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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Competitive Landscape
LG Electronics Inc. founded in 1958 has its headquarter in Seoul, South Korea. It is known worldwide and is a global leader in manufacturing commercial products including TVs, monitors, home appliances, service robots, and air solutions.
Haier Group is a leading producer of daily use appliances and was founded in 1984 with headquarters in China. With continued collaborations with ecosystem partners, the group has a vision to build IoT ecosystems for customers globally.
Whirlpool Corporation is known for developing appliances such as ACs, refrigerators, washing machines, and microwaves. It was established in 1911 and has its headquarters in Michigan, in the United States.
Other market players include Samsung Electronics Co., Ltd., Hitachi Ltd., Electrolux AB, Panasonic Corporation, BSH Home Appliances Corporation, Miele & Cie. KG, Arçelik A.Åž, Toshiba Corporation, Midea Group, Honeywell International Inc, Godrej & Boyce Manufacturing Company Limited, and Sharp Electronics Corporation, among others.
Refrigerator Market Report Snapshots
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The global market size for refrigerators reached a value of more than USD 126.30 billion in 2023.
The market is expected to reach a value of USD 207.94 billion by 2032.
The market is expected to grow at a CAGR of 5.70% between 2024 and 2032.
The major market drivers are longer durations between grocery shopping trips, smarter features, and versatile storage options.
Major trends of the market include technological advancements, and glass doors.
The major regional markets are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
Key players for the global refrigerator market are LG Electronics Inc., Haier Group, Whirlpool Corporation, Samsung Electronics Co., Ltd., Hitachi Ltd., Electrolux AB, Panasonic Corporation, BSH Home Appliances Corporation, Miele & Cie. KG, Arçelik A.S, Toshiba Corporation, Midea Group, Honeywell International Inc, Godrej & Boyce Manufacturing Company Limited, and Sharp Electronics Corporation, among others.
A refrigerator, commonly known as a fridge, is an common home appliance used to store and preserve food items that are perishable.
The market is segmented based on product type, technology, weight, distribution channel and region.
Tetrafluoroethane gas is commonly used in refrigerators.
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India
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+91-858-608-1494
Philippines
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+63-287-899-028, +63-967-048-3306
United Kingdom
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+44-753-713-2163
Vietnam
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