The global Household Refrigerators & Freezers market was valued at USD 121.28 billion in 2024. the market is projected to reach USD 154.34 billion by 2029, growing at a compound annual growth rate (CAGR) of 4.93% during the forecast period (2024-2029).
Household refrigerators and freezers are essential kitchen appliances designed to store and preserve perishable food items and beverages by maintaining them at low temperatures. Many household appliances combine both refrigerator and freezer functions, commonly referred to as "fridge-freezers." These units have separate compartments for refrigeration and freezing, often with independent temperature controls.
1. Market Penetration and Ownership
- U.S. Household Ownership: As of 2023, approximately 98% of U.S. households own at least one refrigerator, with about 30% owning a secondary unit, often placed in garages or basements for additional storage.
- Freezer Ownership: Around 36% of U.S. households own a standalone freezer, highlighting the need for extra storage space for frozen goods.
2. Consumer Preferences
- Energy Efficiency: A significant 85% of new refrigerator and freezer buyers prioritize energy efficiency, driven by increasing environmental awareness and the desire to reduce electricity bills.
- Smart Features: 40% of consumers express interest in smart refrigerators that offer features like touchscreens, internet connectivity, and internal cameras, despite these models typically being higher priced.
3. Replacement Cycle
- Average Lifespan: The average lifespan of a refrigerator is approximately 13 years, while standalone freezers last about 11 years. Technological advancements and energy efficiency improvements often influence the replacement decision.
- Replacement Reasons: The primary reasons for replacing refrigerators include malfunction (50%), desire for a larger capacity (25%), and upgrading to a more energy-efficient model (20%).
4. Usage Trends
- Size and Capacity: The most popular refrigerator size among U.S. households is between 20 and 25 cubic feet, balancing storage needs with kitchen space constraints.
- Refrigeration Configurations: French door refrigerators are increasingly popular, favored by 45% of buyers for their spacious design and ease of access. Top freezer models, once dominant, now account for just 25% of sales.
- Freezer Preferences: Chest freezers are preferred by 55% of consumers due to their larger storage capacity and energy efficiency, while upright models are chosen by 45% for their organizational benefits and easier access.
5. Regional Variations
- Urban vs. Rural: Urban households are more likely to invest in smart and compact refrigerator models due to space constraints and technological integration, while rural households favor larger units and additional freezers to accommodate bulk purchasing and storage.
- Climate Impact: In hotter regions, demand for energy-efficient models is higher due to increased operational costs, while colder regions show a higher ownership rate of standalone freezers for long-term food preservation.
The household refrigeration and freezer market is a crucial segment of the home appliance industry. This report studies the Household Refrigerators & Freezers market, covering market size for segment by type (Single Door, Double Door, etc.), by application (Online Sales, Offline Sales, etc.), by sales channel (Direct Channel, Distribution Channel), by player (Whirlpool, Samsung, LG, GE, Bosch, etc.) and by region (North America, Europe, Asia-Pacific, South America and Middle East & Africa).
This report provides detailed historical analysis of global market for Household Refrigerators & Freezers from 2018-2023, and provides extensive market forecasts from 2024-2032 by region/country and subsectors. It covers the sales/revenue/value, gross margin, historical growth and future perspectives in the Household Refrigerators & Freezers market.
Leading Players of Household Refrigerators & Freezers including:
- Whirlpool
- Samsung
- LG
- GE
- Bosch
- Haier
- Panasonic
- Electrolux
- Siemens
- MIDEA
- Hisense
- Dover Corporation
- Godrej
- Liebherr
- Yunmi (Xiaomi)
- Ronshen
- Arcelik
- Meling
- Miele & Cie
- Hitachi
Market split by Type:
- Single Door
- Double Door
- Side by Side Door
- French Door
Market split by Application:
- Online Sales
- Offline Sales
Market split by Sales Channel:
- Direct Channel
- Distribution Channel
Market split by Region/Country:
- North America (United States and Canada)
- Europe (Germany, UK, France, Italy, Spain, and Russia, etc.)
- Asia-Pacific (China, Japan, Korea, India, Australia, and Southeast Asia, etc.)
