Refrigerator Market to record USD 16.67 Bn growth; Growing preference for customized refrigerators to emerge as a key trend — Technavio

The refrigerator market study by Technavio offers comprehensive analysis by type (single door refrigerators, double door refrigerators, French door refrigerators, and others), product (freezer on-top refrigerators, freezer on-bottom refrigerators, and freezer-less and others), and geography (North America, Europe, APAC, South America, and Middle East and Africa)

NEW YORK, Oct. 12, 2022 /PRNewswire/ — The global refrigerator market size is expected to increase by USD 16.67 billion, accelerating at a CAGR of 6.68% between 2021 and 2026. The report identifies the growing preference for customized refrigerators as the key trend in the market. The report also offers detailed information on the impact of the pandemic on businesses and the growth strategies adopted by vendors to flatten their recessionary curve. Download Free Sample Report Now

By type, the single-door refrigerators segment accounted for the largest share of the market in 2021. Similarly, by product, the market observed the maximum growth in the freezer-on-top refrigerator segment in 2021. In terms of geography, North America will account for the maximum revenue generation in the market. About 37% of the overall market growth is expected to come from this region. The surging demand for commercial refrigerators from the food service industry across hotels, restaurants, and bakery outlets is fostering the growth of the regional market.

Refrigerator Market: Major Growth Drivers

The refrigerator market report identifies the following factors as major growth drivers during the forecast period:

• Growing demand for energy-efficient models of commercial refrigeration equipment
• The inclination toward more sophisticated and advanced models
• Increase in the number of supermarkets and hypermarkets

In addition, the growing use of glass door refrigerators at home is expected to emerge as a major trend in the market during the forecast period. Vendors in the market are offering customization options to meet end-user requirements. Customized refrigerators enable consumers to take advantage of the latest technological advances. By adopting customized refrigerators, enterprises can ensure that refrigerators are neither too large nor too small for their use. Many such cost and operational benefits associated with customized refrigerators are increasing their demand among end-users, thereby driving the growth of the market.

The report will help businesses to build resilience by making effective resource and investment choices. Grab a Free Sample Report Now!

Reasons to Buy Refrigerator Market Report:

• CAGR of the market during the forecast period 2022-2026
• Detailed information on factors that will assist refrigerator market growth during the next five years
• Estimation of the refrigerator market size and its contribution to the parent market
• Predictions on upcoming trends and changes in consumer behavior
• The growth of the refrigerator market across North America, Europe, APAC, South America, and the Middle East and Africa
• Analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of refrigerator market vendors

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Table of contents:

1 Executive Summary

• 1.1 Market overview 
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Type
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Product Specification
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem 
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition 
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2021

• 3.4 Market outlook: Forecast for 2021-2026 
• Exhibit 14: Chart on Global – Market size and forecast 2021-2026 ($ million)
• Exhibit 15: Data Table on Global – Market size and forecast 2021-2026 ($ million)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2021-2026 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

• 4.1 Five forces summary 
• Exhibit 18: Five forces analysis – Comparison between 2021 and 2026

• 4.2 Bargaining power of buyers 
• Exhibit 19: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026

• 4.3 Bargaining power of suppliers 
• Exhibit 20: Bargaining power of suppliers – Impact of key factors in 2021 and 2026

• 4.4 Threat of new entrants 
• Exhibit 21: Threat of new entrants – Impact of key factors in 2021 and 2026

• 4.5 Threat of substitutes 
• Exhibit 22: Threat of substitutes – Impact of key factors in 2021 and 2026

• 4.6 Threat of rivalry 
• Exhibit 23: Threat of rivalry – Impact of key factors in 2021 and 2026

• 4.7 Market condition 
• Exhibit 24: Chart on Market condition – Five forces 2021 and 2026

5 Market Segmentation by Type

• 5.1 Market segments 
• Exhibit 25: Chart on Type – Market share 2021-2026 (%)
• Exhibit 26: Data Table on Type – Market share 2021-2026 (%)

• 5.2 Comparison by Type 
• Exhibit 27: Chart on Comparison by Type
• Exhibit 28: Data Table on Comparison by Type

• 5.3 Single door refrigerators – Market size and forecast 2021-2026 
• Exhibit 29: Chart on Single door refrigerators – Market size and forecast 2021-2026 ($ million)
• Exhibit 30: Data Table on Single door refrigerators – Market size and forecast 2021-2026 ($ million)
• Exhibit 31: Chart on Single door refrigerators – Year-over-year growth 2021-2026 (%)
• Exhibit 32: Data Table on Single door refrigerators – Year-over-year growth 2021-2026 (%)

