Consumer electronics in 2024: The big picture
In 2024, overall consumer electronics in Germany is set to see only minimal growth, which can be attributed to the uncertainty plaguing German consumers due to economic developments, such as increased energy costs. Although the economic situation has improved from 2023, it is still insecure, and thus the general consumer tendency to delay purchases has persisted.
2024 key trends
The main trend affecting consumer behaviour in 2024 is economic uncertainty, which is compelling consumers to save money wherever they can. Therefore, on the one hand, they are looking for the cheapest products that are enough to fulfil their needs, which is why they may choose a slightly lower-priced item over one that has extra features, but is more expensive – in the case that they deem those extra features irrelevant.
Competitive landscape
With a general reluctance amongst consumers in Germany to purchase consumer electronics, the competition has increased, as sales have to be won from other players, rather than by winning over new consumers. Overall, Apple GmbH is set to maintain the top position in overall consumer electronics in retail volume terms in 2024, as it is expected to manage to increase its sales in a wide range of product categories, at the expense of its rival Samsung.
Retailing developments
In 2024, the retail landscape in consumer electronics in Germany is being shaped by two main trends that explain developments in most categories. These are the insecure economic situation, and increasing energy prices, which are driving consumers to save money and limit their purchases to what they deem necessary; this means that purchases are mainly being driven by product replacements.
What next for consumer electronics?
In the forecast period, it is expected that the economic situation in the country will recover as circumstances stabilise and inflation decreases. This will slowly but steadily reduce the fear of purchasing consumer electronics amongst consumers in Germany.
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Overview:
Understand the latest market trends and future growth opportunities for the Consumer Electronics industry in Germany with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
Data and analysis in this report provides further detailed coverage dedicated to the following key categories, where applicable:
- Computers and Peripherals
- In-Car Entertainment
- Home Audio and Cinema
- Home Video
- Imaging Devices
- Mobile Phones
- Portable Players
- Wearable Electronics
If you're in the Consumer Electronics industry in Germany, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
The Consumer Electronics in Germany report includes:
- Analysis of key supply-side and demand trends
- Detailed segmentation of international and local products
- Historic volume and value sizes, company and brand market shares
- Five year forecasts of market trends and market growth
- Robust and transparent research methodology, conducted in-country
This report answers:
- What is the market size of Consumer Electronics in Germany?
- Which are the leading brands in Germany?
- How are products distributed in Germany?
- How is the rise of e-commerce changing the retail landscape?
- How has COVID-19 and accordant macroeconomic and retail disruption impacted consumer demand?
- How are considerations such as urban development and the rise in single-person households driving sales growth?
- Where is technology taking the market? Which products are pioneering growth? Which face obsolescence?
- Where is future growth expected to be most dynamic?
Consumer Electronics in Germany
Consumer electronics in 2024: The big picture
2024 key trends
Competitive landscape
Retailing developments
What next for consumer electronics?
