The Germany
consumer appliances market is expected to reach USD 20.8 billion
by 2025, according to a new report by Grand View Research, Inc. This report
includes a detailed market analysis of the Germany household appliances market
and market shares of major domestic appliances and minor domestic appliances.
The report also covers different factors that have led to the growth and
decline in this market space along with a brief market snapshot.
Germany
is considered a matured and a developed market in the household appliances
industry. Germany has been the focal point of development in the European
region in terms of innovation and considering the requirements of the
consumers. The sales of these household appliances in the German market depends
upon the trade deals for the remodeling and renovation of houses, or exchange
and upgradation of older household appliances.
The
technical and mechanical advancements in the home appliances products have
contributed towards enhancing the way of life of individuals in Germany. A wave
of change in the use of these products can be seen because of the increasing
disposable income of German citizens and the fast urbanization patterns
occurring in different parts of the world.
Under
consumer appliances industry, the household appliances, also known as white
goods has been segmented into two major parts, Major domestic appliances and
minor domestic appliances. This classification is based on the utility of the
appliances such as cooling, cooking, heating and cleaning. For instance,
refrigeration appliances, washing appliances (clothes washers, dryers, and
others), room comfort (cooling systems, room warmers, fans, dehumidifiers and
others), water heaters, cleaning appliances (vacuum cleaners, dish cleaners and
others) and entertainment appliances and machines (TVs, Laptops, smartphones
and others).
The
small household appliances such as blenders, toasters, mixers, and hotplates
also support the growth and development of the overall home appliances industry
in Germany but at a slow pace.
The
Germany household appliances market has additionally been fragmented based on
the distribution channel into E- retailers, departmental stores, Hypermarkets,
supermarkets, and others. Although e retailers and departmental stores have
been mostly used by the buyers, the e commerce business is relied upon to be
the quickest developing distribution channel in the coming future. Web based
business is the main driving force for the household appliance purchases. This,
in blend with creative credit plans, Discounts and offers is making the
procurement of household appliances less demanding for middle incomed people.
The
significant players in the home appliances market in the Germany are Haier
Electronics Group Co. Ltd, Whirlpool, Electrolux AB, LG Electronics, Panasonic
Corporation, Samsung Electronics, Arcelik A.S and Gorenje Group to name a few.
Browse full research report on Germany Consumer Appliances Market: https://www.grandviewresearch.com/industry-analysis/germany-consumer-appliances-market
Further
key findings from the report suggest:
- The German
household appliances market is growing at a CAGR of 1.3% and is expected
to reach USD 20.8 billion by 2025. Major reasons behind the growth being,
recovery of European economy and influx of smart appliances in the market.
- By 2025,
under the product segment, major household appliances are expected to
reach a value of USD17.6 billion. This can be attributed to the growing
purchasing power of the consumers in Germany.
- The minor
domestic appliances market is expected to reach USD 3.2 billion by 2025
with a CAGR of 0.8% during the forecast period.
- The Germany
household appliances market currently represents approximately 23% of the
total European household appliances market.
- Among the
distribution channels, E-retailers like Amazon and Otto are growing the
fastest at a CAGR of 1.6% followed by departmental stores like Aldi and
Metro progressing at a CAGR of 1.5% during the forecast period.
- Out of the
many commercial players in this market space, the big players who are
going to enjoy major market share are, Whirlpool, Electrolux AB, LG
Electronics, Panasonic Corporation, Samsung Electronics, Arcelik A.S and
Gorenje Group.
Browse more reports of this category
by Grand View Research: https://www.grandviewresearch.com/industry/consumer-goods
Grand
View Research has segmented the Germany household appliances market based on
product type and distribution channels.
Germany
Consumer Appliances Product Outlook (Revenue, USD Billion, 2014 - 2025)
- Major
Domestic Appliances
- Minor
Domestic Appliances
Germany
Consumer Appliances Distribution Channel Outlook (Revenue, USD Billion,
2014 - 2025)
- E-retailers
- Discount,
variety stores and general merchandisers
- Hypermarket,
supermarket and discounters
- Department
stores
- Other
About Grand View
Research
Grand View Research, Inc. is a U.S. based market
research and consulting company, registered in the State of California and
headquartered in San Francisco. The company provides syndicated research
reports, customized research reports, and consulting services. To help clients
make informed business decisions, we offer market intelligence studies ensuring
relevant and fact-based research across a range of industries, from technology
to chemicals, materials and healthcare.
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