The small kitchen appliances industry is a dynamic and ever-evolving sector that plays a crucial role in modern households. In this blog post, we will delve into the latest statistics and trends shaping this industry, providing valuable insights into the market landscape, consumer preferences, and innovations driving growth. Join us as we explore the fascinating world of small kitchen appliances through a statistical lens.
The Latest Small Kitchen Appliances Industry Statistics Explained
The global small kitchen appliances market size was valued at USD 68.05 billion in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 11.7% from 2021 to 2028.
The statistic indicates that the global small kitchen appliances market had a value of USD 68.05 billion in 2020 and is projected to experience significant growth with a compound annual growth rate (CAGR) of 11.7% from 2021 to 2028. This suggests that the market is expected to expand steadily over the forecast period. This growth rate is a positive indicator for the small kitchen appliances industry, indicating increasing demand and potential opportunities for manufacturers, retailers, and consumers within this market segment.
Nearly 48% of small kitchen appliances were purchased online in North America in 2020.
The statistic suggests that a substantial portion, specifically almost half (48%), of small kitchen appliances were bought through online channels in North America during the year 2020. This indicates a growing trend towards online shopping for such products, likely influenced by factors such as convenience, variety of options, and potentially even the impact of the COVID-19 pandemic on changing consumer behavior. The shift to online purchases of small kitchen appliances reveals a changing retail landscape and highlights the importance for traditional brick-and-mortar stores to adapt to the growing digital marketplace to remain competitive in the industry.
The single-cup coffee maker is one of the bestselling small kitchen appliances in the United States.
The statistic “The single-cup coffee maker is one of the bestselling small kitchen appliances in the United States” indicates that single-cup coffee makers are highly popular and in-demand among consumers within the small kitchen appliance market in the U.S. This suggests that there is a strong preference for the convenience, efficiency, and quality of single-cup coffee brewing among Americans. The popularity of single-cup coffee makers could be driven by factors such as the growing trend towards individualized and customizable coffee preferences, ease of use, and the desire for quick and convenient coffee preparation. Additionally, the statistic implies that single-cup coffee makers could potentially dominate the small kitchen appliance industry, illustrating their significant market share and consumer appeal within the United States.
Electric kettles and coffee machines led the small kitchen appliances market in 2020.
The statistic “Electric kettles and coffee machines led the small kitchen appliances market in 2020” indicates that within the small kitchen appliances industry, electric kettles and coffee machines were the top-selling products in terms of revenue, market share, or other relevant metrics for the year 2020. This implies that consumers had a higher demand for electric kettles and coffee machines compared to other small kitchen appliances such as toasters, blenders, or juicers. Factors such as convenience, versatility, and the increasing trend of at-home coffee brewing likely contributed to the popularity of electric kettles and coffee machines in the market during 2020.
Asia-Pacific region accounted for more than 40% of the revenue share for small kitchen appliances in 2019.
The statistic indicates that in 2019, the Asia-Pacific region generated over 40% of the total revenue from small kitchen appliances globally. This suggests that the market for small kitchen appliances in the Asia-Pacific region is significant and holds a prominent share of the overall sales within this industry. The region’s high revenue share highlights the growing demand for small kitchen appliances in countries across Asia-Pacific, potentially driven by factors such as rising household incomes, changing lifestyles, and a growing preference for modern kitchen technologies. Businesses operating in the small kitchen appliance industry may consider expanding their presence in the Asia-Pacific region to capitalize on this lucrative market and drive further revenue growth.
Over 25% of Americans intend to buy a small kitchen appliance in the next 12 months.
The statistic “Over 25% of Americans intend to buy a small kitchen appliance in the next 12 months” indicates that a significant portion of the American population is considering purchasing a small kitchen appliance within the next year. This statistic suggests that there is a notable level of consumer interest and potential demand for small kitchen appliances in the market. It may imply opportunities for appliance manufacturers and retailers to capitalize on this consumer intention by offering appealing products, promotions, and marketing strategies that cater to this potential buyer segment. Additionally, tracking this statistic over time can provide insights into consumer behavior and trends in the kitchen appliance retail industry.
65% of the small kitchen appliances market consists of replacement purchases.
The statistic that 65% of the small kitchen appliances market consists of replacement purchases indicates that the majority of consumers within this market are buying new appliances to replace existing ones rather than making initial purchases. This suggests a high level of market saturation and brand loyalty, where customers are likely to choose a familiar brand or model when replacing their appliances. Additionally, the statistic implies that product longevity and reliability are important factors for consumers in this market, as they are more inclined to replace their appliances rather than buy additional ones. Understanding this trend can help businesses in the small kitchen appliances industry tailor their marketing strategies and product development to effectively target and retain customers who are in the replacement purchase segment of the market.
Australia’s small kitchen appliances market is worth around AUD 1.05 billion annually.
The statistic that Australia’s small kitchen appliances market is worth around AUD 1.05 billion annually signifies the total value of sales generated by small kitchen appliances within Australia each year. Small kitchen appliances typically include items such as toasters, blenders, coffee makers, and food processors. This statistic is indicative of the economic importance and consumer demand for these products in the Australian market. It serves as a key performance indicator for businesses operating in the small kitchen appliances industry, indicating the market size and potential for growth, as well as informing strategic decision-making and marketing efforts within the industry.
The average selling price of small kitchen appliances in the US was $47 in 2021.
The statistic “The average selling price of small kitchen appliances in the US was $47 in 2021” indicates that when considering all small kitchen appliances sold in the US in 2021, the average price was $47. This average selling price serves as a summary measure of the central tendency of small kitchen appliance prices in the US during that year. It provides valuable insight for manufacturers, retailers, and consumers about the general pricing trend in the market. Understanding this average selling price can inform pricing strategies, consumer expectations, and overall market trends in the small kitchen appliance industry.
