Consumer appliances in 2024: The big picture
Overall sales of consumer appliances saw moderate growth in retail volume terms in Colombia in 2024. However, there was a split in the performances of the different categories.
2024 key trends
Colombian consumers continue to show a growing awareness of product quality and the impact of their purchasing decisions on the environment. One significant trend is the adoption of smart technology aimed at creating a more sustainable world.
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Overview:
Understand the latest market trends and future growth opportunities for the Consumer Appliances industry in Colombia 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 Colombia, 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 Colombia 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 Colombia?
- Which are the leading brands in Colombia?
- How are products distributed in Colombia?
- 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 Colombia
Consumer appliances in 2024: The big picture
2024 key trends
Retailing developments
What next for consumer appliances?
DISCLAIMER
Dishwashers in Colombia
KEY DATA FINDINGS
Another tough year for dishwashers as sales continue to contract in 2024
Energy- and water-saving dishwashers can contribute to the growth of the category
Whirlpool continues to lead dishwashers in 2024 despite Electrolux gaining share
Emergence of e-commerce could present new growth opportunities for dishwashers
Premiumisation could be seen in dishwashers as consumers look for higher quality products
Convenience and energy efficiency likely to be key factors driving sales of dishwashers
Home Laundry Appliances in Colombia
KEY DATA FINDINGS
Improving economic scenario fuels demand for home laundry appliances
LG presents its new WashTower Mini in response to the demand for compact appliances
Industrias HACEB, Samsung and LG remain the top companies in the home laundry appliance industry.
Energy-efficient products expected to thrive as consumers look to cut energy bills and save the environment
Opportunity for emerging brands to make their mark in home laundry appliances
Hypermarkets likely to remain the key distribution channel
Large Cooking Appliances in Colombia
KEY DATA FINDINGS
Downturn in construction has a negative impact on sales of large cooking appliances
AI bringing new opportunities to the kitchen
Demand for ovens declines as consumers favour small appliances
Industrias HACEB SA remains the clear leader in large cooking appliances category.
E-commerce set to play an important role in the future of large cooking appliances
Pricing strategies and promotions will remain important in attracting price-sensitive consumers
Innovation could help the category on the path to recovery
Microwaves in Colombia
KEY DATA FINDINGS
Sales of microwaves continue to fall in 2024
Focus on healthy living has negative impact on sales
Multinationals remain on top in 2024
Development of innovative products can be a way to overcome stagnation.
Multifunctional cooking options and smart features could still breathe new life into microwaves
Price is king
Refrigeration Appliances in Colombia
KEY DATA FINDINGS
Refrigeration appliances bounces back in 2024 as temperatures rise and inflation falls
Samsung presents its new Bespoke 4-Door Flex fridge freezers
Leading players remain unchanged thanks to successful distribution strategies
Innovation, sustainability, and promotions likely to remain the key sales drivers
Social media set to have a growing influence on demand
More players likely to adopt an omnichannel approach to sales
Air Treatment Products in Colombia
KEY DATA FINDINGS
Air treatment products reports strong growth as temperatures rise
LG launches innovative new line of air conditioners
SEB Groupe’s Samurai remains the most popular option for cooling down
The rise of smart technology should boost sales of air conditioners
Efficiency and affordability likely to remain key factors in the purchasing decision
Promotional strategies will remain a key tactic for attracting consumers
Food Preparation Appliances in Colombia
KEY DATA FINDINGS
Blenders behind the return to growth for food preparation appliances
Increasing focus on healthy living benefits sales
Oster de Colombia continues to lead, closely followed by SEB Groupe
E-commerce likely to remain a key channel as growing numbers of shoppers go online
Juice extractors could face obstacles to growth
Food preparation appliances increasingly using AI to make cooking tasks easier
Personal Care Appliances in Colombia
KEY DATA FINDINGS
Personal care appliances a bright spot in the market in 2024
New ideas around masculinity reshaping men's grooming preferences
Spectrum Brands extends its dominance
Retail specialisation and omnichannel strategies the path to follow in this category.
Promotional strategies will continue to play an important role in driving sales
The modern man and his role in the rise of personal care appliances
Small Cooking Appliances in Colombia
KEY DATA FINDINGS
Another tough year for small cooking appliances in 2024
Thriving coffee culture benefits sales of coffee machines
Oster de Colombia maintains its leading position in sales by emphasizing e-commerce.
Positive outlook for small cooking appliances as competition heats up
Attractive prices and price promotions could be key in driving growth
Retailing strategies likely to increasingly focus on e-commerce
Vacuum Cleaners in Colombia
KEY DATA FINDINGS
Vacuum cleaners sees another year of declining sales in 2024
Samsung looking to make its mark in robotic vacuum cleaners with its new AI assisted product
Electrolux SA remains the leading player in vacuum cleaners
New brands could look to win over price-sensitive consumers with budget offerings
Robots not yet ready to take over as high prices remain an obstacle to wider acceptance
Social media set to play an increasing role in the marketing of vacuum cleaners
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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