North America Refrigerator Market Report and Forecast 2025-2034

North America Refrigerator Market Size

The North America refrigerator market reached approximately USD 505.75 billion in 2024. The market is projected to grow at a CAGR of 4.8% between 2025 and 2034, reaching a value of around USD 770.09 billion by 2034.

North America Refrigerator Market Outlook

• Retail e-commerce sales in the United States saw a 2.1% growth compared to the fourth quarter of 2023, reaching $289.2 billion in the first quarter of 2024.

• In 2019, the total value of electronic products imported by the United States reached $485.3 billion.

• During the initial quarter of 2024, personal consumption expenditures accounted for approximately 68% of the USA's GDP.

North America Refrigerator Market Growth

Between January and September 2021, there was a 45% increase in the sales of luxury major kitchen appliances such as refrigerators, cooktops, and ovens in the United States. French-door refrigerators were the top sellers in the luxury appliance category, experiencing a remarkable 72% revenue growth, making them the highest revenue-generating products among all major kitchen appliances.

Evolving consumer lifestyles, with a growing desire for fresh food storage, larger capacities, and multi-functional appliances, are fuelling the demand for advanced refrigerators in North America. Advancements in refrigeration technology, including smart refrigerators, energy-efficient models, and advanced cooling technologies, appeal to consumers seeking modern and convenient features. Furthermore, the increasing trend towards smart home integration and the Internet of Things (IoT) is driving the need for smart refrigerators that offer remote control, real-time updates, and seamless integration with other smart home devices.

Energy-efficient refrigerators are gaining popularity as energy costs rise, environmental concerns grow, and regulatory standards focus on reducing energy consumption. The regional government is also implementing measures to encourage energy efficiency. In January 2023, the U.S. Department of Energy officially established new energy efficiency standards for residential refrigerators and freezers, which are projected to result in over $36 billion in savings for consumers over the next thirty years.

North America Refrigerator Industry Segmentation

“North America Refrigerator Market Report and Forecast 2025-2034” offers a detailed analysis of the market based on the following segments:

Market Breakup by Type

• Top-freezer Refrigerator

• Bottom-freezer Refrigerator

• Side-by-side Refrigerator

• French Door Refrigerator

Market Breakup by Technology

• Inverter

• Non-Inverter

Market Breakup by Application

• Household

• Commercial and Industrial 

Market Breakup by Distribution Channel

• Supermarkets and Hypermarkets

• Speciality Stores

• Online

• Others

Market Breakup by Country

• United States of America

• Canada

North America Refrigerator Market Share

Based on application, the market is segmented into household and commercial and industrial. The commercial and industrial segment is projected to grow at a CAGR of 5.4% during the forecast period of 2025-2034.Refrigerators are essential in commercial and industrial environments as they help preserve perishable items, guarantee product safety, and uphold quality standards. Their usage is widespread across different sectors such as food and beverage, pharmaceuticals, chemicals, and others, underscoring their significance in contemporary business activities.

Leading Companies in the North America Refrigerator Market

Major players are focusing on the production of smart and energy efficient refrigerators to gain a competitive edge in the market.

• Samsung Electronics Co., Ltd. 

• LG Electronics Inc. 

• Whirlpool Corporation 

• Hisense Corporation 

• Robert Bosch GmbH 

• SMEG S.p.A. 

• Electrolux AB 

• Liebherr-Hausgeräte GmbH 

• Miele Co. Ltd. 

• Haier Inc. 

• Others

Key Highlights of the Report