South & Central America Housewares Market Forecast to 2030

South & Central America Housewares Market Forecast to 2030

South & Central America Housewares Market Forecast to 2030 – Regional Analysis – by Product Type (Cookware and Bakeware, Tableware, Kitchen Appliances, Bathroom Essentials, and Others) and Distribution Channel (Supermarkets and Hypermarkets, Specialty Stores, Online Retail, and Others)

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Description

The South & Central America housewares market was valued at US$ 33,983.72 million in 2022 and is expected to reach US$ 47,873.51 million by 2030; it is estimated to record a CAGR of 4.4% from 2022 to 2030.

Rising Penetration of E-Commerce Fuels South & Central America Housewares Market

Easy access to e-commerce platforms owing to the rising adoption and reach of smartphones and the Internet, the growing purchasing power of consumers, and the convenient shopping experience provided by online retail platforms are among the major factors driving the sales of housewares through e-commerce platforms.

Consumers increasingly prefer buying housewares via online retail platforms due to the availability of various products of different brands at affordable prices with detailed product descriptions, consumer ratings & reviews, and home delivery services. During the COVID-19 pandemic, people were compelled to stay home, which resulted in an inclination toward online shopping. Thus, with the increasing penetration of e-commerce across different geographies, housewares manufacturers are focusing on enhancing their online presence by selling their end products through well-known e-commerce platforms, such as Lidl, Amazon, and Walmart. Moreover, they provide direct-to-consumer (D2C) sales services through their websites to sell products online. Hence, the rising penetration of e-commerce is expected to provide lucrative opportunities for the housewares market during the forecast period.

South & Central America Housewares Market Overview

The housewares market in South & Central America is segmented into Brazil, Argentina, and the Rest of South & Central America. Economic growth and rising disposable incomes are among the major factors driving the housewares market growth in this region. The continued proliferation of economies results in more people having higher purchasing power in a few South & Central American countries. As a result, they show readiness to spend on more lavish household items and lifestyle enhancement products. International players consolidate and conquer the South & Central American housewares market. SEB, Alluflon, Ballarani, Maspion, and Risoli are a few of the companies that rapidly innovate and introduce new designs for customers in South & Central America to remain competitive, which is supported by their multinational presence and enormous revenues earned from other markets in the world.

Cultural preferences and lifestyle changes also play a crucial role in the growth of the housewares market in South & Central America. In some countries, there is a strong emphasis on traditional craftsmanship and handmade crockeries, while in others, people prefer modern and technologically advanced home appliances. Additionally, changing lifestyles and a shift in focus on health and wellness impact the types of housewares bought by consumers. Products related to health-conscious living, such as kitchen appliances for healthy cooking or eco-friendly household items, are in demand due to this shift in lifestyle.

South & Central America Housewares Market Revenue and Forecast to 2030 (US$ Million)

South & Central America Housewares Market Segmentation

The South & Central America housewares market is segmented based on product type, distribution channel, and country. Based on product type, the South & Central America housewares market is segmented into cookware and bakeware, tableware, kitchen appliances, bathroom essentials, and others. The kitchen appliances segment held the largest market share in 2022.

In terms of distribution channel, the South & Central America housewares market is segmented into supermarkets and hypermarkets, speciality stores, online retail, and others. The supermarkets and hypermarkets segment held the largest market share in 2022.

By country, the South & Central America housewares market is categorized into Brazil, Argentina, and the Rest of South & Central America. The Rest of South & Central America dominated the South & Central America housewares market share in 2022.

Inter Ikea Holding Bv, Newell Brands Inc, BSH Hausgerate Gmbh, and Kohler Co are some of the leading players operating in the South & Central America housewares market.

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At 4.4% CAGR, South & Central America Housewares Market is Speculated to be worth US$ 47,873.51 million by 2030, says the Research Team

According to the Research Team’ research, the South & Central America housewares market was valued at US$ 33,983.72 million in 2022 and is expected to reach US$ 47,873.51 million by 2030, registering a CAGR of 4.4% from 2022 to 2030. Development of smart appliances and increasing purchase of housewares with rising number of households are among the critical factors attributed to the South & Central America housewares market expansion.

Smart appliances can be operated using smartphones or tablets connected via Bluetooth, near-field communication (NFC), or Wi-Fi. These technologies allow users to control their smart appliances via an app. Manufacturers are continuously modifying and developing smart home appliances to support easy lifestyles, which especially appeals to tech-savvy consumers. Well-known brands have been developing devices with automation and hi-tech features for smart homes. Moreover, voice assistants and artificial intelligence (AI) are bringing significant evolution into smart housewares.

Energy-saving appliances, notifications enabled on connected devices, and Wi-Fi capabilities are the key functional upgrades in smart kitchen appliances. For example, smart microwaves can seamlessly download cooking instructions, read barcodes on food products, and offer AI voice assistants to enable a completely hands-free experience. Whirlpool, in January 2022, announced that some of its smart, Wi-Fi-connected microwave would be upgraded to incorporate an air fry mode via a software update to replicate the crispy reheating specifications. Thus, the incorporation of innovative technologies into housewares is likely to bring new trends in the housewares market in the coming years.

