Refrigerator Market Analysis North America, Europe, APAC, South America, Middle East and Africa - US, China, Japan, Germany, UK - Size and Forecast 2024-2028

Published: Nov 2023 Pages: 184 SKU: IRTNTR74361

Refrigerator Market Forecast 2024-2028 

The refrigerator market size is estimated to grow by USD 49.08 billion at a CAGR of 6.91% between 2023 and 2028. The market is propelled by a shift towards more sophisticated refrigerators, including various product types like side by side models. Consumers seek advanced technology features and smart home technologies integrated into appliances. Furthermore, there's a rising demand for energy-efficient options, often featuring non-inverter compressors. These fridges also cater to the food and beverage business needs, with features such as built-in hubs and displays facilitating inventory management.

Additionally, refrigerators with magnetic properties are gaining traction. As packaged food consumption increases, so does the need for refrigeration, especially for exported food and beverages. The market sees diverse distribution channels catering to these demands, with refrigerants, compressors, condensers, and evaporators playing vital roles in ensuring optimal performance.

What will be the Size of the Market During the Forecast Period?

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Market Segmentation

The freezers on top refrigerators segment is estimated to witness significant growth during the forecast period. Freezers on top refrigerators are often found in traditional fridges. It is also known as top-mount refrigerators. The refrigerator's coldness comes from the freezer. The cold air produced by the freezer is denser than the warmer air in the bottom when it is placed on top. As cold air is thick, it descends, forcing warm air to ascend, and the warm air rises, becoming cold in the freezer. 

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The freezers on top refrigerators segment was the largest segment and was valued at USD 38.44 billion in 2018Freezer on top fridge usually come at a lower price point compared to other configurations, making them an attractive option for budget-conscious consumers. Manufacturers are introducing technological innovations to improve the functionality and appeal of freezer on top refrigerators. Consequently, the segments versatility and ongoing technological enhancements will further drive the growth of the freezer on top refrigerator segment of the market during the forecast period.

Regional Analysis

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North America is estimated to contribute 37% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. The market in North America is expected to grow owing to the rising demand for commercial refrigerators from the food service industry across hotels, restaurants, and bakery outlets.

Furthermore, government initiatives to encourage the use of energy-efficient refrigerators are driving the growth of the market in North America. In addition, the US and Canada are the key countries in the North American market. Moreover, some market players such as Master-Bilt and Kolpak, are offering refrigerators for commercial purposes in North America to meet the rising demand for preserving meat and other frozen food items. Thus, such factors are driving the growth of the market in the region during the forecast period.

Market Dynamics and Customer Landscape

The Refrigerator Market is driven by consumers' inclination towards more sophisticated and advanced models, prioritizing features such as energy efficiency and smart technologies. This trend is evident in both household and commercial setups, where the need to preserve food and prevent spoilage remains paramount. Despite the challenges posed by the high average lifespan of refrigerators, manufacturers focus on innovation to drive replacement needs through product differentiation and enhanced functionalities.

An emerging trend in the market is the increasing integration of IoT in refrigerators, enabling features like Wi-Fi connectivity and monitoring capabilities. This aligns with the growing adoption of smart home technologies and electrification, catering to diverse customer preferences and lifestyles. However, challenges persist in rural areas where access to electricity may be limited, hindering market penetration. Nonetheless, the Refrigerator Market continues to evolve, driven by advancements in technology and the food and beverages industry's changing demands.

Key Market Driver

The inclination toward more sophisticated and advanced models of refrigerators is the key factor driving market growth. New purchases of refrigerators are particularly made for other kinds of fridge, such as double- and multiple-door refrigerators. Furthermore, the creation of more shelves and storage space in an energy-efficient manner is attaining popularity across the globe. A further option of top or bottom freezer locations provides ease of use, keeping in mind daily usage patterns. This shows an overall transformation in consumers' attitudes and buying behavior toward refrigerators.

In addition, market players like LG Electronics are coming up with refrigerators that have features, including a ColdSaver Panel (a barrier between the interior compartment and the rest of the refrigerator, which reduces cold air loss and keeps food fresh). Consequently, advanced and sophisticated features are earning momentum among consumers and encouraging them to replace their old single-door fridges, which will drive the growth of the market during the forecast period.

