Market Overview:
The global household refrigerators and freezers market is expected to grow at a CAGR of 5.5% during the forecast period 2018-2030. The growth in this market can be attributed to the increasing demand for energy-efficient appliances, rising disposable income, and growing urbanization. In terms of type, the deep freezer segment is expected to lead the global household refrigerators and freezers market during the forecast period. This can be attributed to their low power consumption as compared to other types of refrigerators and freezers.
Product Definition:
A household refrigerator is a large appliance used to store perishable food and drinks. It keeps food cold by circulating cool air around it. A household freezer is a large appliance used to store frozen food and drinks.
Deep Freezers:
Deep freezers are used to store products that have a low or no shelf life. These include meat, fish, vegetables and fruits. The temperature of these products needs to be below the freezing point for preservation purposes. Deep freezers operate on different principles than regular refrigerators and are capable of maintaining extremely low temperatures inside its compartments.
The growth factor in the market is increasing awareness among people regarding energy efficiency appliances coupled with technological advancements in terms of design.
Low & Medium-End Refrigerators:
Refrigerators and freezers are appliances used to store food and other items at a temperature below or above freezing point. The working principle of these devices is based on the cooling effect created by evaporation of water from the stored products. Refrigeration technology has evolved over time with improved designs, energy-efficient systems, increased storage space, and advanced features such as automatic defrost, adjustable shelves in refrigerators & freezers among others.
Application Insights:
The online sales segment dominated the global market in 2017. This can be attributed to the growing internet penetration and rising disposable income levels across countries, such as China, India and Brazil. The offline sales segment is expected to witness a CAGR of XX% from 2018 to 2030 owing to various factors such as increasing urbanization along with industrial growth in developing countries like China, India and Brazil. These refrigerators are majorly sold through retail stores or direct sale by manufacturers through showrooms or dealerships.
Manufacturers are also focusing on providing customized products according to consumer requirements which is boosting product demand globally since 2015-16 seasonally adjusted (SA).
Regional Analysis:
North America dominated the global market in 2017. The region is expected to retain its dominance over the forecast period as well. This can be attributed to increasing online and offline sales of household refrigerators & freezers in the U.S., Canada, and Mexico. Moreover, rising penetration of smart connected devices coupled with high internet penetration rate is further anticipated to drive growth over the next eight 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 household refrigerators and freezers.
- Urbanization: There is a shift towards urbanization, which is leading to an increase in demand for household refrigerators and freezers.
- Proliferation of supermarkets and retail stores: The proliferation of supermarkets and retail stores is aiding the growth of the market for household refrigerators and freezers.
- Technological advancements: There are continuous technological advancements taking place in the market for household refrigerators and freezers, which is aiding their growth significantly. 5
Scope Of The Report
Report Attributes
Report Details
Report Title
Household Refrigerators & Freezers Market Research Report
By Type
Deep Freezers, Low & Medium-End Refrigerators, High-End Refrigerators
By Application
Online Sales, Offline Sales
By Companies
Samsung Electronics, LG Corporation, Haier Group, AB Electrolux, Whirlpool
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
236
Number of Tables & Figures
166
Customization Available
Yes, the report can be customized as per your need.
Global Household Refrigerators & Freezers Market Report Segments:
The global Household Refrigerators & Freezers market is segmented on the basis of:
Types
Deep Freezers, 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
Online Sales, Offline Sales
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:
- Samsung Electronics
- LG Corporation
- Haier Group
- AB Electrolux
- Whirlpool
Highlights of The Household Refrigerators & Freezers 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:
- Deep Freezers
- Low & Medium-End Refrigerators
- High-End Refrigerators
- By Application:
- Online Sales
- Offline Sales
- 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 Household Refrigerators & Freezers 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?
Household refrigerators and freezers are appliances used to store food. They come in different shapes and sizes, can be powered by electricity or gas, and have a number of features, such as adjustable temperature controls.
Some of the major companies in the household refrigerators & freezers market are Samsung Electronics, LG Corporation, Haier Group, AB Electrolux, Whirlpool.
