Argentina Household Appliances Market Outlook

The outlook for argentina’s household appliances market is positive over the next decade, with expected growth of 4.9% in real terms between 2018 and 2032. the market for household appliances in argentina has grown rapidly in recent years, driven by increasing economic development and a rising middle class in the country. a wide range of home appliances, including refrigerators, washing machines, ovens, and other products, are becoming increasingly available in argentina, and falling prices are making them accessible to an ever-larger portion of the population. the retail market for household appliances in argentina is expected to remain the largest segment over the forecast period, accounting for 79.7% of total industry value in 2018. a growing number of argentinians are buying home appliances online, though sales through online channels remain relatively small compared to brick-and-mortar outlets. currently, household appliances are mostly imported into argentina. demand for imported household appliances is projected to remain strong in the coming years, even as domestic manufacturers increase their capacity. the government is also taking steps to encourage and facilitate more domestic production. this includes the increased availability of finance to local producers, and provisions to ensure a reliable supply of components and raw materials. the expanding population and rising wages in argentina are also expected to support growth in the household appliances market over the long term. in addition, the growing demand for energy-efficient appliances is likely to boost sales of new products, as many argentinian households switch to more efficient appliances. overall, the household appliances market in argentina is expected to fare well in the coming years, driven by both domestic and international players. with households continuing to invest in home appliances, the market value is projected to reach ars 51,870 million by 2032.