Market Insights Consumer Household Appliances Small Appliances

Vacuum Cleaners - Guyana

Guyana

In 2024, the revenue in the Vacuum_Cleaners segment in Guyana amounted to a significant US$2.57m Guyanese dollars.
Looking ahead, the market is projected to experience an annual growth rate of 0.46% (CAGR 2024-2029).
It is worth noting that when compared on a global scale, in China generates the highest revenue in this segment, reaching an impressive US$13,180m Guyanese dollars in 2024.
When considering the per household revenues in Guyana, it is estimated that each household generated US$14.30 Guyanese dollars in revenue in 2024.
This figure showcases the economic impact and potential of the Vacuum_Cleaners segment in the country.
In terms of volume, it is expected that the Vacuum_Cleaners segment will reach 13.5k pieces units by 2029.
However, a slight decline in volume growth of -1.9% is anticipated in 2025.
This indicates a temporary setback but does not undermine the overall growth potential of the market.
Furthermore, an average volume per household of 0.08pieces units is expected in the Vacuum_Cleaners segment in Guyana in 2024.
This serves as a valuable metric to understand the level of market penetration and the demand for vacuum cleaners among households in the country.
Despite its tropical climate, Guyana has seen a growing demand for high-powered vacuum cleaners due to the prevalence of dust and dirt in urban areas.

Key regions: Indonesia, Canada, Europe, Worldwide, Japan

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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.