In 2023, the electric domestic appliances market turnover in Finland was 130.8 million Euros. From 2013 to 2023, the market has shown significant fluctuations, with notable declines in the mid-2010s, followed by a recovery starting in 2019. The period between 2018 and 2023 exhibited positive growth, marked by stable increases with an average annual growth rate (CAGR) of 4.47%. For the future, until 2028, the forecast shows a continued but slowing growth with a forecasted CAGR of 0.94%, indicating market maturity.
Future trends to watch for:
- Increasing consumer demand for energy-efficient and smart appliances.
- Technological advancements and innovations in domestic appliances.
- Growing emphasis on sustainability and eco-friendly products.
- Potential impacts of economic fluctuations and consumer spending patterns.
