Market Insights Consumer Household Appliances Small Appliances

Toasters - Luxembourg

Luxembourg

in Luxembourg, a country known for its prosperous economy, plays a significant role in the Toasters market.
In 2024, the revenue in this segment amounts to US$0.76m.
Looking ahead, the market is expected to witness an annual growth rate of 2.26% from 2024 to 2029, also known as a CAGR (Compound Annual Growth Rate).
In terms of global comparison, in China stands out as the largest revenue generator in the Toasters market, with a staggering US$876m in 2024.
This highlights in China's dominance in this market.
When considering the revenue generated per household, the figure stands at US$4.00 in 2024.
This indicates the financial impact of the Toasters market on individual households.
Moving on to volume, the Toasters market is projected to reach 25.3k pieces units by 2029.
Additionally, there is an expected volume growth of 0.8% units in 2025, showcasing the gradual expansion of this market.
Examining the average volume per household within the Toasters market, it is estimated to be 0.13pieces units in 2024.
This figure provides insights into the level of toaster ownership within households in Luxembourg.
Luxembourg's high purchasing power and appreciation for quality appliances has led to a surge in demand for premium toasters in the market.

Key regions: China, India, United States, Japan, Worldwide

Market

Region

Region comparison

Currency

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.