Household Appliances - Germany | Statista Market Forecast (2024)

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    Market Insights Consumer

    • Germany
    • In 2024, the revenue generated by the Household Appliances market in Germany amounts to US$14.02bn.
    • It is projected to grow at an annual rate of 3.24% (CAGR 2024-2028).
    • The largest segment in this market is Major Appliances, with a market volume of US$7.61bn in 2024.
    • When compared globally, in China generates the highest revenue in the Household Appliances market, reaching US$160bn in 2024.
    • In Germany, the per household revenue in the Household Appliances market is estimated to be US$330.50 in 2024.
    • By 2024, online sales are expected to contribute 44.1% of the total market revenue.
    • The volume of the Household Appliances market is projected to reach 87.5m pieces by 2028, with a growth rate of 0.8% in 2025.
    • Additionally, the average volume per household in the Household Appliances market is expected to be 1.99pieces in 2024.
    • Germany's household appliance market is experiencing a surge in demand for energy-efficient and eco-friendly products.

    Key regions: Europe, Worldwide, United States, United Kingdom, India

    Definition: The Household Appliances market covers appliances that are usually used in private households to perform various tasks such as cleaning, washing, cooking, and refrigeration. The market is competitive, and features various prominent manufacturers including Whirlpool, Midea Group, Electrolux, and Haier Group, to name a few. Consumers electronics and appliances for professional usage are not included in this segment.

    Structure: The market is divided into two major segments:

    • Major Appliances, which includes refrigerators, freezers, dishwashing machines, washing machines, cookers, ovens, and air conditioners.
    • Small Appliances, which includes vacuum cleaners, small kitchen appliances, hair clippers, irons, toasters, grills, roasters, coffee machines, air fryers, and hair dryers.

    Additional Information: The market comprises key performance indicators such as revenues, volume, price per unit, average revenue and volume per household, sales channels, and key players. In addition, a comparable estimates box is provided, which shows the forecasted development of the selected market from different sources.

    Note that the volume sales only refer to B2C (business to consumer) sales, via both the offline and the online channel. The average revenue and volume per household are determined by dividing the revenues and volume by the number of households, where a household refers to a house and its occupants, regarded as a unit. Finally, price per unit refers to the cost of a single unit of the product.

    For more information on the displayed data, please use the info button right next to the boxes.

    in-scope

    • Major and small appliances
    • Refrigerators and freezers
    • Dishwashing machines and washing machines
    • Cookers, ovens, coffee machines and small kitchen appliances
    • Vacuum cleaners and irons
    • Air conditioners

    out-of-scope

    • Consumer electronics
    • Fans, fan heaters
    • Lamps and lights

    Household Appliances

    • Major Appliances
      • Refrigerators
      • Freezers
      • Dishwashing Machines
      • Washing Machines
      • Air Conditioners
    • Small Appliances
      • Vacuum Cleaners
      • Small Kitchen Appliances
      • Hair Clippers
      • Irons
      • Air Fryers
      • Hair Dryers
      • Coffee Machines
      • Microwave Ovens
      • Electric Kettles
      • Toasters

    Related markets:

    Alcoholic Drinks

    Non-Alcoholic Drinks

    Hot Drinks

    Food

    Tobacco Products

    Apparel

    Footwear

    Eyewear

    Accessories

    Consumer Electronics

    Furniture

    OTC Pharmaceuticals

    Luxury Goods

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    Household Appliances - Germany | Statista Market Forecast (2)

    Download PDF FAQs and more info on the methodology

    Market

    Region

    Region comparison

    Currency

    Analyst Opinion

    The transition to more innovative and energy-efficient technology for use in households is the major driving force behind the growth of the Household Appliances market. The market is propelled by two segments. On the one hand, there is the Major Appliances segment, comprising appliances such as refrigerators, cookers, and ovens, which come with a higher price tag but are replaced less often. On the other hand, there is the Small Appliances segment, which contributes the most to volume sales. Small appliances come with a shorter lifespan, and, in most cases, consumers are easily swayed, willing and happy to exchange their small appliance for a newer model.

    Methodology

    Data coverage:

    The data encompasses B2C enterprises. Figures are based on consumer spending on Household Appliances.

    Modeling approach:

    Market sizes are determined through a bottom-up approach, building on specific predefined factors for each market segment. As a basis for evaluating markets, we use annual financial reports of the market-leading companies and industry associations, trade data, national statistical office data, third-party studies and reports, survey results from our primary research (e.g., the Statista Global Consumer Survey), as well as performance factors. In addition, we use relevant key market indicators and data from country-specific associations, such as number of households, consumer spending, and price level index. This data helps us estimate the market size for each country individually.

    Forecasts:

    In our forecasts, we apply diverse forecasting techniques, such as exponential trend smoothing, for instance. The selection of forecasting techniques is based on the behavior of the relevant market.

    Additional notes:

    The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year. In some cases, the data is updated on an ad hoc basis (e.g., when new, relevant data has been released or significant changes within the market have an impact on the projected development).GCS data is reweighted for representativeness.

