Mexico Washing Machine Market Outlook (2022-2028) | Analysis, Forecast, Growth, Size, Trends, Industry, Value, Share, Companies, Revenue & COVID-19 IMPACT
Market Forecast By Types (Twin Tub Washer and Spinner, Single Tub Washer, Single Tub Spinner, Single Tub Fully Automatic), By Distribution Channels (Offline, Online), By Applications (Residential, Commercial), By Applications (Northern, Central, Southern) And Competitive Landscape
| Product Code: ETC101302 | Publication Date: Mar 2022 | Updated Date: May 2024 | Product Type: Report | |
| Publisher: 6Wresearch | No. of Pages: 109 | No. of Figures: 38 | No. of Tables: 18 | |
Mexico Washing Machine Market Competition 2023
Mexico Washing Machine market currently, in 2023, has witnessed an HHI of 5173, Which has increased slightly as compared to the HHI of 2617 in 2017. The market is moving towards concentrated. Herfindahl index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means fewer numbers of players or countries exporting in the market.
Mexico Export Potential Assessment For Washing Machine Market (Values in USD Thousand)
Mexico Washing Machine Market report thoroughly covers the washing machine market by types, distribution channels, applications, and regions. The report provides an unbiased and detailed analysis of the on-going Mexico washing machine market trends, opportunities, high growth areas, market drivers, and market revenue share ranking by companies, which would help stakeholders to devise and align market strategies according to the current and future market dynamics.
Mexico Washing Machine Market Synopsis
Mexico washing machine market witnessed steady growth in the previous few years on account of countryโs rapidly growing urban population and expansion of real estate and hospitality sectors. The market initially experienced growth in the year 2020 on account of the COVID-19 pandemic outburst, which created fear among the people regarding spread of infection and resulted in increased wash frequencies. However, the market eventually declined as manufacturing operations were halted and disruptions in supply chain and international trade limited production.ย
According to 6Wresearch, Mexico Washing Machine Market revenue size is projected to grow at a CAGR of 7.7% during 2022-2028. Mexico washing machine market is likely to experience a significant growth during the forecast period on account of rising middle-class population and ongoing construction of new housing development and hotel projects. Additionally, the country has a robust textile and clothing industry and rising fast fashion trend is leading to growing demand for clothes which is further propelling the usage of washing machines in households.
Market by Types Analysis
By types, Single tub fully automatic dominated the Mexico washing machine market for the year 2021 and the same trend is expected to continue in the future years on account of growing working-class population in the country and people with dual income households facing lack of time. Furthermore, increasing inclination of people towards automated chores to eliminate physical effort and product features including its ability to wash bulk laundry efficiently is expected to drive the market positively during the forecast period.
Market by Region Analysis
By regions, Central region garnered the majority revenue share for the year 2021 as the region accounts for almost half of the countryโs population with highest number of inhabitants residing at Mexico City. New real estate and hospitality developments in states of Guadalajara, Queretaro and others in the central region are expected to generate demand for washing machines in the forthcoming years.
Key Attractiveness of the Report
- COVID-19 Impact on the Market.
- 10 Years Market Numbers.
- Historical Data Starting from 2018 to 2021.
- Base Year: 2021
- Forecast Data until 2028.
- Key Performance Indicators Impacting the Market.
- Major Upcoming Developments and Projects.
