Market Size of Brazil Laundry Appliances Industry
| Study Period | 2020-2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Market Size (2024) | USD 1.85 Billion |
| Market Size (2029) | USD 2.14 Billion |
| CAGR (2024 - 2029) | > 3.00 % |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Brazil Laundry Appliances Market Analysis
The Brazil Laundry Appliances Market size is estimated at USD 1.85 billion in 2024, and is expected to reach USD 2.14 billion by 2029, growing at a CAGR of greater than 3% during the forecast period (2024-2029).
Rising household expenditure and income, along with changing lifestyles and standards of living, are some of the factors fostering the demand for laundry appliances in the market. Smart technology, voice commands, and multi-functional laundry appliances are further fueling the demand for appliances in both commercial and residential sectors. The launch of an automatic washer-dryer by LG is an innovation in the market that features Artificial Intelligence and AI-powered customer care services. The machine not only tells consumers about weight and load but also gives information about the type of fabric identified with sensors. The post-COVID-19 scenario of the Brazil laundry appliances market has seen a significant increase in demand as people prioritize cleanliness and hygiene. With more time spent at home, the demand for washing machines and dryers has risen. Additionally, there's a growing preference for smart and energy-efficient appliances.
