Latin America Household Cooking Appliance Market Size & Outlook
The household cooking appliance market in Latin America is expected to reach a projected revenue of US$ 31,130.0 million by 2030. A compound annual growth rate of 7.6% is expected of Latin America household cooking appliance market from 2024 to 2030.
Revenue, 2023 (US$M)
$18,680.0
Forecast, 2030 (US$M)
$31,130.0
CAGR, 2024 - 2030
7.6%
Report Coverage
Latin America
Latin America household cooking appliance market, 2018-2030 (US$M)
Related Markets
Latin America household cooking appliance market highlights
- The Latin America household cooking appliance market generated a revenue of USD 18.7 billion in 2023.
- The market is expected to grow at a CAGR of 7.6% from 2024 to 2030.
- In terms of segment, cooktops & cooking ranges was the largest revenue generating product in 2023.
- Ovens 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 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 18.7 billion |
| Market revenue in 2030 | USD 31.1 billion |
| Growth rate | 7.6% (CAGR from 2023 to 2030) |
| Largest segment | Cooktops & cooking ranges |
| Fastest growing segment | Ovens |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD billion |
| Market segmentation | Cooktops & Cooking Ranges, Ovens, Specialized appliances |
| Key market players worldwide | Electrolux AB ADR, Haier Electronics Group, Koninklijke Philips NV, LG Electronics Inc ADR, Robert Bosch Engineering & Business Solutions, Samsung Electronics Co Ltd, Smeg, Whirlpool Corp, Panasonic Holdings Corp |
Other key industry trends
- In terms of revenue, Latin America region accounted for 7.4% of the global household cooking appliance market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- MEA is the fastest growing regional market and is projected to reach USD 25.8 billion by 2030.
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Household Cooking Appliance Market Scope
Household cooking appliance market segmentation & scope
Household Cooking Appliance Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Latin America household cooking appliance 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 household cooking appliance market will help companies and investors design strategic landscapes.
Cooktops & cooking ranges was the largest segment with a revenue share of 47.06% in 2023. Horizon Databook has segmented the Latin America household cooking appliance market based on cooktops & cooking ranges, ovens, specialized appliances covering the revenue growth of each sub-segment from 2018 to 2030.
- Latin America Household Cooking Appliance Product Outlook (Revenue, USD Million, 2018-2030)
- Cooktops & Cooking Ranges
- Gas cooktops & cooking ranges
- Electrical cooktops & cooking ranges
- Induction cooktops & cooking ranges
- Ovens
- Conventional & Convection
- Microwave
- Combination
- Specialized appliances
- Cooktops & Cooking Ranges
- Latin America Household Cooking Appliance Structure Outlook (Revenue, USD Million, 2018-2030)
- Built-in
- Freestanding
- Latin America Household Cooking Appliance Distribution Channel Outlook (Revenue, USD Million, 2018-2030)
- Brick & Mortar
- E-commerce
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Target buyers of Latin America household cooking appliance market databook
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Our clientele includes a mix of household cooking appliance market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America household cooking appliance market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America household cooking appliance market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Latin America household cooking appliance market size, by country, 2018-2030 (US$M)
Latin America Household Cooking Appliance Market Outlook Share, 2023 & 2030 (US$M)
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