- South America (Brazil, Mexico, and Argentina, etc.)
- Middle East & Africa (Turkey, UAE, Saudi Arabia, and South Africa, etc.)
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The global Household Refrigerators & Freezers market was valued at USD 121.28 billion in 2024. the market is projected to reach USD 154.34 billion by 2029, growing at a compound annual growth rate (CAGR) of 4.93% during the forecast period (2024-2029).
TABLE OF CONTENTS
Table of Contents
Chapter 1 Household?Refrigerators?&?Freezers Market Overview
1.1 Household?Refrigerators?&?Freezers Definition
1.2 Global Household?Refrigerators?&?Freezers Market Size Status and Outlook (2018-2032)
1.3 Global Household?Refrigerators?&?Freezers Market Size Comparison by Region (2018-2032)
1.4 Global Household?Refrigerators?&?Freezers Market Size Comparison by Type (2018-2032)
1.5 Global Household?Refrigerators?&?Freezers Market Size Comparison by Application (2018-2032)
1.6 Global Household?Refrigerators?&?Freezers Market Size Comparison by Sales Channel (2018-2032)
1.7 Household?Refrigerators?&?Freezers Market Dynamics
1.7.1 Market Drivers/Opportunities
1.7.2 Market Challenges/Risks
1.7.3 Market News (Merger/Acquisition/Expansion)
1.7.4 Key Trends in Household?Refrigerators?&?Freezers Market
Chapter 2 Household?Refrigerators?&?Freezers Market Competition by Player
2.1 Global Household?Refrigerators?&?Freezers Sales and Market Share by Player (2021-2023)
2.2 Global Household?Refrigerators?&?Freezers Revenue and Market Share by Player (2021-2023)
2.3 Global Household?Refrigerators?&?Freezers Average Price by Player (2021-2023)
2.4 Players Competition Situation & Trends
2.5 Conclusion of Segment by Player
Chapter 3 Household?Refrigerators?&?Freezers Market Segment by Type
3.1 Global Household?Refrigerators?&?Freezers Market by Type
3.1.1 Single Door
3.1.2 Double Door
3.1.3 Side by Side Door
3.1.4 French Door
3.2 Global Household?Refrigerators?&?Freezers Sales and Market Share by Type (2018-2023)
3.3 Global Household?Refrigerators?&?Freezers Revenue and Market Share by Type (2018-2023)
3.4 Global Household?Refrigerators?&?Freezers Average Price by Type (2018-2023)
3.5 Conclusion of Segment by Type
Chapter 4 Household?Refrigerators?&?Freezers Market Segment by Application
4.1 Global Household?Refrigerators?&?Freezers Market by Application
4.1.1 Online Sales
4.1.2 Offline Sales
4.2 Global Household?Refrigerators?&?Freezers Revenue and Market Share by Application (2018-2023)
4.3 Conclusion of Segment by Application
Chapter 5 Household?Refrigerators?&?Freezers Market Segment by Sales Channel
5.1 Global Household?Refrigerators?&?Freezers Market by Sales Channel
5.1.1 Direct Channel
5.1.2 Distribution Channel
5.2 Global Household?Refrigerators?&?Freezers Revenue and Market Share by Sales Channel (2018-2023)
5.3 Conclusion of Segment by Sales Channel
Chapter 6 Household?Refrigerators?&?Freezers Market Segment by Region & Country
6.1 Global Household?Refrigerators?&?Freezers Market Size and CAGR by Region (2018-2032)
6.2 Global Household?Refrigerators?&?Freezers Sales and Market Share by Region (2018-2023)
6.3 Global Household?Refrigerators?&?Freezers Revenue and Market Share by Region (2018-2023)
6.4 North America
6.4.1 North America Market by Country
6.4.2 North America Household?Refrigerators?&?Freezers Market Share by Type
6.4.3 North America Household?Refrigerators?&?Freezers Market Share by Application
6.4.4 United States
6.4.5 Canada
6.5 Europe
6.5.1 Europe Market by Country
