The sold production of electro-mechanical domestic appliances in Finland has experienced notable fluctuations over the years. Starting from a high growth of 327.3% in 2013, the market saw a significant drop in 2014 with a decrease of 70.35%. However, subsequent years showed recovery with 68.24% growth in 2015 and continued increases across most years, leading to a value of 13.438 million Euros in 2023, representing an 8.82% year-on-year increase. Despite a dip in 2017 and 2022, a strong growth trend resumed, especially from 2018 onwards with a 2023 CAGR of 11.56% over the past five years.
Future trends indicate continued growth for the sector with forecasted year-on-year increases and a projected CAGR of 5.22% from 2024 to 2028. It suggests a positive outlook with an overall estimated 28.98% growth rate by 2028. Key trends to watch for include technological advancements, increasing consumer demand for smart home appliances, and potential impacts from economic and regulatory changes.
