The volume of the 'Major Appliances' segment of the household appliances market in Nigeria was forecast to continuously increase between 2024 and 2029 by in total 3.4 million pieces (+24.01 percent). After the seventh consecutive increasing year, the indicator is estimated to reach 17.54 million pieces and therefore a new peak in 2029.
Data provided by Statista Market Insights are estimates.
Definition: Major appliances are typically large and durable, yet they are designed to meet the needs of households and are well-suited for use in residential settings.
Structure: The major appliances segment consists of the following subsegments:
Refrigerators
Freezers
Dishwashing machines
Washing machines
Cookers & Ovens
Air conditioners
Additional Information: The market comprises key performance indicators such as revenues, volume, price per unit, average revenue and volume per household, sales channels, and key players. In addition, a comparable estimates box is provided, which shows the forecasted development of the selected market from different sources.
Note that the volume sales only refer to B2C (business to consumer) sales, via both the offline and the online channel. The average revenue and volume per household are determined by dividing the revenues and volume by the number of households, where a household refers to a house and its occupants, regarded as a unit. Finally, price per unit refers to the cost of a single unit of the product.
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Statista Market Insights. (May 22, 2024). Volume in the major appliances segment of the household appliances market Nigeria from 2019 to 2029 (in million pieces) [Graph]. In Statista. Retrieved November 23, 2024, from https://www.statista.com/forecasts/1435137/volume-major-appliances-household-appliances-market-nigeria
Statista Market Insights. "Volume in the major appliances segment of the household appliances market Nigeria from 2019 to 2029 (in million pieces)." Chart. May 22, 2024. Statista. Accessed November 23, 2024. https://www.statista.com/forecasts/1435137/volume-major-appliances-household-appliances-market-nigeria
Statista Market Insights. (2024). Volume in the major appliances segment of the household appliances market Nigeria from 2019 to 2029 (in million pieces). Statista. Statista Inc.. Accessed: November 23, 2024. https://www.statista.com/forecasts/1435137/volume-major-appliances-household-appliances-market-nigeria
Statista Market Insights. "Volume in The Major Appliances Segment of The Household Appliances Market Nigeria from 2019 to 2029 (in Million Pieces)." Statista, Statista Inc., 22 May 2024, https://www.statista.com/forecasts/1435137/volume-major-appliances-household-appliances-market-nigeria
Statista Market Insights, Volume in the major appliances segment of the household appliances market Nigeria from 2019 to 2029 (in million pieces) Statista, https://www.statista.com/forecasts/1435137/volume-major-appliances-household-appliances-market-nigeria (last visited November 23, 2024)
Volume in the major appliances segment of the household appliances market Nigeria from 2019 to 2029 (in million pieces) [Graph], Statista Market Insights, May 22, 2024. [Online]. Available: https://www.statista.com/forecasts/1435137/volume-major-appliances-household-appliances-market-nigeria