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Small Specialty Retail Stores in New Mexico

Author.Name IBISWorld United States Last Updated: April 2025 NAICS NM45999

Small Specialty Retail Stores in New Mexico industry analysis

The Small Specialty Retail Stores industry in New Mexico is expected to grow an annualized x.x% to $x.x million over the five years to 2025, while the national industry will likely grow at x% during the same period. Industry establishments increased an annualized x% to x,xxx locations. Industry employment has increased an annualized x.x% to x,xxx workers, while industry wages have decreased an annualized -x.x% to $x.x million.

Over the five years to 2030, the industry is expected to grow an annualized x.x% to $x.x million, while the national industry is expected to grow x.x%. Industry establishments are forecast to grow x.x% to x,xxx locations. Industry employment is expected to increase an annualized x% to x,xxx workers, while industry wages are forecast to decrease % to $x.x million.

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About the Small Specialty Retail Stores in New Mexico Market Research Report

What’s Included in the Small Specialty Retail Stores in New Mexico Market Research Report

Definition of the Small Specialty Retail Stores in New Mexico?

Small specialty stores retail specialized lines of goods, including kitchenware, art supplies, cigarettes and cigars, collectibles, fireworks and trophies. This industry also includes general merchandise auction houses (except electronic auctions) but excludes mass merchandisers, department stores, grocery stores, warehouse clubs and supercenters.

What’s included in the Small Specialty Retail Stores in New Mexico?

The Small Specialty Retail Stores in New Mexico includes general merchandise, tobacco and tobacco products, art supplies, collectors' items, fireworks, candles, home goods, books, specialized occupational supplies and sports equipment. Related terms covered in the Small Specialty Retail Stores in New Mexico industry report includes a system used at checkout in retail stores, using computers and cash registers to capture transaction data at the time and place of sale, a store that has a physical presence and location, as opposed to an online retailer, the transmission of electronic documents between businesses from one computer system to another, a retail store that is differentiated by its sheer size and large range of products, including electronics, household goods and other consumer products, pipe instrument for vaporizing and smoking various tobacco products and a device that vaporizes tobacco liquids to avoid inhaling smoke.

Industry Performance of the Small Specialty Retail Stores industry in New Mexico

Benchmark the Small Specialty Retail Stores in New Mexico industry performance with all NM county and national performance.

Small Specialty Retail Stores in New Mexico

#41 in Highest Revenue 0.4% of state's GDP
Revenue (2025)
Annual Growth (2020-25)
Annual Growth (2025-30)

Small Specialty Retail Stores in the US


Revenue (2025)
Annual Growth (2020-25)
Annual Growth (2025-30)

For the full list of industry drivers, see report purchase options.

Key Drivers of the Small Specialty Retail Stores industry in New Mexico

See how key industry drivers, such as population, median houshold income, per capita disposable income, per capita disposable income, e-commerce sales and consumer confidence index are impacting Small Specialty Retail Stores in New Mexico

New Mexico Economic Indicators

Population
Median Houshold Income
Per Capita Disposable Income

View more economic information in NM State Economic profile

US Key External Drivers

Per capita disposable income
E-commerce sales
Consumer confidence index

For the full list of industry drivers, see report purchase options.

County Data of the Small Specialty Retail Stores industry in New Mexico

Access proprietary data on county in the Small Specialty Retail Stores in New Mexico, such as Dona Ana County, Bernalillo County and San Juan County. Data includes figures on revenue, establishments, employees and wages by counties.

Key Statistics of the Small Specialty Retail Stores industry in New Mexico

Download 18 years of historical data and 5 years of projected performance.

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Top Questions Answered in this Report

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What is the market size of the Small Specialty Retail Stores industry in New Mexico in 2025?

The market size of the Small Specialty Retail Stores industry in New Mexico is $283.0m in 2025.

How many businesses are there in the Small Specialty Retail Stores industry in New Mexico in 2025?

There are 2,158 businesses in the Small Specialty Retail Stores industry in New Mexico, which has been growing at an average annual rate of 19.0% from 2020 to 2025.

Has the Small Specialty Retail Stores industry in New Mexico grown or declined over the past 5 years?

The market size of the Small Specialty Retail Stores industry in New Mexico has been growing at an average annual rate of 3.8% from 2020 to 2025.

How many employees in the Small Specialty Retail Stores industry in New Mexico in 2025?

There are 2,158 employees in the Small Specialty Retail Stores industry in New Mexico, which has been growing at an average annual rate of 7.1% from 2020 to 2025.