Market Insights Consumer Household Appliances Small Appliances

Electric Kettles - New Zealand

New Zealand

In 2024, the revenue in the Electric Kettles market in New Zealand amounts to US$8.33m.
This market is projected to grow annually by 4.62% (CAGR 2024-2029).
When compared globally, the majority of revenue is generated in China, with a staggering US$1,183m in 2024.
In relation to the total number of households, each household is expected to generate US$6.41 in revenue in 2024.
Looking ahead, the volume in the Electric Kettles market is forecasted to reach 189.6k pieces by 2029.
Additionally, a volume growth of 2.0% is expected in 2025.
Lastly, the average volume per household in the Electric Kettles market is projected to be 0.13pieces in 2024.
New Zealand's growing demand for electric kettles is driven by the country's preference for hot beverages and eco-friendly appliances.

Key regions: Indonesia, Worldwide, China, Canada, United States

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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.