Market Research Report
Asia-Pacific Refrigerator Market 2020-2026
|Asia-Pacific Refrigerator Market 2020-2026|
Published: December 11, 2020
Orion Market Research Pvt Ltd
Delivery time: 2-3 business days
Asia-Pacific Refrigerator Market Size, Share & Trends Analysis Report By Product Type (Single Door, Double Door, Side by Side Door, French Door and Other), By Application (Residential and Commercial), By Distribution Channel (Online Channel and Offline Channel), Forecast Period (2020-2026)
The Asia-Pacific refrigerator market is anticipated to grow at a CAGR of 7.0% during the forecast period. Increasing the urban population, increasing disposable income, and raising brand awareness are a few of the prominent factors that are aiding the growth of the market across the region. Moreover, significant new launches of connected refrigerators and expansions have been registered in the region by the market players. For instance, in May 2020, Xiaomi Corp. has launched three new refrigerators including a dual-directional dual door refrigerator, a single-directional dual door refrigerator, and a triple door refrigerator through its Smart Home Appliances division.
The Asia-Pacific refrigerator market is segmented based on product type, application, and distribution channels. Based on the product type, the market is sub-segmented into a single door, double door, side by side door, French door, and other. Based on the application, the market is sub-segmented into residential and commercial. Moreover, based on the distribution channel the market is sub-segmented into the online channel and offline channel. Based on geography, the market is further divided into China, Japan, India, and the Rest of Asia Pacific.
The key players of the Asia-Pacific refrigerator market include Haier Group Corp., Whirlpool Corp., LG Electronics Co. Ltd., Samsung Electronics Co. Ltd., and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers, and acquisitions, collaborations, new products, and expansion to stay competitive in the market. For instance, in September 2020, Samsung Electronics Co. Ltd. launched four new models under the Curd Maestro refrigerator range across the Indian market.
The market study of the Asia-Pacific refrigerator market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to breakdown the market into various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts to bring more authenticity to the reports.
Secondary Sources Include:
The report is intended for refrigerator manufacturers & distributors, consumer appliance companies, start-ups, venture capitalists, seed funders, research organizations, and other related organizations for overall market analysis and competitive analysis. The report provides an in-depth analysis of market size, products offered by the companies, and future market opportunities. The report will serve as a source for a 360-degree analysis of the market thoroughly delivering insights into the market for making better business decisions.
The Report Covers: