Free Webex Call
The Indian Refrigerator Market was valued at USD3071.96 million in 2022, and it is anticipated to further grow at an impressive CAGR of 11.62% during the forecast years, to achieve market value of USD5880.87 million by 2028F. The growth of the Indian Refrigerator Market can be attributed to the increasing household income of the Indian middle-class families. Improving living standards, rapid urbanization, and rising number of nuclear families and bachelor homing further increases the sales of the refrigerators in India, thus driving the growth of the Indian Refrigerator Market in the next five years. Speak directly to the analyst to clarify any post sales queries you may have.
10% Free customizationThis report comes with 10% free customization, enabling you to add data that meets your specific business needs.
Some of the major factors driving the market growth include consistent research and technological advancement in the products available. Advancements like less consumption of energy, saving electricity consumption, higher functioning efficiency, better cooling effect, and AI-enabled functions further support the growth of the Indian Refrigerator Market in the next five years. Advancements like the internet of things, self-adjustable temperature based on outside temperature and climate, better innovations, and product evolution also aid the growth of the Indian Refrigerator Market in the future five years. Although the distribution channels were disrupted during pandemic and long waiting times restrained the market growth, the demands for the advanced and highly efficient refrigerators increased, thus substantiating the growth of the Indian Refrigerator Market in the forecast years through 2028F.
The Indian Refrigerator Market is segmented by type, technology, distribution channel, end-use, competitive landscape, and regional distribution. The market is further segmented based on type: single door, top freezer, side-by-side, bottom freezer, and french door. By technology, the market is differentiated between non-smart and smart. Based on distribution channels, the market is fragmented into multi-branded stores, supermarkets/ hypermarkets, exclusive stores, online, and others like direct sales, wholesales, etc. By end-use, the market is bifurcated between residential and commercial. The market is also studied under regional analysis among the country's regions, North India, South India, East India, and West India region. North India region is anticipated to hold the largest revenue share of the market, approximately USD1895.40 million by 2028F, due to higher sales of the refrigerators in the major cities like Delhi & NCR. Higher economic stability among the population supported by growing household income is the major factor driving the region's growth. Also, the region's increasing population is responsible for the regional growth and the growth of the Indian Refrigerator Market in the upcoming five years.
LG Electronics India Private Limited, Samsung India Electronics Private Limited, Godrej & Boyce Manufacturing Company Limited, Whirlpool of India Limited, Haier Appliances (India) Private Limited, Hitachi India Private Limited, Panasonic India Private Limited, Blue Star Limited, Bosch Limited, Siemens Limited, etc. are some of the leading market players of the Indian Refrigerator Market. New market players are also actively entering the market in recent years, further strengthening future market growth.
Years considered for this report:
- Historical Years: 2018- 2021
- Base Year: 2022
- Estimated Year: 2023
- Forecast Period: 2024 - 2028
Objective of the Study:
- To analyze the market size of the Indian Refrigerator Market from 2018 to 2021.
- To estimate and forecast the market size of the Indian Refrigerator Market from 2022 to 2023 and growth rate until 2028.
- To classify and forecast the Indian Refrigerator Market based on type, technology, distribution channel, end-use, competitive landscape, and regional distribution.
- To identify dominant region or segment in the Indian Refrigerator Market.
- To identify drivers and challenges for the Indian Refrigerator Market.
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in the Indian Refrigerator Market.
- To identify and analyze the profile of leading players operating in the Indian Refrigerator Market.
- To identify key sustainable strategies adopted by the market players in the Indian Refrigerator Market.
The publisher calculated the market size of the Indian Refrigerator Market by using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. The publisher sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these products and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied.
Key Target Audience:
- Manufacturers, suppliers, distributors and other stakeholders
- Government bodies such as regulating authorities and policy makers
- Organizations, forums and alliances related to refrigerator
- Market research and consulting firms
Report Scope:
In this report, the Indian Refrigerator Market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
India Refrigerator Market, By Type:
- Single Door
- Top Freezer
- Side-by-Side
- Bottom Freezer
- French Door
India Refrigerator Market, By Technology:
- Non-Smart
- Smart
India Refrigerator Market, By Distribution Channel:
- Multi-Branded Stores
- Supermarkets/Hypermarkets
- Exclusive Stores
- Online
- Others
India Refrigerator Market, By End-User:
- Residential
- Commercial
India Refrigerator Market, By Region:
- North
- West
- South
- East
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in the Indian Refrigerator Market.