• 5.4 Double door refrigerators – Market size and forecast 2021-2026 
• Exhibit 33: Chart on Double door refrigerators – Market size and forecast 2021-2026 ($ million)
• Exhibit 34: Data Table on Double door refrigerators – Market size and forecast 2021-2026 ($ million)
• Exhibit 35: Chart on Double door refrigerators – Year-over-year growth 2021-2026 (%)
• Exhibit 36: Data Table on Double door refrigerators – Year-over-year growth 2021-2026 (%)

• 5.5 French door refrigerators – Market size and forecast 2021-2026 
• Exhibit 37: Chart on French door refrigerators – Market size and forecast 2021-2026 ($ million)
• Exhibit 38: Data Table on French door refrigerators – Market size and forecast 2021-2026 ($ million)
• Exhibit 39: Chart on French door refrigerators – Year-over-year growth 2021-2026 (%)
• Exhibit 40: Data Table on French door refrigerators – Year-over-year growth 2021-2026 (%)

• 5.6 Others – Market size and forecast 2021-2026
• Exhibit 41: Chart on Others – Market size and forecast 2021-2026 ($ million)
• Exhibit 42: Data Table on Others – Market size and forecast 2021-2026 ($ million)
• Exhibit 43: Chart on Others – Year-over-year growth 2021-2026 (%)
• Exhibit 44: Data Table on Others – Year-over-year growth 2021-2026 (%)

• 5.7 Market opportunity by Type 
• Exhibit 45: Market opportunity by Type ($ million)

6 Market Segmentation by Product Specification

• 6.1 Market segments 
• Exhibit 46: Chart on Product Specification – Market share 2021-2026 (%)
• Exhibit 47: Data Table on Product Specification – Market share 2021-2026 (%)

• 6.2 Comparison by Product Specification 
• Exhibit 48: Chart on Comparison by Product Specification
• Exhibit 49: Data Table on Comparison by Product Specification

• 6.3 Freezer on-top refrigerators – Market size and forecast 2021-2026 
• Exhibit 50: Chart on Freezer on-top refrigerators – Market size and forecast 2021-2026 ($ million)
• Exhibit 51: Data Table on Freezer on-top refrigerators – Market size and forecast 2021-2026 ($ million)
• Exhibit 52: Chart on Freezer on-top refrigerators – Year-over-year growth 2021-2026 (%)
• Exhibit 53: Data Table on Freezer on-top refrigerators – Year-over-year growth 2021-2026 (%)

• 6.4 freezer on-bottom refrigerators – Market size and forecast 2021-2026 
• Exhibit 54: Chart on freezer on-bottom refrigerators – Market size and forecast 2021-2026 ($ million)
• Exhibit 55: Data Table on freezer on-bottom refrigerators – Market size and forecast 2021-2026 ($ million)
• Exhibit 56: Chart on freezer on-bottom refrigerators – Year-over-year growth 2021-2026 (%)
• Exhibit 57: Data Table on freezer on-bottom refrigerators – Year-over-year growth 2021-2026 (%)

• 6.5 Freezer-less and others – Market size and forecast 2021-2026 
• Exhibit 58: Chart on Freezer-less and others – Market size and forecast 2021-2026 ($ million)
• Exhibit 59: Data Table on Freezer-less and others – Market size and forecast 2021-2026 ($ million)
• Exhibit 60: Chart on Freezer-less and others – Year-over-year growth 2021-2026 (%)
• Exhibit 61: Data Table on Freezer-less and others – Year-over-year growth 2021-2026 (%)

• 6.6 Market opportunity by Product Specification
• Exhibit 62: Market opportunity by Product Specification ($ million)

7 Customer Landscape

• 7.1 Customer landscape overview 
• Exhibit 63: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

8 Geographic Landscape

• 8.1 Geographic segmentation 
• Exhibit 64: Chart on Market share by geography 2021-2026 (%)
• Exhibit 65: Data Table on Market share by geography 2021-2026 (%)

• 8.2 Geographic comparison 
• Exhibit 66: Chart on Geographic comparison
• Exhibit 67: Data Table on Geographic comparison

