Market Insights Consumer Household Appliances Major Appliances

Cookers & Ovens - G7

In 2024, the revenue in the Cookers & Ovens market in G7 amounts to US$9.79bn.
The market is projected to grow annually by 3.75% (CAGR 2024-2029).
Among all countries, in China generates the highest revenue with US$30,780m in 2024.
When considering the total number of households, each household is expected to generate US$30.08 in revenue in 2024.
By 2029, the volume in the Cookers & Ovens market is anticipated to reach 20.8m pieces units.
However, there is a slight volume decline of 0.6% expected in 2025.
On average, each household is predicted to have a volume of 0.06pieces units in the Cookers & Ovens market in 2024.
In the United States, there is a growing trend towards smart cookers and ovens that can be controlled remotely using mobile devices.

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.