Market Insights Consumer Household Appliances Small Appliances

Toasters - Madagascar

Madagascar

The revenue generated in the Toasters market in 2024 is estimated to be US$9.10m.
It is projected to have an annual growth rate of 4.44% from 2024 to 2029 (CAGR 2024-2029).
Comparatively, in China generates the highest revenue in this segment, amounting to US$876m in 2024.
In terms of per household revenues, the Toasters market is expected to generate US$1.59 in 2024, when considering the total number of households.
Looking ahead to 2029, the volume of the Toasters market is forecasted to reach 295.9k pieces units.
Furthermore, the segment is anticipated to experience a volume growth of 3.2% units in 2025.
On average, each household is expected to have a volume of 0.04pieces units in the Toasters market in 2024.
It is important to note that these figures and projections are specific to the Toasters market and do not represent the overall market conditions in Madagascar.
Madagascar's toaster market is experiencing a surge in demand for eco-friendly and energy-efficient models.

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

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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.