DISCLAIMER
Computers and Peripherals in Germany
KEY DATA FINDINGS
Computers and peripherals continues to decline in 2024
Monitors is the only category to see growth, due to the gaming trend, and desktops sees the worst performance, due to preference for laptops
Consumers gravitate towards appliances and electronics specialists to buy their computers and peripherals
Renewal cycle and substitutions set to increase sales of laptops, while desktops and monitors will decrease in the forecast period
Digital transformation will lead to decreasing sales, and sustainability concerns will drive innovations in printers
Sales of tablets might be affected by the “Digitalpakt” policy of the German government
In-Car Entertainment in Germany
KEY DATA FINDINGS
In-car entertainment declines due to substitution with alternatives
TomTom and Garmin are leaving the market
Appliances and electronics specialists remains the key retail channel
In-car entertainment likely to become a niche category
Bicycles a possible alternative to generate sales for navigation devices
VR has the potential to revive in-car entertainment in the long term
Home Audio and Cinema in Germany
KEY DATA FINDINGS
Home audio and cinema declines, due to substitution by alternative products
Home audio and cinema experiences consolidation
Appliances and electronics specialists remains the most important distribution channel, with retail e-commerce growing
Substitution by wireless speakers likely to continue in the forecast period
Value could be generated by focusing on niche consumer groups
Smart home might open up doors for home audio and cinema
Home Video in Germany
KEY DATA FINDINGS
Home video sees a marginal increase in 2024 due to sports events
LCD TVs are being replaced by OLED TVs
Televisions are still predominantly purchased in stores
Sales of televisions set to decline again after the boom
Gaming trend also set to impact televisions
Video players are slowly approaching their end
Headphones in Germany
KEY DATA FINDINGS
Sales of headphones increase, driven by the premium segment
Apple’s AirPods continue to dominate TWS earbuds in the German market
Appliances and electronics specialists remains the dominant retail channel
Innovations in TWS earbuds in terms of gesture recognition and others
Open-ear headphones expected to continue their growth in the forecast period
Fairbuds has the potential to completely change the headphones category
Imaging Devices in Germany
KEY DATA FINDINGS
Declining sales of imaging devices due to substitution by smartphone cameras
Mirrorless cameras and cameras integrating camcorder features drive the competitive landscape
Retail e-commerce sees slow growth, but specialist stores remain the main provider of imaging devices
Trend towards authentic “imperfect” photos could be a gamechanger in the future sales of digital cameras
Object recognition and artificial intelligence areas likely to drive innovation
Canon and Sony expected to win share due to mirrorless cameras and global shutter innovation respectively
Mobile Phones in Germany
KEY DATA FINDINGS
Growth for mobile phones due to reaching the end of the replacement cycle
Ranking remains unchanged, although Apple gains share on Samsung
Appliances and electronics specialists remains the main channel for smartphones, but retail e-commerce is growing
AI features and sustainability trend might influence smartphones in the forecast period
Germans value longevity and reliability in smartphones
Potential emergence of a reverse trend for feature phones
Portable Players in Germany
KEY DATA FINDINGS
Portable players sees growth due to popularity of wireless speakers and innovation of coloured e-readers
Boom in e-readers due to innovation of coloured e-readers
Appliances and electronics specialists remains the main channel for portable players, due to need for informed purchases and in-person testing
Google expected to overtake Amazon in wireless speakers, after years of continuous growth
Another boom in e-readers expected with the launch of coloured edition of Amazon’s Kindle
Portable multimedia players expected to become obsolete
Wearable Electronics in Germany
KEY DATA FINDINGS
Wearable electronics continues its overall growth path
Garmin’s growth and Fossil’s exit from the market shape the competitive landscape
Wearable electronics are mainly purchased online
Wearable electronics expected to turn to volume decline
Company developments expected to affect competitive dynamics
Health features could drive the popularity of smart wearables in Germany
The following categories and subcategories are included:
Consumer Electronics
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- Desktops
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- Laptops
- Tablets
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- Monitors
- Printers
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- In-Car Navigation
- In-Car Speakers
- In-Dash Media Players
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- Audio Separates
- Digital Media Player Docks
- Hi-Fi Systems
- Home Cinema and Speaker Systems
- Speakers
- Other Home Audio and Cinema
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- Analogue TVs
- LCD TVs
- OLED TVs
- Plasma TVs
- Other TVs
- TV Combis
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- BD Players
- DVD Players
- Video Recorders
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- Mass Wireless Headbands
- Premium Wireless Headbands
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- Mass Wireless Earphones
- Premium Wireless Earphones
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- Mass TWS Earbuds
- Premium TWS Earbuds
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- Digital Cameras
- Digital Camcorders
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- Feature Phones
- Smartphones
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- E-Readers
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- Portable Multimedia Players
- Other Portable Media Players
- Wireless Speakers
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- Activity Bands
- Activity Watch (Analogue)
- Activity Watch (Digital)
- Smart Wearables
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Consumer Electronics
Consumer Electronics refers to the sales of Computers and Peripherals, In-Home Consumer Electronics, In-Car Entertainment and Portable Consumer Electronics to the end consumer.
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This report originates from Passport, our Consumer Electronics research and analysis database.
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