Market Overview:
The global domestic refrigerator market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for energy-efficient and eco-friendly appliances, rising disposable income, and growing urbanization. In terms of type, the top freezer refrigerator segment is expected to lead the global domestic refrigerator market during the forecast period. This segment is projected to grow at a CAGR of 5.8% from 2018 to 2030. In terms of application, the household segment is expected to lead the global domestic refrigerator market during the forecast period. This segment is projected grow at a CAGR of 5%. Regionally, North America dominatesthe global domestic refrigerators with a shareof more than 30%.
Product Definition:
A domestic refrigerator is a household appliance that consists of a thermally insulated compartment and a heat pump (mechanical or vapor compression) that transfers heat from the inside of the fridge to its external environment so that the interior of the fridge remains cool. Domestic refrigerators are widely used in developed countries to store food and drink.
Top Freezer Refrigerators:
Top Freezer Refrigerators are high tech devices which help in storing the items at the top portion of the refrigerator. It is usually placed at 45 degrees and can store an item either vertically or horizontally. The major advantage of this device is that it helps to maximize storage space in a limited kitchen space by creating extra floor, side, or shelf space.
The global Top Freezer Refrigerators market size was valued at USD 1,37 million in 2015.
Bottom Freezer Fridges:
Bottom Freezer Fridges are used to freeze the food at the bottom of refrigerator. It is usually placed at the depth of about 4-5 feet in refrigerators. The working principle is very simple, it uses cold air from inside the refrigerator to lower its temperature and preserve food items for a longer time span.
It helps in maximizing space utilization as it places less load on compressor.
Application Insights:
The household application segment led the global market in 2017. The growth of this segment can be attributed to increasing demand for energy-efficient and compact appliances suitable for urban apartments. Furthermore, rising disposable income levels among households in developing countries including China and India is expected to remain a favorable factor over the forecast period.
Household refrigerators are majorly used for storing fruits and vegetables as well as other perishable food items such as meat, fish, dairy products, etc. In addition, they are also used for storing beverages such as milk & milk alternatives along with ice cream in freezers located at the top or bottom of these devices respectively.
Regional Analysis:
Asia Pacific dominated the global market in 2017. The region is expected to continue its dominance over the forecast period as well owing to increasing demand for small and compact refrigerators from developing countries such as India, China, and Bangladesh. Moreover, rising disposable income levels coupled with a growing population in these countries will drive product sales further.
North America is projected to be one of the fastest-growing regional markets during the same period on account of increasing household incomes along with a rise in consumer awareness regarding energy conservation. Furthermore, an increase in spending power will boost demand for premium products within this region during the forecast years.
Growth Factors:
- Rising disposable income of the population: The disposable income of the population is rising, which is resulting in an increase in demand for domestic refrigerators.
- Urbanization and modernization: There is a growing trend of urbanization and modernization, which is leading to an increase in the demand for domestic refrigerators.
- Proliferation of nuclear families: The proliferation of nuclear families has resulted in a rise in the demand for small-sized domestic refrigerators.
- Growing awareness about energy efficiency: There is a growing awareness among consumers about energy efficiency, which is resulting in an increase in demand for energy-efficient domestic refrigerators.
Scope Of The Report
Report Attributes
Report Details
Report Title
Domestic Refrigerator Market Research Report
By Type
Top Freezer Refrigerators, Bottom Freezer Fridges, Side-by-Side Refrigerators, French Doors, Others
By Application
Household, Office, Others
By Companies
Whirlpool, Samsung, LG, GE, Amana, Frigidaire, Kitchenaid, Bosch, Haier, Kenmore, Whirlpool, Electrolux, Siemens, MIDEA
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
232
Number of Tables & Figures
163
Customization Available
Yes, the report can be customized as per your need.
Global Domestic Refrigerator Market Report Segments:
The global Domestic Refrigerator market is segmented on the basis of:
Types
Top Freezer Refrigerators, Bottom Freezer Fridges, Side-by-Side Refrigerators, French Doors, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Household, Office, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Whirlpool
- Samsung
- LG
- GE
- Amana
- Frigidaire
- Kitchenaid
- Bosch
- Haier
- Kenmore
- Whirlpool
- Electrolux
- Siemens
- MIDEA
Highlights of The Domestic Refrigerator Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Top Freezer Refrigerators
- Bottom Freezer Fridges
- Side-by-Side Refrigerators
- French Doors
- Others
- By Application:
- Household
- Office
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Domestic Refrigerator Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A domestic refrigerator is a household appliance that cools food.
Some of the major players in the domestic refrigerator market are Whirlpool, Samsung, LG, GE, Amana, Frigidaire, Kitchenaid, Bosch, Haier, Kenmore, Whirlpool, Electrolux, Siemens, MIDEA.
The domestic refrigerator market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Domestic Refrigerator Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Domestic Refrigerator Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Domestic Refrigerator Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Domestic Refrigerator Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Domestic Refrigerator Market Size & Forecast, 2020-2028 4.5.1 Domestic Refrigerator Market Size and Y-o-Y Growth 4.5.2 Domestic Refrigerator Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Top Freezer Refrigerators
5.2.2 Bottom Freezer Fridges
5.2.3 Side-by-Side Refrigerators
5.2.4 French Doors
5.2.5 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Household
6.2.2 Office
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Domestic Refrigerator Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Domestic Refrigerator Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Top Freezer Refrigerators
9.6.2 Bottom Freezer Fridges
9.6.3 Side-by-Side Refrigerators
9.6.4 French Doors
9.6.5 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Household
9.10.2 Office
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Top Freezer Refrigerators
10.6.2 Bottom Freezer Fridges
10.6.3 Side-by-Side Refrigerators
10.6.4 French Doors
10.6.5 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Household
10.10.2 Office
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Top Freezer Refrigerators
11.6.2 Bottom Freezer Fridges
11.6.3 Side-by-Side Refrigerators
11.6.4 French Doors
11.6.5 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Household
11.10.2 Office
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Top Freezer Refrigerators
12.6.2 Bottom Freezer Fridges
12.6.3 Side-by-Side Refrigerators
12.6.4 French Doors
12.6.5 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Household
12.10.2 Office
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Top Freezer Refrigerators
13.6.2 Bottom Freezer Fridges
13.6.3 Side-by-Side Refrigerators
13.6.4 French Doors
13.6.5 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Household
13.10.2 Office
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Domestic Refrigerator Market: Competitive Dashboard
14.2 Global Domestic Refrigerator Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Whirlpool
14.3.2 Samsung
14.3.3 LG
14.3.4 GE
14.3.5 Amana
14.3.6 Frigidaire
14.3.7 Kitchenaid
14.3.8 Bosch
14.3.9 Haier
14.3.10 Kenmore
14.3.11 Whirlpool
14.3.12 Electrolux
14.3.13 Siemens
14.3.14 MIDEA