Latin America Smart Kitchen Appliances Market Size & Outlook
Latin America smart kitchen appliances market, 2017-2030 (US$M)
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Latin America smart kitchen appliances market highlights
- The Latin America smart kitchen appliances market generated a revenue of USD 1,305.2 million in 2022.
- The market is expected to grow at a CAGR of 15.1% from 2023 to 2030.
- In terms of segment, smart refrigerators was the largest revenue generating product in 2022.
- Smart Cookware & Cooktops 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 2023 to 2030.
Latin America data book summary
| Market revenue in 2022 | USD 1,305.2 million |
| Market revenue in 2030 | USD 4,011.4 million |
| Growth rate | 15.1% (CAGR from 2022 to 2030) |
| Largest segment | Smart refrigerators |
| Fastest growing segment | Smart Cookware & Cooktops |
| Historical data covered | 2017 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Smart Refrigerators, Smart Cookware & Cooktops, Smart Dishwashers, Smart Ovens, Other Appliances |
| Key market players worldwide | Whirlpool Corp, LG Electronics Inc ADR, Electrolux AB ADR, Samsung Electronics Co Ltd, Haier Smart Home Co Ltd ADR, Panasonic Holdings Corp, Bosch, Breville Group Ltd, Miele, Daewoo International |
Other key industry trends
- In terms of revenue, Latin America region accounted for 8.3% of the global smart kitchen appliances market in 2022.
- 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 2,258.7 million by 2030.
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Smart Kitchen Appliances Market Scope
Smart Kitchen Appliances Market Companies
| Name | Profile | # Employees | HQ | Website |
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Latin America smart kitchen 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 smart kitchen appliances market will help companies and investors design strategic landscapes.
Smart refrigerators was the largest segment with a revenue share of 34.62% in 2022. Horizon Databook has segmented the Latin America smart kitchen appliances market based on smart refrigerators, smart cookware & cooktops, smart dishwashers, smart ovens, other appliances covering the revenue growth of each sub-segment from 2017 to 2030.
Economically, Central & South American countries are witnessing record rates of the population moving out of poverty to the middle-class group. According to the World Bank, over the last decade, 50 million people in the region entered the middle-income bracket (USD 10–50 per capita per day), with most of them being young income earners.
The Central & South America region is characterized by rapid urbanization and the resulting demand for housing units. The region is home to fast-developing economies such as Brazil, the Caribbean, Peru, Uruguay, Colombia, and Chile. Central & South America has traditionally been laden with unorganized housing locales in rural areas, with little access to consumer markets.
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Our clientele includes a mix of smart kitchen appliances market companies, investment firms, advisory firms & academic institutions.
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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 smart kitchen appliances market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America smart kitchen appliances market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America smart kitchen appliances market size, by country, 2017-2030 (US$M)
Latin America Smart Kitchen Appliances Market Outlook Share, 2022 & 2030 (US$M)
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