The domestic electric ovens market in Portugal reached a volume of 165.81 thousand units in 2023. Over the past two years, the market has shown positive growth with year-on-year increases of 2.67% in 2022 and 2.41% in 2023. Over the last five years, the market has grown at a compound annual growth rate (CAGR) of 3.24%. The data indicates periods of faster growth in 2020, driven in part by the increased home-cooking trend during the pandemic, but relatively stable increases afterward.

Future trends to watch for:

The impact of technology advancements and smart home integration on market demand.
Potential shifts in consumer preferences towards energy-efficient and eco-friendly appliances.
Economic conditions influencing discretionary spending on durable goods.