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Household Refrigerators and Freezers Market Share

Report ID: GMI849
Published Date: Dec 2024
Report Format: PDF

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Household Refrigerators and Freezers Market Share

The market is fragmented, with several regional companies operating on a global scale. Together these companies hold a market share of 30%-35% of the total market. The market’s fragmentation see numerous regional companies competing globally, each adopting strategies to differentiate and expand their market share. Many companies focus on innovation, integrating smart technologies and energy-efficient features to appeal to eco-conscious and tech-savvy consumers. Partnerships with e-commerce platforms and retail chains are also common, enabling companies to enhance their distribution reach and customer accessibility.

Household Refrigerators and Freezers Market Companies

Major players operating in the household refrigerators and freezers industry are:

BSH
Electrolux
GE Appliances
Godrej
Haier
Hisense
Hitachi
LG
Liebherr
Midea
Panasonic
Samsung
Sub-Zero
Toshiba
Whirlpool

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

The global household refrigerators and freezers industry was valued at USD 113.6 billion in 2023 and is estimated to grow at a 4.9% CAGR from 2024 to 2032, driven by increasing consumer preference for energy-efficient appliances.

The top-mounted refrigerators segment recorded USD 49.5 billion in 2023 and is anticipated to grow at a 5% CAGR by 2032, as their design with the freezer compartment above the main section remains popular among consumers.

The U.S. held a 74.9% share of the North American household refrigerators and freezers market in 2023 and is expected to grow at a 4.9% CAGR during the forecast period, supported by favorable economic and cultural factors.

Key players in the sector include BSH, Electrolux, GE Appliances, Godrej, Haier, Hisense, Hitachi, LG, Liebherr, Midea, Panasonic, and Samsung.