Microwave Ovens - China

  • China
  • In 2024, the revenue in the Microwave Ovens market in China amounts to CN¥ €1.52bn.
  • This market is projected to grow annually by 3.44% (CAGR 2024-2029).
  • When compared globally, in the United States generates the highest revenue with €1,853m in 2024.
  • Considering the total number of households, each household is expected to generate revenues of CN¥ €3.10 in 2024.
  • By 2029, the volume in the Microwave Ovens market is estimated to reach 16.7m pieces units.
  • In 2025, there is an expected volume growth of 1.2%.
  • The average volume per household in the Microwave Ovens market is projected to be 0.03pieces units in 2024.
  • China's growing middle class is driving demand for high-tech microwave ovens with advanced features and smart connectivity.

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

 
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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 Global Consumer 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). GCS data is reweighted for representativeness.

Visión general

  • Revenue
  • Volume
  • Price
  • Sales Channels
  • Global Comparison
  • Methodology
  • Key Market Indicators
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