
Household Refrigerators Market
Household Refrigerators Market Global Industry Assessment & Forecast
Segments Covered
By Door Type Single Door, Double Door
By Structure Built-in, Freestanding
By Capicity Less than 15 cu. Ft., 15 to 30 cu. Ft., More than 30 cu. Ft.
Snapshot
![]() |
2021 - 2028 |
![]() |
2016 - 2020 |
![]() |
81.90 Billion |
![]() |
119.17 Billion |
![]() |
4.8 |
![]() |
Asia Pacific |
Customization Offered
Cross-segment Market Size and Analysis for Mentioned Segments
Additional Company Profiles (Upto 5 With No Cost)
Additional Countries (Apart From Mentioned Countries)
Country/Region-specific Report
Go To Market Strategy
Region Specific Market Dynamics
Region Level Market Share
Import Export Analysis
Production Analysis
Others Request Customization Speak To Analyst
Key Insights
The global Household Refrigerators market was valued at USD 81.90 Billion in 2020 and is projected to reach USD 119.17 Billion by 2028, growing at a CAGR of 4.8% from 2021 to 2028.

Years | Parameters |
---|---|
Historical Data (Actual Data) | 2016-2020 |
Base Year Data | 2020 |
Current Year Date | 2021 |
Projected year data | 2021-2026 |
Annual Market Size (2028) | 119.17 Billion |
Annual Market Size (2021) | |
CAGR (2021 - 2028) | 4.8% |
Definition And Overview
A household refrigerator is small cold storage where many food products like meat, fish, milk,vegetables, fruits, ice cream, water and more. Condenser of the small refrigerators are natural convection type, while the larger refrigerators have a fan for forced air circulation over the condenser. The global Household Refrigerators market report provides a
thorough analysis of each segment including Door Type,Structure and
Capicity for each region, and country. All the segments are studied
considering historical and future trends across geographies. All the segments covers
trends, market size, and forecasts, and the data is provided for the years
2016–2028. Moreover, the report also covers exhaustive analysis on competitive
scenario of the global market covering in depth company profiles based on
business overview, financial performance, product portfolio, business
strategies, recent developments, and market share among others. In addition to
that the report offers several market impacting factors such as drivers,
restraints, and opportunities. Cumulatively, the report will cover all of the aspects
regarding the global Household Refrigerators market.
COVID-19 Impact Analysis
In 2020, swift spread of COVID-19 largely
impacted the global business operations, disrupting the supply chain and
impairing various industries. The global trading activities were declined
severely owing to the nationwide lockdowns, international border seals, and
strict social distancing measures. This had a drastic impact on the global economy,
as the companies across the globe were forced to either fully close or
partially close their operations, leading to disruption in the supply-demand
ratio. Moreover, in 2021 several key markets such as U.S., India, and Brazil
among others witnessed a second wave of COVID-19 that further disrupted the
market. However, it is expected that reopening of trade activities, the market
will witness steady growth in demand in the coming years. The impact of
COVID-19 on the market demand is considered while estimating the current and
forecast market size and growth trends for all the regions and countries. The report provides a completely separate
chapter for COVID-19 Impact Analysis. This chapter includes: o
Impact Assessment of COVID-19
Pandemic o
Pre & Post COVID-19 Market
Size o
Qualitative analysis on the
short term & long term impact of COVID-19 on the market
o The
analysis provides foremost strategies adopted by competitors to minimize the
impact of the pandemic on their business activities and scope for future
developments.
Industry Analysis
The
report covers an exhaustive analysis of Household Refrigerators industry that includes
drivers, restraints/challenges, opportunities, and segmental/regional trends
among others. Apart from that, it will also cover extensive information on
various marketing tools such as PEST Analysis, Porter’s Five Forces Analysis, pricing
trends, SWOT analysis, and value chain analysis
along with technological landscape and regulatory framework specific to Household Refrigerators
industry.
The product innovation along with the increasing consumer preference for smart equipment is is anticipated to augment the growth of the market over the forecast period. Additionally, the rising demand for refrigeration technology,increasing purchasing power of consumers, rise in the number of population and hence nuclear families, and growing adoption of modular kitchen spaces, are further expected to augment the growth of the market in the near future. The low growth in rural region with inadequate infrastructure is expected to hamper the household refrigerators market growth.
