While inflation in Chile started to ease towards the end of the review period, the levels remain high enough heading into 2024 that they can deter many local consumers from purchasing big-ticket products until they feel more financially comfortable. In this context, elements such as financing through credit and promotional activity will remain key factors over the forecast period to attract consumers.
Over the forecast period, e-commerce will remain a major distribution channel for appliances and electronics in Chile, offering greater competition to specialists, as consumers are increasingly open to purchasing all their needs directly online. The further growth of new formats such as Livestreaming will only help increase this pressure.
Appliances and electronics are often considered among the main culprits of pollution, as thousands of these products are discarded every year as consumers update their gadgets to the latest models. In this context, opportunities lie in sustainable initiatives, such as trade-ins and recycling offers.
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Understand the latest market trends and future growth opportunities for the Appliances and Electronics Specialists industry in Chile with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the Appliances and Electronics Specialists industry in Chile, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
Appliances and electronics specialists are chained or independent retail outlets with a primary focus on selling one or more of the following categories: domestic electrical appliances, consumer electronics (including mobile phones), and/or computers and peripherals. Appliances and electronics specialists value sales excludes revenues derived from telecoms service plans and top-up cards. Example brands include Apple, Best Buy, and Gome.
See All of Our DefinitionsThis report originates from Passport, our Appliances and Electronics Specialists research and analysis database.
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