Market Insights Consumer Household Appliances Small Appliances

Microwave Ovens - LATAM

LATAM

Revenue in the Microwave Ovens market amounts to US$0.84bn in 2024. The market is expected to grow annually by 4.36% (CAGR 2024-2029).
In global comparison, most revenue is generated in the United States (US$1,998m in 2024).
In relation to the total number of households, per household revenues of US$6.00 are generated in 2024.
In the Microwave Ovens market, volume is expected to amount to 9.0m pieces by 2029. The Microwave Ovens market is expected to show a volume growth of 1.2% in 2025.
The average volume per household in the Microwave Ovens market is expected to amount to 0.06pieces in 2024.

Key regions: Worldwide, Germany, India, United Kingdom, Japan

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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.