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The global household refrigerators and freezers market size reached a value of around USD 99.78 billion in 2023. The market is further expected to grow at a CAGR of 4.40% between 2024 and 2032, reaching a value of around USD 147.68 billion by 2032.
Household refrigerators and freezers are made for storing small amounts of food and drinks at low temperatures, including fruits, leafy vegetables, and other perishable foods as well as frozen foods and cooked foods. Refrigerators and freezers are considered necessary kitchen appliances in households for storing food and beverages safely and conveniently as well as guarding them against contamination.
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Based on type, the market is divided into top-freezer refrigerator, bottom-freezer refrigerator, side-by-side refrigerator, and French door refrigerator, among others. On the basis of capacity, the market is segmented into less than 15 cu. Ft, 15 to 30 cu. Ft, and more than 30 cu. ft. The household refrigerators and freezers market segmentation based on distribution channel is multi-branded stores, speciality stores, and online, among others. The regional markets for household refrigerators and freezers are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model, along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global household refrigerators and freezers market, covering their competitive landscape and the latest developments like mergers, acquisitions, investments, and expansion plans.
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The top-freezer refrigerators accounted for a significant share in the global market for refrigerators and freezers. The freezing section of these refrigerators have a door at the top, while the refrigeration section has a separate door at the bottom. Additionally, these units have a solid reputation for dependability and efficiency, making them popular among users and propelling the global household refrigerators and freezers market size.
During the forecast period, the French door segment is anticipated to grow at a significant rate. French door refrigerators offer more shelf space and wider door bins than other refrigerators since they include distinct areas for storing groceries, drinks, and other food items as well.
North America accounted for a substantial share of the household refrigerators and freezers market, surged by the growing housing market and increasing number of people living independently. The demand for high-end household refrigerators and freezers is rising in North America due to the region's growing use of smart home automation technologies. Additionally, rising disposable income, growing demand for high-quality appliances, increasing demand for home improvement, rising adoption of novel technologies, and easy access to the desired brands are fuelling the household refrigerators and freezers market growth in North America.
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Haier Group Corporation, established in 1984 and headquartered in Qingdao, China, creates, develops, produces, and markets a variety of goods, such as refrigerators, air conditioners, washers, microwaves, freezers, televisions, and water heaters.
Dacor, Inc, founded in 1965 and headquartered in New Jersey in the United States is a producer of ultra-premium kitchen appliances. The company’s kitchenware combines technology and function to produce high-performing, user-friendly items that cater to the needs and lifestyles of all.
Godrej Industries Ltd, a division of the Godrej Group, was established in 1897 and manufactures and markets consumer goods and other related products. With its headquarters in Maharashtra, India, the company sells a variety of goods, such as oleochemicals and surfactants, and animal feeds, among others.
Other market players include Electrolux AB, LG Electronics Inc, Panasonic Holdings Corporation, Koninklijke Philips N.V, Robert Bosch GmbH, Samsung Electronics Co., Ltd, and The Whirlpool Corporation, among others.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Type |
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Breakup by Capacity |
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Breakup by Distribution Channel |
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Breakup by Region |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Household Refrigerators and Freezers Market Analysis
8.1 Key Industry Highlights
8.2 Global Household Refrigerators and Freezers Historical Market (2018-2023)
8.3 Global Household Refrigerators and Freezers Market Forecast (2024-2032)
8.4 Global Household Refrigerators and Freezers Market by Type
8.4.1 Top-Freezer Refrigerator
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Bottom-Freezer Refrigerator
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Side-by-Side Refrigerator
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.4.4 French Door Refrigerator
8.4.4.1 Historical Trend (2018-2023)
8.4.4.2 Forecast Trend (2024-2032)
8.4.5 Others
8.5 Global Household Refrigerators and Freezers Market by Capacity
8.5.1 Less than 15 cu. Ft
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 15 to 30 cu. Ft
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 More than 30 cu. Ft.
