The revenue in the 'Major Appliances' segment of the household appliances market in Nigeria was forecast to continuously increase between 2024 and 2029 by in total 7.1 billion U.S. dollars (+72.97 percent). After the seventh consecutive increasing year, the indicator is estimated to reach 16.85 billion U.S. dollars 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). Revenue in the major appliances segment of the household appliances market Nigeria from 2019 to 2029 (in billion U.S. dollars) [Graph]. In Statista. Retrieved December 27, 2024, from https://www.statista.com/forecasts/1439112/revenue-major-appliances-household-appliances-market-nigeria
Statista Market Insights. "Revenue in the major appliances segment of the household appliances market Nigeria from 2019 to 2029 (in billion U.S. dollars)." Chart. May 22, 2024. Statista. Accessed December 27, 2024. https://www.statista.com/forecasts/1439112/revenue-major-appliances-household-appliances-market-nigeria
Statista Market Insights. (2024). Revenue in the major appliances segment of the household appliances market Nigeria from 2019 to 2029 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: December 27, 2024. https://www.statista.com/forecasts/1439112/revenue-major-appliances-household-appliances-market-nigeria
Statista Market Insights. "Revenue in The Major Appliances Segment of The Household Appliances Market Nigeria from 2019 to 2029 (in Billion U.S. Dollars)." Statista, Statista Inc., 22 May 2024, https://www.statista.com/forecasts/1439112/revenue-major-appliances-household-appliances-market-nigeria
Statista Market Insights, Revenue in the major appliances segment of the household appliances market Nigeria from 2019 to 2029 (in billion U.S. dollars) Statista, https://www.statista.com/forecasts/1439112/revenue-major-appliances-household-appliances-market-nigeria (last visited December 27, 2024)
Revenue in the major appliances segment of the household appliances market Nigeria from 2019 to 2029 (in billion U.S. dollars) [Graph], Statista Market Insights, May 22, 2024. [Online]. Available: https://www.statista.com/forecasts/1439112/revenue-major-appliances-household-appliances-market-nigeria