Authored By: Sarah
18 Sep 2023

Germany Department Stores Market Analysis 2020-2024: 38% of Growth will Develop From the Apparel Segment 

The department stores market share in Germany will post a decremental growth of USD 1.36 billion, accelerating at a CAGR of (2)% during the forecast period. Rapid urbanization and rising consumer spending will offer immense growth opportunities to market vendors. The Department stores market in Germany is concentrated, and the vendors are deploying growth strategies such as low-pricing strategies and strengthening the local customer base to compete in the market. 

Technavio’s report on “Department Stores Market in Germany Growth, Size, Trends, Analysis Report by Type, Application, Region and Segment Forecast 2020-2024” provides a detailed analysis of the prevalent market forces, trends, and challenges likely to impact the market in focus.   

Germany Department Stores Market Analysis 2020-2024: 38% of Growth will Develop From the Apparel Segment

What are the leading segments in the Department Stores Market in Germany? 

The Department stores market in Germany is segmented by products (apparel, footwear, and accessories, consumer electronics and electricals, home furniture and furnishings, cosmetics and fragrances, and others).

The growth of the Department stores market size in Germany by the apparel, footwear, and accessories segment will be significant during the forecast period. The growth of the segment is attributed to the growing preference for fitness and healthy lifestyles among consumers.

What are the factors impacting the growth of the Department Stores Market in Germany? 

Factors such as rapid urbanization and rising consumer spending will directly influence the department store market in Germany. In addition, the favorable micro-location and concept of having everything under one roof are the major department store market trends in Germany which will positively impact the market growth. However, factors such as the slowdown in sales in retail stores will hamper the Department store's market growth in Germany.   

What are the key Companies in the Department Stores Market in Germany? 

The market is concentrated due to the presence of several players. Some of the major department stores market vendors in Germany are ausberlin, C&A Mode GmbH & Co. KG, E. Breuninger GmbH & Co., KODi Diskontladen GmbH, Manufactum GmbH, Muller Handels GmbH & Co. KG, SIGNA Holding GmbH, SOCIETE ANONYME DES GALERIES LAFAYETTE, The TJX Companies Inc., and Woolworth GmbH.

To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. 

Download the Free PDF sample report for highlights on the market size, growth momentum, regional growth opportunities, vendor analysis, and other factors influencing the market growth.  

What are the key data covered in the Department Stores Market in Germany report? 

  • Precise market size estimation during the forecast period 2020-2024. 

  • CAGR of the department stores market in Germany forecast during 2020-2024. 

  • Market-level data on units, average selling prices, and values of the department stores market share in Germany. 

  • Prediction of the upcoming trends, drivers, and factors that challenge the growth of the department stores market in Germany. 

  • Department Stores industry growth across Germany.

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