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  3. Household Appliances
  4. Small Appliances

Vacuum Cleaners - Armenia

Armenia
  • The Vacuum_Cleaners segment in Armenia is projected to generate a revenue of US$19.64m in 2024.
  • It is anticipated to experience an annual growth rate of 4.38% (CAGR 2024-2029).
  • When compared globally, China leads the market with a revenue of US$13bn in 2024.
  • In terms of per household revenue, in Armenia is expected to generate US$31.57 in 2024.
  • Looking ahead, the volume in the Vacuum_Cleaners segment is estimated to reach 118.3k pieces by 2029.
  • There will be a slight volume growth of 0.1% in 2025.0.
  • On average, each household in Armenia is projected to have a volume of 0.19pieces in the Vacuum_Cleaners segment in 2024.
  • Armenia's rising middle class is driving demand for high-end vacuum cleaners with advanced features and technologies.

Definition: The category of vacuum cleaners comprises both dry and wet models, with and without a self-contained electric motor, having a maximum dust capacity of 20 liters. It should be noted that parts and accessories for vacuum cleaners are not included within this category.

Additional Information: The market comprises key performance indicators such as revenues, volume, price per unit, average revenue and volume per household, and sales channels.

Note that the volume sales only refer to B2C (business to consumer) sales, via both the offline and the online channel. The average revenue and volume per household are determined by dividing the revenues and volume by the number of households, where a household refers to a house and its occupants, regarded as a unit. Finally, price per unit refers to the cost of a single unit of the product.

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In-Scope

  • Vacuum cleaners
  • Wet vacuum cleaners
  • Dry vacuum cleaners

Out-Of-Scope

  • Vacuum cleaners with a maximum dust capacity of more than 20l
  • Non-electric vacuum cleaners
  • Vacuum cleaner parts and accessories
Vacuum Cleaners: market data & analysis - Cover

Market Insights report

Vacuum Cleaners: market data & analysis

Study Details

    Revenue

    Notes: Data was converted from local currencies using average exchange rates of the respective year.

    Most recent update: May 2024

    Source: Statista Market Insights

    Most recent update: May 2024

    Source: Statista Market Insights

    Volume

    Most recent update: May 2024

    Source: Statista Market Insights

    Most recent update: May 2024

    Source: Statista Market Insights

    Key Players

    Most recent update: Mar 2024

    Source: Statista Market Insights

    Price

    Most recent update: May 2024

    Source: Statista Market Insights

    Sales Channels

    Most recent update: May 2024

    Source: Statista Market Insights

    Global Comparison

    Most recent update: May 2024

    Source: Statista Market Insights

    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.

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    Vacuum Cleaners: market data & analysis - BackgroundVacuum Cleaners: market data & analysis - Cover

    Key Market Indicators

    Notes: Based on data from IMF, World Bank, UN and Eurostat

    Most recent update: Sep 2024

    Source: Statista Market Insights

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