The Latin America slide rails market for home appliances, size is expected to reach $1,734.4 million in 2027, from $1,307.0 million in 2019, growing at a CAGR of 3.6% from 2020 to 2027. Slide rails, also known as linear guides or roller slides, are mainly used for linear motion of drawers in furniture and other appliances. In case of home appliances, slide rails are used in refrigerators, cooking & ovens, dishwashers, washers & dryers, and others. The slide rail products are constructed using stainless steel or aluminum with coating of zinc, electrocoating, or electroplating as per the requirement of appliance. For instance, the slide rails utilized for refrigerators and ovens mainly feature food grade lubricants and components, which can handle temperature variations.
The growth of urbanization in Latin America majorly drives the home appliances market. The increasing manufacturing industry in the region assists in the improvement of living standards of the population. This leads to development of urban cities, thereby driving the demand for home appliances, which, in turn, boosts the slide rails market growth in Latin America.
Moreover, recovery in gross domestic product (GDP) of major countries in the region is a major indicator for economic stability. This economic stability assists majority of population to switch toward better standard of living, which includes consumption of automobiles, home appliances, and electronics. This propels consumption of home appliances, surging the demand for slide rails required in their manufacturing, thereby, driving the growth of the slide rails market in Latin America. Furthermore, increasing focus on public-private partnerships (PPPs) by various governments in Latin America to develop the infrastructure and to improve living conditions of the people, helps in increasing the consumption of home appliances. The development in infrastructure improves the standard of living of population and boosts the consumption of appliances, electronics, automotive, and other products. The propel in consumption of home appliances thereby, drives the slide rails market in the region.
On the contrary, challenging political and economic uncertainties in Latin American countries such as Venezuela, Republic of Guatemala, and Ecuador is likely to restrain the market for slide rails for home appliance applications.
However, the technological advancements in home appliances such as artificial intelligence, digital touch technologies, and others promote the sale of these products. Such features encourage homeowners to upgrade their home appliances with latest technologies. This is anticipated to provide lucrative opportunities for the expansion of slide rails market.
The Latin America side rail market for home appliances is divided on the basis of product type, end-user, and country. By product type, the market is segmented into light-, medium-, and heavy-duty slide rails. By end-user, the market is classified into refrigerators, ovens, dishwashers, and others. The others segment is further classified into cloth washers and laundry dryers.
The Latin America side rail market for home appliances is analyzed across the Brazil, Argentina, Chile, and rest of Latin America. The Brazil is expected to hold the largest market share throughout the study period, and Chile is expected to grow at the fastest rate.
COMPETITION ANALYSIS
The key market players profiled in the report include AB Electrolux, Elesa+Ganter, Midea Group Co., Ltd., Hettich Holding GmbH & Co. oHG, Whirlpool Corporation, THK Co., Ltd. LG Corp., Qingdao Haier Co., Ltd., Robert Bosch GmbH (Bosch Rexroth AG), and ASKO Appliances.
Many competitors in the Latin America side rail market for home appliances adopted product launch as their key developmental strategy to expand their product portfolio for the technological upgradations. For instance, in February 2019, the company Hettich launched new user-friendly movement devices for home appliances including dishwashers, refrigerators, and ovens. The new launched product include Quadro Compact full extension runner system for refrigerators, which provides maximum stability, smooth running performance, and quiet closing action with the integration of silent system technology. In addition, it also launched Quadro runner system for dishwashers, which features over-extension opening of the dishwasher rack.
Similarly, in July 2017, the company Elesa+Ganter launched 13 new variants of telescopic slides to its current product portfolio. The slide can carry loads between 28 and 310 kg. Furthermore, the slides can be used for any application and features dampening systems, latches, detach function, and self-retracting mechanisms.
KEY BENEFITS FOR STAKEHOLDERS
The growth of urbanization in Latin America majorly drives the home appliances market. The increasing manufacturing industry in the region assists in the improvement of living standards of the population. This leads to development of urban cities, thereby driving the demand for home appliances, which, in turn, boosts the slide rails market growth in Latin America.
