The Chile home appliances market size is projected to register a high CAGR during the forecast period, 2021–2028. The growth of the market is attributed to the rising demand for less energy consumable devices.
The home appliances market in Chile is dynamic. Customers have developed and quickly adopted new technology items to smoothen their daily activities. The majority of the home appliances are associated with automating their activities with less human intervention. With the advancement of smart functionality and further developed energy productivity, home appliances have a significant impact on the day to day routine of consumers. Consequently, excellent and durable materials are expected to withstand the wear and tear of home machines.
The COVID-19 pandemic disrupted the home appliances market in first half of 2020 due to supply chain disruption across the globe. On the other hand, worldwide producers of appliances figured out how to address the present circumstances of expanding demand for home appliances. The increasing demand was due to absence of helpers that eased their daily life but outbreak of the virus limited the travel and led to social distancing.
The report on the Chile home appliances market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
Attributes |
Details |
Report Title |
Chile home appliances Market - Chile Industry Analysis, Growth, Share, Size, Trends, and Forecast |
Base Year |
2020 |
Historic Data |
2018–2019 |
Forecast Period |
2021–2028 |
Segmentation |
Major Appliances (Refrigerators, Freezers, Dishwashing Machines, Washing Machines, Cookers and Ovens), Small Appliances (Vacuum Cleaners, Small Kitchen Appliances, Hair Clippers, Irons, Toasters, Grills and Roasters, Hair Dryers, and Others) and Distribution Channels (Supermarkets and Hypermarkets, Specialty Stores, E-commerce, and Others ) |
Geograhpical Zone |
Chile |
Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
Key Players Covered in the Report |
BSH Hausgeräte GmbH; LG Electronics; Whirlpool Corporation; Electrolux AB; and Samsung Electronics. |
Based on major appliances, the market is divided into refrigerators, freezers, dishwashing machines, washing machines, cookers and ovens. The refrigerators segment is estimated to account for a significant share of the market owing to the increasing number of innovative refrigeration products. Refrigerators are broadly utilized across households and business places to provide a convenient and safe methods for food preservation.
In terms of small appliances, the home appliances market is segmented into vacuum cleaners, small kitchen appliances, hair clippers, irons, toasters, grills and roasters, hair dryers, and others. The small kitchen appliances is estimated to account for a key share of the market due to increasing preference for cooking healthy food. On the other hand, the grills and roasters segment is estimated to grow at a steady rate in the projected timeline.
On the basis of distribution channels, the market is classified supermarkets and hypermarkets, specialty stores, e-commerce, and others. The e-commerce segment is projected to expand at a considerable CAGR during the forecast period. E-commerce attributes to ease of shopping from a remote location. An e-commerce store provides advantages such as automated software up gradations, remote accessibility, easy scalability, disaster recovery, and storage flexibility.
The Chile home appliances market has been segmented on the basis of
Chile
Key players competing in the Chile home appliances market are BSH Hausgeräte GmbH; LG Electronics; Whirlpool Corporation; Electrolux AB; and Samsung Electronics.
The Chile home appliances market has been segmented on the basis of
Chile
Key players competing in the Chile home appliances market are BSH Hausgeräte GmbH; LG Electronics; Whirlpool Corporation; Electrolux AB; and Samsung Electronics.
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