Germany Consumer Appliances Market Size Report By Product Type (Major domestic and Minor domestic appliances), by Distribution Channels And Segment Forecasts, 2018 - 2025Report

Germany Consumer Appliances Market Size Report By Product Type (Major domestic and Minor domestic appliances), by Distribution Channels And Segment Forecasts, 2018 - 2025

  • Published Date: Jan, 2018
  • Base Year for Estimate: 2016
  • Report ID: GVR-2-68038-080-4
  • Format: Electronic (PDF)
  • Historical Data: 2014 - 2016
  • Number of Pages: 56

Industry Insights

The Germany consumer appliances market size was estimated at USD 18.5 billion in 2016. This market is broadly classified into two categories, brown goods and white goods. This report covers the household appliances market in Germany which includes the white goods as well. The household products have been classified into two classes, Major household appliances and the minor household appliances. The market has witnessed growth in the major household appliances sector prominently.

The companies in Germany household appliances market manufacture both large and small products. The large ones include products like stoves, ovens and refrigerators, whereas the small products, include humidifiers, toaster, juicers and vacuum cleaners to name a few.

Germany consumer appliances market

The independent companies playing in this market generate their revenue based upon highly effective advertising strategies and stream lined operations. The already established distribution channels such as large retailers have an edge over the new comers in the distribution network related to this market.

The big retailers are able to bargain with manufacturing companies for bulk purchases, offers and discounts, whereas the big household appliances manufacturing companies have advantages as far as the production, operation, marketing, and distribution of products/ is concerned.

The major companies in the household appliances market are Whirlpool, BSH Bosch GmbH, Electrolux Group, GE appliances, Haier group, Samsung, Gorenje group, Arcelik A.S., Panasonic corporation and LG Electronics.

Product Insights

In the consumer household appliances market, on the basis of product type there are two categories, minor and major household appliances contributed to more than 80% of Germany’s market revenue.

Major appliances frequently require a huge amount of electricity in order to function and are assigned a specific place or location in the household. The most prominent products in the major domestic household appliance industry are refrigerators, freezers, washing machines, air conditioners and dryers to name a few. These products are also known as white goods.

Germany consumer appliances market

Major household devices have high demand in the market. Now with the increasing demand for major appliances, there is a growing demand for smart products coming to the picture as well. The consumers have now started utilizing modern and technically advanced devices due to the associated convenience and time saving.

There is a steady growth predicted in this segment for Germany. The factors responsible for this growth could be due to the improving lifestyles of consumers, improvement in the purchasing power and migration of rural population to the urban areas.

The demand for major household appliances is highly dependent on income of the consumer, home renovation and remodeling, and replacement of an appliance due to its malfunction or failure. In the coming years the market for major domestic household products is expected to escalate quickly.

Distribution Channel Insights

Due to the Eurozone crisis, the European countries had been affected economically and commercially. The countries which were affected the most were Portugal and Greece but now those regions are recovering. This impacted the overall European market and the European countries in many ways.

Germany on the other hand due to its high percentage of exports in the foreign lands did not suffer that much, the demand for technologically advanced, smart and energy-efficient appliances in the region is increasing day by day.

The distribution channels for consumer appliances in the reigion are highly fragmented. The distribution channels for these products in Germany constitute of larger diversified retailers, such as Aldi, Tesco, who wish to diversify into the household appliances market. These retailers benefit from scale economies which provide them with greater bargaining power against suppliers. As a result they are able to be more competitive with price.

In Germany, there is a greater degree of concentration as large retailers like Metro (Media Markt and Saturn) hold large market shares, thus acting as a greater deterrent to new entrants. E- commerce is booming in the German market with Amazon andn Otto being the top e-retailer in the market space.

E-retailers are followed by departmental stores which is the second highest growing distribution channel in Germany. The German population has demonstrtated an inclination towards retail offers and discounts along with high number of secured e-payment options. Thus, the German e-retail and departmental stores are expected to witness high growth rates during the forecast years.

Regional Insights

The household appliances market in Germany is extremely competitive and fragmented due to the presence of both multinational and local players across the country. Furthermore, with the rising competition, vendors have been compelled to introduce innovative products to meet the changing consumer demands and increase their customer base.

The level of competition is expected to intensify during the forecast period with the entry of several new players, price wars, and mergers and acquisitions.

After the 2009 recession and the Eurozone crisis, the European economy was shattered. Germany still remained bit unaffected from that. Thus, Germany is considered as one of the most powerful economies in the world.

 The region offers a large number of alternatives to the clients and this is driving the segment growth along with improving economic scenario. Thus, the German economy is expected to witness robust growth over the forecast period.

Germany Consumer Appliances Market Share Insights

Amongst large players and new entrants, the large companies have an upper hand in the consumer household appliances market due to economies of scale in production, marketing, and distribution.

The profitability of these individual companies also depends on their ability to generate store traffic, repeat business, as well as effective merchandising. 

Few prominent Industry players include LG group, Whirlpool Corporation, Samsung, Panasonic corporation, Electrolux, Siemens AG, Gorenje group, Arcelik A.S. and Walton Group, etc. Due to the increasing demand for energy-efficient products, these industry participants are actively developing devices with features such as portable connectivity, connectivity with electronic devices and temperature detection. All these innovations are responsible for the growth of this market.

Report Scope

Attribute

Details

Base year for estimation

2016

Actual estimates/Historical data

2014 - 2016

Forecast period

2017 - 2025

Market representation

Revenue in USD Million and CAGR from 2017 to 2025

Country scope

Germany

Report coverage

Revenue forecast, company share, competitive landscape, growth factors and trends

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Segments covered in the report

This report forecasts revenue growth at country level and provides an analysis on the industry trends in each of the sub-segments from 2014 to 2025. For this study, Grand View Research has segmented the Germany consumer appliances market report based on product type and distribution channels.

  • Product Type Outlook (Revenue, USD billion, 2014 - 2025)

    • Major Domestic Appliances

    • Minor Domestic Appliances

  • Distribution Channels Outlook (Revenue, USD billion, 2014 - 2025)

    • E-retailers

    • Discount, variety stores and general merchandisers

    • Hypermarket, supermarket and discounters

    • Department stores

    • Other

Key questions answered by the report
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