Mexico - North America Major Appliances Market Size & Outlook
The major appliances market in Mexico - North America is expected to reach a projected revenue of US$ 13,910.1 million by 2030. A compound annual growth rate of 3.1% is expected of Mexico - North America major appliances market from 2024 to 2030.
Revenue, 2024 (US$M)
$11,242.9
Forecast, 2030 (US$M)
$13,910.1
CAGR, 2025 - 2030
3.1%
Report Coverage
Mexico
Mexico - North America Major Appliances Market, 2018-2030 (US$M)
Global Market
Related Markets
Mexico major appliances market highlights
- The Mexico major appliances market generated a revenue of USD 11,242.9 million in 2023 and is expected to reach USD 13,910.1 million by 2030.
- The Mexico market is expected to grow at a CAGR of 3.1% from 2024 to 2030.
- In terms of segment, refrigerators was the largest revenue generating product in 2023.
- Air Conditioners is the most lucrative product segment registering the fastest growth during the forecast period.
Major appliances market data book summary
| Market revenue in 2023 | USD 11,242.9 million |
| Market revenue in 2030 | USD 13,910.1 million |
| Growth rate | 3.1% (CAGR from 2023 to 2030) |
| Largest segment | Refrigerators |
| Fastest growing segment | Air Conditioners |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Washing Machines, Cooktops, Cooking Ranges, Dishwashers, Refrigerators, Air Conditioners, Microwaves & Ovens, Vacuum Cleaners |
| Key market players worldwide | Whirlpool Corp, Electrolux AB ADR, Samsung Electronics Co Ltd, LG Electronics Inc ADR, Haier Smart Home Co Ltd ADR, Panasonic Holdings Corp, Miele, Bosch, Daikin Industries Ltd, Sharp Corp, IRobot Corp, Midea Group |
Other key industry trends
- In terms of revenue, Mexico accounted for 3.0% of the global major appliances market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. major appliances market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 5,543.1 million by 2030.
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Publish Date: Oct 21, 2024
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Major Appliances Market Scope
Major Appliances Market segmentation & scope
Major Appliances Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Panasonic Holdings Corp | View profile | 230,025 | 1006, Oaza Kadoma, Kadoma-shi, Osaka, Japan, 571-8501 | holdings.panasonic |
| Samsung Electronics Co Ltd | View profile | 124,804 | 129, Samsung-ro, Yeongtong-gu, Gyeonggi-do, Suwon-si, Korea, Republic of, 443-742 | www.samsung.com |
| LG Electronics Inc ADR | View profile | 35,111 | Twin Tower 128, Yeoui-daero, Yeongdeungpo-gu, Seoul, Korea, Republic of, 07336 | www.lge.co.kr |
| Electrolux AB ADR | View profile | 41,869 | Street Goransgatan 143, Stadshagen, Stockholm, Sweden, SE-105 45 | www.electroluxgroup.com |
| Daikin Industries Ltd | View profile | 107,127 | Umeda Center Building, 2-4-12, Nakazaki-Nishi, Kita-ku, Osaka, Japan, 530-8323 | www.daikin.com |
| Bosch | View profile | 10001+ | Stuttgart, Baden-Wurttemberg, Germany, Europe | www.bosch.com |
| Haier Smart Home Co Ltd ADR | View profile | 112,458 | Haier Industrial Park, Laoshan District, Shandong Province, Qingdao, China, People's Republic of, 266101 | smart-home.haier.com/cn |
| Whirlpool Corp | View profile | 59,000 | 2000 North M-63, Benton Harbor, MI, United States, 49022-2692 | www.whirlpoolcorp.com |
| IRobot Corp | View profile | 1,113 | 8 Crosby Drive, Bedford, MA, United States, 01730 | www.irobot.com |
| Sharp Corp | View profile | 46,200 | 1 Takumi-machi, Sakai-ku, Sakai-shi, Osaka, Japan, 590-8522 | www.sharp.co.jp |
Mexico - North America Major Appliances Market Outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to Major Appliances Market Outlook will help companies and investors design strategic landscapes.
Refrigerators was the largest segment with a revenue share of 34.06% in 2023.
Horizon Databook has segmented the Mexico - North America major appliances market based on washing machines, cooktops, cooking ranges, dishwashers, refrigerators, air conditioners, microwaves & ovens, vacuum cleaners covering the revenue growth of each sub-segment from 2018 to 2030.
- Mexico - North America Major Appliances Market Product Outlook (Revenue, USD Million , 2018-2030)
- Washing Machines
- Cooktops
- Cooking Ranges
- Dishwashers
- Refrigerators
- Air Conditioners
- Microwaves & Ovens
- Vacuum Cleaners
- Mexico - North America Major Appliances Market Type Outlook (Revenue, USD Million , 2018-2030)
- Conventional Appliances
- Smart Appliances
- Mexico - North America Major Appliances Market Distribution Channel Outlook (Revenue, USD Million , 2018-2030)
- Hypermarkets & Supermarkets
- Electronic Stores
- Exclusive Brand Outlets
- Online
- Others
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Horizon Databook provides a detailed overview of country-level data and insights on the Mexico - North America Major Appliances Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into Mexico - North America Major Appliances Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Mexico - North America Major Appliances Market, 2018-2030 (US$M)
Mexico major appliances market statistics, by product, 2018-2030 (US$M)