6.5.2 Europe Household?Refrigerators?&?Freezers Market Share by Type
6.5.3 Europe Household?Refrigerators?&?Freezers Market Share by Application
6.5.4 Germany
6.5.5 UK
6.5.6 France
6.5.7 Italy
6.5.8 Spain
6.5.9 Russia
6.6 Asia-Pacific
6.6.1 Asia-Pacific Market by Country
6.6.2 Asia-Pacific Household?Refrigerators?&?Freezers Market Share by Type
6.6.3 Asia-Pacific Household?Refrigerators?&?Freezers Market Share by Application
6.6.4 China
6.6.5 Japan
6.6.6 Korea
6.6.7 India
6.6.8 Southeast Asia
6.6.9 Australia
6.7 South America
6.7.1 South America Market by Country
6.7.2 South America Household?Refrigerators?&?Freezers Market Share by Type
6.7.3 South America Household?Refrigerators?&?Freezers Market Share by Application
6.7.4 Brazil
6.7.5 Mexico
6.7.6 Argentina
6.7.7 Colombia
6.8 Middle East & Africa
6.8.1 Middle East & Africa Market by Country
6.8.2 Middle East & Africa Household?Refrigerators?&?Freezers Market Share by Type
6.8.3 Middle East & Africa Household?Refrigerators?&?Freezers Market Share by Application
6.8.4 Turkey
6.8.5 UAE
6.8.6 Saudi Arabia
6.8.7 South Africa
6.9 Conclusion of Segment by Region
Chapter 7 Profile of Leading Household?Refrigerators?&?Freezers Players
7.1 Whirlpool
7.1.1 Company Snapshot
7.1.2 Product/Service Offered
7.1.3 Business Performance (Sales, Price, Revenue, Gross Margin and Market Share)
7.2 Samsung
7.3 LG
7.4 GE
7.5 Bosch
7.6 Haier
7.7 Panasonic
7.8 Electrolux
7.9 Siemens
7.10 MIDEA
7.11 Hisense
7.12 Dover Corporation
7.13 Godrej
7.14 Liebherr
7.15 Yunmi (Xiaomi)
7.16 Ronshen
7.17 Arcelik
7.18 Meling
7.19 Miele & Cie
7.20 Hitachi
Chapter 8 Upstream and Downstream Analysis of Household?Refrigerators?&?Freezers
8.1 Industrial Chain of Household?Refrigerators?&?Freezers
8.2 Upstream of Household?Refrigerators?&?Freezers
8.3 Downstream of Household?Refrigerators?&?Freezers
Chapter 9 Development Trend of Household?Refrigerators?&?Freezers (2024-2032)
9.1 Global Household?Refrigerators?&?Freezers Market Size (Sales and Revenue) Forecast (2024-2032)
9.2 Global Household?Refrigerators?&?Freezers Market Size and CAGR Forecast by Region (2024-2032)
9.3 Global Household?Refrigerators?&?Freezers Market Size and CAGR Forecast by Type (2024-2032)
9.4 Global Household?Refrigerators?&?Freezers Market Size and CAGR Forecast by Application (2024-2032)
9.5 Global Household?Refrigerators?&?Freezers Market Size and CAGR Forecast by Sales Channel (2024-2032)
Chapter 10 Appendix
10.1 Research Methodology
10.2 Data Sources
10.3 Disclaimer
10.4 Analysts Certification
LIST OF TABLES & FIGURES
List of Tables and Figures
Figure Household?Refrigerators?&?Freezers Example
Figure Global Household?Refrigerators?&?Freezers Revenue (Million $) Status and Outlook (2018-2032)
Figure Global Household?Refrigerators?&?Freezers Revenue (Million $) Comparison by Region (2018-2032)
Figure Global Household?Refrigerators?&?Freezers Revenue (Million $) Comparison by Type (2018-2032)
Figure Global Household?Refrigerators?&?Freezers Revenue (Million $) Comparison by Application (2018-2032)
Figure Global Household?Refrigerators?&?Freezers Revenue (Million $) Comparison by Sales Channel (2018-2032)
Table Global Household?Refrigerators?&?Freezers Sales by Player (2021-2023)
Table Global Household?Refrigerators?&?Freezers Sales Market Share by Player (2021-2023)
Figure Global Household?Refrigerators?&?Freezers Sales Market Share by Player in 2023
Table Global Household?Refrigerators?&?Freezers Revenue (Million $) by Player (2021-2023)
Table Global Household?Refrigerators?&?Freezers Revenue Market Share by Player (2021-2023)
