Market Overview:
The global double door 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 high-end refrigerators and rising disposable income of consumers in developing countries. In terms of type, the low & medium-end refrigerators segment is expected to dominate the global double door refrigerator market during the forecast period, followed by high-end refrigerators. In terms of application, retail stores are expected to account for a major share of the global double door refrigerator market during the forecast period, followed by specialty outlets and others. North America is estimated to be one of the leading markets for double door refrigerators in 2018 and is projected to maintain its dominance throughout 2030 owing to factors such as technological advancements and rising disposable income levels in this region.
Product Definition:
A double door refrigerator is a refrigerator with two doors on the front. This allows you to access both the freezer and fridge compartments without having to open the entire fridge. This is especially useful if you have a lot of items in your fridge that you want to keep cold, as it keeps the cold air inside.
Low & Medium-End Refrigerators:
Low & medium-end refrigerators are the most popular type of refrigerator among consumers. They account for more than 50% of total refrigerator sales in India. The growth is driven by increasing urbanization, rising disposable income and changing lifestyles that have prompted consumers to buy premium products with improved technology and features at affordable prices.
High-End Refrigerators:
High-end refrigerators are premium products with enhanced and sophisticated features. These products have more storage space, larger cooling capacity, and they can be customized according to the requirements of the user. The growth of this segment is attributed to increasing spending on consumer electronics such as televisions, computers, laptops along with rising disposable income in developing countries including China & India.
Application Insights:
The retail stores application segment held the largest share of over 60.0% in 2017. The growth can be attributed to the increasing demand for refrigerators from developing countries, such as India, China and Brazil. These countries are witnessing rapid urbanization and growing middle-class population, which is a key factor driving the demand for appliances in households. Moreover, double door refrigerators are considered more luxurious than their single door counterparts due to their aesthetic appeal and enhanced functionality owing to features such as second freezer compartment.
Regional Analysis:
Asia Pacific dominated the global double door refrigerator market in 2017. The region is expected to continue its dominance over the forecast period. This can be attributed to increasing awareness regarding advanced products, rising disposable income of consumers and rapid urbanization & industrialization in developing countries such as China and India. Moreover, companies are investing more on research & development activities due to which new models of refrigerators are being introduced into the market from 2018 onwards. For instance, Samsung launched a new line of French-door type refrigerators under its premium series called SMEG apeaker that has been gaining popularity among customers since it was launched in 2016.
North America is also likely to witness significant growth over the next eight years owing both demand.
Growth Factors:
- Increasing demand for double door refrigerators in the commercial sector as a result of growing food and beverage industry.
- Rising disposable income of consumers, which is encouraging them to invest in high-end appliances such as double door refrigerators.
- Proliferation of online retail channels, which is making it easier for consumers to purchase double door refrigerators at competitive prices.
- Growing popularity of modular kitchens, which is resulting in an increase in demand for double door refrigerators with multiple compartments and shelves.
Scope Of The Report
Report Attributes
Report Details
Report Title
Double Door Refrigerator Market Research Report
By Type
Low & Medium-End Refrigerators, High-End Refrigerators
By Application
Retail Stores, Specialty Outlets, Others
By Companies
Siemens, LG, Panasonic, Haier, Whirlpool Corporation, Media, Electrolux Ab, GE, Bosch, Hisense, Danby, Amana
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
178
Number of Tables & Figures
125
Customization Available
Yes, the report can be customized as per your need.
Global Double Door Refrigerator Market Report Segments:
The global Double Door Refrigerator market is segmented on the basis of:
Types
Low & Medium-End Refrigerators, High-End Refrigerators
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
Retail Stores, Specialty Outlets, 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:
- Siemens
- LG
- Panasonic
- Haier
- Whirlpool Corporation
- Media
- Electrolux Ab
- GE
- Bosch
- Hisense
- Danby
- Amana
Highlights of The Double Door 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:
- Low & Medium-End Refrigerators
- High-End Refrigerators
- By Application:
- Retail Stores
- Specialty Outlets
- 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 Double Door 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
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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?
Double Door Refrigerator is a brand of refrigerators.
Some of the key players operating in the double door refrigerator market are Siemens, LG, Panasonic, Haier, Whirlpool Corporation, Media, Electrolux Ab, GE, Bosch, Hisense, Danby, Amana.
The double door 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 Double Door 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 Double Door Refrigerator Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Double Door 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 Double Door 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 Double Door Refrigerator Market Size & Forecast, 2018-2028 4.5.1 Double Door Refrigerator Market Size and Y-o-Y Growth 4.5.2 Double Door Refrigerator Market Absolute $ Opportunity
Chapter 5 Global Double Door Refrigerator 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 Double Door Refrigerator Market Size Forecast by Type
5.2.1 Low & Medium-End Refrigerators
5.2.2 High-End Refrigerators
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Double Door Refrigerator 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 Double Door Refrigerator Market Size Forecast by Applications
6.2.1 Retail Stores
6.2.2 Specialty Outlets
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Double Door 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 Double Door 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 Double Door Refrigerator Analysis and Forecast
9.1 Introduction
9.2 North America Double Door Refrigerator 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 Double Door Refrigerator Market Size Forecast by Type
9.6.1 Low & Medium-End Refrigerators
9.6.2 High-End Refrigerators
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 Double Door Refrigerator Market Size Forecast by Applications
9.10.1 Retail Stores
9.10.2 Specialty Outlets
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 Double Door Refrigerator Analysis and Forecast
10.1 Introduction
10.2 Europe Double Door Refrigerator 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 Double Door Refrigerator Market Size Forecast by Type
10.6.1 Low & Medium-End Refrigerators
10.6.2 High-End Refrigerators
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 Double Door Refrigerator Market Size Forecast by Applications
10.10.1 Retail Stores
10.10.2 Specialty Outlets
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 Double Door Refrigerator Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Double Door Refrigerator 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 Double Door Refrigerator Market Size Forecast by Type
11.6.1 Low & Medium-End Refrigerators
11.6.2 High-End Refrigerators
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 Double Door Refrigerator Market Size Forecast by Applications
11.10.1 Retail Stores
11.10.2 Specialty Outlets
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 Double Door Refrigerator Analysis and Forecast
12.1 Introduction
12.2 Latin America Double Door Refrigerator 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 Double Door Refrigerator Market Size Forecast by Type
12.6.1 Low & Medium-End Refrigerators
12.6.2 High-End Refrigerators
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 Double Door Refrigerator Market Size Forecast by Applications
12.10.1 Retail Stores
12.10.2 Specialty Outlets
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) Double Door Refrigerator Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Double Door Refrigerator 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) Double Door Refrigerator Market Size Forecast by Type
13.6.1 Low & Medium-End Refrigerators
13.6.2 High-End Refrigerators
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) Double Door Refrigerator Market Size Forecast by Applications
13.10.1 Retail Stores
13.10.2 Specialty Outlets
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 Double Door Refrigerator Market: Competitive Dashboard
14.2 Global Double Door Refrigerator Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Siemens
14.3.2 LG
14.3.3 Panasonic
14.3.4 Haier
14.3.5 Whirlpool Corporation
14.3.6 Media
14.3.7 Electrolux Ab
14.3.8 GE
14.3.9 Bosch
14.3.10 Hisense
14.3.11 Danby
14.3.12 Amana