Market Insights Consumer Household Appliances Major Appliances

Cookers & Ovens - Slovakia

Slovakia

In 2024, the Cookers & Ovens market in Slovakia is projected to generate a revenue of US$53.46m.
This market is anticipated to grow at an annual rate of 6.38% (CAGR 2024-2028).
When compared globally, in China leads the market with a revenue of US$30,780m in 2024.
In terms of household income, each household in Slovakia is expected to generate US$28.15 in revenue in 2024.
The volume of the Cookers & Ovens market is estimated to reach 108.9k pieces units by 2028.
Furthermore, there is a predicted volume growth of 3.6% in 2025.
On average, each household in Slovakia is projected to have a volume of 0.05pieces units in the Cookers & Ovens market in 2024.
The demand for high-quality, energy-efficient cookers and ovens in Slovakia is on the rise, driven by the country's growing focus on sustainable living.

Key regions: Canada, Worldwide, Europe, Indonesia, Germany

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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.