Mexico Laundry Appliances Market Size, Growth Report | 2031
Mexico Laundry Appliances Market Size, Growth Report | 2031
Segments - Mexico Laundry Appliances Market by Types (Washing Machine, Dryers, Electric Smoothing Irons, Others), Applications (Residential and Commercial), and Country (Mexico) - Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031.
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| Report ID :CG-2461
| 4.1 Rating
| 62 Reviews
| 195 Pages
| Format :
Report Description
The Mexico laundry appliances market size was USD XX Billion in 2022 and is likely to reach USD XX Billion by 2031, expanding at a CAGR of 2% during 2023–2031. The growth of the market is attributed to the rising disposable income and changing lifestyles of people.
A laundry appliance, also known as a washer, clothes washer, or dryer is a device that is used to wash clothes. Dry cleaning (which uses different cleaning fluids and is conducted by professional firms) and ultrasonic cleaners are examples of equipment that use water instead of dry cleaning. The user adds liquid or powder laundry detergent to the washing device's water. It's used to clean delicate fabrics that can't stand up to the challenges of a washing machine and dryer; it may also save time by eliminating the need for labor-intensive hand cleaning. A laundry appliance is a machine that uses water to clean and rinse textiles, although it is not restricted to washing. It may also be used to dry things out.
The Covid-19 pandemic affected the demand and supply of Mexico laundry appliances market. Lockdown across the globe, supply chain disorders, and oscillating supply of raw materials forced manufacturers to shut down production leading to unfortunate decline in market growth. Launch of vaccines to combat the Covid-19 pandemic is expected to contribute to the market growth over the forecast period.
Market Trends, Drivers, Restraints, and Opportunities
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Increasing disposable income and changing lifestyles of people is projected to fuel the market during forecast period.
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Improving standards of living is key factor propelling the market.
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Alternate products and technological threat are estimated to hinder the market growth.
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Lack of awareness act as major challenge that can impede the market expansion in the coming years.
Scope of the Report
The report on the Mexico laundry appliances market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes |
Details |
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Report Title |
Mexico Laundry Appliances Market - Industry Analysis, Growth, Share, Size, Trends, and Forecast |
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Base Year |
2022 |
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Historic Data |
2016–2021 |
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Forecast Period |
2023–2031 |
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Segmentation |
Types (Washing Machine, Dryers, Electric Smoothing Irons, Others) and Applications (Residential and Commercial) |
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Country Scope |
Mexico |
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Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
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Key Players Covered in the Report |
Samsung; AB Electrolux; LG Electronics; and Maytag |
Market Segment Insights:
The washing machine segment holds a major market share
Based on types, the Mexico laundry appliances market is segregated into washing machine, dryers, electric smoothing irons, and others. The washing machine segment is expected to represent a key share of the market during the forecast period. Increasing demand for washing machines is projected to propel the market. The advent of coming generation washing machines that use technologies for optimal power and water consumption is projected to boost demand for these items. The need for washing machines is steadily growing, owing to an increasing number of people's lack of time to do laundry as a result of their hectic lifestyles.
The residential segment is anticipated to expand at high CAGR during the forecast period
On the basis of End-user, the Mexico laundry appliances market is bifurcated into residential and commercial. The residential sector is estimated to expand at a rapid pace. Consumers wish to save time in cleaning and caring for their garments and appliances due to hectic lifestyles. Residential laundry machines are becoming more popular as a result of the growing number of young people who share their homes and dual-income families who have a busy lifestyle. Dryers have a low penetration rate than washing machines, which could create an opportunity for market players.
Segments
The Mexico laundry appliances market is segmented on the basis of
Types
- Washing Machine
- Dryers
- Electric Smoothing Irons
- Others
End-users
- Residential
- Commercial
Country
- Mexico
Key Players
- Samsung
- AB Electrolux
- LG Electronics
- Maytag
Competitive Landscape
The major players in the Mexico laundry appliances market include Samsung, AB Electrolux, LG Electronics, and Maytag.
Some of these players are using several market strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to increase their market shares.
