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South America Built-In Kitchen Appliances Market Outlook, 2028

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    Report

  • 82 Pages
  • December 2022
  • Bonafide Research
  • ID: 5731815
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In the current growing global marketplace, the demand for built-in kitchen appliances is increasing in South America. With an emerging middle class possessing rising purchasing power, home appliances are expected to experience growth both in basic products and in the more technologically advanced product categories. The current demand for basic kitchen appliances like washing machines and fridges, as well as the projected future demand for premium, smart, and high-value-added products, will be driven by one segment of the population: a rapidly urbanizing population of young people. The increasing number of nuclear families, changing food habits, and the growing number of working women and single professionals are expected to drive the growth of the market over the forecast period. Stringent energy efficiency regulations applicable in different parts of the world, easy availability of household kitchen appliances on e-commerce websites, growing preference for home automation, and continued launches of smart cooking products are expected to contribute to the growth of built-in kitchen appliances.

According to the research report, South America Built-in Kitchen Appliances Market Outlook, 2028 the market is anticipated to grow at 6.22% CAGR during the forecast period. The construction sector is witnessing substantial demand for enhanced and connected homes equipped with technologically advanced appliances and devices. Developing countries such as Brazil have made interesting strides in smart home developments, which imply an increase in the adoption of built-in kitchen appliances. The South American market has witnessed substantial growth in the number of smart homes, and the country is expected to experience similar trends in the coming years. The rapid shift in the mindsets of the Brazilian population is heavily impacting the growth of smart homes with integrated appliances such as built-in ovens, built-in hobs, built-in hoods, built-in refrigerators, built-in dishwashers, and others. Among these segments, built-in refrigerators are projected to lead the market during the forecast period. However, built-in hobs are expected to grow at a higher CAGR by the end of the forecast period.

According to the report, the South American market is segmented into three major countries, including Brazil, Argentina, and Colombia. Brazil and Argentina are the two most important markets in the South American built-in kitchen appliance market. They offer both modern appliances as well as more traditional ones, which can be helpful in catering to different lifestyles and budgets across various regions with varying levels of disposable income available to them at any point in time, thus making it an attractive region when expanding into such market segments within South America. Owing to the change in the mindset of the population, mostly among the people in developed countries and a few in developing countries, the built-in kitchen appliances market is expected to have a positive outlook in the future. Also, the hospitality industry in various geographies is procuring robotic or built-in technologies and connected technologies to enhance customer satisfaction. Various hotel management teams are showcasing interest in transforming their kitchens into smart built-in kitchens with the procurement of these kitchen appliances. Based on application segmentation, the commercial segment is expected to command more than 60% of the market in 2022.

The South American business area is investing in innovation and brand building to achieve a sharper product offering and a stronger market position. In addition, ongoing investments in modularization, automation, and digitalization accelerate time-to-market, reduce complexity, and drive cost efficiencies. Local manufacturing is a competitive advantage as several of the main markets, such as Brazil and Argentina, are protected by customs tariffs. A growing middle class provides good opportunities for long-term growth. Sales are driven through well-established brands including Electrolux and Continental in Brazil, Electrolux and Gafa in Argentina, and Frigidaire in the northern part of the region. However, in Brazil, the penetration of microwaves is currently less than half of all households in the country, presenting a lower rate in comparison with other South American countries, such as Chile. There is plenty of room for expansion, particularly in the country's Northeast and North, where consumption of such appliances is strongly linked to economic stimulus and government financial aid. Furthermore, e-commerce and digital advertising contribute to the growth and are expected to be potent growth proliferators in the market in the coming time zone.

Further, the growing number of working women who seek automatic and connected appliances with less manual involvement saves time, and this is resulting in the purchase of premium, technically advanced built-in appliances that are further expected to bolster the growth of the market in the South America region in the forthcoming years.

