According to Precedence Research, the household refrigerators and freezers market was valued at approximately USD 90.4 billion in 2021, and it is expected to witness a revenue of USD 124.6 billion in 2030, with a CAGR of 3.6% from 2021 to 2030.
The report contains 150+ pages with detailed analysis. The base year for the study has been considered 2021, the historic year 2017 to 2020, the forecast period considered is from 2021 to 2030. The report offers exclusive insights to help companies make informed decisions to sustain growth through the assessment period.
The global household refrigerators and freezers market is driven by certain factors such as growing consumer expenditure on home improvement goods, increasing demand for the smart technological home appliances, growing popularity of energy efficient appliances and machines, rising disposable income, and need for storing various food items for a longer time. The various discounts and promotional activities by the supermarkets and hypermarkets and online groceries that occasionally offers fruits, vegetables, and other items on huge discounts propels the customers to make a bulk purchase. Therefore, there is an increased need for storing these fruits and vegetables arises that boosts the demand for the household refrigerators and freezers.
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Scope of the Household Refrigerators and Freezers Market
| Report Highlights | Details |
| Market Size | USD 124.6 Billion by 2030 |
| Growth Rate | CAGR of 3.6% From 2021 to 2030 |
| Largest Market | North America |
| Fastest Growing Market | Asia Pacific |
| Base Year | 2021 |
| Forecast Period | 2021 to 2030 |
| By Distribution Channel |
|
Factors, such as a rise in disposable incomes, the growing trend of nuclear families, and the increasing consumption of frozen food, are driving the market growth. Integration of state-of-the-art features with the help of disruptive digital technologies, such as the Internet of Things (IoT), digital temperature control system, and Artificial Intelligence (AI), has enabled the global market to grow exponentially over the last decade.
The strong competition among leading manufacturers has resulted in heavy R&D investments to develop technologically advanced and size-compatible refrigerators.
While the COVID-19 pandemic has reduced the frequency of purchases made from traditional, brick-and-mortar retail shops, the demand for online refrigerators and freezers delivery has considerably increased.
Temporary shutdowns of production plants, limited accessibility to parts & components, constrained labor supply, and additional supply chain-related issues were some of the major challenges faced by most of the market players during the initial months of 2021.
However, the end of lockdown is anticipated to bring substantially higher buyer traffic, particularly through e-commerce channels.
Key insights from the report include:
- Rising demand for a comfortable position for closing and opening doors along with technically advanced flexible storage options would drive industry demand.
- U.S. household refrigerators and freezers market share represented the majority of the North American demand in 2021. Increasing disposable income and requirements for energy efficient products is likely to generate considerable sales in the region.
- Key competitors in household refrigerators and freezers industry include Robert Bosch GmbH, Dacor, Inc., Philips Electronics, Whirlpool Corporation, Samsung, AB Electrolux, LG lectronics, Dover Corporation, Godrej Industries Ltd., Liebherr Group, Panasonic Corporation
- The industry participants are focusing on expanded product portfolio emphasizing on quality and more features. U.S. companies are shifting towards Africa and Asia Pacific to target quicker growth in these potential regions.
Competitive Intelligence
The report provides an understanding of the market composition and explains the role of established players and regional contributors. It is essential for the market players to make calculative moves and focus on client acquisition and retention. The detailed company profiles will provide the necessary intelligence to the reader. In order to maintain their share, the market players are focusing on strategies such as cross-border expansion, product differentiation and so on.
Some of the prominent players in the global household refrigerators and freezers market are listed as below:
- Robert Bosch GmbH
- Dacor, Inc.
- Philips Electronics
- Whirlpool Corporation
- Samsung
- AB Electrolux
- LG lectronics
- Dover Corporation
- Godrej Industries Ltd.