Table Of Content
1. Executive Summary2. Assumptions and Acronyms Used
3. Research Methodology
4. Laundry Appliances Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Laundry Appliances Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Laundry Appliances Market - Supply Chain
4.5. Global Laundry Appliances Market Forecast
4.5.1. Laundry Appliances Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Laundry Appliances Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Laundry Appliances Market Absolute $ Opportunity
5. Global Laundry Appliances Market Analysis and Forecast by Region
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Region
5.2.2. Y-o-Y Growth Projections by Region
5.3. Laundry Appliances Market Size and Volume Forecast by Region
5.3.1. North America
5.3.2. Latin America
5.3.3. Europe
5.3.4. Asia Pacific
5.3.5. Middle East and Africa (MEA)
5.4. Absolute $ Opportunity Assessment by Region
5.5. Market Attractiveness/Growth Potential Analysis by Region
5.6. Global Laundry Appliances Demand Share Forecast, 2019-2026
6. North America Laundry Appliances Market Analysis and Forecast
6.1. Introduction
6.1.1. Basis Point Share (BPS) Analysis by Country
6.1.2. Y-o-Y Growth Projections by Country
6.2. North America Laundry Appliances Market Size and Volume Forecast by Country
6.2.1. U.S.
6.2.2. Canada
6.3. Absolute $ Opportunity Assessment by Country
6.4. Market Attractiveness/Growth Potential Analysis
6.4.1. By Country
6.4.2. By Product Type
6.4.3. By Application
6.5. North America Laundry Appliances Demand Share Forecast, 2019-2026
7. Latin America Laundry Appliances Market Analysis and Forecast
7.1. Introduction
7.1.1. Basis Point Share (BPS) Analysis by Country
7.1.2. Y-o-Y Growth Projections by Country
7.1.3. Latin America Average Pricing Analysis
7.2. Latin America Laundry Appliances Market Size and Volume Forecast by Country
7.2.1. Brazil
7.2.2. Mexico
7.2.3. Rest of Latin America
7.3. Absolute $ Opportunity Assessment by Country
7.4. Market Attractiveness/Growth Potential Analysis
7.4.1. By Country
7.4.2. By Product Type
7.4.3. By Application
7.5. Latin America Laundry Appliances Demand Share Forecast, 2019-2026
8. Europe Laundry Appliances Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.1.3. Europe Average Pricing Analysis
8.2. Europe Laundry Appliances Market Size and Volume Forecast by Country
8.2.1. Germany
8.2.2. France
8.2.3. Italy
8.2.4. U.K.
8.2.5. Spain
8.2.6. Russia
8.2.7. Rest of Europe
8.3. Absolute $ Opportunity Assessment by Country
8.4. Market Attractiveness/Growth Potential Analysis
8.4.1. By Country
8.4.2. By Product Type
8.4.3. By Application
8.5. Europe Laundry Appliances Demand Share Forecast, 2019-2026
9. Asia Pacific Laundry Appliances Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Asia Pacific Average Pricing Analysis
9.2. Asia Pacific Laundry Appliances Market Size and Volume Forecast by Country
9.2.1. China
9.2.2. Japan
9.2.3. South Korea
9.2.4. India
9.2.5. Australia
9.2.6. Rest of Asia Pacific (APAC)
9.3. Absolute $ Opportunity Assessment by Country
9.4. Market Attractiveness/Growth Potential Analysis
9.4.1. By Country
9.4.2. By Product Type
9.4.3. By Application
9.5. Asia Pacific Laundry Appliances Demand Share Forecast, 2019-2026
10. Middle East & Africa Laundry Appliances Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Middle East & Africa Average Pricing Analysis
10.2. Middle East & Africa Laundry Appliances Market Size and Volume Forecast by Country
10.2.1. Saudi Arabia
10.2.2. South Africa
10.2.3. UAE
10.2.4. Rest of Middle East & Africa (MEA)
10.3. Absolute $ Opportunity Assessment by Country
10.4. Market Attractiveness/Growth Potential Analysis
10.4.1. By Country
10.4.2. By Product Type
10.4.3. By Application
10.5. Middle East & Africa Laundry Appliances Demand Share Forecast, 2019-2026
11. Competition Landscape
11.1. Global Laundry Appliances Market: Market Share Analysis
11.2. Laundry Appliances Distributors and Customers
11.3. Laundry Appliances Market: Competitive Dashboard
11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
11.4.1. Samsung
11.4.2. AB Electrolux
11.4.3. LG Electronics
11.4.4. Maytag
Methodology
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