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The Germany major home appliance market size is forecast to increase by USD 5.41 billion at a CAGR of 4.37% between 2023 and 2028. The market is witnessing significant growth due to several key trends. The increasing focus on health and hygiene is driving the demand for major home appliances, particularly in smaller households. Eco-friendly appliances that help reduce carbon footprint are gaining popularity among consumers. Smart home integration is another major trend, with consumers increasingly opting for smart home systems to control their kitchen appliances, water heaters, and purifiers remotely. However, fluctuations in raw material prices and operating costs pose challenges to market growth. The market is expected to witness the adoption of advanced technologies such as IoT and AI to enhance the functionality and efficiency of home appliances. Overall, the market for major home appliances in Germany is poised for growth, driven by these trends and the evolving needs of consumers.
The market is a significant segment of the household goods and consumer appliances industry. This market encompasses large home appliances such as dishwashers, refrigerators, washing machines, ovens, and smaller appliances like vacuum cleaners, water heaters, purifiers, iron, microwave ovens, and stoves and ovens, collectively known as white goods. Germany's home appliance market is witnessing double-digit growth rates due to the increasing demand for green large appliances and smart home integration. Dishwashers, including built-in and freestanding models, as well as smart dishwashers, are popular choices for German households. Refrigerators, available in various sizes and designs, are essential household appliances, with an increasing focus on energy efficiency and eco-friendly features.
Furthermore, washing machines also continue to be in demand, with a shift towards smart home integration and reduced carbon footprint. The market for green large appliances is growing as consumers seek to minimize their environmental impact. Smart home appliances, such as smart dishwashers and smart home systems, are gaining popularity due to their convenience and energy savings. Overall, the German home appliances market is expected to continue its strong growth, driven by consumer preferences for eco-friendly and smart home integration.
The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD billion" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
The offline segment is estimated to witness significant growth during the forecast period. The market encompasses the sale and distribution of various appliances, including freestanding dishwashers, household refrigerators, and washing machines, among others, through both online and offline channels. While online platforms offer convenience and accessibility, the offline distribution channel remains popular due to consumers' preference for physically inspecting appliances before purchase. This channel involves the sale and distribution of appliances through physical retailers, such as brick-and-mortar stores, wholesalers, resellers, and agents. German consumers value the opportunity to assess the quality, features, and suitability of appliances like smart dishwashers, refrigerators with faster cooling technology, and air conditioners in person. These appliances offer efficient cleaning and cooling capabilities, making them essential for modern households.
Furthermore, the offline distribution channel plays a significant role in catering to this demand, ensuring consumers can make informed decisions when investing in major home appliances.
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The offline segment accounted for USD 16.16 billion in 2018 and showed a gradual increase during the forecast period.
Our market researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Increasing focus on health and hygiene spurring use of major home appliances is the key driver of the market. The market is witnessing significant growth due to the increasing focus on household hygiene and consumer demand for advanced, energy-efficient appliances. Green large appliances, such as dishwashers, are gaining popularity, with built-in models being a preferred choice among consumers.
Moreover, smart home appliances, including dishwashers with connectivity features, are also witnessing double-digit growth rates. Haier, a leading company in the market, offers innovative solutions with clean technology in its Haier inverter dishwasher. This technology ensures the removal of pathogens and maintains a hygienic environment, contributing to preventive healthcare. Overall, the market for home appliances and household goods in Germany is expected to continue its growth trajectory, driven by consumer preferences for energy efficiency, convenience, and healthier living.
Smart and connected home appliances gaining traction is the upcoming trend in the market. The market is experiencing significant growth due to several factors. Consumers' increasing preference for smart home appliances to streamline daily tasks is a key driver for market expansion. Additionally, the rise in purchasing power, an increase in the number of nuclear families, the popularity of modular kitchens, and changing eating habits are influencing the market.
Furthermore, green large appliances, such as dishwashers, are gaining popularity due to their energy efficiency and advanced features. companies like Haier Electronics Group, LG Electronics, and Electrolux AB are catering to this demand by offering smart and connected home appliances. These appliances, such as built-in dishwashers, offer convenience and efficiency, further fueling market growth.
The market is expected to register double-digit growth rates during the forecast period.
Fluctuations in raw material prices and operating costs is a key challenge affecting the market growth. The market is characterized by the production and sale of various household goods, including consumer appliances and large home appliances. Green large appliances and smart home appliances are gaining significant traction due to increasing consumer preference for energy efficiency and connectivity. The market is experiencing double-digit growth rates, driven by factors such as increasing disposable income, urbanization, and population growth. Manufacturers face challenges in maintaining profitability due to the dependence on raw materials, particularly plastic, steel, and rubber, whose prices are subject to international market fluctuations. These price fluctuations directly impact the final product price and may hamper profit margins.
Additionally, the cost of labor, distribution, and marketing further influences the market price. To stay competitive, companies invest in Research and Development (R&D) to incorporate advanced technologies into their appliances. The prices of petroleum, a major component of transportation costs for raw materials and finished products, also impact the market. Overall, the market is dynamic and requires manufacturers to remain agile in response to market trends and raw material price fluctuations.
The market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
AB Electrolux - The company offers major home appliances such as ovens, air purifiers, and vacuum cleaners.
The market research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The market is a significant segment of the household goods and consumer appliances industry. This market includes large home appliances such as refrigerators, freezers, dishwashers, washing machines, and air conditioners, as well as small appliances like vacuum cleaners, induction hobs, and kitchen devices. The market is witnessing double-digit growth rates due to the increasing demand for green large appliances, smart home appliances, and eco-friendly products. Refrigerators, a key product in this market, are evolving with faster cooling technology and larger capacities. Dishwashers, available in built-in, freestanding, and smart versions, are becoming increasingly popular for their efficient cleaning capabilities. Air conditioners are also gaining traction due to their energy efficiency and integration with smart home systems.
Furthermore, other major appliances include washing machines, vacuum cleaners, and cookers & ovens. Small appliances like irons, toasters, grills & roasters, hair dryers, and small kitchen appliances are also in demand. The market is shifting towards eco-friendly appliances, which offer a reduced carbon footprint and smart home integration. Overall, the German home appliance market is diverse, with a focus on innovation and sustainability.
Market Scope |
|
Report Coverage |
Details |
Page number |
146 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 4.37% |
Market growth 2024-2028 |
USD 5.41 billion |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
3.67 |
Key companies profiled |
AB Electrolux, Arcelik A.S., Dyson Group Co., Haier Smart Home Co. Ltd., Hisense International Co. Ltd., Hitachi Ltd., iRobot Corp., Koninklijke Philips N.V., LG Electronics Inc., Liebherr International Deutschland GmbH, Midea Group Co. Ltd., Miele and Cie. KG, Mitsubishi Electric Corp., Panasonic Holdings Corp., Robert Bosch GmbH, Samsung Electronics Co. Ltd., SEB Developpement SA, Siemens AG, Smeg S.p.a., and Whirlpool Corp. |
Market dynamics |
Parent market analysis, market forecast , market growth inducers and obstacles,market forecast , fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, market condition analysis for the forecast period |
Customization purview |
If our market report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
We can help! Our analysts can customize this market research report to meet your requirements Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Distribution Channel
7 Market Segmentation by Product
8 Market Segmentation by End-user
9 Customer Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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