PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1565615
PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1565615
Latin America Home Appliances Market Introduction and Overview
According to SPER Market Research, 'Latin America Home Appliances Market Size - By Product, By Distribution Channel - Regional Outlook, Competitive Strategies and Segment Forecast to 2033' states that the Latin America Home Appliances Market is estimated to reach USD 91.47 billion by 2033 with a CAGR of 5.25%.
Growing levels of urbanisation and disposable wealth in the region are driving demand for household appliances. Second, the introduction of innovative kitchen appliances with multifunctional features that are piqueing consumers' interest is leading to a notable expansion of the market.
The COVID-19 pandemic had a major effect on the home appliance sector in Latin America. Lockdowns, decreased consumer spending, and unstable economies all had an impact on supply and demand. However, as the restrictions were lifted and consumers began to prioritise comfort and convenience when spending more time at home, the industry flourished.
Scope of the report:
Report Metric Details
Market size available for years 2020-2033
Base year considered 2023
Forecast period 2024-2033
Segments covered: By Product, By Distribution Channel
Regions covered: Brazil, Mexico, Chile, Colombia, Peru
Companies Covered: LG Electronics, Whirlpool Corp, AB Electrolux, Samsung, AEG, Bosch, Miele, Groupe SEB, Mabe, Panasonic Corporation.
Latin America Home Appliances Market Segmentation:
By Product: Based on the Product, Latin America Home Appliances Market is segmented as; Major Appliances, Small Appliances.
By Distribution Channel: Based on the Distribution Channel, Latin American Home Appliances Market is segmented as; Multibrand Stores, Exclusive Stores, Online, Other Distribution Channels.
By Region: This research also includes data for Brazil, Mexico, Chile, Colombia, and Peru.