The electric domestic appliances market in Germany has shown consistent growth from 2013 to 2023, increasing from €11.5 billion in 2013 to €22.27 billion in 2023. The period from 2013 to 2019 experienced steady growth with annual year-on-year variations ranging between 3.87% and 10.01%. The market saw a substantial spike in 2020 with a 21.36% increase, largely driven by lifestyle changes due to the pandemic. Growth remained stable in the following years with a 5.83% increase noted in 2023. The Compound Annual Growth Rate (CAGR) over the last five years, up to 2023, was 7.35%. Forecasts predict continued growth, reaching €27.89 billion by 2028 with a 5-year CAGR of 3.52%.
Future trends to watch for include sustained consumer interest in smart and energy-efficient appliances, the impact of economic conditions on spending, and potential regulatory changes promoting environmental sustainability.
