Luxury Goods in Mexico
Retail value sales of luxury goods in Mexico continue to rise in 2024. The most dynamic category within luxury goods in 2024 is predicted to be super premium beauty and personal care, due to greater interest in purchasing premium products that have gained relevance among consumers post-pandemic. Experiential luxury is also expected to record dynamic growth during the year, boosted by the increasing importance the target audience gives to having unique and exclusive experiences both in hotels and...
Euromonitor International's Luxury Goods in Mexico report offers a comprehensive guide to the size and shape of the Luxury Goods market at a national level. It provides the latest retail sales data, allowing you to identify the sectors driving growth. It identifies the leading companies, the leading brands and offers strategic analysis of key factors influencing the market and their effects on Luxury Goods retailing along with the development of consumers’ shopping patterns. Forecasts to 2028 illustrate how the market is set to change
Product coverage: Experiential Luxury, Fine Wines/Champagne and Spirits, Personal Luxury, Premium and Luxury Cars.
Data coverage: market sizes (historic and forecasts), company shares, brand shares and distribution data.
Why buy this report?
* Get a detailed picture of the Luxury Goods market;
* Pinpoint growth sectors and identify factors driving change;
* Understand the competitive environment, the market’s major players and leading brands;
* Use five-year forecasts to assess how the market is predicted to develop.
- Luxury Goods in Mexico
- Euromonitor International
- October 2024
- List Of Contents And Tables
- LUXURY GOODS IN MEXICO
- EXECUTIVE SUMMARY
- Luxury goods in 2024: The big picture
- 2024 key trends
- Competitive landscape
- Retailing developments
- What next for luxury goods?
- MARKET DATA
- Table 1 Sales of Luxury Goods by Category: Value 2019-2024
- Table 2 Sales of Luxury Goods by Category: % Value Growth 2019-2024
- Table 3 Inbound Receipts for Luxury Goods by Country of Origin: Value 2019-2024
- Table 4 NBO Company Shares of Luxury Goods: % Value 2019-2023
- Table 5 LBN Brand Shares of Luxury Goods: % Value 2020-2023
- Table 6 Distribution of Luxury Goods by Format and Category: % Value 2024
- Table 7 Forecast Sales of Luxury Goods by Category: Value 2024-2029
- Table 8 Forecast Sales of Luxury Goods by Category: % Value Growth 2024-2029
- DISCLAIMER
- SOURCES
- Summary 1 Research Sources
- EXPERIENTIAL LUXURY IN MEXICO
- KEY DATA FINDINGS
- 2024 DEVELOPMENTS
- Inbound tourism boosts experiential luxury in Mexico
- New options offered by leading international chains in fragmented landscape
- Glamping - an alternative way to enjoy luxury experiences
- PROSPECTS AND OPPORTUNITIES
- Huge impact of tourists from North America on the growth of experiential luxury
- Local restaurants with Michelin stars help to expand experiential luxury offer
- Nayarit is Mexican destination offering significant expansion opportunities for experiential luxury
- CATEGORY DATA
- Table 9 Sales of Experiential Luxury by Category: Value 2019-2024
- Table 10 Sales of Experiential Luxury by Category: % Value Growth 2019-2024
- Table 11 NBO Company Shares of Experiential Luxury: % Value 2019-2023
- Table 12 LBN Brand Shares of Experiential Luxury: % Value 2020-2023
- Table 13 Forecast Sales of Experiential Luxury by Category: Value 2024-2029
- Table 14 Forecast Sales of Experiential Luxury by Category: % Value Growth 2024-2029
- FINE WINES/CHAMPAGNE AND SPIRITS IN MEXICO
- KEY DATA FINDINGS
- 2024 DEVELOPMENTS
- Tequila remains the most important national beverage
- Local brands of fine wines aim to gain position in the global market
- Bottle customisation enters the luxury space
- PROSPECTS AND OPPORTUNITIES
- Greater social awareness gives importance to artisanal processes
- Tane jewellery makes alliances with prestigious brands to create luxury gifts
- New luxury spirits distributed by William Grant & Sons in the local market
- CATEGORY DATA
- Table 15 Sales of Fine Wines/Champagne and Spirits by Category: Value 2019-2024
- Table 16 Sales of Fine Wines/Champagne and Spirits by Category: % Value Growth 2019-2024
- Table 17 NBO Company Shares of Fine Wines/Champagne and Spirits: % Value 2019-2023
- Table 18 LBN Brand Shares of Fine Wines/Champagne and Spirits: % Value 2020-2023
- Table 19 Distribution of Fine Wines/Champagne and Spirits by Format: % Value 2019-2024
- Table 20 Forecast Sales of Fine Wines/Champagne and Spirits by Category: Value 2024-2029
- Table 21 Forecast Sales of Fine Wines/Champagne and Spirits by Category: % Value Growth 2024-2029
- PREMIUM AND LUXURY CARS IN MEXICO
- KEY DATA FINDINGS
- 2024 DEVELOPMENTS
- Growth of premium and luxury cars driven by traditional brands and boosted by hybrid models
- Mercedes-Benz utilises online sales in Mexico
- Porsche NOW: A pop-up space to experience the brand
- PROSPECTS AND OPPORTUNITIES
- A challenge for luxury brands to differentiate themselves from competitors with more premium options
- New brands and models of luxury cars set to enter Mexico, with many of them likely to be electric options
- Growth of armoured cars due to security concerns
- CATEGORY DATA
- Table 22 Sales of Premium and Luxury Cars: Value 2019-2024
- Table 23 Sales of Premium and Luxury Cars: % Value Growth 2019-2024
- Table 24 NBO Company Shares of Premium and Luxury Cars: % Value 2019-2023
- Table 25 LBN Brand Shares of Premium and Luxury Cars: % Value 2020-2023
- Table 26 Forecast Sales of Premium and Luxury Cars: Value 2024-2029
- Table 27 Forecast Sales of Premium and Luxury Cars: % Value Growth 2024-2029
- PERSONAL LUXURY IN MEXICO
- KEY DATA FINDINGS
- 2024 DEVELOPMENTS
- Designer apparel and footwear (ready-to-wear) drives sales of personal luxury
- Luxury eyewear
- Luxury jewellery
- Luxury leather goods
- Luxury wearables electronics
- Luxury timepieces
- Luxury writing instruments and stationery
- Super premium beauty and personal care
- PROSPECTS AND OPPORTUNITIES
- Designer apparel and footwear (ready-to-wear) to remain most important category, but super premium beauty and personal care offers further growth potential
- Boost to personal luxury to be driven by both local and international tourism
- General merchandise stores to remain the most important for personal luxury
- CATEGORY DATA
- Table 28 Sales of Personal Luxury by Category: Value 2019-2024
- Table 29 Sales of Personal Luxury by Category: % Value Growth 2019-2024
- Table 30 NBO Company Shares of Personal Luxury: % Value 2019-2023
- Table 31 LBN Brand Shares of Personal Luxury: % Value 2020-2023
- Table 32 Distribution of Personal Luxury by Format: % Value 2019-2024
- Table 33 Forecast Sales of Personal Luxury by Category: Value 2024-2029
- Table 34 Forecast Sales of Personal Luxury by Category: % Value Growth 2024-2029
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