Consumer appliances in 2024: The big picture
Retail volume sales of consumer appliances are set to grow in Chile in 2024, with the market expected to see an improvement on the performance of the previous year. The normalisation of the market after years of instability has brought hope to both retailers and manufacturers.
2024 key trends
The tumultuous events seen during the review period are significant for trying to understand the status of the Chilean consumer appliances market in 2024. With the market having seen a strong performance in 2021, companies were faced with expensive logistics and long delays in replacing their stocks.
Competitive landscape
The announcement of Bosch’s withdrawal of its direct presence in Chile and move to operate in the country via distributors has injected a new dynamism into the local competitive landscape in consumer appliances, especially since Winiadaewoo has also left the country in recent years. With Midea making significant investments in Chile and in Latin America as a whole, including the construction of a factory in Brazil, and implementing a strong low-price policy, the company has managed to absorb volume sales as a result of the withdrawal of these companies.
Retailing developments
While department stores is the leading distribution channel for consumer appliances in Chile, retail e-commerce remains a strong alternative, particularly for younger consumers who tend to be more comfortable shopping online. Retail e-commerce is also preferred by consumers who like to make comprehensive searches on various platforms and compare products and prices before making a purchase.
What next for consumer appliances?
With a more manageable inventory replacement scenario for manufacturers and retailers, and the easing of the inflation rate’s weight on consumers’ pockets, it is expected that the local market will return to a steady growth scenario both in volume and value terms in the forecast period, albeit briefly undermined by the recent sales peaks, as consumers purchased replacement products early due to pricing competition. Local consumers are set to invest more in appliances that create a comfortable home environment that also makes their lives easier, including multifunctional, time-saving options, with features that enable connectivity, practicality, a healthier life and at reasonable prices.
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Overview:
Understand the latest market trends and future growth opportunities for the Consumer Appliances industry in Chile with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
Data and analysis in this report provides further detailed coverage dedicated to the following key categories, where applicable:
- Dishwashers
- Home Laundry Appliances
- Large Cooking Appliances
- Microwaves
- Refrigeration Appliances
- Air Treatment Products
- Food Preparation Appliances
- Personal Care Appliances
- Small Cooking Appliances
- Vacuum Cleaners
If you're in the Consumer Appliances industry in Chile, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
The Consumer Appliances in Chile report includes:
- Analysis of key supply-side and demand trends
- Detailed segmentation of international and local products
- Historic volume and value sizes, company and brand market shares
- Five year forecasts of market trends and market growth
- Robust and transparent research methodology, conducted in-country
This report answers:
- What is the market size of Consumer Appliances in Chile?
- Which are the leading brands in Chile?
- How are products distributed in Chile?
- To what extent has COVID-19 and accordant macroeconomic and retail disruption impacted demand?
- How are considerations such as urban development and the rise in single-person households determining sales growth?
- Where is future growth expected to be most dynamic?
Consumer Appliances in Chile
Consumer appliances in 2024: The big picture
2024 key trends
Competitive landscape
Retailing developments
What next for consumer appliances?
DISCLAIMER
Dishwashers in Chile
KEY DATA FINDINGS
Household penetration increases as consumers understand benefits
High costs lead Bosch to shift its Chile operations
Midea grows with low-price strategy
Water consumption concerns and lower prices to support growth
Solid residue treatment increases costs for all players
Post-sales services could strongly affect brand loyalty
Home Laundry Appliances in Chile
KEY DATA FINDINGS
Companies aim for profitability after price war period
Midea is the leading brand, while Samsung utilises technological advantages
Heat waves and replacement cycle impact dryers growth
Real estate evolution decelerates a competitive market
Smaller spaces lead consumers to practical solutions
Midea heats up competition
Large Cooking Appliances in Chile
KEY DATA FINDINGS
Prices stabilise after huge pressure
Consumers continue to prefer local brands
Practicality becomes an increasingly important driver
Competition drives growth in the context of a decelerating real estate market
Rise in solid residue treatment costs for all players
Rivals to benefit from strategic shift in Bosch’s Chile operations
Microwaves in Chile
KEY DATA FINDINGS
With less differentiation, private labels continue their rise
Practical designs seduce consumers
Air fryers menace microwaves as a practical solution
Real estate expansion to support modest growth
Midea threatens all players
Open kitchen concept to drive design choice
Refrigeration Appliances in Chile
KEY DATA FINDINGS
Prices stabilise after strong push to clear stocks
Midea invests heavily and threatens competitors
Price and practicality drive sales in fridge freezers
Consumer expenditure to normalise after unstable years
Freezers to benefit from a financially cautious consumer
Residues treatment to increase costs for all players in the market
Air Treatment Products in Chile
KEY DATA FINDINGS
Inventory pressure makes retailers decrease prices