Significant Market Trends

Increasing integration of IoT in refrigerators is one of the primary market trends. The new Family Hub refrigerator provides features such as monitoring what is inside the fridge from anywhere, leaving messages on the White Board, checking who is at the front door via an attached doorbell, adjusting the temperature, watching surveillance videos, and reading recommendations for cooking or grocery shopping.

For instance, in September 2023, LG Electronics Inc. revealed the launch of a new range of Wi-Fi-enabled side-by-side convertible refrigerators to convert the freezer section to a fridge from anywhere using the LG ThinQ App. This advanced appliance creates a new era of convenience and control in home appliances. Hence, the rising integration of IoT in fridges is expected to drive market growth during the forecast period.

Major Market Challenges

Low replacement needs due to high average lifespan of refrigerators is a challenge that affects market growth. The purchase of fridges is usually made only when people are moving into a new place, or they replace an old refrigerator with one that's in good condition. Fridges are meant for long-term use (8-9 years) and generally do not require frequent replacement. Besides, it costs money and is regarded as a one-time investment by most people. The majority of refrigerator brands are durable and of superior quality.

Moreover, customers only need to spend on maintenance and cleaning costs over the years, which are usually minimal. This lowers the need for frequent buys of the appliance and acts as a significant growth barrier for the market. Furthermore, as consumers do not buy these frequently, marketers find it difficult to build brand loyalty. Hence, such factors are expected to impede the growth of the market during the forecast period.

Key Customer Landscape

The market forecasting report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

 Customer Landscape

Who are the Major Refrigerator Market Companies?

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

  • AB Electrolux: The company offers refrigerators such as counter-depth French door refrigerators. 

The research report also includes detailed analyses of the competitive landscape of the market and information about 20 market companies, including:

  • Arcelik A.S.
  • FRIGIDAIRE
  • Godrej and Boyce Manufacturing Co. Ltd.
  • Gree Electric Appliances Inc. of Zhuhai
  • Haier Smart Home Co. Ltd.
  • Hisense International Co. Ltd.
  • Hitachi Ltd.
  • HOSHIZAKI Corp.
  • LG Electronics Inc.
  • MIDEA Group Co. Ltd.
  • Panasonic Holdings Corp.
  • Robert Bosch GmbH
  • Samsung Electronics Co. Ltd.
  • Sharp Corp.
  • Siemens AG
  • TCL Electronics Holdings Ltd.
  • Toshiba Corp.
  • Voltas Ltd.
  • Whirlpool Corp.

Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

Market Analyst Overview

The Refrigerator Market caters to a wide range of consumers, from household to commercial setups in the food and beverages industry. With the rise of electrification even in rural areas, demand for electronic appliances like refrigerators is escalating, driven by factors such as spoiling prevention and meat packaging needs.

Smart refrigerators equipped with Wi-Fi connectivity and monitoring capabilities are gaining popularity, especially among middle-class families with increasing disposable income. These refrigerators offer compatibility with smart homes and feature interior cameras and built-in hubs, providing convenience through app interfaces and online shopping integration.

In developing economies, the market sees a surge in bulk purchases and online sales channels penetration, fueled by the growth of e-commerce and the rising number of internet users. Eco-friendly refrigerators incorporating magnetic and digitization technologies are emerging as sustainable alternatives, aligning with eco-conscious consumer preferences.

Segmental overview reveals diverse offerings, including side-by-side, convertibles, and inverter models, available through hypermarkets/supermarkets, specialty stores, and online retail sectors, catering to varied sizes, styles, and applications.

Segment Overview

The market growth analysis report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2018 to 2028. 

