Thriving Latin American Home Appliance Slide Rails Market: Trends and Growth

In a recent report published by Allied Market Research, titled "Latin America Slide Rails Market for Home Appliances by Product Type and End-User: Opportunity Analysis and Industry Forecast, 2020-2027," the Latin American slide rails market for home appliances is poised for remarkable growth. By 2027, it is expected to reach a substantial $1,734.4 million, surging from $1,307.0 million in 2019, exhibiting a steady Compound Annual Growth Rate (CAGR) of 3.6% from 2020 to 2027.

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Brazil took the lead in 2019, dominating the market with a 50.3% share of the Latin America slide rails industry for home appliances in terms of revenue.

Slide rails play a crucial role in providing linear motion to drawers in various applications, including furniture, electronic appliances, industrial devices, and medical devices. Within the home appliances sector, slide rails are integral to refrigerators, ovens, dishwashers, and washing machines. These rails come in a range of load-bearing capacities to ensure smooth linear operations. They are categorized into light, medium, and heavy-duty rails, each tailored to accommodate different drawer loads in various appliances.

Manufactured primarily from aluminum or steel, slide rails are often coated with zinc or electroplated with other metals to prevent corrosion caused by temperature fluctuations, moisture, and external conditions. Different types of slide rails are employed for a single appliance, depending on the specific application. For instance, a refrigerator may utilize light- to medium-duty slide rails for shelves, trays, baskets, and drawers, while heavy-duty slide rails are employed for bottom-mount freezer drawers or under-counter refrigerated drawers. These slide rails typically employ ball bearing sliding mechanisms, lubricated with food-grade grease to ensure the food stored inside remains uncontaminated.

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While the Latin American economy is still in its developmental phase, the region's growing urban population is expected to drive the demand for home appliances. In 2018, approximately 86% of the population resided in urban areas, up from 83% in 2008 according to World Bank data. This urbanization trend creates a strong demand for appliances like refrigerators, washing machines, and ovens, which are essential for daily life. This surge in home appliance consumption, in turn, fuels the demand for slide rails used in their manufacturing, propelling the growth of the Latin America slide rails market. Currently, refrigerators and ovens enjoy higher adoption rates compared to dishwashers, making these end-users a significant market for slide rails in Latin America.

The Latin America slide rails market for home appliances is segmented based on product type, end-user, and country. Product types include light, medium, and heavy-duty slide rails, while end-users encompass refrigerators, ovens, dishwashers, and others, including cloth washers and laundry dryers.

Market analysis spans across Brazil, Argentina, Chile, and the rest of Latin America. Brazil is anticipated to maintain the largest market share throughout the study period, while Chile is expected to experience the fastest growth rate.

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Key Findings of the Study:

In 2019, the heavy-duty slide rails segment dominated the Latin America slide rails market for home appliances in terms of revenue.

The ovens segment is expected to generate substantial revenues in the Latin America slide rails market for home appliances industry.

Brazil is projected to be one of the most dominant regions, exhibiting high growth rates during the forecast period.

Major players in the Latin America slide rails industry 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.

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

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