Moreover, recovery in gross domestic product (GDP) of major countries in the region is a major indicator for economic stability. This economic stability assists majority of population to switch toward better standard of living, which includes consumption of automobiles, home appliances, and electronics. This propels consumption of home appliances, surging the demand for slide rails required in their manufacturing, thereby, driving the growth of the slide rails market in Latin America. Furthermore, increasing focus on public-private partnerships (PPPs) by various governments in Latin America to develop the infrastructure and to improve living conditions of the people, helps in increasing the consumption of home appliances. The development in infrastructure improves the standard of living of population and boosts the consumption of appliances, electronics, automotive, and other products. The propel in consumption of home appliances thereby, drives the slide rails market in the region.
On the contrary, challenging political and economic uncertainties in Latin American countries such as Venezuela, Republic of Guatemala, and Ecuador is likely to restrain the market for slide rails for home appliance applications.
However, the technological advancements in home appliances such as artificial intelligence, digital touch technologies, and others promote the sale of these products. Such features encourage homeowners to upgrade their home appliances with latest technologies. This is anticipated to provide lucrative opportunities for the expansion of slide rails market.
The Latin America side rail market for home appliances is divided on the basis of product type, end-user, and country. By product type, the market is segmented into light-, medium-, and heavy-duty slide rails. By end-user, the market is classified into refrigerators, ovens, dishwashers, and others. The others segment is further classified into cloth washers and laundry dryers.
The Latin America side rail market for home appliances is analyzed across the Brazil, Argentina, Chile, and rest of Latin America. The Brazil is expected to hold the largest market share throughout the study period, and Chile is expected to grow at the fastest rate.
COMPETITION ANALYSIS
The key market players profiled in the report include AB Electrolux, Elesa+Ganter, Midea Group Co., Ltd., Hettich Holding GmbH & Co. oHG, Whirlpool Corporation, THK Co., Ltd. LG Corp., Qingdao Haier Co., Ltd., Robert Bosch GmbH (Bosch Rexroth AG), and ASKO Appliances.
Many competitors in the Latin America side rail market for home appliances adopted product launch as their key developmental strategy to expand their product portfolio for the technological upgradations. For instance, in February 2019, the company Hettich launched new user-friendly movement devices for home appliances including dishwashers, refrigerators, and ovens. The new launched product include Quadro Compact full extension runner system for refrigerators, which provides maximum stability, smooth running performance, and quiet closing action with the integration of silent system technology. In addition, it also launched Quadro runner system for dishwashers, which features over-extension opening of the dishwasher rack.
Similarly, in July 2017, the company Elesa+Ganter launched 13 new variants of telescopic slides to its current product portfolio. The slide can carry loads between 28 and 310 kg. Furthermore, the slides can be used for any application and features dampening systems, latches, detach function, and self-retracting mechanisms.
KEY BENEFITS FOR STAKEHOLDERS
- The report provides an extensive analysis of the current and emerging Latin America side rail market for home appliances trends and dynamics.
- In-depth analysis of the market is conducted by constructing market estimations for the key market segments between 2019 and 2027.
- Extensive analysis of the market is conducted by following key product positioning and monitoring of the top competitors within the market framework.
- A comprehensive analysis of all the regions is provided to determine the prevailing opportunities.
- The Latin America side rail market for home appliances forecast analysis from 2020 to 2027 is included in the report.
- The key market players within the market are profiled in this report and their strategies are analyzed thoroughly, which helps understand the competitive outlook of the industry.
Table of Contents
Chapter 1: Introduction
Chapter 2: Executive Summary
Chapter 3: Market Overview
Chapter 4: Latin America Slide Rail Market for Home Appliances, by Product Type
Chapter 5: Latin America Slide Rails Market for Home Appliances, by End-user
Chapter 6: Latin America Slide Rails Market for Home Appliances, by Country
Chapter 7: Competitive Landscape
Chapter 8: Company Profiles: Latin America Slide Rails Market for Home Appliances
Executive Summary
According to the report titled, 'Latin America Slide Rails Market for Home Appliances by Product Type and End-User: Opportunity Analysis and Industry Forecast, 2020-2027' the Latin America slide rails market size for home appliances is expected to reach $1,734.4 million in 2027, from $1,307.0 million in 2019, growing at a CAGR of 3.6% from 2020 to 2027. In 2019, Brazil dominated the market, in terms of revenue, accounting for 50.3% share of the Latin America slide rails industry for home appliances.Slide rails are used for providing linear motion to drawers in furniture, electronic appliances, industrial devices, and medical devices. In the home appliances market, slide rails are used for refrigerators, ovens, dishwashers, and washing machines, and are available in various load bearing capacities to assist in smooth linear operations. Slide rails are classified into light-, medium-, and heavy-duty rails, depending on the drawer loads in different appliances.
