Germany Reef Aquarium Market Size & Outlook, 2020-2028
Germany reef aquarium market, 2016-2028 (US$M)
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Germany reef aquarium market highlights
- The Germany reef aquarium market generated a revenue of USD 305.7 million in 2020 and is expected to reach USD 642.7 million by 2028.
- The Germany market is expected to grow at a CAGR of 9.7% from 2021 to 2028.
- In terms of segment, component was the largest revenue generating product in 2020.
- Natural is the most lucrative product segment registering the fastest growth during the forecast period.
Reef aquarium market data book summary
| Market revenue in 2020 | USD 305.7 million |
| Market revenue in 2028 | USD 642.7 million |
| Growth rate | 9.7% (CAGR from 2020 to 2028) |
| Largest segment | Component |
| Fastest growing segment | Natural |
| Historical data | 2016 - 2019 |
| Base year | 2020 |
| Forecast period | 2021 - 2028 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Natural, Artificial, Component |
| Key market players worldwide | EHEIM, Acadia Healthcare Co Inc, API FishCare, Oase, Tropical marine Center, Interpet |
Other key industry trends
- In terms of revenue, Germany accounted for 6.2% of the global reef aquarium market in 2020.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2028.
- In Europe, UK reef aquarium market is projected to lead the regional market in terms of revenue in 2028.
- Germany is the fastest growing regional market in Europe and is projected to reach USD 642.7 million by 2028.
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Reef Aquarium Market Scope
Reef Aquarium Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Germany reef aquarium 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 reef aquarium market will help companies and investors design strategic landscapes.
Component was the largest segment with a revenue share of 47.11% in 2020. Horizon Databook has segmented the Germany reef aquarium market based on natural, artificial, component covering the revenue growth of each sub-segment from 2016 to 2028.
As per a blog published by Industrieverband Heimtierbedarf (IVH) e. V., in 2018, there was a pet in almost every second German household. Increasing pet ownership trend in the country is foreseen to remain prevalent in the coming years. The high adoption of reef aquariums is due to their ready availability in pet shops as well as online.
Also, reef aquariums are visually appealing and add décor to a room. Fish are self-contained, don’t make a mess at home while the consumer is out, nor do they annoy the neighbors. These factors are expected to drive the demand for reef aquariums over the forecast period.
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Our clientele includes a mix of reef aquarium market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the Germany reef aquarium market, including forecasts for subscribers. This country databook contains high-level insights into Germany reef aquarium market from 2016 to 2028, including revenue numbers, major trends, and company profiles.
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Germany reef aquarium market report size, by product, 2016-2028 (US$M)
Germany Reef Aquarium Market Share, 2020 & 2028 (US$M)
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