Key Highlights of the Report:
- Mexico Washing Machine Market Overview
- Mexico Washing Machine Market Outlook
- Mexico Washing Machine Market Forecast
- Historical Data and Forecast of Mexico Washing Machine Market Revenues and Volume, for the Period 2018-2028F
- Historical Data and Forecast of Mexico Washing Machine Market Revenues and Volume, By Types, for the Period 2018-2028F
- Historical Data and Forecast of Mexico Washing Machine Market Revenues, By Distribution Channels, for the Period 2018-2028F
- Historical Data and Forecast of Mexico Washing Machine Market Revenues, By Applications, for the Period 2018-2028F
- Historical Data and Forecast of Mexico Washing Machine Market Revenues, By Regions, for the Period 2018-2028F
- Mexico Washing Machine Market Revenue Ranking, By Companies
- Mexico Washing Machine Market Consumer Analysis
- Covid-19 Impact on Mexico Washing Machine Market
- Mexico Washing Machine Market Drivers and Restraints
- Mexico Washing Machine Market Trends
- Mexico Washing Machine Market Porters Five Forces
- Mexico Washing Machine Market Opportunity Assessment
- Competitive Benchmarking
- Company Profiles
- Key Strategic Recommendations
Market Scope and Segmentation
The report provides a detailed analysis of the following market segments:
- By Types
- Twin Tub Washer and Spinner
- Single Tub Washer
- Single Tub Spinner
- Single Tub Fully Automatic
- By Distribution Channels
- Offline
- Online
- By Applications
- Residential
- Commercial
- By Regions
- Northern
- Central
- Southern
Mexico Washing Machine Market: FAQs
The report not only has considered COVID-19 impact but also current market dynamics, trends and KPIs into consideration.
Mexico Washing Machine Market revenue is anticipated to record a CAGR of 7.7% during 2022-28.
The segment, single tub fully automatic has dominated the market revenues led by usage across the product type segments.
Single tub fully automatic would record key growth during the forecast period 2022-28.
The key players of the market include- Mabe, Whirlpool Corporation and Samsung Electronics Co., Ltd.
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1.ย Executiveย Summary |
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2.ย Introduction |
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2.1ย Report Description |
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2.2ย Key Highlights of the Report |
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2.3 Market Scope and Segmentation |
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2.4ย Research Methodology |
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2.5ย Assumptions |
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3. Mexico Washing Machine Market Overview |
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3.1ย Mexico Washing Machine Market Revenues and Volume (2018-2028F) |
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3.2 Mexico Washing Machine Market Industry Life Cycle |
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3.3 Mexico Washing Machine Market Porterโs Five Forces Model |
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3.4 Mexico Washing Machine Revenue and Volume Share, By Types (2021 & 2028F) |
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3.5ย Mexico Washing Machine Market Revenue Share, By Distribution Channels (2021 & 2028F) |
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3.6ย Mexico Washing Machine Market Revenue Share, By Applications (2021 & 2028F) |
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3.7ย Mexico Washing Machine Market Revenue Share, By Regions (2021 & 2028F) |
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4.ย Impact Analysis of COVID-19 on Mexico Washing Machine Market |
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5. Mexico Washing Machine Market Dynamics |
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5.1 Impact Analysis |
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5.2 Market Drivers |
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5.3 Market Restraints |
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6. Mexico Washing Machine Market Trends & Evolution |
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7. Mexico Washing Machine Market Overview, By Types |
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7.1 Mexico Washing Machine Market Revenue and Volume Share, By Capacity (2018-2028F) |
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7.2 Mexico Washing Machine Market Revenues and Volume, By Twin Tub Washer and Spinner (2018-2028F) |
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7.2.1 Mexico Twin Tub Washer and Spinner Washing Machine Market Revenues and Volume, By Capacity (2018-2028F) |
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7.2.1.1 Mexico Twin Tub Washer and Spinner Washing Machine Market Revenues and Volume, By Upto 5 kg (2018-2028F) |
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7.2.1.2 Mexico Twin Tub Washer and Spinner Washing Machine Market Revenues and Volume, By 5.1-10 kg (2018-2028F) |
