Market Size of Argentina Home Appliances Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 3.83 Billion |
| Market Size (2029) | USD 5.88 Billion |
| CAGR (2024 - 2029) | 8.92 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Argentina Home Appliances Market Analysis
The Argentina Home Appliances Market size is estimated at USD 3.83 billion in 2024, and is expected to reach USD 5.88 billion by 2029, growing at a CAGR of 8.92% during the forecast period (2024-2029).
The growth of the freezer segment can be attributed to the improvement in the standard of living of consumers and the growing awareness of the benefits of using home appliances. The washing machine segment is expected to grow at a fast pace over the coming years. This is due to factors such as increasing disposable income and consumers' preference for energy-saving products.
The household appliances market is growing due to the growing trend of smart and connected appliances. This trend is expected to further propel the market growth. In urban areas, there is a growing demand for products like LED TV, laptop, split AC and beauty and wellness products. In rural areas, the demand for durables such as refrigerators and other home appliances is expected to grow. Technological innovation, innovative products and Lifestyle products are major growth drivers for the market.
Despite the growing penetration of e-commerce and the growing percentage of customers willing to spend money online, especially among younger generations, consumers continue to prefer to shop in physical stores or outlets. Online retail channels are also growing rapidly, with both online retailers and manufacturers building their online footprint.
