The Electric Domestic Appliances market in Greece has shown substantial growth from 386 million Euros in 2013 to 629.97 million Euros in 2023. The market experienced overall positive trends, with brief declines in 2017 and marginal growth in 2020 during the pandemic. Notably, the growth rates accelerated post-2020, with 2021 seeing a 6.18% increase, followed by steady growth of 3.09% in 2022 and 2.96% in 2023. The 5-year CAGR from 2018 to 2023 stands at 2.63%, indicating consistent industry expansion even amid economic challenges.
Future trends to watch for:
- Increased adoption of energy-efficient appliances driven by environmental awareness and regulatory changes.
- Integration of smart technologies and IoT capabilities in appliances to meet consumer demand for connectivity and convenience.
- Potential market expansion catalyzed by economic recovery post-pandemic and governmental support for modernizing domestic technological infrastructure.
How does Greece rank in Electric Domestic Appliances Market Size Value?
| # | 16 Countries | Euros | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 9,354,100,000 | 2023 | +1.7% | +3.37% | View data |
| 2 | 2 United Kingdom | 8,179,000,000 | 2023 | +1.41% | +1.46% | View data |
| 3 | 3 Italy | 5,483,100,000 | 2023 | +1.29% | +4.37% | View data |
| 4 | 4 Germany | 5,444,000,000 | 2023 | +1.42% | +4.91% | View data |
| 5 | 5 Spain | 3,760,200,000 | 2023 | +4.38% | +5.45% | View data |
| 11 | 11 Portugal | 1,001,100,000 | 2023 | +1.19% | +2.62% | View data |
| 12 | 12 Finland | 921,000,000 | 2023 | +1.57% | +3.25% | View data |
| 13 | 13 Greece | 629,970,000 | 2023 | +2.96% | +2.63% | |
| 14 | 14 Ireland | 490,150,000 | 2023 | +1.24% | +0.27% | View data |
| 15 | 15 Croatia | 326,810,000 | 2023 | +2.06% | +2.63% | View data |
