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Argentina Home Appliance Market Size, Share, Growth, Trends: By Product: Major Appliances, Small Appliances; By Price Range: Low, Medium, High; By Distribution Channel: Online, Offline; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, Key Indicators for Demand, Key Indicators for Price; Competitive Landscape; 2024-2032
Argentina Home Appliance Market Outlook
The Argentina home appliance market size reached approximately USD 3.68 billion in 2023. The market is projected to grow at a CAGR of 5.80% between 2024 and 2032, reaching a value of around USD 6.11 billion by 2032.
Key Takeaways
- The demand for energy-efficient domestic appliances is increasing in Argentina as consumers seek sustainable and cost-effective options.
- The adoption of voice-assisted smart home appliances is an emerging trend, which is the result of growing digitisation and automation in the country.
- The market is driven by factors such as increasing disposable incomes, urbanisation, and a rising emphasis on convenience and lifestyle improvement.
The home appliance sector in Argentina has witnessed significant developments driven by the increasing consumer demand for compact and energy-efficient home appliances and the integration of cutting-edge features to meet the demands of the growing tech-savvy population.
As per the Argentina home appliance market analysis, the key players in the market are strengthening their position by expanding their manufacturing capabilities and improving production facilities. The inauguration of Whirlpool's state-of-the-art production facility in Fátima, Argentina, marked a significant milestone for the company in October 2022. With an impressive investment of $52 million, this venture showcased Whirlpool's commitment to expanding its manufacturing capabilities and presence in the region.
Moreover, the surge in popularity of voice-activated smart home appliances is a notable trend that is reshaping the way individuals interact with technology. With the rapid evolution of technology and growing automation, voice assistants such as Amazon Alexa, Google Assistant, and Apple Siri have seen a surge in usage and are now being integrated into various household devices, consequently driving up the Argentina home appliance market share.
The offline sector holds a significant share of the market as it provides a diverse range of household appliances, giving buyers the flexibility to select from numerous options that cater to their requirements. Meanwhile, the online sector is projected to witness growth in Argentina's home appliance market owing to its convenience and easy accessibility. It enables consumers to compare prices across different online platforms, helping them find the most suitable deal and available discounts.
Market Segmentation
“Argentina Home Appliance Market Report and Forecast 2024-2032” offers a detailed analysis of the market based on the following segments:
Market Breakup by Product
- Major Appliances
- Air Conditioners
- Refrigerators
- Washing Machines
- Dishwashing Machines
- Freezers
- Ovens
- Others
- Small Appliances
- Vacuum Cleaners
- Grills and Roasters
- Food Processors
- Coffee/Tea Makers
- Others
Market Breakup by Price Range
- Low
- Medium
- High
Market Breakup by Distribution Channel
- Online
- Offline
Competitive Landscape
The market participants are actively investing in research and development and product innovation to enhance their offerings and gain consumer trust
- Whirlpool Corporation
- Samsung Electronics Co. Ltd.
- LG Corp.
- Electrolux AB
- Robert Bosch GmbH
- Koninklijke Philips N.V.
- Midea Group Co. Ltd.
- Hitachi Ltd.
- Hisense International Co., Ltd. (Gorenje Group)
- Mabe, S.A. de C.V.
