The Portuguese market for domestic electric ovens for building-in has demonstrated consistent growth from 2013 to 2023, reaching a market size of 55.718 million Euros in 2023. From 2018 to 2023, the compound annual growth rate (CAGR) averaged at 8.04%. The market experienced its most significant expansion in 2016 with a year-on-year increase of 23.53%, while the growth rate has steadily moderated to 6.2% by 2023. This consistent growth trajectory is indicative of an increasing demand for modern kitchen appliances in new residential constructions and renovations.
Future trends to watch for include:
- A potential deceleration in the growth rate due to market maturity.
- Increased consumer interests in energy efficiency and smart home technologies potentially driving product innovation and higher value sales.
- The impact of economic conditions and construction industry developments in Portugal on future demand.
How does Portugal rank in Domestic Electric Ovens for Building-In Market Size Value?
| # | 8 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 769,570,000 | 2023 | +3.6% | +2.11% | View data |
| 2 | 2 United Kingdom | 398,190,000 | 2023 | +2.4% | +1.95% | View data |
| 3 | 3 France | 387,950,000 | 2023 | -0.19% | +0.67% | View data |
| 4 | 4 Denmark | 66,576,000 | 2023 | +2.9% | +7.22% | View data |
| 5 | 5 Portugal | 55,718,000 | 2023 | +6.2% | +8.04% | |
| 6 | 6 Finland | 29,523,000 | 2023 | +2.89% | +4.96% | View data |
| 7 | 7 Sweden | 28,260,000 | 2023 | -0.28% | -2.99% | View data |
