The retail sale of electrical household appliances, furniture, lighting equipment, and other household articles in specialized stores in Germany is projected to steadily rise from 19.76 billion euros in 2024 to 21.44 billion euros in 2028. This indicates a moderate but consistent growth in the sector with year-on-year variations gradually increasing. Specifically, the sector is set to experience a compound annual growth rate (CAGR) of approximately 2% over the forecast period. It is important to note that the market value stood slightly below 19 billion euros in 2023, highlighting continued expansion.
Future trends to watch for include:
- Increased market demand for smart and energy-efficient appliances.
- A growing trend towards sustainable and eco-friendly furniture options.
- Diversification of retail channels, with a stronger emphasis on online sales.
- Technological advancements driving product innovation and consumer adoption.