- Others
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Product |
|
| Breakup by Price Range |
|
| Breakup by Distribution Channel |
|
| Market Dynamics |
|
| Competitive Landscape |
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| Companies Covered |
|
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Market Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Latin America Home Appliance Market Overview
8.1 Key Industry Highlights
8.2 Latin America Home Appliance Historical Market (2018-2023)
8.3 Latin America Home Appliance Market Forecast (2024-2032)
8.4 Latin America Home Appliance Market Share by Country
8.4.1 Brazil
8.4.2 Mexico
8.4.3 Argentina
8.4.4 Others
9 Argentina Home Appliance Market Overview
9.1 Key Industry Highlights
9.2 Argentina Home Appliance Historical Market (2018-2023)
9.3 Argentina Home Appliance Market Forecast (2024-2032)
10 Argentina Home Appliance Market by Product
10.1 Major Appliances
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.1.3 Breakup by Type
10.1.3.1 Air Conditioners
10.1.3.2 Refrigerators
10.1.3.3 Washing Machines
10.1.3.4 Dishwashing Machines
10.1.3.5 Freezers
10.1.3.6 Ovens
10.1.3.7 Others
10.2 Small Appliances
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.2.3 Breakup by Type
10.2.3.1 Vacuum Cleaners
10.2.3.2 Grills and Roasters
10.2.3.3 Food Processors
10.2.3.4 Coffee/Tea Makers
10.2.3.5 Others
11 Argentina Home Appliance Market by Price Range
11.1 Low
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Medium
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 High
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
12 Argentina Home Appliance Market by Distribution Channel
12.1 Online
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Offline
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
13 Market Dynamics
13.1 SWOT Analysis
13.1.1 Strengths
13.1.2 Weaknesses
13.1.3 Opportunities
13.1.4 Threats
13.2 Porter’s Five Forces Analysis
13.2.1 Supplier’s Power
13.2.2 Buyers Powers
13.2.3 Threat of New Entrants
13.2.4 Degree of Rivalry
13.2.5 Threat of Substitutes
13.3 Key Indicators for Demand
13.4 Key Indicators for Price
14 Trade Data Analysis (HS Code – 8509)
14.1 Major Exporting Countries
14.1.1 By Value
14.1.2 By Volume
14.2 Major Importing Countries
14.2.1 By Value
14.2.2 By Volume
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Whirlpool Corporation
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Samsung Electronics Co. Ltd.
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 LG Corp.
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Electrolux AB
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Robert Bosch GmbH
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Koninklijke Philips N.V.
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Midea Group Co. Ltd.
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 Hitachi Ltd.
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 Hisense International Co., Ltd. (Gorenje Group)
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 Mabe, S.A. de C.V.
15.2.10.1 Company Overview
15.2.10.2 Product Portfolio
15.2.10.3 Demographic Reach and Achievements
15.2.10.4 Certifications
15.2.11 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Latin America Home Appliance Market: Key Industry Highlights, 2018 and 2032
2. Argentina Home Appliance Market: Key Industry Highlights, 2018 and 2032
3. Argentina Home Appliance Historical Market: Breakup by Product (USD Billion), 2018-2023
4. Argentina Home Appliance Market Forecast: Breakup by Product (USD Billion), 2024-2032
5. Argentina Home Appliance Historical Market: Breakup by Price Range (USD Billion), 2018-2023
6. Argentina Home Appliance Market Forecast: Breakup by Price Range (USD Billion), 2024-2032
7. Argentina Home Appliance Historical Market: Breakup by Distribution Channel (USD Billion), 2018-2023
8. Argentina Home Appliance Market Forecast: Breakup by Distribution Channel (USD Billion), 2024-2032
9. Major Importing Countries by Volume
10. Major Exporting Countries by Volume
11. Major Importing Countries by Value
12. Major Exporting Countries by Value
13. Argentina Home Appliance Market Structure
Key Questions Answered in the Report
In 2023, the market reached an approximate value of USD 3.68 billion.
The market is projected to grow at a CAGR of 5.80% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach a value of around USD 6.11 billion by 2032.
The market is driven by the integration of automation in the home appliances sector and rising disposable income.
The key trends aiding the market expansion include the rising demand for energy saving home appliances and the increasing sales of home appliances through online channels.
The significant products are major appliances and small appliances.
The different price ranges in the market are low, medium, and high.
The key players in the market are Whirlpool Corporation, Samsung Electronics Co. Ltd., LG Corp., Electrolux AB, Robert Bosch GmbH, Koninklijke Philips N.V., Midea Group Co. Ltd., Hitachi Ltd., Hisense International Co., Ltd. (Gorenje Group), and Mabe, S.A. de C.V., among others.
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