Covid-19 Impacts:

The outbreak of the COVID-19 pandemic took its toll on market growth in early 2020 as a result of the temporary shutdowns of production plants, the shortage of labor, and disrupted logistics operations. The challenges can be attributed to the stringent restrictions, including lockdowns, imposed by various governments worldwide to arrest the spread of the disease. As a result, market players had to confront dwindling sales initially. Nevertheless, as the governments relaxed some of the restrictions, online sales of American-built household appliances particularly gained traction. Apart from e-commerce portals, brick-and-mortar stores also resumed operations, and the sales of these appliances increased as a majority of the people continued to work from home and spend most of their time in their households.

Major Companies present in the market:

BSH Hausgeräte, Electrolux, Whirlpool, ROBAM, Elica, Vatti, Panasonic, Gorenje, Macro, GD Midea Holding, Samsung Electronics Co. Ltd, LG Electronics Inc., Hitachi Appliances Inc., Koninklijke Philips N.V., Haier, Hafele appliances, Sub-Zero Group, Inc., Miele & Cie. KG.

Considered in this report

  • Geography: South America
  • Historic year: 2017
  • Base year: 2022
  • Estimated year: 2023
  • Forecast year: 2028

Aspects covered in this report

  • South America built-in kitchen appliances market with its value and forecast along with its segments
  • Country-wise built-in kitchen appliances market analysis
  • Various drivers and challenges
  • On-going trends and developments
  • Top profiled companies
  • Strategic recommendation

Countries covered in the report:

  • Brazil
  • Argentina
  • Colombia

By Product Type:

  • Built-In Ovens
  • Built-In Hobs
  • Built-In Hoods
  • Built-In Refrigerators
  • Built-In Dishwashers
  • Others (Trash cans cabinets, coffee maker, etc.)

By Application Type:

  • Commercial
  • Residential

Intended audience:

This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to the built-in kitchen appliances industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.

Table of Contents

1. Executive Summary

2. Market Dynamics
2.1. Market Drivers
2.2. Challenges
2.3. Opportunity
2.4. Restraints
2.5. Market Trends
2.6. Covid-19 Effect
2.7. Supply chain Analysis
2.8. Policy & Regulatory Framework
2.9. Industry Experts Views

3. Research Methodology
3.1. Secondary Research
3.2. Primary Data Collection
3.3. Market Formation & Validation
3.4. Report Writing, Quality Check & Delivery

4. Market Structure
4.1. Market Considerate
4.2. Assumptions
4.3. Limitations
4.4. Abbreviations
4.5. Sources
4.6. Definitions

5. Economic /Demographic Snapshot

6. Competitive Landscape
6.1. Competitive Dashboard
6.2. Business Strategies Adopted by Key Players
6.3. Key Players Market Share Insights and Analysis, 2022
6.4. Key Players Market Positioning Matrix
6.5. Consolidated SWOT Analysis of Key Players
6.6. Porter's Five Forces

7. Global Built-In Kitchen Appliances Market Outlook
7.1. Market Size By Value
7.2. Market Size and Forecast, By Geography
7.3. Market Size and Forecast, By Product Type
7.4. Market Size and Forecast, By Application Type

8. South America Built-In Kitchen Appliances Market Outlook
8.1. Market Size By Value
8.2. Market Share By Country
8.3. Market Size and Forecast By Product Type
8.4. Market Size and Forecast By Application Type
8.5. Brazil Built-In Kitchen Appliances Market Outlook
8.5.1. Market Size By Value
8.5.2. Market Size and Forecast By Product Type
8.5.3. Market Size and Forecast By Application Type
8.6. Argentina Built-In Kitchen Appliances Market Outlook
8.6.1. Market Size By Value
8.6.2. Market Size and Forecast By Product Type
8.6.3. Market Size and Forecast By Application Type
8.7. Columbia Built-In Kitchen Appliances Market Outlook
8.7.1. Market Size By Value
8.7.2. Market Size and Forecast By Product Type
8.7.3. Market Size and Forecast By Application Type

