Home improvement is expected to see modest current value growth in Mexico over the forecast period, though sales are set to stagnate at constant 2024 prices. Economic challenges, including high inflation and rising costs of building materials, have led to the cancellation of construction projects and reduced investment in the sector.
A key trend shaping home improvement in Mexico is the growing adoption of smart home technology and automation. As urbanisation accelerates and consumer demands shift, homeowners are increasingly investing in solutions that transform their living spaces into connected, energy-efficient environments.
Another notable trend is the shift in consumer behaviour towards DIY (do-it-yourself) and custom home improvement projects. Amid changing lifestyles, where more people are spending time at home and seeking to create environments that reflect their personal tastes and needs, there is a robust demand for products and services that empower homeowners to undertake their own renovations.
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Understand the latest market trends and future growth opportunities for the Home Improvement industry in Mexico with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the Home Improvement industry in Mexico, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
Home Improvement
Includes: products purchased by consumers through retail channels.Excludes: commercial sales to professional builders / tradesmen / contractors etc. Home improvement refers to bathroom and sanitaryware, decorating sundries, floor covering, hand tools, hardware, home paint, kitchen sinks, power tools, wall covering and other home improvement.
See all of our definitionsThis report originates from Passport, our Home Improvement research and analysis database.
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