Market Insights Consumer Household Appliances Major Appliances

Washing Machines - Jamaica

Jamaica

In 2024, the revenue in the Washing Machines market in Jamaica amounts to US$25.91m.
It is predicted that the market will experience an annual growth rate of 2.94% (CAGR 2024-2029).
Comparing globally, in China generates the highest revenue in this segment, with US$17,120m in 2024.
When considering the total number of households, each household is expected to generate US$29.22 in revenue in 2024.
Looking ahead, the volume in the Washing Machines market is projected to reach 59.6k pieces units by 2029.
Additionally, there is an anticipated volume growth of 1.4% in 2025.
In terms of average volume per household, it is expected to be 0.06pieces units in 2024.
This information demonstrates the market situation of the Washing Machines market in Jamaica.
Jamaica's washing machine market is experiencing a surge in demand due to the increasing urban population and a growing middle class.

Key regions: India, Japan, Worldwide, Europe, 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.