Market Insights Consumer Household Appliances Small Appliances

Small Kitchen Appliances - Luxembourg

Luxembourg

In 2024, the Small Kitchen Appliances market in Luxembourg recorded a revenue of US$20.83m.
This market segment is projected to grow at an annual rate of 1.0% (CAGR 2024-2029).
In comparison to other countries, in China generated the highest revenue in this segment, amounting to US$30,850m in 2024.
When considering the total number of households, the per household revenue in the Small Kitchen Appliances market is estimated to be US$109.40 in 2024.
By 2029, the volume of this segment is expected to reach 0.3m pieces units.
Furthermore, the Small Kitchen Appliances market is anticipated to experience a modest volume growth of 1.0% in 2025.
The average volume per household in this segment is projected to be well above average, as compared to most countries in 2024.
In Luxembourg, the small kitchen appliance market is booming with a focus on high-end, innovative products that cater to the country's affluent population.

Key regions: Canada, China, Germany, Worldwide, 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.