The household expenditure on home hardware in Germany is estimated to rise steadily from 2024 to 2028. In 2023, the expenditure stood at €12.52 billion. From 2024, with a value of €13.06 billion, the forecasted figures show consistent growth. The year-on-year percentage increase is approximately 4.29% by 2025, 4.19% by 2026, 3.87% by 2027, and 3.73% by 2028. Over the entire forecast period (2024 to 2028), the compound annual growth rate (CAGR) is anticipated to be around 4.06%.
Future trends to watch for include:
- Technological advancements driving demand for smart home hardware.
- Increased emphasis on home improvement projects, stimulated by remote work trends.
- Potential economic factors and consumer sentiment affecting discretionary spending on home hardware.
