The market size value of electric hair dryers in Spain has seen a steady upward trend from 2012 to 2022, growing from 23.505 million Euros in 2012 to 35.614 million Euros in 2022. Although the market experienced fluctuations, such as a notable 21.48% year-on-year increase in 2014, the overall growth has been consistent. The Compound Annual Growth Rate (CAGR) over the past five years (2016-2022) stands at approximately 2%, indicating moderate but continuous market expansion. The most recent two years observed steady growth with a 4.52% increase in 2021 and a 0.8% increase in 2022.
Future trends to watch for include potential impacts of technological innovations, the rising demand for energy-efficient appliances, and changes in consumer behavior toward sustainability. Additionally, market behavior in post-pandemic periods and economic recovery will be critical in shaping the electric hair dryers market.
