Market Insights Consumer Household Appliances Small Appliances

Hair Dryers - Dominican Republic

Dominican Republic

The revenue generated in the Hair Dryers market in the Dominican Republic amounts to US$10.24m in 2024.
It is projected to experience an annual growth rate of 3.83% (CAGR 2024-2029).
In terms of global comparison, in China generates the highest revenue in the Hair Dryers market, reaching US$1,912m in 2024.
When considering the total number of households, the per household revenue in the Dominican Republic is estimated to be US$4.00 in 2024.
Looking ahead, the volume of the Hair Dryers market is expected to reach 0.4m pieces units by 2029.
However, in 2025, a slight decline of 1.5% is expected in the segment's volume growth.
On average, each household in the Dominican Republic is projected to have a volume of 0.15pieces units in the Hair Dryers market in 2024.
The Dominican Republic has seen a surge in demand for high-powered, salon-quality hair dryers among its fashion-forward population.

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

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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.