Market Insights Consumer Household Appliances Small Appliances

Vacuum Cleaners - NAFTA

NAFTA

In 2024, the revenue in the Vacuum_Cleaners segment in NAFTA amounts to US$8.04bn.
This market is projected to grow annually by 3.93% (CAGR 2024-2029).
It is worth noting that, in global comparison, in China generates the highest revenue with US$13,180m in 2024.
Moreover, in relation to the total number of households, per household revenues of US$45.75 are expected to be generated in 2024.
Looking ahead, by 2029, the volume in the Vacuum_Cleaners segment is expected to reach 53.7m pieces.
Additionally, a volume growth of 1.4% is anticipated in 2025.
Lastly, the average volume per household in the Vacuum_Cleaners segment is projected to be 0.28pieces in 2024.
In the NAFTA region, the market for vacuum cleaners is dominated by technologically advanced models that offer features tailored to the needs of consumers in each country.

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.