Weakening household spending power is set to continue over the early forecast period, with consumers spending more money on mortgages and rent, and having less to spend on home laundry appliances. In addition, these appliances are typically purchased using credit, with high-interest rates affecting demand.
There is a rising number of single and two-person households in Norway, with a growing percentage of households residing in confined living spaces. Growth opportunities exist in the provision of space-saving, compact, and clutter free home laundry appliances – specifically automatic washer dryers.
Unit price levels are expected to rise over the forecast period. In addition to cost inflation, upward pressure on unit prices is set to be driven by innovation, such as the addition of wash cycles (hygiene + allergy focus), added convenience (auto-dosage) functionality, and especially connectivity.
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Understand the latest market trends and future growth opportunities for the Home Laundry Appliances industry in Norway with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the Home Laundry Appliances industry in Norway, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
Home Laundry Appliances
Home laundry appliances includes the following categories: automatic dryers, automatic washing machines, automatic washer dryers and semi-automatic washing machines.
See All of Our DefinitionsThis report originates from Passport, our Home Laundry Appliances research and analysis database.
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