Press release
Germany Refrigeration Appliances Market Outlook for 2022-2028
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.
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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.
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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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