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7.2.1.3 Mexico Twin Tub Washer and Spinner Washing Machine Market Revenues and Volume, By 10.1-15 kg (2018-2028F) |
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7.2.4 Mexico Twin Tub Washer and Spinner Washing Machine Market Revenues and Volume, By 15.1-20 kg (2018-2028F) |
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7.2.1.5 Mexico Twin Tub Washer and Spinner Washing Machine Market Revenues and Volume, By Above 20 kg (2018-2028F) |
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7.3 Mexico Washing Machine Market Revenues and Volume, By Single Tub Washer (2018-2028F) |
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7.3.1 Mexico Single Tub Washer Washing Machine Market Revenues and Volume, By Capacity (2018-2028F) |
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7.3.1.1 Mexico Single Tub Washer Washing Machine Market Revenues and Volume, By Upto 5 kg (2018-2028F) |
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7.3.1.2 Mexico Single Tub Washer Washing Machine Market Revenues and Volume, By 5.1-10 kg (2018-2028F) |
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7.3.1.3 Mexico Single Tub Washer Washing Machine Market Revenues and Volume, By 10.1-15 kg (2018-2028F) |
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7.3.1.4 Mexico Single Tub Washer Washing Machine Market Revenues and Volume, By 15.1-20 kg (2018-2028F) |
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7.3.1.5 Mexico Single Tub Washer Washing Machine Market Revenues and Volume, By Above 20 kg (2018-2028F) |
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7.4 Mexico Washing Machine Market Revenues and Volume, By Single Tub Spinner (2018-2028F) |
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7.4.1 Mexico Single Tub Spinner Washing Machine Market Revenues and Volume, By Capacity |
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7.4.1.1 Mexico Single Tub Spinner Washing Machine Market Revenues and Volume, By Upto 5 kg (2018-2028F) |
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7.4.1.2 Mexico Single Tub Spinner Washing Machine Market Revenues and Volume, By 5.1-10 kg (2018-2028F) |
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7.4.1.3 Mexico Single Tub Spinner Washing Machine Market Revenues and Volume, By 10.1-15 kg (2018-2028F) |
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7.4.1.4 Mexico Single Tub Spinner Washing Machine Market Revenues and Volume, By 15.1-20 kg (2018-2028F) |
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7.4.1.5 Mexico Single Tub Spinner Washing Machine Market Revenues and Volume, By Above 20 kg (2018-2028F) |
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7.5 Mexico Washing Machine Market Revenues and Volume, By Single Fully Automatic (2018-2028F) |
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7.5.1 Mexico Single Tub Fully Automatic Washing Machine Market Revenues and Volume, By Capacity |
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7.5.1.1 Mexico Single Tub Fully Automatic Washing Machine Market Revenues and Volume, By Upto 5 kg (2018-2028F) |
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7.5.1.2 Mexico Single Tub Fully Automatic Washing Machine Market Revenues and Volume, By 5.1-10 kg (2018-2028F) |
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7.5.1.3 Mexico Single Tub Fully Automatic Washing Machine Market Revenues and Volume, By 10.1-15 kg (2018-2028F) |
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7.5.1.4 Mexico Single Tub Fully Automatic Washing Machine Market Revenues and Volume, By 15.1-20 kg (2018-2028F) |
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7.5.1.5 Mexico Single Tub Fully Automatic Washing Machine Market Revenues and Volume, By Above 20 kg (2018-2028F) |
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8. Mexico Washing Machine Market Overview, By Distribution channels |
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8.1 Mexico Washing Machine Market Revenues, By Offline (2018-2028F) |
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8.2 Mexico Washing Machine Market Revenues, By Online (2018-2028F) |
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9. Mexico Washing Machine Market Overview, By Applications |
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9.1 Mexico Washing Machine Market Revenues, By Residential (2018-2028F) |
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9.2 Mexico Washing Machine Market Revenues, By Commercial (2018-2028F) |
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10. Mexico Washing Machine Market Overview, By Regions |
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10.1 Mexico Washing Machine Market Revenues, By Northern Region (2018-2028F) |
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10.2 Mexico Washing Machine Market Revenues, By Central Region (2018-2028F) |
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10.3 Mexico Washing Machine Market Revenues, By Southern Region (2018-2028F) |
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11. Analysis of Technologies and Differentiators used by Brands in Mexico |
