Market Size of Mexico Small Home Appliances Industry
| Study Period | 2019 - 2028 |
| Base Year For Estimation | 2021 |
| Forecast Data Period | 2024 - 2028 |
| Historical Data Period | 2019 - 2020 |
| CAGR | > 3.00 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Mexico Small Home Appliances Market Analysis
Healthy food eating habits and lifestyle changes in Mexico are making small home appliances grow in the past few years. Growth in the market is driven by rising purchasing power, middle-income households, and rising demand for robotic vacuum cleaners and small kitchen appliances. Sales through the wholesale channel of distribution are leading to growth in the market. Walmart de Mexico, Costco de Mexico, El Puerto de Liverpool SAB de CV, El Palacio de Hierro, Sanborns de Mexico SAB de CV, and Sears Roebuck de México are some of the major online retail channels in Mexico.The smart appliances segment of small appliances is also eventually driving the growth of the market through an increase in the number of smart homes. Brands such as Hamilton Beach and Proctor-Silex, present in the market has a good distribution network.Mexican have coffee cultures and thus there is a rise in the consumption of coffee and coffee makers in the market. Coffee is consumed by many people to wake up in the morning, as a digestive after meals and sometimes during the afternoon as a refreshing drink during a relaxing moment. Small domestic appliances that are connected with the internet and systems are gaining traction in the market.
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 small home appliances due to COVID -19 impact and is seeing an increase in sales in the market. The Covid 19 pandemic has changed buyers' and consumers' behaviors worldwide. As people have been forced to spend more time at home due to home office, digital classes, and lockdown measures, they started to use their kitchens more frequently. Often, households noticed a lack of or the need to renew home appliances, which was very beneficial for electro domestic manufacturers and their providers. Small home 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.
