Mexico Home Appliances Market

Mexico Home Appliances Market by Major Appliances (Refrigerators, Washing Machines, Ovens, Air Conditioners, Freezers, Dishwashing Machines, and Others), Small Appliances (Coffee/Tea Makers, Vacuum Cleaners, Food Processors, Grills and Toasters, and Others), Distribution Channels (Mass Merchandisers, Online, Exclusive Stores, and Others), and Country - Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028.

  • Report ID: CG-3392
  • Author: Growth Market Reports
  • Rating: 4.5
  • Total Reviews: 3
  • No. Of Pages: 212
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The Mexico home appliances market size is estimated to expand at a high CAGR during the forecast period, 2021–2028. The growth of the market is attributed to the inclination of consumers toward energy-efficient appliances

Mexico Home Appliances Market

Household appliances, often known as white goods, small appliances, and consumer electronics are used for daily operations including cooking, laundry, and food preservation, among others. They are usually connected with unique connections, such as electrical, gas, plumbing, and ventilation systems, limiting their movement throughout the house. Small appliances are equipment that are semi-portable or portable and are typically utilized on platforms such as counters and tables. Air purifiers, dehumidifiers, blenders, clothes steamers & irons, electric kettles & coffee machines, and other appliances are some of household appliances. TVs, music systems, and other gadgets used for entertainment, communications, and home-office operations are examples of consumer electronics.

Market Trends, Drivers, Restraints, and Opportunities

  • Increasing technological advancements is anticipated to drive the market growth during forecast period.
  • Rising rapid urbanization and growth in the housing sector are boosting the market expansion.
  • Improving living standards and change in consumer lifestyle are expected to propel growth of industry.
  • High cost of appliances is projected to hamper the market growth during forecast period.
  • Government initiatives for energy-efficient appliances across the Mexico are creating ample opportunities for the home appliances market.

Scope of the Report

The report on the Mexico home 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 Home Appliances Market - Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2020

Historic Data

2018–2019

Forecast Period

2021–2028

Segmentation

Major Appliances (Refrigerators, Washing Machines, Ovens, Air Conditioners, Freezers, Dishwashing Machines, and Others), Small Appliances (Coffee/Tea Makers, Vacuum Cleaners, Food Processors, Grills and Toasters, and Others), and Distribution Channels (Mass Merchandisers, Online, Exclusive Stores, and Others)

Country

Mexico

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

Electrolux AB; LG Electronics; Whirlpool Corporation; Mabe; and BSH Hausgerate GmbH

Mexico Home Appliances Market Segment Insights

Refrigerators segment is expected to grow at a rapid pace

Based on major appliances, the market is divided into refrigerators, washing machines, ovens, air conditioners, freezers, dishwashing machines, and others. The refrigerators segment is expected to grow at a rapid pace during the forecast period. Refrigerator is becoming an essential part of household. Refrigerators with an energy star rating are in great demand since they are equipped with energy-saving compressors, insulation, and defrosting technologies. As a result of the increased demand for energy-efficient appliances, manufacturers are heavily investing on R&D to develop new goods.  On the other hand, the washing machines segment is estimated to grow at a steady rate due to rising disposable income of consumers and increasing spending on washing machines.

Mexico Home Appliances Market

Food processors segment is projected to expand at a considerable CAGR

On the basis of small appliances, the market is segregated into coffee/tea makers, vacuum cleaners, food processors, grills and toasters, and others. The food processors segment is projected to expand at a considerable CAGR during the forecast period due to increasing in demand for integrated appliances such as ovens, integrated hob extractors, flexible induction hobs, and built-in dishwasher.

Online segment is anticipated to account for a significant market share.

Based on distribution channels, the market is divided into mass merchandisers, online, exclusive stores, and others. The online segment is estimated to account for a significant market share during the forecast period food owing to high penetration of Internet and smartphones along with technological advancements. On the other hand, the exclusive stores segment is estimated to grow at a steady pace in the coming years.

Mexico Home Appliances Market

Segments

Segments Covered in the Report

The Mexico home appliances market has been segmented on the basis of

  Major Appliances

  • Refrigerators
  • Washing Machines
  • Ovens
  • Air Conditioners
  • Freezers, Dishwashing Machines
  • Others

 Small Appliances

  • Coffee/Tea Makers
  • Vacuum Cleaners
  • Food Processors
  • Grills and Toasters
  • Others

Distribution Channels

  • Mass Merchandisers
  • Online
  • Exclusive Stores
  • Others

 Country

  • Mexico

Key Players

  • Electrolux AB
  • LG Electronics
  • Whirlpool Corporation
  • Mabe
  • BSH Hausgerate GmbH

Competitive Landscape

Key players competing in the Mexico home appliances market are Electrolux AB; LG Electronics; Whirlpool Corporation; Mabe; and BSH Hausgerate GmbH.

Mid-size and smaller businesses are expanding their market position by gaining new agreements and entering new markets as a result of technology improvement and innovative products.

Mexico Home Appliances Market

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Home 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. Home Appliances Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Home Appliances Market - Supply Chain
  4.5. Global Home Appliances Market Forecast
     4.5.1. Home Appliances Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Home Appliances Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Home Appliances Market Absolute $ Opportunity
5. Global Home 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. Home 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 Home Appliances Demand Share Forecast, 2019-2026
6. North America Home 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 Home 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 Home Appliances Demand Share Forecast, 2019-2026
7. Latin America Home 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 Home 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 Home Appliances Demand Share Forecast, 2019-2026
8. Europe Home 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 Home 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 Home Appliances Demand Share Forecast, 2019-2026
9. Asia Pacific Home 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 Home 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 Home Appliances Demand Share Forecast, 2019-2026
10. Middle East & Africa Home 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 Home 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 Home Appliances Demand Share Forecast, 2019-2026
11. Competition Landscape
  11.1. Global Home Appliances Market: Market Share Analysis
  11.2. Home Appliances Distributors and Customers
  11.3. Home Appliances Market: Competitive Dashboard
  11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)

Segments Covered in the Report

The Mexico home appliances market has been segmented on the basis of

  Major Appliances

  • Refrigerators
  • Washing Machines
  • Ovens
  • Air Conditioners
  • Freezers, Dishwashing Machines
  • Others

 Small Appliances

  • Coffee/Tea Makers
  • Vacuum Cleaners
  • Food Processors
  • Grills and Toasters
  • Others

Distribution Channels

  • Mass Merchandisers
  • Online
  • Exclusive Stores
  • Others

 Country

  • Mexico

Key Players

  • Electrolux AB
  • LG Electronics
  • Whirlpool Corporation
  • Mabe
  • BSH Hausgerate GmbH

Key players competing in the Mexico home appliances market are Electrolux AB; LG Electronics; Whirlpool Corporation; Mabe; and BSH Hausgerate GmbH.

Mid-size and smaller businesses are expanding their market position by gaining new agreements and entering new markets as a result of technology improvement and innovative products.

Mexico Home Appliances Market

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