Market by Category and Distribution Channel | Forecast 2022-2028
The Germany refrigeration appliances market is anticipated to grow at a CAGR of 3.52% (in terms of revenue) during the forecast period 2022-2028. It was valued at $4998.62 million in 2021 and is expected to rise to a revenue of about $6194.63 million by 2028.
In terms of volume, the
Germany refrigeration appliances market by
category is anticipated to rise with a CAGR
of 1.29% during the forecast period 2022-2028.
The market totaled 7203.30 thousand
units in 2021 and is expected to reach 7676.59
thousand units by 2028.
Refrigeration appliances are cooling systems or equipment that are used
for freezing or chilling, usually for preservation purposes. Due to the cold
temperature ensured by these appliances, food stays fresher for a long time.
The major aim of refrigeration is to limit the activity of germs present in the
food that need to be controlled in order to prevent food spoilage.
Some of the key factors driving the Germany
refrigeration appliances market include demand for larger capacity
refrigeration appliances by consumers, smart tipping point approaches, and a
growing housing market. Since
the pandemic-induced home seclusion, German consumers have demonstrated a
greater preference for larger-capacity refrigeration appliances. This trend is
expected to intensify in the near future as both fridge freezers and fridges
with capacities of >595 liters (>21 cu. ft.) gain additional share and
register dynamic growth rates.
Also, German consumers are becoming increasingly fond of side-by-side
refrigerators with dispensers and multi-door fridge freezers (especially
4-door+ combos), which offer more capacity and use as they combine a
refrigerator and a freezer. As appliances continue to transition toward being
linked, this combination has become more important. This is likely to have a
positive impact on the growth of the refrigeration appliances market across
Germany during the forecast period.
However, German manufacturing continues to
suffer from material shortages, which is likely to hamper the market growth
over the forecast period. For
manufacturers, obtaining raw materials and intermediate goods continues to be a
major issue. According to a survey by the IFO Institute, in July 2022, 73.3% of
companies mentioned facing bottlenecks in the process.
The key sectors of the German industry continue to be in a dire state.
Around 90% of businesses in the machinery and equipment manufacturing sector of
the electrical and electronics industry report not receiving all the raw
materials and intermediate products required. Hence, this may hamper the market
growth during the forecast period.
Triton Market Research’s report provides in-depth insight into Germany’s
refrigeration appliances market, along with segmentation analysis. The detailed
analysis of the market includes PESTLE analysis, competitive landscape, key
buying criteria, market share analysis, brand share analysis, and value chain
analysis. The segmentation analysis of the Germany refrigeration appliances
market includes the market by category and distribution channel.
The key players in the German refrigeration
appliances market are BSH Hausgerate GmbH, Liebherr Group, Miele, Haier Group
Corporation, and C Bomann GmbH.
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VIEW REPORT1. GERMANY
REFRIGERATION APPLIANCES MARKET – SUMMARY
1.1. MARKET
DEFINITION
