Market Insights Consumer Household Appliances Small Appliances

Vacuum Cleaners - China

China

In 2024, the revenue in the Vacuum_Cleaners segment in China is estimated to be US$13.18bn.
It is projected that the market will experience an annual growth rate of 2.41% from 2024 to 2028 (CAGR 2024-2028).
Among all countries, in China generates the highest revenue in this segment in 2024 with the same amount of US$13.18bn.
When considering the number of households, the per household revenue in 2024 is expected to be US$27.19.
By 2028, the volume in the Vacuum_Cleaners segment is anticipated to reach 80.2m pieces units.
In 2025, the segment is expected to show a volume growth of 0.5% units.
Furthermore, the average volume per household in the Vacuum_Cleaners segment is projected to be 0.16pieces units in 2024.
China's growing middle class is driving the demand for high-tech, smart vacuum cleaners in the domestic market.

Key regions: United States, Germany, Japan, Worldwide, Canada

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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 Global Consumer 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). GCS data is reweighted for representativeness.