Business Opportunities in Mexico E-Commerce Market: Ken Research

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Mexico Ecommerce Market is at a growing stage and is a fragmented market with few major e-commerce providers. The Mexico E-commerce Market has seen the emergence of more players over the past 5 years. Few top B2C E-Commerce websites in Mexico are Mercadolibre.com.mx, Amazon.com.mx, Coppel.com, Walmart.com.mx and Amazon.com, as revealed in the report. MercadoLibre ranks first by market share, followed by Amazon.

Key Findings

E-commerce sales are expected to increase globally over the next years. East and Southeast Asia will propel this development with their growing middle class and their lagging offline infrastructure. With a yearly growth rate of ~% between 2022 and 2027, Mexico is expected to outperform the global average of ~%.E-commerce firms should strategize to offer low-priced items to consumers in the region which can be a big differentiating factor for the firms when compared to other players in the industry. This is expected to help the firms in gaining widespread popularity among Mexican shoppers from the short to medium-term perspective.Although cards are the dominant payment method in Mexico, used in ~ per cent of all transactions, cash remains relevant due to a low rate of financial inclusion.

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The E-Commerce industry is expected to grow: Amid the growing e-commerce market and the fact that more shoppers are expected to enter the industry over the next few years, e-commerce giants are investing billions of dollars in the country to further strengthen their position in the Mexican e-commerce industry. Not just e-commerce giants but even traditional retailers have increased their investment to build an efficient logistics network amid the growing digital sales in Mexico.

Future investments to be made in the construction and expansion of logistics centres: With the entry of millions of new first-time e-commerce buyers and the maturing of the current user base, the bar of consumer demand went up significantly, both in terms of payment options and delivery times, over the last two years. As a result, e-commerce marketplaces, such as Amazon and MercadoLibre, have been increasing their investment in the construction and expansion of logistics centres. These firms are also indulging in different delivery modes to increase same-day or two-day shipping to more online shoppers in Mexico. The firm has been building its logistics networks to further increase its regional market share.

Global e-commerce marketplaces are entering the Mexican market: Over the next few years, e-commerce transactions as a percentage of total retail sales are expected to record robust growth in Mexico. Consequently, global e-commerce marketplaces are entering the Mexican market to capitalize on the high-growth industry. Shopee, the largest e-commerce marketplace in Southeast Asia, launched its online shopping platform for consumers in Mexico, making the country its second market in Latin America.

Analysts at Ken Research in their latest publication “Mexico E-commerce Market Outlook to 2027F- By Type of Product (Electronics, Fashion, Furniture, Food, Health and personal care, Toys and Others), By Geography (Domestic, Cross-border), By Payment Method (Card, Cash, Bank Transfer, Digital wallet and Others), By Sales Channel (Online, Offline) and By Age Group (18-24, 25-34, 35-44, 45-54).” observed the potential of the Ecommerce market in Mexico. A large number of ecommerce companies are operating in the Mexico Ecommerce Market. These companies compete on various parameters such as pricing of the product offered, payment method, product delivery time, presence on social media platforms, cross border sales etc. The Mexico Ecommerce Market is expected to grow at CAGR of ~% over the forecasted period i.e., 2022-2027F.

Key Segments Covered in the report: -

Mexico E-commerce Market

By Type of Product:

ElectronicsFashionFurnitureFoodHealth and personal careToys

By Geography:

DomesticCross-border

By Payment Method:

CardCashBank TransferDigital walletOthers

By Sales Channel:

OnlineOffline

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By Age Group:

18-24 Years25-34 Years35-44 Years45-54 Years55+ Years

Key Target Audience

E-Commerce Companies aiming to establish in MexicoMexico’s E-Commerce logistics industriesE-commerce startupsEcommerce VendorsLogistics industryShipping companiesWarehousing CompaniesE-Commerce end usersInvestorsIndustry AssociationsConsulting AgenciesGovernment Bodies & Regulating Authorities

Time Period Captured in the Report:

Historical Year: 2017-2022PBase Year: 2022PForecast Period: 2022P– 2027F

Companies Covered:

Amazon MexicoWalmart MexicoLiverpoolCoppelShein MexicoHome Depot MexicoAppleSam’s ClubElektraGrainger MexicoCostco MexicoSears MexicoEl Palacio de HierroBodega AurreraNikePrivaliaAdidas MexicoSuburbiaSanborns

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Key Topics Covered in the Report

Overview of E-Commerce Market in MexicoInternet Penetration Rate and Number of Media Users in MexicoEcosystem of Major Entities in Mexico E-Commerce MarketMarket Size of Mexico E-Commerce MarketAverage Ticket Size of E-CommerceMexico E-Commerce Market SegmentationTrends and Developments in Mexico E-Commerce MarketIssues and Challenges in Mexico E-Commerce MarketPorter 5 Forces Analysis of Mexico E-Commerce MarketGovernment Regulations in Mexico E-Commerce MarketImpact of COVID-19 on Mexico E-Commerce MarketCross Comparison of Major E-Commerce PlayersStrengths and Weaknesses of Major E-Commerce PlayersCompany Profiles of Major E-Commerce PlayersFuture Market Size of Mexico E-Commerce MarketMexico E-Commerce Market Future SegmentationAnalyst RecommendationsIndustry SpeaksResearch Methodology

For More Information on the research reports, refer to the below link: -

Business Opportunities in Mexico’s E-Commerce Market

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