The domestic appliances market in Italy saw fluctuations in turnover over the years, starting from 2013 with notable peaks and troughs. Following a peak in 2014, the industry experienced a series of variations with positive growth in some years and declines in others. By 2023, the turnover stood at 8.23 Billion Euros. Over the past two years (2022-2023), there was a slight positive trend with an average year-on-year growth of 1.28%. However, the five-year CAGR until 2023 remained almost flat, showing a minimal decline of -0.079% annually.
Future trends to watch for include a continued slight decline with a forecasted five-year CAGR at -0.75% and an overall 3.7% reduction in turnover by 2028. Key factors influencing these trends may include changes in consumer behavior, technological advancements, and economic conditions in Italy.