Midea invests heavily and increases the pressure in the market
Weather phenomenon pushes category penetration
Consumers migrate to more powerful solutions
Education required to convince Chilean consumers about air coolers
Premium segment to reap the benefits of technological advances
Food Preparation Appliances in Chile
KEY DATA FINDINGS
Positive performance driven by useful products and lower prices
Lower-priced products benefit from a cautious consumer
Private label brands thrive amidst lack of differentiation
Perception of trust
Premium products to lose space after consumers move towards frugal consumption
Limited space to boost practical appliances
Personal Care Appliances in Chile
KEY DATA FINDINGS
Frugal behaviour of Chilean consumers to benefit category growth
Companies play with taboo to break it
Consumer awareness of specialised brands growing
Male segment and low prices to help category to achieve growth
Lack of differentiation to benefit private label brands in hair care
Strong retailer support to help new brands to thrive
Small Cooking Appliances in Chile
KEY DATA FINDINGS
Category grows driven by indulgence and a financially cautious consumer
New generation of air fryers gives the category a second wind
Technological diversification helps coffee machines to gain penetration
Real estate deceleration is set to slow category growth
Frugal consumption to boost private label consumption
Premium niche’s potential to be further explored
Vacuum Cleaners in Chile
KEY DATA FINDINGS
More household movement to benefit category growth
Market deterioration in a highly competitive market
Versatility and price benefit traditional models
Category adoption is set to drive growth
Price is still a barrier to growth of upright vacuum cleaners
Consumer education is the path to subcategory evolution
The following categories and subcategories are included:
Consumer Appliances
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- Built-In Major Appliances
- Freestanding Major Appliances
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- Built-in Dishwashers
- Freestanding Dishwashers
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- Built-in Home Laundry Appliances
- Freestanding Home Laundry Appliances
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- Built-in Automatic Dryers
- Freestanding Automatic Dryers
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- Built-in Automatic Washer Dryers
- Freestanding Automatic Washer Dryers
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- Built-in Automatic Washing Machines
- Freestanding Automatic Washing Machines
- Semi-Automatic Washing Machines
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- Built-in Large Cooking Appliances
- Freestanding Large Cooking Appliances
- Built-in Hobs
- Ovens
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- Built-in Cooker Hoods
- Freestanding Cooker Hoods
- Cookers
- Range Cookers
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- Built-in Microwaves
- Freestanding Microwaves
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- Built-in Refrigeration Appliances
- Freestanding Refrigeration Appliances
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- Built-in Electric Wine Coolers/Chillers
- Freestanding Electric Wine Coolers/Chillers
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- Built-in Freezers
- Freestanding Freezers
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- Built-in Fridge Freezers
- Freestanding Fridge Freezers
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- Built-in Fridges
- Freestanding Fridges
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- Air Purifiers
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- Portable Room Air Conditioners
- Split Air Conditioners
- Window Air Conditioners
- Air Coolers
- Cooling Fans
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- Dehumidifiers
- Humidifiers
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- Blenders
- Food Processors
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- Centrifugal Juicers
- Slow Juicers
- Mixers
- Other Food Preparation Appliances
- Heating Appliances
- Irons
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- Body Shavers
- Electric Facial Cleansers
- Hair Care Appliances
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- Battery Toothbrush Units
- Electric Toothbrush Units
- Other Oral Care Appliances
- Other Personal Care Appliances
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- Breadmakers
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- Espresso Coffee Machines
- Filter Coffee Machines
- Other Standard Coffee Machines
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- Hard Pods
- Soft Pods
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- Coffee Mills
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- Air Fryers
- Oil Based Fryers
- Electric Grills
- Electric Steamers
- Freestanding Hobs
- Kettles
- Rice Cookers
- Slow Cookers
- Other Small Cooking Appliances
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- Cylinder Vacuum Cleaners
- Handheld Vacuum Cleaners
- Stick Vacuum Cleaners
- Upright Vacuum Cleaners
- Steam Vacuum Cleaners
- Robotic Vacuum Cleaners
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Consumer Appliances
Consumer Appliances is the aggregation of major appliances and small appliances. Major appliances are an aggregate of the following categories: refrigeration appliances, home laundry appliances, dishwashers, large cooking appliances and microwaves. Small appliances are an aggregation of the following categories: food preparation appliances, small cooking appliances, vacuum cleaners, irons, personal care appliances, heating appliances and air treatment appliances.
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This report originates from Passport, our Consumer Appliances research and analysis database.
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