Germany Major Home Appliance Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

Germany Major Home Appliance Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

The German market is one of the important manufacturers of home appliances in the European market. In 2019, exports of household goods fell to 9.6 billion euros from 14.6 billion euros due to less production in the country. Germany's major home appliance market has shown slower growth in the home appliance market in the last few years because of the high penetration of appliances in the market. The volume growth is slower but the market is driven by replacement purchases. Germans prefer made in Germany brands home appliances products. They also have a high propensity for consumer appliances with fine design and high comfort.

German’s environmental conscious mindset and its commitment to saving nature and greenery are also driving the market for green large appliances sale where the products are environmental-friendly. Smart home appliances posted double-digit growth rates in 2018 for large home appliances. Large major built-in home appliances are preferred by consumers in the market. The average size of major home appliances is 37 inches or more for the appliances sold in Germany.

Key Market TrendsRise in Demand of Smart Dishwashers in Germany

Germany has one of the highest penetration of dishwashers among Scandinavian countries. The volume sale of dishwashers dominated the market. Built-in dishwashers are demanded by Germans in the market over freestanding dishwashers.

Germans prefer products of high quality. To cater to the high demand for dishwashers in the country manufacturers are likely to innovate Smart Dishwashers in Germany. The key consideration for manufacturers that consumer in the German market does not particularly care about hyper-connectivity but rather convenience.

Refrigerators Segment Dominated the Germany Major Home Appliance Market

A household refrigerator is an appliance primarily used for food storage, and for protecting the food from contamination. Refrigerators led the large appliance market in Germany. The diffusion rate of large home appliances is highest for the refrigerator among other major home appliances. There are rising sales of refrigerators in the last few years due to the replacement demand of refrigerators in the market. The number of families in Germany is very high, thus requiring refrigerators for food storage. The refrigerator segment is also arising for replacement demand due to the higher power consumption of old refrigerator appliances.

Competitive Landscape

The Germany Home appliance market is fragmented with various local and global players present in the market. Local manufacturers can gain good market share if the products are of high quality and have affordable prices. Major players in the market are BSH Hausgerate Gmbh, Procter & Gamble Germany GmbH, Philips GmbH, Whirlpool, and Electrolux AB.

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support

Companies Mentioned
 
BSH Hausgerate GMBH
Procter & Gamble Germany GmbH
Philips GmbH
Whirlpool
Electrolux AB
LG Electronics
Panasonic Corporation
Samsung Electronics
Arcelik A.S
Gorenje Group

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