Germany Consumer Electronics Market Size & Outlook
Germany consumer electronics market, 2018-2030 (US$M)
Related Markets
Germany consumer electronics market highlights
- The Germany consumer electronics market generated a revenue of USD 40,073.8 million in 2023 and is expected to reach USD 49,080.2 million by 2030.
- The Germany market is expected to grow at a CAGR of 2.9% from 2024 to 2030.
- In terms of segment, smartphones was the largest revenue generating product in 2023.
- E-readers is the most lucrative product segment registering the fastest growth during the forecast period.
Consumer electronics market data book summary
| Market revenue in 2023 | USD 40,073.8 million |
| Market revenue in 2030 | USD 49,080.2 million |
| Growth rate | 2.9% (CAGR from 2023 to 2030) |
| Largest segment | Smartphones |
| Fastest growing segment | E-readers |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Smartphones, Tablets, Desktops, Laptops/Notebooks, Digital Cameras, Hard Disk Drives, Television, E-readers |
| Key market players worldwide | Apple Inc, Asustek Computer Inc DR, BlackBerry Ltd, Canon Inc, Dell Technologies Inc Ordinary Shares - Class C, Alphabet Inc Class A, HP Inc, HTC Corp DR, Huawei Technologies, Lenovo Group Ltd, LG Electronics Inc ADR, Motorola Solutions Inc, Nikon Corp, Panasonic Holdings Corp, Samsung Electronics Co Ltd, Seagate Technology Holdings PLC, Sony Group Corp, Toshiba Corporation, ZTE Corp Class H |
Other key industry trends
- In terms of revenue, Germany accounted for 3.5% of the global consumer electronics market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Europe, UK consumer electronics market is projected to lead the regional market in terms of revenue in 2030.
- UK is the fastest growing regional market in Europe and is projected to reach USD 62,180.7 million by 2030.
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Consumer Electronics Market Scope
Consumer Electronics Market Companies
| Name | Profile | # Employees | HQ | Website |
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Germany consumer electronics market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to consumer electronics market will help companies and investors design strategic landscapes.
Smartphones was the largest segment with a revenue share of 51.26% in 2023. Horizon Databook has segmented the Germany consumer electronics market based on smartphones, tablets, desktops, laptops/notebooks, digital cameras, hard disk drives, television, e-readers covering the revenue growth of each sub-segment from 2018 to 2030.
In Germany, the growing preference for high-quality consumer electronics offering improved features and longer battery life is prompting key market players to pursue technological improvements.
Furthermore, the country has world-renowned universities, highly skilled technical training programs, and a tradition of engineering and innovation that have strengthened its position in the global technology market and attracted key players to set up new manufacturing and R&D facilities.
For instance, in June 2023, leading semiconductor chip manufacturer Intel Corporation, along with its major customers, including Dell Inc., Lenovo Group Limited, and HP Inc., announced an investment of USD 32.8 billion for developing two world-class edge semiconductor facilities in Germany. All these factors are expected to drive the growth of the consumer electronics market in Germany.
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Horizon Databook provides a detailed overview of country-level data and insights on the Germany consumer electronics market , including forecasts for subscribers. This country databook contains high-level insights into Germany consumer electronics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Germany consumer electronics market size, by product, 2018-2030 (US$M)
Germany Consumer Electronics Market Outlook Share, 2023 & 2030 (US$M)
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