Mexico Laundry Appliances Market Size & Share Analysis - Industry Research Report

Mexico Laundry Appliances Market Size

Study Period	2019 - 2028
Base Year For Estimation	2021
Forecast Data Period	2024 - 2028
Historical Data Period	2019 - 2020
CAGR	> 2.00 %
Major Players *Disclaimer: Major Players sorted in no particular order

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Mexico Laundry Appliances Market Analysis

The demand for appliances is considered cyclical in nature. Mexico is one of the major appliances suppliers in the South America region. Energy-efficient and sustainable appliances are expected to drive the demand for laundry appliances in the market. Thriving steel and iron industry are also expected to positively influence the market. As more and more households are using energy households it is essential for households to measure differences in energy consumption levels where appliances play a central role.

Laundry appliances are used for cleaning textiles and other works related to textiles. Smart washing machines and dryers that are connected to the internet, mobile appliances, and devices are gaining preference among consumers. Increased use of IoT and connected appliances are going to positively influence the smart washing machine appliances. Multifunctional appliances such as machines that can perform two functions at the same time are also offered by players such as the launch of the Twin wash brand by LG in the market.

Mexico Laundry Appliances Market Trends

This section covers the major market trends shaping the Mexico Laundry Appliances Market according to our research experts:

Increase in Imports of Washing Machines in Mexico

Washing machines are essential appliances and are one of the major appliances categories that are being used for people around the globe for washing and drying clothes. Varieties of washing machines are sold in Mexico's market with different capacities, functioning, drying, water system light, and detergent control among other attributes. Prices in the market have become a function of the brand, model, and place of purchase.

There is a rise in imports of the washing machine in Mexico over the years due to the rising necessity of keeping clothes clean and free of odor, bacteria. Imports in the year 2019 rose by 1.9% year-on-year. China, the United States, and Vietnam are the major importers of the washing machines to Mexico with China having 40.4%, United States 19.6%, and Vietnam with a 12.5% market share.

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Growth of Residential Laundry Appliances in Mexico

The residential sector is witnessing moe demand of the laundry appliances in Mexico's market. Due to hectic lifestyles, consumers want to save on the time spent on washing and taking care of clothes and appliances. Young people who share their homes and dual-income family members who have a busier lifestyle are leading to the growth of residential laundry appliances in the market. Most of the time is spent by them in commuting, exercising, and working, hence to take care of laundry they require appliances that are expected to keep the demand for laundry appliances in the market. Dryers have lower penetration as compared to washing machines which can represent an opportunity for players in the market. However, growing laundry services and dry cleaning are increasing competition for residential sector appliances.

Mexico Laundry Appliances Industry Overview

Mexico's laundry appliances are competitive in nature with global and regional players in the market. Mabe is one of the dominant players in the market in terms of production and holds a large share in the market, the company has acquired several other companies in the market. Various players are focusing on the launch of the new products in the market that reduces consumer washing time. Manufacturers are investing in Smart washing machine technologies to gain a competitive share of the market.

Mexico Laundry Appliances Market Leaders

Mabe, SA de CV Av.
LG Electronics
Maytag
Samsung
AB Electrolux
Koblenz Eléctrica, S.A. de C.V

*Disclaimer: Major Players sorted in no particular order

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Mexico Laundry Appliances Market Report - Table of Contents

1. INTRODUCTION
1. 1.1 Study Deliverables
2. 1.2 Study Assumptions
3. 1.3 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET INSIGHTS AND DYNAMICS
1. 4.1 Market Overview
2. 4.2 Market Dynamics
  1. 4.2.1 Drivers
  2. 4.2.2 Restraints / Challenges
  3. 4.2.3 Opportunities
3. 4.3 Porter's Five Forces Analysis
  1. 4.3.1 Threat of New Entrants
  2. 4.3.2 Bargaining Power of Buyers/Consumers
  3. 4.3.3 Bargaining Power of Suppliers
  4. 4.3.4 Threat of Substitute Products
  5. 4.3.5 Intensity of Competitive Rivalry
4. 4.4 Insights on Impact of COVID-19 on the Market
5. 4.5 Insights on Technological Innovations in the Market
6. 4.6 Insights on Government Regulation in the Market
5. MARKET SEGMENTATION
1. 5.1 By Type
  1. 5.1.1 Freestanding Laundry Appliances
  2. 5.1.2 Built-in Laundry Applinaces
2. 5.2 By Product
  1. 5.2.1 Washing Machine
  2. 5.2.2 Dryers
  3. 5.2.3 Electric Smoothing Irons
  4. 5.2.4 Others
3. 5.3 By Technology
  1. 5.3.1 Automatic
  2. 5.3.2 Semi-Automatic/ Manual
  3. 5.3.3 Others
4. 5.4 By Distribution Channel
  1. 5.4.1 Supermarkets and Hypermarkets
  2. 5.4.2 Specialty Stores
  3. 5.4.3 Online
  4. 5.4.4 Other Distribution Channels
6. COMPETITIVE LANDSCAPE
1. 6.1 Market Concentration Overview
2. 6.2 Company Profiles
  1. 6.2.1 Mabe, SA de CV Av.
  2. 6.2.2 LG Electronics
  3. 6.2.3 Maytag
  4. 6.2.4 Samsung
  5. 6.2.5 Whirlpool Mexico S.A. De C.v.
  6. 6.2.6 Samsung Sdi Mexico SA De Cv
  7. 6.2.7 AB Electrolux
  8. 6.2.8 Koblenz Electrica, S.A. de C.V
  9. 6.2.9 Panasonic de Mexico S.A. de C.V.
  10. 6.2.10 BSH Hausgerate GmbH
  11. 6.2.11 Maytag
3. *List Not Exhaustive
7. FUTURE OF THE MARKET AND OPPORTUNITIES
8. APPENDIX
9. DISCLAIMER

**Subject to Availability

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Mexico Laundry Appliances Industry Segmentation

A complete background analysis of the Mexico Laundry 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. Company profiles of major players in the market are also covered in the report.

By Type
		Freestanding Laundry Appliances
		Built-in Laundry Applinaces

By Product
		Washing Machine
		Dryers
		Electric Smoothing Irons
		Others

By Technology
		Automatic
		Semi-Automatic/ Manual
		Others

By Distribution Channel
		Supermarkets and Hypermarkets
		Specialty Stores
		Online
		Other Distribution Channels

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Mexico Laundry Appliances Market Research FAQs

What is the current Mexico Laundry Appliances Market size?

The Mexico Laundry Appliances Market is projected to register a CAGR of greater than 2% during the forecast period (2023-2028).

Who are the key players in Mexico Laundry Appliances Market?

Mabe, SA de CV Av., LG Electronics, Maytag, Samsung, AB Electrolux and Koblenz Eléctrica, S.A. de C.V are the major companies operating in the Mexico Laundry Appliances Market.

Mexico Laundry Appliances Industry Report

Statistics for the 2023 Mexico Laundry Appliances market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Mexico Laundry Appliances analysis includes a market forecast outlook to 2028 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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Mexico Laundry Appliances Market Size & Share Analysis - Growth Trends & Forecasts (2023 - 2028)