Spain Household Appliances Market Outlook

The spanish household appliances market outlook for 2018 to 2032 is filled with a great deal of optimism. spain’s population is forecast to grow to over 47 million by 2032, and with more people beginning to upgrade older appliances with the latest in smart technology, the country’s home appliance market has been thriving. the consumer appliance industry has been a strong contributor to the spanish economy, with spain listed as the second largest market in the european union for household appliances in terms of turnover. in 2018, spaniards spent an estimated €3.6 billion on kitchen and household appliances. this figure is expected to grow to €4.9 billion by 2032. this demand for modern appliances is driven by a range of factors, including youth households spending more on appliances than other demographic groups, incomes growing faster than inflation, and an increase in the use of credit in the purchasing process. another factor contributing to the growth in spanish domestic appliance sales is the rise of the e-commerce sector. online sales grew at a rate of 17.6% between 2015 and 2020, and the country now has a mature online market. this has provided a major boost to the appliance market, with web-based operators offering attractive discounts and delivery of goods across the entire country. in particular, spaniards are beginning to invest in energy-efficient appliances, with ovens, fridges, and washing machines becoming increasingly popular. added concerns about rising electricity prices have pushed shoppers to invest more in energy-saving features in their appliances. there has also been a shift in the type of products manufactured to meet the demands of spanish consumers. major manufacturers, such as bosch, hotpoint, and whirlpool have all invested heavily in research and development in order to produce smarter, more energy-efficient and longer lasting products. overall, the spanish household appliances market outlook for 2018 to 2032 is bright. with rising incomes, the growth of e-commerce, and an increasing demand for energy-efficient household appliances, spain is on track to further bolster its reputation as an important market for domestic appliances.