Market Size of Italy Home Appliances Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | 3.35 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Italy Home Appliances Market Analysis
The Italy Home Appliances Market has generated a revenue of USD 8.25 Billion in the current year and is poised to achieve a CAGR of 3.35% for the forecast period.
COVID-19 has disrupted the global supply chain of major home appliances and consumer electronic brands. The home appliance market in Italy suffered from sluggish economic conditions, which resulted in only minimal growth of retail volumes in 2021. The home appliances market, both in terms of value and volume, remains subdued with the major appliances segment following a similar pattern, while small appliances remain more dynamic than major appliances in current value terms. The market relies on both domestic production and imports from the countries, such as China, to meet its demand for appliances.
The average family size is shrinking in Italy, with people living in small and affordable apartments. With fewer space consumers not only need small products but also need smaller or multifunctional appliances that can perform various tasks at the same time, thus, making their lives easier.
