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Global Refrigerator Market 2016-2020

  • Executive summary
    • Highlights
  • Scope of the report
    • Market overview
      • Table Segmentation by freezer location, door type, and distribution channels
    • Top-vendor offerings
      • Table Product offerings
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
  • Market landscape
    • Market overview
      • Table Global kitchen appliance overview
      • Table Important factors affecting the growth of kitchen appliances market globally
      • Table Global kitchen appliances market 2014-2020 ($ billions)
      • Table Penetration rate of refrigerator in households of different regions
      • Table Purchasing criteria of consumers for residential refrigerators in 2015
    • Market size and forecast
      • Table Global refrigerator market 2015-2020 ($ billions)
      • Table New privately owned housing units started in the US 2012-2014
      • Table Some of the popular technologies in refrigerators gaining consumers' attention
      • Table Compressors used in refrigerators
      • Table Comparison between conventional refrigerators and inverter technology refrigerators
      • Table Functions of inverter refrigerator according to the seasons
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by freezer location
    • Freezer-on-top refrigerators
    • Freezer-on-bottom refrigerators
    • Freezer-less and others
      • Table Global refrigerator market segmentation by freezer location by market share (%)
  • Market segmentation by door type
    • Single-door refrigerator
    • Double-door refrigerator
    • French door refrigerator
    • Others
      • Table Global refrigerator market segmentation by door type and by market share 2015 (%)
  • Market segmentation by distribution channel
    • Table Segmentation by distribution channel in 2015
  • Geographical segmentation
    • North America
      • Table Advertisement market share of different types of refrigerator in Canada in 2015 (%)
    • Europe
    • APAC
      • Table Global electricity consumption on household cold appliances (refrigerators and freezers) by region in 2015 (%)
    • MEA
      • Table Segmentation by geographical segmentation in 2015
      • Table Country share for refrigerator export, by country in 2015 (%)
  • Key leading countries
    • US
      • Table Advertisement market share of the US for different refrigerators in 2015 (%)
    • Germany
      • Table Share of households with refrigerators in Germany in 2014 and 2015
    • Japan
    • China
    • Russia
  • Market drivers
    • Warmer/hotter weather conditions and need for food preservation
      • Table Products and average storage days in refrigerator
    • Use of eco-friendly and energy-efficient technologies in refrigerators
      • Table Global electricity usage (kWh) per annum by regular household appliances 2015 (%)
    • Inclination toward more sophisticated and advanced models
  • Impact of drivers
    • Table Impact of drivers
  • Market challenges
    • Requirement of high innovation and R&D investments
    • Low replacement need due to high average lifespan
    • Continuous demand for support and services
    • High cost of technologically advanced refrigerators
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
    • Trend for smart and technologically advanced refrigerators
      • Table Perception of consumers and manufacturers on smart appliances for different parameters
    • Retro designs and color-rich patterns
    • Growing use of glass door refrigerator at home
      • Table Factors making consumers opt for glass door refrigerators
  • Vendor landscape
    • Competitive landscape
      • Table Competitive assessment of top players
  • Key vendor analysis
    • Electrolux
      • Table Electrolux: Business segmentation by revenue 2015
      • Table Electrolux: Geographical segmentation by revenue 2015
    • Haier
      • Table Haier: Business segmentation by revenue 2015
      • Table Haier: Geographical segmentation by revenue 2015
    • LG Electronics
      • Table LG Electronics: Business segmentation by revenue 2015
      • Table LG Electronics: Geographical segmentation by revenue 2015
    • Samsung Electronics
      • Table Samsung Electronics: Business segmentation by revenue 2015
      • Table Samsung Electronics: Geographical segmentation by revenue 2015
    • Whirlpool
      • Table Whirlpool: Business segmentation by revenue 2015
      • Table Whirlpool: Geographical segmentation by revenue 2015
    • Other prominent vendors
  • Appendix
    • List of abbreviations
  • Explore Technavio

Global Refrigerator Market 2016-2020

About Refrigerator Market

The refrigerator market in developed regions is growing at a low rate because the household penetration rate for primary refrigeration appliance is already at a high level and has reached the mature stage. Refrigerator has become an essential durable for everyday household and is being used by consumers in developed countries for years now. With minimum average product lifespan of five years and maximum lifespan of 8-10 years, the product has long replacement cycles.

Technavio’s analysts forecast the global refrigerator market to grow at a CAGR of 4.5% during the period 2016-2020.

Covered in this report

The report covers the present scenario and the growth prospects of the global refrigerator market for 2016-2020. To calculate the market size, the report considers the revenue generated from the sales of refrigerators worldwide.

The market is divided into the following segments based on geography:

  • APAC
  • Europe
  • MEA
  • North America
Technavio's report, Global Refrigerator Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Electrolux
  • Haier
  • LG Electronics
  • Samsung Electronics
  • Whirlpool
Other prominent vendors
  • Arçelik
  • Bosch
  • Godrej
  • Hisense
  • Hitachi
  • Midea
  • Miele
  • Mitsubishi Electric
  • Panasonic
  • Sharp
  • Toshiba
Market driver
  • Inclination toward more sophisticated and advanced models
  • For a full, detailed list, view our report
Market challenge
  • Low replacement need due to high average lifespan
  • For a full, detailed list, view our report
Market trend
  • Retro designs and color-rich patterns
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2020 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global Refrigerator Market 2016-2020

Technavio recognizes the following companies as the key players in the global refrigerator market: Electrolux, Haier, LG Electronics, Samsung Electronics, and Whirlpool.

Other Prominent Vendors in the market are: Arçelik, Bosch, Godrej, Hisense, Hitachi, Midea, Miele, Mitsubishi Electric, Panasonic, Sharp, and Toshiba.

Commenting on the report, an analyst from Technavio’s team said: “Growing use of glass door refrigerator at home will be a key trend for market growth. A greater demand for time-saving and convenient home appliances has been observed owing to the busy schedules of individuals. Thus, players are continuously re-inventing refrigerators according to the needs of consumers. One such type is the glass door refrigerator. Earlier these refrigerators were used for cold storage at commercial places. However, these refrigerators have now penetrated homes. They facilitate a look at the ingredients without opening the door.”

According to the report, warmer or hotter weather condition is the primary driver for the refrigerator market. The hot and humid weather conditions have made consumers increasingly concerned about food spoilage and hygiene levels (for cooked food, perishable food items, beverages, and others) and have generated the demand for efficient refrigerators. The low temperatures inside the refrigerator slow down the growth of microorganisms and the rate of chemical (including enzymes) changes in food. This allows for food storage for a few days until consumption.

Further, the report states that the high cost of refrigerator types like freezer-on-bottom refrigerators and smart connected refrigerators is hindering the growth of the market. The prices offered by global players are very high, which pose a significant challenge as most end-users in developing countries (like India and China) are reluctant to make such premium purchases, which affects the overall revenue of the global refrigerator market. The high cost of these refrigerators allows only the elite section of the population to adopt these refrigerators.



Companies Mentioned

Electrolux, Haier, LG Electronics, Samsung Electronics, Whirlpool, Arçelik, Bosch, Godrej, Hisense, Hitachi, Midea, Miele, Mitsubishi Electric, Panasonic, Sharp, Toshiba.

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