| Study Period | 2020 - 2030 |
| Base Year For Estimation | 2024 |
| Forecast Data Period | 2025 - 2030 |
| Historical Data Period | 2020 - 2023 |
| CAGR | 2.64 % |
| Market Concentration | Medium |
Major Players.webp "Germany Home Appliances Market Major Players")
*Disclaimer: Major Players sorted in no particular order |
Germany Home Appliances Market Analysis
The Germany Home Appliances Market is expected to register a CAGR of 2.64% during the forecast period.
In most European countries, the products which are manufactured by a local vendor have comparatively good preference than that of the others which clearly signifies their preference to encourage their own domestic market. Local manufacturers can never get a good market share unless the products are qualitative are have affordable prices. This, in short, can be explained as the Germans prefer to use products that have features like flexibility, multi-utilization/ multi-functional features, convenience to use, eco-friendly, less energy-utilization and are of low/reasonable cost. E-commerce also has a greater scope in Germany but only when they assure German's personal/banking data is protected and not subjective to openness at any of the digital or any other platforms.
As the COVID-19 crisis hit Germany, health and hygiene became hot topics, leading consumers to stockpile products. With the increased time spent at home, sales of various products associated with the home also went up, such as dishwashing products, with projected value growth within 7-9%, due to consumers cooking more meals at home as the result of closure of various consumer foodservice outlets for almost two months and more cautious perception of eating out even when outlets reopened.
Stable growth is anticipated in the major product segment in Germany. Factors such as changing lifestyle, increasing purchasing power, and migration of rural people to urban areas are responsible for the market growth. Demand for household appliances depends on remodeling and renovation of homes, consumer income, and changing the appliance, due to breakdown. The major domestic household appliances market is anticipated to increase rapidly during the forecast period.
Germany Home Appliances Market Trends
Rising Electricity Costs And Increasing Technological Advancements is Driving the Demand for Energy-Efficient Home Appliances
Consumers in the home are extremely concerned about the rising expense of electricity bills. An extensive quantity of electricity is used by equipment like air conditioners, refrigerators, water heaters, lighting fixtures, as well as home entertainment systems. The homes are turning to energy-saving measures as a result of these higher expenditures. Smart home appliances that can communicate with each other have become an excellent option in such a situation. As a result, households are implementing smart home gadgets to reduce energy expenditures. Wireless communication technology developments would enable remote control of residential equipment.
Understand The Key Trends Shaping This Market
Download PDF
Growing Popularity Of Smart Home Appliances is Driving the Growth of the Market
The growing popularity of smart home appliances is a major trend in the market. Smart home appliances are devices that are connected to other devices via the internet, and other technologies such as Bluetooth, near-field communication (NFC), and Wi-Fi. The increased popularity of smart appliances can be attributed to the increased demand for smart homes, the rise in internet and smartphone penetration, and energy efficiency initiatives. The rise of the Internet of Things (IoT) technology also supports the development of smart appliances. Smart appliances are generally more energy-efficient than their traditional counterparts.
According to a survey conducted by the German industry group Bitkom, 41% of all Germans had at least one smart home device installed in 2021.
Get Analysis on Important Geographic Markets
Download PDF
Germany Home Appliances Industry Overview
The report covers major international players operating in the German home appliances market. Innovation in the product is driving growth for the majority of top players. The Germany Home appliance market is fragmented with various local and global players present in the market. Local manufacturers can gain a good market share if the products are of high quality and have affordable prices. The country holds less scope for newcomers to enter. However, by providing higher qualitative appliances the new players can target the market. It has major players Panasonic Corporation, LG Electronics, Electrolux AB, Samsung Electronics, and Whirlpool Corporation.
Germany Home Appliances Market Leaders
-
Panasonic Corporation
-
LG Electronics
-
Electrolux AB
-
Samsung Electronics
-
Whirlpool Corporation
- *Disclaimer: Major Players sorted in no particular order
Need More Details on Market Players and Competitors?
Download PDF
Germany Home Appliances Market News
Apr-2022: Samsung partnered with ABB Group, a leader in power and automation solutions. This partnership aimed to expedite the integration of SmartThings into more buildings and homes. Additionally, this partnership would allow users to lower costs and create a more positive environmental impact.
Mar-2022: LG came into a partnership with Amwell, a leading telehealth company. Through this partnership, LG aimed to integrate its wide innovation portfolio into the deep digital health care experience of Amwell in order to develop device-based service solutions to increase its customer's access to care.
Germany Home Appliances Industry Segmentation
A complete background analysis of the Germany Home Appliances Industry, which includes an assessment of the industry associations, overall economy, emerging market trends by segments, significant changes in the market dynamics, and market overview is covered in the report. The market is segmented by Major Appliances (Refrigerators, Freezers, Dishwashing Machines, Washing Machines, and Cookers & Ovens), Small Appliances (Vacuum Cleaners, Small Kitchen Appliances, Hair Clippers, Irons, Toasters, Grills & Roasters, and Hair Dryers), Distribution Channel (Supermarkets & Hypermarkets, Specialty Stores, E-Commerce and Others). The report offers market size and forecasts for Germany Home Appliances Market in value (USD Million) for all the above segments.
| Major Appliances | Refrigerators |
| Freezers | |
| Dishwashing Machines | |
| Washing Machines | |
| Cookers & Ovens | |
| Small Appliances | Vacuum Cleaners |
| Small Kitchen Appliances | |
| Hair Clippers | |
| Irons | |
| Toasters | |
| Grills & Roasters | |
| Hair Dryers | |
| Others | |
| Distribution Channel | Supermarkets & Hypermarkets |
| Specialty Stores | |
| E-Commerce | |
| Others |
Need A Different Region or Segment?
Customize Now
Germany Home Appliances Market Research FAQs
What is the current Germany Home Appliances Market size?
The Germany Home Appliances Market is projected to register a CAGR of 2.64% during the forecast period (2025-2030)
Who are the key players in Germany Home Appliances Market?
Panasonic Corporation, LG Electronics, Electrolux AB, Samsung Electronics and Whirlpool Corporation are the major companies operating in the Germany Home Appliances Market.
What years does this Germany Home Appliances Market cover?
The report covers the Germany Home Appliances Market historical market size for years: 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Germany Home Appliances Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.
Our Best Selling Reports
Germany Home Appliances Industry Report
Statistics for the 2025 Germany Home Appliances market share, size and revenue growth rate, created by Mordor Intelligenceā¢ Industry Reports. Germany Home Appliances analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.