- Liebherr Group
- Panasonic Corporation
Segments Covered in the Report
By Door Type
- Double Door
- French Door
- Top Mounted
- Side by Side
- Single Door
By Structure
- Built-in
- Freestanding
By Distribution Channel
- Supermarkets/Hypermarkets
- Specialty Stores
- E-commerce
- Others
Regional Segmentation
– North America (U.S. and Canada)
– Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
– Asia-Pacific (China, Japan, India, Southeast Asia and Rest of APAC)
– Latin America (Brazil and Rest of Latin America)
– Middle East and Africa (GCC, North Africa, South Africa, Rest of MEA)
TABLE OF CONTENT
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. COVID 19 Impact on Household Refrigerators and Freezers Market
5.1. COVID-19 Landscape: Household Refrigerators and Freezers Industry Impact
5.2. COVID 19 – Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
Chapter 6. Market Dynamics Analysis and Trends
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
Chapter 7. Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
Chapter 8. Global Household Refrigerators and Freezers Market, By Door
8.1. Household Refrigerators and Freezers Market, by Door Type, 2021-2030
8.1.1. Double Door
8.1.1.1. Market Revenue and Forecast (2019-2030)
8.1.2. French Door
8.1.2.1. Market Revenue and Forecast (2019-2030)
8.1.3. Top Mounted
8.1.3.1. Market Revenue and Forecast (2019-2030)
8.1.4. Side by Side
8.1.4.1. Market Revenue and Forecast (2019-2030)
8.1.5. Single Door
8.1.5.1. Market Revenue and Forecast (2019-2030)
Chapter 9. Global Household Refrigerators and Freezers Market, By Structure
9.1. Household Refrigerators and Freezers Market, by Structure, 2021-2030
9.1.1. Built-in
9.1.1.1. Market Revenue and Forecast (2019-2030)
9.1.2. Freestanding
9.1.2.1. Market Revenue and Forecast (2019-2030)
Chapter 10. Global Household Refrigerators and Freezers Market, By Distribution Channel
10.1. Household Refrigerators and Freezers Market, by Distribution Channel, 2021-2030
10.1.1. Supermarkets/Hypermarkets
10.1.1.1. Market Revenue and Forecast (2019-2030)
10.1.2. Specialty Stores
10.1.2.1. Market Revenue and Forecast (2019-2030)
10.1.3. E-commerce
10.1.3.1. Market Revenue and Forecast (2019-2030)
10.1.4. Others
10.1.4.1. Market Revenue and Forecast (2019-2030)
Chapter 11. Global Household Refrigerators and Freezers Market, Regional Estimates and Trend Forecast
11.1. North America
11.1.1. Market Revenue and Forecast, by Door (2019-2030)
11.1.2. Market Revenue and Forecast, by Structure (2019-2030)
11.1.3. Market Revenue and Forecast, by Distribution Channel (2019-2030)
11.1.4. U.S.
11.1.4.1. Market Revenue and Forecast, by Door (2019-2030)
11.1.4.2. Market Revenue and Forecast, by Structure (2019-2030)
11.1.4.3. Market Revenue and Forecast, by Distribution Channel (2019-2030)
11.1.5. Rest of North America
11.1.5.1. Market Revenue and Forecast, by Door (2019-2030)
11.1.5.2. Market Revenue and Forecast, by Structure (2019-2030)
11.1.5.3. Market Revenue and Forecast, by Distribution Channel (2019-2030)
11.2. Europe
11.2.1. Market Revenue and Forecast, by Door (2019-2030)
11.2.2. Market Revenue and Forecast, by Structure (2019-2030)
11.2.3. Market Revenue and Forecast, by Distribution Channel (2019-2030)
11.2.4. UK
11.2.4.1. Market Revenue and Forecast, by Door (2019-2030)
11.2.4.2. Market Revenue and Forecast, by Structure (2019-2030)
11.2.4.3. Market Revenue and Forecast, by Distribution Channel (2019-2030)
11.2.5. Germany
11.2.5.1. Market Revenue and Forecast, by Door (2019-2030)
11.2.5.2. Market Revenue and Forecast, by Structure (2019-2030)
11.2.5.3. Market Revenue and Forecast, by Distribution Channel (2019-2030)
11.2.6. France
11.2.6.1. Market Revenue and Forecast, by Door (2019-2030)
11.2.6.2. Market Revenue and Forecast, by Structure (2019-2030)
11.2.6.3. Market Revenue and Forecast, by Distribution Channel (2019-2030)
11.2.7. Rest of Europe
11.2.7.1. Market Revenue and Forecast, by Door (2019-2030)
11.2.7.2. Market Revenue and Forecast, by Structure (2019-2030)
11.2.7.3. Market Revenue and Forecast, by Distribution Channel (2019-2030)
11.3. APAC
11.3.1. Market Revenue and Forecast, by Door (2019-2030)
11.3.2. Market Revenue and Forecast, by Structure (2019-2030)
11.3.3. Market Revenue and Forecast, by Distribution Channel (2019-2030)
11.3.4. India
11.3.4.1. Market Revenue and Forecast, by Door (2019-2030)
11.3.4.2. Market Revenue and Forecast, by Structure (2019-2030)
11.3.4.3. Market Revenue and Forecast, by Distribution Channel (2019-2030)
