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The Argentina home appliance market size reached approximately USD 3.68 billion in 2023. The market is projected to grow at a CAGR of 5.80% between 2024 and 2032, reaching a value of around USD 6.11 billion by 2032.
The home appliance sector in Argentina has witnessed significant developments driven by the increasing consumer demand for compact and energy-efficient home appliances and the integration of cutting-edge features to meet the demands of the growing tech-savvy population.
As per the Argentina home appliance market analysis, the key players in the market are strengthening their position by expanding their manufacturing capabilities and improving production facilities. The inauguration of Whirlpool's state-of-the-art production facility in Fátima, Argentina, marked a significant milestone for the company in October 2022. With an impressive investment of $52 million, this venture showcased Whirlpool's commitment to expanding its manufacturing capabilities and presence in the region.
Moreover, the surge in popularity of voice-activated smart home appliances is a notable trend that is reshaping the way individuals interact with technology. With the rapid evolution of technology and growing automation, voice assistants such as Amazon Alexa, Google Assistant, and Apple Siri have seen a surge in usage and are now being integrated into various household devices, consequently driving up the Argentina home appliance market share.
The offline sector holds a significant share of the market as it provides a diverse range of household appliances, giving buyers the flexibility to select from numerous options that cater to their requirements. Meanwhile, the online sector is projected to witness growth in Argentina's home appliance market owing to its convenience and easy accessibility. It enables consumers to compare prices across different online platforms, helping them find the most suitable deal and available discounts.
“Argentina Home Appliance Market Report and Forecast 2024-2032” offers a detailed analysis of the market based on the following segments:
Market Breakup by Product
Market Breakup by Price Range
Market Breakup by Distribution Channel
The market participants are actively investing in research and development and product innovation to enhance their offerings and gain consumer trust
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Product |
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| Breakup by Price Range |
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| Breakup by Distribution Channel |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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In 2023, the market reached an approximate value of USD 3.68 billion.
The market is projected to grow at a CAGR of 5.80% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach a value of around USD 6.11 billion by 2032.
The market is driven by the integration of automation in the home appliances sector and rising disposable income.
The key trends aiding the market expansion include the rising demand for energy saving home appliances and the increasing sales of home appliances through online channels.
The significant products are major appliances and small appliances.
The different price ranges in the market are low, medium, and high.
The key players in the market are Whirlpool Corporation, Samsung Electronics Co. Ltd., LG Corp., Electrolux AB, Robert Bosch GmbH, Koninklijke Philips N.V., Midea Group Co. Ltd., Hitachi Ltd., Hisense International Co., Ltd. (Gorenje Group), and Mabe, S.A. de C.V., among others.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124
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