Market Overview:
The global side by side refrigerators 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 appliances and rising disposable income of consumers in developing countries. Based on type, the global side by side refrigerators market is segmented into under 15 cu.ft., 15 - 20 cu.ft., 20 - 25 cu.ft., and above 25 cu.ft. Among these, the under 15 cu.
Product Definition:
A side-by-side refrigerator is a type of refrigerator in which the freezer and refrigeration compartments are located on opposite sides of the cabinet. This design allows for more storage space on each shelf than in top-freezer or bottom-freezer designs. Side-by-side refrigerators are popular because they allow easy access to food items, and many models include an ice maker and water dispenser.
Under 15 cu.ft.:
It is used to measure the capacity of an internal room in a side by side refrigerator that has walls on three sides and a door on the fourth side. The cu.
15 - 20 cu.ft.:
15 - 20 cu.ft. is the average capacity of a side by side refrigerator in market these days. It can fit at least six full-grown adults comfortably, and usually more if they are willing to lay flat. The amount of food it can store depends on the size and type of the items kept inside it, as well as its maintenance status (new or used).
Application Insights:
The home application segment accounted for the largest share of over 60.0% in 2017. Side by side refrigerators are widely used at homes as they offer more storage space and better functionality than conventional upright models. The residential sector is expected to emerge as the fastest growing application segment over the forecast period owing to increasing urbanization, rising disposable income, and changing lifestyle patterns of consumers across various regions including Asia Pacific, North America, and Europe.
Increasing demand for energy efficient products with improved aesthetics is likely to drive product innovation in this segment which would provide an opportunity for industry participants during the forecast period. For instance, Samsung introduced a new line of modular side by side refrigerators under ¢â‚¬ËœKUF-X¢â‚¬â„¢s 2015 collection that features LED lighting on both sides of each door along with a digital display panel showing information about food stored inside fridge (such as temperature & date).
Regional Analysis:
Asia Pacific side by side refrigerators market is expected to grow at the highest CAGR of XX% from 2018 to 2030 owing to increasing purchasing power, rising number of households, and growing consumer awareness about advanced products in this region. Increasing trend of nuclear families in this region has led to an increase in the size of houses which would require a corresponding rise in appliances including Side by Side Refrigerator. Moreover, rapid urbanization and industrial growth have led to increased spending on household equipment including refrigerators thus driving the regional market growth over the forecast period.
North America was estimated as one of the largest regional markets for SBS Refrigerator with more than 25 units sold since 2014 till 2017 due high product demand along with presence major manufacturers such as Haier Inc., Electro-Harmonix Holdings LLC, LG Electronics Inc., Samsung Electric Co., Ltd among others The U.
Growth Factors:
- Rising disposable income of consumers: The growth in the disposable income of consumers is one of the key drivers for the side by side refrigerators market. This is because with an increase in disposable income, consumers are able to afford premium products such as side by side refrigerators.
- Increasing demand for energy-efficient appliances: There is a growing demand for energy-efficient appliances, especially among developed countries such as the US and Europe. This is because of rising concerns about climate change and its impact on the environment. Side by side refrigerators are considered to be more energy-efficient than other types of refrigerators, which is driving their demand globally.
- Growing popularity of smart homes: The popularity of smart homes or homes that are connected to the internet is another key driver for the global side by side refrigerator market. With a rise in smart home installations, there has been an increase in demand for connected appliances such as smart TVs and smartphones etc., which also includes connected fridges like those that come with a built-in touchscreen display panel on their doors allowing users to control various functions without having to go into rest mode kitchen area .This trend will continue to drive sales growth for this product category over coming years .
Scope Of The Report
Report Attributes
Report Details
Report Title
Side by Side Refrigerators Market Research Report
By Type
Under 15 cu.ft., 15 - 20 cu.ft., 20 - 25 cu.ft., Above 25 cu.ft.
By Application
Home, Commerical
By Companies
Haier, Whirlpool Corporation, Electrolux, Midea, Samsung, Bosch, LG, Meiling, Panasonic, Arcelik A.S., Sharp
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
159
Number of Tables & Figures
112
Customization Available
Yes, the report can be customized as per your need.
Global Side by Side Refrigerators Market Report Segments:
The global Side by Side Refrigerators market is segmented on the basis of:
Types
Under 15 cu.ft., 15 - 20 cu.ft., 20 - 25 cu.ft., Above 25 cu.ft.
