The cordless handsets for line telephone market in France has been exhibiting a steady decline over the years. In 2023, the market size stood at 2.2392 million units. From 2013 to 2023, there has been a consistent downward trend, with year-on-year variations showing continual decreases, particularly noting significant drops in 2017 (-19.52%) and successive years culminating in a -12.55% dip in 2023.
Over the last five years, the market has experienced an average annual decrease (CAGR) of -8.72%. The trend is expected to continue with future forecasts suggesting even sharper declines, with a projected five-year CAGR of -18.76% and an overall anticipated reduction of -64.61% by 2028.
Future trends to watch for:
- Shift in consumer preference towards mobile and internet-based communication methods.
- Technological advancements potentially rendering traditional cordless handsets obsolete.
- Potential consolidation in the market as companies adapt to decreasing demand.