9. Company Profile
9.1. BSH Home Appliances
9.1.1. Company Snapshot
9.1.2. Company Overview
9.1.3. Financial Highlights
9.1.4. Geographic Insights
9.1.5. Business Segment & Performance
9.1.6. Product Portfolio
9.1.7. Key Executives
9.1.8. Strategic Moves & Developments
9.2. Electrolux
9.3. Whirlpool
9.4. ROBAM
9.5. Elica
9.6. Vatti
9.7. Panasonic
9.8. Gorenje
9.9. Arcelik AS
9.10. GD Midea Holding
9.11. Samsung Electronics Co. Ltd
9.12. LG Electronics Inc.
9.13. Hitachi Appliances Inc.
9.14. Koninklijke Philips N.V.
9.15. GE Appliances
9.16. Hafele appliances
9.17. Sub-Zero Group, Inc.
9.18. Miele & Cie. KG

10. Strategic Recommendations

11. Annexure
11.1. FAQ`s
11.2. Notes
11.3. Related Reports

12. Disclaimer

List of Figures
Figure 1: Global Built-In Kitchen Appliances Market Size (USD Million) By Region, 2022 & 2028
Figure 2: Market attractiveness Index, By Region 2028
Figure 3: Market attractiveness Index, By Product Type 2028
Figure 4: Competitive Dashboard of top 5 players, 2022
Figure 5: Market Share insights of key players, 2022
Figure 6: Porter's Five Forces of Global Built-In Kitchen Appliances Market
Figure 7: Global Built-In Kitchen Appliances Market Size By Value (2017, 2022 & 2028F) (in USD Million)
Figure 8: Global Built-In Kitchen Appliances Market Share By Region (2022)
Figure 9: South America Built-In Kitchen Appliances Market Size By Value (2017, 2022 & 2028F) (in USD Million)
Figure 10: South America Built-In Kitchen Appliances Market Share By Country (2022)
Figure 11: Brazil Built-In Kitchen Appliances Market Size By Value (2017, 2022 & 2028F) (in USD Million)
Figure 12: Argentina Built-In Kitchen Appliances Market Size By Value (2017, 2022 & 2028F) (in USD Million)
Figure 13: Columbia Built-In Kitchen Appliances Market Size By Value (2017, 2022 & 2028F) (in USD Million)

List of Table
Table 1: Global Built-In Kitchen Appliances Market Snapshot, By Segmentation (2022 & 2028) (in USD Million)
Table 2: Influencing Factors for Global Built-In Kitchen Appliances Market, 2022
Table 3: Top 10 Counties Economic Snapshot 2020
Table 4: Economic Snapshot of Other Prominent Countries 2020
Table 5: Average Exchange Rates for Converting Foreign Currencies into U.S. Dollars
Table 6: Global Built-In Kitchen Appliances Market Size and Forecast, By Geography (2017 to 2028F) (In USD Million)
Table 7: Global Built-In Kitchen Appliances Market Size and Forecast, By Product Type (2017 to 2028F) (In USD Million)
Table 8: Global Built-In Kitchen Appliances Market Size and Forecast, By Application Type (2017 to 2028F) (In USD Million)
Table 9: South America Built-In Kitchen Appliances Market Size and Forecast By Product Type (2017 to 2028F) (In USD Million)
Table 10: South America Built-In Kitchen Appliances Market Size and Forecast By Application Type (2017 to 2028F) (In USD Million)
Table 11: Brazil Built-In Kitchen Appliances Market Size and Forecast By Product Type (2017, 2022 & 2028F)
Table 12: Brazil Built-In Kitchen Appliances Market Size and Forecast By Application Type (2017, 2022 & 2028F)
Table 13: Argentina Built-In Kitchen Appliances Market Size and Forecast By Product Type (2017, 2022 & 2028F)
Table 14: Argentina Built-In Kitchen Appliances Market Size and Forecast By Application Type (2017, 2022 & 2028F)
Table 15: Columbia Built-In Kitchen Appliances Market Size and Forecast By Product Type (2017, 2022 & 2028F)
Table 16: Columbia Built-In Kitchen Appliances Market Size and Forecast By Application Type (2017, 2022 & 2028F)