Major Home Appliance Market In Germany 2024-2028
The major home appliance market in Germany is forecasted to grow by USD 5.41 bn during 2023-2028, accelerating at a CAGR of 4.37% during the forecast period. The report on the major home appliance 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 an increasing focus on health and hygiene spurring the use of major home appliances, urbanization, and housing development projects in Germany, and changing consumer lifestyles and preferences in Germany.
Technavio's major home appliance market in Germany is segmented as below:
By Distribution Channel
By Product
- Refrigerators and freezers
- Washing and drying appliances
- Heating and cooling appliances
- Cooking appliances
By End-user
This study identifies the smart and connected home appliances gaining traction as one of the prime reasons driving the major home appliance market in Germany growth during the next few years. Also, increased online purchases of major home appliances and the rise of multi-functional home appliances will lead to sizable demand in the market.
The report on the major home appliance market in Germany covers the following areas:
- Major home appliance market in Germany sizing
- Major home appliance market in Germany forecast
- Major home appliance 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 major home appliance market in Germany vendors that include 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.. Also, the major home appliance 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 way of study, synthesis, and summation of data from multiple sources through 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 accurate market growth.