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PUBLISHER: The Business Research Company | PRODUCT CODE: 1217111

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PUBLISHER: The Business Research Company | PRODUCT CODE: 1217111

Household Refrigerators Global Market Report 2023

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PAGES: 175 Pages
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“Household Refrigerators Global Market Report 2023 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on household refrigerators market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

  • Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
  • Understand how the market has been affected by the coronavirus and how it is responding as the impact of the virus abates.
  • Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
  • Measure the impact of high global inflation on market growth.
  • Create regional and country strategies on the basis of local data and analysis.
  • Identify growth segments for investment.
  • Outperform competitors using forecast data and the drivers and trends shaping the market.
  • Understand customers based on the latest market shares.
  • Benchmark performance against key competitors.
  • Suitable for supporting your internal and external presentations with reliable high quality data and analysis
  • Report will be updated with the latest data and delivered to you within 3-5 working days of order along with an Excel data sheet for easy data extraction and analysis.
  • All data from the report will also be delivered in an excel dashboard format.

Where is the largest and fastest growing market for household refrigerators ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The household refrigerators market global report ” from The Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

Scope

Markets Covered:

1) By Type: Single-Door; Double-Door; French-Door; Other Types

2) By Freezer Location: Freezer-on-Top; Freezer-on-Bottom; Freezer-Less

3) By Distribution Channel: Specialty Retailers; Department Stores; Mass Retailers/Hypermarkets/Supermarkets; Discount Stores; Online

4) By Application: Household; Commercial Use; Industrial Use

Companies Mentioned: Electrolux; Haier; LG Electronics; Samsung Electronics; Whirlpool

Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA

Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa

Time series: Five years historic and ten years forecast.

Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,

Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.

Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.

Delivery format: PDF, Word and Excel Data Dashboard.

Executive Summary

Major players in the household refrigerators market are: Electrolux, Haier, LG Electronics, Samsung Electronics, Whirlpool, Hitachi, Bosch, Hisense, Sharp, and Siemens.

The global household refrigerators market is expected to grow from $36.65 billion in 2021 to $36.69 billion in 2022 at a compound annual growth rate (CAGR) of 8.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services effecting many markets across the globe. The household refrigerators market is expected to reach $49.87 billion in 2026 at a CAGR of 5.9%.

The household refrigerator market consists of sales of single-door, double-door, french-door, and other household refrigerators. Values in this market are: 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

Household refrigerator refers to electrical appliances used to preserve food at cold temperatures.

North America was the largest region in the global refrigerators market in 2021. The regions covered in the household refrigerators market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

The main types of household refrigerators market are single-door, double-door, french-door, and others. A single door has been provided with hinges or pivots which is permitting it to swing 90° in one direction only. The distribution channels are specialty retailers, department stores, mass retailers/hypermarkets/supermarkets, discount stores, and online. The freezer locations are freezer-on-top, freezer-on-bottom, and freezer-less. The applications are for household, commercial use, and industrial use.

The increasing consumption of processed food products such as frozen meat, vegetables, and dairy products as well as the change in the dietary habits of consumers is driving the refrigerators market growth. Due to busy lifestyles, consumers are increasingly relying on processed food and prepared meals that require refrigerators for storage. According to Rentokil, the processed food industries are valued at $2 trillion globally. The huge market for processed food products is expected to drive the refrigerators market.

Intense pricing pressure on manufacturers is restraining the growth of the refrigerators market. The market has numerous players competing in terms of price, specifications, and other characteristics. Durable goods such as TV, and freezers are more price elastic than necessities. People are more likely to purchase when there is a reduction in the price of the goods and less likely to purchase when there is a price hike.

Refrigerator manufacturers are implementing technologies such as IoT and embedded sensors in their products to improve overall functionality. Manufacturers are introducing advanced human-machine interface designs in refrigerators and also manufacturing refrigerators that can automatically recognize the type and weight of the food stored in the refrigerators, and adjust and monitor the temperature as per requirement.

In December 2020, Arcelik AS, a turkey-based manufacturer of household appliances acquired Hitachi Global Life Solutions for the amount of $300 million. This acquisition of Hitachi GLS will establish a new company into which it will transfer its global home appliances business outside of Japan. Hitachi is a Japan-based manufacturer.

The countries covered in the household refrigerators market are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA.

The market value is defined as the revenues that enterprises gain from goods and/or services sold within the specified market and geography through sales, grants, or donations in terms of currency (in USD ($) unless otherwise specified).

The revenues for a specified geography are consumption values - that is, they are revenues generated by organizations in the specified geography within the specified market, irrespective of where they are produced. It does not include revenues from resales either further along the supply chain or as part of other products.

The household refrigerators market research report is one of a series of new reports from The Business Research Company that provides household refrigerators market statistics, including household refrigerators industry global market size, regional shares, competitors with a household refrigerators market share, detailed household refrigerators market segments, market trends and opportunities, and any further data you may need to thrive in the household refrigerators industry. This household refrigerators market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Product Code: r2219

Table of Contents

1. Executive Summary

2. Household Refrigerators Market Characteristics

3.Household Refrigerators Market - Macro Economic Scenario

3.1 COVID-19 Impact On Household Refrigerators Market

3.2 Ukraine-Russia War Impact On Household Refrigerators Market

3.3 Impact Of High Inflation On Household Refrigerators Market

4. Household Refrigerators Market Size And Growth

  • 4.1. Global Refrigerators Historic Market, 2017 - 2022, $ Billion
    • 4.1.1. Drivers Of The Market
    • 4.1.2. Restraints On The Market
  • 4.2. Global Refrigerators Forecast Market, 2022 - 2027F, 2032F, $ Billion
    • 4.2.1. Drivers Of The Market
    • 4.2.2. Restraints On the Market

