Mexico Kitchen Appliances Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

Mexico Kitchen Appliances Market is segmented by product type (Food Preparation Appliances, Small Cooking Appliances, Large Kitchen Appliances, and other kitchen appliances), by Distribution Channel (Specialist retailers, E-commerce, Supermarkets and Hypermarkets, Department Stores, Other Distribution Channels) - Growth, Trends, and Forecast (2020-2025)

Market Snapshot

Market Snapshot
Study Period: 2016 - 2026
Base Year: 2020
CAGR: >2 %

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Market Overview

Mexico's kitchen appliances market is growing significantly as more and more Mexicans are becoming very much aware of the importance of healthy eating habits which is influencing their consumer choices. Specifically, Mexicans are becoming increasingly interested in products that can help them to have a healthy diet and avoid health problems that are commonly associated with a poor diet. Many people consume coffee regularly in Mexico, mainly to help them wake up in the morning, as a digestive after meals and sometimes during the afternoon as a refreshing drink during a relaxing moment. More coffee shops are now opening in many cities nationwide as the country’s coffee culture strengthens.

Scope of the Report

A complete background analysis of the Mexico Kitchen Appliances Industry, which includes an assessment of the national accounts, economy, and emerging market trends by segments, significant changes in the market dynamics, and market overview is covered in the report.

BY Product type
Food Processing
Small Kitchen
Large Kitchen
Others
By Channel
Offline - Traditional
Online

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Key Market Trends

Kitchen Oven Segment Has Exhibited an Exuberant Double-Digit Growth

The first quarter of 2019 had witnessed a growth of 14% in the product categories of kitchen ovens, electric grills. The revenue from these product sales in the region had amounted to about USD 20 million in 2019 which had grown by more than 10% over the same period compared to the last year. Towards the end of 2019, Grupo HB PS was still leading the manufacture of the small cooking appliances in Mexico. The company can attribute its leading position to the enduring popularity of its brands Hamilton Beach and Proctor-Silex, which are supported by good distribution networks.

Trend 1

Online shopping is gaining momentum

The most important channel for the Kitchen appliances category continues to be hypermarkets, which represents about a third of total volume sales. It is followed by variety stores, which accounts for a fifth of the overall sales, and both channels largely maintained these sizeable shares over the review period. Online channel is gaining trend in the recent days as people are mostly inclined to preferring the comfortable way of buying household and kitchen items.

Trend 2

Competitive Landscape

The market is highly fragmented with many small appliance makers who sell their products in the domestic markets. International players do pose tougher competition to the existing players and thus give immense scope for further product development and innovation. A few of the key players in the market include LG Electronics, Whirlpool, Samsung, Panasonic Corporation among many other actively functioning companies across the various parts of the country.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

    1. 2.1 Analysis Methodology

    2. 2.2 Research Phases

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS AND INSIGHTS

    1. 4.1 Current Market Scenario

    2. 4.2 Market Dynamics

      1. 4.2.1 Drivers

      2. 4.2.2 Restraints

      3. 4.2.3 Opportunities

    3. 4.3 Industry Attractiveness - Porter's Five Forces Analysis

    4. 4.4 Value Chain / Supply Chain Analysis

    5. 4.5 Industry Policies and Regulations

    6. 4.6 Insights on the Differences in the Consumption Patterns of Electrical Vs. Traditional Kitchen Appliances

    7. 4.7 Technological Integration in the Usage of Kitchen Appliances

    8. 4.8 Advertising Strategies Implemented by the Market Players

    9. 4.9 Insights on the Innovative Strategies in the Distribution of Kitchen Appliances

  5. 5. MARKET SEGMENTATION

    1. 5.1 BY Product type

      1. 5.1.1 Food Processing

      2. 5.1.2 Small Kitchen

      3. 5.1.3 Large Kitchen

      4. 5.1.4 Others

    2. 5.2 By Channel

      1. 5.2.1 Offline - Traditional

      2. 5.2.2 Online

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Market Concentration Overview

    2. 6.2 Company Profiles

      1. 6.2.1 LG Electronics

      2. 6.2.2 Panasonic Corporation

      3. 6.2.3 Electrolux

      4. 6.2.4 Samsung Electronics

      5. 6.2.5 Whirlpool

      6. 6.2.6 Mabe

      7. 6.2.7 Tetakawi

  7. 7. INVESTMENT ANALYSIS

    1. 7.1 Recent Mergers and Acquisitions

  8. 8. FUTURE OF MEXICAN KITCHEN APPLIANCES PRODUCTS MARKET

  9. 9. DISCLAIMER

**Subject to Availability

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Frequently Asked Questions

The Mexico Kitchen Appliances Market market is studied from 2016 - 2026.

The Mexico Kitchen Appliances Market is growing at a CAGR of >2% over the next 5 years.

LG Electronics, Panasonic Mexico, Electrolux Mexico, Samsung Mexico are the major companies operating in Mexico Kitchen Appliances Market.

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