On the contrary, lack of uniformity in operations and regulations hurdles the growth of South & Central America housewares market.

Based on product type, the South & Central America housewares market is segmented into cookware and bakeware, tableware, kitchen appliances, bathroom essentials, and others. The kitchen appliances segment held 45.0% share of South & Central America housewares market in 2022, amassing US$ 15,309.40 million. It is projected to garner US$ 22,029.71 million by 2030 to expand at 4.7% CAGR during 2022-2030.

In terms of distribution channel, the South & Central America housewares market is categorized into supermarkets and hypermarkets, specialty stores, online retail, and others. The supermarkets and hypermarkets segment held 50.0% share of South & Central America housewares market in 2022, amassing US$ 16,975.47 million. It is projected to garner US$ 23,516.55 million by 2030 to expand at 4.2% CAGR during 2022-2030.

By country, the South & Central America housewares market has been categorized into Brazil, Argentina, and the Rest of South & Central America. Our regional analysis states that the Rest of South & Central America captured 51.7% share of South & Central America housewares market in 2022. It was assessed at US$ 17,581.75 million in 2022 and is likely to hit US$ 23,623.97 million by 2030, exhibiting a CAGR of 3.8% during 2022-2030.

Key players operating in the South & Central America housewares market are Inter Ikea Holding Bv, Newell Brands Inc, BSH Hausgerate Gmbh, and Kohler Co, among others.

In Aug 2022, First store opens in South America.

o Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the South & Central America housewares market.
o Highlights key business priorities in order to assist companies to realign their business strategies.
o The key findings and recommendations highlight crucial progressive industry trends in the South & Central America housewares market, thereby allowing players across the value chain to develop effective long-term strategies.
o Develop modify business expansion plans by using substantial growth offering developed and emerging markets.
o Scrutinize in-depth South & Central America market trends and outlook coupled with the factors driving the South & Central America housewares market, as well as those hindering it.
o Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution.

TABLE OF CONTENTS

1. Introduction
1.1 the Research Team Research Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Market Insights
2.2 Market Attractiveness
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
3.4 Limitations and Assumptions
4. South & Central America Housewares Market Landscape
4.1 Overview
4.2 Porter’s Five Forces Analysis
4.2.1 Bargaining Power of Suppliers
4.2.2 Bargaining Power of Buyers
4.2.3 Threat of New Entrants
4.2.4 Competitive Rivalry
4.2.5 Threat of Substitutes
4.3 Ecosystem Analysis
4.3.1 Raw Material Suppliers
4.3.2 Manufacturers
4.3.3 Distributors/Suppliers:
4.3.4 Distribution Channels:
4.3.5 End Consumers
4.4 List of Vendors
5. South & Central America Housewares Market – Key Industry Dynamics
5.1 Market Drivers
5.1.1 Increasing Purchase of Housewares with Rising Number of Households
5.1.2 Strategic Development Initiatives by Key Players
5.2 Market Restraints
5.2.1 Lack of Uniformity in Operations and Regulations
5.3 Market Opportunities
5.3.1 Rising Penetration of E-Commerce
5.4 Future Trends
5.4.1 Development of Smart Appliances
5.5 Impact Analysis of Drivers and Restraints
6. Housewares Market – South & Central America Market Analysis
6.1 South & Central America Housewares Market Revenue (US$ Billion), 2020 – 2030
6.2 Housewares Market Forecast and Analysis
7. South & Central America Housewares Market Analysis – Product Type
7.1 Cookware and Bakeware
7.1.1 Overview
7.1.2 Cookware and Bakeware Market Revenue and Forecast to 2030 (US$ Billion)
7.2 Tableware
7.2.1 Overview
7.2.2 Tableware Market Revenue and Forecast to 2030 (US$ Billion)
7.3 Kitchen Appliances
7.3.1 Overview
7.3.2 Kitchen Appliances Market Revenue, and Forecast to 2030 (US$ Billion)
7.4 Bathroom Essentials
7.4.1 Overview
7.4.2 Bathroom Essentials Market Revenue, and Forecast to 2030 (US$ Billion)
7.5 Others
7.5.1 Overview
7.5.2 Others Market Revenue, and Forecast to 2030 (US$ Billion)
8. South & Central America Housewares Market Analysis – Distribution Channel
8.1 Supermarkets and Hypermarkets
8.1.1 Overview
8.1.2 Supermarkets and Hypermarkets Market Revenue, and Forecast to 2030 (US$ Billion)
8.2 Specialty Stores
8.2.1 Overview
8.2.2 Specialty Stores Market Revenue, and Forecast to 2030 (US$ Billion)
8.3 Online Retail
8.3.1 Overview
8.3.2 Online Retail Market Revenue, and Forecast to 2030 (US$ Billion)
8.4 Others
8.4.1 Overview
8.4.2 Others Market Revenue, and Forecast to 2030 (US$ Billion)
9. South & Central America Housewares Market – Country Analysis
9.1 South & Central America
9.1.1 South & Central America Housewares Market Overview
9.1.2 South & Central America Housewares Market Revenue and Forecasts and Analysis – By Countries
9.1.2.1 South & Central Housewares Market Breakdown by Country
9.1.2.2 Brazil Housewares Market Revenue and Forecasts to 2030 (US$ Billion)
9.1.2.2.1 Brazil Housewares Market Breakdown by Product Type
9.1.2.2.2 Brazil Housewares Market Breakdown by Distribution Channel
9.1.2.3 Argentina Housewares Market Revenue and Forecasts to 2030 (US$ Billion)
9.1.2.3.1 Argentina Housewares Market Breakdown by Product Type
9.1.2.3.2 Argentina Housewares Market Breakdown by Distribution Channel
9.1.2.4 Rest of South & Central America Housewares Market Revenue and Forecasts to 2030 (US$ Billion)
9.1.2.4.1 Rest of South & Central America Housewares Market Breakdown by Product Type
9.1.2.4.2 Rest of South & Central America Housewares Market Breakdown by Distribution Channel
10. Competitive Landscape
10.1 Heat Map Analysis By Key Players
11. Company Profiles
11.1 Inter IKEA Holding BV
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Products and Services
11.1.4 Financial Overview
11.1.5 SWOT Analysis
11.1.6 Key Developments
11.2 Newell Brands Inc
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Products and Services
11.2.4 Financial Overview
11.2.5 SWOT Analysis
11.2.6 Key Developments
11.3 BSH Hausgerate GmbH
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Products and Services
11.3.4 Financial Overview
11.3.5 SWOT Analysis
11.3.6 Key Developments
11.4 Kohler Co
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Products and Services
11.4.4 Financial Overview
11.4.5 SWOT Analysis
11.4.6 Key Developments
12. Appendix

