The Latin America major home appliances market size was valued at USD 36.07 Billion in 2024. The market is further projected to grow at a CAGR of 5.20% between 2025 and 2034, reaching a value of USD 59.88 Billion by 2034.
A key trend in the Latin America major home appliances market is a rising demand for frozen prepared foods and a growing need to reduce food waste which drives the demand for refrigerators in the region. Further, consumers are demanding energy-efficient refrigerators that can help lower their electricity bills. This provides an opportunity for manufacturers to ensure that these growing consumers' needs are satisfied by developing reliable and low-emission technology, which also helps customers save on their electricity bills.
Users of major home appliances in Argentina are making more intentional and smarter choices while purchasing the products. For instance, they wait for the right moment and special promotional dates such as Black Friday to find the best price to make purchases.
According to the Latin America major home appliances market, Mexico is a significant producer of major appliances, across the world due to its robust supply chain, proximity to export markets, and stable production expertise. Major home appliances produced in the country include fridges and freezers, and laundry appliances. Due to the optimal conditions for developing domestic home appliances several worldwide home appliance companies, such as Whirlpool, Electrolux, LG, and Mabe, have established facilities within the country. Around 41%of electrical appliances and products manufactured in Mexico are produced in Nuevo Leon.
A key trend in the Latin America major home appliances market is a rising demand for frozen prepared foods and a growing need to reduce food waste which drives the demand for refrigerators in the region. Further, consumers are demanding energy-efficient refrigerators that can help lower their electricity bills. This provides an opportunity for manufacturers to ensure that these growing consumers' needs are satisfied by developing reliable and low-emission technology, which also helps customers save on their electricity bills.
Users of major home appliances in Argentina are making more intentional and smarter choices while purchasing the products. For instance, they wait for the right moment and special promotional dates such as Black Friday to find the best price to make purchases.
According to the Latin America major home appliances market, Mexico is a significant producer of major appliances, across the world due to its robust supply chain, proximity to export markets, and stable production expertise. Major home appliances produced in the country include fridges and freezers, and laundry appliances. Due to the optimal conditions for developing domestic home appliances several worldwide home appliance companies, such as Whirlpool, Electrolux, LG, and Mabe, have established facilities within the country. Around 41%of electrical appliances and products manufactured in Mexico are produced in Nuevo Leon.
Market Segmentation
Latin America Major Home Appliances Market Report and Forecast 2025-2034 offers a detailed analysis of the market based on the following segments.Market Breakup by Product:
- Refrigerators
- Dishwashers
- Washing Machines
- Ovens
- Others
Market Breakup by Price Range:
- Economy
- Mid-Economy
- Premium
Market Breakup by Distribution Channel:
- Supermarkets and Hypermarkets
- Specialty Stores
- Online
- Others
Market Breakup by Region:
- Brazil
- Mexico
- Argentina
- Others
Competitive Landscape
The key players in the major home appliances market in Latin America are developing high-quality and sustainable products that offer energy-saving benefits.- Robert Bosch GmbH
- Electrolux AB
- Samsung Electronics Co. Ltd.
- LG Electronics Inc.
- Whirlpool Corporation
- Panasonic Holdings Corporation
- Hisense Corporation
- Mabe S.A. de C.V.
- Gree Electric Appliances, lnc.
- Midea Group Co. Ltd.
- Others
Table of Contents
1 Executive Summary
2 Market Overview and Stakeholder Insights
3 Economic Summary
4 Country Risk Profiles
5 Global Major Home Appliances Market Overview
6 Latin America Major Home Appliances Market Overview
7 Latin America Major Home Appliances Market by Product
8 Latin America Major Home Appliances Market by Price Range
9 Latin America Major Home Appliances Market by Distribution Channel
10 Latin America Major Home Appliances Market by Country
11 Market Dynamics
12 Trade Data Analysis (HS Code - 845, 84182)
13 Competitive Landscape
Companies Mentioned
- Robert Bosch GmbH
- Electrolux AB
- Samsung Electronics Co. Ltd.
- LG Electronics Inc.
- Whirlpool Corporation
- Panasonic Holdings Corporation
- Hisense Corporation
- Mabe S.A. de C.V.
- Gree Electric Appliances, lnc.
- Midea Group Co. Ltd.
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 168 |
| Published | May 2025 |
| Forecast Period | 2025 - 2034 |
| Estimated Market Value ( USD | $ 36.07 Billion |
| Forecasted Market Value ( USD | $ 59.88 Billion |
| Compound Annual Growth Rate | 5.2% |
| Regions Covered | Latin America |
| No. of Companies Mentioned | 10 |
