Refrigerator Market
Global Refrigerator Market Size, Share & Trends Analysis Report By Product Type (Single Door, Double Door, Side by Side Door, French Door and Other), By Application (Household and Commercial), By Distribution Channel (Online Channel and Offline Channel), Forecast Period 2020-2026 Update Available - Forecast 2024-2030
The global refrigerator market is anticipated to grow at a significant CAGR of 6.2% during the forecast period. The refrigerator market growth can be mainly attributed to the increasing purchasing power of the people across the globe coupled with the rising brand awareness. Additionally, the increasing demand for smart featured such as connected refrigerators is being experienced across the globe. Moreover, increasing consumption of packaged and frozen food is also creating the demand for large-sized refrigerators. This in turn is raising the average size & cost of the household refrigerator and so increasing the market revenue. Moreover, the companies across the globe are increasing their emphasis on the introduction of compatible and energy-efficient refrigerators which in turn is also expected to increase the market growth. Moreover, due to the COVID-19 pandemic, an increase in residential refrigerators sales have been witnessed as people are more staying & storing food at home.
Segmental Outlook
The global 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 household and commercial. Commercial refrigerators include refrigerators for restaurants, ice cream parlors, supermarket, research, laboratory, and pharmaceutical storage. Any type of industrial refrigerator is not taken into consideration. Further, based on the distribution channel the market is sub-segmented into the online channel and offline channel.
The side by side door refrigerator segment will grow with considerable growth
The side by side refrigerator segment is anticipated to grow with a significant CAGR in the refrigerator market during the forecast period. The growth of the segment can be attributed to the increasing product variety by various companies in the global market. These type of refrigerators have increased space and features with better aesthetics. The rising disposable income of the people and increasing need for more space to store food & beverages will augment the demand of side by side door refrigerator in the premium product segment during the forecast period.
Global Refrigerator Market Share by Product Type, 2019 (%)
Regional Outlooks
The global refrigerator market is further segmented based on geography including North America, Europe, Asia-Pacific, and the Rest of the World. North America is anticipated to be a leading region in the refrigerator market along with Europe. It can be mainly attributed to the high disposable income of the people across the region. Additionally, the replacement refrigerator with new and advance featured is also significantly high which aids in the growth of the market in both North America and the European region.
Global Refrigerator Market Growth, by Region 2020-2026
Asia-Pacific will witness considerable growth in the global refrigerator market
The Asia Pacific is estimated to witness considerable growth with a substantial share in the global refrigerator market during the forecast period owing to the rising modernization coupled with high urbanization activities and increasing disposable income. Additionally, the low penetration of refrigerators is also aiding the growth of the market. Moreover, the continuously changing lifestyle and food trends that are mainly influenced by the western culture will also drive the growth of the refrigerator market in the region.
Market Players Outlook
The key players of the refrigerator market include Electrolux AB, General Electric Co., Haier Group Corp., LC Electronics Inc., Samsung Electronics Co. Ltd., Whirlpool Corp., and others. The market players are considerably contributing to the market growth by the adoption of various strategies including merger, & acquisition, collaborations, geographical expansions, and new product launches to stay competitive in the market.
Recent Activities
- In July 2020, Samsung Electronics Co. Ltd. launched the Connected Refrigerator SpaceMax Family Hub. The refrigerator comes with a number of smart features including automating meal planning, inside view of the refrigerator from anywhere, connection with other smart appliances at home, and a LED screen for streaming videos and tv shows.
- In June 2020, Capital Cooling launched a contact-free refrigerator with automatic doors in the commercial refrigerator range. The refrigerator is equipped with ‘Smartflex’, the technology patented by ISA, and will allow the customers to reach inside without touching the external entryway.
- In May 2020, Xiaomi Corp., through its Xiaomi Smart Home Appliances division launched three refrigerators that include Mijia air-cooled two-door refrigerator with a 170L capacity and a smaller 160L model, and a 450L-capacity Mijia Smart off-door refrigerator.
