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.

Author : Debadatta Patel

Fact-checked by : PARTHA PAUL

Editor : Shruti Bhat

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.

Mexico Laundry Appliances Market Outlook

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

Increasing disposable income and changing lifestyles of people is projected to fuel the market during forecast period.
Improving standards of living is key factor propelling the market.
Alternate products and technological threat are estimated to hinder the market growth.
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.

Attributes	Details
Report Title	Mexico Laundry Appliances Market - Industry Analysis, Growth, Share, Size, Trends, and Forecast
Base Year	2022
Historic Data	2016–2021
Forecast Period	2023–2031
Segmentation	Types (Washing Machine, Dryers, Electric Smoothing Irons, Others) and Applications (Residential and Commercial)
Country Scope	Mexico
Report Coverage	Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
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.

Mexico Laundry Appliances Market End-user

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.

Mexico Laundry Appliances Market Keyplayers

Table Of Content

1. Executive Summary
2. 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 (000â€™ 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