The non-electric domestic appliances market in Finland has shown a consistent upward trend from 2013 to 2023, with an increase in market size from 78.961 million Euros in 2013 to 148.39 million Euros in 2023. The market exhibited significant growth between 2014 and 2018, peaking in 2017 with a 13.17% year-on-year increase. However, market values fluctuated and slightly declined in 2019 and 2020 before recovering strongly in 2021 with a 17.51% increase. The market size then continued to grow steadily through 2022 (4.38%) and 2023 (4.16%). The five-year CAGR from 2019 to 2023 was 2.79%.
Future projections indicate the market size will reach 177.13 million Euros by 2028, with a forecasted five-year CAGR of 2.8% from 2024 to 2028, reflecting a moderate but consistent growth trajectory. The market's forecasted five-year growth rate is 14.83%, signaling sustained market expansion.
Future trends to watch for include:
- Increasing consumer preference for sustainable and eco-friendly appliances.
- Technological advancements in product design and material usage.
- Potential fluctuations due to economic conditions and consumer spending behavior.
- Impact of governmental regulations promoting energy efficiency and sustainability.
