Latin America Major Home Appliances Market Size and Share - Outlook Report, Forecast Trends and Growth Analysis (2025-2034)
Description
The Latin America major home appliances market size was valued at USD 36.07 Billion in 2024. The market is further projected to grow at a CAGR of 5.20% between 2025 and 2034, reaching a value of USD 59.88 Billion by 2034.
A key trend in the Latin America major home appliances market is a rising demand for frozen prepared foods and a growing need to reduce food waste which drives the demand for refrigerators in the region. Further, consumers are demanding energy-efficient refrigerators that can help lower their electricity bills. This provides an opportunity for manufacturers to ensure that these growing consumers' needs are satisfied by developing reliable and low-emission technology, which also helps customers save on their electricity bills.
Users of major home appliances in Argentina are making more intentional and smarter choices while purchasing the products. For instance, they wait for the right moment and special promotional dates such as Black Friday to find the best price to make purchases.
According to the Latin America major home appliances market, Mexico is a significant producer of major appliances, across the world due to its robust supply chain, proximity to export markets, and stable production expertise. Major home appliances produced in the country include fridges and freezers, and laundry appliances. Due to the optimal conditions for developing domestic home appliances several worldwide home appliance companies, such as Whirlpool, Electrolux, LG, and Mabe, have established facilities within the country. Around 41%of electrical appliances and products manufactured in Mexico are produced in Nuevo Leon.
Market Segmentation
Latin America Major Home Appliances Market Report and Forecast 2025-2034 offers a detailed analysis of the market based on the following segments.
Market Breakup by Product:
Refrigerators
Dishwashers
Washing Machines
Ovens
Others
Market Breakup by Price Range:
Economy
Mid-Economy
Premium
Market Breakup by Distribution Channel:
Supermarkets and Hypermarkets
Specialty Stores
Online
Others
Market Breakup by Region:
Brazil
Mexico
Argentina
Others
Competitive Landscape
The key players in the major home appliances market in Latin America are developing high-quality and sustainable products that offer energy-saving benefits.
Robert Bosch GmbH
Electrolux AB
Samsung Electronics Co. Ltd.
LG Electronics Inc.
Whirlpool Corporation
Panasonic Holdings Corporation
Hisense Corporation
Mabe S.A. de C.V.
Gree Electric Appliances, lnc.
Midea Group Co. Ltd.
Others
A key trend in the Latin America major home appliances market is a rising demand for frozen prepared foods and a growing need to reduce food waste which drives the demand for refrigerators in the region. Further, consumers are demanding energy-efficient refrigerators that can help lower their electricity bills. This provides an opportunity for manufacturers to ensure that these growing consumers' needs are satisfied by developing reliable and low-emission technology, which also helps customers save on their electricity bills.
Users of major home appliances in Argentina are making more intentional and smarter choices while purchasing the products. For instance, they wait for the right moment and special promotional dates such as Black Friday to find the best price to make purchases.
According to the Latin America major home appliances market, Mexico is a significant producer of major appliances, across the world due to its robust supply chain, proximity to export markets, and stable production expertise. Major home appliances produced in the country include fridges and freezers, and laundry appliances. Due to the optimal conditions for developing domestic home appliances several worldwide home appliance companies, such as Whirlpool, Electrolux, LG, and Mabe, have established facilities within the country. Around 41%of electrical appliances and products manufactured in Mexico are produced in Nuevo Leon.
Market Segmentation
Latin America Major Home Appliances Market Report and Forecast 2025-2034 offers a detailed analysis of the market based on the following segments.
Market Breakup by Product:
Refrigerators
Dishwashers
Washing Machines
Ovens
Others
Market Breakup by Price Range:
Economy
Mid-Economy
Premium
Market Breakup by Distribution Channel:
Supermarkets and Hypermarkets
Specialty Stores
Online
Others
Market Breakup by Region:
Brazil
Mexico
Argentina
Others
Competitive Landscape
The key players in the major home appliances market in Latin America are developing high-quality and sustainable products that offer energy-saving benefits.
