Market Research Report
North America Refrigerator Market 2020-2026
|North America Refrigerator Market 2020-2026|
Published: December 11, 2020
Orion Market Research Pvt Ltd
Delivery time: 2-3 business days
North America 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 North America refrigerator market is anticipated to grow at a CAGR of 5.5% during the forecast period. The growth of the market is influenced by the increasing consumer demand for advanced and internet-connected household appliances. Additionally, the high disposable income coupled with the increasing replacement demands will also cater to the growth of the market. Moreover, the high consumption of frozen food including meat products are presenting new growth opportunities to the market in the region.
The North America 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 a residential and commercial segment. Residential will witness a significant growth during the forecast period. Further, based on the distribution channel the market is sub-segmented into the online channel and offline channel. Online channel is expected to witness a lucrative growth during the forecast period.
The key players of the North America Refrigerator market include Electrolux AB, General Electric Co., Haier Group Corp., Samsung Electronics Co. Ltd., Robert Bosch GmbH, Whirlpool Corp., and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers, & acquisitions, collaborations, and new product launches to stay competitive in the market. For instance, in January 2020, Samsung Electronics launched the latest edition of the Family Hub refrigerator. The refrigerator has AI-enabled cameras inside with AI assistance.
The market study of the North America 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 as to bring more authenticity to the reports.
Secondary Sources Include:
The report is intended for refrigerator manufacturers & distributors, consumer electronics companies, 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: