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

Household Refrigerators Global Market Report 2023

Starting Price : $4000.00 | Pages : 175 | Published : January 2023 | Delivery Time: 2-3 business days | Format : pdf

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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: Specialty Retailers, Department Stores, Mass Retailers/Hypermarkets/Supermarkets, Discount Stores, Online

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

    Table Of Contents

    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.