  • Product Specification Outlook 
    • Freezer on-top
    • Freezer on-bottom 
    • Freezer-less
  • Type Outlook 
    • Single door
    • Double door
    • French door
    • Others
  • Region Outlook (USD Million, 2018-2028)
    • North America
      • The U.S.
      • Canada
    • Europe
      • The U.K.
      • Germany
      • France
      • Rest of Europe
    • APAC
      • China
      • India
    • South America
      • Chile 
      • Brazil 
      • Argentina
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa

Refrigerator Market Scope

Market Report Coverage

Details

Page number

184

Base year

2023

Historic period

2018-2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 6.91%

Market growth 2024-2028

USD 49.08 billion

Market structure

Fragmented

YoY growth 2023-2024(%)

6.43

Regional analysis

North America, Europe, APAC, South America, and Middle East and Africa

Performing market contribution

North America at 37%

Key countries

US, China, Japan, Germany, and UK

Competitive landscape

Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks

Key companies profiled

AB Electrolux, Arcelik A.S., FRIGIDAIRE, Godrej and Boyce Manufacturing Co. Ltd., Gree Electric Appliances Inc. of Zhuhai, Haier Smart Home Co. Ltd., Hisense International Co. Ltd., Hitachi Ltd., HOSHIZAKI Corp., LG Electronics Inc., MIDEA Group Co. Ltd., Panasonic Holdings Corp., Robert Bosch GmbH, Samsung Electronics Co. Ltd., Sharp Corp., Siemens AG, TCL Electronics Holdings Ltd., Toshiba Corp., Voltas Ltd., and Whirlpool Corp.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. 

Customization purview

If our market research and growth report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Market Growth and Forecasting Report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the growth of the market between 2024 and 2028
  • Precise estimation of the market size and its contribution to the market in focus on the parent market
  • Accurate predictions about upcoming trends and changes in consumer behavior
  • Growth of the market across North America, Europe, APAC, South America, and Middle East and Africa
  • A thorough analysis of the market’s competitive landscape and detailed information about companies
  • Comprehensive analysis of factors that will challenge the growth of market companies

We can help! Our analysts can customize this market research report to meet your requirements. 

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Product Specification
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Type
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2023
    • 3.4 Market outlook: Forecast for 2023-2028
      • Exhibit 14: Chart on Global - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 15: Data Table on Global - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2023-2028 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2023-2028 (%)

    4 Historic Market Size

    • 4.1 Global refrigerator market 2018 - 2022
      • Exhibit 18: Historic Market Size – Data Table on global refrigerator market 2018 - 2022 ($ billion)
    • 4.2 Product Specification Segment Analysis 2018 - 2022
      • Exhibit 19: Historic Market Size – Product Specification Segment 2018 - 2022 ($ billion)
    • 4.3 Type Segment Analysis 2018 - 2022
      • Exhibit 20: Historic Market Size – Type Segment 2018 - 2022 ($ billion)
    • 4.4 Geography Segment Analysis 2018 - 2022
      • Exhibit 21: Historic Market Size – Geography Segment 2018 - 2022 ($ billion)
    • 4.5 Country Segment Analysis 2018 - 2022
      • Exhibit 22: Historic Market Size – Country Segment 2018 - 2022 ($ billion)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 23: Five forces analysis - Comparison between 2023 and 2028
    • 5.2 Bargaining power of buyers
      • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2023 and 2028
    • 5.3 Bargaining power of suppliers
      • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2023 and 2028
    • 5.4 Threat of new entrants
      • Exhibit 26: Threat of new entrants – Impact of key factors in 2023 and 2028
    • 5.5 Threat of substitutes
      • Exhibit 27: Threat of substitutes – Impact of key factors in 2023 and 2028
    • 5.6 Threat of rivalry
      • Exhibit 28: Threat of rivalry – Impact of key factors in 2023 and 2028
    • 5.7 Market condition
      • Exhibit 29: Chart on Market condition - Five forces 2023 and 2028

