Toasters - China

  • China
  • In 2024, the revenue in the Toasters market in China is projected to reach a staggering £0.67bn.
  • This market is anticipated to grow at an annual rate of 1.46% from 2024 to 2028, as per the Compound Annual Growth Rate (CAGR).
  • in China dominates the global market in terms of revenue, generating £0.67bn in 2024.
  • In 2024, each household is expected to generate revenues of £1.39 in relation to the total number of households.
  • Looking ahead to 2028, the volume in the Toasters market is projected to reach 27.1m pieces.
  • Additionally, there will be a slight volume growth of 1.3% in 2025.
  • The average volume per household in the Toasters market is expected to be 0.05pieces in 2024.
  • China's booming toaster market is driven by a growing middle class seeking convenience and modern kitchen appliances.

Key regions: United States, Indonesia, India, Europe, Worldwide

 
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Methodology

Data coverage:

The data encompasses B2C enterprises. Figures are based on consumer spending on Household Appliances.

Modeling approach:

Market sizes are determined through a bottom-up approach, building on specific predefined factors for each market segment. As a basis for evaluating markets, we use annual financial reports of the market-leading companies and industry associations, trade data, national statistical office data, third-party studies and reports, survey results from our primary research (e.g., the Statista Global Consumer Survey), as well as performance factors. In addition, we use relevant key market indicators and data from country-specific associations, such as number of households, consumer spending, and price level index. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques, such as exponential trend smoothing, for instance. The selection of forecasting techniques is based on the behavior of the relevant market.

Additional notes:

The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year. In some cases, the data is updated on an ad hoc basis (e.g., when new, relevant data has been released or significant changes within the market have an impact on the projected development). GCS data is reweighted for representativeness.

Overview

  • Revenue
  • Sales Channels
  • Volume
  • Price
  • Global Comparison
  • Methodology
  • Key Market Indicators
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