After more than 40 years of operation, DTVE is closing its doors and our website will no longer be updated daily. Thank you for all of your support.
Demand for larger screens lifts German TV market
The popularity of larger screens boosted German TV sales in 2014, but the value of sales fell year-on-year due to continued price erosion, according to figures released by consumer electronics trade organization the GFU.
According to the GFU, TV sales were up 3.8% in terms of units shifted in 2014, with larger screen sizes of 37 inches and over accounting for €3.6 billion worth of sales and 80% of the market. The average size of TV sets sold was 40 inches, according to the trade association.
The value of overall sales declined by 4.7% to €4.5 billion due to falling prices. About 98% of screens sold were LCFD models, while 57% were smart TVs, slightly above the 2013 figure of 56%.
By way of comparison, the market for notebook PCs rose by 6.2% to €3.2 billion, while the tablet market grew by 4.7% to €1.9 billion in the same period.
The GFU expects CE sales to remain stable this year, with the absence of major sporting events expected to have a dampening effect on the volume of sales.
Overall, the German consumer electronics market returned to modest growth in 2014, with sales up 2.1%, following a decline in 2013, according to the GFU. While the ‘traditional’ CE sector saw a 5.3% fall in sales in 2014, overall numbers were lifted into positive territory by consumer telecom products, up 7.5% and consumer IT products, up 6.5%.
The CEMIX consumer electronics market index figures were compiled by the GFU and research group GfK in cooperation with retail trade association BAT.