From 2013 to 2023, the Electro-Mechanical Domestic Appliances market in Portugal exhibited a steady growth from 0.14 units per capita to 0.29 units per capita. In 2023, the market size volume stood at 0.29 units per capita. Over the last two years, there was a moderate year-on-year increase, reaching a 3.57% growth in 2023 over 2022. The compound annual growth rate (CAGR) for the past five years was approximately 3.67%, indicating a consistent upward trend.
Future trends to watch for include:
- Potential market expansion due to rising technological integration in appliances.
- Increased consumer demand for energy-efficient and smart home products.
- Economic factors influencing consumer purchasing power and market growth.