Market Insights Consumer Household Appliances Small Appliances

Electric Kettles - NAFTA

NAFTA

In 2024, the revenue in the Electric Kettles market is projected to reach US$0.39bn.
According to the Compound Annual Growth Rate (CAGR) from 2024 to 2029, the market is anticipated to grow at a rate of 4.24% annually.
When comparing the global market, in China generates the highest revenue, amounting to US$1,183m in 2024.
This indicates the significant presence of the Electric Kettles market in 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.
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

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Currency

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.