Latin America Kitchen Appliances Market Size, Share, Report 2023-2028
El informe del estudio de mercado de Informes de Expertos titulado, ‘El Mercado Latinoamericano de Electrodomésticos de Cocina, Informe y Pronóstico 2023-2028′, ofrece una visión estructurada del mercado, examinando sus diversos segmentos y variables clave como producto, tipo, tipo de combustible, usuario final, estructura de producto, canales de distribución y las regiones. La investigación recoge un sólido pronóstico de la presencia de factores clave de éxito y limitaciones, sigue a los proveedores bien establecidos y las últimas tendencias de la industria que impactan en el objetivo de crecimiento del mercado global. También evalúa la dinámica del mercado y la relación entre la demanda de los consumidores y el precio del producto, junto con la auditoría de los modelos FODA y de las cinco fuerzas de Porter.
The market study report by Informes de Expertos titled, ‘Latin America Kitchen Appliances Market 2023-2028’, gives structured insights into the market, examining its diverse segments and key variables such as product, type, fuel type, end-user, product structure, distribution channels, and key regions. The research gathers robust forecasting of the presence of key success factors and constraints, tracks well-established vendors, and the latest trends in the industry that impact the growth goal of the overall market. It also assesses the market dynamics, and the relationship between consumer demand and product price, coupled with the audit of SWOT and Porter’s Five Forces models.
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Los aspectos más destacados del informe incluyen:
Visión general del mercado (2018-2028)
• CAGR para el período de pronóstico (2023-2028): 5,7%
Se espera que el mercado de electrodomésticos de cocina en América Latina crezca a un ritmo moderado en los próximos años y la demanda está impulsada por varios factores, entre ellos, la rápida urbanización y la integración de los avances tecnológicos. Los consumidores prefieren estos electrodomésticos por su comodidad, portabilidad y facilidad de apertura. Se prevé que la creciente demanda de productos de conveniencia en América Latina impulse el crecimiento del mercado de electrodomésticos de cocina en la región.
Además, el aumento de la población de clase media y el auge paralelo de la renta disponible en América Latina está ampliando las necesidades del mercado de electrodomésticos de cocina de la población de clase trabajadora. En general, se calcula que el mercado objetivo de la región siga creciendo en los próximos años, estimulado por estos y otros factores. También se anticipa que el mercado se beneficie de la creciente adopción de tecnologías digitales, que permiten una mayor personalización y tiradas de producción más cortas.
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Industry Definition and Major Segments
Kitchen appliances refer to a wide range of electric or gas-powered machines that are typically used in the kitchen for cooking, preparing food and storing it. Some examples of kitchen appliances are refrigerators, ovens, stoves, microwaves, toasters, coffee makers, mixers, food processors, dishwashers, and slow cookers, among others. These tools are an indispensable component of contemporary kitchens because they make a variety of tasks in the kitchen easier and more comfortable.
Depending on the product, the market is segmented into:
• Refrigerator
• Cookware and Cooktop
• Dishwasher
• Microwave Ovens
• Mixers and Grinders
• Food Processors
• Water Purifiers
• Others
According to the type, the industry is segmented as:
• Traditional
• Intelligent
By the type of fuel, the market is classified between:
• Cooking Gas
• Electricity
• Others
On the end-user basis, the industry is classified as:
• Domestic
• Commercial
The industry according to product structure, is divided between:
• Free-Stand Appliances
• Built-In
By distribution channels, the target market is segmented between:
• Supermarkets and Hypermarkets
• Multi-brand stores
• Exclusive Stores
• Online
• Others
Key regions covered include:
• Brazil
• Argentina
• Mexico
• Peru
• Colombia
• Others
Market Trends
The kitchen appliance market in Latin America was valued at USD 48.7 billion in 2022 and is expected to grow during the forecast period owing to growing middle-class population and urbanisation, growing consumerism and the consequent need for convenient products. Furthermore, the growing e-commerce industry and heightened utilisation of online platforms for shopping appliances due to profitability and product convenience are also providing a boost to the market.
Henceforth, a lot of fascinating modifications to the product and the material have also been done to ameliorate its demand. Since, they are used extensively by the working-class population, the demand is evolving in the sector of sustainability and biodegradable product advancements. Additionally, health awareness is growing among Latin American consumers, leading to increased need for healthy kitchen appliances such as air fryers, steamers, and slow cookers. Overall, these growth factors have contributed to the steady growth of the kitchen appliance market in Latin America, and this trend is expected to continue in the coming years.
Key Market Players
The major players in the market are:
• LG Electronics, Inc
• MK Eletrodomésticos Mondial S/A
• Midea Group
• Panasonic Corporation
• AB Electrolux
• Tramontina
• Whirlpool Corporation
• Samsung Electronics Co., Ltd.
• BSH Hausgeräte GmbH
• Mabe S.A. de C.V.
• Others
This report covers their profiles and provides information on expansions, investments and mergers and acquisitions, among other latest industry developments.
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About Us
Informes de Expertos, the Spanish variant of Expert Market Research, is a platform that offers market research and consultancy services to a broad clientele base across Spanish speaking countries. With our primary focus on the Latin America and Spain markets, our research experts provide relevant and actionable insights into the markets and track major trends, economic developments, and global trade data.
Determined to bring client satisfaction, we make sure that our tailored approach meets the client’s unique market intelligence requirements. Our syndicated and customized research reports cover a wide spectrum of industries ranging from pharmaceuticals and food and beverage to packaging, logistics, and transportation.
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