Global Refrigerators Market Share Report 2024, Forecast To 2033
18 Jan, 2024
The refrigerators market witnessed strong growth, rising from $48.22 billion in 2023 to $51.19 billion in 2024, with a 6.2% CAGR. This growth is attributed to increased demand for frozen and chilled food products. Future projections estimate a market size of $63.58 billion by 2028, growing at a 5.6% CAGR. Key contributors include energy efficiency, smart home integration, and an aging population. Upcoming trends emphasize French door refrigerators and sustainable materials.
Global Refrigerators Market Key Driver
The refrigerators market witnesses growth due to increased consumption of processed food products. Busy lifestyles drive reliance on refrigerators for storing frozen meat, vegetables, and dairy products. The processed food industry, valued at $2 trillion globally, is a significant driver of refrigerator market growth.
Get A Free Sample Of The Global Refrigerators Market ReportGlobal Refrigerators Market Segments
The refrigerators market covered in this report is segmented –
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
By Geography: The regions covered in the refrigerators market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions
Asia-Pacific was the largest region in the refrigerators market in 2023. Western Europe was the second-largest region in the refrigerators market. The regions covered in the refrigerators market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Major Refrigerators Industry Players
Electrolux AB, Haier Group Corporation, LG Electronics Inc., Samsung Electronics Co. Ltd., Whirlpool Corporation, Hitachi Ltd., Bosch (Robert Bosch GmbH), Hisense Group Co. Ltd., Sharp Corporation, Siemens AG, TCL Corporation, Kinghome Electrical Appliance Co. Ltd., Midea Group Co. Ltd., Panasonic Corporation, Meiling (Guangdong Meiling Group Co. Ltd.), DIQUA, Frestec (Frestech Group), Casarte, Homa Appliances Co. Ltd., LittleSwan (Qingdao Haier Washing Machine Co. Ltd.), Konka Group Co. Ltd., Toshiba Corporation, Arçelik (Arçelik A.S.), Godrej Group, Mitsubishi Electric Corporation, General Electric Appliances (GE Appliances), Galanz Group Co. Ltd., Liebherr Group, Viking Range LLC, Sub-Zero Group Inc., Thermador (Bosch Thermotechnology), Dacor Inc., Fisher & Paykel Appliances Ltd., Gaggenau Hausgeräte GmbH, Jenn-Air Corporation, KitchenAid Inc., Maytag Corporation, Kenmore Appliances, Amana (Amana Corporation), Frigidaire International, Hotpoint Appliances, Indesit Company S.p.A., Smeg S.p.A
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Refrigerators Market Overview
A refrigerator is defined as an electrical appliance used to preserve food at cold temperatures.
Refrigerators Global Market Report 2023 provides data on the global refrigerators market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The refrigerators market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.