The US refrigerator market is anticipated to grow at a CAGR of 5.6% during the forecast period. The growth of the market can be attributed to the high purchasing power of the consumers across the country. Additionally, the high trend of ready to eat coupled with high consumption of frozen food products is also providing a significant market to the US refrigerator industry. In addition to this, the increasing demand for smart featured refrigerators is expected to cater to the growth of the refrigerator market in the country during the forecast period.

The US 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 bifurcated into residential and commercial. Further, based on the distribution channel, the market is sub-segmented into the online channel and offline channel. 

The key players of the US Refrigerator market include Electrolux AB, General Electric Co., LG Electronics Inc., Haier Group Corp., 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, and acquisitions, collaborations, and new product launch, to stay competitive in the market. For instance, in January 2020, LG announced the expansion of the LG Craft Ice feature to 15 additional smart refrigerator models in different sizes, configurations, and premium finishes. The Craft Ice feature is able to automatically making slow-melting round ice and reduces the hassle of manually filling and freezing ice molds.

Research Methodology

The market study of the US 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

• Financial reports of companies involved in the market.
• Whitepapers, research-papers, and news blogs.
• Company websites and their product catalog.

The report is intended for refrigerator manufacturers & distributors, consumer appliance companies, venture capitalists, seed funders, start-ups, 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.

Market Segmentation

1. US Refrigerator Market Research and Analysis by Product Type
2. US Refrigerator Market Research and Analysis by Application
3. US Refrigerator Market Research and Analysis by Distribution Channel

The Report Covers

• Comprehensive research methodology of the US refrigerator market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting the US refrigerator market.
• Insights about market determinants which are stimulating the US refrigerator market.
• Detailed and extensive market segments with regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players.