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12. Mexico Washing Machine Market - Consumer Analysis |
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12.1 Consumer Analysis Overview |
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12.2 Identification of Key Pain Points ofย Washing Machine Consumers along with Key Parameter Rating (1-5, 5 Being the Highest) |
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12.3 Analysis of Key Preferred / Motivational Parameters of Washing Machine Consumers in Mexico along with Key Parameter Rating (1-5, 5 Being the Highest) |
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12.4 Identification of Key Pain Points of Twin Tub Washing Machine Consumers along with Key Parameter Rating (1-5, 5 Being the Highest) |
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12.5 Brand Preference of Consumers in Twin Tub Washing Machine Market |
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13. Twin Tub Washing Machine Market - SWOT Analysis |
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14. Mexico Washing Machine Market - Demographic Analysis |
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15. Mexico Washing Machine Market - Price Trend Analysis |
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16. Mexico Washing Machine Market - Key Performance Indicators |
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17. Mexico Washing Machine Market - Opportunity Assessment |
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17.1 Mexico Washing Machine Market Revenues, By Types (2028F) |
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17.2 Mexico Washing Machine Market Revenues, By Distribution Channels (2028F) |
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17.3 Mexico Washing Machine Market Revenues, By Applications (2028F) |
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17.4 Mexico Washing Machine Market Revenues, By Regions (2028F) |
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18. Mexico Washing Machine Market - Competitive Landscape |
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18.1 Mexico Washing Machine Market Revenue Ranking, By Companies (2021) |
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18.2 Mexico Washing Machine Market Competitive Benchmarking, By Technical Parameters |
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18.3 Mexico Washing Machine Market Competitive Benchmarking, By Operating Parameters |
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19. Company Profiles |
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19.1 Whirlpool Corporation |
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19.2 Samsung Electronics Co., Ltd. |
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19.3 LG Corporation |
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19.4 Mabe, S.A. de C.V., |
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19.5 BSH Hausgerรคte GmBH |
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19.6 Electrolux AB |
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19.7 Koblenz Electrica |
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19.8 Panasonic Corporation |
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19.9 Haier Group Corporation |
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19.10 WINIA Electronics |
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20. Key Strategic Recommendations |
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21. Disclaimer |
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List of Figures |
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Figure 1. Mexico Washing Machine Market Revenues and Volume, 2018-2028F ( $Million, Thousand Units) |
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Figure 2. Mexico Washing Machine Market Revenue Share, By Types, 2021 & 2028F |
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Figure 3. Mexico Washing Machine Market Volume Share, By Types, 2021 & 2028F |
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Figure 4. Mexico Washing Machine Market Revenue Share, By Distribution Channels, 2021 & 2028F |
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Figure 5. Mexico Washing Machine Market Revenue Share, By Applications, 2021 & 2028F |
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Figure 6. Mexico Washing Machine Market Revenue Share, By Regions, 2021 & 2028F |
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Figure 7. Mexico's Urban Population, 2015-2020 (% of Total Population) |
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Figure 8. Upcoming Hotel Projects in Mexico, 2021-2024 |
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Figure 9. Highest Number of Rooms Available in Mexico, By Top 5 Cities, 2019 |
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Figure 10. Upcoming Hotel Project in Mexico |
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Figure 11. Percentage Share of Upcoming Hotel Projects in Mexico, By Types, 2024F |
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Figure 12. Mexico Washing Machine Market Revenue Share, By Capacity, 2021 & 2028F |
