Germany Department Stores Market by Product, Type - Forecast and Analysis 2023-2027

Published: Oct 2023 Pages: 129 SKU: IRTNTR44693

Department Stores Market in Germany Report 2023-2027

The department stores market in Germany is poised to grow by USD 1.85 billion accelerating at a CAGR of 4.09% between 2022 and 2027. Additionally, the market is fragmented in nature and shows a YOY growth of 3.62%. The report covers diverse dimensions such as the market size of forecast and historic data, influential drivers, analysis of prominent vendors, and evolving trends, presenting a comprehensive outlook on the global market scenario.

Rapid urbanization and rising consumer spending is a key factor driving the market growth. The comprehensive report of the department stores market in Germany offers crucial insights into the industry's changing dynamics, helping businesses to identify growth opportunities in the constantly evolving digital retail landscape.

The market is Segmented as 

1. Product- The product segment is classified into consumer electronics and electricals, home furniture and furnishings, cosmetic and fragrance, and others.

2. Type-  The type segment is classified into up-scale department stores, mid-range department stores, and discount stores.

Department Stores Market in Germany market size, Request for Free Report Sample

The growth of the Germany department stores market is prominently fueled by rapid urbanization and increased consumer spending. Germany exhibits varying population densities, with cities like Berlin, Hamburg, and Bremen being the most densely populated. Over 75% of the population resides in urban areas, with Berlin and Hamburg having the highest concentrations. This rapid urbanization has created substantial growth opportunities for department stores, aided by high employment rates, increased immigration, and enhanced wages in the country from 2021 to 2022.

Notably, consumer spending in private households reached nearly USD 1.86 trillion in 2021. In 2022, the population in Germany engaged in significant online purchases, particularly in clothing and shoes, followed by books, music, and games, falling under the media category. These factors are expected to drive continued market growth in the forecast period.

A significant trend in the Germany department stores market is the growing demand for private-label brands, observed notably in 2022 for grocery and apparel products.

Despite a market dominated by a few retailers, there is a robust and expanding line of private-label products. Popular private-label groceries, including soft drinks, frozen and refrigerated foods, alcohol, snacks, and confectionery items, are experiencing increased demand.

Furthermore, these private-label brands offer a majority of products at competitive prices, fueling demand across retail outlets in the country. Shifting consumer expectations, emphasizing premium products at reasonable prices, have prompted the launch of private-label brands, consequently boosting the growth of discount department stores and supermarkets in Germany. These factors are anticipated to contribute to the market's growth in the forecast period.

Department Stores Market in Germany Report Coverage

  • Department Stores Market in Germany Segmentation
  • Department Stores Market in Germany Regional Analysis
  • Department Stores Market in Germany Companies Contribution

Department Stores Market in Germany Segmentation

The market share growth by the consumer electronics and electricals segment will be significant during the forecast period. Some of the products with the highest demand in this segment include smartphones, tablets, televisions, air conditioners, and refrigerators, among others. Besides, there is a growing demand for wearable electronics. These include fashion electronics and activity trackers (including smartwatches from Apple and Samsung).

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The consumer electronics and electricals segment was valued at USD 2.61 billion in 2017 and continued to grow by 2021. Moreover, the increasing sales of consumer electronics and electrical items from supermarkets and specialty stores have also adversely impacted sales in department stores. Low-price discount stores and traditional supermarkets have dominated the retail sales of consumer electronics and electrical products.

In 2022, Media Market Saturn Retail Group, a specialty store, was one of the biggest electronic retailers in Germany. The increasing preference for specialty stores and supermarkets for the purchase of electronic products has drastically impacted sales in department stores. Therefore, the segment is expected to witness slow growth during the forecast period.

Department Stores Market in Germany Companies Contribution

Aldi Group - The company offers department stores such as grocery stores. It also offers products such as snacks, breakfasts, and baby items.

The report also includes detailed analyses of the competitive landscape of the market and information about 15 market vendors, including:

  • Ausberlin
  • C and A Mode GmbH and Co KG
  • Claims Conference
  • East Side Mall
  • elbstolz
  • Engelhorn
  • Fast Retailing Co. Ltd.
  • Fenwick
  • GALERIA Karstadt Kaufhof GmbH
  • Harrods Ltd.
  • Kaufhaus Ahrens GmbH and Co. KG
  • Ludwig Beck am Rathauseck Txtlhs FldmrAG
  • Manufactum GmbH
  • Marks and Spencer Plc
  • Modehaus Garhammer GmbH
  • Muller Handels GmbH and Co. KG
  • SCHMIDT ARKADEN GmbH and Co. KG
  • The KaDeWe Group GmbH
  • Werbeverein Schadow Arkaden eV

Department Stores Market in Germany Challenges 

The slowdown in sales in retail stores may impede the Germany department stores market growth.

