From 2013 to 2023, household expenditure on household appliances in Germany grew from €13.11 billion to €16.59 billion, demonstrating a general upward trend with some fluctuations. In 2013, the expenditure decreased by 1.67%, but it rebounded by 3.75% in 2014. Subsequent years saw varied growth, with significant increases such as a 10.44% rise in 2016 but minor decreases like the -0.93% dip in 2015. Over the past two years (2021-2023), expenditure increased consistently by 3.63% and 1.16%, indicating stable growth. The Compound Annual Growth Rate (CAGR) for the past five years stood at 2.3%.
From 2024 onwards, forecasted data predict a steady rise in expenditure, reaching €18.2 billion by 2028. The forecasted 5-year CAGR is predicted to be 1.47%, with a total growth rate of 7.55% over this period. It can provide a reliable expectation for continuous, albeit slightly slower, growth in household appliance expenditure.
Future trends to watch for include the impact of technological advancements, increasing energy efficiency standards, and changes in consumer preferences toward smart and eco-friendly appliances. Additionally, economic factors such as inflation and household disposable income will also play critical roles in shaping expenditure patterns.
