Global Refrigerator Market 2024-2028
The refrigerator market is forecasted to grow by USD 49.08 bn during 2023-2028, accelerating at a CAGR of 6.91% during the forecast period. The report on the refrigerator market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growing demand for energy-efficient models of commercial refrigeration equipment, inclination toward more sophisticated and advanced models of refrigerators, and increase in number of supermarkets and hypermarkets.
Technavio's refrigerator market is segmented as below:
By Product Specification
- Freezer on-top refrigerators
- Freezer on-bottom refrigerators
- Freezer-less refrigerators
By Type
- Single door refrigerator
- Double door refrigerator
- French door refrigerators
- Others
By Geographical Landscape
- North America
- Europe
- APAC
- South America
- Middle East and Africa
This study identifies the increasing integration of IoT in refrigerators as one of the prime reasons driving the refrigerator market growth during the next few years. Also, growing preference for customized refrigerators and new refrigerator launches will lead to sizable demand in the market.
The report on the refrigerator market covers the following areas:
- Refrigerator market sizing
- Refrigerator market forecast
- Refrigerator market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading refrigerator market vendors that include AB Electrolux, Arcelik A.S., FRIGIDAIRE, Godrej and Boyce Manufacturing Co. Ltd., Gree Electric Appliances Inc. of Zhuhai, Haier Smart Home Co. Ltd., Hisense International Co. Ltd., Hitachi Ltd., HOSHIZAKI Corp., LG Electronics Inc., MIDEA Group Co. Ltd., Panasonic Holdings Corp., Robert Bosch GmbH, Samsung Electronics Co. Ltd., Sharp Corp., Siemens AG, TCL Electronics Holdings Ltd., Toshiba Corp., Voltas Ltd., and Whirlpool Corp.. Also, the refrigerator market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.