In recent years, the sales of retail goods, including clothes and apparel, electronic products, bags, toys, and other such products through department stores have witnessed a sharp decrease around the world. For instance, in Germany, certain department stores have either shut down their operations or filed for bankruptcy. This can be majorly attributed to the changing preference of buyers toward shopping malls and e-commerce websites. 

For instance, in March 2023, in Germany, real retail sales decreased by 6.5% compared to the same month last year, mainly due to the growth in the number of malls and large departmental stores in the region. Besides, in the last three years, the online sales of these department stores have grown significantly. In June 2022, retail sales volumes declined 8.8% compared to the same month last year, as per Destatis, which is the German national statistics office. Hence, these factors are expected to restrain the department stores market in Germany during the forecast period.

The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth. For details analysis BUY FULL REPORT.

What are the Key Data Covered in this Department Stores Market In Germany In Country Research Report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the growth of the market between 2023 and 2027
  • Precise estimation of the size of the market  size and its contribution of the market in focus to the parent market
  • Accurate predictions about upcoming trends and changes in consumer behaviour
  • Growth of the market industry across Germany
  • Thorough analysis of the market’s competitive landscape and detailed information about companies
  • Comprehensive analysis of factors that will challenge the growth of market companies

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Department Stores Market In Germany Scope

Report Coverage

Details

Page number

129

Base year

2022

Historic period

 2018 - 2022

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 4.09%

Market growth 2023-2027

USD 1.85 billion

Market structure

Fragmented

YoY growth 2022-2023(%)

3.62

Regional analysis

Germany

Performing market contribution

Europe at 100%

Key countries

Germany

Competitive landscape

 Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks

Key companies profiled

Aldi Group, ausberlin, C and A Mode GmbH and Co KG, Claims Conference, East Side Mall, elbstolz, Engelhorn, Fast Retailing Co. Ltd., Fenwick, GALERIA Karstadt Kaufhof GmbH, Harrods Ltd., Kaufhaus Ahrens GmbH and Co. KG, Ludwig Beck am Rathauseck Txtlhs FldmrAG, Manufactum GmbH, Marks and Spencer Plc, Modehaus Garhammer GmbH, Muller Handels GmbH and Co. KG, SCHMIDT ARKADEN GmbH and Co. KG, The KaDeWe Group GmbH, and Werbeverein Schadow Arkaden eV

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period

Customization purview

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Country Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market Segmentation by Product
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Type
    • Exhibit 06: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 07: Parent market
    • Exhibit 08: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 09: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 10: Market segments
  • 3.3 Market size 2022
    • 3.4 Market outlook: Forecast for 2022-2027
      • Exhibit 11: Chart on Germany - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 12: Data Table on Germany - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 13: Chart on Germany: Year-over-year growth 2022-2027 (%)
      • Exhibit 14: Data Table on Germany: Year-over-year growth 2022-2027 (%)

    4 Historic Market Size

    • 4.1 Department stores market in Germany 2017 - 2021
      • Exhibit 15: Historic Market Size – Data Table on department stores market in Germany 2017 - 2021 ($ billion)
    • 4.2 Product Segment Analysis 2017 - 2021
      • Exhibit 16: Historic Market Size – Product Segment 2017 - 2021 ($ billion)
    • 4.3 Type Segment Analysis 2017 - 2021
      • Exhibit 17: Historic Market Size – Type Segment 2017 - 2021 ($ billion)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 18: Five forces analysis - Comparison between 2022 and 2027
    • 5.2 Bargaining power of buyers
      • Exhibit 19: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
    • 5.3 Bargaining power of suppliers
      • Exhibit 20: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
    • 5.4 Threat of new entrants
      • Exhibit 21: Threat of new entrants – Impact of key factors in 2022 and 2027
    • 5.5 Threat of substitutes
      • Exhibit 22: Threat of substitutes – Impact of key factors in 2022 and 2027
    • 5.6 Threat of rivalry
      • Exhibit 23: Threat of rivalry – Impact of key factors in 2022 and 2027
    • 5.7 Market condition
      • Exhibit 24: Chart on Market condition - Five forces 2022 and 2027

