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Refrigerator Market Share

Report ID: GMI5111
Published Date: Jul 2024
Report Format: PDF

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Refrigerator Market Share

Refrigerator Market Company Market Share Analysis, (2023)

Key players in the refrigerator industry are Whirlpool Corporation, LG Electronics, Samsung Electronics, Haier Smart Home Co.Ltd., Bosch Group. Together these companies have a market share of 55%-60% of the total market with strong competition in this market and driving continuous advancements and the introduction of new features to meet the evolving demands. These companies are known for their wide range of refrigerator products from basic models to advanced smart refrigerators with innovative features.

Refrigerator Market Companies

Major companies operating in the refrigerator industry include:

AB Electrolux
Aucma Co.Ltd.
Bosch Group
BSH Hausgeräte GmBH
Danby Appliances Co
Dongbu DAEWOO Electronics
General Electrics (GE)
Green Electric Appliances
Haier Smart Home Co.Ltd.
Hisense Group
LG Electronics Inc.
Liebherr Group
Midea Group
Panasonic Corporation
Samsung Electronics Co. Ltd.
Whirlpool Corporation

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

The market size of refrigerator was reached USD 116.4 billion in 2023 and is anticipated to register 8.8% CAGR between 2024 and 2032, driven by smart refrigerator features and connectivity along with energy efficiency and sustainability concerns.

The sheet segment in the refrigerator market is anticipated to witness 9.2% CAGR through 2032, owing to affordability, durability, and the modern appeal of sheet metal refrigerators.

Asia Pacific refrigerator market is set to observe about 9.4% CAGR between 2024 and 2032, propelled by the rising disposable income, urbanization, and hot climates that necessitate efficient food storage.

AB Electrolux, Aucma Co.Ltd., Bosch Group, BSH Hausgeräte GmBH , Danby Appliances Co, Dongbu DAEWOO Electronics, General Electrics (GE), Green Electric Appliances, Haier Smart Home Co.Ltd., and Hisense Group, among others.