Mexico Dishwasher Market Research Report, 2028

Mexico Dishwasher Market Research Report, 2028

Actual Market Research 28-02-2023 60 Pages Figures : 5 Tables : 12 Region : North America Country : Mexico Category : Consumer Goods & Services Appliances & Equipment

In recent years, the dishwasher market in Mexico has grown steadily, owing to factors such as rising disposable incomes, increased urbanisation, and shifting consumer preferences. Overall, the dishwasher market in Mexico is expected to grow in the coming years, owing to factors such as increased consumer awareness of the benefits of using dishwashers, increased adoption of smart home appliances, and rising demand for energy-efficient and eco-friendly dishwashers. The Mexican government has implemented various regulations related to energy efficiency, safety, and environmental protection that can impact the design and operation of appliances, including dishwashers. The Mexican government has set energy efficiency standards for home appliances, including dishwashers, to reduce energy consumption and greenhouse gas emissions. Dishwashers that meet these standards are labelled with an "Energy Star" certification, indicating that they meet or exceed the minimum efficiency requirements set by the government. According to the research report “Mexico Dishwasher Market Research Report, 2028," published by Actual Market Research, the market is expected to add USD 271.78 Million by 2028. Personal disposable income growth, increased health and hygiene awareness, consumers' busy and hectic lifestyles, an increase in the number of small and medium-sized restaurants, growth of the tourism industry, an increase in the number of women employed, and an increase in the popularity of eating out are some of the major factors that exponentially contribute to the growth of the dishwasher market. People are increasingly using dishwashers and other smart kitchen appliances to improve their living conditions. Furthermore, demand for technologically advanced appliances and luxury goods have propelled the dishwasher market's growth. The dishwasher market in Mexico is divided into two categories: built-in and freestanding. Currently, the market is dominated by freestanding dishwashers because they are more affordable and widely available compared to other types of dishwashers such as built-in or integrated models. They are also easier to install, as they do not require custom cabinet fittings or modifications to existing cabinetry. This makes them an attractive option for many consumers who are looking for a simple and cost-effective solution for their dishwashing needs. Freestanding dishwashers are often more energy-efficient and water-efficient than other types of dishwashers. This is because they use their own heating elements and pumps to circulate and heat water, which can help reduce energy and water consumption compared to handwashing dishes. During the forecast period, it is expected that built-in dishwashers will dominate the market for dishwashers in Mexico due to several advantages, including a sleek and integrated appearance, more customised options in terms of size and design, and the ability to blend in seamlessly with existing cabinetry. The dishwasher market in Mexico is divided into four sales channels: Multi- Brand, Specialty Stores, online (E-commerce) and others. Multi-Brands currently dominate the dishwasher market in Mexico due to their wide selection of dishwashers from various brands with varying features, designs, and price points. Customers can compare different models and brands and choose the one that best fits their needs and budget. Multi-Brands generally have a high level of stock and availability of dishwashers, which can be important for customers who need a dishwasher quickly or who have specific requirements for delivery or installation. Some of the main supermarkets where the sale of dishwashers takes place in Mexico Walmart, Soriana, Costco, H-E-B, Chedraui. The Dishwasher market of Mexico is segmented by application type residential and commercial; currently the market is dominated by Residential sector due to High household ownership, increased housing construction, growing environmental awareness. During the forecast period it is expected that the market will be dominated by residential sector. Dishwashers are a small niche in Mexico with low household penetration. Most consumers either are unable to afford dishwashers or they do not see the benefit of owning one, with most consumers washing dishes by hand. Even wealthier households have limited interest in dishwashers, with these consumers instead often employing maids to carry out their chores, including washing the dishes. It is also relatively uncommon to have a dishwasher provided in a rental unit. Again, dishwashers are easily purchased in Mexico City, but many older properties and even some newer ones will not have a space designated for a dishwasher in the layout of the kitchen. According to the latest available data from the National Institute of Statistics and Geography (INEGI), only about 4.4% of households in Mexico had a dishwasher in 2020. This indicates that dishwashers are still not very common in Mexican households, and most people still wash their dishes by hand. The low adoption of dishwashers in Mexico may be due to various factors, such as their relatively high cost, limited availability, and the perception that washing dishes by hand is more economical and traditional. However, with rising disposable incomes, changing consumer preferences, and increasing awareness about the benefits of using dishwashers, the adoption of dishwashers in Mexico is expected to grow in the coming years. Considered in this report • Geography: Mexico • Historic year: 2017 • Base year: 2022 • Estimated year: 2023 • Forecast year: 2028 Aspects covered in this report • Mexico Dishwasher market with its value and forecast along with its segments • Various drivers and challenges • On-going trends and developments • Top profiled companies • Strategic recommendation By Application Type • Residential • Commercial By Type • Built-in • Free Standing By Distribution Channel • Multi-brand stores • Specialty stores • Online (ecom) • Other The approach of the report: This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and listing out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, annual report of companies, analysing the government generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducted trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers in regional aspects, tier aspects, age group, and gender. Once we have primary data with us we have started verifying the details obtained from secondary sources. Intended audience This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to Dishwasher market, government bodies and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.

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