LIST OF TABLES

Table 1. Housewares Market Segmentation 9
Table 2. List of Raw Material Suppliers, Manufacturers, and Retailers in Value Chain
Table 3. Housewares Market Revenue and Forecasts To 2030 (US$ Billion)
Table 4. South & Central America Housewares Market Revenue and Forecasts To 2030 (US$ Billion) – Product Type
Table 5. South & Central America Housewares Market Revenue and Forecasts To 2030 (US$ Billion) – Distribution Channel
Table 6. Brazil Housewares Market Revenue and Forecasts To 2030 (US$ Billion) – By Product Type
Table 7. Brazil Housewares Market Revenue and Forecasts To 2030 (US$ Billion) – By Distribution Channel
Table 8. Argentina Housewares Market Revenue and Forecasts To 2030 (US$ Billion) – By Product Type
Table 9. Argentina Housewares Market Revenue and Forecasts To 2030 (US$ Billion) – By Distribution Channel
Table 10. Rest of South & Central America Housewares Market Revenue and Forecasts To 2030 (US$ Billion) – By Product Type
Table 11. Rest of South & Central America Housewares Market Revenue and Forecasts To 2030 (US$ Billion) – By Distribution Channel

LIST OF FIGURES

Figure 1. Housewares Market Segmentation, By Country 9
Figure 2. Porter’s Five Forces Analysis: Housewares Market
Figure 3. Ecosystem: Housewares Market
Figure 4. Housewares Market – Key Industry Dynamics
Figure 5. Housewares Market: Impact Analysis of Drivers and Restraints
Figure 6. South & Central America Housewares Market Revenue (US$ Billion), 2020 – 2030
Figure 7. South & Central America Housewares Market Share (%) – Product Type, 2022 and 2030
Figure 8. Cookware and Bakeware Market Revenue and Forecasts To 2030 (US$ Billion)
Figure 9. Tableware Market Revenue and Forecasts To 2030 (US$ Billion)
Figure 10. Kitchen Appliances Market Revenue and Forecasts To 2030 (US$ Billion)
Figure 11. Bathroom Essentials Market Revenue and Forecasts To 2030 (US$ Billion)
Figure 12. Others Market Revenue and Forecasts To 2030 (US$ Billion)
Figure 13. South & Central America Housewares Market Share (%) -Distribution Channel, 2022 and 2030
Figure 14. Supermarkets and Hypermarkets Market Revenue and Forecasts To 2030 (US$ Billion)
Figure 15. Specialty Stores Market Revenue and Forecasts To 2030 (US$ Billion)
Figure 16. Online Retail Market Revenue and Forecasts To 2030 (US$ Billion)
Figure 17. Others Market Revenue and Forecasts To 2030 (US$ Billion)
Figure 18. South & Central Housewares Market, by Key Countries – Revenue (2022) (US$ Million)
Figure 19. South & Central Housewares Market Breakdown by Key Countries, 2022 and 2030 (%)
Figure 20. Brazil Housewares Market Revenue and Forecasts To 2030 (US$ Billion)
Figure 21. Argentina Housewares Market Revenue and Forecasts To 2030 (US$ Billion)
Figure 22. Rest of South & Central America Housewares Market Revenue and Forecasts To 2030 (US$ Billion)
Figure 23. Heat Map Analysis By Key Players

The List of Companies – South & Central America Housewares Market

1. Inter Ikea Holding Bv
2. Newell Brands Inc
3. BSH Hausgerate Gmbh
4. Kohler Co

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