The market size for ventilating or recycling hoods incorporating a fan, with a maximum horizontal side less than 120 cm in Portugal, experienced consistent growth from 2013 through 2023, standing at 3.77 Euros per capita in 2023. Year-on-year growth rates have varied, with notable increases particularly between 2016 and 2018. Over the last two years, the market grew by approximately 4.06% in 2022 and 3.85% in 2023. The compound annual growth rate (CAGR) for the past five years averaged around 6.80% per year. This trend indicates a robust demand and expanding consumer capability in Portugal.
Future trends to watch for include the impact of energy-efficient technologies and smart home integration, which are likely to drive further demand. Additionally, sustainability and eco-friendly products could become major influencers of consumer preference in the coming years.
