Brazil Home Appliances Market Size
| Study Period | 2019 - 2028 |
| Base Year For Estimation | 2021 |
| Forecast Data Period | 2024 - 2028 |
| Historical Data Period | 2019 - 2020 |
| CAGR | > 2.90 % |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Brazil Home Appliances Market Analysis
The emerging middle class and an increase in the customer's purchasing power parity are expected to drive the market. Though Brazil's fluctuating economic uncertainty has made customers to be highly selective about their purchasing decisions, the technologically advanced product categories offered by the key manufacturers such as Whirlpool, Electrolux, LG, etc., are attracting customers in a large scale. The demand for multi-functional products than single utility products is on the rise in Brazil along with the growing demand for less energy and water-conserving appliances. The sales volume of the small appliances is on the rise, owing to their shorter lifespan, and, in most cases, consumers are more willing to exchange their small appliances for a newer model. Even with a moderate internet penetration rate which was around 65% in 2019, the online channel of distribution is low and accounts for approximately 6%, owing to the high preference given to physical retail stores by the consumers. The number of customers who prefer to check for different appliances online to decide what they should purchase is high in the country.
Brazil Home Appliances Market Trends
This section covers the major market trends shaping the Brazil Home Appliances Market according to our research experts:
Increasing Cooking and Small Kitchen Appliances Sales are Shaping the Market
Increasing concerns of people to cook healthy are driving the market for cooking and small kitchen appliances. The changing face of the economy is also enabling the customers to spend a little on the products that can ease their daily activity. The market for cooking appliances, especially for cookers, is increasing. The changing family size, the younger generation moving to urban, increasing interest in health and wellness, and the growing number of single-person households is also driving the market for these cooking and small kitchen appliances.
Store Based Sales are Dominating the Market over E-commerce Platforms
Multi-brand stores have grabbed major sales revenue during the study period. Consumer preference can mostly be seen giving to Multi-brand stores rather than the mono-brand or dedicated brand store as they allow them to compare across the brands that are available for their estimated budget. Most of the customers dedicated themselves to certain brands when purchasing a major home appliance. This is more common in the customers that belong to the 40+ age group, whereas it is recorded that millennials are more interested in experimenting with brands. There may be a great scope for an increase in online-based sales when the concerns of the customers are addressed, and this will also widely depend upon the performance of the economy.
Brazil Home Appliances Industry Overview
The report covers major international players operating in Brazil Home Appliances Market. The home appliances market in Brazil holds a great scope for innovative products, making a difference from the existing ones in terms of quality. The market also holds a great scope for online retailers to penetrate by providing advanced services and additional value-added services.
Brazil Home Appliances Market Leaders
Whirlpool Corporation
Electrolux AB
LG Electronics
Samsung Electronics
Panasonic Corporation
*Disclaimer: Major Players sorted in no particular order
Brazil Home Appliances Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Deliverables
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1.2 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET INSIGHTS AND DYNAMICS
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4.1 Market Overview
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4.2 Market Drivers
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4.3 Market Restraints
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4.4 Market Opportunities
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4.5 Supply Chain/ Value Chain Analysis
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4.6 Porter’s Five Forces Analysis
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4.7 Technology Innovations in the Industry
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4.8 Insights on Consumer Expenditure on Household Goods and White Goods
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4.9 Impact of COVID-19 on the Market
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5. MARKET SEGMENTATION
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5.1 Major Appliances
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5.1.1 Refrigerators
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5.1.2 Freezers
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5.1.3 Dishwashing Machines
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5.1.4 Washing Machines
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5.1.5 Cookers and Ovens
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5.2 Small Appliances
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5.2.1 Vacuum Cleaners
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5.2.2 Small Kitchen Appliances
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5.2.3 Hair Clippers
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5.2.4 Irons
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5.2.5 Toasters
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5.2.6 Grills and Roasters
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5.2.7 Hair Dryers
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5.2.8 Other Small Appliances
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5.3 By Distribution Channel
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5.3.1 Multi-brand Stores
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5.3.2 Exclusive Stores
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5.3.3 Online
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5.3.4 Other Distribution Channels
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6. COMPETITIVE LANDSCAPE
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6.1 Company Profiles
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6.1.1 Whirlpool Corporation
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6.1.2 Electrolux AB
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6.1.3 LG Electronics
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6.1.4 Samsung Electronics
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6.1.5 Panasonic Corporation
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6.1.6 Mallory Ltda
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6.1.7 SEB Groupe
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6.1.8 Esmaltec S/A
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6.1.9 Atlas Electrodomesticos
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6.1.10 Other Companies (Gree Electric Appliances Inc, Mondial Eletrodomesticos SA, Mueller Eletrodoméstico, Arno SA, Mallory Ltda)*
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- *List Not Exhaustive
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7. FUTURE OF THE MARKET
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8. APPENDIX
Brazil Home Appliances Industry Segmentation
A complete background analysis of the Brazilian home appliances market, which includes an assessment of the industry associations, overall economy, and emerging market trends by segments, significant changes in the market dynamics, and market overview, is covered in the report.
| 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 | |
| Other Small Appliances |
| By Distribution Channel | |
| Multi-brand Stores | |
| Exclusive Stores | |
| Online | |
| Other Distribution Channels |
Brazil Home Appliances Market Research FAQs
What is the current Brazil Home Appliances Market size?
The Brazil Home Appliances Market is projected to register a CAGR of greater than 2.9% during the forecast period (2023-2028).
Who are the key players in Brazil Home Appliances Market?
Whirlpool Corporation, Electrolux AB, LG Electronics, Samsung Electronics and Panasonic Corporation are the major companies operating in the Brazil Home Appliances Market.
Brazil Household Appliances Industry Report
Statistics for the 2023 Brazil Household Appliances market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Brazil Household Appliances analysis includes a market forecast outlook to 2028 and historical overview. Get a sample of this industry analysis as a free report PDF download.
