Market Insights Consumer Household Appliances Small Appliances

Coffee Machines - Nordics

Nordics

The Coffee Machines market in Nordics is projected to generate a revenue of US$0.39bn in 2024.
This market is anticipated to grow at an annual rate of 2.44% (CAGR 2024-2029).
When compared globally, in the United States is the leading revenue generator in this segment, with a projected revenue of US$3,700m in 2024.
In terms of per household revenues, the Coffee Machines market is expected to generate US$27.57 in 2024.
Looking ahead, the volume in the Coffee Machines market is projected to reach 2.2m pieces by 2029.
However, there is a slight decline of -0.0% expected in the volume growth of this segment in 2025.
Lastly, the average volume per household in the Coffee Machines market is forecasted to be 0.15pieces in 2024.
Nordics are experiencing a surge in demand for high-end coffee machines, driven by the region's strong coffee culture and appreciation for quality brewing.

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.