The most influential Megatrends set to shape the world through 2030, identified by Euromonitor International, help businesses better anticipate market developments and lead change for their industries.
Learn moreEuromonitor addresses your unique questions and challenges across all B2B and B2C industries and geographies through custom, tailor-made research projects, designed to your specific goals.
Learn moreJan 2021
US$2,650Added to Cart
If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extract FREE!
If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extract FREE!
COVID-19 had a significant negative effect on demand for consumer appliances in Mexico during 2020. The pandemic led to a plunge in consumer confidence during the spring, with no more than a partial recovery during the latter part of the year, and this made consumers more reluctant to purchase big ticket items like large consumer appliances.
The Mexican government announced nationwide restrictions on non-essential economic activities in most municipalities on 30 March, which took effect the following day, with the population urged to stay at home, where possible. On 16 April, the government extended these restrictions until 30 May.
The manufacturing of consumer appliances were temporarily disrupted by the pandemic, as many factories were required to close between April and June. After this, manufacturing activity returned to something close to normality, albeit with restrictions designed to reduce the risk of contagion, such as mask wearing and frequent hand washing.
Mixed retailers, particularly department stores and variety stores, dominate the distribution of large appliances in Mexico, while grocery retailers, particularly hypermarkets, lead in many types of small appliances, particularly personal care appliances, small cooking appliances and food preparation appliances. In general, local consumers still prefer to shop in person for consumer appliances, particularly large ones, in order to see the different models ‘in the flesh’ before making a purchase.
2021 will bring a rebound in retail volume sales of consumer appliances, as the economic shock of COVID-19 begins to wear off and daily life begins to return to something approaching normality, bolstering consumer confidence. Moreover, there is likely to be a significant recovery in construction and renovation activity during 2021, which will provide an additional boost to demand.
Files are delivered directly into your account within a few minutes of purchase.
Gain competitive intelligence about market leaders. Track key industry trends, opportunities and threats. Inform your marketing, brand, strategy and market development, sales and supply functions.
Delivery: Files are delivered directly into your account within a few minutes of purchase.
Overview
Discover the latest market trends and uncover sources of future market growth for the Consumer Appliances industry in Mexico with research from Euromonitor's team of in-country analysts.
Find hidden opportunities in the most current research data available, understand competitive threats with our detailed market analysis, and plan your corporate strategy with our expert qualitative analysis and growth projections.
If you're in the Consumer Appliances industry in Mexico, our research will save you time and money while empowering you to make informed, profitable decisions.
When you purchase this report, you also get the data and the content from these category reports in Mexico for free:
The Consumer Appliances in Mexico market research report includes:
Our market research reports answer questions such as:
Why buy this report?
This industry report originates from Passport, our Consumer Appliances market research database.
Gain competitive intelligence about market leaders. Track key industry trends, opportunities and threats. Inform your marketing, brand, strategy and market development, sales and supply functions.