| Report Code: A06294 | Pages: 142 | May 2020 | 5582 Views | ||
| Author(s) : Amar C, Onkar S | Tables: 46 | Charts: 43 |
| |
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Request Now !The Latin America slide rails market size for home appliances is expected to reach $1,734.4 million in 2027, from $1,307.0 million in 2019, growing at a CAGR of 3.6% from 2020 to 2027. Slide rails are used to provide linear motion to drawers in furniture, electronic appliances, industrial devices, and medical devices. In the home appliances market, slide rails are used for refrigerators, ovens, dishwashers, and washing machines, and are available in various load bearing capacities to assist in smooth linear operations. Slide rails are classified into light-, medium-, and heavy-duty rails, depending on the drawer loads in different appliances. They are mainly manufactured with steel or aluminum and are electroplated using zinc or other metals to prevent corrosion. In addition, slide rails majorly utilize ball bearing sliding movement or telescopic movement, which is greased using food grade lubricants to avoid contamination of food inside the appliance.
Rise in focus on public-private partnerships (PPPs) by various governments in Latin America to develop infrastructure and improve living conditions of people helps in increasing the consumption of home appliances. The development in infrastructure improves the standard of living of population and boosts the consumption of appliances, electronics, automotive, and other products, which propels adoption of home appliances, thereby driving the Latin America slide rails market growth. In addition, surge in urbanization in various Latin American countries majorly boosts the home appliances industry. Increase in manufacturing facilities in Latin America has led to the development in living standards of the population in the region. This leads to development of urban cities, thereby driving the demand for home appliances, which, in turn, boosts the Latin America slide rails industry growth. Moreover, many manufacturers of home appliances in Latin America are focused on taking initiatives related to business expansion with an objective to enhance their product portfolio and increase their presence in the region. In addition, various government programs and tax reforms have resulted in foreign investments, a factor that subsequently boosts the demand for slide rails in the home appliance segment in Latin America.
However, challenging political and economic uncertainties in Latin American countries such as Venezuela, Republic of Guatemala, and Ecuador is likely to restrain the market for slide rails for home appliance applications. In addition, the global trade tensions between countries including the U.S. and China has resulted in inflation of raw material prices, which hampers the production of home appliances in Latin America. This factor is likely to restrain the market growth for slide rails utilized in home appliances, including ovens, dishwashers, refrigerators, and others.
The heavy-duty slide rails type segment accounted for nearly half of the Latin America slide rails market share in 2019, owing to high consumption of heavy slide rails in ovens and dishwashers. By end-user, the ovens segment generated high revenues in the market, owing to technological advancements and integration of smart technologies in ovens, which thereby, increases its consumption.
The Latin America slide rails market for home appliances is divided on the basis of product type, end-user, and country. By product type, the market is segmented into light-, medium-, and heavy-duty slide rails. By end-user, the market is classified into refrigerators, ovens, dishwashers, and others. The others segment is further classified into cloth washers and laundry dryers.
The Latin America slide rails market analysis for home appliances is conducted across the Brazil, Argentina, Chile, and rest of Latin America. Brazil holds the largest market share during 2019 and Chile is expected to grow at the fastest rate.
The key market players profiled in the report include AB Electrolux, Elesa+Ganter, Midea Group Co., Ltd., Hettich Holding GmbH & Co. oHG, Whirlpool Corporation, THK Co., Ltd. LG Corp., Qingdao Haier Co., Ltd., Robert Bosch GmbH (Bosch Rexroth AG), and ASKO Appliances.
Many competitors in the Latin America slide rails market for home appliances adopted product launch as their key developmental strategy to expand their product portfolio for the technological upgradations. For instance, in February 2019, Hettich launched new user-friendly movement devices for home appliances including dishwashers, refrigerators, and ovens. The new launched product includes Quadro Compact full extension runner system for refrigerators, which provides maximum stability, smooth running performance, and quiet closing action with the integration of silent system technology. In addition, it also launched Quadro runner system for dishwashers, which features over-extension opening of the dishwasher rack. Similarly, in July 2017, Elesa+Ganter launched 13 new variants of telescopic slides to its current product portfolio. The slide can carry loads between 28 and 310 kg. Furthermore, the slides can be used for any application and features dampening systems, latches, detach function, and self-retracting mechanisms.