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
Home, Commerical
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:
- Haier
- Whirlpool Corporation
- Electrolux
- Midea
- Samsung
- Bosch
- LG
- Meiling
- Panasonic
- Arcelik A.S.
- Sharp
Highlights of The Side by Side Refrigerators 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:
- Under 15 cu.ft.
- 15 - 20 cu.ft.
- 20 - 25 cu.ft.
- Above 25 cu.ft.
- By Application:
- Home
- Commerical
- 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 Side by Side Refrigerators 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
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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?
Side by side refrigerators are a type of refrigerator that is typically found in the kitchen. They have two doors that open next to each other, which makes it easier to get food inside.
Some of the key players operating in the side by side refrigerators market are Haier, Whirlpool Corporation, Electrolux, Midea, Samsung, Bosch, LG, Meiling, Panasonic, Arcelik A.S., Sharp.
The side by side refrigerators 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 Side by Side Refrigerators 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 Side by Side Refrigerators Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Side by Side Refrigerators 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 Side by Side Refrigerators 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 Side by Side Refrigerators Market Size & Forecast, 2018-2028
4.5.1 Side by Side Refrigerators Market Size and Y-o-Y Growth
4.5.2 Side by Side Refrigerators Market Absolute $ Opportunity
Chapter 5 Global Side by Side Refrigerators 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 Side by Side Refrigerators Market Size Forecast by Type
5.2.1 Under 15 cu.ft.
5.2.2 15 - 20 cu.ft.
5.2.3 20 - 25 cu.ft.
5.2.4 Above 25 cu.ft.
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Side by Side Refrigerators 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 Side by Side Refrigerators Market Size Forecast by Applications
6.2.1 Home
6.2.2 Commerical
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Side by Side Refrigerators 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 Side by Side Refrigerators 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 Side by Side Refrigerators Analysis and Forecast
9.1 Introduction
9.2 North America Side by Side Refrigerators 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 Side by Side Refrigerators Market Size Forecast by Type
9.6.1 Under 15 cu.ft.
9.6.2 15 - 20 cu.ft.
9.6.3 20 - 25 cu.ft.
9.6.4 Above 25 cu.ft.
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 Side by Side Refrigerators Market Size Forecast by Applications
9.10.1 Home
9.10.2 Commerical
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 Side by Side Refrigerators Analysis and Forecast
10.1 Introduction
10.2 Europe Side by Side Refrigerators 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 Side by Side Refrigerators Market Size Forecast by Type
10.6.1 Under 15 cu.ft.
10.6.2 15 - 20 cu.ft.
10.6.3 20 - 25 cu.ft.
10.6.4 Above 25 cu.ft.
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 Side by Side Refrigerators Market Size Forecast by Applications
10.10.1 Home
10.10.2 Commerical
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 Side by Side Refrigerators Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Side by Side Refrigerators 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 Side by Side Refrigerators Market Size Forecast by Type
11.6.1 Under 15 cu.ft.
11.6.2 15 - 20 cu.ft.
11.6.3 20 - 25 cu.ft.
11.6.4 Above 25 cu.ft.
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 Side by Side Refrigerators Market Size Forecast by Applications
11.10.1 Home
11.10.2 Commerical
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 Side by Side Refrigerators Analysis and Forecast
12.1 Introduction
12.2 Latin America Side by Side Refrigerators 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 Side by Side Refrigerators Market Size Forecast by Type
12.6.1 Under 15 cu.ft.
12.6.2 15 - 20 cu.ft.
12.6.3 20 - 25 cu.ft.
12.6.4 Above 25 cu.ft.
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 Side by Side Refrigerators Market Size Forecast by Applications
12.10.1 Home
12.10.2 Commerical
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) Side by Side Refrigerators Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Side by Side Refrigerators 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) Side by Side Refrigerators Market Size Forecast by Type
13.6.1 Under 15 cu.ft.
13.6.2 15 - 20 cu.ft.
13.6.3 20 - 25 cu.ft.
13.6.4 Above 25 cu.ft.
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) Side by Side Refrigerators Market Size Forecast by Applications
13.10.1 Home
13.10.2 Commerical
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 Side by Side Refrigerators Market: Competitive Dashboard
14.2 Global Side by Side Refrigerators Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Haier
14.3.2 Whirlpool Corporation
14.3.3 Electrolux
14.3.4 Midea
14.3.5 Samsung
14.3.6 Bosch
14.3.7 LG
14.3.8 Meiling
14.3.9 Panasonic
14.3.10 Arcelik A.S.
14.3.11 Sharp
