Market Insights Consumer Household Appliances Major Appliances

Cookers & Ovens - Asia

Asia

In 2024, the revenue in the Cookers & Ovens market in Asia amounts to US$71.68bn.
It is projected that the market will experience an annual growth rate of 4.22% (CAGR 2024-2029).
In terms of global comparison, in China generates the highest revenue in this segment, with US$30,780m in 2024.
Taking into account the total number of households, it is estimated that each household generates US$62.14 in revenue in 2024.
Looking ahead to 2029, the volume in the Cookers & Ovens market is expected to reach 153.4m pieces.
Furthermore, there is a projected volume growth of 1.8% in 2025.
On average, each household is expected to account for a volume of 0.12pieces in the Cookers & Ovens market in 2024.
In Asia, the market for cookers and ovens is rapidly growing in countries like China and Japan, driven by a rising middle class and increasing urbanization.

Key regions: Japan, China, India, Germany, 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 Consumer Insights Global 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). Survey data is reweighted for representativeness.