Figure Global Household?Refrigerators?&?Freezers Revenue Market Share by Player in 2023
Table Global Household?Refrigerators?&?Freezers Average Price by Player (2021-2023)
Figure Global Household?Refrigerators?&?Freezers Average Price by Player in 2023
Figure Global Household?Refrigerators?&?Freezers Players Competition Situation ? Top 5 Players? Revenue Market Share in 2021
Figure Global Household?Refrigerators?&?Freezers Players Competition Trends ? Top 5 Players? Revenue Market Share in 2023
Figure Example of Single Door
Figure Global Single Door Revenue (Million $) and Growth Rate (2018-2023)
Figure Example of Double Door
Figure Global Double Door Revenue (Million $) and Growth Rate (2018-2023)
Figure Example of Side by Side Door
Figure Global Side by Side Door Revenue (Million $) and Growth Rate (2018-2023)
Figure Example of French Door
Figure Global French Door Revenue (Million $) and Growth Rate (2018-2023)
Table Global Household?Refrigerators?&?Freezers Sales by Type (2018-2023)
Table Global Household?Refrigerators?&?Freezers Sales Market Share by Type (2018-2023)
Figure Global Household?Refrigerators?&?Freezers Sales Market Share by Type in 2023
Table Global Household?Refrigerators?&?Freezers Revenue (Million $) by Type (2018-2023)
Table Global Household?Refrigerators?&?Freezers Revenue Market Share by Type (2018-2023)
Figure Global Household?Refrigerators?&?Freezers Revenue Market Share by Type in 2023
Table Global Household?Refrigerators?&?Freezers Average Price by Type (2018-2023)
Figure Global Household?Refrigerators?&?Freezers Average Price by Type in 2023
Table Leading Players of Household?Refrigerators?&?Freezers by Type in 2023
Figure Example of Online Sales
Figure Global Household?Refrigerators?&?Freezers for Online Sales Revenue (Million $) and Growth Rate (2018-2023)
Figure Example of Offline Sales
Figure Global Household?Refrigerators?&?Freezers for Offline Sales Revenue (Million $) and Growth Rate (2018-2023)
Table Global Household?Refrigerators?&?Freezers Sales by Application (2018-2023)
Table Global Household?Refrigerators?&?Freezers Sales Market Share by Application (2018-2023)
Figure Global Household?Refrigerators?&?Freezers Sales Market Share by Application in 2023
Table Leading Consumers of Household?Refrigerators?&?Freezers by Application in 2023
Figure Example of Direct Channel
Figure Global Household?Refrigerators?&?Freezers for Direct Channel Revenue (Million $) and Growth Rate (2018-2023)
Figure Example of Distribution Channel
Figure Global Household?Refrigerators?&?Freezers for Distribution Channel Revenue (Million $) and Growth Rate (2018-2023)
Table Global Household?Refrigerators?&?Freezers Revenue by Sales Channel (2018-2023)
Table Global Household?Refrigerators?&?Freezers Revenue Market Share by Sales Channel (2018-2023)
Figure Global Household?Refrigerators?&?Freezers Revenue Market Share by Sales Channel in 2023
Table Leading Distributors/Dealers of Household?Refrigerators?&?Freezers by Sales Channel in 2023
Table Global Household?Refrigerators?&?Freezers Market Size and CAGR by Region (2018-2032)
Table Global Household?Refrigerators?&?Freezers Sales by Region (2018-2023)
Table Global Household?Refrigerators?&?Freezers Sales Market Share by Region (2018-2023)
Figure Global Household?Refrigerators?&?Freezers Sales Market Share by Region in 2023
Table Global Household?Refrigerators?&?Freezers Revenue (Million $) by Region (2018-2023)
