Colombia Laundry Appliances Market Size & Share Analysis - Growth Trends & Forecasts (2023 - 2028)

Colombia Laundry Appliances Market is segmented by are Distribution Channel (Supermarkets and Hypermarkets, Specialty Stores, E-commerce, and Other Distribution Channels).

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Colombia Laundry Appliances Market Size

Colombia Laundry Appliances Market Size
Study Period 2019 - 2028
Base Year For Estimation 2021
Forecast Data Period 2024 - 2028
Historical Data Period 2019 - 2020
CAGR > 2.00 %

Major Players

Colombia Laundry Appliances Market Key Players

*Disclaimer: Major Players sorted in no particular order
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Colombia Laundry Appliances Market Analysis

The Colombian market is a very important market when compared to other markets in South America countries. Consumers in the market demand very different products of basic kind and also high-end products are needed at the same time. The rising number of consumers and purchasing power is expected to drive the market of laundry appliances in the Colombia Laundry Appliances market. There is a demand for high energy-efficient laundry appliances in the market in Colombia owing to meet resources and energy guideline requirements. The rise in household income is also influencing the demand for premium category laundry appliances in the market.

Additionally, the laundry sector has been booming in recent times. Many laundry services are opening in the market which might challenge the growth of individuals buying laundry appliances in the market. Built-in laundry appliances are also integrated into the market. Bosch has developed built-in laundry appliances such as washing machine that has only control panel visible which can be operated to perform washing tasks.

Colombia Laundry Appliances Market Trends

This section covers the major market trends shaping the Colombia Laundry Appliances Market according to our research experts:

Automatic Washing Machines has Market Share

Automatic washing machines gained the maximum market share in the washing machines market of Colombia. Growth in the number of single households and urbanization is leading to the growth of automatic washing machines being used. An average washing machine takes around 10-13 years for replacing, hence the slow growth of washing machines is expected in the future. However, premium segment washing machines can lead to the growth in the segment as many players are launching washing machines with multi-functional features which might draw the consumers towards replacing the old models.

Colombia Laundry Appliances Market Share

Rising Household Income of Colombia Driving the Premium Category Appliances Growth in the Market

Colombia's laundry appliances market is witnessing high demand for the premium appliances segment owing to consumers' demand for appliances that save them cost, washing easy, and also keep clothes safe and clean after washing. Front loading washing machines are increasingly being preferred by the company as they. Consumers are preferring appliances that go beyond the functional design of the laundry appliances but also suit well to their home decoration.

Colombia Laundry Appliances Market Growth

Colombia Laundry Appliances Industry Overview

Domestic manufacturers are capturing the market share by offering products according to the needs of the customers and are also adopting strategies that make them less affected by exchange rate fluctuations. However, Companies such as Samsung and LG are also able to capture a high market share of laundry appliances in the market. Some of the major players in the market include Industrias HACEB SA, Mabe de Colombia SA, and Samsung Electronics Colombia SA.

Colombia Laundry Appliances Market Leaders

  1. LG Electronics

  2. Samsung

  3. Mabe Colombia

  4. Industrias Haceb SA

  5. Electrolux

*Disclaimer: Major Players sorted in no particular order

LG Electronics, Samsung, Mabe Colombia, Industrias Haceb SA, Electrolux
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Colombia Laundry Appliances Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET INSIGHTS AND DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Dynamics

      1. 4.2.1 Drivers

      2. 4.2.2 Restraints / Challenges

      3. 4.2.3 Opportunities

    3. 4.3 Porter's Five Forces Analysis

      1. 4.3.1 Threat of New Entrants

      2. 4.3.2 Bargaining Power of Buyers/Consumers

      3. 4.3.3 Bargaining Power of Suppliers

      4. 4.3.4 Threat of Substitute Products

      5. 4.3.5 Intensity of Competitive Rivalry

    4. 4.4 Insights on Impact of COVID-19 on the Market

    5. 4.5 Insights on Technological Innovations in the Market

    6. 4.6 Insights on Government Regulation in the Market

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Type

      1. 5.1.1 Freestanding Laundry Appliances

      2. 5.1.2 Built-in Laundry Applinaces

    2. 5.2 By Product

      1. 5.2.1 Washing Machine

      2. 5.2.2 Dryers

      3. 5.2.3 Electric Smoothing Irons

      4. 5.2.4 Others

    3. 5.3 By Technology

      1. 5.3.1 Automatic

      2. 5.3.2 Semi-Automatic / Manual

      3. 5.3.3 Others

    4. 5.4 By Distribution Channel

      1. 5.4.1 Supermarkets and Hypermarkets

      2. 5.4.2 Specialty Stores

      3. 5.4.3 Online

      4. 5.4.4 Other Distribution Channels

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Market Concentration Overview

    2. 6.2 Company Profiles

      1. 6.2.1 LG Electronics

      2. 6.2.2 Samsung

      3. 6.2.3 Mabe Colombia

      4. 6.2.4 Industrias Haceb SA

      5. 6.2.5 Electrolux

      6. 6.2.6 Whirlpool Corporation

      7. 6.2.7 Panasonic Corporation

      8. 6.2.8 BSH Hausgerate GmbH

      9. 6.2.9 Arcelik AS

      10. 6.2.10 Gorenje Group

      11. 6.2.11 Mitsubishi Electric Corporation

      12. 6.2.12 Haier Electronics Group Co. Ltd

    3. *List Not Exhaustive

  7. 7. FUTURE OF THE MARKET

  8. 8. APPENDIX

  9. 9. DISCLAIMER

**Subject to Availability
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Colombia Laundry Appliances Industry Segmentation

A complete background analysis of the Colombia laundry appliances industry, 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.

By Type
Freestanding Laundry Appliances
Built-in Laundry Applinaces
By Product
Washing Machine
Dryers
Electric Smoothing Irons
Others
By Technology
Automatic
Semi-Automatic / Manual
Others
By Distribution Channel
Supermarkets and Hypermarkets
Specialty Stores
Online
Other Distribution Channels
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Colombia Laundry Appliances Market Research FAQs

The Colombia Laundry Appliances Market is projected to register a CAGR of greater than 2% during the forecast period (2023-2028).

LG Electronics, Samsung, Mabe Colombia, Industrias Haceb SA and Electrolux are the major companies operating in the Colombia Laundry Appliances Market.

Colombia Laundry Appliances Industry Report

Statistics for the 2023 Colombia Laundry Appliances market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Colombia Laundry 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.

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