Global Household Refrigerators Market Report Scope
Parameter | Details |
---|---|
Market Size Provided for Years | 2016-2028 |
Base Year | 2020 |
Historic Years | 2016-2020 |
Forecast Years | 2021-2028 |
Market Size Provided In Terms Of | Revenue & Volume |
Segments Covered | Door Type, Structure, Capicity |
Regions Covered | North America, Europe, Asia Pacific, Latin America, and Middle East & Africa |
Countries Covered | The U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, South East Asia, Brazil, Argentina, GCC Countries, and South Africa, among others |
Companies Covered | AB Electrolux, Dover Corporation, LG Electronics, Whirlpool Corporation, Samsung, Robert Bosch GmbH. |
Report Coverage | Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, technology landscape, patent analysis, market attractiveness analysis by segments and Asia Pacific, company market share analysis, and COVID-19 impact analysis |
Market Segmentation
Door Type Analysis: Preview On the basis of Door Type,
the market is segmented into Single Door, Double Door. Double Door held the highest
share in the global Household Refrigerators market and
is projected to witness the same trend during the forecast period. Structure Analysis:
Preview Based on Structure,
the market is segmented into Built-in, Freestanding. Built-in accounted
for the highest market share and is expected to grow at a significant CAGR from
2021 to 2028. Capicity Analysis:
Preview
Based
on Capicity, the market is segmented into Less than 15 cu. Ft., 15 to 30 cu. Ft., More than 30 cu. Ft.. 15 to 30 cu. Ft.
dominates the global Household Refrigerators
market and is expected to continue the same trend from 2021 to 2028.
Global Household Refrigerators Market: Door Type Segment Analysis
-
- Single Door
- Double Door
Global Household Refrigerators Market: Structure Segment Analysis
-
- Built-in
- Freestanding
Global Household Refrigerators Market: Capicity Segment Analysis
-
- Less than 15 cu. Ft.
- 15 to 30 cu. Ft.
- More than 30 cu. Ft.
Regional Analysis: Preview
Based on geography, the global Household Refrigerators market is segmented into North America, Latin America, Asia Pacific, Europe, and the Middle East & Africa. The regional section is further bifurcated into key country level markets for each region. Some of the prominent country-level markets are U.S., China, Germany, France, India, and Japan. It covers market size and estimations for each segment by region and country for the years 2016–2028. Asia Pacific dominates the global Household Refrigerators market and is expected to continue the same trend during upcoming years. This is accredited to the presence of key market players combined with rising demand from the end-users.
Market Size, 2021 (USD Billion)
Global Household Refrigerators Market: Regional Analysis
- North America
- U.S.
- Canada
- Mexico
- Europe
- UK
- France
- Germany
- Italy
- Spain
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Brazil
- Rest of Latin America
- Middle East and Africa
- GCC Countries
- South Africa
- Rest of MEA
Competitive Landscape
Major players in the global Household Refrigerators market are AB Electrolux, Dover Corporation, LG Electronics, Whirlpool Corporation, Samsung, Robert Bosch GmbH.. The global Household Refrigerators market report covers an exhaustive analysis of all the key players in the industry. This includes a business overview, extensive portfolio, business strategies, news, financial performance, length of distribution network, and geographical presence among others. In addition to that, the report also covers company market share along with in-depth strategic developments.
Global Household Refrigerators Market: Key Highlights
FAQ
Frequently Asked Question
What is the global demand for Household Refrigerators in terms of revenue?
-
The global Household Refrigerators valued at 81.90 Billion in 2020 and is expected to reach 119.17 Billion in 2028 growing at a CAGR of 4.8%.
Which are the prominent players in the market?
-
The prominent players in the market are AB Electrolux, Dover Corporation, LG Electronics, Whirlpool Corporation, Samsung, Robert Bosch GmbH..
At what CAGR is the market projected to grow within the forecast period?
-
The market is project to grow at a CAGR of 4.8% between 2021 and 2028.
What are the driving factors fueling the growth of the market?
-
The driving factors of the Household Refrigerators include
- The product innovation along with the increasing consumer preference for smart equipment is is anticipated to augment the growth of the market over the forecast period.
- Additionally, the rising demand for refrigeration technology,increasing purchasing power of consumers, rise in the number of population and hence nuclear families, and growing adoption of modular kitchen spaces, are further expected to augment the growth of the market in the near future.
Which region accounted for the largest share in the market?
-
Asia Pacific was the leading regional segment of the Household Refrigerators in 2020.