• 8.3 North America – Market size and forecast 2021-2026
• Exhibit 68: Chart on North America – Market size and forecast 2021-2026 ($ million)
• Exhibit 69: Data Table on North America – Market size and forecast 2021-2026 ($ million)
• Exhibit 70: Chart on North America – Year-over-year growth 2021-2026 (%)
• Exhibit 71: Data Table on North America – Year-over-year growth 2021-2026 (%)

• 8.4 Europe – Market size and forecast 2021-2026 
• Exhibit 72: Chart on Europe – Market size and forecast 2021-2026 ($ million)
• Exhibit 73: Data Table on Europe – Market size and forecast 2021-2026 ($ million)
• Exhibit 74: Chart on Europe – Year-over-year growth 2021-2026 (%)
• Exhibit 75: Data Table on Europe – Year-over-year growth 2021-2026 (%)

• 8.5 APAC – Market size and forecast 2021-2026
• Exhibit 76: Chart on APAC – Market size and forecast 2021-2026 ($ million)
• Exhibit 77: Data Table on APAC – Market size and forecast 2021-2026 ($ million)
• Exhibit 78: Chart on APAC – Year-over-year growth 2021-2026 (%)
• Exhibit 79: Data Table on APAC – Year-over-year growth 2021-2026 (%)

• 8.6 South America – Market size and forecast 2021-2026
• Exhibit 80: Chart on South America – Market size and forecast 2021-2026 ($ million)
• Exhibit 81: Data Table on South America – Market size and forecast 2021-2026 ($ million)
• Exhibit 82: Chart on South America – Year-over-year growth 2021-2026 (%)
• Exhibit 83: Data Table on South America – Year-over-year growth 2021-2026 (%)

• 8.7 Middle East and Africa – Market size and forecast 2021-2026 
• Exhibit 84: Chart on Middle East and Africa – Market size and forecast 2021-2026 ($ million)
• Exhibit 85: Data Table on Middle East and Africa – Market size and forecast 2021-2026 ($ million)
• Exhibit 86: Chart on Middle East and Africa – Year-over-year growth 2021-2026 (%)
• Exhibit 87: Data Table on Middle East and Africa – Year-over-year growth 2021-2026 (%)

• 8.8 US – Market size and forecast 2021-2026
• Exhibit 88: Chart on US – Market size and forecast 2021-2026 ($ million)
• Exhibit 89: Data Table on US – Market size and forecast 2021-2026 ($ million)
• Exhibit 90: Chart on US – Year-over-year growth 2021-2026 (%)
• Exhibit 91: Data Table on US – Year-over-year growth 2021-2026 (%)

• 8.9 China – Market size and forecast 2021-2026
• Exhibit 92: Chart on China – Market size and forecast 2021-2026 ($ million)
• Exhibit 93: Data Table on China – Market size and forecast 2021-2026 ($ million)
• Exhibit 94: Chart on China – Year-over-year growth 2021-2026 (%)
• Exhibit 95: Data Table on China – Year-over-year growth 2021-2026 (%)

• 8.10 Germany – Market size and forecast 2021-2026
• Exhibit 96: Chart on Germany – Market size and forecast 2021-2026 ($ million)
• Exhibit 97: Data Table on Germany – Market size and forecast 2021-2026 ($ million)
• Exhibit 98: Chart on Germany – Year-over-year growth 2021-2026 (%)
• Exhibit 99: Data Table on Germany – Year-over-year growth 2021-2026 (%)

• 8.11 UK – Market size and forecast 2021-2026
• Exhibit 100: Chart on UK – Market size and forecast 2021-2026 ($ million)
• Exhibit 101: Data Table on UK – Market size and forecast 2021-2026 ($ million)
• Exhibit 102: Chart on UK – Year-over-year growth 2021-2026 (%)
• Exhibit 103: Data Table on UK – Year-over-year growth 2021-2026 (%)

• 8.12 Japan – Market size and forecast 2021-2026
• Exhibit 104: Chart on Japan – Market size and forecast 2021-2026 ($ million)
• Exhibit 105: Data Table on Japan – Market size and forecast 2021-2026 ($ million)
• Exhibit 106: Chart on Japan – Year-over-year growth 2021-2026 (%)
• Exhibit 107: Data Table on Japan – Year-over-year growth 2021-2026 (%)

• 8.13 Market opportunity by geography 
• Exhibit 108: Market opportunity by geography ($ million)

9 Drivers, Challenges, and Trends

• 9.1 Market drivers

• 9.2 Market challenges

• 9.3 Impact of drivers and challenges 
• Exhibit 109: Impact of drivers and challenges in 2021 and 2026

