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PUBLISHER: Blueweave Consulting & Research Private Limited | PRODUCT CODE: 1121014

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PUBLISHER: Blueweave Consulting & Research Private Limited | PRODUCT CODE: 1121014

Germany Consumer Appliances Market, By Product Type (Household Appliances and Kitchen Appliances), By Distribution Channel (Online, Supermarkets, and Specialty Stores) Trend Analysis, Competitive Market Share & Forecast, 2018-2028

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Germany Consumer Appliances Market to Grow at a CAGR of 7.4% during Forecast Period

Germany Consumer Appliances Market is flourishing owing to the growing numbers of internet users and smart device users, rising disposable incomes along with the expansion of the smart home product portfolio by a wide range of players are all contributing factors..

A recent study conducted by the strategic consulting and market research firm, BlueWeave Consulting, revealed that the Germany Consumer Appliances Market was worth USD 17.63 billion in the year 2021. The market is projected to grow at a CAGR of 7.4%, earning revenues of around USD 28.74 billion by the end of 2028. The Germany Consumer Appliances Market is booming because both large and small appliances are produced by the companies in the German domestic appliance sector. A few examples of tiny appliances are humidifiers, toasters, juicers, and vacuum cleaners, whereas examples of major appliances include things like stoves, ovens, and refrigerators. Demand for high-end, luxury kitchens and home appliances has increased as the number of sales of opulent residences in Germany has increased. According to the Sotheby's International Realty Survey, 2021, over 70% of real estate professionals anticipated increased demand for luxury houses in 2020, and 63% predict luxury property prices to increase over the next three years. Furthermore, Germany Consumer Appliances Market is one of the most emerging markets that grow continuously owing to the fast integration of new technologies such as the Internet of Things (IoT), Artificial Intelligence (AI), cloud computing, and others. However, premium and smart consumer appliances are expensive and need maintenance, which in turn, may act as a huge restraining factor for the market growth.

Increasing Numbers of Consumer Electronics Showrooms

New consumer electronics stores are projected to increase sales of kitchen appliances. Consumer electronics companies are increasingly attempting to construct new showrooms and stores to capitalize on opportunities created by the growing demand for novel consumer goods such as induction cooktops, conventional grills, and others in modern German homes. During the forecast period, all of these variables present lucrative growth potential in the Germany Consumer Appliances Market (2022-2028). As a result, the Germany Consumer Appliances Market is predicted to develop at a significant rate during the forecast period (2022-2028).

Increasing Demand for Advanced Consumer Appliances

Demand for new consumer goods products and related gadgets such as smart kitchen appliances is rapidly increasing in the household sector as a result of expanding investment in the development of smart houses across Germany's industrialized regions. This also contributes to the market's expansion. As a result, key market participants are investing more money in R&D initiatives to produce distinctive products that include cutting-edge technology such as artificial intelligence and the internet of things. This results in offering lucrative opportunities for the Germany Consumer Appliances Market during the forecast period (2022-2028).

High Costs of Switching for Owners of Current Smart Devices

Shipments of smart home equipment are influenced by consumer usage and needs. Consumers often favor products that are convenient and efficient in terms of energy use. The cost of installing and maintaining smart home appliances is in addition to their cost. Many organizations and customers are hesitant to use smart devices due to their high cost. The expensive price of smart home technology was cited as their main concern by 36% of respondents in the GFK poll. All of these things limit the market growth.

Segmental Coverage

Germany Consumer Appliances Market - By Distribution Channel

Based on distribution channels, the Germany Consumer Appliances Market is segmented into Online, Super Markets, and Specialty Stores. Among these, the online segment holds the largest market share. Since giant retailers like Metro (Media Market and Saturn) continue to hold significant market shares and impede the entry of new competitors, Germany has a higher concentration of businesses. The German e-commerce market is booming, with Amazon and Otto ranked as the top two online merchants. After online retailers, department stores in Germany are the distribution channel with the second-fastest growth. Germans have demonstrated a desire for a wide variety of safe e-payment options, as well as for retail specials and discounts. As a result, in the upcoming years, German department stores and e-commerce are projected to experience substantial growth.

Impact of COVID-19 on Germany Consumer Appliances Market

The growth of Germany's consumer appliances business has been significantly hampered by the recent Covid-19 epidemic. The pandemic affected both the production and sales of appliances through both online and offline channels because of social exclusion and stay-at-home constraints. Due to the lockout of the primary markets, retailers' demands for new purchases have ceased, drastically altering the worldwide supply chain. As a result, the Germany Consumer Appliances Market is significantly impacted by supply chain disruptions. The market is anticipated to grow as a result of some regions' rapid economic recovery and increased sales of kitchen and home appliances. Consequently, it was projected that demand for a wide range of consumer appliances would increase.

