Market Size of Mexico Kitchen Appliances Industry
![Mexico Kitchen Appliances Market Summary](https://s3.mordorintelligence.com/mexico-kitchen-appliances-products-market-industry/1677311582422_mexico-kitchen-appliances-products-market-industry_Market_Summary.webp)
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2019 - 2022 |
CAGR | > 3.00 % |
Market Concentration | Medium |
Major Players![]() *Disclaimer: Major Players sorted in no particular order |
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Mexico Kitchen Appliances Products Market Analysis
Mexico's Kitchen Appliances Market has generated a revenue of USD 11 billion in the current year and is expected to register a CAGR of 3% for the forecast period. Most domestic appliances are large machines usually used in bedrooms, bathrooms, halls, and the kitchen. The appliances which are used in a kitchen accomplish some routine housekeeping tasks such as cooking, food preservation, and cleaning. Household appliances have a significant role in the stylish appearance of any home decor. Industrialization has ushered in a dramatic and uneven transformation in world society. It has altered the technological pattern and work processes of preindustrial life. This socio-technological revolution has changed the domestic ways and means of dealing with food provision, clothing, cleaning, and medical care.
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.
The COVID-19 pandemic changed buyers' and consumers' behaviors worldwide. People were forced to spend more time at home due to home office, digital classes, and lockdown measures, so they used 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.
Mexico Kitchen Appliances Products Industry Segmentation
Kitchen Appliances means appliances generally found in consumers' kitchens, such as refrigerators, stoves, dishwashers, washing machines, tumble dryers, and microwave ovens. 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 a market overview, is covered in the report. Mexico's 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, and other distribution channels). The report offers market size and forecasts for the Mexico Kitchen Appliances Market in value (USD Million) for all the above segments.
BY Product type | |
Food Preparation Appliances | |
Small Cooking Appliances | |
Large Kitchen Appliances | |
Other Kitchen Appliances |
By Channel | |
Offline - Traditional | |
Online |
Mexico Kitchen Appliances Market Size Summary
The kitchen appliances market in Mexico is experiencing notable growth, driven by an increasing awareness among consumers about healthy eating habits. This shift in consumer behavior is influencing the demand for appliances that facilitate healthier cooking and food preservation. The market is characterized by a mix of large and small appliances, with the latter gaining popularity due to their convenience and user-friendliness. The COVID-19 pandemic has further accelerated this trend, as more people spent time at home, leading to a heightened need for kitchen appliances. The market is highly fragmented, with numerous domestic and international players competing for market share, including prominent companies like LG Electronics, Whirlpool, Samsung, Panasonic Corporation, and Electrolux.
The distribution channels for kitchen appliances in Mexico are diverse, with hypermarkets and variety stores being the most significant, although online shopping is rapidly gaining traction. The nearshoring phenomenon is also contributing to the market's expansion, as it boosts local manufacturing and investment in appliance production. This has led to increased production of various household appliances, including washing machines, air conditioners, and refrigerators. The market's competitive landscape is marked by the presence of both small domestic manufacturers and larger international companies, fostering an environment of innovation and product development.
Mexico Kitchen Appliances Market Size - Table of Contents
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1. MARKET DYNAMICS AND INSIGHTS
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1.1 Market Overview
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1.2 Market Drivers
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1.3 Market Restraints
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1.4 Insights on Various Regulatory Trends Shaping the Market
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1.5 Insights on impact of technology in the Market
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1.6 Industry Attractiveness - Porters' Five Forces Analysis
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1.6.1 Threat of New Entrants
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1.6.2 Bargaining Power of Buyers
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1.6.3 Bargaining Power of Suppliers
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1.6.4 Threat of Substitutes
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1.6.5 Intensity of Competitive Rivalry
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1.7 Impact of COVID-19 on the Market
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2. MARKET SEGMENTATION
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2.1 BY Product type
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2.1.1 Food Preparation Appliances
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2.1.2 Small Cooking Appliances
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2.1.3 Large Kitchen Appliances
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2.1.4 Other Kitchen Appliances
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2.2 By Channel
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2.2.1 Offline - Traditional
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2.2.2 Online
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Mexico Kitchen Appliances Market Size FAQs
What is the current Mexico Kitchen Appliances Market size?
The Mexico Kitchen Appliances Market is projected to register a CAGR of greater than 3% during the forecast period (2024-2029)
Who are the key players in Mexico Kitchen Appliances Market?
LG Electronics, Panasonic Mexico, Electrolux Mexico, Samsung Mexico and Whirlpool are the major companies operating in the Mexico Kitchen Appliances Market.