Chile Home Appliances Market by 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), Distribution Channels (Supermarkets and Hypermarkets, Specialty Stores, E-commerce, and Others), and Country - Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028

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.

Market Trends, Drivers, Restraints, and Opportunities

• Rapid growth in the purchasing power and better access to quality items with reasonable cost are expected to boost the home appliances market growth.
• The presence of online marketplace to buy home appliances is positively influencing the growth of the market.
• Increasing demand of home appliances due to improved living standards is projected to spur market growth in the coming years.
• Power utilization issues of home appliances can hinder the growth of the market.
• Rising adoption of smart home systems in Chile is likewise expected to create lucrative opportunities during the forecast period.

Scope of the Report

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.

Home Appliances Market Segment Insights

Refrigerators segment is expected to grow at a rapid pace

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.

Small kitchen appliances segment is projected to expand at a considerable CAGR

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.

E-commerce segment is projected to expand at a considerable CAGR

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.

Segments

Segments Covered in the Report

The Chile home appliances market has been segmented on the basis of

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
• Others

Distribution Channels

• Supermarkets and Hypermarkets
• Specialty Stores
• E-commerce
• Others

Country

• Chile

Key Players

• BSH Hausgeräte GmbH
• LG Electronics
• Whirlpool Corporation
• Electrolux AB
• Samsung Electronics

Competitive Landscape

Key players competing in the Chile home appliances market are BSH Hausgeräte GmbH; LG Electronics; Whirlpool Corporation; Electrolux AB; and Samsung Electronics.