Market Overview:
Refrigerators are one of the most commonly used appliances in both residential and commercial settings. The global refrigerators market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in this market can be attributed to the increasing demand for energy-efficient refrigerators, rising disposable income, and growing urbanization. The global refrigerator market can be segmented by type, application, and region. By type, the market can be divided into single door refrigerators, double-door refrigerators, three-door refrigerators, and others. Single door refrigerators are the most popular type of refrigerator due to their low price point and small size. They are mainly used in residential applications. Double-door refrigerators are larger than single door models and are more popular in commercial settings such as restaurants and hotels. Three-door models offer more storage space than double door units and are becoming increasingly popular in both residential and commercial applications. By application, the refrigerator market can be segmented into residential and commercial segments. Residential applications include homes, apartments,, dormitories etc., while Commercial applications include restaurants,, hospitals etc,. Geographically,,the global refrigerator market is segmented into North America,, Latin America,, Europe,,,, Asia Pacific,,,,and Middle East & Africa,. In terms of revenue,.
Product Definition:
A refrigerator is a household appliance that maintains a low temperature by using compressor-powered vapor refrigeration. The compressor pumps refrigerant around the unit, cooling the gas and condensing it into liquid. This liquid is then circulated through coils in the freezer and fridge compartments, extracting heat from food stored inside and reducing its temperature below that of the surrounding air.
Single Door Refrigerators:
Single door refrigerators are smaller in size as compared to double door and triple door refrigerator. They have one main compartment with a separate shelf inside the refrigerator. These types of refrigerators are mostly used for storing food products such as vegetables, fruits, dairy items and eggs which require low temperature range for their durability.
Increasing demand for single door refrigerators is attributed to its benefits such as compact design that saves space.
Double-door Refrigerators:
Double door refrigerators are the ones having two doors on the right and left side of the refrigerator. These types of refrigerators can be used for storing fresh food as well as frozen products simultaneously. The advantage associated with this type is that both doors can be opened at once, which gives an opportunity to carry more load at one time.
These types of refrigerators are available in different sizes and have various features incorporated in them depending upon consumer requirements.
Application Insights:
The commercial application segment held the largest share of over 70.0% in 2017. The growth can be attributed to the increasing number of hypermarkets, supermarkets and retail stores across the globe. In addition, growing penetration of these appliances in hotels and restaurants is expected to drive demand for domestic refrigerators as well as foreign brands over the forecast period.
The residential application segment is expected to register a CAGR of XX% from 2018 to 2030 owing to rising purchasing power among consumers globally who are increasingly opting for energy-efficient products with lower operational costs coupled with improved aesthetics at home or at work places respectively.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to increasing product penetration and rising demand for small & medium-sized refrigerators. Moreover, rapid urbanization in developing countries such as India, China, Indonesia, Malaysia has been fueling the demand for household appliances including refrigerators.
North America is projected to witness significant growth over the forecast period owing to increased spending on home renovations by consumers across U.S., Canada & Mexico.
Europe was valued at USD X billion in 2017.
Growth Factors:
- Rising disposable income of consumers in developing countries is expected to drive the demand for refrigerators over the forecast period.
- Increasing urbanization and growing number of nuclear families are also anticipated to boost the market growth.
- Technological advancements such as introduction of smart refrigerators with internet connectivity and other features are projected to fuel the demand for these appliances in near future.
- Growing awareness about energy efficiency among consumers is likely to propel the sales of eco-friendly refrigerators in coming years
- Proliferation of supermarkets and hypermarkets, which offer a wide variety of cold food items, is anticipated to create new opportunities for refrigerator manufacturers
Scope Of The Report
Report Attributes
Report Details
Report Title
Refrigerators Market Research Report
By Type
Single Door Refrigerators, Double-door Refrigerators, Three-door Refrigerators, Others
By Application
Residential, Commercial
By Companies
Haier, LG Electronics, Samsung Electronics, Whirlpool, Siemens, Midea, Electrolux, Roshen, Robert Bosch, BSH, Pansonic, Sharp, Arcelik, Hisense, Meiling, Xinfei, TCL, Godrej, Hitachi, Miele, Mitsubishi Electric, Toshiba
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
238
Number of Tables & Figures
167
Customization Available
Yes, the report can be customized as per your need.
