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.
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.
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Refrigerator Market Segmentation
By Product Type
- Single Door
- Double Door (Top Freezer &Bottom Freezer)
- Side by Side Door
- French Door
- Other Type (Mini Fridge)
By Application
- Household
- Commercial (Restaurants,Ice Cream parlors, Supermarket, Research, Laboratory, and Pharmaceutical Storage)
By Distribution Channel
- Online Channel
- Offline Channel
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Regional Analysis
North America
- United States
- Canada
Europe
- UK
- Germany
- Spain
- France
- Italy
- Rest of Europe
Asia-Pacific
- India
- China
- Japan
- South Korea
- Rest of APAC
Rest of the World
Company Profile
- BSH Home Appliances Corp.
- Carrier Global Corp.
- Capital Cooling (Beheren Ltd.)
- Dover Corp.
- Electrolux AB
- General Electric Co.
- Godrej & Boyce Manufacturing Co. Ltd.
- Haier Group Corp.
- Hefei Meiling Co. Ltd.
- Hitachi, Ltd.
- Hisense Group
- HOSHIZAKI Corp.
- Kenmore (Transform SR Brands LLC)
- LG Electronics Inc.
- Liebherr-International Deutschland GmbH
- Miele & Cie KG
- Mitsubishi Electric Corp.
- Panasonic Corp.
- Samsung Electronics Co., Ltd.
- Sharp Corp.
- Thalheimer Kühlung GmbH & Co. KG
- Viessmann Werke GmbH & Co. KG
- Viking Range, LLC
- Whirlpool Corp.
- Xiaomi Corp.
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