Mexico E-commerce Market Outlook to 2027F

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.