Robert Bosch GmbH
Electrolux AB
Samsung Electronics Co. Ltd.
LG Electronics Inc.
Whirlpool Corporation
Panasonic Holdings Corporation
Hisense Corporation
Mabe S.A. de C.V.
Gree Electric Appliances, lnc.
Midea Group Co. Ltd.
Others
Table of Contents
168 Pages
- 1 Executive Summary
- 1.1 Market Size 2024-2025
- 1.2 Market Growth 2025(F)-2034(F)
- 1.3 Key Demand Drivers
- 1.4 Key Players and Competitive Structure
- 1.5 Industry Best Practices
- 1.6 Recent Trends and Developments
- 1.7 Industry Outlook
- 2 Market Overview and Stakeholder Insights
- 2.1 Market Trends
- 2.2 Key Verticals
- 2.3 Key Countries
- 2.4 Supplier Power
- 2.5 Buyer Power
- 2.6 Key Market Opportunities and Risks
- 2.7 Key Initiatives by Stakeholders
- 3 Economic Summary
- 3.1 GDP Outlook
- 3.2 GDP Per Capita Growth
- 3.3 Inflation Trends
- 3.4 Democracy Index
- 3.5 Gross Public Debt Ratios
- 3.6 Balance of Payment (BoP) Position
- 3.7 Population Outlook
- 3.8 Urbanisation Trends
- 4 Country Risk Profiles
- 4.1 Country Risk
- 4.2 Business Climate
- 5 Global Major Home Appliances Market Overview
- 5.1 Key Industry Highlights
- 5.2 Global Major Home Appliances Historical Market (2018-2024)
- 5.3 Global Major Home Appliances Market Forecast (2025-2034)
- 5.4 Global Major Home Appliances Market Share by Region
- 5.4.1 North America
- 5.4.2 Europe
- 5.4.3 Asia Pacific
- 5.4.4 Latin America
- 5.4.5 Middle East and Africa
- 6 Latin America Major Home Appliances Market Overview
- 6.1 Key Industry Highlights
- 6.2 Latin America Major Home Appliances Historical Market (2018-2024)
- 6.3 Latin America Major Home Appliances Market Forecast (2025-2034)
- 7 Latin America Major Home Appliances Market by Product
- 7.1 Refrigerators
- 7.1.1 Historical Trend (2018-2024)
- 7.1.2 Forecast Trend (2025-2034)
- 7.2 Dishwashers
- 7.2.1 Historical Trend (2018-2024)
- 7.2.2 Forecast Trend (2025-2034)
- 7.3 Washing Machines
- 7.3.1 Historical Trend (2018-2024)
- 7.3.2 Forecast Trend (2025-2034)
- 7.4 Ovens
- 7.4.1 Historical Trend (2018-2024)
- 7.4.2 Forecast Trend (2025-2034)
- 7.5 Others
- 8 Latin America Major Home Appliances Market by Price Range
- 8.1 Economy
- 8.1.1 Historical Trend (2018-2024)
- 8.1.2 Forecast Trend (2025-2034)
- 8.2 Mid-Economy
- 8.2.1 Historical Trend (2018-2024)
- 8.2.2 Forecast Trend (2025-2034)
- 8.3 Premium
- 8.3.1 Historical Trend (2018-2024)
- 8.3.2 Forecast Trend (2025-2034)
- 9 Latin America Major Home Appliances Market by Distribution Channel
- 9.1 Supermarkets and Hypermarkets
- 9.1.1 Historical Trend (2018-2024)
- 9.1.2 Forecast Trend (2025-2034)
- 9.2 Specialty Stores
- 9.2.1 Historical Trend (2018-2024)
- 9.2.2 Forecast Trend (2025-2034)
- 9.3 Online
- 9.3.1 Historical Trend (2018-2024)
- 9.3.2 Forecast Trend (2025-2034)
