Global Household Refrigerator and Freezer Market Overview
According to SPER Market Research, the Global Household Refrigerator and Freezer Market is estimated to reach USD 155.20 billion by 2033 with a CAGR of 5.04%.
The name itself implies that household refrigerators and freezers are only for domestic usage and are an integral feature of the kitchen. A household refrigerator and freezer is a safe and easy way to store food, beverages, and other perishable food products. Household refrigerators and freezers are intended to store small quantities of food and beverages at low temperatures. These items require variable storage temperatures as well as relative humidity and have varying storage lives. Household refrigerators and freezers are used to store perishable foods such as fruits and leafy vegetables. Refrigerators and freezers are vital kitchen appliances because they provide a safe and easy way of storing food and beverages.
Exploring the Growth Drivers of the Global Household Refrigerator and Freezer Industry.
Global household refrigerator and freezer market is driven by various factors. For starters, the use of more and more products that require refrigeration is projected to be a major driver driving the global household refrigerator and freezer market growth. Furthermore, rising urban income and changing lifestyles are likely to drive demand for premium domestic refrigerators and freezers. Recent technological developments in household refrigerator technology have resulted in a shift in the household appliance trend. Household refrigerators are precisely constructed with integrated technology to improve appliance utility and food storage in specially controlled settings.
What challenges does the Global Household Refrigerator and Freezer Market face?
The global household refrigerator and freezer market is confronted with a number of issues, including severe competition, price sensitivity, and others. The market is highly competitive, with many existing competitors as well as new entries, making it difficult for businesses to differentiate themselves and remain profitable. When it comes to purchasing domestic refrigerators and freezers, consumers are frequently price-sensitive, which might limit manufacturers' and retailers' profit margins. Furthermore, as technology advances, manufacturers must constantly upgrade their products to meet consumer desires, which can be costly and time-consuming. Governments throughout the world are enacting energy efficiency standards for household appliances, which can raise production costs and diminish manufacturers' profit margins.
In what ways has the COVID-19 pandemic affected Global Household Refrigerator and Freezer Market?
The breakout of the new coronavirus at the start of 2020 altered the market's fundamental dynamics. Product sales fell during the first months of 2020 as a result of temporary production halts in the manufacturing industry and a slowdown in the logistics sector. However, in an effort to minimize the communal transmission of the virus, the implementation of stay-at-home standards generated prospects for company growth. Relaxations in lockdown requirements implemented by numerous governments around the world in the last months of 2020 reduced refrigerator and freezer production.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2033 |
| Base year considered | 2022 |
| Forecast period | 2023-2033 |
| Segments covered | By Door Type, By Structure, By Capacity, By Distribution Channel
|
| Regions covered | Asia-Pacific, Europe, Middle East and Africa, North America, Latin America
|
| Companies Covered | AB Electrolux, Dover Corporation, LG Electronics, Robert Bosch GmbH, Samsung, Whirlpool Corporation, Others
|
Key Target Audience:
- Academics and Researchers
- Consumers
- Government Agencies
- Industrial Companies
- Investors
- Manufacturers and Suppliers
- Retailers and Distributors
Global Household Refrigerator and Freezer Market Segmentation:
1. By Door Type:
- Global Household Refrigerator and Freezer Market Value Share and Forecast, By Door Type, 2023-2033
- Double Door
- Single Door
2. By Structure:
- Global Household Refrigerator and Freezer Market Value Share and Forecast, By Structure, 2023-2033
- Built-in
- Freestanding
3. By Capacity:
- Global Household Refrigerator and Freezer Market Value Share and Forecast, By Capacity, 2023-2033
- Less than 15 cu. Ft.
- 15 to 30 cu. Ft.
- More than 30 cu. Ft.
4. By Distribution Channel:
- Global Household Refrigerator and Freezer Market Value Share and Forecast, By Distribution Channel, 2023-2033
- Multi-Branded Stores
- Online
- Specialty Stores
- Other Distribution Channel
5. By Region:
- Asia-Pacific
- Europe
- Middle East & Africa
- North America
- Latin America
Key Topics Covered in the Report:
- Global Household Refrigerator and Freezer Market Size (FY’2023-FY’2033)
- Overview of Global Household Refrigerator and Freezer Market
- Segmentation of Global Household Refrigerator and Freezer Market By Door Type (Double Door, Single Door)
- Segmentation of Global Household Refrigerator and Freezer Market By Structure (Built-in, Freestanding)
- Segmentation of Global Household Refrigerator and Freezer Market By Capacity (Less than 15 cu. Ft., 15 to 30 cu. Ft., More than 30 cu. Ft.)