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.6 Global Household Refrigerators and Freezers Market by Distribution Channel
8.6.1 Multi-Branded Stores
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Speciality Stores
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Online
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Others
8.7 Global Household Refrigerators and Freezers Market by Region
8.7.1 North America
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Europe
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Asia Pacific
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.7.4 Latin America
8.7.4.1 Historical Trend (2018-2023)
8.7.4.2 Forecast Trend (2024-2032)
8.7.5 Middle East and Africa
8.7.5.1 Historical Trend (2018-2023)
8.7.5.2 Forecast Trend (2024-2032)
9 North America Household Refrigerators and Freezers Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Household Refrigerators and Freezers Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Household Refrigerators and Freezers Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Household Refrigerators and Freezers Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Household Refrigerators and Freezers Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Haier Group Corporation
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Dacor, Inc
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Godrej Industries Ltd
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Electrolux AB
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 LG Electronics Inc
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Panasonic Holdings Corporation
16.2.6.1 Company Overview
16.2.6.2 Product Portfolio
16.2.6.3 Demographic Reach and Achievements
16.2.6.4 Certifications
16.2.7 Koninklijke Philips N.V
16.2.7.1 Company Overview
16.2.7.2 Product Portfolio
16.2.7.3 Demographic Reach and Achievements
16.2.7.4 Certifications
16.2.8 Robert Bosch GmbH
16.2.8.1 Company Overview
16.2.8.2 Product Portfolio
16.2.8.3 Demographic Reach and Achievements
16.2.8.4 Certifications
16.2.9 Samsung Electronics Co., Ltd
16.2.9.1 Company Overview
16.2.9.2 Product Portfolio
16.2.9.3 Demographic Reach and Achievements
16.2.9.4 Certifications
16.2.10 The Whirlpool Corporation
16.2.10.1 Company Overview
16.2.10.2 Product Portfolio
16.2.10.3 Demographic Reach and Achievements
16.2.10.4 Certifications
16.2.11 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Household Refrigerators and Freezers Market: Key Industry Highlights, 2018 and 2032
2. Global Household Refrigerators and Freezers Historical Market: Breakup by Type (USD Million), 2018-2023
3. Global Household Refrigerators and Freezers Market Forecast: Breakup by Type (USD Million), 2024-2032
4. Global Household Refrigerators and Freezers Historical Market: Breakup by Capacity (USD Million), 2018-2023
5. Global Household Refrigerators and Freezers Market Forecast: Breakup by Capacity (USD Million), 2024-2032
6. Global Household Refrigerators and Freezers Historical Market: Breakup by Distribution Channel (USD Million), 2018-2023
7. Global Household Refrigerators and Freezers Market Forecast: Breakup by Distribution Channel (USD Million), 2024-2032
8. Global Household Refrigerators and Freezers Historical Market: Breakup by Region (USD Million), 2018-2023
9. Global Household Refrigerators and Freezers Market Forecast: Breakup by Region (USD Million), 2024-2032
10. North America Household Refrigerators and Freezers Historical Market: Breakup by Country (USD Million), 2018-2023
11. North America Household Refrigerators and Freezers Market Forecast: Breakup by Country (USD Million), 2024-2032
12. Europe Household Refrigerators and Freezers Historical Market: Breakup by Country (USD Million), 2018-2023
13. Europe Household Refrigerators and Freezers Market Forecast: Breakup by Country (USD Million), 2024-2032
14. Asia Pacific Household Refrigerators and Freezers Historical Market: Breakup by Country (USD Million), 2018-2023
15. Asia Pacific Household Refrigerators and Freezers Market Forecast: Breakup by Country (USD Million), 2024-2032
16. Latin America Household Refrigerators and Freezers Historical Market: Breakup by Country (USD Million), 2018-2023
17. Latin America Household Refrigerators and Freezers Market Forecast: Breakup by Country (USD Million), 2024-2032
18. Middle East and Africa Household Refrigerators and Freezers Historical Market: Breakup by Country (USD Million), 2018-2023
19. Middle East and Africa Household Refrigerators and Freezers Market Forecast: Breakup by Country (USD Million), 2024-2032
20. Global Household Refrigerators and Freezers Market Structure
In 2023, the global market for household refrigerators and freezers attained a value of USD 99.78 billion.
The market is projected to grow at a CAGR of 4.40% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 147.68 billion by 2032.
The major drivers of the market include the increasing number of consumers using refrigerators and freezers with sophisticated features, growing purchasing power of consumers, and rising accessibility of household refrigerators and freezers.
The rising need for smart home technology, increasing urbanisation, growing popularity of modular kitchen spaces, and propelling requirement for energy-efficient refrigeration systems are the key trends of the market.
The major regions in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The various types of household refrigerators and freezers in the market are top-freezer refrigerator, bottom-freezer refrigerator, side-by-side refrigerator, and French door refrigerator, among others.
The major players in the household refrigerators and freezers market are Haier Group Corporation, Dacor, Inc, Godrej Industries Ltd, Electrolux AB, LG Electronics Inc, Panasonic Holdings Corporation, Koninklijke Philips N.V, Robert Bosch GmbH, Samsung Electronics Co., Ltd, and The Whirlpool Corporation, among others.
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