Market Insights Consumer Household Appliances Small Appliances

Vacuum Cleaners - Honduras

Honduras

The revenue generated in the Vacuum_Cleaners segment in Honduras is projected to reach US$73.21m in 2024.
This market is anticipated to grow at an annual rate of 4.96% (CAGR 2024-2029).
When compared globally, the highest revenue is generated in China, amounting to US$13,180m in 2024.
In terms of household revenue, each household in Honduras is expected to generate US$35.75 in 2024.
Looking ahead to 2029, the volume in the Vacuum_Cleaners segment is predicted to reach 0.5m pieces units.
This segment is projected to experience a volume growth of 2.4% in 2025.
Additionally, the average volume per household in the Vacuum_Cleaners segment is expected to be 0.20pieces units in 2024.
The demand for high-powered vacuum cleaners has been steadily rising in Honduras due to the country's humid climate and prevalence of dust.

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.