Mexico Major Appliances Market Size & Outlook, 2024-2030
The major appliances market in Mexico is expected to reach a projected revenue of US$ 13,910.1 million by 2030. A compound annual growth rate of 3.3% is expected of Mexico major appliances market from 2025 to 2030.
Revenue, 2024 (US$M)
$11,537.0
Forecast, 2030 (US$M)
$13,910.1
CAGR, 2025 - 2030
3.3%
Report Coverage
Mexico
Mexico major appliances market, 2018-2030 (US$M)
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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Major Appliances Market Scope
Major appliances market segmentation & scope
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Major Appliances Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Mexico major appliances market size, by product, 2018-2030 (US$M)
Mexico Major Appliances Market Outlook Share, 2024 & 2030 (US$M)
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