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The market is segmented by Major Appliances (Refrigerators, Freezers, Dishwashing Machines, Washing Machines, and Cookers & Ovens), Small Appliances (Vacuum Cleaners, Small Kitchen Appliances, Hair Clippers, Irons, Toasters, Grills & Roasters, and Hair Dryers), Distribution Channel (Supermarkets & Hypermarkets, Specialty Stores, E-Commerce and Others).
Mexico is one of the world’s main exporting countries of household appliances. The other countries include China, Germany, and Italy. Manufacturers and distributors of major and small appliances saw an improvement in both volume and value terms in 2015 as compared to the previous year. This was mainly driven by the positive performance of the construction industry and a recovery in consumer confidence and an increase in promotional activities in retail outlets. Sophisticated and attractive designs in the mid to premium segments faced a strong demand from consumers who are seeing an improvement in their standard of living and want highly-efficient and well-designed appliances. A new segment in the market offering huge potential has been explored and hence there is scope for growth in the market for home appliances in the country.
Mexico’s proximity to the US, Canada, and Latin America allow the reduction in logistical costs for products, due to their weight and volume, which are more costly to transport and store. Also, Mexico’s access to the Atlantic and Pacific Oceans distinguish it as a strategic location to do business and exchange goods with Europe and Asia.
A complete background analysis of the Mexico Home Appliances Market, which includes an assessment of the parental market, emerging trends by segments and regional markets, Significant changes in market dynamics and market overview is covered in the report. The report also features the qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
|Cookers & Ovens|
|Small Kitchen Appliances|
|Grills & Roasters|
|Supermarkets & Hypermarkets|
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A growing and fluctuating oil and gas industry stimulated New Mexico’s housing market in recent years, causing shifts in home sales and valuation, particularly in areas known for the extraction of oil and gas. In 2018, the number of sales throughout the state took a dip, but the value of the homes grew. The total sales in 2018, were reported at 32,006, topping the previous year’s sales of 22,221 by almost 10,000 units.
Nearly every New Mexico county shows an increase in total sales in 2018, as compared to 2017. The biggest increases occurred in counties with larger metropolitan areas and those prospering due to the oil and gas industry. The housing development investments is increased from 2.8 in 2017 to 3.2 in 2018.
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Major Appliances are dominating the market by taking more share in the Home Appliances Market in Mexico. The recovery in the housing market will be an opportunity for appliance manufacturers. Because new homeowners comprise a significant portion of appliance sales, the anticipated rise in housing starts will bring increased demand to the industry. Appliance manufacturers will continue to face rising input costs, however, particularly plastic. With financial assistance from federal tax credits expiring, many operators will cope by moving their production to lower labor-cost countries, such as Mexico.
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The report covers major international players operating in the Mexico Home Appliances Market. However, with technological advancement and product innovation, mid-size to smaller companies are increasing their market presence by securing new contracts and by tapping new markets.
1.1 Study Deliverables
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET INSIGHTS AND DYNAMICS
4.1 Market Overview
4.5 Value Chain Analysis of the Mexico Home Appliances Market
4.6 Porter's Five Forces Analysis
4.7 Technological Innovations
5. MARKET SEGMENTATION
5.1 Major Appliances
5.1.3 Dishwashing Machines
5.1.4 Washing Machines
5.1.5 Cookers & Ovens
5.2 Small Appliances
5.2.1 Vacuum Cleaners
5.2.2 Small Kitchen Appliances
5.2.3 Hair Clippers
5.2.6 Grills & Roasters
5.2.7 Hair Dryers
5.3 Distribution Channel
5.3.1 Supermarkets & Hypermarkets
5.3.2 Specialty Stores
6. COMPETITIVE LANDSCAPE
6.1 Market Concentration Analysis
6.2 Company Profiles
6.2.2 Electrolux AB
6.2.3 LG Electronics
6.2.4 Samsung Electronics
6.2.5 Panasonic Corporation
6.2.6 BSH Hausgerate GMBH
6.2.7 Black and Decker
6.2.9 Daewoo Electronics Mexico
6.2.10 Fischer E Paykel Appliances Inc.
7. FUTURE OF THE MARKET
** Subject to Availability