Between 2013 and 2023, the market for ventilating or recycling hoods with fan width less than 120 cm in Portugal has shown steady growth, reaching a per capita volume of 0.028 by 2023. The year-on-year variation from 2021 to 2023 was marginally positive, suggesting a stabilization trend. Over the last five years, the compound annual growth rate (CAGR) was modest, reflecting consistent albeit slow demand growth.
Future trends to watch include:
- Emerging energy-efficient technologies that could drive replacements and upgrades.
- Potential impacts of sustainable building practices on hood designs and features.
- Economic fluctuations which might affect consumer spending behaviors on kitchen upgrades.