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Global Refrigerator Market 2016-2020

  • Published: Oct 2016
  • Pages: 70
  • SKU: IRTNTR10581
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This market research report analyzes the key players in the global refrigerator market such as Electrolux, Haier, LG Electronics, Samsung Electronics, and Whirlpool. The report also presents a competitive analysis of the market by freezer location, by door type, by distribution channel, and by geography.

Refrigerator market outlook

Technavio’s market research analysts predict the global refrigerator market to grow steadily during the forecast period and post a CAGR of more than 4% by 2020. This industry research report identifies the use of eco-friendly and energy-efficient technologies in refrigerators to be one of the major factors that will have a positive impact on the growth of this market in the coming years.

Since refrigerators are one of the home appliances that consume a lot of energy, energy-efficiency has become one of the most important factors considered by end-users while purchasing. Also, the increasing awareness toward environmental pollution has resulted in the customer shift toward environment-friendly refrigerators that use eco-friendly refrigerants and materials such as non–ozone depleting refrigerants and glass shelves.

Moreover, the introduction of energy-efficiency regulations that mandate the labeling of refrigerators based on their performance, will induce manufacturers and retailers to promote energy-efficiency as a product differentiating feature. Consumers have also started preferring ENERGY STAR rated refrigerators since they are equipped with high-efficiency compressors, improved insulation, and defrosting features that help enhance energy-efficiency. This will compel players in the market to increase their R&D investments and innovate more energy-efficient refrigerators.

Refrigerator market forecast based on geography

In terms of geographical regions, APAC was the major revenue contributor to the market during 2015. The region is the production hub for refrigerators where factors such as the presence of developing markets like China and India, the increase in a number of retailers, urbanization, and the changes in food consumption habits that result in the development of the food and beverage industry, will fuel the growth of the market.

Refrigerator market growth opportunities for key vendors

Owing to the presence of numerous global and regional players, this market appears to be highly fragmented. The market is currently dominated by global players such as Samsung Electronics and LG Electronics who are currently focusing on expanding their footprint across the world, especially in the developing countries in APAC, Africa, and Latin America. As a result, regional players find it difficult to compete in the market, particularly in terms of factors such as product quality, technology, and pricing. An increase in product/service extensions and technological innovations will intensify the level of competition in the market. The international players will also grow inorganically during the forecast period by acquiring regional or local vendors.

The leading vendors in the refrigerator market

  • Electrolux
  • Haier
  • LG Electronics
  • Samsung Electronics
  • Whirlpool

Refrigerator market segmentation by freezer location

The freezer-on-top or top-mount refrigerator has the freezer compartment on top. These refrigerators have a lot of space, making it easy for consumers to store larger dishes. Freezer-on-top is one of the most popular styles across the world and these refrigerators are economically priced, due to which, this segment accounted for the major market shares during 2015.

Refrigerator market segmentation by distribution channel

  • Specialty retailers
  • Department stores
  • Mass retailers/hypermarkets/supermarkets
  • Discount stores
  • Online

Specialty retail stores offer a wide variety of brands and product portfolios of multiple brands across all outlets and are the most-preferred distribution channel by end-users. This segment was the major revenue contributor to the market during 2015 and analysts predict this trend to continue in the coming years as well.

Key questions answered in the report include

  • What will the market size and the growth rate be in 2020?
  • What are the key factors driving the global refrigerator market?
  • What are the key market trends impacting the growth of the global refrigerator market?
  • What are the challenges to market growth?
  • Who are the key vendors in the global refrigerator market?
  • What are the market opportunities and threats faced by the vendors in the global refrigerator market?
  • Trending factors influencing the market shares of APAC, Europe, North America and MEA.
  • What are the key outcomes of the five forces analysis of the global refrigerator market?

Technavio also offers customization on reports based on specific client requirement.

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Table of Contents

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: Explore Technavio

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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