Key Benefits For Stakeholders
The report provides an extensive analysis of the current and emerging Latin America slide rails market trends and dynamics.
In-depth analysis of the market is conducted by constructing market estimations for the key market segments between 2019 and 2027.
Extensive analysis of the Latin America slide rails market is conducted by following key product positioning and monitoring of the top competitors within the market framework.
A comprehensive analysis of all the regions is provided to determine the prevailing opportunities.
The Latin America slide rails market forecast analysis from 2020 to 2027 is included in the report for home appliances.
The key market players within the market are profiled in this report and their strategies are analyzed thoroughly, which helps understand the competitive outlook of the industry.
A comprehensive Latin America slide rails market opportunity analysis of all the countries is also provided in the report.
Latin America Slide Rails Market For Home Appliances Segments
By Product Type
By End-user
By Country
Key Players
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The growth in urbanization in major Latin American countries is rising the penetration of home appliances in daily households. Trend shows that owing to the increase in standard of living, consumers are switching toward technologically advanced electronic appliances such as refrigerators, cloth washers, and ovens. This increased adoption is likely to drive the necessity of slide rails used in these appliances.
In current scenario, home appliance manufacturers are focused on constantly upgrading their product offerings with better features such as energy consumption ratings and smart technologies. This, in turn, drives consumers to change appliances constantly, before the end of its working life, thereby, boosting the manufacturing of home appliances. In addition, consumer trend toward high end appliances such as multi-door refrigerators, and high capacity ovens with more shelves and drawers also bolster demand for slide rails. However, challenging political conditions, followed by economic uncertainties restrains the economic growth of majority of the Latin American population.
These conditions create problems such as unemployment, lower GDP growth, and a huge gap between standard of living of consumers. This is a major factor that restrains home appliance manufacturers to gain a strong consumer foothold in Latin America. On the contrary, increase in manufacturing facilities for automobiles, electronics, food processing, and others is expected to create many jobs in the region, which is likely to assist the recovery of GDP growth. Such factors affect the home appliance industry and thereby, influences the slide rails market.
The key players in the market have focused on product launch to strengthen their foothold in the slide rails industry. For instance, in February 2019, the company Hettich launched new user-friendly movement devices for home appliances including dishwashers, refrigerators, and ovens. The new launched product include Quadro Compact full extension runner system for refrigerators, which provides maximum stability, smooth running performance, and quiet closing action with the integration of silent system technology. In addition, it also launched Quadro runner system for dishwashers, which features over-extension opening of the dishwasher rack.
A. The Latin America slide rails market for home appliances size was $1,307.0 million in 2019 and is projected to reach $1,734.0 million in 2027, growing at a CAGR of 3.6% from 2020 to 2027.
A. The forecast period considered for the Latin America slide rails market for home appliances is 2020 to 2027, wherein, 2019 is the base year, 2020 is the estimated year, and 2027 is the forecast year.
A. To get latest version of Latin America slide rails market for home appliances report can be obtained on demand from the website.
A. The base year considered in the Latin America slide rails market for home appliances is 2019.
A. No, the report doesnot provide Value Chain Analysis. However, it does provide market share analysis for the major players in the Latin America slide rails market for home appliances.
A. On the basis of end-user, the ovens segment is expected to be the most influencing segment growing in the Latin America slide rails market for home appliances report.
A. Based on the product type, in 2019, the heavy-duty slide rails segment generated the highest revenue, accounting for 49.9% of the market, and is projected to grow at a CAGR of 3.1% from 2020 to 2027.
A. The report contains an exclusive company profile section, where leading 10 companies in the market are profiled. These profiles typically covers company overview, geographical presence, and market dominance (in terms of revenue and volume sales).
A. The market value of Latin America slide rails market for home appliances is $1,351.4 million in 2020.
A. The major factor that influences the slide rails market in Chile is the increase in disposable income of the population, which leads to surged consumption of home appliances.
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