The turnover in the manufacture of domestic appliances sector in Turkey has shown a steady growth from 2023 to 2028. Based on the actual data from 2023, we observe an increasing trend with 2024 turnover projected at 127.61 billion New Turkish Liras, growing to 180.56 billion New Turkish Liras by 2028. This translates to year-on-year variations of approximately 10.52% from 2024 to 2025, 9.42% from 2025 to 2026, 8.53% from 2026 to 2027, and 7.75% from 2027 to 2028. Over the forecast period, the compound annual growth rate (CAGR) is estimated to be around 8.87%.
Future trends to watch for include potential impacts from technological advancements in smart home devices, shifts in consumer preferences towards energy-efficient appliances, and economic factors such as inflation rates and consumer spending power. Additionally, monitoring trade policies and global supply chain dynamics will be crucial for understanding the strategic market environment.
