The Refrigerators Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the Refrigerators Market?
The market size of refrigerators has seen significant growth recently. The market size is expected to increase from $51 billion in 2024 to $54.15 billion in 2025, signifying a compound annual growth rate (CAGR) of 6.2%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Refrigerators Industry?
The global refrigerators market is projected to reach $67.11 billion by the year 2029, growing at a compound annual growth rate (CAGR) of 5.5%.
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What are the Key Growth Drivers Fueling the Refrigerators Market?
The key drivers in the refrigerators market are:
• Rise in energy efficiency and sustainability practices
• Growing trend of smart home appliances integration
• Increased focus on health and wellness
• High demand for customization and aesthetics in refrigerator design
Global Market Segmentation: Identifying Major Refrigerators Industry 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/Hyper markets/Super markets, Discount Stores, Online
4) By Application: Household, Commercial Use, Industrial Use
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What are the Emerging Trends Shaping the Future of the Refrigerators Market?
The key trends in the refrigerators market are:
• The trend towards energy-efficient and sustainable refrigerators is shaping the future of the market.
• Smart home integration is an emerging trend in the refrigerators market.
• The demand for personalized aesthetics and design customizations in refrigerators is gaining momentum.
• The rise of specialty refrigerators, like French door and wifi-connected units, is a significant market trend.
Who Are the Top Competitors & Leading Players in the Refrigerators Market?
Major companies in the refrigerators market are:
• 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.
Regional Dominance: Which Area Leads the Global Refrigerators Market?
Asia-Pacific was the largest region in the refrigerators market in 2023