- 9.4 Others
- 10 Latin America Major Home Appliances Market by Country
- 10.1 Brazil
- 10.1.1 Historical Trend (2018-2024)
- 10.1.2 Forecast Trend (2025-2034)
- 10.2 Mexico
- 10.2.1 Historical Trend (2018-2024)
- 10.2.2 Forecast Trend (2025-2034)
- 10.3 Argentina
- 10.3.1 Historical Trend (2018-2024)
- 10.3.2 Forecast Trend (2025-2034)
- 10.4 Others
- 11 Market Dynamics
- 11.1 SWOT Analysis
- 11.1.1 Strengths
- 11.1.2 Weaknesses
- 11.1.3 Opportunities
- 11.1.4 Threats
- 11.2 Porter’s Five Forces Analysis
- 11.2.1 Supplier’s Power
- 11.2.2 Buyer’s Power
- 11.2.3 Threat of New Entrants
- 11.2.4 Degree of Rivalry
- 11.2.5 Threat of Substitutes
- 11.3 Key Indicators of Demand
- 11.4 Key Indicators of Price
- 12 Trade Data Analysis (HS Code – 845, 84182)
- 12.1 Major Importing Countries
- 12.1.1 By Volume
- 12.1.2 By Value
- 12.2 Major Exporting Countries
- 12.2.1 By Volume
- 12.2.2 By Value
- 13 Competitive Landscape
- 13.1 Supplier Selection
- 13.2 Key Global Players
- 13.3 Key Regional Players
- 13.4 Key Player Strategies
- 13.5 Company Profiles
- 13.5.1 Robert Bosch GmbH
- 13.5.1.1 Company Overview
- 13.5.1.2 Product Portfolio
- 13.5.1.3 Demographic Reach and Achievements
- 13.5.1.4 Certifications
- 13.5.2 Electrolux AB
- 13.5.2.1 Company Overview
- 13.5.2.2 Product Portfolio
- 13.5.2.3 Demographic Reach and Achievements
- 13.5.2.4 Certifications
- 13.5.3 Samsung Electronics Co. Ltd.
- 13.5.3.1 Company Overview
- 13.5.3.2 Product Portfolio
- 13.5.3.3 Demographic Reach and Achievements
- 13.5.3.4 Certifications
- 13.5.4 LG Electronics Inc.
- 13.5.4.1 Company Overview
- 13.5.4.2 Product Portfolio
- 13.5.4.3 Demographic Reach and Achievements
- 13.5.4.4 Certifications
- 13.5.5 Whirlpool Corporation
- 13.5.5.1 Company Overview
- 13.5.5.2 Product Portfolio
- 13.5.5.3 Demographic Reach and Achievements
- 13.5.5.4 Certifications
- 13.5.6 Panasonic Holdings Corporation
- 13.5.6.1 Company Overview
- 13.5.6.2 Product Portfolio
- 13.5.6.3 Demographic Reach and Achievements
- 13.5.6.4 Certifications
- 13.5.7 Hisense Corporation
- 13.5.7.1 Company Overview
- 13.5.7.2 Product Portfolio
- 13.5.7.3 Demographic Reach and Achievements
- 13.5.7.4 Certifications
- 13.5.8 Mabe S.A. de C.V.
- 13.5.8.1 Company Overview
- 13.5.8.2 Product Portfolio
- 13.5.8.3 Demographic Reach and Achievements
- 13.5.8.4 Certifications
- 13.5.9 Gree Electric Appliances, lnc.
- 13.5.9.1 Company Overview
- 13.5.9.2 Product Portfolio
- 13.5.9.3 Demographic Reach and Achievements
- 13.5.9.4 Certifications
- 13.5.10 Midea Group Co. Ltd.
- 13.5.10.1 Company Overview
- 13.5.10.2 Product Portfolio
- 13.5.10.3 Demographic Reach and Achievements
- 13.5.10.4 Certifications
- 13.5.11 Others
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