Market Insights Consumer Household Appliances Small Appliances

Small Kitchen Appliances - NAFTA

NAFTA

The revenue generated in the Small Kitchen Appliances market in 2024 is estimated to be US$14.35bn.
According to projections, the market is expected to have an annual growth rate of 3.57% (CAGR 2024-2029).
It is worth noting that in China leads the global market in terms of revenue, with US$30,850m generated in 2024.
In relation to the total number of households, the per household revenue in the Small Kitchen Appliances market is projected to be US$81.67 in 2024.
Looking ahead, the volume of the Small Kitchen Appliances market is expected to reach 290.5m pieces by 2029.
Additionally, there is an anticipated volume growth of 0.9% in 2025.
Furthermore, the average volume per household in the Small Kitchen Appliances market is expected to be 1.58pieces in 2024.
These figures provide valuable insights into the performance and potential of the Small Kitchen Appliances market.
It is important to consider these statistics within the context of the NAFTA country.
In the NAFTA region, the small kitchen appliance market in Canada is driven by a growing demand for convenient and time-saving appliances such as multi-functional food processors and programmable coffee makers.

Key regions: Japan, Germany, China, Worldwide, Indonesia

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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.