Global Refrigerator Market 2016-2020

  • ID: 3920607
  • Report
  • Region: Global
  • 70 pages
  • TechNavio
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FEATURED COMPANIES

  • Arçelik
  • Electrolux
  • Haier
  • Hitachi
  • Midea
  • Mitsubishi Electric
  • MORE
About Refrigerator Market

The refrigerator market in developed regions is growing at a low rate because the household penetration rate for primary refrigeration appliance is already at a high level and has reached the mature stage. Refrigerator has become an essential durable for everyday household and is being used by consumers in developed countries for years now. With minimum average product lifespan of five years and maximum lifespan of 8-10 years, the product has long replacement cycles.

The analysts forecast the global refrigerator market to grow at a CAGR of 4.5% during the period 2016-2020.

Covered in this report

The report covers the present scenario and the growth prospects of the global refrigerator market for 2016-2020. To calculate the market size, the report considers the revenue generated from the sales of refrigerators worldwide.

The market is divided into the following segments based on geography:

- APAC
- Europe
- MEA
- North America

The report, Global Refrigerator Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
- Electrolux
- Haier
- LG Electronics
- Samsung Electronics
- Whirlpool

Other prominent vendors
- Arçelik
- Bosch
- Godrej
- Hisense
- Hitachi
- Midea
- Miele
- Mitsubishi Electric
- Panasonic
- Sharp
- Toshiba

Market drivers
- Inclination toward more sophisticated and advanced models

Market challenges
- Low replacement need due to high average lifespan

Market trends
- Retro designs and color-rich patterns

Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

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Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Arçelik
  • Electrolux
  • Haier
  • Hitachi
  • Midea
  • Mitsubishi Electric
  • MORE
PART 01: Executive summary
  • Highlights
PART 02: Scope of the report
  • Market overview
  • Top-vendor offerings
PART 03: Market research methodology
  • Research methodology
  • Economic indicators
PART 04: Introduction
  • Key market highlights
PART 05: Market landscape
  • Market overview
  • Market size and forecast
  • Five forces analysis
PART 06: Market segmentation by freezer location
  • Freezer-on-top refrigerators
  • Freezer-on-bottom refrigerators
  • Freezer-less and others
PART 07: Market segmentation by door type
  • Single-door refrigerator
  • Double-door refrigerator
  • French door refrigerator
  • Others
PART 08: Market segmentation by distribution channel

PART 09: Geographical segmentation
  • North America
  • Europe
  • APAC
  • MEA
PART 10: Key leading countries
  • US
  • Germany
  • Japan
  • China
  • Russia
PART 11: Market drivers
  • Warmer/hotter weather conditions and need for food preservation
  • Use of eco-friendly and energy-efficient technologies in refrigerators
  • Inclination toward more sophisticated and advanced models
PART 12: Impact of drivers

PART 13: Market challenges
  • Requirement of high innovation and R&D investments
  • Low replacement need due to high average lifespan
  • Continuous demand for support and services
  • High cost of technologically advanced refrigerators
PART 14: Impact of drivers and challenges

PART 15: Market trends
  • Trend for smart and technologically advanced refrigerators
  • Retro designs and color-rich patterns
  • Growing use of glass door refrigerator at home
PART 16: Vendor landscape
  • Competitive landscape
PART 17: Key vendor analysis
  • Electrolux
  • Haier
  • LG Electronics
  • Samsung Electronics
  • Whirlpool
  • Other prominent vendors
PART 18: Appendix
  • List of abbreviations
PART 19: About the Author

