The Electric Domestic Appliances Parts Market in Denmark demonstrated a fluctuating trend over the observed period, starting at 12.601 million euros in 2012 and experiencing notable declines, particularly in 2013 (-10.29%) and 2016 (-8.06%). Post-2016, the market saw a recovery with intermittent growth, notably in 2019 (13.35%) and 2020 (11.78%), reaching 13.873 million euros. The last two years saw a slight decrease, with values dipping to 13.697 million euros in 2021 and 13.577 million euros in 2022. The Compound Annual Growth Rate (CAGR) over the last five years was 4.89%, indicating moderate growth.
Future trends to watch for include:
- Increasing consumer demand for smart and energy-efficient appliances.
- Adoption of IoT and AI technologies in domestic appliance parts.
- Regulatory changes aimed at energy conservation and environmental protection potentially driving market needs.
- Supply chain resiliency and diversification in response to global disruptions.
How does Denmark rank in Electric Domestic Appliances Parts Market Size Value?
| # | 6 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 601,350,000 | 2023 | +1.24% | +1.12% | View data |
| 2 | 2 Slovenia | 417,350,000 | 2023 | +2.77% | +2.8% | View data |
| 3 | 3 United Kingdom | 297,810,000 | 2023 | +1.14% | +1.66% | View data |
| 4 | 4 Hungary | 205,520,000 | 2023 | +1.02% | -4.71% | View data |
| 5 | 5 Greece | 21,893,000 | 2023 | +3.9% | +1.12% | View data |
| 6 | 6 Denmark | 17,906,000 | 2023 | +8.48% | +10.34% |