The global household refrigerator market is expected to reach USD 196,735.34 million by 2031 from USD 124,797.93 million in 2023, growing at a CAGR of 5.9% during the forecast period of 2024 to 2031.
Market Segmentation
Global Household Refrigerator Market, By Type (Top Freezer Refrigerator, French Door Refrigerator, Bottom Freezer Refrigerator, Side-By-Side Refrigerator, Counter-Depth Refrigerator, and Mini Fridge), Cooling Technology (Compressor Refrigerators, Solar Refrigerators, Acoustic Refrigerators, Magnetic Refrigerators, and Others), Deployment Type (Free-Standing Refrigerators, Built Into Kitchen Refrigerators), Storage Capacity (Medium Storage Capacity Refrigerators (200 L-400 L), Large Storage Capacity Refrigerators (Above 400 L), and Small Storage Capacity Refrigerators (<200 L)), Type of Model (Single Compressor Based Model and Dual Compressor Based Model), Distribution Channel (Hypermarkets, Supermarkets, Specialty Retailers, Online, Mass Retailers, Discount Stores, and Department Stores), Country (China, India, Japan, South Korea, Australia & New Zealand, Malaysia, Thailand, Singapore, Indonesia, Philippines, rest of Asia-Pacific, U.S., Canada, Mexico, Germany, U.K., France, Italy, Spain, Russia, Netherlands, Belgium, Switzerland, Turkey, Luxembourg, rest of Europe, Saudi Arabia, Egypt, South Africa, U.A.E., Israel, rest of Middle East and Africa, Brazil, Argentina, and rest of South America) - Industry Trends and Forecast to 2031.
Overview of Global Household Refrigerator Market Dynamics
- Driver
- Growing awareness regarding food wastage
- Restraint
- Competition from alternative cooling technologies
- Opportunity
- Smart home integration
Market Players
Some of the major players operating in the global household refrigerator market are:
- Haier
- Whirlpool Corporation
- Midea
- Samsung
- LG Electronics
- Hisense International
- Robert Bosch GmbH
- Electrolux
- Panasonic Holdings Corporation
- Liebherr
- SHARP CORPORATION
- Arcelik Hitachi Home Appliances
- Miele
- TCL Electronics Holdings Limited
- Havells India Ltd.
- Dacor, Inc.
- Godrej (Godrej & Boyce Mfg. Co. Ltd.)
- Qingdao Smad Electric Appliances Co., Ltd.
TABLE OF CONTENTS
1 INTRODUCTION 28
- 1.1 OBJECTIVES OF THE STUDY 28
- 1.2 MARKET DEFINITION 28
- 1.3 OVERVIEW OF THE GLOBAL HOUSEHOLD REFRIGERATOR MARKET 28
- 1.4 CURRENCY AND PRICING 29
- 1.5 LIMITATIONS 30
- 1.6 MARKETS COVERED 30
2 MARKET SEGMENTATION 32
- 2.1 MARKETS COVERED 32
