Household expenditure on mobile phone and telephone equipment in Germany has demonstrated an upward trend from 2013 to 2023. In 2023, the expenditure stood at 7.9 billion euros. Notably, year-on-year growth rates varied with peaks in 2016 at 16.23% and lows in 2020 at -3.49%. Over the last two years, the growth rates were 5.87% in 2022 and 2.42% in 2023. The cumulative average growth rate (CAGR) over the last five years stood at 3.44%, indicating a moderate upward trajectory.
Future trends suggest continued growth with a forecasted 5-year CAGR of 1.77%, leading to a total growth rate of 9.17% by 2028. This points toward a steady but slowing increase in consumer expenditure on mobile and telephone equipment in the coming years.
Key future trends to watch for include:
- Growth in 5G adoption and associated costs
- Increasing integration of mobile devices with smart home technologies
- Potential impact of economic fluctuations on discretionary spending
- Shifts in consumer behavior towards sustainability and device longevity
- Innovations and emerging technologies in the mobile sector
