Household Refrigerators Global Market Report 2023

Global Household Refrigerators Market Report 2024

Household Refrigerators Global Market Report 2023 – By Type (Single Door, Double Door, French Door, Other Types), By Freezer Location (Freezer on Top,Freezer on Bottom, Freezer Less), By Distribution Channel (Specialty Retailers, Department Stores, Mass Retailers/Hypermarkets/Supermarkets, Discount Stores, Online), By Application (Household, Commercial Use, Industrial Use) – Market Size, Trends, And Global Forecast 2023-2032

Name: Household Refrigerators Global Market Report 2023
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Household Refrigerators Global Market Report 2023

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Household refrigerators refer to electrical appliances used to preserve food at cold temperatures.

The main types of household refrigerators market are single-door, double-door, french-door, and others. A single door has been provided with hinges or pivots that permit it to swing 90° in one direction only. The distribution channels are specialty retailers, department stores, mass retailers/hypermarkets/supermarkets, discount stores, and online. The freezer locations are freezer-on-top, freezer-on-bottom, and freezer-less. The applications are for household, commercial use, and industrial use.

The household refrigerators market research report is one of a series of new reports from The Business Research Company that provides household refrigerators market statistics, including household refrigerators industry global market size, regional shares, competitors with a household refrigerators market share, detailed household refrigerators market segments, market trends and opportunities, and any further data you may need to thrive in the household refrigerators industry. This household refrigerators market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The global household refrigerators market is expected to grow from $45.27 billion in 2022 to $48.79 billion in 2023 at a compound annual growth rate (CAGR) of 7.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services affecting many markets across the globe. The global household refrigerators market is expected to reach $63.66 billion in 2027 at a CAGR of 6.9%.

The increasing consumption of processed food products such as frozen meat, vegetables, and dairy products as well as the change in the dietary habits of consumers is driving the refrigerators market growth. Due to busy lifestyles, consumers are increasingly relying on processed food and prepared meals that require refrigerators for storage. According to Rentokil, the processed food industries are valued at $2 trillion globally. The huge market for processed food products is expected to drive the refrigerators market.

Intense pricing pressure on manufacturers is restraining the growth of the refrigerators market. The market has numerous players competing in terms of price, specifications, and other characteristics. Durable goods such as TV, and freezers are more price elastic than necessities. People are more likely to purchase when there is a reduction in the price of the goods and less likely to purchase when there is a price hike.

Refrigerator manufacturers are implementing technologies such as IoT and embedded sensors in their products to improve overall functionality. Manufacturers are introducing advanced human-machine interface designs in refrigerators and also manufacturing refrigerators that can automatically recognize the type and weight of the food stored in the refrigerators, and adjust and monitor the temperature as per requirement.

In December 2020, Arcelik AS, a turkey-based manufacturer of household appliances acquired Hitachi Global Life Solutions for the amount of $300 million. This acquisition of Hitachi GLS will establish a new company into which it will transfer its global home appliances business outside of Japan. Hitachi is a Japan-based manufacturer.

Major players in the household refrigerators market are Electrolux, Haier, LG Electronics, Samsung Electronics, Whirlpool, Hitachi, Bosch, Hisense, Sharp, and Siemens.

North America was the largest region in the global refrigerators market in 2022. The regions covered in the global household refrigerators market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

The countries covered in the household refrigerators market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA.

The household refrigerator market consists of sales of single-door, double-door, french-door, and other household refrigerators. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

The global household refrigerators market 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: Speciality Retailers, Department Stores, Mass Retailers/Hypermarkets/Supermarkets, Discount Stores, Online

4) By Application: Household, Commercial Use, Industrial Use

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1. Executive Summary

2. Household Refrigerators Market Characteristics

3.Household Refrigerators Market – Macro Economic Scenario

3.1 COVID-19 Impact On Household Refrigerators Market

3.2 Ukraine-Russia War Impact On Household Refrigerators Market

3.3 Impact Of High Inflation On Household Refrigerators Market

4. Household Refrigerators Market Size And Growth

4.1. Global Refrigerators Historic Market, 2017 - 2022, $ Billion

4.1.1. Drivers Of The Market

4.1.2. Restraints On The Market

4.2. Global Refrigerators Forecast Market, 2022 - 2027F, 2032F, $ Billion

4.2.1. Drivers Of The Market

4.2.2. Restraints On the Market

5. Household Refrigerators Market Segmentation

5.1. Global Household Refrigerators Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

Single-Door

Double-Door

French-Door

Other Types

5.2. Global Household Refrigerators Market, Segmentation By Distribution Channel, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

Specialty Retailers

Department Stores

Mass Retailers/Hypermarkets/Supermarkets

Discount Stores

Online

5.3. Global Household Refrigerators Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

Household

Commercial Use

Industrial Use

5.4. Global Household Refrigerators Market, Segmentation By Freezer Location, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