The household refrigerators & freezers market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Household Refrigerators & Freezers Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Household Refrigerators & Freezers Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Household Refrigerators & Freezers Market - Supply Chain
4.5. Global Household Refrigerators & Freezers Market Forecast
4.5.1. Household Refrigerators & Freezers Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Household Refrigerators & Freezers Market Size (000 Units) and Y-o-Y Growth
4.5.3. Household Refrigerators & Freezers Market Absolute $ Opportunity
5. Global Household Refrigerators & Freezers Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Household Refrigerators & Freezers Market Size and Volume Forecast by Type
5.3.1. Deep Freezers
5.3.2. Low & Medium-End Refrigerators
5.3.3. High-End Refrigerators
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Household Refrigerators & Freezers Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Household Refrigerators & Freezers Market Size and Volume Forecast by Application
6.3.1. Online Sales
6.3.2. Offline Sales
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Household Refrigerators & Freezers Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Household Refrigerators & Freezers Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Household Refrigerators & Freezers Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Household Refrigerators & Freezers Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Household Refrigerators & Freezers Demand Share Forecast, 2019-2026
9. North America Household Refrigerators & Freezers Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Household Refrigerators & Freezers Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Household Refrigerators & Freezers Market Size and Volume Forecast by Application
9.4.1. Online Sales
9.4.2. Offline Sales
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Household Refrigerators & Freezers Market Size and Volume Forecast by Type
9.7.1. Deep Freezers
9.7.2. Low & Medium-End Refrigerators
9.7.3. High-End Refrigerators
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Household Refrigerators & Freezers Demand Share Forecast, 2019-2026
10. Latin America Household Refrigerators & Freezers Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Household Refrigerators & Freezers Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Household Refrigerators & Freezers Market Size and Volume Forecast by Application
10.4.1. Online Sales
10.4.2. Offline Sales
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Household Refrigerators & Freezers Market Size and Volume Forecast by Type
10.7.1. Deep Freezers
10.7.2. Low & Medium-End Refrigerators
10.7.3. High-End Refrigerators
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Household Refrigerators & Freezers Demand Share Forecast, 2019-2026
11. Europe Household Refrigerators & Freezers Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Household Refrigerators & Freezers Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Household Refrigerators & Freezers Market Size and Volume Forecast by Application
11.4.1. Online Sales
11.4.2. Offline Sales
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Household Refrigerators & Freezers Market Size and Volume Forecast by Type
11.7.1. Deep Freezers
11.7.2. Low & Medium-End Refrigerators
11.7.3. High-End Refrigerators
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Household Refrigerators & Freezers Demand Share, 2019-2026
12. Asia Pacific Household Refrigerators & Freezers Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Household Refrigerators & Freezers Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Household Refrigerators & Freezers Market Size and Volume Forecast by Application
12.4.1. Online Sales
12.4.2. Offline Sales
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Household Refrigerators & Freezers Market Size and Volume Forecast by Type
12.7.1. Deep Freezers
12.7.2. Low & Medium-End Refrigerators
12.7.3. High-End Refrigerators
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Household Refrigerators & Freezers Demand Share, 2019-2026
13. Middle East & Africa Household Refrigerators & Freezers Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Household Refrigerators & Freezers Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Household Refrigerators & Freezers Market Size and Volume Forecast by Application
13.4.1. Online Sales
13.4.2. Offline Sales
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Household Refrigerators & Freezers Market Size and Volume Forecast by Type
13.7.1. Deep Freezers
13.7.2. Low & Medium-End Refrigerators
13.7.3. High-End Refrigerators
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Household Refrigerators & Freezers Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Household Refrigerators & Freezers Market: Market Share Analysis
14.2. Household Refrigerators & Freezers Distributors and Customers
14.3. Household Refrigerators & Freezers Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Samsung Electronics
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. LG Corporation
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Haier Group
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. AB Electrolux
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Whirlpool
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. COMPANY6
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. COMPANY7
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. COMPANY8
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
