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Colombia Washing Machine Market Size, Share, Trends, Report: By Type: Front Load, Top Load; By Technology: Fully Automatic, Semi-Automatic; By Capacity: Below 6 Kg, 6.1 to 8 Kg, Above 8 Kg; By Distribution Channel: Online, Offline; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis; Competitive Landscape; 2024-2032
Colombia Washing Machine Market Outlook
The Colombia washing machine market size is estimated to expand at a CAGR of 2.20% between 2024 and 2032.
Key Takeaways
- In 2021, Colombia imported washing machines; parts for household or laundry-type remained $13,879.04 thousand and weighed 1,014,120 kilograms.
- Smart washing machines are gaining popularity as they integrate artificial intelligence and IoT, enhancing user convenience with optimised wash cycles and energy consumption based on load size and fabric type.
- Manufacturers are prioritising the production of energy-efficient and sustainable models, such as front-load machines, which use less water and energy compared to top-load options.
The Colombia washing machine market growth is driven by the increased consumer spending on household appliances, rapid urbanisation, and a growing demand for energy-efficient home appliances. A notable trend in the market is the rising popularity of smart home appliances. Further, the market benefits from the escalating need for washing machines in commercial establishments like hotels and resorts to provide guests with improved convenience and services.
As per the Colombia washing machine market analysis, the rise in demand for intelligent appliances in both residential and commercial sectors is a key trend in the market. The increase in interest in connected devices and the growing consumer expenditure on high-end and energy-efficient household products are driving the need for smart home appliances in the country. Leading companies are leveraging cutting-edge technologies like innovative drum technology, Internet of Things (IoT), and EcoBubble technology to elevate the washing process. Smart washing machines not only save significant time compared to manual washing but can also be controlled through virtual assistants such as Google Assistant and Amazon Alexa.
Moreover, offline channels, which include supermarkets, hypermarkets, and speciality stores, dominate the market. In these physical stores, customers can promptly receive assistance regarding household appliances and receive expert advice from sales personnel to help them choose the most suitable product. In March 2023, Ikea inaugurated a new outlet in the Mallplaza NQS shopping complex in Colombia, offering a range of home appliances, furniture, and home goods.
Market Segmentation
Colombia Washing Machine Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:
Market Breakup by Type
- Front Load
- Top Load
Market Breakup by Technology
- Fully Automatic
- Semi-Automatic
Market Breakup by Capacity
- Below 6 Kg
- 6.1 to 8 Kg
- Above 8 Kg
Market Breakup by Distribution Channel
- Online
- Offline
Competitive Landscape
Market participants are focusing on the production of washing machines integrated with smart technologies and advanced features to improve efficiency and convenience of users.
- Whirlpool Corporation
- Samsung Electronics Co. Ltd.
- LG Corp.
- Electrolux AB
- Robert Bosch GmbH
- Midea Group Co. Ltd.
- 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:
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| Breakup by Type |
|
| Breakup by Technology |
|
| Breakup by Capacity |
|
| Breakup by Distribution Channel |
|
| Market Dynamics |
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| Competitive Landscape |
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| 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 Washing Machine Market Overview
8.1 Key Industry Highlights
8.2 Latin America Washing Machine Historical Market (2018-2023)
8.3 Latin America Washing Machine Market Forecast (2024-2032)
8.4 Latin America Washing Machine Market Share by Country
8.4.1 Brazil
8.4.2 Mexico
8.4.3 Argentina
8.4.4 Colombia
8.4.5 Others
9 Colombia Washing Machine Market Overview
9.1 Key Industry Highlights
9.2 Colombia Washing Machine Historical Market (2018-2023)
9.3 Colombia Washing Machine Market Forecast (2024-2032)
10 Colombia Washing Machine Market by Type
10.1 Front Load
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Top Load
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
11 Colombia Washing Machine Market by Technology
11.1 Fully Automatic
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Semi-Automatic
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
12 Colombia Washing Machine Market by Capacity
12.1 Below 6 Kg
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 6.1 to 8 Kg
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Above 8 Kg
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
13 Colombia Washing Machine Market by Distribution Channel
13.1 Online
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 Offline
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyers Powers
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Trade Data Analysis (HS Code: 8450)
15.1 Major Importing Countries
15.1.1 By Volume
15.1.2 By Value
15.2 Major Exporting Countries
15.2.1 By Volume
15.2.2 By Value
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Whirlpool Corporation
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Samsung Electronics Co. Ltd.
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 LG Corp.
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Electrolux AB
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Robert Bosch GmbH
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Midea Group Co. Ltd.
16.2.6.1 Company Overview
16.2.6.2 Product Portfolio
16.2.6.3 Demographic Reach and Achievements
16.2.6.4 Certifications
16.2.7 Mabe, S.A. de C.V.
16.2.7.1 Company Overview
16.2.7.2 Product Portfolio
16.2.7.3 Demographic Reach and Achievements
16.2.7.4 Certifications
16.2.8 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Latin America Washing Machine Market: Key Industry Highlights, 2018 and 2032
2. Colombia Washing Machine Market: Key Industry Highlights, 2018 and 2032
3. Colombia Washing Machine Historical Market: Breakup by Type (USD Billion), 2018-2023
4. Colombia Washing Machine Market Forecast: Breakup by Type (USD Billion), 2024-2032
5. Colombia Washing Machine Historical Market: Breakup by Technology (USD Billion), 2018-2023
6. Colombia Washing Machine Market Forecast: Breakup by Technology (USD Billion), 2024-2032
7. Colombia Washing Machine Historical Market: Breakup by Capacity (USD Billion), 2018-2023
8. Colombia Washing Machine Market Forecast: Breakup by Capacity (USD Billion), 2024-2032
9. Colombia Washing Machine Historical Market: Breakup by Distribution Channel (USD Billion), 2018-2023
10. Colombia Washing Machine Market Forecast: Breakup by Distribution Channel (USD Billion), 2024-2032
11. Major Importing Countries by Volume
12. Major Exporting Countries by Volume
13. Major Importing Countries by Value
14. Major Exporting Countries by Value
15. Colombia Washing Machine Market Structure
Key Questions Answered in the Report
The market is projected to grow at a CAGR of 2.20% between 2024 and 2032.
The market is driven by the rising purchasing power of consumers and the growth of online channels.
The key trends aiding the market expansion include the increasing popularity of smart washing machines and the rising adoption of energy-efficient home appliances.
The major types of washing machines are front load and top load.
The major distribution channels in the market are online and offline.
The major players in the market are Whirlpool Corporation, Samsung Electronics Co. Ltd., LG Corp., Electrolux AB, Robert Bosch GmbH, Midea Group Co. Ltd., and Mabe, S.A. de C.V., among others.
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