Market Insights Consumer Household Appliances Small Appliances

Vacuum Cleaners - Greece

Greece

In 2024, the Vacuum_Cleaners segment in Greece is projected to generate a revenue of US$106.50m.
This market is anticipated to grow at an annual rate of 1.74% (CAGR 2024-2028).
It is worth noting that in China leads in terms of revenue generation in this segment, with a staggering amount of US$13,180m in 2024.
When considering the number of households, the per household revenue in Greece is estimated to be US$25.88 in 2024.
Looking ahead to 2028, the volume in the Vacuum_Cleaners segment in Greece is expected to reach 0.6m pieces units.
However, there might be a slight decline in volume growth, with a rate of -0.6% expected in 2025.
On average, each household in Greece is predicted to have a volume of 0.14pieces units in the Vacuum_Cleaners segment by 2024.
The demand for high-powered vacuum cleaners has surged in Greece due to the country's preference for clean and dust-free homes.

Key regions: Europe, Indonesia, Germany, China, United States

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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.