    6 Market Segmentation by Product Specification

    • 6.1 Market segments
      • Exhibit 30: Chart on Product Specification - Market share 2023-2028 (%)
      • Exhibit 31: Data Table on Product Specification - Market share 2023-2028 (%)
    • 6.2 Comparison by Product Specification
      • Exhibit 32: Chart on Comparison by Product Specification
      • Exhibit 33: Data Table on Comparison by Product Specification
    • 6.3 Freezer on-top refrigerators - Market size and forecast 2023-2028
      • Exhibit 34: Chart on Freezer on-top refrigerators - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 35: Data Table on Freezer on-top refrigerators - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 36: Chart on Freezer on-top refrigerators - Year-over-year growth 2023-2028 (%)
      • Exhibit 37: Data Table on Freezer on-top refrigerators - Year-over-year growth 2023-2028 (%)
    • 6.4 Freezer on-bottom refrigerators - Market size and forecast 2023-2028
      • Exhibit 38: Chart on Freezer on-bottom refrigerators - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 39: Data Table on Freezer on-bottom refrigerators - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 40: Chart on Freezer on-bottom refrigerators - Year-over-year growth 2023-2028 (%)
      • Exhibit 41: Data Table on Freezer on-bottom refrigerators - Year-over-year growth 2023-2028 (%)
    • 6.5 Freezer-less refrigerators - Market size and forecast 2023-2028
      • Exhibit 42: Chart on Freezer-less refrigerators - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 43: Data Table on Freezer-less refrigerators - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 44: Chart on Freezer-less refrigerators - Year-over-year growth 2023-2028 (%)
      • Exhibit 45: Data Table on Freezer-less refrigerators - Year-over-year growth 2023-2028 (%)
    • 6.6 Market opportunity by Product Specification
      • Exhibit 46: Market opportunity by Product Specification ($ billion)
      • Exhibit 47: Data Table on Market opportunity by Product Specification ($ billion)

