The electric domestic appliances market in Belgium has displayed varying trends from 2013 to 2023, with a particularly notable decline in 2014 but subsequent recovery and steady growth in the later years. In 2023, the market size stood at 13.311 million in value. Year-on-year variations show a fluctuating pattern, with the most significant dip occurring in 2014 (-16.66%). However, recent years have seen stable growth, averaging a CAGR of 0.44% over the last five years.
Future trends indicate a continued but modest growth forecast, with a projected 5-year CAGR of 0.94% from 2024 to 2028, and an overall growth rate of 4.79%. Key trends to watch for include the adoption of smart appliances and increasing consumer interest in energy-efficient and eco-friendly products.