Competitive Landscape

The leading market players in the Germany Consumer Appliances Market are Panasonic Corporation, BSH Hausegrate GmbH, Electrolux Group, Gorenje, Arcelik A.S., Bosch, Miele, Thermador, Gaggenau, Liebherr, and other prominent players. The Germany Consumer Appliances Market is highly fragmented with the presence of several manufacturing companies in the country. The market leaders retain their supremacy by spending on research and development, incorporating cutting-edge technology into their goods, and releasing upgraded items for customers. Various tactics, including strategic alliances, agreements, mergers, and partnerships, are used.

The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of the Germany Consumer Appliances Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in the Germany Consumer Appliances Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.

Product Code: BWC22315

Table of Contents

1. Research Framework

  • 1.1. Research Objective
  • 1.2. Product Overview
  • 1.3. Market Segmentation

2. Research Methodology

  • 2.1. Qualitative Research
    • 2.1.1. Primary & Secondary Research
  • 2.2. Quantitative Research
  • 2.3. Market Breakdown & Data Triangulation
    • 2.3.1. Secondary Research
    • 2.3.2. Primary Research
  • 2.4. Breakdown of Primary Research Respondents, By Region
  • 2.5. Assumption & Limitation

3. Executive Summary

4. Germany Consumer Appliances Market Insights

  • 4.1. Industry Value Chain Analysis
  • 4.2. DROC Analysis
    • 4.2.1. Growth Drivers
    • 4.2.2. Restraints
    • 4.2.3. Opportunities
    • 4.2.4. Challenges
  • 4.3. Technological Landscape/Recent Development
  • 4.4. Regulatory Framework
  • 4.5. Porter's Five Forces Analysis
    • 4.5.1. Bargaining Power of Suppliers
    • 4.5.2. Bargaining Power of Buyers
    • 4.5.3. Threat of New Entrants
    • 4.5.4. Threat of Substitutes
    • 4.5.5. Intensity of Rivalry

5. Germany Consumer Appliances Market Overview

  • 5.1. Market Size & Forecast by Value, 2018-2028
    • 5.1.1. By Value (USD Million)
    • 5.1.2. By Volume (Million Units)
  • 5.2. Market Share & Forecast
    • 5.2.1. By Product Type
      • 5.2.1.1. Household Appliances
      • 5.2.1.2. Kitchen Appliances
    • 5.2.2. By Distribution Channel
      • 5.2.2.1. Online
      • 5.2.2.2. Supermarkets
      • 5.2.2.3. Specialty Stores

6. Competitive Landscape

  • 6.1. List of Key Players and Their Product Types
  • 6.2. Market Share Analysis, 2021
  • 6.3. Competitive Benchmarking, By Operating Parameters
  • 6.4. Key Strategic Development (Mergers, Acquisitions, Partnerships, etc.)

7. Impact of Covid-19 on Germany Consumer Appliances Market Industry

8. Company Profile (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook) **

  • 8.1. Panasonic Corporation
  • 8.2. BSH Hausegrate GmbH
  • 8.3. Electrolux Group
  • 8.4. Gorenje
  • 8.5. Arcelik A.S.
  • 8.6. Bosch
  • 8.7. Miele
  • 8.8. Thermador
  • 8.9. Gaggenau
  • 8.10. Liebherr
  • 8.11. Other Prominent Players

9. Key Strategic Recommendations

*Financial information in case of non-listed companies will be provided as per availability

**The segmentation and the companies are subjected to modifications based on the in-depth secondary for the final deliverable

Product Code: BWC22315

List of Figures

  • Figure 1 Germany Consumer Appliances Market Segmentation
  • Figure 2 Germany Consumer Appliances Market Value Chain Analysis
  • Figure 3 Company Market Share Analysis, 2021
  • Figure 4 Germany Consumer Appliances Market Size, By Value (USD Million), 2018-2028
  • Figure 5 Germany Consumer Appliances Market Share, By Product Type, By Value, 2018-2028
  • Figure 6 Germany Consumer Appliances Market Share, By Distribution Channel, By Value, 2018-2028

List of Tables

  • Table 1 Germany Consumer Appliances Market Size, By Product Type, By Value, 2018-2028
  • Table 2 Germany Consumer Appliances Market Size, By Distribution Channel, By Value, 2018-2028
  • Table 3 Panasonic Corporation Company Overview
  • Table 4 Panasonic Corporation Financial Overview
  • Table 5 BSH Hausegrate GmbH Company Overview
  • Table 6 BSH Hausegrate GmbH Technology Overview
  • Table 7 Electrolux Group Company Overview
  • Table 8 Electrolux Group Financial Overview
  • Table 9 Gorenje Company Overview
  • Table 10 Gorenje Financial Overview
  • Table 11 Arcelik A.S Company Overview
  • Table 12 Arcelik A.S Financial Overview
  • Table 13 Bosch Company Overview
  • Table 14 Bosch Financial Overview
  • Table 15 Miele Company Overview
  • Table 16 Miele Financial Overview
  • Table 17 Thermador Company Overview
  • Table 18 Thermador Financial Overview
  • Table 19 Gaggenau Company Overview
  • Table 20 Gaggenau Financial Overview
  • Table 21 Liebherr Company Overview
  • Table 22 Liebherr Financial Overview
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