• 9.4 Market trends

10 Vendor Landscape

• 10.1 Overview

• 10.2 Vendor landscape 
• Exhibit 110: Overview on Criticality of inputs and Factors of differentiation

• 10.3 Landscape disruption 
• Exhibit 111: Overview on factors of disruption

• 10.4 Industry risks 
• Exhibit 112: Impact of key risks on business

11 Vendor Analysis

• 11.1 Vendors covered 
• Exhibit 113: Vendors covered

• 11.2 Market positioning of vendors 
• Exhibit 114: Matrix on vendor position and classification

• 11.3 AB Electrolux 
• Exhibit 115: AB Electrolux – Overview
• Exhibit 116: AB Electrolux – Business segments
• Exhibit 117: AB Electrolux – Key offerings
• Exhibit 118: AB Electrolux – Segment focus

• 11.4 Haier Smart Home Co. Ltd. 
• Exhibit 119: Haier Smart Home Co. Ltd. – Overview
• Exhibit 120: Haier Smart Home Co. Ltd. – Business segments
• Exhibit 121: Haier Smart Home Co. Ltd. – Key offerings
• Exhibit 122: Haier Smart Home Co. Ltd. – Segment focus

• 11.5 Hitachi Ltd. 
• Exhibit 123: Hitachi Ltd. – Overview
• Exhibit 124: Hitachi Ltd. – Business segments
• Exhibit 125: Hitachi Ltd. – Key news
• Exhibit 126: Hitachi Ltd. – Key offerings
• Exhibit 127: Hitachi Ltd. – Segment focus

• 11.6 LG Electronics Inc. 
• Exhibit 128: LG Electronics Inc. – Overview
• Exhibit 129: LG Electronics Inc. – Business segments
• Exhibit 130: LG Electronics Inc. – Key news
• Exhibit 131: LG Electronics Inc. – Key offerings
• Exhibit 132: LG Electronics Inc. – Segment focus

• 11.7 Panasonic Corp 
• Exhibit 133: Panasonic Corp – Overview
• Exhibit 134: Panasonic Corp – Business segments
• Exhibit 135: Panasonic Corp – Key news
• Exhibit 136: Panasonic Corp – Key offerings
• Exhibit 137: Panasonic Corp – Segment focus

• 11.8 Samsung Electronics Co. Ltd. 
• Exhibit 138: Samsung Electronics Co. Ltd. – Overview
• Exhibit 139: Samsung Electronics Co. Ltd. – Business segments
• Exhibit 140: Samsung Electronics Co. Ltd. – Key news
• Exhibit 141: Samsung Electronics Co. Ltd. – Key offerings
• Exhibit 142: Samsung Electronics Co. Ltd. – Segment focus

• 11.9 Sharp Corp. 
• Exhibit 143: Sharp Corp. – Overview
• Exhibit 144: Sharp Corp. – Business segments
• Exhibit 145: Sharp Corp. – Key news
• Exhibit 146: Sharp Corp. – Key offerings
• Exhibit 147: Sharp Corp. – Segment focus

• 11.10 TOSHIBA CORP 
• Exhibit 148: TOSHIBA CORP – Overview
• Exhibit 149: TOSHIBA CORP – Business segments
• Exhibit 150: TOSHIBA CORP – Key offerings
• Exhibit 151: TOSHIBA CORP – Segment focus

• 11.11 Voltas Ltd 
• Exhibit 152: Voltas Ltd – Overview
• Exhibit 153: Voltas Ltd – Business segments
• Exhibit 154: Voltas Ltd – Key offerings
• Exhibit 155: Voltas Ltd – Segment focus

• 11.12 Whirlpool Corp. 
• Exhibit 156: Whirlpool Corp. – Overview
• Exhibit 157: Whirlpool Corp. – Business segments
• Exhibit 158: Whirlpool Corp. – Key offerings
• Exhibit 159: Whirlpool Corp. – Segment focus

12 Appendix

• 12.1 Scope of the report

• 12.2 Inclusions and exclusions checklist 
• Exhibit 160: Inclusions checklist
• Exhibit 161: Exclusions checklist

• 12.3 Currency conversion rates for US$ 
• Exhibit 162: Currency conversion rates for US$

• 12.4 Research methodology 
• Exhibit 163: Research methodology
• Exhibit 164: Validation techniques employed for market sizing
• Exhibit 165: Information sources

• 12.5 List of abbreviations 
• Exhibit 166: List of abbreviations

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Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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