Mexico White Goods Market Report and Forecast 2023-2028
Market Report I 2023-09-20 I 97 Pages I EMR Inc.
Mexico White Goods Market Report and Forecast 2023-2028
Market Outlook
According to the report by Expert Market Research (EMR), the Mexico white goods market is projected to grow at a CAGR of 3.8% between 2023 and 2028. Aided by the increasing urbanisation, the growth in housing infrastructure, and a rising middle-class population with elevated purchasing power, the market is expected to grow significantly by 2028.
White goods refer to large household electrical appliances such as refrigerators, washing machines, dishwashers, air conditioners, and stoves. They play an integral role in modernising homes and improving the convenience and comfort of daily life. Characterised by their white or stainless-steel finish, these durable goods are essential utilities in today's fast-paced, convenience-driven society.
As per the Mexico white goods market analysis, the country, with its robust industrial growth and escalating urban development, has witnessed a significant uptick in the demand for white goods. As cities expand and households enjoy increased disposable income, the desire for enhanced living standards and the adoption of technologically advanced products have propelled the white goods market forward.
One driving force behind the surge in Mexico white goods market demand is the country's thriving real estate sector. With a rise in residential projects, both in the form of independent houses and apartments, the need for white goods to equip these new homes has grown manifold. New homeowners, many of whom are millennials, prefer homes that are well-equipped with modern appliances, ensuring a steady demand.
Furthermore, technological advancements in white goods are playing a pivotal role in Mexico white goods market growth. Smart appliances, embedded with the Internet of Things (IoT), offer advanced features like remote control through smartphones, energy efficiency, and self-diagnosis. This integration of technology resonates well with the tech-savvy Mexican population, further propelling the demand.
The easy availability of consumer financing options in Mexico has also contributed significantly. Many financial institutions now offer attractive EMI schemes and credit facilities, making it more feasible for consumers to purchase high-end white goods without feeling the financial strain.
Additionally, Mexico's strategic location and its participation in the North American Free Trade Agreement (NAFTA) have made it an attractive hub for white goods manufacturers and further add value to the Mexico white goods market size.
Market Segmentation
The market can be divided based on product, end use, distribution channel, and region.
Market Breakup by Product
- Air Conditioner
o Window AC
o Split AC
- Refrigerator
o Single Door
o Double Door
o Side by Side
o Others
- Washing Machine
o Fully Automatic
o Semi-Automatic
- Dishwasher
o Built-in Dishwashers
o Portable Dishwashers
- Microwave Oven
o Convection
o Solo
o Grill
- Others
Market Breakup by End use
- Residential
- Commercial
Market Breakup by Distribution Channel
- Hypermarkets and Supermarkets
- Electronic Stores
- Online
- Others
Market Breakup by Region
- Baja California
- Northern Mexico
- The Bajio
- Central Mexico
- Pacific Coast
- Yucatan Peninsula
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the Mexico white goods market. Some of the major players explored in the report by Expert Market Research are as follows:
- Mabe, S.A. de C.V.
- Whirlpool Mexico
- Electrolux Comercial, SA de CV
- Samsung Electronics Mexico
- Robert Bosch Mexico
- LG Mexico
- Carrier Mexico S.A. de C.V.
- Daikin Mexico
- Hamilton Beach Brands, Inc.
- Others
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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.
