Market Insights Consumer Household Appliances Major Appliances

Dishwashing Machines - Cyprus

Cyprus

The Dishwashing Machines market in Cyprus is projected to generate a revenue of US$8.50m in 2024.
It is estimated that the market will experience an annual growth rate of 6.51% from 2024 to 2029 (CAGR 2024-2029).
In terms of global comparison, in the United States leads the market with a revenue of US$3,529m in 2024.
When considering the total number of households, each household is expected to generate a revenue of US$17.78 in 2024.
Looking ahead, the volume of the Dishwashing Machines market is projected to reach 19.9k pieces units by 2029.
Furthermore, there is an anticipated volume growth rate of 4.4% in 2025.
On average, each household in Cyprus is expected to have a volume of 0.03pieces units in the Dishwashing Machines market by 2024.
Cyprus has seen a surge in demand for high-end dishwashing machines, reflecting the country's growing affluent population.

Key regions: Germany, Worldwide, Canada, United States, China

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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.