Market Insights Consumer Household Appliances Small Appliances

Vacuum Cleaners - Nepal

Nepal

In 2024, the revenue in the Vacuum_Cleaners segment in Nepal is projected to reach US$175.00m.
The market is anticipated to grow annually by 5.65% (CAGR 2024-2029).
Compared to other countries, in China generates the highest revenue in the Vacuum_Cleaners segment, amounting to US$13,180m in 2024.
When considering the total number of households, each household is expected to generate revenues of US$28.16 in 2024.
By 2029, the volume in the Vacuum_Cleaners segment is estimated to reach 1.1m pieces.
Additionally, a volume growth of 2.9% is projected for 2025.
The average volume per household in the Vacuum_Cleaners segment is expected to be 0.15pieces in 2024.
The demand for high-quality vacuum cleaners in Nepal has seen a significant increase due to the country's growing middle-class population and rising awareness about 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.