There were 8.8 million toasters sold in Europe in 2019.
The statistic “There were 8.8 million toasters sold in Europe in 2019” indicates the total number of toaster units sold within the European market during the year 2019. This figure provides insight into the demand for toasters among European consumers and suggests that toasters are popular household items within the region. Additionally, this statistic can be used by manufacturers, retailers, and policymakers to understand market trends, consumer preferences, and potentially inform future production and distribution strategies within the European toaster market.
The small kitchen appliances sector in the UK was worth £897 million in 2017.
This statistic indicates that the small kitchen appliances sector in the UK generated a total revenue of £897 million in the year 2017. This value reflects the combined sales of various small kitchen appliances such as toasters, electric kettles, blenders, and food processors in the UK market during that year. The figure of £897 million represents the economic size and importance of the small kitchen appliances industry within the UK consumer market, highlighting the significant demand for these products among consumers in the country during that period.
Single-serve coffee makers have a market share of almost 50% in the coffee and tea makers segment in the US.
The statistic that single-serve coffee makers have a market share of almost 50% in the coffee and tea makers segment in the US indicates that these particular coffee makers are extremely popular and widely used among consumers in the US market. This high market share suggests that single-serve coffee makers are preferred by a significant portion of consumers over other types of coffee and tea makers. The statistic also highlights the competitive advantage and dominance that single-serve coffee maker brands have achieved in the market, showcasing their appeal, convenience, and possibly their ability to adapt to changing consumer preferences towards individualized and convenient coffee brewing options.
China will represent the largest regional market for small kitchen appliances over the next five years.
This statistic indicates that China is expected to have the highest demand for small kitchen appliances compared to other regions in the next five years. This projection suggests that the market for small kitchen appliances in China is anticipated to grow substantially, potentially driven by factors such as increasing urbanization, rising disposable incomes, and changing consumer lifestyles that are leading to greater adoption of modern kitchen appliances. Manufacturers and businesses operating in this industry may want to focus their strategies and resources on the Chinese market to capitalize on this expected growth and meet the growing demand for small kitchen appliances in the region.
The production value of small kitchen appliances in Japan was around 69.8 billion yen in 2019.
The statistic indicates that the total monetary value of small kitchen appliances manufactured in Japan in 2019 was approximately 69.8 billion yen. This figure represents the aggregate worth of all small kitchen appliances produced within the country during that year. It provides insight into the economic significance and scale of the small kitchen appliance manufacturing industry in Japan, reflecting the level of production activity and the market demand for such products during that time period. This statistic is valuable for policymakers, industry experts, and investors seeking to understand the contribution of small kitchen appliances to Japan’s economy and to track trends in the manufacturing sector.
About 55% of Americans own a slow cooker.
The statistic that about 55% of Americans own a slow cooker indicates that a majority of the American population has this kitchen appliance in their homes. Slow cookers are popular for their convenience and ability to easily prepare meals over an extended period of time, making them a common tool for busy households or individuals looking for easy meal preparation. This high ownership percentage suggests that slow cookers have become a staple in American kitchens and are likely a preferred cooking method for many individuals when it comes to preparing meals.
The revenue of the U.S. small kitchen appliances retail market in 2021 amounted to $30.3 billion.
The statistic indicates that the total revenue generated by the small kitchen appliances retail market in the United States in 2021 was $30.3 billion. This figure represents the monetary value of all sales made by businesses within the small kitchen appliances sector throughout the year. It serves as a key indicator of the market’s size, performance, and economic significance. The substantial revenue amount suggests a strong demand for small kitchen appliances among consumers in the U.S. during the specified period. Analyzing trends in revenue over time can provide valuable insights into the market’s growth trajectory, consumer preferences, and overall economic activity within the small kitchen appliances industry.
Approximately 45% of people buy small kitchen appliances for a new home or apartment.
The statistic that approximately 45% of people buy small kitchen appliances for a new home or apartment suggests that a significant portion of individuals prioritize equipping their kitchen when moving into a new living space. This data implies that small kitchen appliances, such as toasters, coffee makers, or blenders, are commonly seen as essential items when setting up a new household. The high percentage indicates a widespread consumer behavior and highlights the importance of kitchen appliances in the daily lives of many individuals. Understanding this statistic can be valuable for businesses in the kitchenware industry to tailor their marketing strategies and product offerings to meet the needs and preferences of this consumer segment.
Over 35 million coffee makers are sold on annual basis in the United States.
The statistic stating that over 35 million coffee makers are sold on an annual basis in the United States provides valuable insight into the popularity and demand for coffee-making appliances within the country. This substantial number reflects the widespread coffee culture prevalent in the United States and underscores the importance of coffee as a popular beverage choice for many consumers. The high sales volume also signifies a competitive market for coffee maker manufacturers, with various brands vying for consumer attention and loyalty through product innovation, marketing strategies, and pricing. Overall, this statistic highlights the significant role that coffee makers play in the daily routines and lifestyles of millions of Americans.
The mini fridges market is projected to reach $1.75 billion by 2025 from $1.02 billion in 2018 globally.
The statistic suggests that the global mini fridges market is expected to experience significant growth between 2018 and 2025, with projected revenue increasing from $1.02 billion to $1.75 billion. This indicates a potential growth rate in market size and demand for mini fridges within this period. The growth may be driven by factors such as increasing urbanization, changing lifestyles, rising disposable incomes, and technological advancements in the mini fridge industry. The projected increase in market value signifies opportunities for businesses operating in this sector to expand their market presence, launch new products, and capitalize on the growing demand for compact refrigeration solutions worldwide.
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