Available Customizations:
With the given market data, the publisher offers customizations according to a company’s specific needs.
Table of Contents
1. Product Overview2. Research Methodology
3. Executive Summary
4. Impact of COVID-19 on Indian Refrigerator Market
5. Voice of Customers
5.1. Brand Awareness
5.2. Factors Affecting Purchase Decision
5.3. Challenges Faced Post Purchase
6. India Refrigerator Market Outlook
6.1. Market Size & Forecast
6.1.1. By Value & Volume
6.2. Market Share & Forecast
6.2.1. By Type (Single Door, Top freezer, Side-by-Side, Bottom Freezer, French door)
6.2.2. By Technology (Smart Vs. Non-Smart)
6.2.3. By Distribution Channel (Multi Branded stores, Supermarkets/Hypermarkets, Exclusive stores, Online, Others (Direct sales, Wholesales etc.)]
6.2.4. By End Use (Commercial, Residential)
6.2.5. By Region (North, West, South, East)
6.2.6. By Top 3 Leading States (In Each Region)
6.2.7. By Company (2022)
6.3. Market Map (By Type, By Technology, By Distribution Channel, By End Use, By Region)
7. India Single Door Refrigerator Market Outlook
7.1. Market Size & Forecast
7.1.1. By Value & Volume
7.2. Market Share & Forecast
7.2.1. By Technology
7.2.2. By Distribution Channel
7.2.3. By End Use
8. India Top Freezer Refrigerator Market Outlook
8.1. Market Size & Forecast
8.1.1. By Value & Volume
8.2. Market Share & Forecast
8.2.1. By Technology
8.2.2. By Distribution Channel
8.2.3. By End Use
9. India Side-by-Side Refrigerator Market Outlook
9.1. Market Size & Forecast
9.1.1. By Value & Volume
9.2. Market Share & Forecast
9.2.1. By Technology
9.2.2. By Distribution Channel
9.2.3. By End Use
10. India Bottom Freezer Refrigerator Market Outlook
10.1. Market Size & Forecast
10.1.1. By Value & Volume
10.2. Market Share & Forecast
10.2.1. By Technology
10.2.2. By Distribution Channel
10.2.3. By End Use
11. India French Door Refrigerator Market Outlook
11.1. Market Size & Forecast
11.1.1. By Value & Volume
11.2. Market Share & Forecast
11.2.1. By Technology
11.2.2. By Distribution Channel
11.2.3. By End Use
12. Pricing Analysis
13. Product Benchmarking (Top 100-150 Products)
14. Market Dynamics
14.1. Drivers
14.2. Challenges
15. Market Trends & Developments
16. Policy & Regulatory Landscape
17. India Economic Profile
18. Competitive Landscape
18.1. LG Electronics India Private Limited
18.2. Samsung India Electronics Private Limited
18.3. Godrej & Boyce Manufacturing Company Limited
18.4. Whirlpool of India Limited
18.5. Haier Appliances (India) Private Limited
18.6. Hitachi India Private Limited
18.7. Panasonic India Private Limited
18.8. Blue Star Limited
18.9. Bosch Limited
18.10. Siemens Limited
19. Strategic Recommendations
Note: The data given for any year represents the market during the period, i.e., 1st April of the previous year to 31st March of that year. eg: For 2022E, the data represents the period, 1st April 2021 to 31st March 2022. Please note that all the macroeconomic indicators in the economic profiles are for Calendar year.