    7 Market Segmentation by Type

    • 7.1 Market segments
      • Exhibit 48: Chart on Type - Market share 2023-2028 (%)
      • Exhibit 49: Data Table on Type - Market share 2023-2028 (%)
    • 7.2 Comparison by Type
      • Exhibit 50: Chart on Comparison by Type
      • Exhibit 51: Data Table on Comparison by Type
    • 7.3 Single door refrigerator - Market size and forecast 2023-2028
      • Exhibit 52: Chart on Single door refrigerator - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 53: Data Table on Single door refrigerator - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 54: Chart on Single door refrigerator - Year-over-year growth 2023-2028 (%)
      • Exhibit 55: Data Table on Single door refrigerator - Year-over-year growth 2023-2028 (%)
    • 7.4 Double door refrigerator - Market size and forecast 2023-2028
      • Exhibit 56: Chart on Double door refrigerator - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 57: Data Table on Double door refrigerator - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 58: Chart on Double door refrigerator - Year-over-year growth 2023-2028 (%)
      • Exhibit 59: Data Table on Double door refrigerator - Year-over-year growth 2023-2028 (%)
    • 7.5 French door refrigerators - Market size and forecast 2023-2028
      • Exhibit 60: Chart on French door refrigerators - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 61: Data Table on French door refrigerators - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 62: Chart on French door refrigerators - Year-over-year growth 2023-2028 (%)
      • Exhibit 63: Data Table on French door refrigerators - Year-over-year growth 2023-2028 (%)
    • 7.6 Others - Market size and forecast 2023-2028
      • Exhibit 64: Chart on Others - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 65: Data Table on Others - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 66: Chart on Others - Year-over-year growth 2023-2028 (%)
      • Exhibit 67: Data Table on Others - Year-over-year growth 2023-2028 (%)
    • 7.7 Market opportunity by Type
      • Exhibit 68: Market opportunity by Type ($ billion)
      • Exhibit 69: Data Table on Market opportunity by Type ($ billion)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 70: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 71: Chart on Market share by geography 2023-2028 (%)
      • Exhibit 72: Data Table on Market share by geography 2023-2028 (%)
    • 9.2 Geographic comparison
      • Exhibit 73: Chart on Geographic comparison
      • Exhibit 74: Data Table on Geographic comparison
    • 9.3 North America - Market size and forecast 2023-2028
      • Exhibit 75: Chart on North America - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 76: Data Table on North America - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 77: Chart on North America - Year-over-year growth 2023-2028 (%)
      • Exhibit 78: Data Table on North America - Year-over-year growth 2023-2028 (%)
    • 9.4 Europe - Market size and forecast 2023-2028
      • Exhibit 79: Chart on Europe - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 80: Data Table on Europe - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 81: Chart on Europe - Year-over-year growth 2023-2028 (%)
      • Exhibit 82: Data Table on Europe - Year-over-year growth 2023-2028 (%)
    • 9.5 APAC - Market size and forecast 2023-2028
      • Exhibit 83: Chart on APAC - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 84: Data Table on APAC - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 85: Chart on APAC - Year-over-year growth 2023-2028 (%)
      • Exhibit 86: Data Table on APAC - Year-over-year growth 2023-2028 (%)
    • 9.6 South America - Market size and forecast 2023-2028
      • Exhibit 87: Chart on South America - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 88: Data Table on South America - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 89: Chart on South America - Year-over-year growth 2023-2028 (%)
      • Exhibit 90: Data Table on South America - Year-over-year growth 2023-2028 (%)
    • 9.7 Middle East and Africa - Market size and forecast 2023-2028
      • Exhibit 91: Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 92: Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 93: Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
      • Exhibit 94: Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
    • 9.8 US - Market size and forecast 2023-2028
      • Exhibit 95: Chart on US - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 96: Data Table on US - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 97: Chart on US - Year-over-year growth 2023-2028 (%)
      • Exhibit 98: Data Table on US - Year-over-year growth 2023-2028 (%)
    • 9.9 China - Market size and forecast 2023-2028
      • Exhibit 99: Chart on China - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 100: Data Table on China - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 101: Chart on China - Year-over-year growth 2023-2028 (%)
      • Exhibit 102: Data Table on China - Year-over-year growth 2023-2028 (%)
    • 9.10 Germany - Market size and forecast 2023-2028
      • Exhibit 103: Chart on Germany - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 104: Data Table on Germany - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 105: Chart on Germany - Year-over-year growth 2023-2028 (%)
      • Exhibit 106: Data Table on Germany - Year-over-year growth 2023-2028 (%)
    • 9.11 UK - Market size and forecast 2023-2028
      • Exhibit 107: Chart on UK - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 108: Data Table on UK - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 109: Chart on UK - Year-over-year growth 2023-2028 (%)
      • Exhibit 110: Data Table on UK - Year-over-year growth 2023-2028 (%)
    • 9.12 Japan - Market size and forecast 2023-2028
      • Exhibit 111: Chart on Japan - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 112: Data Table on Japan - Market size and forecast 2023-2028 ($ billion)
      • Exhibit 113: Chart on Japan - Year-over-year growth 2023-2028 (%)
      • Exhibit 114: Data Table on Japan - Year-over-year growth 2023-2028 (%)
    • 9.13 Market opportunity by geography
      • Exhibit 115: Market opportunity by geography ($ billion)