5. Household Refrigerators Market Segmentation

  • 5.1. Global Household Refrigerators Market , Segmentation By Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Single-Door
  • Double-Door
  • French-Door
  • Other Types
  • 5.2. Global Household Refrigerators Market , Segmentation By Distribution Channel, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Specialty Retailers
  • Department Stores
  • Mass Retailers/Hypermarkets/Supermarkets
  • Discount Stores
  • Online
  • 5.3. Global Household Refrigerators Market , Segmentation By Application, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Household
  • Commercial Use
  • Industrial Use
  • 5.4. Global Household Refrigerators Market , Segmentation By Freezer Location, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • Freezer-on-Top
  • Freezer-on-Bottom
  • Freezer-Less

6. Household Refrigerators Market Regional And Country Analysis

  • 6.1. Global Household Refrigerators Market , Split By Region, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
  • 6.2. Global Household Refrigerators Market , Split By Country, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

7. Asia-Pacific Household Refrigerators Market

  • 7.1. Asia-Pacific Household Refrigerators Market Overview
  • 7.2. Asia-Pacific Household Refrigerators Market , Segmentation By Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

8. China Household Refrigerators Market

  • 8.1. China Household Refrigerators Market Overview
  • 8.2. China Household Refrigerators Market , Segmentation By Type, Historic and Forecast, 2017-2022, 2027F, 2032F,$ Billion

9. India Household Refrigerators Market

  • 9.1. India Household Refrigerators Market Overview
  • 9.2. India Household Refrigerators Market , Segmentation By Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

10. Japan Household Refrigerators Market

  • 10.1. Japan Household Refrigerators Market Overview
  • 10.2. Japan Household Refrigerators Market , Segmentation By Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

11. Australia Household Refrigerators Market

  • 11.1. Australia Household Refrigerators Market , Segmentation By Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

12. Indonesia Household Refrigerators Market

  • 12.1. Indonesia Household Refrigerators Market , Segmentation By Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

13. South Korea Household Refrigerators Market

  • 13.1. South Korea Household Refrigerators Market , Segmentation By Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

14. Western Europe Household Refrigerators Market

  • 14.1. Western Europe Household Refrigerators Market Overview
  • 14.2. Western Europe Household Refrigerators Market , Segmentation By Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

15. UK Household Refrigerators Market

  • 15.1. UK Household Refrigerators Market Overview
  • 15.2. UK Household Refrigerators Market , Segmentation By Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

16. Germany Household Refrigerators Market

  • 16.1. Germany Household Refrigerators Market , Segmentation By Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

17. France Household Refrigerators Market

  • 17.3. France Household Refrigerators Market , Segmentation By Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

18. Eastern Europe Household Refrigerators Market

  • 18.1. Eastern Europe Household Refrigerators Market Overview
  • 18.2. Eastern Europe Household Refrigerators Market , Segmentation By Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

19. Russia Household Refrigerators Market

  • 19.1. Russia Household Refrigerators Market , Segmentation By Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

20. North America Household Refrigerators Market

  • 20.1. North America Household Refrigerators Market Overview
  • 20.2. North America Household Refrigerators Market , Segmentation By Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

21. USA Household Refrigerators Market

  • 21.1. USA Household Refrigerators Market Overview
  • 21.2. USA Household Refrigerators Market , Segmentation By Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

22. South America Household Refrigerators Market

  • 22.1. South America Household Refrigerators Market Overview
  • 22.2. South America Household Refrigerators Market , Segmentation By Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

23. Brazil Household Refrigerators Market

  • 23.1. Brazil Household Refrigerators Market , Segmentation By Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

24. Middle East Household Refrigerators Market

  • 24.1. Middle East Household Refrigerators Market Overview
  • 24.2. Middle East Household Refrigerators Market , Segmentation By Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

25. Africa Household Refrigerators Market

  • 25.1. Africa Household Refrigerators Market Overview
  • 25.2. Africa Household Refrigerators Market , Segmentation By Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

26. Household Refrigerators Market Competitive Landscape And Company Profiles

  • 26.1. Household Refrigerators Market Competitive Landscape
  • 26.2. Household Refrigerators Market Company Profiles
    • 26.2.1. Electrolux
      • 26.2.1.1. Overview
      • 26.2.1.2. Products and Services
      • 26.2.1.3. Strategy
      • 26.2.1.4. Financial Performance
    • 26.2.2. Haier
      • 26.2.2.1. Overview
      • 26.2.2.2. Products and Services
      • 26.2.2.3. Strategy
      • 26.2.2.4. Financial Performance
    • 26.2.3. LG Electronics
      • 26.2.3.1. Overview
      • 26.2.3.2. Products and Services
      • 26.2.3.3. Strategy
      • 26.2.3.4. Financial Performance
    • 26.2.4. Samsung Electronics
      • 26.2.4.1. Overview
      • 26.2.4.2. Products and Services
      • 26.2.4.3. Strategy
      • 26.2.4.4. Financial Performance
    • 26.2.5. Whirlpool
      • 26.2.5.1. Overview
      • 26.2.5.2. Products and Services
      • 26.2.5.3. Strategy
      • 26.2.5.4. Financial Performance

27. Key Mergers And Acquisitions In The Household Refrigerators Market

28. Household Refrigerators Market Trends And Strategies

29. Household Refrigerators Market Future Outlook and Potential Analysis

30. Appendix

  • 30.1. Abbreviations
  • 30.2. Currencies
  • 30.3. Historic And Forecast Inflation Rates
  • 30.4. Research Inquiries
  • 30.5. The Business Research Company
  • 30.6. Copyright And Disclaimer
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