1.2. MARKET
SIZE & FORECASTS
1.3. MARKET
DRIVING ASPECTS
1.4. MARKET
RESTRAINING ASPECTS
1.5. KEY
PLAYERS
2. GERMANY
REFRIGERATION APPLIANCES INDUSTRY OUTLOOK
2.1. IMPACT
OF COVID-19 ON THE GERMANY REFRIGERATION APPLIANCES MARKET
2.2. MARKET
SHARE ANALYSIS
2.3. BRAND
SHARE ANALYSIS
2.4. PESTLE
ANALYSIS
2.5. KEY
BUYING CRITERIA
2.6. VALUE
CHAIN ANALYSIS FOR THE REFRIGERATION APPLIANCES MARKET
3. GERMANY
REFRIGERATION APPLIANCES MARKET – BY CATEGORY (VALUE IN $ MILLION & VOLUME IN THOUSAND UNITS)
3.1. BUILT-IN
REFRIGERATION APPLIANCES
3.2. FREESTANDING
REFRIGERATION APPLIANCES
3.3. ELECTRIC
WINE COOLERS/CHILLERS
3.4. FREEZERS
3.5. FRIDGES
4. GERMANY
REFRIGERATION APPLIANCES MARKET – BY DISTRIBUTION CHANNEL (VALUE IN $ MILLION)
4.1. ELECTRONICS
AND APPLIANCE SPECIALISTS
4.2. HOME
AND GARDEN SPECIALIST RETAILERS
4.3. E-COMMERCE
4.4. OTHER
DISTRIBUTION CHANNELS
5. COMPETITIVE
LANDSCAPE
5.1. BSH
HAUSGERATE GMBH
5.2. LIEBHERR
GROUP
5.3. MIELE
5.4. HAIER
GROUP CORPORATION
5.5. C
BOMANN GMBH
6. METHODOLOGY
& SCOPE
6.1. RESEARCH
SCOPE & DELIVERABLES
6.2. SOURCES
OF DATA
6.3. RESEARCH
METHODOLOGY
TABLE
1: GERMANY REFRIGERATION APPLIANCES MARKET 2022-2028 (IN $ MILLION)
TABLE
2: REFRIGERATION APPLIANCES MARKET, MARKET SHARE ANALYSIS, 2020 & 2021 (IN
%)
TABLE
3: GERMANY – COUNTRY SNAPSHOT
TABLE
4: GERMANY REFRIGERATION APPLIANCES MARKET, BY CATEGORY, 2022-2028 (IN $
MILLION)
TABLE
5: GERMANY REFRIGERATION APPLIANCES MARKET, BY CATEGORY, 2022-2028 (IN THOUSAND
UNITS)
TABLE
6: GERMANY REFRIGERATION APPLIANCES MARKET, BY DISTRIBUTION CHANNEL, 2022-2028
(IN $ MILLION)
FIGURE
1: REFRIGERATION APPLIANCES MARKET, BRAND SHARE ANALYSIS, 2020 & 2021 (IN
%)
FIGURE
2: KEY BUYING CRITERIA
FIGURE
3: VALUE CHAIN ANALYSIS FOR THE REFRIGERATION APPLIANCES MARKET
FIGURE
4: GERMANY REFRIGERATION APPLIANCES MARKET, BY CATEGORY, 2021 & 2028 (IN %)
FIGURE
5: GERMANY REFRIGERATION APPLIANCES MARKET, BY BUILT-IN REFRIGERATION
APPLIANCES, 2022-2028 (IN $ MILLION)
FIGURE
6: GERMANY REFRIGERATION APPLIANCES MARKET, BY BUILT-IN REFRIGERATION
APPLIANCES, 2022-2028 (IN THOUSAND UNITS)
FIGURE
7: GERMANY REFRIGERATION APPLIANCES MARKET, BY FREESTANDING REFRIGERATION
APPLIANCES, 2022-2028 (IN $ MILLION)
FIGURE
8: GERMANY REFRIGERATION APPLIANCES MARKET, BY FREESTANDING REFRIGERATION
APPLIANCES, 2022-2028 (IN THOUSAND UNITS)
FIGURE
9: GERMANY REFRIGERATION APPLIANCES MARKET, BY ELECTRIC WINE COOLERS/CHILLERS,
2022-2028 (IN $ MILLION)
FIGURE
10: GERMANY REFRIGERATION APPLIANCES MARKET, BY ELECTRIC WINE COOLERS/CHILLERS,
2022-2028 (IN THOUSAND UNITS)
FIGURE
11: GERMANY REFRIGERATION APPLIANCES MARKET, BY FREEZERS, 2022-2028 (IN $
MILLION)
FIGURE
12: GERMANY REFRIGERATION APPLIANCES MARKET, BY FREEZERS, 2022-2028 (IN THOUSAND
UNITS)
FIGURE
13: GERMANY REFRIGERATION APPLIANCES MARKET, BY FRIDGES, 2022-2028 (IN $
MILLION)
FIGURE
14: GERMANY REFRIGERATION APPLIANCES MARKET, BY FRIDGES, 2022-2028 (IN THOUSAND
UNITS)
FIGURE
15: GERMANY REFRIGERATION APPLIANCES MARKET, BY DISTRIBUTION CHANNEL, 2021
& 2028 (IN %)
FIGURE
16: GERMANY REFRIGERATION APPLIANCES MARKET, BY ELECTRONICS AND APPLIANCE
SPECIALISTS, 2022-2028 (IN $ MILLION)
FIGURE
17: GERMANY REFRIGERATION APPLIANCES MARKET, BY HOME AND GARDEN SPECIALIST
RETAILERS, 2022-2028 (IN $ MILLION)
FIGURE
18: GERMANY REFRIGERATION APPLIANCES MARKET, BY E-COMMERCE, 2022-2028 (IN $
MILLION)
FIGURE
19: GERMANY REFRIGERATION APPLIANCES MARKET, BY OTHER DISTRIBUTION CHANNELS,
2022-2028 (IN $ MILLION)