Electric Kettles - NAFTA
NAFTA- In 2024, the revenue in the Electric Kettles market is projected to reach US$387.90m.
- According to the Compound Annual Growth Rate (CAGR) from 2024 to 2029, the market is anticipated to grow at a rate of 4.52% annually.
- When comparing the global market, China generates the highest revenue, amounting to US$1bn in 2024.
- This indicates the significant presence of the Electric Kettles market China.
- To determine the revenue generated per household in 2024, we can divide the total revenue by the number of households.
- Consequently, per household, the revenue generated in the Electric Kettles market is estimated to be US$2.21.
- Looking ahead to 2029, the volume in the Electric Kettles market is forecasted to reach 10.5m pieces units.
- This represents an expected growth rate of 2.3% in 2025.0.
- Analyzing the average volume per household in the Electric Kettles market, it is projected to be 0.05pieces units in 2024.
- This figure demonstrates the demand and utilization of electric kettles within households.
- It is important to note that these figures and projections pertain to the Electric Kettles market, which holds relevance within the NAFTA region.
- The demand for electric kettles in NAFTA countries has been steadily increasing due to their convenience and energy efficiency.
- Key regions:
- Indonesia,
- Worldwide,
- China,
- Canada,
- United States
Definition: Electric kettles are a convenient and efficient method for boiling water, eliminating the need for a stove top. These kettles come in various materials, such as stainless steel, glass, and plastic, and offer additional features like adjustable temperature and Wi-Fi control. As tea and coffee culture continues to grow, electric kettles have become a popular choice for both home and workplace settings. This segment excludes teapots, coffee machines, hot-water dispensers, and stove kettles.
Additional information: The market comprises key performance indicators such as revenues, volume, price per unit, average revenue and volume per household, and sales channels.
Note that the volume sales only refer to B2C (business to consumer) sales, via both the offline and the online channel. The average revenue and volume per household are determined by dividing the revenues and volume by the number of households, where a household refers to a house and its occupants, regarded as a unit. Finally, price per unit refers to the cost of a single unit of the product.
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In-Scope
- Stainless-steel electric kettles
- Glass electric kettles
- Plastic electric kettles
Out-Of-Scope
- Hot tea machines/ teapot
- Coffee machines
- Hot water dispensers
- Stove kettles
