The household expenditure on household appliances in Norway is projected to grow steadily from 2024 to 2028. The values forecasted in Billion Euros show a gradual increase from 1.54 in 2024 to 1.64 in 2028, indicating a year-on-year growth. Based on the actual 2023 value, the market experienced a consistent upward trend leading to 2024 and is expected to maintain this trajectory.
Year-on-year percentage variations reveal minor yet steady increases:
• 2024-2025: 1.30%
• 2025-2026: 1.92%
• 2026-2027: 1.89%
• 2027-2028: 1.23%
The compound annual growth rate (CAGR) from 2024 to 2028 is 1.62% annually, indicating a stable market expansion.
Future trends to watch include shifts in consumer preferences towards energy-efficient appliances, increased smart home integration, and potential economic factors affecting disposable incomes.
