Market Insights Consumer Household Appliances Small Appliances

Microwave Ovens - New Zealand

New Zealand

In 2024, the revenue generated in the Microwave Ovens market in New Zealand amounts to NZD US$21.65m.
It is projected that the market will experience an annual growth rate of 3.77% (CAGR 2024-2029).
When compared to other countries worldwide, in the United States generates the highest revenue in the Microwave Ovens market, reaching a staggering amount of US$1,998m in 2024.
In terms of per household revenues, each household in New Zealand is expected to generate NZD US$16.66 in 2024.
Looking ahead to 2029, the volume of the Microwave Ovens market is projected to reach 152.1k pieces units.
Additionally, there is an estimated volume growth of 1.2% expected in 2025.
On average, each household in New Zealand is expected to have a volume of 0.11pieces units in the Microwave Ovens market in 2024.
New Zealanders are increasingly opting for microwave ovens with advanced features and sleek designs to complement their modern kitchens.

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.