Irons - NAFTA

  • NAFTA
  • In 2024, the revenue in the Irons market reaches a substantial amount of US$1.18bn.
  • It is projected that this market will experience an annual growth rate of 3.92% from 2024 to 2029, as measured by the compound annual growth rate (CAGR).
  • When comparing the Irons market to other countries worldwide, in China stands out as the top revenue generator, with a significant revenue of US$2,139m in 2024.
  • To put the revenue in perspective, in 2024, each household contributes an average of US$6.70 to the total revenue in the Irons market.
  • This ratio is calculated based on the total number of households.
  • Looking ahead to 2029, it is estimated that the volume in the Irons market will reach 19.6m pieces units.
  • However, there is a slight decline projected for 2025, with a volume growth rate of 0.4%.
  • On an individual household basis, the average volume per household in the Irons market is anticipated to be 0.11pieces units in 2024.
  • It is worth noting that these figures pertain to the Irons market of the market, a significant market segment that plays a crucial role in the global economy.
  • Additionally, these statistics are applicable to the NAFTA countries, encompassing United_States, Canada, and Mexico.
  • In the NAFTA region, the iron market is experiencing a surge in demand due to the ongoing infrastructure development projects in Mexico.

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.

Overview

  • Revenue
  • Key Players
  • Volume
  • Price
  • Sales Channels
  • Global Comparison
  • Methodology
  • Key Market Indicators
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