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.
Full
Research Report On Germany Consumer Appliances Market By Grand View
Research:
www.grandviewresearch.com/industry-analysis/germany-consumer-appliances-market
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:
www.grandviewresearch.com/industry/consumer-goods
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
Access
Press Release Of This Research Report By Grand View Research:
www.grandviewresearch.com/press-release/germany-consumer-appliances-market-analysis
www.grandviewresearch.com/press-release/germany-consumer-appliances-market-analysis
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.
For More
Information: www.grandviewresearch.com
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