Table Global Household?Refrigerators?&?Freezers Revenue Market Share by Region (2018-2023)
Figure Global Household?Refrigerators?&?Freezers Revenue Market Share by Region in 2023
Table North America Household?Refrigerators?&?Freezers Sales by Country (2018-2023)
Figure North America Household?Refrigerators?&?Freezers Sales Market Share by Country (2018-2023)
Table North America Household?Refrigerators?&?Freezers Revenue by Country (2018-2023)
Figure North America Household?Refrigerators?&?Freezers Revenue Market Share by Country (2018-2023)
Figure North America Household?Refrigerators?&?Freezers Market Share by Type in 2023
Figure North America Household?Refrigerators?&?Freezers Market Share by Application in 2023
Figure United States Household?Refrigerators?&?Freezers Sales and Growth Rate (2018-2023)
Figure United States Household?Refrigerators?&?Freezers Revenue (Million $) and Growth Rate (2018-2023)
Figure Canada Household?Refrigerators?&?Freezers Sales and Growth Rate (2018-2023)
Figure Canada Household?Refrigerators?&?Freezers Revenue (Million $) and Growth Rate (2018-2023)
Table Europe Household?Refrigerators?&?Freezers Sales by Country (2018-2023)
Figure Europe Household?Refrigerators?&?Freezers Sales Market Share by Country (2018-2023)
Table Europe Household?Refrigerators?&?Freezers Revenue by Country (2018-2023)
Figure Europe Household?Refrigerators?&?Freezers Revenue Market Share by Country (2018-2023)
Figure Europe Household?Refrigerators?&?Freezers Market Share by Type in 2023
Figure Europe Household?Refrigerators?&?Freezers Market Share by Application in 2023
Figure Germany Household?Refrigerators?&?Freezers Sales and Growth Rate (2018-2023)
Figure Germany Household?Refrigerators?&?Freezers Revenue (Million $) and Growth Rate (2018-2023)
Figure UK Household?Refrigerators?&?Freezers Sales and Growth Rate (2018-2023)
Figure UK Household?Refrigerators?&?Freezers Revenue (Million $) and Growth Rate (2018-2023)
Figure France Household?Refrigerators?&?Freezers Sales and Growth Rate (2018-2023)
Figure France Household?Refrigerators?&?Freezers Revenue (Million $) and Growth Rate (2018-2023)
Figure Italy Household?Refrigerators?&?Freezers Sales and Growth Rate (2018-2023)
Figure Italy Household?Refrigerators?&?Freezers Revenue (Million $) and Growth Rate (2018-2023)
Figure Spain Household?Refrigerators?&?Freezers Sales and Growth Rate (2018-2023)
Figure Spain Household?Refrigerators?&?Freezers Revenue (Million $) and Growth Rate (2018-2023)
Figure Russia Household?Refrigerators?&?Freezers Sales and Growth Rate (2018-2023)
Figure Russia Household?Refrigerators?&?Freezers Revenue (Million $) and Growth Rate (2018-2023)
Table Asia-Pacific Household?Refrigerators?&?Freezers Sales by Country (2018-2023)
Figure Asia-Pacific Household?Refrigerators?&?Freezers Sales Market Share by Country (2018-2023)
Table Asia-Pacific Household?Refrigerators?&?Freezers Revenue by Country (2018-2023)
Figure Asia-Pacific Household?Refrigerators?&?Freezers Revenue Market Share by Country (2018-2023)
Figure Asia-Pacific Household?Refrigerators?&?Freezers Market Share by Type in 2023
Figure Asia-Pacific Household?Refrigerators?&?Freezers Market Share by Application in 2023
Figure China Household?Refrigerators?&?Freezers Sales and Growth Rate (2018-2023)
Figure China Household?Refrigerators?&?Freezers Revenue (Million $) and Growth Rate (2018-2023)
Figure Japan Household?Refrigerators?&?Freezers Sales and Growth Rate (2018-2023)
Figure Japan Household?Refrigerators?&?Freezers Revenue (Million $) and Growth Rate (2018-2023)