The Report Covers
- Market value data analysis of 2019 and forecast to 2026.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global refrigerator market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Geography
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Competitive Dashboard
3.2. Key Strategy Analysis
3.3. Key Company Analysis
3.3.1. Electrolux AB
3.3.1.1. Overview
3.3.1.2. Financial Analysis
3.3.1.3. SWOT Analysis
3.3.1.4. Recent Developments
3.3.2. Samsung Electric Co. Ltd.
3.3.2.1. Overview
3.3.2.2. Financial Analysis
3.3.2.3. SWOT Analysis
3.3.2.4. Recent Developments
3.3.3. Haier Group Corp.
3.3.3.1. Overview
3.3.3.2. Financial Analysis
3.3.3.3. SWOT Analysis
3.3.3.4. Recent Developments
3.3.4. LG Electronics Inc.
3.3.4.1. Overview
3.3.4.2. Financial Analysis
3.3.4.3. SWOT Analysis
3.3.4.4. Recent Developments
3.3.5. Whirlpool Corp.
3.3.5.1. Overview
3.3.5.2. Financial Analysis
3.3.5.3. SWOT Analysis
3.3.5.4. Recent Developments
4. Market Determinants
4.1. Motivators
4.2. Restraints
4.3. Opportunities
5. Market Segmentation
5.1. Global Refrigerator Market by Product Type
5.1.1. Single Door
5.1.2. Double Door (Top Freezer &Bottom Freezer)
5.1.3. Side by Side Door
5.1.4. French Door
5.1.5. Other Type (Mini Fridge)
5.2. Global Refrigerator Market by Application
5.2.1. Household
5.2.2. Commercial (Restaurants,Ice Cream parlors, Supermarket, Research, Laboratory, and Pharmaceutical Storage)
5.3. Global Refrigerator Market by Distribution Channel
5.3.1. Online Channel
5.3.2. Offline Channel
6. Regional Analysis
6.1. North America
6.1.1. United States
6.1.2. Canada
6.2. Europe
6.2.1. UK
6.2.2. Germany
6.2.3. Italy
6.2.4. Spain
6.2.5. France
6.2.6. Rest of Europe
6.3. Asia-Pacific
6.3.1. China
6.3.2. India
6.3.3. Japan
6.3.4. Rest of Asia-Pacific
6.4. Rest of the World
7. Company Profiles
7.1. BSH Home Appliances Corp.
7.2. Carrier Global Corp.
7.3. Capital Cooling (Beheren Ltd.)
7.4. Dover Corp.
7.5. Electrolux AB
7.6. General Electric Co.
7.7. Godrej & Boyce Manufacturing Co. Ltd.
7.8. Haier Group Corp.
7.9. Hefei Meiling Co. Ltd.
7.10. Hitachi, Ltd.
7.11. Hisense Group
7.12. HOSHIZAKI Corp.
7.13. Kenmore (Transform SR Brands LLC)
7.14. LG Electronics Inc.
7.15. Liebherr-International Deutschland GmbH
7.16. Miele & Cie KG
7.17. Mitsubishi Electric Corp.
7.18. Panasonic Corp.
7.19. Samsung Electronics Co., Ltd.
7.20. Sharp Corp.
7.21. Thalheimer Kühlung GmbH & Co. KG
7.22. Viessmann Werke GmbH & Co. KG
7.23. Viking Range, LLC
7.24. Whirlpool Corp.
7.25. Xiaomi Corp.
1. GLOBAL REFRIGERATOR MARKET RESEARCH AND ANALYSIS BY PRODUCT TYPE, 2019-2026 ($ MILLION)
2. GLOBAL SINGLE DOOR MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
3. GLOBAL DOUBLE DOOR MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
4. GLOBAL SIDE BY SIDE DOOR MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
5. GLOBAL FRENCH DOOR MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
6. GLOBAL OTHER TYPE MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
7. GLOBAL REFRIGERATOR MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2019-2026 ($ MILLION)
8. GLOBAL HOUSEHOLD REFRIGERATOR MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
9. GLOBAL COMMERCIAL REFRIGERATOR KITCHEN MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
10. GLOBAL REFRIGERATOR MARKET RESEARCH AND ANALYSIS BY DISTRIBUTION CHANNEL, 2019-2026 ($ MILLION)
11. GLOBAL ONLINE CHANNEL MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
