From 2013 to 2023, the Electric Domestic Appliances Market in Spain showed notable growth in per capita volume. The market started at 0.89 units per capita in 2013 and reached 1.21 units per capita by 2023. Year-on-year growth varied, with a notable increase in 2016, a dip in 2018, and recovery in 2019. Between 2021 and 2023, the market grew by approximately 10%. The five-year CAGR for the period 2019-2023 was around 0.66%, indicating a steady annual growth rate.
Looking forward, the market may be influenced by:
- Technological innovations driving replacement demand.
- Increasing consumer focus on energy-efficient appliances.
- Potential impacts from shifts in disposable income and housing trends.
