In 2023, the household expenditure on home hardware in Spain stood at €2.38 billion. The forecasted data from 2024 to 2028 shows a steady increase, growing from €2.44 billion in 2024 to €2.69 billion by 2028. The year-on-year variation displays a consistent positive trend with increases of approximately 2.87%, 2.39%, 2.33%, and 2.28% for the years 2024 to 2027 respectively. Over the five-year period, the Compound Annual Growth Rate (CAGR) stands at around 2.42%.
Future trends to watch for include the impact of technological advancements in home hardware, shifts in consumer behavior towards DIY home projects, and potential economic factors such as inflation or changes in disposable income which could influence household expenditure patterns in this market.