Global Refrigerators Market Report Segments:
The global Refrigerators market is segmented on the basis of:
Types
Single Door Refrigerators, Double-door Refrigerators, Three-door Refrigerators, 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
Residential, Commercial
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
- LG Electronics
- Samsung Electronics
- Whirlpool
- Siemens
- Midea
- Electrolux
- Roshen
- Robert Bosch
- BSH
- Pansonic
- Sharp
- Arcelik
- Hisense
- Meiling
- Xinfei
- TCL
- Godrej
- Hitachi
- Miele
- Mitsubishi Electric
- Toshiba
Highlights of The 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:
- Single Door Refrigerators
- Double-door Refrigerators
- Three-door Refrigerators
- Others
- By Application:
- Residential
- Commercial
- 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 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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- Consumer Insights
- Understanding Competition Scenario
- Product & Brand 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?
Refrigerators are a type of appliance that helps to keep food cold.
Some of the major players in the refrigerators market are Haier, LG Electronics, Samsung Electronics, Whirlpool, Siemens, Midea, Electrolux, Roshen, Robert Bosch, BSH, Pansonic, Sharp, Arcelik, Hisense, Meiling, Xinfei, TCL, Godrej, Hitachi, Miele, Mitsubishi Electric, Toshiba.
The refrigerators market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Refrigerators 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. Refrigerators Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Refrigerators Market - Supply Chain
4.5. Global Refrigerators Market Forecast
4.5.1. Refrigerators Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Refrigerators Market Size (000 Units) and Y-o-Y Growth
4.5.3. Refrigerators Market Absolute $ Opportunity
5. Global Refrigerators 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. Refrigerators Market Size and Volume Forecast by Type
5.3.1. Single Door Refrigerators
5.3.2. Double-door Refrigerators
5.3.3. Three-door Refrigerators
5.3.4. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Refrigerators 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. Refrigerators Market Size and Volume Forecast by Application
6.3.1. Residential
6.3.2. Commercial
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Refrigerators 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. Refrigerators 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 Refrigerators 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. Refrigerators 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 Refrigerators Demand Share Forecast, 2019-2026
9. North America Refrigerators 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 Refrigerators 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 Refrigerators Market Size and Volume Forecast by Application
9.4.1. Residential
9.4.2. Commercial
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Refrigerators Market Size and Volume Forecast by Type
9.7.1. Single Door Refrigerators
9.7.2. Double-door Refrigerators
9.7.3. Three-door Refrigerators
9.7.4. Others
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 Refrigerators Demand Share Forecast, 2019-2026
10. Latin America Refrigerators 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 Refrigerators 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 Refrigerators Market Size and Volume Forecast by Application
10.4.1. Residential
10.4.2. Commercial
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Refrigerators Market Size and Volume Forecast by Type
10.7.1. Single Door Refrigerators
10.7.2. Double-door Refrigerators
10.7.3. Three-door Refrigerators
10.7.4. Others
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 Refrigerators Demand Share Forecast, 2019-2026
11. Europe Refrigerators 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 Refrigerators 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 Refrigerators Market Size and Volume Forecast by Application
11.4.1. Residential
11.4.2. Commercial
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Refrigerators Market Size and Volume Forecast by Type
11.7.1. Single Door Refrigerators
11.7.2. Double-door Refrigerators
11.7.3. Three-door Refrigerators
11.7.4. Others
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth rojections 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 Refrigerators Demand Share, 2019-2026
12. Asia Pacific Refrigerators 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 Refrigerators 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 Refrigerators Market Size and Volume Forecast by Application
12.4.1. Residential
12.4.2. Commercial
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Refrigerators Market Size and Volume Forecast by Type
12.7.1. Single Door Refrigerators
12.7.2. Double-door Refrigerators
12.7.3. Three-door Refrigerators
12.7.4. Others
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 Refrigerators Demand Share, 2019-2026
13. Middle East & Africa Refrigerators 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 Refrigerators 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 Refrigerators Market Size and Volume Forecast by Application
13.4.1. Residential
13.4.2. Commercial
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Refrigerators Market Size and Volume Forecast by Type
13.7.1. Single Door Refrigerators
13.7.2. Double-door Refrigerators
13.7.3. Three-door Refrigerators
13.7.4. Others
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 Refrigerators Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Refrigerators Market: Market Share Analysis
14.2. Refrigerators Distributors and Customers
14.3. Refrigerators Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Haier
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 Electronics
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Samsung Electronics
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Whirlpool
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Siemens
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Midea
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Electrolux
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Roshen
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Robert Bosch
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. BSH
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Pansonic
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Sharp
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Arcelik
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Hisense
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Meiling
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Xinfei
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. TCL
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Godrej
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. Hitachi
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. Miele
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
