Market Insights Consumer Household Appliances Small Appliances

Irons - Honduras

Honduras

In 2024, the revenue generated in the Irons market of Honduras amounts to US$10.88m.
According to market projections, this segment is expected to grow annually by 5.31% (CAGR 2024-2029).
In global comparison, in China leads the market with a revenue of US$2,139m in 2024.
When considering the total number of households, the per household revenue in the Irons market is projected to be US$5.31 in 2024.
Looking ahead to 2029, the volume in the Irons market is anticipated to reach 255.1k pieces units.
Additionally, there is an expected volume growth of 2.8% in 2025.
The average volume per household in the Irons market is forecasted to be 0.11pieces units in 2024.
It is worth noting that these figures specifically pertain to the market segment of Irons market withHonduras.
"Honduras, with its growing manufacturing sector and demand for household appliances, is witnessing a surge in the sales of high-quality irons."

Key regions: Worldwide, China, Indonesia, India, 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.