Report cover image

Mexico Major Home Appliance Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

Publisher Mordor Intelligence Inc
Published Jan 17, 2022
Length 120 Pages
SKU # MOI16964732

Description

Mexico Major Home Appliance Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

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.

Key Market TrendsRefrigerators 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.

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.

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.

Additional Benefits:
  • The market estimate (ME) sheet in Excel format
  • 3 months of analyst support
Companies Mentioned
 
LG Electronics
Panasonic de Mexico S.A. de C.V.
Fischer E Paykel Appliances Inc.
Mabe, S.A. de C.V. Av
AB Electrolux
Panasonic Corporation
BSH Hausgerate GmbH
Diehl Controls
Mabe
Daewoo Electronics Mexico
Grupo HB PS
Others(Amana Refrigeration, Inc., Danby)

Please note: This publisher does offer titles that are created upon receipt of order. If you are purchasing a PDF Email Delivery option above, the report will take approximately 2 business days to prepare and deliver.

Table of Contents

120 Pages
1 INTRODUCTION
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET INSIGHTS
4.1 Market Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Value Chain Analysis
4.4 Porter's Five Forces Analysis
4.5 Impact of Covid- 19 on The Market
4.6 Government Regulations and Initiatives
4.7 Technology Innovations in the Industry
5 MARKET SEGMENTATION
5.1 By Product
5.1.1 Refrigerators
5.1.2 Freezers
5.1.3 Dishwashing Machines
5.1.4 Washing Machines
5.1.5 Ranges, Ovens and Cooktops
5.1.6 Others
5.2 By Distribution Channel
5.2.1 Mass Merchaniser
5.2.2 Specialty Stores
5.2.3 Online
5.2.4 Others
6 COMPETITIVE LANDSCAPE
6.1 Market Concentration Overview
6.2 Company Profiles
6.2.1 LG Electronics
6.2.2 Panasonic de Mexico S.A. de C.V.
6.2.3 Fischer E Paykel Appliances Inc.
6.2.4 Mabe, S.A. de C.V. Av
6.2.5 AB Electrolux
6.2.6 Panasonic Corporation
6.2.7 BSH Hausgerate GmbH
6.2.8 Diehl Controls
6.2.9 Mabe
6.2.10 Daewoo Electronics Mexico
6.2.11 Grupo HB PS
6.2.12 Others(Amana Refrigeration, Inc., Danby)
7 FUTURE OF THE MARKET
8 DISCLAIMER
9 ABOUT US

Pricing

Currency Rates
How Do Licenses Work?

How Do Licenses Work?

The primary function of a report license is to define how many people within a company are authorized to use the purchased report. This is separate to how a report might be delivered. Unless specifically identified otherwise, the purchase option is Single User. Below is a helpful description of that license, along with a sampling of others most commonly offered.

  • This license allows only one user to have access to and to use/read the report. It is not one user at a time or one user group; it is an individual who will be reading and utilizing the report.

  • This license allows for the entire purchasing company to read and use the report. This is the license level that would allow for a report to be placed on an internal company shared drive for access by all employees of that direct company. This license does not extend to parent or sister company use.

  • This license is designed to allow an entire department within a company full access to a report. The departmental license is a great option for companies that have more than one location and the department is spread out all over the country/world

  • This license is for companies that have one location where they want the report to be accessible by all employees within that physical location.

  • This is the most flexible of the licensing options. Some publishers will allow you to get a license for a preset number of people (typically 5). These licenses are ideal for small work groups.

License options are at the discretion of each publisher. As such, not all licenses indicated above are available for every product. If you are uncertain of the best license for your needs or would like a license that is not proactively available, please contact us and we will be happy to assist.

Head shot

Questions or Comments?

Our team has the ability to search within reports to verify it suits your needs. We can also help maximize your budget by finding sections of reports you can purchase.
Chat Now
Contact Us