12. GLOBAL OFFLINE CHANNEL MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
13. GLOBAL REFRIGERATOR MARKET RESEARCH AND ANALYSIS BY GEOGRAPHY, 2019-2026 ($ MILLION)
14. NORTH AMERICAN REFRIGERATOR MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2019-2026 ($ MILLION)
15. NORTH AMERICAN REFRIGERATOR MARKET RESEARCH AND ANALYSIS BY PRODUCT TYPE, 2019-2026 ($ MILLION)
16. NORTH AMERICAN REFRIGERATOR MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2019-2026 ($ MILLION)
17. NORTH AMERICAN REFRIGERATOR MARKET RESEARCH AND ANALYSIS BY DISTRIBUTION CHANNEL, 2019-2026 ($ MILLION)
18. EUROPEAN REFRIGERATOR MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2019-2026 ($ MILLION)
19. EUROPEAN REFRIGERATOR MARKET RESEARCH AND ANALYSIS BY PRODUCT TYPE, 2019-2026 ($ MILLION)
20. EUROPEAN REFRIGERATOR MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2019-2026 ($ MILLION)
21. EUROPEAN REFRIGERATOR MARKET RESEARCH AND ANALYSIS BY DISTRIBUTION CHANNEL, 2019-2026 ($ MILLION)
22. ASIA-PACIFIC REFRIGERATOR MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2019-2026 ($ MILLION)
23. ASIA-PACIFIC REFRIGERATOR MARKET RESEARCH AND ANALYSIS BY PRODUCT TYPE, 2019-2026 ($ MILLION)
24. ASIA-PACIFIC REFRIGERATOR MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2019-2026 ($ MILLION)
25. ASIA-PACIFIC REFRIGERATOR MARKET RESEARCH AND ANALYSIS BY DISTRIBUTION CHANNEL, 2019-2026 ($ MILLION)
26. REST OF THE WORLD REFRIGERATOR MARKET RESEARCH AND ANALYSIS BY PRODUCT TYPE, 2019-2026 ($ MILLION)
27. REST OF THE WORLD REFRIGERATOR MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2019-2026 ($ MILLION)
28. REST OF THE WORLD REFRIGERATOR MARKET RESEARCH AND ANALYSIS BY DISTRIBUTION CHANNEL, 2019-2026 ($ MILLION)
1. GLOBAL REFRIGERATOR MARKET SHARE BY PRODUCT TYPE, 2019 VS 2026 (%)
2. GLOBAL REFRIGERATOR MARKET SHARE BY APPLICATION, 2019 VS 2026 (%)
3. GLOBAL REFRIGERATOR MARKET SHARE BY DISTRIBUTION CHANNEL, 2019 VS 2026 (%)
4. GLOBAL REFRIGERATOR MARKET SHARE BY GEOGRAPHY, 2019 VS 2026 (%)
5. GLOBAL SINGLE DOOR MARKET SHARE BY GEOGRAPHY, 2019 VS 2026 (%)
6. GLOBAL DOUBLE MARKET SHARE BY GEOGRAPHY, 2019 VS 2026 (%)
7. GLOBAL SIDE BY SIDE DOOR MARKET SHARE BY GEOGRAPHY, 2019 VS 2026 (%)
8. GLOBAL FRENCH DOOR MARKET SHARE BY GEOGRAPHY, 2019 VS 2026 (%)
9. GLOBAL OTHER TYPE MARKET SHARE BY GEOGRAPHY, 2019 VS 2026 (%)
10. GLOBAL HOUSEHOLD REFRIGERATOR MARKET SHARE BY GEOGRAPHY, 2019 VS 2026 (%)
11. GLOBAL COMMERCIAL REFRIGERATOR MARKET SHARE BY GEOGRAPHY, 2019 VS 2026 (%)
12. GLOBAL ONLINE CHANNEL MARKET SHARE BY GEOGRAPHY, 2019 VS 2026 (%)
13. GLOBAL OFFLINE CHANNEL MARKET SHARE BY GEOGRAPHY, 2019 VS 2026 (%)
14. US REFRIGERATOR MARKET SIZE, 2019-2026 ($ MILLION)
15. CANADA REFRIGERATOR MARKET SIZE, 2019-2026 ($ MILLION)
16. UK REFRIGERATOR MARKET SIZE, 2019-2026 ($ MILLION)
17. FRANCE REFRIGERATOR MARKET SIZE, 2019-2026 ($ MILLION)
18. GERMANY REFRIGERATOR MARKET SIZE, 2019-2026 ($ MILLION)
19. ITALY REFRIGERATOR MARKET SIZE, 2019-2026 ($ MILLION)
20. SPAIN REFRIGERATOR MARKET SIZE, 2019-2026 ($ MILLION)
21. REST OF EUROPE REFRIGERATOR MARKET SIZE, 2019-2026 ($ MILLION)
22. INDIA REFRIGERATOR MARKET SIZE, 2019-2026 ($ MILLION)
23. CHINA REFRIGERATOR MARKET SIZE, 2019-2026 ($ MILLION)
24. JAPAN REFRIGERATOR MARKET SIZE, 2019-2026 ($ MILLION)
25. REST OF ASIA-PACIFIC REFRIGERATOR MARKET SIZE, 2019-2026 ($ MILLION)
26. REST OF WORLD REFRIGERATOR MARKET SIZE, 2019-2026 ($ MILLION)
