Department Stores Market In Germany 2024-2028
The department stores market in Germany is forecasted to grow by USD 2057.3 mn during 2023-2028, accelerating at a CAGR of 4.36% during the forecast period. The report on the department stores market in Germany provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by rapid urbanization and rising consumer spending, favorable micro-location of department stores that offer everything under one roof, and positioning of department stores as high-end stores with wide product assortments.
Technavio's department stores market in Germany is segmented as below:
By Product
- Consumer electronics and electricals
- Home furniture and furnishings
- Cosmetic and fragrance
- Others
By Type
- Up-scale department stores
- Mid-range department stores
- Discount stores
By Geographical Landscape
This study identifies the increase in demand for private-label brands as one of the prime reasons driving the department stores market in Germany growth during the next few years. Also, omnichannel capabilities to support department stores and innovative store layouts and offerings to enhance customer experience will lead to sizable demand in the market.
The report on the department stores market in Germany covers the following areas:
- Department stores market in Germany sizing
- Department stores market in Germany forecast
- Department stores market in Germany industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading department stores market in Germany vendors that include Aldi Group, ausberlin, C and A Mode GmbH and Co KG, Claims Conference, East Side Mall, elbstolz, Engelhorn, Fast Retailing Co. Ltd., Fenwick, GALERIA Karstadt Kaufhof GmbH, Harrods Ltd., Kaufhaus Ahrens GmbH and Co. KG, Ludwig Beck am Rathauseck Txtlhs FldmrAG, Manufactum GmbH, Marks and Spencer Group plc, Modehaus Garhammer GmbH, Muller Handels GmbH and Co. KG, SCHMIDT ARKADEN GmbH and Co. KG, The KaDeWe Group GmbH, and Werbeverein Schadow Arkaden eV. Also, the department stores market in Germany analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.