      • Exhibit 116: Data Tables on Market opportunity by geography ($ billion)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 117: Impact of drivers and challenges in 2023 and 2028
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 118: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 119: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 120: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 121: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 122: Matrix on vendor position and classification
            • 12.3 AB Electrolux
              • Exhibit 123: AB Electrolux - Overview
              • Exhibit 124: AB Electrolux - Business segments
              • Exhibit 125: AB Electrolux - Key offerings
              • Exhibit 126: AB Electrolux - Segment focus
            • 12.4 Godrej and Boyce Manufacturing Co. Ltd.
              • Exhibit 127: Godrej and Boyce Manufacturing Co. Ltd. - Overview
              • Exhibit 128: Godrej and Boyce Manufacturing Co. Ltd. - Business segments
              • Exhibit 129: Godrej and Boyce Manufacturing Co. Ltd. - Key offerings
              • Exhibit 130: Godrej and Boyce Manufacturing Co. Ltd. - Segment focus
            • 12.5 Haier Smart Home Co. Ltd.
              • Exhibit 131: Haier Smart Home Co. Ltd. - Overview
              • Exhibit 132: Haier Smart Home Co. Ltd. - Business segments
              • Exhibit 133: Haier Smart Home Co. Ltd. - Key offerings
              • Exhibit 134: Haier Smart Home Co. Ltd. - Segment focus
            • 12.6 Hisense International Co. Ltd.
              • Exhibit 135: Hisense International Co. Ltd. - Overview
              • Exhibit 136: Hisense International Co. Ltd. - Product / Service
              • Exhibit 137: Hisense International Co. Ltd. - Key offerings
            • 12.7 Hitachi Ltd.
              • Exhibit 138: Hitachi Ltd. - Overview
              • Exhibit 139: Hitachi Ltd. - Business segments
              • Exhibit 140: Hitachi Ltd. - Key news
              • Exhibit 141: Hitachi Ltd. - Key offerings
              • Exhibit 142: Hitachi Ltd. - Segment focus
            • 12.8 HOSHIZAKI Corp.
              • Exhibit 143: HOSHIZAKI Corp. - Overview
              • Exhibit 144: HOSHIZAKI Corp. - Business segments
              • Exhibit 145: HOSHIZAKI Corp. - Key news
              • Exhibit 146: HOSHIZAKI Corp. - Key offerings
              • Exhibit 147: HOSHIZAKI Corp. - Segment focus
            • 12.9 LG Electronics Inc.
              • Exhibit 148: LG Electronics Inc. - Overview
              • Exhibit 149: LG Electronics Inc. - Product / Service
              • Exhibit 150: LG Electronics Inc. - Key offerings
            • 12.10 Panasonic Holdings Corp.
              • Exhibit 151: Panasonic Holdings Corp. - Overview
              • Exhibit 152: Panasonic Holdings Corp. - Business segments
              • Exhibit 153: Panasonic Holdings Corp. - Key news
              • Exhibit 154: Panasonic Holdings Corp. - Key offerings
              • Exhibit 155: Panasonic Holdings Corp. - Segment focus
            • 12.11 Robert Bosch GmbH
              • Exhibit 156: Robert Bosch GmbH - Overview
              • Exhibit 157: Robert Bosch GmbH - Business segments
              • Exhibit 158: Robert Bosch GmbH - Key news
              • Exhibit 159: Robert Bosch GmbH - Key offerings
              • Exhibit 160: Robert Bosch GmbH - Segment focus
            • 12.12 Samsung Electronics Co. Ltd.
              • Exhibit 161: Samsung Electronics Co. Ltd. - Overview
              • Exhibit 162: Samsung Electronics Co. Ltd. - Business segments
              • Exhibit 163: Samsung Electronics Co. Ltd. - Key news
              • Exhibit 164: Samsung Electronics Co. Ltd. - Key offerings
              • Exhibit 165: Samsung Electronics Co. Ltd. - Segment focus
            • 12.13 Sharp Corp.
              • Exhibit 166: Sharp Corp. - Overview
              • Exhibit 167: Sharp Corp. - Business segments
              • Exhibit 168: Sharp Corp. - Key news
              • Exhibit 169: Sharp Corp. - Key offerings
              • Exhibit 170: Sharp Corp. - Segment focus
            • 12.14 Siemens AG
              • Exhibit 171: Siemens AG - Overview
              • Exhibit 172: Siemens AG - Business segments
              • Exhibit 173: Siemens AG - Key news
              • Exhibit 174: Siemens AG - Key offerings
              • Exhibit 175: Siemens AG - Segment focus
            • 12.15 Toshiba Corp.
              • Exhibit 176: Toshiba Corp. - Overview
              • Exhibit 177: Toshiba Corp. - Business segments
              • Exhibit 178: Toshiba Corp. - Key offerings
              • Exhibit 179: Toshiba Corp. - Segment focus
            • 12.16 Voltas Ltd.
              • Exhibit 180: Voltas Ltd. - Overview
              • Exhibit 181: Voltas Ltd. - Business segments
              • Exhibit 182: Voltas Ltd. - Key offerings
              • Exhibit 183: Voltas Ltd. - Segment focus
            • 12.17 Whirlpool Corp.
              • Exhibit 184: Whirlpool Corp. - Overview
              • Exhibit 185: Whirlpool Corp. - Business segments
              • Exhibit 186: Whirlpool Corp. - Key offerings
              • Exhibit 187: Whirlpool Corp. - Segment focus

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 188: Inclusions checklist
                • Exhibit 189: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 190: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 191: Research methodology
                • Exhibit 192: Validation techniques employed for market sizing
                • Exhibit 193: Information sources
              • 13.5 List of abbreviations
                • Exhibit 194: List of abbreviations

              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.

              INFORMATION 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

              DATA 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

              REPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
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              • Market size and forecast
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              refrigerator market market

              Key Questions Answered

              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?

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