Triton
Market Research presents the Germany Refrigeration Appliances Market report segmented by Category (Electric Wine
Coolers/Chillers; Fridges; Freezers; Freestanding Refrigeration Appliances;
Built-in Refrigeration Appliances) and by Distribution Channel (Electronics and
Appliance Specialists; E-commerce; Home and Garden Specialist Retailers; Other
Distribution Channels), discussing Market
Summary (Definition, Driving Aspects, Restraining Aspects, Size & Forecast),
Industry Outlook (Market Share Analysis, Brand Share Analysis, Impact of
COVID-19, PESTLE Analysis, Value Chain Analysis, Key Buying Criteria),
Competitive Landscape, Research Methodology & Scope, and Market Analysis
(2022-2028).
Triton
Market Research’s report depicts that the Germany
Refrigeration Appliances Market is likely to advance with a CAGR of 3.52% (by revenue) in the forecast
period from 2022 to 2028. Also, as
per category, the market is anticipated
to evolve at a CAGR of 1.29% (by
volume) during this period.
The
housing and construction industry in Germany is witnessing growth. This is
expected to further supplement the demand for refrigeration appliances across
the nation, and, in turn, contribute to the studied market’s growth over the
forecasted period.
However,
manufacturers face a shortage of raw material supply due to process bottlenecks.
This is likely to hamper the country’s market growth in the forthcoming years.
The German population consists of a
large number of families, which necessitates the use of large refrigeration
appliances for food storage. Owing to the increased energy consumption by older
appliances, there is an increasing demand for replacement products. These
factors are expected to drive the growth of the refrigeration appliances market
in Germany during the forecasted period.
Liebherr
Group, BSH Hausgerate GmbH, Miele, C Bomann GmbH, and Haier Group Corporation
are some of the notable players in this market. BSH Hausgerate GmbH dominated
the German market in 2020 and 2021. Also, in 2021, Liebherr Group launched a
new range of fully integrated refrigeration appliances, incorporated with the
new HydroBreeze function. Such innovative developments are anticipated to be
especially preferred by customers.
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