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Refrigerator Market Trends

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

Refrigerator Market Trends

French door models and side-by-side configurations are gaining popularity due to their spacious interiors and ease of access. French door models offer wider shelves and drawers, while side-by-side designs provide clear compartmentalization for better organization. These styles cater to modern kitchen aesthetics and the desire for efficient storage solutions. This emphasis on design and space optimisation reflects a growing demand from consumers for refrigerators that fit in with modern kitchen aesthetics and efficiently meet food storage needs.
 

Adjustable shelving, built-in organisers, and spill-proof drawers are examples of smart interior design elements that are becoming more intelligent. Other features that improve functionality and user experience include water dispensers with integrated filtration systems or automatic ice makers with in-door dispensers, which also satisfy the desire of consumers for a sleek and clutter-free exterior.
 

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.

Refrigerator Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 16
  • Tables & Figures: 51
  • Countries covered: 22
  • Pages: 80
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