Explore the latest trends and actionable insights on the Americas Home Retailing market to inform business strategy and pinpoint opportunities and risks

Market Size of Retail Household Appliances in South and Central America (2017-2021, $ Billion)

  • The South and Central America region in retail household appliances reached a market size of $13 billion in 2021
  • Brazil has the highest contribution of 3% to the global share of the household appliances segment
  • The compound annual growth rate in the South and Central America region for the household appliances segment stood at negative 5% from the period 2017-2021

Household Appliances: Industry Overview

The Household Appliance segment is a widely popular selling product category in the retail industry. The segment is categorized into different products which include household cooking appliances, household refrigerators, household laundry, and small cooking equipment.

The South and Central America region in retail household appliances reached a market size of $13 billion in 2021 witnessing a growth of 9% over the previous year. From the region, Brazil and Argentina are the key markets for household appliances.

From the South and Central America region, Brazil has the highest contribution of 3% to the global share of the household appliances segment. Key players from the South and Central America region in household appliances include AB Electrolux, Whirlpool Corporation, Mabe,  LG, and, Haier Corporation.

The growth in household appliances was primarily due to changing lifestyle of consumers which aided the demand for high-quality automated household appliances which are efficient and user-friendly. Moreover, improvement in the disposable income of individuals further supported the growth of the household appliances segment.

Increased demand for household products due to pandemic restrictions that restricted the outdoor movement of people. Moreover, nations across the globe saw further improvement in the overall demand post-pandemic COVID-19. Moreover, both brick & mortar and online businesses resumed their operations after being under restrictions for a period of almost two years

Overall, Consumer spending on retail products has increased and is expected to witness growth further in the near term on the back of the recovery from the pandemic across nations.

The compound annual growth rate in the South and Central America region for the household appliances segment stood at negative 5% from the period 2017-2021. The growth was primarily impacted by the impact of COVID-19 in 2020 which lowered the demand.

Explore the latest trends and actionable insights on the Americas Home Retailing market to inform business strategy and pinpoint opportunities and risks Explore the latest trends and actionable insights on the Americas Home Retailing market to inform business strategy and pinpoint opportunities and risks Visit Report Store

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