PROSPECTS AND OPPORTUNITIES
Energy-efficient products expected to thrive as consumers look to cut energy bills and save the environment
Energy efficiency is expected to be the most significant trend impacting the growth and development of home laundry appliances over the forecast period. Consumers are increasingly prioritising products that are designed to minimise energy consumption and reduce their environmental impact.
Opportunity for emerging brands to make their mark in home laundry appliances
Despite home laundry appliances being a well-established category there is still seen to be potential for new brands to make a disruptive impact with innovative offerings. Towards the end of 2023 and the start of 2024, Midea made a strong entry into the market with it quickly gaining the attention of locals.
Hypermarkets likely to remain the key distribution channel
Hypermarkets, appliances and electronics specialists, and department stores are expected to remain the key distribution channels for home laundry appliances. However, it's expected that hypermarkets will gain more ground at the expense of appliances and electronics specialists in the forecast period with price-sensitive consumers often turning to these stores to secure the best deals.
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Overview:
Understand the latest market trends and future growth opportunities for the Home Laundry 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.
If you're in the Home Laundry 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 Home Laundry 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 Home Laundry 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?
Home Laundry Appliances in Colombia - Category analysis
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
Consumer Appliances in Colombia - Industry Overview
Consumer appliances in 2024: The big picture
2024 key trends
Retailing developments
What next for consumer appliances?
DISCLAIMER
The following categories and subcategories are included:
Home Laundry Appliances
- 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
Home Laundry Appliances
Home laundry appliances includes the following categories: automatic dryers, automatic washing machines, automatic washer dryers and semi-automatic washing machines.
See all of our definitionsWhy buy this report?
- Gain competitive intelligence about market leaders
- Track key industry trends, opportunities and threats
- Inform your marketing, brand, strategy and market development, sales and supply functions
This report originates from Passport, our Home Laundry Appliances research and analysis database.
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