Freezer-on-Top

Freezer-on-Bottom

Freezer-Less

6. Household Refrigerators Market Regional And Country Analysis

6.1. Global Household Refrigerators Market, Split By Region, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

6.2. Global Household Refrigerators Market, Split By Country, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

7. Asia-Pacific Household Refrigerators Market

7.1. Asia-Pacific Household Refrigerators Market Overview

7.2. Asia-Pacific Household Refrigerators Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

8. China Household Refrigerators Market

8.1. China Household Refrigerators Market Overview

8.2. China Household Refrigerators Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2027F, 2032F,$ Billion

9. India Household Refrigerators Market

9.1. India Household Refrigerators Market Overview

9.2. India Household Refrigerators Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

10. Japan Household Refrigerators Market

10.1. Japan Household Refrigerators Market Overview

10.2. Japan Household Refrigerators Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

11. Australia Household Refrigerators Market

11.1. Australia Household Refrigerators Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

12. Indonesia Household Refrigerators Market

12.1. Indonesia Household Refrigerators Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

13. South Korea Household Refrigerators Market

13.1. South Korea Household Refrigerators Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

14. Western Europe Household Refrigerators Market

14.1. Western Europe Household Refrigerators Market Overview

14.2. Western Europe Household Refrigerators Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

15. UK Household Refrigerators Market

15.1. UK Household Refrigerators Market Overview

15.2. UK Household Refrigerators Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

16. Germany Household Refrigerators Market

16.1. Germany Household Refrigerators Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

17. France Household Refrigerators Market

17.3. France Household Refrigerators Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

18. Eastern Europe Household Refrigerators Market

18.1. Eastern Europe Household Refrigerators Market Overview

18.2. Eastern Europe Household Refrigerators Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

19. Russia Household Refrigerators Market

19.1. Russia Household Refrigerators Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

20. North America Household Refrigerators Market

20.1. North America Household Refrigerators Market Overview

20.2. North America Household Refrigerators Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

21. USA Household Refrigerators Market

21.1. USA Household Refrigerators Market Overview

21.2. USA Household Refrigerators Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

22. South America Household Refrigerators Market

22.1. South America Household Refrigerators Market Overview

22.2. South America Household Refrigerators Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

23. Brazil Household Refrigerators Market

23.1. Brazil Household Refrigerators Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

24. Middle East Household Refrigerators Market

24.1. Middle East Household Refrigerators Market Overview

24.2. Middle East Household Refrigerators Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

25. Africa Household Refrigerators Market

25.1. Africa Household Refrigerators Market Overview

25.2. Africa Household Refrigerators Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

26. Household Refrigerators Market Competitive Landscape And Company Profiles

26.1. Household Refrigerators Market Competitive Landscape

26.2. Household Refrigerators Market Company Profiles

26.2.1. Electrolux

26.2.1.1. Overview

26.2.1.2. Products and Services

26.2.1.3. Strategy

26.2.1.4. Financial Performance

26.2.2. Haier

26.2.2.1. Overview

26.2.2.2. Products and Services

26.2.2.3. Strategy

26.2.2.4. Financial Performance

26.2.3. LG Electronics

26.2.3.1. Overview

26.2.3.2. Products and Services

26.2.3.3. Strategy

26.2.3.4. Financial Performance

26.2.4. Samsung Electronics

26.2.4.1. Overview

26.2.4.2. Products and Services

26.2.4.3. Strategy

26.2.4.4. Financial Performance

26.2.5. Whirlpool

26.2.5.1. Overview

26.2.5.2. Products and Services

26.2.5.3. Strategy

26.2.5.4. Financial Performance

27. Key Mergers And Acquisitions In The Household Refrigerators Market

28. Household Refrigerators Market Trends And Strategies

29. Household Refrigerators Market Future Outlook and Potential Analysis

30. Appendix

30.1. Abbreviations

30.2. Currencies

30.3. Historic And Forecast Inflation Rates

30.4. Research Inquiries

30.5. The Business Research Company

30.6. Copyright And Disclaimer

List Of Tables

Table 1: Global Historic Market Growth, 2017-2022, $ Billion

Table 2: Global Forecast Market Growth, 2017- 2027F, 2032F, $ Billion

Table 3: Global Household Refrigerators Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

Table 4: Global Household Refrigerators Market, Segmentation By Distribution Channel, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

Table 5: Global Household Refrigerators Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

Table 6: Global Household Refrigerators Market, Segmentation By Freezer Location, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

Table 7: Global Household Refrigerators Market, Split By Region, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

Table 8: Global Household Refrigerators Market, Split By Country, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

Table 9: Asia-Pacific, Household Refrigerators Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

Table 10: China, Household Refrigerators Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

Table 11: India, Household Refrigerators Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

Table 12: Japan, Household Refrigerators Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

Table 13: Australia, Household Refrigerators Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

Table 14: Indonesia, Household Refrigerators Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

Table 15: South Korea, Household Refrigerators Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

Table 16: Western Europe, Household Refrigerators Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

Table 17: UK, Household Refrigerators Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

Table 18: Germany, Household Refrigerators Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

Table 19: France, Household Refrigerators Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

Table 20: Eastern Europe, Household Refrigerators Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

Table 21: Russia, Household Refrigerators Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

Table 22: North America, Household Refrigerators Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