    6 Market Segmentation by Product

    • 6.1 Market segments
      • Exhibit 25: Chart on Product - Market share 2022-2027 (%)
      • Exhibit 26: Data Table on Product - Market share 2022-2027 (%)
    • 6.2 Comparison by Product
      • Exhibit 27: Chart on Comparison by Product
      • Exhibit 28: Data Table on Comparison by Product
    • 6.3 Consumer electronics and electricals - Market size and forecast 2022-2027
      • Exhibit 29: Chart on Consumer electronics and electricals - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 30: Data Table on Consumer electronics and electricals - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 31: Chart on Consumer electronics and electricals - Year-over-year growth 2022-2027 (%)
      • Exhibit 32: Data Table on Consumer electronics and electricals - Year-over-year growth 2022-2027 (%)
    • 6.4 Home furniture and furnishings - Market size and forecast 2022-2027
      • Exhibit 33: Chart on Home furniture and furnishings - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 34: Data Table on Home furniture and furnishings - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 35: Chart on Home furniture and furnishings - Year-over-year growth 2022-2027 (%)
      • Exhibit 36: Data Table on Home furniture and furnishings - Year-over-year growth 2022-2027 (%)
    • 6.5 Cosmetic and fragrance - Market size and forecast 2022-2027
      • Exhibit 37: Chart on Cosmetic and fragrance - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 38: Data Table on Cosmetic and fragrance - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 39: Chart on Cosmetic and fragrance - Year-over-year growth 2022-2027 (%)
      • Exhibit 40: Data Table on Cosmetic and fragrance - Year-over-year growth 2022-2027 (%)
    • 6.6 Others - Market size and forecast 2022-2027
      • Exhibit 41: Chart on Others - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 42: Data Table on Others - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 43: Chart on Others - Year-over-year growth 2022-2027 (%)
      • Exhibit 44: Data Table on Others - Year-over-year growth 2022-2027 (%)
    • 6.7 Market opportunity by Product
      • Exhibit 45: Market opportunity by Product ($ billion)
      • Exhibit 46: Data Table on Market opportunity by Product ($ billion)

    7 Market Segmentation by Type

    • 7.1 Market segments
      • Exhibit 47: Chart on Type - Market share 2022-2027 (%)
      • Exhibit 48: Data Table on Type - Market share 2022-2027 (%)
    • 7.2 Comparison by Type
      • Exhibit 49: Chart on Comparison by Type
      • Exhibit 50: Data Table on Comparison by Type
    • 7.3 Up-scale department stores - Market size and forecast 2022-2027
      • Exhibit 51: Chart on Up-scale department stores - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 52: Data Table on Up-scale department stores - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 53: Chart on Up-scale department stores - Year-over-year growth 2022-2027 (%)
      • Exhibit 54: Data Table on Up-scale department stores - Year-over-year growth 2022-2027 (%)
    • 7.4 Mid-range department stores - Market size and forecast 2022-2027
      • Exhibit 55: Chart on Mid-range department stores - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 56: Data Table on Mid-range department stores - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 57: Chart on Mid-range department stores - Year-over-year growth 2022-2027 (%)
      • Exhibit 58: Data Table on Mid-range department stores - Year-over-year growth 2022-2027 (%)
    • 7.5 Discount stores - Market size and forecast 2022-2027
      • Exhibit 59: Chart on Discount stores - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 60: Data Table on Discount stores - Market size and forecast 2022-2027 ($ billion)
      • Exhibit 61: Chart on Discount stores - Year-over-year growth 2022-2027 (%)
      • Exhibit 62: Data Table on Discount stores - Year-over-year growth 2022-2027 (%)
    • 7.6 Market opportunity by Type
      • Exhibit 63: Market opportunity by Type ($ billion)
      • Exhibit 64: Data Table on Market opportunity by Type ($ billion)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 65: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Drivers, Challenges, and Trends

    • 9.1 Market drivers
      • 9.2 Market challenges
        • 9.3 Impact of drivers and challenges
          • Exhibit 66: Impact of drivers and challenges in 2022 and 2027
        • 9.4 Market trends

          10 Vendor Landscape

          • 10.1 Overview
            • 10.2 Vendor landscape
              • Exhibit 67: Overview on Criticality of inputs and Factors of differentiation
            • 10.3 Landscape disruption
              • Exhibit 68: Overview on factors of disruption
            • 10.4 Industry risks
              • Exhibit 69: Impact of key risks on business

