| Study Period | 2019 - 2030 |
| Base Year For Estimation | 2024 |
| Forecast Data Period | 2025 - 2030 |
| Historical Data Period | 2019 - 2023 |
| CAGR | 4.00% |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Colombia Home Appliances Market Analysis by Mordor Intelligence
The Colombia Home Appliances Market is expected to register a CAGR of greater than 4% during the forecast period.
Colombian consumers are strongly influenced by brands, fashion trends, and promotions, yet there is also a strong influence of traditions on them. The increasing levels of brand loyalty are also being seen in the region. The brands which offer value-added services, like periodic after-sale service, extended warranty, replacing a faulty part if required, and simple and quick procedures of communication and servicing, are the factors that affect the consumers' decision-making once they get a product that fits their requirement of quality and price.
COVID-19 had a considerable impact on Colombia's home appliances market. Struggles with supply chain disruption, lower consumer demand, and travel restrictions significantly impacted the country.
Now, direct-to-consumer channels are powering a growing share of large appliance sales, putting manufacturers under intense pressure to reshape their strategies. E-commerce is playing a vital role in the home appliances industry.
Colombia Home Appliances Market Trends and Insights
Demand on Major Appliance in Household Appliances
The convenience the product brings to the consumers' life makes them go for it. Small home appliances come with a shorter lifespan, which makes it easy for the consumer to replace or exchange them for a newer model. Rather than single-utility choices making a transition, they are shifting to an innovative and energy-efficient product for their daily utilization. Products like egg cookers are the best example that explains the increasing manufacturers' interest to focus more on automating people's daily activities by taking a load off their shoulders. They are also imCustomers'ing accuracy and are bringing innovation by producing multi-utility products manufacturers.
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Increase in number of Users in Major Household Appliances
In the Household Appliances segment, the number of users is expected to reach 20 million users by 2027. Major Appliances is the top segment which has more than one-third of the total market. User penetration is expected to grow positively in the forecasted period. The eCommerce market sub-segment Household Appliances covers the online sale of long-lasting home appliances that are usually used in private households.
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Competitive Landscape
The report covers major international players operating in the Colombian home appliances market. The market holds an enormous scope for newcomers to enter by introducing home appliance products that have high quality and innovative features. Following is the list of the top significant companies operating in Colombia. list includes BSH Hausgeräte GmbH, Whirlpool Corporation, Electrolux AB, LG Electronics, and Samsung Electronics.
Colombia Home Appliances Industry Leaders
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Whirlpool Corporation
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Electrolux AB
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LG Electronics
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Samsung Electronics
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Panasonic Corporation
- *Disclaimer: Major Players sorted in no particular order
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Recent Industry Developments
- February 2023: LG Electronics (LG) is showcasing its latest heating, ventilation, and air conditioning (HVAC) solutions at AHR Expo 2023, the U.S.'s largest HVAC event, taking place in Atlanta, from February 6-8. The company's higher efficiency, customized solutions for commercial and residential applications are on display across two exhibition booths: the HVAC Solution booth and the Component Solutions booth
- January, 2023:Samsung Electronics Co., Ltd. is showcasing the future of sustainable digital signage at Integrated Systems Europe (ISE) 2023 in Barcelona, with new technologies and sustainable efforts guided by the company's new environmental strategy.
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Colombia Home Appliances Market Report Scope
A home appliance is a device that helps with household chores, including cooking, cleaning, and food preservation. It is also known as a domestic appliance, an electric appliance, or a household appliance. A complete background analysis of the Colombian home appliances industry, which includes an assessment of the industry associations, overall economy, emerging market trends by segments, significant changes in the market dynamics, and market overview, is covered in the report. The Colombia Home Appliances Market is segmented by major appliances (Refrigerators, Freezers, Dishwashing Machines, Washing Machines, and Cookers and Ovens), by small appliances (Vacuum Cleaners, Small Kitchen Appliances, Hair Clippers, Irons, Toasters, Grills and Roasters, and Hair Dryers), by distribution channel (Supermarkets and Hypermarkets, Specialty Stores, E-commerce, and other distribution channels). The report offers market size and forecasts for the Colombia Home Appliances Market in value (USD Million) for all the above segments.
Major Appliances
| Refrigerators |
| Freezers |
| Dish-washing Machines |
| Washing Machines |
| Cookers and Ovens |
Small Appliance
| Vacuum Cleaners |
| Small Kitchen Appliances |
| Hair Clippers |
| Irons |
| Toasters |
| Grills and Roasters |
| Hair Dryers |
Distribution Channel
| Supermarkets and Hypermarkets |
| Specialty Stores |
| E-commerce |
| Major Appliances | Refrigerators |
| Freezers | |
| Dish-washing Machines | |
| Washing Machines | |
| Cookers and Ovens | |
| Small Appliance | Vacuum Cleaners |
| Small Kitchen Appliances | |
| Hair Clippers | |
| Irons | |
| Toasters | |
| Grills and Roasters | |
| Hair Dryers | |
| Distribution Channel | Supermarkets and Hypermarkets |
| Specialty Stores | |
| E-commerce |
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Key Questions Answered in the Report
What is the current Colombia Home Appliances Market size?
The Colombia Home Appliances Market is projected to register a CAGR of greater than 4% during the forecast period (2025-2030)
Who are the key players in Colombia Home Appliances Market?
Whirlpool Corporation, Electrolux AB, LG Electronics, Samsung Electronics and Panasonic Corporation are the major companies operating in the Colombia Home Appliances Market.
What years does this Colombia Home Appliances Market cover?
The report covers the Colombia Home Appliances Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Colombia Home Appliances Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.
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Colombia Home Appliances Market Report
Statistics for the 2025 Colombia Home Appliances market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Colombia Home Appliances analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.
