Mexico Laundry Appliances Market Size (2024 - 2029)

Mexico Laundry Appliances Market Analysis

The Mexico Laundry Appliances Market size is estimated at USD 1.53 billion in 2024, and is expected to reach USD 1.68 billion by 2029, growing at a CAGR of greater than 2% during the forecast period (2024-2029).

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.

The post-COVID scenario of the Mexico laundry appliances market has seen a significant increase in demand as people prioritize cleanliness and hygiene. With more time spent at home, the demand for washing machines and dryers has risen. Additionally, there's a growing preference for smart and energy-efficient appliances.

Mexico Laundry Appliances Industry Segmentation

Laundry appliances include traditional washing machines, as well as washer-dryer sets and portable machines. 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. Mexico laundry appliances is segmented by type which includes freestanding laundry appliances, built-in laundry appliances, by product includes washing machine, dryers, electric smoothing irons, others, by technology includes automatic, semi-automatic/manual, others) and by distribution channel includes supermarkets and hypermarkets, specialty stores, online and other distribution channels. The report offers market size and forecasts for the Mexico laundry appliances market in terms of revenue (USD) for all the above segments.