Table 23: USA, Household Refrigerators Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

Table 24: South America, Household Refrigerators Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

Table 25: Brazil, Household Refrigerators Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

Table 26: Middle East, Household Refrigerators Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

Table 27: Africa, Household Refrigerators Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

Table 28: Electrolux Financial Performance

Table 29: Haier Financial Performance

Table 30: LG Electronics Financial Performance

Table 31: Samsung Electronics Financial Performance

Table 32: Whirlpool Financial Performance

List Of Figures

Figure 1: Global Historic Market Growth, 2017-2022, $ Billion

Figure 2: Global Forecast Market Growth, 2017- 2027F, 2032F, $ Billion

Figure 3: Global Household Refrigerators Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

Figure 4: Global Household Refrigerators Market, Segmentation By Distribution Channel, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

Figure 5: Global Household Refrigerators Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

Figure 6: Global Household Refrigerators Market, Segmentation By Freezer Location, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

Figure 7: Global Household Refrigerators Market, Split By Region, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

Figure 8: Global Household Refrigerators Market, Split By Country, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

Figure 9: Asia-Pacific, Household Refrigerators Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

Figure 10: China, Household Refrigerators Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

Figure 11: India, Household Refrigerators Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

Figure 12: Japan, Household Refrigerators Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

Figure 13: Australia, Household Refrigerators Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

Figure 14: Indonesia, Household Refrigerators Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

Figure 15: South Korea, Household Refrigerators Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

Figure 16: Western Europe, Household Refrigerators Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

Figure 17: UK, Household Refrigerators Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

Figure 18: Germany, Household Refrigerators Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

Figure 19: France, Household Refrigerators Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

Figure 20: Eastern Europe, Household Refrigerators Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

Figure 21: Russia, Household Refrigerators Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

Figure 22: North America, Household Refrigerators Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

Figure 23: USA, Household Refrigerators Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

Figure 24: South America, Household Refrigerators Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

Figure 25: Brazil, Household Refrigerators Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

Figure 26: Middle East, Household Refrigerators Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

Figure 27: Africa, Household Refrigerators Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion

Figure 28: Electrolux Financial Performance

Figure 29: Haier Financial Performance

Figure 30: LG Electronics Financial Performance

Figure 31: Samsung Electronics Financial Performance

Figure 32: Whirlpool Financial Performance

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Frequently Asked Questions

What is the definition of the household refrigerators market?

Household refrigerators refer to electrical appliances used to preserve food at cold temperatures. For further insights on the household refrigerators market, request a sample here

How will the household refrigerators market drivers and restraints affect the household refrigerators market dynamics? What forces will shape the household refrigerators industry going forward?

The household refrigerators market growth is aided by increasing consumption of processed food products such as frozen meat, vegetables, and dairy products as well as the change in the dietary habits of consumers. However, some household refrigerators market restraints include intense pricing pressure on manufacturers. For further insights on the household refrigerators market, request a sample here

What is the forecast market size or the forecast market value of the household refrigerators market?

The household refrigerators market is expected to reach $63.66 billion in 2027 at a rate of 6.9%. For further insights on the household refrigerators market, request a sample here

How is the household refrigerators market segmented?

The global household refrigerators market is segmented as
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
For further insights on the household refrigerators market, request a sample here

Which region has the largest share of the household refrigerators market? What are the largest region's market size and growth rate?

North America was the largest region in the household refrigerators market in 2022. For detailed insights on the largest region's market size and growth rate, request a sample here.

Who are the major players in the household refrigerators market?

Key competitors in the household refrigerators market are, Electrolux, Haier, LG Electronics, Samsung Electronics, Whirlpool, Hitachi, Bosch, Hisense, Sharp, Siemens, TCL, Kinghome, Midea, Panasonic, Meiling, DIQUA, Frestec, Casarte, Homa, LittleSwan, Konka, Toshiba, Arçelik, Godrej, Mitsubishi Electric, Panasonic. For further insights on the household refrigerators market, request a sample here.

What are the key trends in the household refrigerators market?

Major trends influencing the household refrigerators market include implementing technologies such as IoT and embedded sensors in their products to improve overall functionality. Manufacturers are introducing advanced human-machine interface designs in refrigerators and also manufacturing refrigerators that can automatically recognize the type and weight of the food stored in the refrigerators, and adjust and monitor the temperature as per requirement. For further insights on the household refrigerators market, request a sample here.

What are the major opportunities in the household refrigerators market? What are the strategies for the household refrigerators market?

For detailed insights on the major opportunities and strategies in the household refrigerators market, request a sample here.

How does the household refrigerators market relate to the overall economy and other similar markets?

For detailed insights on household refrigerators market's relation to the overall economy and other similar markets, request a sample here.

What are the latest mergers and acquisitions in the household refrigerators industry?

For detailed insights on the mergers and acquisitions in the household refrigerators industry, request a sample here.

What are the key dynamics influencing the household refrigerators market growth? SWOT analysis of the household refrigerators market.

For detailed insights on the key dynamics influencing the household refrigerators market growth and SWOT analysis of the household refrigerators industry, request a sample here.