Slide rails are majorly manufactured using aluminum or steel, with outer coating of zinc or electroplating with other metals to prevent corrosion caused due to constant temperature change, moisture, and other external conditions. Currently, different types of slide rails are utilized for a single appliance depending on the application. For instance, a single refrigerator may utilize light- to medium-duty slide rails for shelves, trays, baskets, and drawers, whereas heavy-duty slide rails for bottom-mount freezer drawers or under-counter refrigerated drawers. Furthermore, slide rails majorly utilize ball bearing sliding movement, which is lubricated using food-grade grease to prevent contamination of the food stored inside the oven or the refrigerator.
Further, constant technological developments in software & solutions allow the mining companies to obtain proper risk management; thus, reducing the unplanned expenditure. For instance, by integration of data analytic solutions, the sustainability, safety, and profitability of the mining site can be ensured to a great extent. The involvement of analytics solutions by the U.S.-based software provider Cognizant increased the output of the mine by 8%. In addition, the equipment and mining parts on-time delivery was more than 95%, and the mean time to resolve (MTTR) breaches in services reduced by 5%. The recognition of these advantages can motivate the mining companies to introduce various smart technologies & services in the operations.
The Latin American economy is still in its developing phase, which affects the penetration rate of home appliances and other electronics in majority of households. However, significant growth of urban population in Latin America is an important factor expected to drive the demand for home appliances. For instance, as per the World Bank data, around 86% population resided in urban areas during 2018, which grew from 83% in 2008.. These factors create a healthy demand for appliances such as refrigerators, washing machines, and ovens, which are important part of day-to-day activities. Surge in consumption of home appliances drive the demand for slide rails used in their manufacturing, thereby, driving the Latin America slide rails market growth. Currently, the adoption of refrigerators, and ovens is comparatively higher than that of dishwashers. Hence, these end-users have a significant market for slide rails in Latin America.
The Latin America slide rails market for home appliances is divided on the basis of product type, end-user, and country. By product type, the market is segmented into light-, medium-, and heavy-duty slide rails. By end-user, the market is classified into refrigerators, ovens, dishwashers, and others. The others segment is further classified into cloth washers and laundry dryers.
The Latin America slide rails market analysis for home appliances is conducted across the Brazil, Argentina, Chile, and rest of Latin America. The Brazil is expected to hold the largest market share throughout the study period, and Chile is expected to grow at the fastest rate.
Key Findings of the Study:
By type, the heavy-duty slide rails segment dominated the Latin America slide rails market share for home appliances in 2019, in terms of revenue.
By end-user, the ovens segment is expected to generate high revenues in the Latin America slide rails market for home appliances industry.
By country, Brazil is projected to be one of the most dominant regions and is expected to witness a high growth rate during the forecast period.
The major players operating in the Latin America slide rails industry include AB Electrolux, Elesa+Ganter, Midea Group Co., Ltd., Hettich Holding GmbH & Co. oHG, Whirlpool Corporation, THK Co., Ltd. LG Corp., Qingdao Haier Co., Ltd., Robert Bosch GmbH (Bosch Rexroth AG), and ASKO Appliances.
Companies Mentioned
- AB Electrolux
- Elesa+Ganter
- Midea Group Co. Ltd.
- Hettich Holding GmbH & Co. oHG
- Whirlpool Corporation
- THK Co. Ltd. LG Corp.
- Qingdao Haier Co. Ltd.
- Robert Bosch GmbH (Bosch Rexroth AG)
- ASKO Appliances
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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