Market Insights Consumer Household Appliances Small Appliances

Coffee Machines - Laos

Laos

in Laos, a country Southeast_Asia, plays a significant role in the Coffee Machines market.
In 2024, the revenue in this segment is projected to reach US$3.12m.
Looking ahead, the market is expected to grow annually by 1.85%, according to the compound annual growth rate (CAGR) from 2024 to 2029.
When compared globally, in the United States stands out as the leader in revenue generation in this segment, with a staggering US$3,700m in 2024.
In terms of per household revenues, the figure stands at US$2.32 for 2024.
Turning our attention to volume, the Coffee Machines market is forecasted to reach 40.6k pieces by 2029.
Moreover, there is an anticipated volume growth of 0.3% in 2025.
On average, each household in the Coffee Machines market is expected to have a volume of 0.03pieces in 2024.
Laos, with its growing coffee culture and demand for convenience, sees a rising trend in the adoption of advanced coffee machines.

Key regions: Europe, Germany, India, Indonesia, China

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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.