Latin America Major Home Appliances Market Size and Share - Outlook Report, Forecast Trends and Growth Analysis (2025-2034)
Market Report I 2025-05-29 I 168 Pages I EMR Inc.
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
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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