Mexico Major Home Appliance Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

Mexico Major home appliance market is segmented by Product (Refrigerators, Freezers, Dishwashing Machines, Washing Machines, Ranges, Ovens & Cooktops, and Others) and by Distribution Chanel (Departmental Stores, Specialty Stores, Online and Others).

Market Snapshot

Mexico Major Home Appliance Market
Study Period: 2016 - 2026
Base Year: 2020
CAGR: >2.5 %

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Market Overview

Mexico is one of the major suppliers of home appliances among the Latin American nations. The appliance manufacturing in the Mexico market is thriving with rising demand for appliances. The thriving manufacturing sector has led to growth in the production of home appliances in the country.

The volume sales of major appliances in Mexico in 2019 was moderately higher than the other appliances. The large home appliances market in Mexico is mainly driven by an increase in disposable income, rapid urbanization, innovations in the brands, differing preferences of consumers, marketing, and advertising across companies.

The consumers in the market are searching for products that make their life easy and daily activities easier such as cooking, cleaning, and laundry tasks. The online channel of distribution currently has demand for appliances due to COVID -19 impact and is seeing an increase in sales in the market. Smart large appliances are driven by growth in increasing smart homes in the country along with rising internet users. Sustainable and eco-friendly appliances are preferred by consumers due to the rising awareness about environmental effects and costs associated with it.

Scope of the Report

A complete background analysis of the Mexico Major Home Appliances Market, 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
Refrigerators
Freezers
Dishwashing Machines
Washing Machines
Ranges, Ovens and Cooktops
Others
By Distribution Channel
Mass Merchaniser
Specialty Stores
Online
Others

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Key Market Trends

Refrigerators are one of the most widely used Home Appliances in Mexico

Refrigerators are essential large appliances for homes in Mexico. Household refrigeration based on vapor compression technology is majorly used in the homes in Mexico. 80% of homes in Mexico own at least one refrigerator. The emerging middle class and purchasing power are expected to lead the growth in both basic and premium category refrigerators. The most preferred style of refrigerator includes French door styled refrigerators. LG Electronics (LG) has unveiled the latest lineup of Linear Top-Freezer refrigerators in the market.

Mexico Major Home Appliance Market 1

Urbanisation in Mexico id Driving the Demand Luxury Appliances

Mexico has emerged as Latin America's luxury appliances market. Mexico has a majority of the population between 15 and 64 years of age group. Mexico's young affluent and middle-class population is

The rising population of Mexico and the increase in the urban population increased the demand for major appliances such as refrigerators, washing machines, fridges. The urbanization of the population is also expected to increase the sale of smart major appliances including high-end appliances.

Mexico Major Home Appliance Market 2

Competitive Landscape

The Mexican major home appliance industry is moderately consolidated and has a large number of local and regional players. Government partnerships and high skilled labor boost the competitiveness of companies manufacturing large appliances in Mexico. Mexico has a high pool of skilled labor who are willing to work in the manufacturing sector providing a cost advantage to 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

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET INSIGHTS

    1. 4.1 Market Overview

    2. 4.2 Market Dynamics

      1. 4.2.1 Drivers

      2. 4.2.2 Restraints

      3. 4.2.3 Opportunities

    3. 4.3 Value Chain Analysis

    4. 4.4 Porter's Five Forces Analysis

    5. 4.5 Impact of Covid- 19 on The Market

    6. 4.6 Government Regulations and Initiatives

    7. 4.7 Technology Innovations in the Industry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Product

      1. 5.1.1 Refrigerators

      2. 5.1.2 Freezers

      3. 5.1.3 Dishwashing Machines

      4. 5.1.4 Washing Machines

      5. 5.1.5 Ranges, Ovens and Cooktops

      6. 5.1.6 Others

    2. 5.2 By Distribution Channel

      1. 5.2.1 Mass Merchaniser

      2. 5.2.2 Specialty Stores

      3. 5.2.3 Online

      4. 5.2.4 Others

  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 de Mexico S.A. de C.V.

      3. 6.2.3 Fischer E Paykel Appliances Inc.

      4. 6.2.4 Mabe, S.A. de C.V. Av

      5. 6.2.5 AB Electrolux

      6. 6.2.6 Panasonic Corporation

      7. 6.2.7 BSH Hausgerate GmbH

      8. 6.2.8 Diehl Controls

      9. 6.2.9 Mabe

      10. 6.2.10 Daewoo Electronics Mexico

      11. 6.2.11 Grupo HB PS

      12. 6.2.12 Others(Amana Refrigeration, Inc., Danby)

    3. *List Not Exhaustive
  7. 7. FUTURE OF THE MARKET

  8. 8. DISCLAIMER

  9. 9. ABOUT US

**Subject to Availability

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Frequently Asked Questions

The Mexico Major Home Appliance Market market is studied from 2016 - 2026.

The Mexico Major Home Appliance Market is growing at a CAGR of >2.5% over the next 5 years.

LG Electronics, Panasonic de México S.A. de C.V., Fisher & Paykel, Mabe, S.A. de C.V. Av, AB Electrolux are the major companies operating in Mexico Major Home Appliance Market.

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