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Chile Home Appliances Market Size, Share, Growth, Forecast: By Product: Major Appliances, Small Appliances; By Distribution Channel: Supermarkets and Hypermarkets, Specialty Stores, Online, Others; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, Key Indicators for Demand; Competitive Landscape; 2024-2032
Chile Home Appliances Market Outlook
The Chile home appliances market size was approximately USD 2.41 billion in 2023. The market is assessed to grow at a CAGR of 4.21% between 2024 and 2032, reaching a value of USD 3.52 billion by 2032.
Key Takeaways
- Customers in Chile are opting for energy-efficient domestic devices in order to decrease electricity expenses and encourage sustainability.
- The improving living standards are supporting the demand for appliances that contribute to a healthier lifestyle and offer convenience and comfort. For instance, water filters, air purifiers, and steam ovens that preserve nutrients during cooking are gaining traction.
- There is a rising demand for smart technology and interconnected home appliances with advanced features like touchscreen refrigerators and robotic vacuums.
The surge in household product spending, rising living standards, growing disposable incomes, and the convenience of e-commerce platforms are the key factors driving the Chile home appliances market growth. The demand for energy-efficient appliances and time-saving solutions has significantly increased across the country as they lead to lower energy bills, further supporting sustainable development.
As per the Chile home appliances market analysis, the small appliances product type is anticipated to hold a significant market share. The increasing need for compact devices like electric kettles, coffee makers, and toasters is continuously enlarging the clientele. These items are reasonably priced and have become an essential component for individuals leading a busy life, as they simplify their daily routines and offer hassle-free experience. Similarly, numerous small appliances are engineered to be energy-efficient, aligning with the rising inclination towards environmental consciousness and financial savings.
Furthermore, the popularity of smart home appliances is on the rise across the country. For instance, in March 2021, Tuya Smart, a prominent global IoT cloud platform, partnered with Automatizate, a renowned smart home brand in Chile. The comprehensive know-how of both the companies enabled them to launch more smart products for domestic market. To offer customers an engaging shopping experience, Automatizate established a dedicated smart home showroom in the Providencia district of Santiago.
Market Segmentation
Chile Home Appliances 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 Distribution Channel
- Supermarkets and Hypermarkets
- Specialty Stores
- Online
- Others
Competitive Landscape
To gain a competitive advantage, market participants are placing a greater emphasis on the development and marketing of smart household appliances.
- Robert Bosch GmbH
- LG Corporation
- Samsung Electronics Co., Ltd.
- Whirlpool Corporation
- Electrolux AB
- Koninklijke Philips NV
- Panasonic Corporation
- Mitsubishi Electric Corporation
- Midea Group
- 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 Distribution Channel |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
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*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 Appliances Market Overview
8.1 Key Industry Highlights
8.2 Latin America Home Appliances Historical Market (2018-2023)
8.3 Latin America Home Appliances Market Forecast (2024-2032)
8.4 Latin America Home Appliances Market Share by Country
8.4.1 Brazil
8.4.2 Mexico
8.4.3 Argentina
8.4.4 Chile
8.4.5 Others
9 Chile Home Appliances Market Overview
9.1 Key Industry Highlights
9.2 Chile Home Appliances Historical Market (2018-2023)
9.3 Chile Home Appliances Market Forecast (2024-2032)
10 Chile Home Appliances 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 Chile Home Appliances Market by Distribution Channel
