The electrical equipment and electronics turnover in Spain experienced a peak at €18.98 billion in 2018 but has seen a consistent decline since then. Year-on-year variations reveal a steep decline: -5.85% in 2023. The forecasted data suggest a continuing downward trend, culminating in €10.16 billion by 2028, reflecting a 5-year CAGR of -5.73%.
Future Trends to Watch: The decline in turnover suggests increasing pressure on the sector, likely due to market saturation, technological shifts or economic factors. Future trends may include the need for innovation, digitization, and adaptation to new consumer behaviors to reverse this trend.