List of Exhibits

Exhibit 01: Segmentation by freezer location, door type, and distribution channels
Exhibit 02: Product offerings
Exhibit 03: Global kitchen appliance overview
Exhibit 04: Important factors affecting the growth of kitchen appliances market globally
Exhibit 05: Global kitchen appliances market 2014-2020 ($ billions)
Exhibit 06: Penetration rate of refrigerator in households of different regions
Exhibit 07: Purchasing criteria of consumers for residential refrigerators in 2015
Exhibit 08: Global refrigerator market 2015-2020 ($ billions)
Exhibit 09: New privately owned housing units started in the US 2012-2014
Exhibit 10: Some of the popular technologies in refrigerators gaining consumers' attention
Exhibit 11: Compressors used in refrigerators
Exhibit 12: Comparison between conventional refrigerators and inverter technology refrigerators
Exhibit 13: Functions of inverter refrigerator according to the seasons
Exhibit 14: Five forces analysis
Exhibit 15: Global refrigerator market segmentation by freezer location by market share (%)
Exhibit 16: Global refrigerator market segmentation by door type and by market share 2015 (%)
Exhibit 17: Segmentation by distribution channel in 2015
Exhibit 18: Advertisement market share of different types of refrigerator in Canada in 2015 (%)
Exhibit 19: Global electricity consumption on household cold appliances (refrigerators and freezers) by region in 2015 (%)
Exhibit 20: Segmentation by geographical segmentation in 2015
Exhibit 21: Country share for refrigerator export, by country in 2015 (%)
Exhibit 22: Advertisement market share of the US for different refrigerators in 2015 (%)
Exhibit 23: Share of households with refrigerators in Germany in 2014 and 2015
Exhibit 24: Products and average storage days in refrigerator
Exhibit 25: Global electricity usage (kWh) per annum by regular household appliances 2015 (%)
Exhibit 26: Impact of drivers
Exhibit 27: Impact of drivers and challenges
Exhibit 28: Perception of consumers and manufacturers on smart appliances for different parameters
Exhibit 29: Factors making consumers opt for glass door refrigerators
Exhibit 30: Competitive assessment of top players
Exhibit 31: Electrolux: Business segmentation by revenue 2015
Exhibit 32: Electrolux: Geographical segmentation by revenue 2015
Exhibit 33: Haier: Business segmentation by revenue 2015
Exhibit 34: Haier: Geographical segmentation by revenue 2015
Exhibit 35: LG Electronics: Business segmentation by revenue 2015
Exhibit 36: LG Electronics: Geographical segmentation by revenue 2015
Exhibit 37: Samsung Electronics: Business segmentation by revenue 2015
Exhibit 38: Samsung Electronics: Geographical segmentation by revenue 2015
Exhibit 39: Whirlpool: Business segmentation by revenue 2015
Exhibit 40: Whirlpool: Geographical segmentation by revenue 2015
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Arçelik
  • Electrolux
  • Haier
  • Hitachi
  • Midea
  • Mitsubishi Electric
  • MORE
New Report Released: - Global Refrigerator Market 2016-2020

The author of the report recognizes the following companies as the key players in the global refrigerator market: Electrolux, Haier, LG Electronics, Samsung Electronics, and Whirlpool.

Other Prominent Vendors in the market are: Arçelik, Bosch, Godrej, Hisense, Hitachi, Midea, Miele, Mitsubishi Electric, Panasonic, Sharp, and Toshiba.

Commenting on the report, an analyst from the research team said: “Growing use of glass door refrigerator at home will be a key trend for market growth. A greater demand for time-saving and convenient home appliances has been observed owing to the busy schedules of individuals. Thus, players are continuously re-inventing refrigerators according to the needs of consumers. One such type is the glass door refrigerator. Earlier these refrigerators were used for cold storage at commercial places. However, these refrigerators have now penetrated homes. They facilitate a look at the ingredients without opening the door.”

According to the report, warmer or hotter weather condition is the primary driver for the refrigerator market. The hot and humid weather conditions have made consumers increasingly concerned about food spoilage and hygiene levels (for cooked food, perishable food items, beverages, and others) and have generated the demand for efficient refrigerators. The low temperatures inside the refrigerator slow down the growth of microorganisms and the rate of chemical (including enzymes) changes in food. This allows for food storage for a few days until consumption.

Further, the report states that the high cost of refrigerator types like freezer-on-bottom refrigerators and smart connected refrigerators is hindering the growth of the market. The prices offered by global players are very high, which pose a significant challenge as most end-users in developing countries (like India and China) are reluctant to make such premium purchases, which affects the overall revenue of the global refrigerator market. The high cost of these refrigerators allows only the elite section of the population to adopt these refrigerators.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Note: Product cover images may vary from those shown
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- Electrolux
- Haier
- LG Electronics
- Samsung Electronics
- Whirlpool
- Arçelik
- Bosch
- Godrej
- Hisense
- Hitachi
- Midea
- Miele
- Mitsubishi Electric
- Panasonic
- Sharp
- Toshiba
Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown
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