From 2013 to 2023, the number of persons employed in the domestic appliances sector in Spain showed fluctuations, peaking at around 10.04K employees in 2017 and 2018. However, a significant decline started in 2019 and continued steadily, culminating at 7.44K employees in 2023. The sector experienced year-on-year variations with notable declines in recent years and an overall negative compound annual growth rate (CAGR) over the last five years (-5.81%). Forecast data indicates a continuous decline with the number of employees expected to drop to 4.42K by 2028, revealing a forecasted 5-year CAGR of -8.33%.
Future trends to watch for include increased automation and technological advancements reducing labor requirements, shifts in consumer preferences towards sustainable and smart home appliances, and potential recovery or further decline influenced by economic factors and labor market conditions.
