Market Insights Consumer Household Appliances Small Appliances

Vacuum Cleaners - Hungary

Hungary

In 2024, the Vacuum_Cleaners segment in Hungary is projected to generate a revenue of US$90.39m.
It is anticipated that the market will experience an annual growth rate of 2.73% (CAGR 2024-2029).
Comparatively, in China leads the global market with a revenue of US$13,180m in 2024.
When considering the total number of households, each household is expected to generate a revenue of US$20.98 in 2024.
Looking ahead to 2029, the volume in the Vacuum_Cleaners segment is predicted to reach 0.5m pieces.
However, in 2025, there is an expected decline in volume growth of -0.2%.
On average, each household in Hungary is expected to have a volume of 0.11pieces in the Vacuum_Cleaners segment by 2024.
The demand for high-performance vacuum cleaners in Hungary has been steadily increasing due to the country's growing focus on cleanliness and hygiene.

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.