PROSPECTS AND OPPORTUNITIES
Volume declines set to continue in forecast period
A return to volume sales growth is not expected in the upcoming years due to long replacement cycle and the considerable investment involved in purchasing these products. Lifecycles are expected to be extended due to EU approved policy of “right to repair”, with manufacturers having to offer reasonably priced repairs even after the warranty expires.
Teka Group acquired by Midea Group in 2024
Teka Portugal SA remains the leading player in large cooking appliances and has high awareness in the country due to its local production facilities. In June 2024, it was announced that Teka Portugal had been acquired by the Midea Group, a technology group headquartered in China.
Freestanding cookers face gloomy outlook
Freestanding cookers are expected to witness the worst performance as they are replaced by more advanced and convenient ovens and built in hobs. The cost of gas will remain high, and the more efficient electric models will therefore prove attractive to consumers.
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Overview:
Understand the latest market trends and future growth opportunities for the Large Cooking Appliances industry in Portugal 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 Large Cooking Appliances industry in Portugal, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
The Large Cooking Appliances in Portugal report includes:
- Analysis of key supply-side and demand trends
- Detailed segmentation of international and local products
- Historic volume and value sizes, company and brand market shares
- Five year forecasts of market trends and market growth
- Robust and transparent research methodology, conducted in-country
This report answers:
- What is the market size of Large Cooking Appliances in Portugal?
- Which are the leading brands in Portugal?
- How are products distributed in Portugal?
- To what extent has COVID-19 and accordant macroeconomic and retail disruption impacted demand?
- How are considerations such as urban development and the rise in single-person households determining sales growth?
- Where is future growth expected to be most dynamic?
Large Cooking Appliances in Portugal - Category analysis
KEY DATA FINDINGS
Large cooking appliances witness further drop in volume sales
Premiumisation is visible in large cooking appliances
Premium brands benefit from luxury housing construction
Volume declines set to continue in forecast period
Teka Group acquired by Midea Group in 2024
Freestanding cookers face gloomy outlook
Consumer Appliances in Portugal - Industry Overview
Consumer appliances in 2024: The big picture
2024 key trends
Competitive landscape
Retailing developments
What next for consumer appliances?
DISCLAIMER
The following categories and subcategories are included:
Large Cooking Appliances
- Built-in Large Cooking Appliances
- Freestanding Large Cooking Appliances
- Built-in Hobs
- Ovens
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- Built-in Cooker Hoods
- Freestanding Cooker Hoods
- Cookers
- Range Cookers
Large Cooking Appliances
The large cooking appliances includes freestanding cookers, built-in ovens, built-in hobs and cooker hoods.
See all of our definitionsWhy buy this report?
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- Track key industry trends, opportunities and threats
- Inform your marketing, brand, strategy and market development, sales and supply functions
This report originates from Passport, our Large Cooking Appliances research and analysis database.
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