According to Baldwin Britton, chairman of CLELAC's Board of Directors and global CEO of Plastiexports, the export of home appliances is expected to grow from 100 to 120 million units per year by 2029, driven by the nearshoring boom.

This trend reaffirms Mexico as the world's fifth largest producer of home appliances, with an estimated value of US$15.4 billion and projected growth of 3.6% annually over the next five years.

The trend toward smart home appliances, which offer greater connectivity and efficiency, is another of the highlights. Globally, this category is worth US$35 billion, but is projected to reach US$130 billion in the next seven years, opening a window of opportunity for local manufacturers looking to innovate.

Nearly 30% of SMEs in the sector already use artificial intelligence and other disruptive technologies to optimize their efficiency, an added value that buying companies are increasingly looking for, this technological adoption is essential in an industry that not only exports, but also responds to the growing demands of the domestic market.

Currently, more than 50 OEMs (original equipment manufacturers) in Mexico generate 100,000 direct jobs, and this number will continue to grow as demand for home appliances increases for both the export market and domestic consumption.

The growth of the middle class and the renewal of more efficient appliances in Mexican homes represent an opportunity for local suppliers, which is why it is important to attract suppliers specialized in casting, metal extrusion, plastics, rubber and stamping processes, which are essential for the manufacture of state-of-the-art appliances.