The Manufacture of Domestic Appliances sector in France experienced significant fluctuations over the past decade. The production value showed volatility in the early years, with a notable decrease in 2013 by 7.96%, followed by a sharp increase of 7.96% in 2014 and a decline of 7.14% in 2015. Recovery began in 2016 with a 15.14% rise and a strong growth trajectory peaking in 2017 with a 20.64% increase. From 2018 onwards, the sector demonstrated steady growth, maintaining values above 4 billion euros, achieving a production value of 4.93 billion euros in 2023. The average annual growth (CAGR) over the last five years stood at 1.93%.
Forecasts indicate continued growth, with production expected to reach 5.45 billion euros by 2028, translating to a forecasted five-year CAGR of 1.59% and an overall growth rate of 8.21%.
Future trends to watch for include:
- Technological advancements and innovation in domestic appliances influencing production efficiency and product offerings.
- Consumer demand shifts towards smart and energy-efficient appliances.
- Impact of environmental regulations driving changes in manufacturing practices.
