Over the last two observations, the revenue is forecast to significantly increase in all segments. As part of the positive trend, the revenue achieves the maximum value across all two different segments by the end of the comparison period. Notably, the segment Major Appliances stands out with the highest value of 16.85 billion U.S. dollars.
The Household Appliances market covers appliances that are usually used in private households. The retail sector also refers to kitchen appliances as white goods. The market is divided into Major and Small Home Appliances, while consumer electronics are not included here (therefore see Consumer Electronics). The largest manufacturers of home appliances are AEG, Bosch, Siemens, Miele, Bauknecht, KitchenAid, Whirlpool, and Groupe SEB (Rowenta, Tefal, Krups, Moulinex). The home appliances market relies both on imports (mainly from China) as well as domestic production: especially Italy, Poland, and Germany are significant manufacturing countries. The major appliances industry has seen a sustained growth in revenue despite a stagnation of volume sales. This development is caused by a trend for consumers to purchase high-quality appliances that are both energy efficient and easy to control. Smart and connected appliances are becoming more and more popular. Consumer electronics are not included.
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Statista Market Insights. (May 22, 2024). Revenue in the Household Appliances market for different segments Nigeria from 2019 to 2029 (in billion U.S. dollars) [Graph]. In Statista. Retrieved December 22, 2024, from https://www.statista.com/forecasts/1442218/revenue-household-appliances-market-for-different-segments-nigeria
Statista Market Insights. "Revenue in the Household Appliances market for different segments Nigeria from 2019 to 2029 (in billion U.S. dollars)." Chart. May 22, 2024. Statista. Accessed December 22, 2024. https://www.statista.com/forecasts/1442218/revenue-household-appliances-market-for-different-segments-nigeria
Statista Market Insights. (2024). Revenue in the Household Appliances market for different segments Nigeria from 2019 to 2029 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: December 22, 2024. https://www.statista.com/forecasts/1442218/revenue-household-appliances-market-for-different-segments-nigeria
Statista Market Insights. "Revenue in The Household Appliances Market for Different Segments Nigeria from 2019 to 2029 (in Billion U.S. Dollars)." Statista, Statista Inc., 22 May 2024, https://www.statista.com/forecasts/1442218/revenue-household-appliances-market-for-different-segments-nigeria
Statista Market Insights, Revenue in the Household Appliances market for different segments Nigeria from 2019 to 2029 (in billion U.S. dollars) Statista, https://www.statista.com/forecasts/1442218/revenue-household-appliances-market-for-different-segments-nigeria (last visited December 22, 2024)
Revenue in the Household Appliances market for different segments Nigeria from 2019 to 2029 (in billion U.S. dollars) [Graph], Statista Market Insights, May 22, 2024. [Online]. Available: https://www.statista.com/forecasts/1442218/revenue-household-appliances-market-for-different-segments-nigeria
