The Latin America, Middle East and Africa Small Domestic Appliances Market would witness market growth of 14.6% CAGR during the forecast period (2021-2027).
Factors such as the increase in consumer awareness about the accessibility of the newer types of home appliances through the different media channels like social media, television, etc. are acting as growth catalysts for the small domestic appliances during the forecast period.
The growing number of working women has brought a shift in the lifestyle of the population. Due to this, the household income has been increased and living standards have witnessed a dramatic improvement. As both husband and wife are occupied with their respective office work, they hardly get time to finish household chores. Hence, the utilization of different types of equipment to perform day-to-day household chores has become a necessity.
As these home appliances improve the quality of life and are easy to use, they are witnessing high demand in the LAMEA region. The rise in urbanization in this region and the growing adoption rate of advanced and unique products is expected to fuel the growth of the regional small domestic appliances market during the forecasting period.
The Brazil market dominated the LAMEA Residential Market by Country in 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $5,718.1 million by 2027. The Argentina market is exhibiting a CAGR of 14.5% during (2021 - 2027). Additionally, The UAE market would witness a CAGR of 13.5% during (2021 - 2027).
Based on Product Type, the market is segmented into Cooking/Baking and Heating Appliances, Kitchen Appliances, Personal and Animal Care, Textile Handling Appliances, Cleaning Appliances, Air-Treatment Appliances, and others. Based on Distribution Channel, the market is segmented into Supermarket/Hypermarket, Brand Outlets, Retail Stores, E-Commerce, and Others. Based on End User, the market is segmented into Residential and Commercial.Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Small Domestic Appliances Market is Predict to reach $397.97 billion by 2027, at a CAGR of 11.8%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Haier Smart Home Co., Ltd. (Haier Group Corporation) (Candy Hoover Group Srl), Dyson Limited, The Glen Dimplex Group (Morphy Richards), Groupe SEB, Kenwood Limited (De’ Longhi Group), Robert Bosch GmbH, Spectrum Brands Holdings, Inc. (Russell Hobbs), Stanley Black & Decker, Inc., Electrolux AB, and Whirlpool Corporation.
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