11.3.5. China
11.3.5.1. Market Revenue and Forecast, by Door (2019-2030)
11.3.5.2. Market Revenue and Forecast, by Structure (2019-2030)
11.3.5.3. Market Revenue and Forecast, by Distribution Channel (2019-2030)
11.3.6. Japan
11.3.6.1. Market Revenue and Forecast, by Door (2019-2030)
11.3.6.2. Market Revenue and Forecast, by Structure (2019-2030)
11.3.6.3. Market Revenue and Forecast, by Distribution Channel (2019-2030)
11.3.7. Rest of APAC
11.3.7.1. Market Revenue and Forecast, by Door (2019-2030)
11.3.7.2. Market Revenue and Forecast, by Structure (2019-2030)
11.3.7.3. Market Revenue and Forecast, by Distribution Channel (2019-2030)
11.4. MEA
11.4.1. Market Revenue and Forecast, by Door (2019-2030)
11.4.2. Market Revenue and Forecast, by Structure (2019-2030)
11.4.3. Market Revenue and Forecast, by Distribution Channel (2019-2030)
11.4.4. GCC
11.4.4.1. Market Revenue and Forecast, by Door (2019-2030)
11.4.4.2. Market Revenue and Forecast, by Structure (2019-2030)
11.4.4.3. Market Revenue and Forecast, by Distribution Channel (2019-2030)
11.4.5. North Africa
11.4.5.1. Market Revenue and Forecast, by Door (2019-2030)
11.4.5.2. Market Revenue and Forecast, by Structure (2019-2030)
11.4.5.3. Market Revenue and Forecast, by Distribution Channel (2019-2030)
11.4.6. South Africa
11.4.6.1. Market Revenue and Forecast, by Door (2019-2030)
11.4.6.2. Market Revenue and Forecast, by Structure (2019-2030)
11.4.6.3. Market Revenue and Forecast, by Distribution Channel (2019-2030)
11.4.7. Rest of MEA
11.4.7.1. Market Revenue and Forecast, by Door (2019-2030)
11.4.7.2. Market Revenue and Forecast, by Structure (2019-2030)
11.4.7.3. Market Revenue and Forecast, by Distribution Channel (2019-2030)
11.5. Latin America
11.5.1. Market Revenue and Forecast, by Door (2019-2030)
11.5.2. Market Revenue and Forecast, by Structure (2019-2030)
11.5.3. Market Revenue and Forecast, by Distribution Channel (2019-2030)
11.5.4. Brazil
11.5.4.1. Market Revenue and Forecast, by Door (2019-2030)
11.5.4.2. Market Revenue and Forecast, by Structure (2019-2030)
11.5.4.3. Market Revenue and Forecast, by Distribution Channel (2019-2030)
11.5.5. Rest of LATAM
11.5.5.1. Market Revenue and Forecast, by Door (2019-2030)
11.5.5.2. Market Revenue and Forecast, by Structure (2019-2030)
11.5.5.3. Market Revenue and Forecast, by Distribution Channel (2019-2030)
Chapter 12. Company Profiles
12.1. Robert Bosch GmbH
12.1.1. Company Overview
12.1.2. Product Offerings
12.1.3. Financial Performance
12.1.4. Recent Initiatives
12.2. Dacor, Inc.
12.2.1. Company Overview
12.2.2. Product Offerings
12.2.3. Financial Performance
12.2.4. Recent Initiatives
12.3. Philips Electronics
12.3.1. Company Overview
12.3.2. Product Offerings
12.3.3. Financial Performance
12.3.4. Recent Initiatives
12.4. Whirlpool Corporation
12.4.1. Company Overview
12.4.2. Product Offerings
12.4.3. Financial Performance
12.4.4. Recent Initiatives
12.5. Samsung
12.5.1. Company Overview
12.5.2. Product Offerings
12.5.3. Financial Performance
12.5.4. Recent Initiatives
12.6. AB Electrolux
12.6.1. Company Overview
12.6.2. Product Offerings
12.6.3. Financial Performance
12.6.4. Recent Initiatives
12.7. LG lectronics
12.7.1. Company Overview
12.7.2. Product Offerings
12.7.3. Financial Performance
12.7.4. Recent Initiatives
12.8. Dover Corporation
12.8.1. Company Overview
12.8.2. Product Offerings
12.8.3. Financial Performance
12.8.4. Recent Initiatives
12.9. Godrej Industries Ltd.
12.9.1. Company Overview
12.9.2. Product Offerings
12.9.3. Financial Performance
12.9.4. Recent Initiatives
12.10. Liebherr Group
12.10.1. Company Overview
12.10.2. Product Offerings
12.10.3. Financial Performance
12.10.4. Recent Initiatives
12.11. Panasonic Corporation
12.11.1. Company Overview
12.11.2. Product Offerings
12.11.3. Financial Performance
12.11.4. Recent Initiatives
Chapter 13. Research Methodology
13.1. Primary Research
13.2. Secondary Research
13.3. Assumptions
Chapter 14. Appendix
14.1. About Us
14.2. Glossary of Terms
Why should you invest in this report?
If you are aiming to enter the global household refrigerators and freezers market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for household refrigerators and freezers are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2021-2030 so that you can plan your strategies to enter this market accordingly.
Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.
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