Market Insights Consumer Household Appliances Small Appliances

Grills & Roasters - Asia

Asia

The revenue generated in the Grills & Roasters market in 2024 is a staggering US$1.41bn.
This market is set to experience an annual growth rate of 3.81% from 2024 to 2029, also known as the compound annual growth rate (CAGR).
When comparing global figures, in the United States takes the lead in revenue generation, with a whopping US$4,047m in 2024.
In terms of household income, each household is projected to generate US$1.22 in revenue in 2024.
This figure is determined in relation to the total number of households.
Looking ahead to 2029, the volume in the Grills & Roasters market is expected to reach 52.2m pieces.
However, there is a slight decline anticipated in 2025, with a volume growth rate of 0.7%.
On average, each household is expected to have a volume of 0.04pieces in the Grills & Roasters market in 2024.
It is important to note that these figures pertain to the market segment of Grills & Roasters market, and the data is specific to the country of Asia.
In Japan, the demand for high-quality, charcoal grills has surged, as consumers embrace traditional cooking methods.

Key regions: Europe, United Kingdom, Indonesia, China, Germany

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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.