- 2.2 YEARS CONSIDERED FOR THE STUDY 33
- 2.3 GEOGRAPHIC SCOPE 34
- 2.4 DBMR TRIPOD DATA VALIDATION MODEL 35
- 2.5 PRIMARY INTERVIEWS WITH KEY OPINION LEADERS 38
- 2.6 DBMR MARKET POSITION GRID 39
- 2.7 MULTIVARIATE MODELLING 41
- 2.8 TYPE CURVE 42
- 2.9 SECONDARY SOURCES 43
- 2.10 ASSUMPTIONS 43
3 EXECUTIVE SUMMARY 44
4 PREMIUM INSIGHTS 49
- 4.1 PORTER'S FIVE FORCES MODEL 50
- 4.2 PESTEL ANALYSIS 51
- 4.3 VENDOR SELECTION CRITERIA 52
- 4.4 CONSUMER PREFERENCES & BEHAVIOUR 54
- 4.5 SUPPLY CHAIN ANALYSIS 55
- 4.5.1 RAW MATERIAL PROCUREMENT 56
- 4.5.2 MANUFACTURING 56
- 4.5.3 MARKETING AND DISTRIBUTION 57
- 4.5.4 END USERS 57
- 4.5.5 LOGISTIC COST SCENARIO 57
- 4.5.6 IMPORTANCE OF LOGISTICS SERVICE PROVIDERS 58
- 4.6 BRAND ANALYSIS 59
- 4.7 IMPACT OF ECONOMIC SLOWDOWN 65
- 4.8 PRICING ANALYSIS 67
- 4.9 IMPORT EXPORT ANALYSIS 71
- 4.10 PRODUCTION CAPACITY OUTLOOK 73
- 4.11 COMPETITIVE INSIGHTS: USED HOUSEHOLD REFRIGERATORS 78
- 4.12 TECHNOLOGICAL ADVANCEMENT BY MANUFACTURERS 80
- 4.13 RAW MATERIAL USED IN HOUSEHOLD REFRIGERATORS 83
- 4.13.1 OVERVIEW 83
- 4.13.2 ASIA-PACIFIC 83
- 4.13.3 NORTH AMERICA 85
- 4.13.4 EUROPE 86
- 4.13.5 MIDDLE EAST AND AFRICA 87
- 4.13.6 SOUTH AMERICA 88
5 MARKET OVERVIEW 89
- 5.1 DRIVERS 91
- 5.1.1 GROWING INCLINATION OF CONSUMERS TOWARD FROZEN FOODS 91
- 5.1.2 RAPID URBANIZATION AND INCREASING DISPOSABLE INCOME 92
- 5.1.3 INCREASING DEMAND FOR SUSTAINABLE AND ECO-FRIENDLY REFRIGERATORS 93
- 5.1.4 GROWING AWARENESS REGARDING FOOD WASTAGE 95
- 5.2 RESTRAINTS 96
- 5.2.1 COMPETITION FROM ALTERNATIVE COOLING TECHNOLOGIES 96
- 5.2.2 LONG REPLACEMENT CYCLES 97
- 5.3 OPPORTUNITIES 98
- 5.3.1 ADVANCEMENTS IN REFRIGERATOR TECHNOLOGY 98
- 5.3.2 SMART HOME INTEGRATION 99
- 5.3.3 EXPANSION IN E-COMMERCE AND ONLINE SHOPPING 100
- 5.4 CHALLENGES 102
- 5.4.1 COST CONSTRAINTS RELATED TO REFRIGERATOR 102
- 5.4.2 ENVIRONMENTAL REGULATIONS AND SUSTAINABILITY CONCERNS 103
6 GLOBAL HOUSEHOLD REFRIGERATOR MARKET, BY TYPE 105
- 6.1 OVERVIEW 106
- 6.2 TOP FREEZER REFRIGERATOR 107
- 6.3 FRENCH DOOR REFRIGERATOR 108
- 6.4 BOTTOM FREEZER REFRIGERATOR 109
- 6.5 SIDE-BY-SIDE REFRIGERATOR 109
- 6.6 COUNTER-DEPTH REFRIGERATOR 110
- 6.7 MINI FRIDGE 111
7 GLOBAL HOUSEHOLD REFRIGERATOR MARKET, BY COOLING TECHNOLOGY 112
- 7.1 OVERVIEW 113
- 7.2 COMPRESSOR REFRIGERATORS 114
- 7.3 SOLAR REFRIGERATORS 114
- 7.4 ACOUSTIC REFRIGERATORS 115
- 7.5 MAGNETIC REFRIGERATORS 115
- 7.6 OTHERS 116
8 GLOBAL HOUSEHOLD REFRIGERATOR MARKET, BY DEPLOYMENT TYPE 117
