In 2023, German household expenditure on home goods stood at 135.05 billion Euros. The forecast from 2024 to 2028 indicates a consistent upward trend. Over this period, expenditure is expected to rise from 139.47 billion Euros in 2024 to 157.74 billion Euros in 2028. This represents average annual growth of 3.09%.
Future trends to watch for include:
- Technological advancements in home goods boosting demand.
- Increasing environmental awareness and sustainability concerns influencing purchasing decisions.
- Economic factors, including inflation and consumer confidence impacting expenditure.