Latin America Home Appliances Market Size & Outlook
Latin America home appliances market, 2018-2030 (US$M)
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Latin America home appliances market highlights
- The Latin America home appliances market generated a revenue of USD 26,789.9 million in 2021.
- The market is expected to grow at a CAGR of 10.6% from 2022 to 2028.
- In terms of segment, cooking appliances was the largest revenue generating product in 2021.
- Washing Machines is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, Brazil is expected to register the highest CAGR from 2022 to 2028.
Latin America data book summary
| Market revenue in 2021 | USD 26,789.9 million |
| Market revenue in 2028 | USD 54,170.9 million |
| Growth rate | 10.6% (CAGR from 2021 to 2028) |
| Largest segment | Cooking appliances |
| Fastest growing segment | Washing Machines |
| Historical data covered | 2016 - 2020 |
| Base year for estimation | 2021 |
| Forecast period covered | 2022 - 2028 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Air Conditioners, Cooking Appliances, Dishwashers, Refrigerators & Freezers, Washing Machines |
| Key market players worldwide | Koninklijke Philips NV, Haier Smart Home Co Ltd ADR, B. Braun Medical, Hamilton Lane Inc Class A, Whirlpool Corp, Hamilton Beach Brands Holding Co Class A, Spectrum Brands Holdings Inc, Brother Industries Ltd, Tiger Brands Ltd, BPL Group, Meyer, Zojirushi, SEB SA, Blendtec |
Other key industry trends
- In terms of revenue, Latin America region accounted for 5.4% of the global home appliances market in 2021.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2028.
- Latin America is the fastest growing regional market and is projected to reach USD 54,170.9 million by 2028.
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Home Appliances Market Scope
Home Appliances Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Latin America home appliances market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to home appliances market will help companies and investors design strategic landscapes.
Cooking appliances was the largest segment with a revenue share of 51.54% in 2024. Horizon Databook has segmented the Latin America home appliances market based on air conditioners, cooking appliances, dishwashers, refrigerators & freezers, washing machines covering the revenue growth of each sub-segment from 2018 to 2030.
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Target buyers of Latin America home appliances market databook
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Our clientele includes a mix of home appliances market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America home appliances market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America home appliances market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America home appliances market size, by country, 2018-2030 (US$M)
Latin America Home Appliances Market Outlook Share, 2024 & 2030 (US$M)
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