Market Insights Consumer Household Appliances Major Appliances

Freezers - Armenia

Armenia

Armenia's revenue in the Freezers market for 2024 is estimated to be US$7.40m.
It is projected that the market will experience an annual growth rate of 3.08% from 2024 to 2029, known as the Compound Annual Growth Rate (CAGR).
When compared to other countries, in China generates the highest revenue in the Freezers market with US$5,491m in 2024.
In terms of per household revenue, in Armenia is expected to generate US$11.90 in 2024.
Looking ahead, the volume of the Freezers market is predicted to reach 16.1k pieces by 2029.
Additionally, there is an expected volume growth of -0.2% in 2025.
The average volume per household in the Freezers market is projected to be 0.03pieces in 2024.
Armenia's freezer market is experiencing a surge in demand due to the country's growing population and increasing disposable income.

Key regions: Indonesia, Japan, India, Germany, Europe

Market

Region

Region comparison

Currency

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.