Germany Refrigeration Appliances Market to Gain $6194.63 Million by 2028

As per Triton Market Research's report, the Germany refrigeration appliances market garnered $4998.62 million in 2021. It is anticipated to record a CAGR of 3.52% during 2022-2028.

A recent study by Triton Market Research titled 'Germany Refrigeration Appliances Market,' includes Market Analysis and Forecast by Distribution Channel (Electronics and Appliance Specialists; Home and Garden Specialist Retailers; E-commerce; Other Distribution Channels) and by Category (Fridges; Electric Wine Coolers/Chillers; Freestanding Refrigeration Appliances; Freezers; Built-in Refrigeration Appliances).

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Triton's research report indicates that the Germany refrigeration appliances market would develop at a CAGR of 3.52% (by revenue) in the forecast years from 2022 to 2028, gaining $6194.63 million by 2028. Also, the market (in terms of category) is estimated to grow at a CAGR of 1.29% (by volume) during this period, reaching 7676.59 thousand units by 2028.

There is a growing consumer inclination towards built-in refrigeration appliances in Germany, especially for new homes. The growth in construction activity is expected to further support their demand. Also, the increase in smart homes and the rise in the use of smart home applications are expected to significantly impact how consumers select refrigeration products in the future.

However, problems encountered by manufacturers in obtaining the necessary raw material and equipment due to supply chain bottlenecks are expected to negatively impact market growth.

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Germany's refrigeration appliance market is segmented based on category and distribution channel. The distribution channel segment is further divided into merchants that specialize in home and garden products, e-commerce, electronics and appliance experts, and other distribution channels. On the other hand, the category segment is further divided into freezers, built-in refrigeration appliances, freestanding refrigeration appliances, electric wine coolers/chillers, and refrigerators.

Due to their improved affordability, Germany's dual-income family rate has increased, which has raised demand for a variety of refrigeration appliances. The need for convenience, space constraints with older appliances, and rising per capita income are all contributing to the increased demand for high-end, high-quality products. In the near future, this is anticipated to have a beneficial impact on the growth of the studied market in Germany.

The key players in the German refrigeration appliances market include BSH Hausgerate GmbH, Haier Group Corporation, Miele, Liebherr Group, and C Bomann GmbH.

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Question & Answer: Germany Refrigeration Appliances Market

Question 1: What factors are expected to drive the refrigeration appliances market growth in Germany?
Answer: There is a growing consumer inclination towards built-in refrigeration appliances in Germany, especially for new homes. The growth in construction activity is expected to further support their demand. Also, the increase in smart homes and the rise in the use of smart home applications are expected to significantly impact how consumers select refrigeration products in the future.

Question 2: Which factor can negatively impact the market's growth?
Answer: The problems encountered by manufacturers in obtaining the necessary raw material and equipment due to supply chain bottlenecks are expected to negatively impact market growth.

Question 3: What are the future prospects for the refrigeration appliances market in Germany?
Answer: In Germany, the percentage of dual-income families has increased, consequently raising the demand for various refrigeration appliances due to enhanced affordability. There is an increasing demand for premium and high-quality products, which is being driven by the growing per capita income, space limitations of older appliances, and the need for convenience. This is expected to positively influence the studied market's growth in Germany in the near future.

Question 4: Which are the key players in the German refrigeration appliances market?
Answer: The key players in the German refrigeration appliances market include BSH Hausgerate GmbH, Haier Group Corporation, Miele, Liebherr Group, and C Bomann GmbH.

Related Report:

Europe Portable Air Purifier Market-
https://www.tritonmarketresearch.com/reports/europe-portable-air-purifier-market

As per Triton's report, the portable air purifier market in Europe is evaluated to garner a CAGR of 8.71% during the forecast years of 2019-2028, gaining $3346 million by 2028.

The level of air pollution, especially due to NO2 emissions resulting from traffic, exceeded EU limit values in 57 German cities in 2018, as stated by the Federal Environment Agency (UBA). Several cities thus had to implement diesel bans on certain roads after a court ruling that necessitated bringing down pollution levels.

However, banning vehicles (largely diesel-run) may not immediately improve air quality, and may take time to make a significant impact with respect to addressing the issue of air quality. The immediate solution for better indoor air quality is portable air purifiers. Hence, their demand is likely to grow, supported mainly by rising public awareness. The increased demand would drive the portable air purifier market growth in Germany.

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