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Figure 13. Mexico Washing Machine Market Volume Share, By Capacity, 2021 & 2028F |
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Figure 14. Percentage Share of Respondentsโ Profile, By Region |
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Figure 15. Percentage Share of Future Preference of People while purchasing a Washing Machine, By Types |
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Figure 16. Preference of People while purchasing Twin Tub Washing Machine, By Capacity (in %) |
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Figure 17. Preference of People while purchasing Single Tub Washer Washing Machine, By Capacity (in %) |
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Figure 18. Preference of People while purchasing Single Tub Fully Automatic Washing Machine, By Capacity (in %) |
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Figure 19. Preference of People while purchasing Single Tub Spinner Washing Machine, By Capacity (in %) |
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Figure 20. Average Rating of Key Parameters of Twin Tub Washing Machine |
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Figure 21. Average Rating of Key Parameters of Twin Tub Washing Machine |
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Figure 22. Average Rating of Key Parameters of a Washing Machine |
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Figure 23. Brand Preference of Consumers in Twin Tub Washing Machine Market (in %) |
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Figure 24. Mexico Washing Machine Average Selling Price, By Types, 2018-2028F ($/Unit) |
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Figure 25. Total Households Units in Mexico, 2020-2020 (Million Units) |
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Figure 26 Largest Urban Agglomerations in Mexico, By Cities, (2015 & 2030F), (Million Units) |
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Figure 27 Average number of people in a Mexican Household, By Cities, 2020 |
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Figure 28. Average number of people in a Mexican Household, By Cities, 2020 |
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Figure 29. Top 5 Mexican Cities with Highest Number of Tourist Arrivals in 2019 |
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Figure 30. Percentage Share of Distribution of Economic Units in Mexico, 2019 |
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Figure 31. Production of Household Appliances in Mexico ($ Million) |
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Figure 32. Mexico Washing Machine Market Opportunity Assessment, By Types, 2028F (in $ Million) |
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Figure 33. Mexico Washing Machine Market Opportunity Assessment, By Types, 2028F (in $ Million) |
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Figure 34. Mexico Washing Machine Market Opportunity Assessment, By Applications, 2028F (in $ Million) |
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Figure 35. Mexico Washing Machine Market Opportunity Assessment, By Regions, 2028F (in $ Million) |
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Figure 36. Mexico Washing Machine Market Revenue Ranking, By Companies, 2021 |
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Figure 37. Percentage Share of Distribution of Economic Units in Nuevo Leon, By Economic Activity, 2019 |
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Figure 38. Mexican States with highest number of Business Units of Home Appliances, 2019 |
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List of Tables |
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Table 1. Top Load Washing Machine Average Power Consumption (kWh) |
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Table 2. Front Load Washing Machine Average Power Consumption (kWh) |
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Table 3. Mexico Washing Machine Market Revenues, By Types, 2018-2028F ($ Million) |
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Table 4. Mexico Washing Machine Market Volume, By Types, 2018-2028F (Thousand Units) |
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Table 5. Mexico Twin Tub Washer and Spinner Washing Machine Market Revenues, By Capacity, 2018-2028F ($ Million) |
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Table 6. Mexico Twin Tub Washer and Spinner Washing Machine Market Volume, By Capacity, 2018-2028F (Thousand Units) |
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Table 7. Mexico Single Tub Washer Washing Machine Market Revenues, By Capacity, 2018-2028F ($ Million) |
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Table 8. Mexico Single Tub Washer Washing Machine Market Volume, By Capacity, 2018-2028F (Thousand Units) |
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Table 9. Mexico Single Tub Spinner Washing Machine Market Revenues, By Capacity, 2018-2028F ($ Million) |