    Overview

    • Revenue
    • Key Players
    • Analyst Opinion
    • Sales Channels
    • Volume
    • Price
    • Global Comparison
    • Methodology
    • Key Market Indicators

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    Household Appliances - Germany | Statista Market Forecast (3)

    Household Appliances - Germany | Statista Market Forecast (4)

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    Household Appliances - Germany | Statista Market Forecast (5)

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    Household Appliances - Germany | Statista Market Forecast (6)

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    Household Appliances - Germany | Statista Market Forecast (7)

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    Director of Operations– Contact (Europe)

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    Household Appliances - Germany | Statista Market Forecast (8)

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    Household Appliances - Germany | Statista Market Forecast (2024)

    FAQs

    Household Appliances - Germany | Statista Market Forecast? ›

    In 2024, the revenue generated by the Household Appliances market in Germany amounts to US$14.02bn. It is projected to grow at an annual rate of 3.39% (CAGR 2024-2029).

    View More
    What is the outlook for the household appliance market? ›

    Household Appliances - United States

    Revenue in the Household Appliances market in the United States is projected to reach US$61.68bn in 2024. The market is anticipated to grow at an annual rate of 3.15% (CAGR 2024-2029). The largest segment in the market is Major Appliances, with a market volume of US$31.49bn in 2024.

    Explore More
    What is the future of the home appliance industry? ›

    According to the latest research, the global Home Appliances market size was valued at USD 217693.92 million in 2022 and is expected to expand at a CAGR of 4.43% during the forecast period, reaching USD 282298.16 million by 2028.

    Continue Reading
    Is the household appliances industry growing? ›

    The household appliances market in the U.S. is worth $58.33 billion as of 2023 and will explode in value by 2030 as homeowners' disposable income grows. Experts believe the compound annual growth rate (CAGR) will be 7.1%. A major factor in this exponential growth is the speedy pace of urbanization.

    Discover More Details
    What is the growth rate of household appliances? ›

    Revenue in the Household Appliances Market is projected to reach US$3.97bn in 2024. Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 12.58%, resulting in a projected market volume of US$7.18bn by 2029.

    Read The Full Story
    Are appliance prices going up or down? ›

    Navigating Increased Consumer Price Indexes

    The cost of new appliances is rising. However, the consumer price index (CPI) for major appliances is following a downward trend.

    Learn More Now
    What are the global trends in the household appliance industry? ›

    The Global Household Appliances Market was valued at USD 673.2 Billion in 2024 and is expected to reach USD 1115.4 Billion by 2033, at a CAGR of 5.5% during the forecast period 2024 – 2033.

    Discover More Details
    What is the appliance industry forecast for 2024? ›

    In 2024, the revenue in the Household Appliances market in North America amounts to US$83.94bn. This market is projected to grow annually by 3.32% (CAGR 2024-2029). The largest segment in this market is Major Appliances, which has a market volume of US$44.70bn in 2024.

    Discover More Details
    Who is the largest appliance manufacturer in the world? ›

    In 2023, six household appliances manufacturers worldwide surpassed 10 billion U.S. dollars in revenue with Haier Smart Home leading the ranking with around 35 billion U.S. dollars. The other companies with annual revenues north of 10 billion U.S. dollars are LG, Whirlpool, Midea, BSH Home Appliances, and Electrolux.

    Know More
    Is the appliance shortage over? ›

    Surprisingly enough, there is still an ongoing shortage of select new home appliances available in stores.

    Learn More Now

    Who is the target audience for home appliances? ›

    Target Audience and Consumer Behavior

    Identifying the target audience and understanding their behavior is crucial for businesses. The target audience for home appliances includes households, offices, and commercial establishments.

    Discover More Details
    What is the new technology in home appliances? ›

    Artificial Intelligence: AI technology will become standard in future appliances to learn user preferences and change their settings accordingly.

    Know More
    Is the household appliance industry an oligopoly? ›

    Answer and Explanation:

    The automobile, household appliance, and automobile tire industries are all illustrations of differentiated oligopoly. Differentiated oligopoly refers to an industry that is characterized by few large companies that produce similar but not identical products.

    Get More Info Here
    What is the outlook for the appliance industry? ›

    US Major Home Appliances Market Analysis

    The United States Major Home Appliances Market size is estimated at USD 33.44 billion in 2024, and is expected to reach USD 38.64 billion by 2029, growing at a CAGR of 2.93% during the forecast period (2024-2029).

    Get More Info Here
    Are appliances a good investment? ›

    The national average return on investment (ROI) on appliances is 60% to 80%. Generally, it makes sense to replace an appliance when the cost of repairing the existing appliance exceeds 50% of the cost of a new model.

    View Details
    Why are so many appliances out of stock? ›

    Appliances are in High Demand

    Unfortunately, that heightened demand came at a time when manufacturing around the globe was suffering tremendously. As a result of pandemic-caused factory shutdowns, manufacturers were unable to meet demand, creating a backlog the appliance industry has yet to recover fully from.

    Tell Me More
    Why are appliances so poorly made now? ›

    Cost-cutting Measures. To reduce production costs, manufacturers often outsource the manufacturing of individual components to low-cost third-party suppliers. However, this outsourcing practice can result in poor quality control and the use of cheaper materials.

    Show Me More
    What is the expected life of home appliances? ›

    Still, appliances are often replaced long before they are worn out because changes in styling, technology and consumer preferences make newer products more desirable. Of the major appliances in a home, gas ranges have the longest life expectancy: 15 years. Dryers and refrigerators last about 13 years.

    Show Me More

    References

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