Market Insights Consumer Household Appliances Small Appliances

Irons - Luxembourg

Luxembourg

in Luxembourg, being a small country, plays a relatively minor role in the Irons market.
However, it is worth noting that the revenue in the Irons market is projected to reach US$1.51m in 2024.
This indicates a positive trend, as the market is expected to grow annually by 3.69% (CAGR 2024-2029).
In terms of global comparison, in China leads the pack with a staggering revenue of US$2,139m in 2024.
This highlights the significant market share that in China holds in the Irons market.
When considering the revenue in relation to the total number of households, each household in Luxembourg is estimated to generate US$7.90 in revenue in 2024.
This figure provides insight into the economic impact of the Irons market at an individual household level.
Looking ahead to 2029, the volume in the Irons market is expected to reach 23.3k pieces units.
Furthermore, it is projected that there will be a slight volume growth decline of 0.4% in 2025.
Despite this, the average volume per household in the Irons market is predicted to be 0.12pieces units in 2024.
In conclusion, while in Luxembourg may not be a major player in the Irons market, it is interesting to observe the revenue and volume trends within the country.
The projected growth and average volume per household provide valuable insights into the market dynamics and consumer behavior in Luxembourg.
Luxembourg's iron market is thriving due to the country's strong industrial sector and high demand for iron products.

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.