Household Refrigerator Market
Household Refrigerator Market Global Industry Assessment & Forecast
#
Pages:
180
2021
Nov - 2021
VMR-2021-0481
Segments Covered
By
Door Type Single Door, Double Door
-
By
Structure Built-in, Freestanding
-
By
Capacity Less than 15 cu. Ft., 15 to 30 cu. Ft., More than 30 cu. Ft.
Snapshot
 Forecast
Years:
|
2021 - 2028 |
 Historical
Years:
|
2016 - 2020 |
 Revenue
2021: |
14925 Million |
 Revenue 2028:
|
20300.5 Million |
 Revenue CAGR
(2021 - 2028): |
4 |
Fastest Growing Region (2022 -
2028)
|
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
Door Type Analysis: Preview On the basis of Door Type,
the market is segmented into Single Door, Double Door. Double Door Segment held the
highest share in 2020 and is expected to grow at a significant rate over the
forecast period. This is attributed to the rising demand for the Double Door Segment
in developing countries such as China and India. Digitalization in Asia Pacific
region has led to a surge in the usage of technology in various business
processes over the past few years. Rising adoption of online platforms across
various sectors along with analytical solutions, IoT, AI, and Blockchain
technology to gain a competitive advantage is also paving the way for the Household Refrigerator
market growth. Structure
Analysis: Preview
Based on Structure,
the market is segmented into Built-in, Freestanding. Freestanding held the
largest share and is projected to grow at a notable CAGR over the coming years.
Rising demand for Household Refrigerator in various countries
such as the U.S., Germany, China, India, and Japan, among others is likely to
support the growth of the market. Numerous companies are focusing on investing
heavily in this application to cater the end user requirements effectively.
Global Household Refrigerator Market: Door Type Segment Analysis
-
- Single Door
- Double Door
Global Household Refrigerator Market: Structure Segment Analysis
-
- Built-in
- Freestanding
Global Household Refrigerator Market: Capacity Segment Analysis
-
- Less than 15 cu. Ft.
- 15 to 30 cu. Ft.
- More than 30 cu. Ft.
FAQ
Frequently Asked Question
What is the global demand for Household Refrigerator in terms of revenue?
-
The global Household Refrigerator valued at 14925 Million in 2020 and is expected to reach 20300.5 Million in 2028 growing at a CAGR of 4%.
Which are the prominent players in the market?
-
The prominent players in the market are Godrej Industries, AB Electrolux, Robert Bosch GmbH, Hisense, Panasonic Corporation, LG Electronics, Samsung Electronics, The Whirlpool Corporation, Haier Group Corporation, Siemens, Dacor Inc, Dover Corporation, Philips Electronics..
At what CAGR is the market projected to grow within the forecast period?
-
The market is project to grow at a CAGR of 4% between 2021 and 2028.
What are the driving factors fueling the growth of the market?
-
The driving factors of the Household Refrigerator include
- The huge demand and the requirment due to the increasing population and urbanization in various economies is expected to drive the growth of the market in the years to come.
- The subsequent technology and design advancements have substituted conventional units, thereby creating continuous opportunities and supporting the growth of the market over the forecast period.
Which region accounted for the largest share in the market?
-
Asia Pacific was the leading regional segment of the Household Refrigerator in 2020.
