Market Insights Consumer Household Appliances Major Appliances

Cookers & Ovens - China

China

In 2024, the Cookers & Ovens market in China generated a significant revenue of US$30.78bn.
This market is projected to experience an annual growth rate of 3.62% (CAGR 2024-2029).
It is worth noting that in China leads the global market in terms of revenue, with US$30.78bn generated in 2024.
When considering the number of households, the per household revenue in the Cookers & Ovens market reached US$62.66 in 2024.
Looking ahead, the volume in this segment is expected to reach 61.8m pieces units by 2029.
However, there may be a slight decrease in volume growth of 0.8% in 2025.
Furthermore, the average volume per household in the Cookers & Ovens market is projected to be 0.12pieces units in 2024.
These figures highlight the significance of the Cookers & Ovens market in China and its potential for continued growth in the coming years.
China's growing middle class is driving demand for high-end cookers and ovens, leading to increased competition among domestic and international brands.

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.