11.1 Supermarkets and Hypermarkets
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Specialty Stores
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 Online
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 Others
12 Market Dynamics
12.1 SWOT Analysis
12.1.1 Strengths
12.1.2 Weaknesses
12.1.3 Opportunities
12.1.4 Threats
12.2 Porter’s Five Forces Analysis
12.2.1 Supplier’s Power
12.2.2 Buyers Powers
12.2.3 Threat of New Entrants
12.2.4 Degree of Rivalry
12.2.5 Threat of Substitutes
12.3 Key Indicators for Demand
12.4 Key Indicators for Price
13 Trade Data Analysis (HS Code: 8509)
13.1 Major Importing Countries
13.1.1 By Volume
13.1.2 By Value
13.2 Major Exporting Countries
13.2.1 By Volume
13.2.2 By Value
14 Competitive Landscape
14.1 Market Structure
14.2 Company Profiles
14.2.1 Robert Bosch GmbH
14.2.1.1 Company Overview
14.2.1.2 Product Portfolio
14.2.1.3 Demographic Reach and Achievements
14.2.1.4 Certifications
14.2.2 LG Corporation
14.2.2.1 Company Overview
14.2.2.2 Product Portfolio
14.2.2.3 Demographic Reach and Achievements
14.2.2.4 Certifications
14.2.3 Samsung Electronics Co., Ltd.
14.2.3.1 Company Overview
14.2.3.2 Product Portfolio
14.2.3.3 Demographic Reach and Achievements
14.2.3.4 Certifications
14.2.4 Whirlpool Corporation
14.2.4.1 Company Overview
14.2.4.2 Product Portfolio
14.2.4.3 Demographic Reach and Achievements
14.2.4.4 Certifications
14.2.5 Electrolux AB
14.2.5.1 Company Overview
14.2.5.2 Product Portfolio
14.2.5.3 Demographic Reach and Achievements
14.2.5.4 Certifications
14.2.6 Koninklijke Philips NV
14.2.6.1 Company Overview
14.2.6.2 Product Portfolio
14.2.6.3 Demographic Reach and Achievements
14.2.6.4 Certifications
14.2.7 Panasonic Corporation
14.2.7.1 Company Overview
14.2.7.2 Product Portfolio
14.2.7.3 Demographic Reach and Achievements
14.2.7.4 Certifications
14.2.8 Mitsubishi Electric Corporation
14.2.8.1 Company Overview
14.2.8.2 Product Portfolio
14.2.8.3 Demographic Reach and Achievements
14.2.8.4 Certifications
14.2.9 Midea Group
14.2.9.1 Company Overview
14.2.9.2 Product Portfolio
14.2.9.3 Demographic Reach and Achievements
14.2.9.4 Certifications
14.2.10 Others
15 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Latin America Home Appliances Market: Key Industry Highlights, 2018 and 2032
2. Chile Home Appliances Market: Key Industry Highlights, 2018 and 2032
3. Chile Home Appliances Historical Market: Breakup by Product (USD Billion), 2018-2023
4. Chile Home Appliances Market Forecast: Breakup by Product (USD Billion), 2024-2032
5. Chile Home Appliances Historical Market: Breakup by Distribution Channel (USD Billion), 2018-2023
6. Chile Home Appliances Market Forecast: Breakup by Distribution Channel (USD Billion), 2024-2032
7. Major Exporting Countries by Value
8. Major Importing Countries by Value
9. Major Exporting Countries by Volume
10. Major Importing Countries by Volume
11. Chile Home Appliances Market Structure
Key Questions Answered in the Report
In 2023, the market reached an approximate value of USD 2.41 billion.
The market is estimated to grow at a CAGR of 4.21% 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 3.52 billion by 2032.
The home appliances market in Chile is experiencing growth due to shifts in consumer lifestyle, higher expenditures on household items, and a rising need for small appliances.
The rise in popularity of intelligent and interconnected appliances, coupled with the surge in online purchases via e-commerce platforms, are the primary factors propelling the transformation of the home appliances industry in Chile.
The different home appliance products in the market are major appliances and small appliances.
The major distribution channels in the market are supermarkets and hypermarkets, specialty stores, and online, among others.
The major players in the market are Robert Bosch GmbH, LG Corporation, Samsung Electronics Co., Ltd., Whirlpool Corporation, Electrolux AB, Koninklijke Philips NV, Panasonic Corporation, Mitsubishi Electric Corporation, and Midea Group, among others.
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