- 8.1 OVERVIEW 118
- 8.2 FREE-STANDING REFRIGERATORS 119
- 8.3 BUILT INTO KITCHEN REFRIGERATORS 119
9 GLOBAL HOUSEHOLD REFRIGERATOR MARKET, BY STORAGE CAPACITY 120
- 9.1 OVERVIEW 121
- 9.2 MEDIUM STORAGE CAPACITY REFRIGERATORS (200 L-400 L) 122
- 9.3 LARGE STORAGE CAPACITY REFRIGERATORS (ABOVE 400 L) 123
- 9.4 SMALL STORAGE CAPACITY REFRIGERATORS (<200 L) 123
10 GLOBAL HOUSEHOLD REFRIGERATOR MARKET, BY TYPE OF MODEL 124
- 10.1 OVERVIEW 125
- 10.2 SINGLE COMPRESSOR BASED MODEL 126
- 10.3 DUAL COMPRESSOR BASED MODEL 126
11 GLOBAL HOUSEHOLD REFRIGERATOR MARKET, BY DISTRIBUTION CHANNEL 127
- 11.1 OVERVIEW 128
- 11.2 HYPERMARKETS 129
- 11.3 SUPERMARKETS 130
- 11.4 SPECIALTY RETAILERS 130
- 11.5 ONLINE 131
- 11.6 MASS RETAILERS 131
- 11.7 DISCOUNT STORES 132
- 11.8 DEPARTMENT STORES 132
12 GLOBAL HOUSEHOLD REFRIGERATOR MARKET, BY REGION 133
- 12.1 OVERVIEW 134
- 12.2 ASIA PACIFIC 137
- 12.2.1 CHINA 140
- 12.2.2 INDIA 142
- 12.2.3 JAPAN 144
- 12.2.4 SOUTH KOREA 146
- 12.2.5 AUSTRALIA & NEW ZEALAND 148
- 12.2.6 MALAYSIA 150
- 12.2.7 THAILAND 152
- 12.2.8 SINGAPORE 154
- 12.2.9 INDONESIA 156
- 12.2.10 PHILIPPINES 158
- 12.2.11 REST OF ASIA-PACIFIC 160
- 12.3 NORTH AMERICA 161
- 12.3.1 U.S. 164
- 12.3.2 CANADA 166
- 12.3.3 MEXICO 168
- 12.4 EUROPE 170
- 12.4.1 GERMANY 173
- 12.4.2 U.K. 175
- 12.4.3 FRANCE 177
- 12.4.4 ITALY 179
- 12.4.5 SPAIN 181
- 12.4.6 RUSSIA 183
- 12.4.7 NETHERLANDS 185
- 12.4.8 BELGIUM 187
- 12.4.9 SWITZERLAND 189
- 12.4.10 TURKEY 191
- 12.4.11 LUXEMBOURG 193
- 12.4.12 REST OF EUROPE 195
- 12.5 MIDDLE EAST AND AFRICA 196
- 12.5.1 SAUDI ARABIA 199
- 12.5.2 EGYPT 201
- 12.5.3 SOUTH AFRICA 203
- 12.5.4 U.A.E. 205
- 12.5.5 ISRAEL 207
- 12.5.6 REST OF MIDDLE EAST AND AFRICA 209
- 12.6 SOUTH AMERICA 210
- 12.6.1 BRAZIL 213
- 12.6.2 ARGENTINA 215
- 12.6.3 REST OF SOUTH AMERICA 217
13 GLOBAL HOUSEHOLD REFRIGERATOR MARKET: COMPANY LANDSCAPE 218
- 13.1 COMPANY SHARE ANALYSIS: GLOBAL 218
- 13.2 COMPANY SHARE ANALYSIS: NORTH AMERICA 219
- 13.3 COMPANY SHARE ANALYSIS: EUROPE 220
- 13.4 COMPANY SHARE ANALYSIS: ASIA-PACIFIC 221
14 SWOT ANALYSIS 222
15 COMPANY PROFILES 223
- 15.1 HAIER INC. 223
- 15.1.1 COMPANY SNAPSHOT 223
- 15.1.2 REVENUE ANALYSIS 224
- 15.1.3 COMPANY SHARE ANALYSIS 224
- 15.1.4 PRODUCT PORTFOLIO 225
- 15.1.5 RECENT DEVELOPMENTS 226
- 15.2 WHIRLPOOL CORPORATION 228
- 15.2.1 COMPANY SNAPSHOT 228
- 15.2.2 REVENUE ANALYSIS 228
- 15.2.3 COMPANY SHARE ANALYSIS 229
- 15.2.4 PRODUCT PORTFOLIO 230
