Market Research Report
India Refrigerator Market Outlook, 2026
|India Refrigerator Market Outlook, 2026|
Published: December 30, 2021
Bonafide Research & Marketing Pvt. Ltd.
Content info: 92 Pages
Delivery time: 1-2 business days
The market research report titled 'India Refrigerator Market Outlook, 2026' Published by Bonafide Research identifies and discusses recent developments in the refrigerator market of India. This report not only serves with the facts, figures, and foreseen future but also has a detailed study about the COVID-19 impact on the industry. The consumer durable industry is thriving with the increasing demands of the vast and diverse user base of the country. The sector has one of the important parts of the Indian economy and providing employment to millions of people and also improving the quality of life of people in the country. A refrigerator, popularly known as the fridge, is an electrical appliance that includes a thermally shielded compartment and a heat pump that transfers heat from the inside of the fridge to its external environment. This provides coolness inside the refrigerator by decreasing the temperature below the room temperature. A refrigerator preserves a temperature a few degrees above the water freezing point. The primary reason for having a fridge is to keep food cold. The cold temperature extends the shelf life of food and protects it from bacteria.
According to 'India Refrigerator Market Outlook, 2026', refrigerator sales is expected to grow with a CAGR of more than 11% during forecast periods. India refrigerators market is classify into two product types' i.e. direct cool refrigerator and frost free refrigerator. Frost free refrigerator does not require manual defrosting and on the contrary in direct cool refrigerator manual defrosting is necessitate. Direct cool refrigerators dominate in the Indian market whereas frost free refrigerators are fast fetching popular among urban households. LG, Samsung, Whirlpool, Godrej, Haier, Panasonic and Havells are the major players operating in the Indian refrigerator industry. LG and Samsung are the major two players in the refrigerator market. Strong brand equity, a wide product range from basic single door direct cool refrigerator to large volume Bottom mount freezer, French door to side-by-side door refrigerators is what separates the leading brands from the other market players.
The White good market in India is enormous, and due to the low penetration ratio of white goods like refrigerator and AC as compared to global market it remains unexploited. By demographics region in country rural India is anticipated to witness higher demand for refrigerators and consumer durable goods. The demand growth will accelerate with rising income, rising spending habits and the Government's ambitious plans to invest significantly in rural electrification. Evolution in sales channel i.e. by e-commerce and expansion of modern retail and traditional retailers across regions is anticipated to goad the volume growth. Refrigerators, especially Frost Free, are expected to strong growth in foretell period as many consumers are shifting towards it and compare to low penetration ratio in tier-2, tier-3 and rural direct cool also anticipated to grow. Direct cool segment is governed by LG whereas frost free category is governed by Samsung in India refrigerator market. Region wise, the refrigerator market is divided into south, north, west and east. North region is anticipated to hold the highest share in the India Refrigerator Market.
"India Refrigerator Market Outlook, 2026" examines the following aspects of refrigerator in India:
Initially, refrigerator was considered as an opulence item but increased temperature and rise in disposable income has now made it an obligatory item in for home. Other elements fuelling double digit growth of refrigerators in India are rise in number of nuclear families, easy attainability of credit, evolving lifestyle, introduction of new models, technology expansion and increasing consumer awareness.
The report gives an in-depth understanding of the refrigerator market in India:
This report can be useful to Industry consultants, manufacturers and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.
The information contained in this report is based upon both primary and secondary research. Primary research included interviews with various channel partners of refrigerator in India. Secondary research included an exhaustive search of relevant publications like company annual reports, financial reports and proprietary databases.
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Keywords: India, global, refrigerator, direct, cool, frost, free, Top, Bottom, Freezer, Side-By-Side, French Door, premium, LG, Samsung, Whirlpool, Hitachi, Haier, Godrej, Compressor, Panasonic, Sharp, BSH, BEE, Urban, Rural.
Figure 7:India Refrigerator Market Share By Region