            11 Vendor Analysis

            • 11.1 Vendors covered
              • Exhibit 70: Vendors covered
            • 11.2 Market positioning of vendors
              • Exhibit 71: Matrix on vendor position and classification
            • 11.3 Aldi Group
              • Exhibit 72: Aldi Group - Overview
              • Exhibit 73: Aldi Group - Product / Service
              • Exhibit 74: Aldi Group - Key offerings
            • 11.4 C and A Mode GmbH and Co KG
              • Exhibit 75: C and A Mode GmbH and Co KG - Overview
              • Exhibit 76: C and A Mode GmbH and Co KG - Product / Service
              • Exhibit 77: C and A Mode GmbH and Co KG - Key offerings
            • 11.5 Claims Conference
              • Exhibit 78: Claims Conference - Overview
              • Exhibit 79: Claims Conference - Product / Service
              • Exhibit 80: Claims Conference - Key offerings
            • 11.6 East Side Mall
              • Exhibit 81: East Side Mall - Overview
              • Exhibit 82: East Side Mall - Product / Service
              • Exhibit 83: East Side Mall - Key offerings
            • 11.7 elbstolz
              • Exhibit 84: elbstolz - Overview
              • Exhibit 85: elbstolz - Product / Service
              • Exhibit 86: elbstolz - Key offerings
            • 11.8 Engelhorn
              • Exhibit 87: Engelhorn - Overview
              • Exhibit 88: Engelhorn - Product / Service
              • Exhibit 89: Engelhorn - Key offerings
            • 11.9 Fast Retailing Co. Ltd.
              • Exhibit 90: Fast Retailing Co. Ltd. - Overview
              • Exhibit 91: Fast Retailing Co. Ltd. - Business segments
              • Exhibit 92: Fast Retailing Co. Ltd. - Key news
              • Exhibit 93: Fast Retailing Co. Ltd. - Key offerings
              • Exhibit 94: Fast Retailing Co. Ltd. - Segment focus
            • 11.10 Fenwick
              • Exhibit 95: Fenwick - Overview
              • Exhibit 96: Fenwick - Product / Service
              • Exhibit 97: Fenwick - Key offerings
            • 11.11 GALERIA Karstadt Kaufhof GmbH
              • Exhibit 98: GALERIA Karstadt Kaufhof GmbH - Overview
              • Exhibit 99: GALERIA Karstadt Kaufhof GmbH - Product / Service
              • Exhibit 100: GALERIA Karstadt Kaufhof GmbH - Key offerings
            • 11.12 Harrods Ltd.
              • Exhibit 101: Harrods Ltd. - Overview
              • Exhibit 102: Harrods Ltd. - Product / Service
              • Exhibit 103: Harrods Ltd. - Key offerings
            • 11.13 Marks and Spencer Plc
              • Exhibit 104: Marks and Spencer Plc - Overview
              • Exhibit 105: Marks and Spencer Plc - Business segments
              • Exhibit 106: Marks and Spencer Plc - Key offerings
              • Exhibit 107: Marks and Spencer Plc - Segment focus
            • 11.14 Modehaus Garhammer GmbH
              • Exhibit 108: Modehaus Garhammer GmbH - Overview
              • Exhibit 109: Modehaus Garhammer GmbH - Product / Service
              • Exhibit 110: Modehaus Garhammer GmbH - Key offerings
            • 11.15 Muller Handels GmbH and Co. KG
              • Exhibit 111: Muller Handels GmbH and Co. KG - Overview
              • Exhibit 112: Muller Handels GmbH and Co. KG - Product / Service
              • Exhibit 113: Muller Handels GmbH and Co. KG - Key offerings
            • 11.16 SCHMIDT ARKADEN GmbH and Co. KG
              • Exhibit 114: SCHMIDT ARKADEN GmbH and Co. KG - Overview
              • Exhibit 115: SCHMIDT ARKADEN GmbH and Co. KG - Product / Service
              • Exhibit 116: SCHMIDT ARKADEN GmbH and Co. KG - Key offerings
            • 11.17 The KaDeWe Group GmbH
              • Exhibit 117: The KaDeWe Group GmbH - Overview
              • Exhibit 118: The KaDeWe Group GmbH - Product / Service
              • Exhibit 119: The KaDeWe Group GmbH - Key offerings

            12 Appendix

            • 12.1 Scope of the report
              • 12.2 Inclusions and exclusions checklist
                • Exhibit 120: Inclusions checklist
                • Exhibit 121: Exclusions checklist
              • 12.3 Currency conversion rates for US$
                • Exhibit 122: Currency conversion rates for US$
              • 12.4 Research methodology
                • Exhibit 123: Research methodology
                • Exhibit 124: Validation techniques employed for market sizing
                • Exhibit 125: Information sources
              • 12.5 List of abbreviations
                • Exhibit 126: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              INFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases

              DATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts

              REPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape

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              Key Questions Answered

              • What are the key global market and the regional market share?
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              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?

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