1 Preface
2 Report Coverage - Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Mexico White Goods Market Overview
8.1 Key Industry Highlights
8.2 Mexico White Goods Historical Market (2018-2022)
8.3 Mexico White Goods Market Forecast (2023-2028)
9 Mexico White Goods Market by Product
9.1 Air Conditioner
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.1.3 Breakup by Type
9.1.3.1 Window AC
9.1.3.2 Split AC
9.2 Refrigerator
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
9.2.3 Breakup by Type
9.2.3.1 Single Door
9.2.3.2 Double Door
9.2.3.3 Side by Side
9.2.3.4 Others
9.3 Washing Machine
9.3.1 Historical Trend (2018-2022)
9.3.2 Forecast Trend (2023-2028)
9.3.3 Breakup by Type
9.3.3.1 Fully Automatic
9.3.3.2 Semi-Automatic
9.4 Dishwasher
9.4.1 Historical Trend (2018-2022)
9.4.2 Forecast Trend (2023-2028)
9.4.3 Breakup by Type
9.4.3.1 Built-in Dishwashers
9.4.3.2 Portable Dishwashers
9.5 Microwave Oven
9.5.1 Historical Trend (2018-2022)
9.5.2 Forecast Trend (2023-2028)
9.5.3 Breakup by Type
9.5.3.1 Convection
9.5.3.2 Solo
9.5.3.3 Grill
9.6 Others
10 Mexico White Goods Market by End Use
10.1 Residential
10.1.1 Historical Trend (2018-2022)
10.1.2 Forecast Trend (2023-2028)
10.2 Commercial
10.2.1 Historical Trend (2018-2022)
10.2.2 Forecast Trend (2023-2028)
11 Mexico White Goods Market by Distribution Channel
11.1 Hypermarkets and Supermarkets
11.1.1 Historical Trend (2018-2022)
11.1.2 Forecast Trend (2023-2028)
11.2 Electronic Stores
11.2.1 Historical Trend (2018-2022)
11.2.2 Forecast Trend (2023-2028)
11.3 Online
11.3.1 Historical Trend (2018-2022)
11.3.2 Forecast Trend (2023-2028)
11.4 Others
12 Mexico White Goods Market by Region
12.1 Baja California
12.1.1 Historical Trend (2018-2022)
12.1.2 Forecast Trend (2023-2028)
12.2 Northern Mexico
12.2.1 Historical Trend (2018-2022)
12.2.2 Forecast Trend (2023-2028)
12.3 The Bajio
12.3.1 Historical Trend (2018-2022)
12.3.2 Forecast Trend (2023-2028)
12.4 Central Mexico
12.4.1 Historical Trend (2018-2022)
12.4.2 Forecast Trend (2023-2028)
12.5 Pacific Coast
12.5.1 Historical Trend (2018-2022)
12.5.2 Forecast Trend (2023-2028)
12.6 Yucatan Peninsula
12.6.1 Historical Trend (2018-2022)
12.6.2 Forecast Trend (2023-2028)
13 Market Dynamics
13.1 SWOT Analysis
13.1.1 Strengths
13.1.2 Weaknesses
13.1.3 Opportunities
13.1.4 Threats
13.2 Porter's Five Forces Analysis
13.2.1 Supplier's Power
13.2.2 Buyers Powers
13.2.3 Threat of New Entrants
13.2.4 Degree of Rivalry
13.2.5 Threat of Substitutes
13.3 Key Indicators for Demand
13.4 Key Indicators for Price
14 Competitive Landscape
14.1 Market Structure
14.2 Company Profiles
14.2.1 Mabe, S.A. de C.V.
14.2.1.1 Company Overview
14.2.1.2 Product Portfolio
14.2.1.3 Demographic Reach and Achievements
14.2.1.4 Certifications
14.2.2 Whirlpool Mexico
14.2.2.1 Company Overview
14.2.2.2 Product Portfolio
14.2.2.3 Demographic Reach and Achievements
14.2.2.4 Certifications
14.2.3 Electrolux Comercial, SA de CV
14.2.3.1 Company Overview
14.2.3.2 Product Portfolio
14.2.3.3 Demographic Reach and Achievements
14.2.3.4 Certifications
14.2.4 Samsung Electronics Mexico
14.2.4.1 Company Overview
14.2.4.2 Product Portfolio
14.2.4.3 Demographic Reach and Achievements
14.2.4.4 Certifications
14.2.5 Robert Bosch Mexico
14.2.5.1 Company Overview
14.2.5.2 Product Portfolio
14.2.5.3 Demographic Reach and Achievements
14.2.5.4 Certifications
14.2.6 LG Mexico
14.2.6.1 Company Overview
14.2.6.2 Product Portfolio
14.2.6.3 Demographic Reach and Achievements
14.2.6.4 Certifications
14.2.7 Carrier Mexico S.A. de C.V.
14.2.7.1 Company Overview
14.2.7.2 Product Portfolio
14.2.7.3 Demographic Reach and Achievements
14.2.7.4 Certifications
14.2.8 Daikin Mexico
14.2.8.1 Company Overview
14.2.8.2 Product Portfolio
14.2.8.3 Demographic Reach and Achievements
14.2.8.4 Certifications
14.2.9 Hamilton Beach Brands, Inc.
14.2.9.1 Company Overview
14.2.9.2 Product Portfolio
14.2.9.3 Demographic Reach and Achievements
14.2.9.4 Certifications
14.2.10 Others
15 Key Trends and Developments in the Market
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