List of FiguresFigure 1: India Refrigerator Market Size, By Value (USD Million), By Volume (Thousand Units), 2018- 2028F
Figure 2: India Refrigerator Market Share, By Product Type, By Value, 2018- 2028F
Figure 3: India Refrigerator Market Share, By Technology, By Value, 2018- 2028F
Figure 4: India Refrigerator Market Share, By Distribution Channel, By Value, 2018- 2028F
Figure 5: India Refrigerator Market Share, By End Use, By Value, 2018- 2028F
Figure 6: India Refrigerator Market Share, By Region, By Value, 2018- 2028F
Figure 7: India Refrigerator Market Share, By Top 3 leading states, By North Region, By Value, 2018- 2028F
Figure 8: India Refrigerator Market Share, By Top 3 leading states, By West Region, By Value, 2018- 2028F
Figure 9: India Refrigerator Market Share, By Top 3 leading states, By South Region, By Value, 2018- 2028F
Figure 10: India Refrigerator Market Share, By Top 3 leading states, By East Region, By Value, 2018- 2028F
Figure 11: India Refrigerator Market Share, By Company, By Value, 2022
Figure 12: India Refrigerator Market Map, By Product Type, Market Size, By Value & Growth Rate (%), 2022
Figure 13: India Refrigerator Market Map, By Technology, Market Size, By Value & Growth Rate (%), 2022
Figure 14: India Refrigerator Market Map, By Distribution Channel, Market Size, By Value & Growth Rate (%),2022
Figure 15: India Refrigerator Market Map, By End Use, Market Size, By Value & Growth Rate (%),2022
Figure 16: India Refrigerator Market Map, By Region, Market Size, By Value & Growth Rate (%), 2022
Figure 17: India Single door refrigerator Market Size, By Value (USD Million), By Volume (Thousand Units), 2018-2028F
Figure 18: India Single door refrigerator Market Size, By Technology, By Value, 2018-2028F
Figure 19: India Single door refrigerator Market Size, By Distribution Channel, By Value, 2018-2028F
Figure 20: India Single door refrigerator Market Size, By End Use, By Value, 2018-2028F
Figure 21: India Top freezer refrigerator Market Size, By Value (USD Million), By Volume (Thousand Units), 2018-2028F
Figure 22: India Top freezer refrigerator Market Size, By Technology, By Value, 2018-2028F
Figure 23: India Top freezer refrigerator Market Size, By Distribution Channel, By Value, 2018-2028F
Figure 24: India Top freezer refrigerator Market Size, By End Use, By Value, 2018-2028F
Figure 25: India Side-by-Side refrigerator Market Size, By Value (USD Million), By Volume (Thousand Units), 2018-2028F
Figure 26: India Side-by-Side refrigerator Market Size, By Technology, By Value, 2018-2028F
Figure 27: India Side-by-Side refrigerator Market Size, By Distribution Channel, By Value, 2018-2028F
Figure 28: India Side-by-Side refrigerator Market Size, By End Use, By Value, 2018-2028F
Figure 29: India Bottom freezer refrigerator Market Size, By Value (USD Million), By Volume (Thousand Units), 2018-2028F
Figure 30: India Bottom freezer refrigerator Market Size, By Technology, By Value, 2018-2028F
Figure 31: India Bottom freezer refrigerator Market Size, By Distribution Channel, By Value, 2018-2028F
Figure 32: India Bottom freezer refrigerator Market Size, By End Use, By Value, 2018-2028F
Figure 33: India French door refrigerator Market Size, By Value (USD Million), By Volume (Thousand Units), 2018-2028F
Figure 34: India French door refrigerator Market Size, By Technology, By Value, 2018-2028F
Figure 35: India French door refrigerator Market Size, By Distribution Channel, By Value, 2018-2028F
Figure 36: India French door refrigerator Market Size, By End Use, By Value, 2018-2028F
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- LG Electronics India Private Limited
- Samsung India Electronics Private Limited
- Godrej & Boyce Manufacturing Company Limited
- Whirlpool Of India Limited
- Haier Appliances (India) Private Limited
- Hitachi India Private Limited
- Panasonic India Private Limited
- Blue Star Limited
- Bosch Limited
- Siemens Limited
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 76 |
| Published | June 2022 |
| Forecast Period | 2018 - 2028 |
| Estimated Market Value ( USD | $ 2433.97 Million |
| Forecasted Market Value ( USD | $ 5880.87 Million |
| Compound Annual Growth Rate | 9.2% |
| Regions Covered | India |
