Market Insights Consumer Household Appliances Small Appliances

Grills & Roasters - Mongolia

Mongolia

In 2024, the revenue generated in the Grills & Roasters market in Mongolia amounts to US$0.95m.
It is projected to have an annual growth rate of 4.43% (CAGR 2024-2029).
When compared globally, in the United States generates the highest revenue in this segment, with US$4,047m in 2024.
In terms of per household revenue, US$1.25 is generated in 2024.
Looking ahead to 2029, the volume in the Grills & Roasters market is expected to reach 40.2k pieces.
Additionally, there is a projected volume growth of 1.8% in 2025.
The average volume per household in the Grills & Roasters market is estimated to be 0.05pieces in 2024.
"Mongolia's love for grilled meat has led to a surge in demand for grills and roasters, with traditional techniques and flavors taking center stage."

Key regions: Europe, United Kingdom, Indonesia, China, Germany

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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.