- 15.2.5 RECENT DEVELOPMENTS 232
- 15.3 MIDEA GROUP 233
- 15.3.1 COMPANY SNAPSHOT 233
- 15.3.2 REVENUE ANALYSIS 233
- 15.3.3 COMPANY SHARE ANALYSIS 234
- 15.3.4 PRODUCT PORTFOLIO 234
- 15.3.5 RECENT DEVELOPMENTS 235
- 15.4 SAMSUNG 236
- 15.4.1 COMPANY SNAPSHOT 236
- 15.4.2 REVENUE ANALYSIS 236
- 15.4.3 PRODUCT PORTFOLIO 237
- 15.4.4 RECENT DEVELOPMENTS 239
- 15.5 LG ELECTRONICS 240
- 15.5.1 COMPANY SNAPSHOT 240
- 15.5.2 REVENUE ANALYSIS 240
- 15.5.3 PRODUCT PORTFOLIO 241
- 15.5.4 RECENT DEVELOPMENTS 242
- 15.6 ARCELIK HITACHI HOME APPLIANCES 244
- 15.6.1 COMPANY SNAPSHOT 244
- 15.6.2 REVENUE ANALYSIS 244
- 15.6.3 BRAND PORTFOLIO 245
- 15.6.4 RECENT UPDATE 247
- 15.7 BOSCH GMBH 248
- 15.7.1 COMPANY SNAPSHOT 248
- 15.7.2 REVENUE ANALYSIS 248
- 15.7.3 PRODUCT PORTFOLIO 249
- 15.7.4 RECENT DEVELOPMENTS 250
- 15.8 DACOR, INC. 251
- 15.8.1 COMPANY SNAPSHOT 251
- 15.8.2 PRODUCT PORTFOLIO 251
- 15.8.3 RECENT DEVELOPMENTS 252
- 15.9 ELECTROLUX 254
- 15.9.1 COMPANY SNAPSHOT 254
- 15.9.2 REVENUE ANALYSIS 255
- 15.9.3 PRODUCT PORTFOLIO 255
- 15.9.4 RECENT DEVELOPMENTS 256
- 15.10 GODREJ (GODREJ & BOYCE) 258
- 15.10.1 COMPANY SNAPSHOT 258
- 15.10.2 PRODUCT PORTFOLIO 258
- 15.10.3 RECENT DEVELOPMENTS 259
- 15.11 HAVELLS INDIA LTD. 261
- 15.11.1 COMPANY SNAPSHOT 261
- 15.11.2 REVENUE ANALYSIS 261
- 15.11.3 PRODUCT PORTFOLIO 262
- 15.11.4 RECENT DEVELOPMENTS 263
- 15.12 HISENSE INTERNATIONAL 264
- 15.12.1 COMPANY SNAPSHOT 264
- 15.12.2 REVENUE ANALYSIS 264
- 15.12.3 PRODUCT PORTFOLIO 265
- 15.12.4 RECENT DEVELOPMENTS 266
- 15.13 LIEBHERR 267
- 15.13.1 COMPANY SNAPSHOT 267
- 15.13.2 REVENUE ANALYSIS 267
- 15.13.3 PRODUCT PORTFOLIO 268
- 15.13.4 RECENT DEVELOPEMNT 269
- 15.14 MIELE 271
- 15.14.1 COMPANY SNAPSHOT 271
- 15.14.2 PRODUCT PORTFOLIO 271
- 15.14.3 RECENT UPDATE 273
- 15.15 PANASONIC HOLDINGS CORPORATION 275
- 15.15.1 COMPANY SNAPSHOT 275
- 15.15.2 REVENUE ANALYSIS 275
- 15.15.3 PRODUCT PORTFOLIO 276
- 15.15.4 RECENT DEVELOPMENTS 277
- 15.16 QINGDAO SMAD ELECTRIC APPLIANCES CO., LTD. 278
- 15.16.1 COMPANY SNAPSHOT 278
- 15.16.2 PRODUCT PORTFOLIO 278
- 15.16.3 RECENT DEVELOPMENTS 280
- 15.17 SHARP CORPORATION 282
- 15.17.1 COMPANY SNAPSHOT 282
- 15.17.2 REVENUE ANALYSIS 282
- 15.17.3 PRODUCT PORTFOLIO 283
- 15.17.4 RECENT DEVELOPMENTS 284
- 15.18 TLC 285
- 15.18.1 COMPANY SNAPSHOT 285
- 15.18.2 REVENUE ANALYSIS 285
- 15.18.3 PRODUCT PORTFOLIO 286
- 15.18.4 RECENT DEVELOPMENTS 286
16 QUESTIONNAIRE 288
17 RELATED REPORTS 292