A modest growth trajectory is forecasted for the global fridges and freezers market, with an expected increase of USD 51.0 billion and a compound annual growth rate (CAGR) of roughly 4.6% from 2024 through 2029. The fridges and freezers market is experiencing growth driven by increasing urbanization, rising incomes, and a growing consumer preference for advanced, energy-efficient products. As the demand for sustainable solutions rises, manufacturers are increasingly focusing on environmentally friendly technologies, such as refrigerants with lower global warming potential and appliances designed to minimize energy consumption. Furthermore, the rise in home cooking, food delivery services, and larger household sizes are all contributing factors to the demand for larger and more sophisticated refrigeration systems.
This report presents a detailed overview of the global fridges and freezers industry, including key data on historical market size, growth rates, and future trends. It offers an in-depth analysis of different market segments, paying close attention to factors like format, product, distribution channel and region. This detailed analysis supports the identification of growth opportunities within the fridges and freezers industry.
Market Segmentation
The global fridges and freezers market is structured as follows:
Format: built-in, freestanding
Product: wine coolers, freezers, fridge freezers, fridges
Distribution channel: supermarkets and hypermarkets, department stores, electronics stores, e-commerce, builders merchants, others
Region: Asia Pacific, Europe, Latin America, Middle East and Africa, North America
The global fridges and freezers market is categorized by format, product, distribution channel and region. By format, the market is categorized into built-in, and freestanding. Product segmentation includes wine coolers, freezers, fridge freezers, and fridges. Distribution channel segments consist of supermarkets and hypermarkets, department stores, electronics stores, e-commerce, builders merchants, and others. Geographically, the market is divided into Asia Pacific, Europe, Latin America, Middle East and Africa, and North America.
Competitive Landscape
The competitive landscape of the fridges and freezers market has been analyzed, with a focus on key players such as Zorlu Holding A.S., Xingxing Group Co. Ltd., Winia Group, Whirlpool Corporation, The Samsung Group, The Middleby Corporation, TCL Technology Group Corporation, PT. Hartono Istana Teknologi, Panasonic Corporation, Mitsubishi Electric Corporation, Miele & Cie. KG, Midea Group Co. Ltd., Liebherr-International AG, LG Corporation, Konka Group Co. Ltd., KIRIAZI Group, Inter IKEA Systems B.V., Industrias Haceb S.A., Hon Hai Precision Industry Co. Ltd., Homa Appliances Co. Ltd., Hitachi Ltd., Hisense Group Co. Ltd., Hangzhou Huari Refrigerator Co. Ltd., Haier Group Corporation, Godrej & Boyce Mfg. Co. Ltd. (G&B), Fareast Mercantile Company Limited, Electrolux AB, Danby Products Limited, Controladora Mabe S.A. de C.V., Changhong Meiling Co. Ltd., BSH Hausgerate GmbH, AUCMA Co. Ltd. and Arcelik A.S.
The report provides a detailed assessment of prominent companies within the fridges and freezers market, tracking their performance from 2019 to 2023. Insights reveal fluctuations in market share, highlighting both veteran leaders and emerging players.
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Table of Contents
TABLE OF CONTENTS
Key Findings
Report Scope
Research Methodology
Market Overview
Global Fridges and Freezers Market – Format Analysis
Global Fridges and Freezers Market – Product Analysis
Global Fridges and Freezers Market – Distribution Channel Analysis
Global Fridges and Freezers Market – Region Analysis
Key Players and Market Share
– Zorlu Holding A.S.
– Xingxing Group Co., Ltd.
– Winia Group
– Whirlpool Corporation
– The Samsung Group
– The Middleby Corporation
– TCL Technology Group Corporation
– PT. Hartono Istana Teknologi
– Panasonic Corporation
…
Macroeconomic Data and Forecast
Disclaimer
FIGURES AND TABLES
Table Global Fridges and Freezers Market 2019-2029
Chart Global Fridges and Freezers Market, Net Growth, 2019-2029
Chart Global Fridges and Freezers Market, Growth Rates, 2019-2029
Table Global Fridges and Freezers Market by Format, 2019-2029
Chart Global Fridges and Freezers Market by Format, CAGR Historic and Forecast, 2019-2029
Chart Global Fridges and Freezers Market by Format, 2019-2029
Table Global Fridges and Freezers Market by Product, 2019-2029
Chart Global Fridges and Freezers Market by Product, CAGR Historic and Forecast, 2019-2029
Chart Global Fridges and Freezers Market by Product, 2019-2029
Table Global Fridges and Freezers Market by Distribution Channel, 2019-2029
Chart Global Fridges and Freezers Market by Distribution Channel, CAGR Historic and Forecast, 2019-2029
Chart Global Fridges and Freezers Market by Distribution Channel, 2019-2029
Table Global Fridges and Freezers Market by Region, 2019-2029
Chart Global Fridges and Freezers Market by Region, CAGR Historic and Forecast, 2019-2029
Chart Global Fridges and Freezers Market by Region, 2019-2029
Table Global Fridges and Freezers Market Share (%), by Companies, 2019-2023
Chart Global Fridges and Freezers Market, by Companies, 2023
Table Global Fridges and Freezers Market Share (%), by Brands, 2019-2023
Chart Global Fridges and Freezers Market, by Brands, 2023
Table Global – Population (Millions) and Forecast
Table Global – Consumer Price Index (CPI) and Forecast
Table Global – Gross Domestic Product and Forecast
Table Global Fridges and Freezers Market: Spend as a Proportion of GDP (%)
Table Global Fridges and Freezers Market: Consumption per Capita (Population)
Companies Mentioned
Zorlu Holding A.S.
Xingxing Group Co., Ltd.
Winia Group
Whirlpool Corporation
The Samsung Group
The Middleby Corporation
TCL Technology Group Corporation
PT. Hartono Istana Teknologi
Panasonic Corporation
Mitsubishi Electric Corporation
Miele & Cie. KG
Midea Group Co., Ltd.
Liebherr-International AG
LG Corporation
Konka Group Co., Ltd.
KIRIAZI Group
Inter IKEA Systems B.V.
Industrias Haceb S.A.
Hon Hai Precision Industry Co., Ltd.
Homa Appliances Co., Ltd.
Hitachi, Ltd.
Hisense Group Co., Ltd.
Hangzhou Huari Refrigerator Co., Ltd.
Haier Group Corporation
Godrej & Boyce Mfg. Co. Ltd. (G&B)
Fareast Mercantile Company Limited
Electrolux AB
Danby Products Limited
Controladora Mabe S.A. de C.V.
Changhong Meiling Co., Ltd.
BSH Hausgerate GmbH
AUCMA Co., Ltd.
Arcelik A.S.