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)

Region:North America

Author(s):

Product Code:KROD108

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Published on

January 2023

Total pages

70

About the Report

About the Report

The report provides a comprehensive analysis of the potential of E-commerce Industry in Mexico. The report covers an overview and genesis of the industry, market size in terms of number of products sold and revenue generated.

Its market segmentations include by By Type of Product, By Geography, By Payment Method, By Sales Channel and By Age group; growth enablers and drivers; challenges and bottlenecks; trends driving adoption trends; regulatory framework; end-user analysis, industry analysis, competitive landscape including competition scenario and market shares of major players. The report concludes with future market projections of each market segmentation and analyst recommendations.

Market Overview:

According to Ken Research estimates, the Mexican e-commerce market – which grew from approximately ~% in 2017 to approximately ~% in 2022P – is forecasted to grow further into ~% opportunity by 2027F. The Mexican E-commerce market contributed to a global growth rate of ~%. The Latin American e-commerce market has recorded robust growth over the last few years, offering exciting opportunities for online retailers across various sectors.


  • International companies seek to increase their global footprint and stake a claim in the expanding Mexican e-commerce industry, increasingly targeting Mexico.
  • According to the Mexican Online Sales Association, cybersecurity threats are barriers to expanding Ecommerce usage, with huge percent of Ecommerce users concerned about electronic fraud and hesitant to provide financial information online.


Key Trends by Market Segment:

By Type of Product: Among the most purchased product categories was electronics followed by fashion then furniture and others. A forecast cited in the report suggests that B2C E-Commerce sales in Mexico are projected to remain on the growth path over the next five years.



By Payment Method:
Card is the dominant payment method in Mexico. Cash and digital wallets tie as the second-most used payment method.Digital wallets are expected to rise sharply in use, in line with growing smartphone penetration in Mexico.


Competitive Landscape

In Mexico Ecommerce Market there are about ~ players operating in the overall market, and top players accounted ~% share in the market in terms of revenue. Mexico's e-commerce market is highly fragmented in nature. The major parameters on which these players complete includes product variant, channels of distribution, mode of payment and delivery time. Key major players include Amazon, Shein, Walmart, Mercado Libre, and Zegna.


Future Outlook

During the forecast period of 2022-2027, it is anticipated that the ecommerce market in Mexico will grow at a CAGR of ~%, leading to consumption of ~ tons by 2027F. Major players account for a considerable percentage of online sales in the region and actively participate in partnerships and product innovations to gain more market share in future. E-commerce sales are continuing to rise in Mexico. New markets are forming, and established markets have the potential to grow even more in the forecasted period.

Scope Of The Report

Scope of the Report

By Type of Product

  • Electronics
  • Fashion
  • Furniture
  • Food
  • Health and personal care
  • Toys

By Geography

  • Domestic
  • Cross-border

By Payment Method

  • Card
  • Cash
  • Bank Transfer
  • Digital wallet
  • Others

By Sales Channel

  • Online
  • Offline

By Age Group

  • 18-24
  • 25-34
  • 35-44
  • 45-54
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Products

Products

Key Target Audience – Organizations and Entities Who Can Benefit by Subscribing This Report

  • E-Commerce Companies aiming to establish in Mexico
  • Mexico’s E-Commerce logistics industries
  • E-commerce startups
  • Ecommerce Vendors
  • Logistics industry
  • Shipping companies
  • Warehousing Companies
  • E-Commerce end users
  • Investors
  • Industry Associations
  • Consulting Agencies
  • Government Bodies & Regulating Authorities


Time Period Captured in the Report

  • Historical Year: 2017-2022P
  • Base Year: 2022P
  • Forecast Period: 2022P– 2027F


Companies

Major Players Mentioned in the Report

  • Amazon Mexico
  • Walmart Mexico
  • Liverpool
  • Coppel
  • Shein Mexico
  • Home Depot Mexico
  • Apple
  • Sam’s Club
  • Elektra
  • Grainger Mexico
  • Costco Mexico
  • Sears Mexico
  • El Palacio de Hierro
  • Bodega Aurrera
  • Nike
  • Privalia
  • Adidas Mexico
  • Suburbia
  • Sanborns

Table of Contents

Table of Contents

1. Executive Summary

2.  Mexico E-Commerce Market Overview

2.1 Taxonomy of the Mexico E-Commerce Market

2.2 Industry Value Chain

2.3 Ecosystem

2.4 Government Regulations/Initiatives for the Mexico E-Commerce Market

2.5 Growth Drivers of the Mexico E-Commerce Market

2.6 Issues and Challenges of the Mexico E-Commerce Market

2.7 Impact of COVID-19 on the Mexico E-Commerce Market

2.8 SWOT Analysis

3. Mexico E-Commerce Market Size, 2017 – 2022

4. Mexico E-Commerce Market Segmentation

4.1   By Sales Channel, 2017 - 2022

4.2 By Payment Method, 2017 - 2022

4.3 By Regional Split (North/East/West/South), 2017 - 2022

5. Competitive Landscape

5.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

5.2 Strategies Adopted by Leading Players

5.3 Company Profiles – (Top 5 - 7 Major Players)

5.3.1 Amazon Mexico

5.3.2 Walmart Mexico

5.3.3 Liverpool

5.3.4 Costco Mexico

5.3.5 Nike

5.3.6 Privalia

5.3.7 Sanborns

5.3.8 Apple

6. Mexico E-Commerce Future Market Size, 2022 – 2027

7. Mexico E-Commerce Future Market Segmentation

7.1   By Sales Channel, 2022 - 2027

7.2 By Payment Method, 2022 - 2027

7.3 By Regional Split (North/East/West/South), 2022 - 2027

8. Analyst Recommendations

9. Research Methodology

10. Disclaimer

11. Contact Us

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Research Methodology

Research Methodology

Step 1: Identifying Key Variables: Ecosystem creation for all the major entities and referring to multiple secondary and proprietary databases to perform desk research around market to collate industry level information.

Step 2: Market Building: Collating statistics on ecommerce market over the years, to compute the revenues generated by the online market. We also understood the price points of various products offered.

Step 3: Validating and Finalizing: Building market hypothesis and conducting CATIs with industry exerts belonging to different companies to validate statistics and seek operational and financial information from company representatives.

Step 4: Research output: Our team will approach multiple finance providing channels and understand nature of product segments and sales, consumer preference and other parameters, which will support us validate statistics derived through bottom to top approach from baby food providers.

Frequently Asked Questions

Frequently Asked Questions

What is the Study Period of this Market Report?

The Mexican Ecommerce Market is covered from 2017–2027F in this report, including a forecast for 2022P-2027F.

What is the Future Growth Rate of the Mexican Ecommerce Market?

The Market is expected to witness a CAGR of ~% over the next years.

What are the Key Factors Driving the Mexican Ecommerce Market?

Rising internet infrastructure, various product offering, and receptive consumers who are increasingly adopting online medium for purchase of goods and services.

Which is the most preferred mode of payment in Mexico’s Ecommerce Market?

Card is the dominant payment method in Mexico, used in ~% of all transactions and worth $~ Bn in sales. Debit card penetration is high compared to credit card in Mexico.

Who is the leader brand in the Mexico Ecommerce Market?  

Mercado Libre remains the clear leader of the Mexico Ecommerce market, accounting for ~% of value sales (Bn USD) in 2022P.


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