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The Latin America kitchen appliances market size was valued at USD 13.16 billion in 2023. The market is further projected to grow at a CAGR of 3.6% between 2024 and 2032, reaching a value of USD 18.09 billion by 2032.
The market is expected to grow due to the increasing demand for energy-efficient and eco-friendly, the rise in disposable income, and the growing urbanisation and housing growth in the region. Brands like LG Electronics, Samsung Electronics, and Whirlpool Corporation offer a wide range of refrigerators with advanced features like smart technology, energy efficiency, and frost-free options. Brands like Bosch, Siemens, and Whirlpool Corporation offer energy-efficient and water-saving dishwashers with advanced features like smart technology and adjustable racks.
The Latin America kitchen appliances market growth is driven due to the increasing adoption of smart kitchen equipment in the commercial sector, particularly in restaurants and dining establishments, because of rising consumer spending and a growing number of such venues. This has accelerated the demand for smart kitchen appliances that can provide delicious meals more quickly and efficiently.
Cooktops, ovens, fryers, and grills are among the appliances that are being used more frequently, as they increase uniformity in food preparation, reduce reliance on human labour, and lower the risk of human errors. Brands like AB Electrolux, Whirlpool Corporation, and LG Electronics offer a wide range of cooking appliances, such as stoves, ovens, cooktops, and microwaves with features like induction cooking, convection ovens, and smart technology.
The market is also being driven by the increasing popularity of energy-conserving appliances and the growing awareness of their benefits among consumers. The region's middle-class population is growing, particularly in Brazil, Argentina, and Colombia, which is driving the demand for household appliances. Government efforts to boost FDI inflows and the economy are also contributing to the Latin America kitchen appliances market growth.
Latin America Kitchen Appliances Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:
Market Breakup by Product
Market Breakup by End Use
Market Breakup by Distribution Channel
Market Breakup by Country
Market players are focused on providing premium quality of kitchen appliances across industries to stay ahead in the competition.
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 Product |
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Breakup by End Use |
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Breakup by Distribution Channel |
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Breakup by Region |
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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 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 Global Kitchen Appliances Market Overview
8.1 Key Industry Highlights
8.2 Global Kitchen Appliances Historical Market (2018-2023)
8.3 Global Kitchen Appliances Market Forecast (2024-2032)
8.4 Global Kitchen Appliances Market Share by Region
8.4.1 North America
8.4.2 Europe
8.4.3 Asia Pacific
8.4.4 Latin America
8.4.5 Middle East and Africa
9 Latin America Kitchen Appliances Market Overview
9.1 Key Industry Highlights
9.2 Latin America Kitchen Appliances Historical Market (2018-2023)
9.3 Latin America Kitchen Appliances Market Forecast (2024-2032)
10 Latin America Kitchen Appliances Market by Product
10.1 Dishwashers
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Microwave Ovens
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 Refrigerators
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Mixers and Grinders
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Food Processors
10.5.1 Historical Trend (2018-2023)
10.5.2 Forecast Trend (2024-2032)
10.6 Others
11 Latin America Kitchen Appliances Market by End Use
11.1 Residential
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Commercial
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
12 Latin America Kitchen Appliances Market by Distribution Channel
12.1 Supermarkets and Hypermarkets
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Specialty Stores
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Online
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Latin America Kitchen Appliances Market by Country
13.1 Brazil
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 Mexico
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Argentina
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 Others
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 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators of Demand
14.4 Key Indicators of Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Robert Bosch GmbH
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 Koninklijke Philips N.V.
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 Electrolux AB
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 Samsung Electronics Co. Ltd.
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 LG Electronics Inc.
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 Whirlpool Corporation
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 Panasonic Holdings Corporation
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 Hisense Corporation
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 De’Longhi S.p.A.
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 Midea Group Co. Ltd.
15.2.11.1 Company Overview
15.2.11.2 Product Portfolio
15.2.11.3 Demographic Reach and Achievements
15.2.11.4 Certifications
15.2.12 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Kitchen Appliances Market: Key Industry Highlights, 2018 and 2032
2. Latin America Kitchen Appliances Market: Key Industry Highlights, 2018 and 2032
3. Latin America Kitchen Appliances Historical Market: Breakup by Product (USD Billion), 2018-2023
4. Latin America Kitchen Appliances Market Forecast: Breakup by Product (USD Billion), 2024-2032
5. Latin America Kitchen Appliances Historical Market: Breakup by End Use (USD Billion), 2018-2023
6. Latin America Kitchen Appliances Market Forecast: Breakup by End Use (USD Billion), 2024-2032
7. Latin America Kitchen Appliances Historical Market: Breakup by Distribution Channel (USD Billion), 2018-2023
8. Latin America Kitchen Appliances Market Forecast: Breakup by Distribution Channel (USD Billion), 2024-2032
9. Latin America Kitchen Appliances Historical Market: Breakup by Country (USD Billion), 2018-2023
10. Latin America Kitchen Appliances Market Forecast: Breakup by Country (USD Billion), 2024-2032
11. Latin America Kitchen Appliances Market Structure
In 2023, the market reached an approximate value of USD 13.16 billion.
The market is expected to grow at a CAGR of 3.6% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 18.09 billion by 2032.
The market is being driven due to the increasing demand for smart kitchen appliances in the commercial sector, the availability of a variety of products, and the growing number of women in the workforce leading to a higher demand for smart kitchen products.
Key trends aiding the market expansion include preference for purchasing appliances from physical stores, the availability of discounts, and the increasing trend of online shopping, especially in the Asia Pacific region.
Countries considered in the market are Brazil, Mexico, and Argentina, among others.
Based on product, the market segmentations include dishwashers, microwave ovens, refrigerators, mixers and grinders, food processors, among others.
Residential and commercial end users are considered in the report.
Key players in the market are Robert Bosch GmbH, Koninklijke Philips N.V., Electrolux AB, Samsung Electronics Co. Ltd., LG Electronics Inc., Whirlpool Corporation, Panasonic Holdings Corporation, Hisense Corporation, De’Longhi S.p.A., Mabe S.A. de C.V., and Midea Group Co. Ltd., among others.
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