Latin America Major Appliances Market Size & Outlook
The major appliances market in Latin America is expected to reach a projected revenue of US$ 34,182.0 million by 2030. A compound annual growth rate of 4.2% is expected of Latin America major appliances market from 2025 to 2030.
Revenue, 2024 (US$M)
$26,916.7
Forecast, 2030 (US$M)
$34,182.0
CAGR, 2025 - 2030
4.2%
Report Coverage
Latin America
Latin America major appliances market, 2018-2030 (US$M)
Related Markets
Latin America major appliances market highlights
- The Latin America major appliances market generated a revenue of USD 26,025.4 million in 2023.
- The market is expected to grow at a CAGR of 4% from 2024 to 2030.
- In terms of segment, refrigerators was the largest revenue generating product in 2023.
- Air Conditioners 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 26,025.4 million |
| Market revenue in 2030 | USD 34,182.0 million |
| Growth rate | 4% (CAGR from 2023 to 2030) |
| Largest segment | Refrigerators |
| Fastest growing segment | Air Conditioners |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Washing Machines, Cooktops, Cooking Ranges, Dishwashers, Refrigerators, Air Conditioners, Microwaves & Ovens, Vacuum Cleaners |
| Key market players worldwide | Whirlpool Corp, Electrolux AB ADR, Samsung Electronics Co Ltd, LG Electronics Inc ADR, Haier Smart Home Co Ltd ADR, Panasonic Holdings Corp, Miele, Bosch, Daikin Industries Ltd, Sharp Corp, IRobot Corp, Midea Group |
Other key industry trends
- In terms of revenue, Latin America region accounted for 6.8% of the global major appliances market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 244,886.3 million by 2030.
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Major Appliances Market Scope
Major appliances market segmentation & scope
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Major Appliances Market Companies
| Name | Profile | # Employees | HQ | Website |
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Latin America major appliances market size, by country, 2018-2030 (US$M)
Latin America Major Appliances Market Outlook Share, 2024 & 2030 (US$M)
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