- Segmentation of Global Household Refrigerator and Freezer Market By Distribution Channel (Online, Specialty Stores, Other Distribution Channel)
- Statistical Snap of Global Household Refrigerator and Freezer Market
- Growth Analysis of Global Household Refrigerator and Freezer Market
- Problems and Challenges in Global Household Refrigerator and Freezer Market
- Competitive Landscape in the Global Household Refrigerator and Freezer Market
- Impact of COVID-19 and Demonetization on Global Household Refrigerator and Freezer Market
- Details on Recent Investment in Global Household Refrigerator and Freezer Market
- Competitive Analysis of Global Household Refrigerator and Freezer Market
- Key Players in the Global Household Refrigerator and Freezer Market
- SWOT Analysis of Global Household Refrigerator and Freezer Market
- Global Household Refrigerator and Freezer Market Future Outlook and Projections (FY’2023-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPER’s internal database
2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
4.2. COVID-19 Impacts of the Global Household Refrigerator and Freezer Market
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.3. Social Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Global Household Refrigerator and Freezer Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Household Refrigerator and Freezer Market
7. Global Household Refrigerator and Freezer Market, By Door Type (USD Million)
7.1. Global Household Refrigerator and Freezer Market Value Share and Forecast, By Door Type, 2023-2033
7.2. Double Door
7.2.1. Top Mounted Freezer
7.2.2. Side by Side
7.2.3. French Door
7.3. Single Door
8. Global Household Refrigerator and Freezer Market, By Structure (USD Million)
8.1. Global Household Refrigerator and Freezer Market Value Share and Forecast, By Structure, 2023-2033
8.2. Built-in
8.3. Freestanding
9. Global Household Refrigerator and Freezer Market, By Capacity (USD Million)
9.1. Global Household Refrigerator and Freezer Market Value Share and Forecast, By Capacity, 2023-2033
9.2. Less than 15 cu. Ft.
9.3. 15 to 30 cu. Ft.
9.4. More than 30 cu. Ft.
10. Global Household Refrigerator and Freezer Market, By Distribution Channel (USD Million)
10.1. Global Household Refrigerator and Freezer Market Value Share and Forecast, By Distribution Channel, 2023-2033
10.2. Multi-Branded Stores
10.3. Online
10.4. Specialty Stores
10.5. Other Distribution Channel
11. Global Household Refrigerator and Freezer Market Forecast, 2019-2033 (USD Million)
11.1. Global Household Refrigerator and Freezer Market Size and Market Share
12. Global Household Refrigerator and Freezer Market, By Door Type, 2019-2033 (USD Million)
12.1. Global Household Refrigerator and Freezer Market Size and Market Share By Door Type (2019-2026)
12.2. Global Household Refrigerator and Freezer Market Size and Market Share By Door Type (2027-2033)
13. Global Household Refrigerator and Freezer Market, By Structure, 2019-2033 (USD Million)
13.1. Global Household Refrigerator and Freezer Market Size and Market Share By Structure (2019-2026)
13.2. Global Household Refrigerator and Freezer Market Size and Market Share By Structure (2027-2033)
14. Global Household Refrigerator and Freezer Market, By Capacity, 2019-2033 (USD Million)
14.1. Global Household Refrigerator and Freezer Market Size and Market Share By Capacity (2019-2026)
14.2. Global Household Refrigerator and Freezer Market Size and Market Share By Capacity (2027-2033)
15. Global Household Refrigerator and Freezer Market, By Distribution Channel, 2019-2033 (USD Million)
15.1. Global Household Refrigerator and Freezer Market Size and Market Share By Distribution Channel (2019-2026)
15.2. Global Household Refrigerator and Freezer Market Size and Market Share By Distribution Channel (2027-2033)
16. Global Household Refrigerator and Freezer Market, By Region, 2019-2033 (USD Million)
16.1. Global Household Refrigerator and Freezer Market Size and Market Share By Region (2019-2026)
16.2. Global Household Refrigerator and Freezer Market Size and Market Share By Region (2027-2033)
16.3. Asia-Pacific
16.3.1. Australia
16.3.2. China
16.3.3. India
16.3.4. Japan
16.3.5. South Korea
16.3.6. Rest of Asia-Pacific
16.4. Europe
16.4.1. France
16.4.2. Germany
16.4.3. Italy
16.4.4. Spain
16.4.5. United Kingdom
16.4.6. Rest of Europe
16.5. Middle East and Africa
16.5.1. Kingdom of Saudi Arabia
16.5.2. United Arab Emirates
16.5.3. Rest of Middle East & Africa
16.6. North America
16.6.1. Canada
16.6.2. Mexico
16.6.3. United States
16.7. Latin America
16.7.1. Argentina
16.7.2. Brazil
16.7.3. Rest of Latin America
17. Company Profile
17.1. AB Electrolux
17.1.1. Company details
17.1.2. Financial outlook
17.1.3. Product summary
17.1.4. Recent developments
17.2. Dover Corporation
17.2.1. Company details
17.2.2. Financial outlook
17.2.3. Product summary
17.2.4. Recent developments
17.3. LG Electronics
17.3.1. Company details
17.3.2. Financial outlook
17.3.3. Product summary
17.3.4. Recent developments
17.4. Robert Bosch GmbH
17.4.1. Company details
17.4.2. Financial outlook
17.4.3. Product summary
17.4.4. Recent developments
17.5. Samsung
17.5.1. Company details
17.5.2. Financial outlook
17.5.3. Product summary
17.5.4. Recent developments
17.6. Whirlpool Corporation
17.6.1. Company details
17.6.2. Financial outlook
17.6.3. Product summary
17.6.4. Recent developments
17.7. Others
18. List of Abbreviations
19. Reference Links
20. Conclusion
21. Research Scope