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Table 10. Mexico Single Tub Spinner Washing Machine Market Volume, By Capacity, 2018-2028F (Thousand Units) |
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Table 11. Mexico Single Tub Fully Automatic Washing Machine Market Revenues, By Capacity, 2018-2028F ($ Million) |
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Table 12. Mexico Single Tub Fully Automatic Washing Market Volume, By Capacity, 2018-2028F (Thousand Units) |
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Table 13. Mexico Washing Machine Market Revenues, By Distribution Channels, 2018-2028F ($ Million) |
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Table 14. Mexico Washing Machine Market Revenues, By Applications, 2018-2028F ($ Million) |
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Table 15. Mexico Washing Machine Market Revenues, By Regions, 2018-2028F ($ Million) |
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Table 16. Whirlpool Average Selling Price for Twin Tub Washing Machines, By Capacity (in MXN) |
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Table 17. Samsung Average Selling Price for Twin Tub Washing Machines, By Capacity (in MXN) |
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Table 18. LG Average Selling Price for Twin Tub Washing Machines, By Capacity (in MXN) |
ย
Market Forecast By Product (Fully automatic, Semi-automatic, Dryers), By Technology (Smart connected washing machine, Conventional washing machine), By Capacity (Below 6 kg, 6.1 to 8 kg, Above 8 kg), By End-use (Commercial, Residential), By Application (Healthcare, Hospitality, Others) And Competitive Landscape
| Product Code: ETC101302 | Publication Date: Jun 2021 | Product Type: Report | |
| Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 |
Key Highlights of the Report:
- Mexico Washing Machine Market Outlook
- Market Size of Mexico Washing Machine Market, 2020
- Forecast of Mexico Washing Machine Market, 2027
- Historical Data and Forecast of Mexico Washing Machine Revenues & Volume for the Period 2018 - 2027
- Mexico Washing Machine Market Trend Evolution
- Mexico Washing Machine Market Drivers and Challenges
- Mexico Washing Machine Price Trends
- Mexico Washing Machine Porter's Five Forces
- Mexico Washing Machine Industry Life Cycle
- Historical Data and Forecast of Mexico Washing Machine Market Revenues & Volume By Product for the Period 2018 - 2027
- Historical Data and Forecast of Mexico Washing Machine Market Revenues & Volume By Fully automatic for the Period 2018 - 2027
- Historical Data and Forecast of Mexico Washing Machine Market Revenues & Volume By Semi-automatic for the Period 2018 - 2027
- Historical Data and Forecast of Mexico Washing Machine Market Revenues & Volume By Dryers for the Period 2018 - 2027
- Historical Data and Forecast of Mexico Washing Machine Market Revenues & Volume By Technology for the Period 2018 - 2027
- Historical Data and Forecast of Mexico Washing Machine Market Revenues & Volume By Smart connected washing machine for the Period 2018 - 2027
- Historical Data and Forecast of Mexico Washing Machine Market Revenues & Volume By Conventional washing machine for the Period 2018 - 2027
- Historical Data and Forecast of Mexico Washing Machine Market Revenues & Volume By Capacity for the Period 2018 - 2027
- Historical Data and Forecast of Mexico Washing Machine Market Revenues & Volume By Below 6 kg for the Period 2018 - 2027
- Historical Data and Forecast of Mexico Washing Machine Market Revenues & Volume By 6.1 to 8 kg for the Period 2018 - 2027
- Historical Data and Forecast of Mexico Washing Machine Market Revenues & Volume By Above 8 kg for the Period 2018 - 2027
- Historical Data and Forecast of Mexico Washing Machine Market Revenues & Volume By End-use for the Period 2018 - 2027
- Historical Data and Forecast of Mexico Washing Machine Market Revenues & Volume By Commercial for the Period 2018 - 2027
- Historical Data and Forecast of Mexico Washing Machine Market Revenues & Volume By Residential for the Period 2018 - 2027
- Historical Data and Forecast of Mexico Washing Machine Market Revenues & Volume By Application for the Period 2018 - 2027
- Historical Data and Forecast of Mexico Washing Machine Market Revenues & Volume By Healthcare for the Period 2018 - 2027
- Historical Data and Forecast of Mexico Washing Machine Market Revenues & Volume By Hospitality for the Period 2018 - 2027
- Historical Data and Forecast of Mexico Washing Machine Market Revenues & Volume By Others for the Period 2018 - 2027
- Mexico Washing Machine Import Export Trade Statistics
- Market Opportunity Assessment By Product
- Market Opportunity Assessment By Technology
- Market Opportunity Assessment By Capacity
- Market Opportunity Assessment By End-use
- Market Opportunity Assessment By Application
- Mexico Washing Machine Top Companies Market Share
- Mexico Washing Machine Competitive Benchmarking By Technical and Operational Parameters
- Mexico Washing Machine Company Profiles
- Mexico Washing Machine Key Strategic Recommendations
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