Figure Korea Household?Refrigerators?&?Freezers Sales and Growth Rate (2018-2023)
Figure Korea Household?Refrigerators?&?Freezers Revenue (Million $) and Growth Rate (2018-2023)
Figure India Household?Refrigerators?&?Freezers Sales and Growth Rate (2018-2023)
Figure India Household?Refrigerators?&?Freezers Revenue (Million $) and Growth Rate (2018-2023)
Figure Southeast Asia Household?Refrigerators?&?Freezers Sales and Growth Rate (2018-2023)
Figure Southeast Asia Household?Refrigerators?&?Freezers Revenue (Million $) and Growth Rate (2018-2023)
Figure Australia Household?Refrigerators?&?Freezers Sales and Growth Rate (2018-2023)
Figure Australia Household?Refrigerators?&?Freezers Revenue (Million $) and Growth Rate (2018-2023)
Table South America Household?Refrigerators?&?Freezers Sales by Country (2018-2023)
Figure South America Household?Refrigerators?&?Freezers Sales Market Share by Country (2018-2023)
Table South America Household?Refrigerators?&?Freezers Revenue by Country (2018-2023)
Figure South America Household?Refrigerators?&?Freezers Revenue Market Share by Country (2018-2023)
Figure South America Household?Refrigerators?&?Freezers Market Share by Type in 2023
Figure South America Household?Refrigerators?&?Freezers Market Share by Application in 2023
Figure Brazil Household?Refrigerators?&?Freezers Sales and Growth Rate (2018-2023)
Figure Brazil Household?Refrigerators?&?Freezers Revenue (Million $) and Growth Rate (2018-2023)
Figure Mexico Household?Refrigerators?&?Freezers Sales and Growth Rate (2018-2023)
Figure Mexico Household?Refrigerators?&?Freezers Revenue (Million $) and Growth Rate (2018-2023)
Figure Argentina Household?Refrigerators?&?Freezers Sales and Growth Rate (2018-2023)
Figure Argentina Household?Refrigerators?&?Freezers Revenue (Million $) and Growth Rate (2018-2023)
Figure Colombia Household?Refrigerators?&?Freezers Sales and Growth Rate (2018-2023)
Figure Colombia Household?Refrigerators?&?Freezers Revenue (Million $) and Growth Rate (2018-2023)
Table Middle East & Africa Household?Refrigerators?&?Freezers Sales by Country (2018-2023)
Figure Middle East & Africa Household?Refrigerators?&?Freezers Sales Market Share by Country (2018-2023)
Table Middle East & Africa Household?Refrigerators?&?Freezers Revenue by Country (2018-2023)
Figure Middle East & Africa Household?Refrigerators?&?Freezers Revenue Market Share by Country (2018-2023)
Figure Middle East & Africa Household?Refrigerators?&?Freezers Market Share by Type in 2023
Figure Middle East & Africa Household?Refrigerators?&?Freezers Market Share by Application in 2023
Figure Turkey Household?Refrigerators?&?Freezers Sales and Growth Rate (2018-2023)
Figure Turkey Household?Refrigerators?&?Freezers Revenue (Million $) and Growth Rate (2018-2023)
Figure UAE Household?Refrigerators?&?Freezers Sales and Growth Rate (2018-2023)
Figure UAE Household?Refrigerators?&?Freezers Revenue (Million $) and Growth Rate (2018-2023)
Figure Saudi Arabia Household?Refrigerators?&?Freezers Sales and Growth Rate (2018-2023)
Figure Saudi Arabia Household?Refrigerators?&?Freezers Revenue (Million $) and Growth Rate (2018-2023)
Figure South Africa Household?Refrigerators?&?Freezers Sales and Growth Rate (2018-2023)
Figure South Africa Household?Refrigerators?&?Freezers Revenue (Million $) and Growth Rate (2018-2023)
Table Company Snapshot of Whirlpool
Table Household?Refrigerators?&?Freezers Introduction of Whirlpool
Table Household?Refrigerators?&?Freezers Sales, Price, Revenue, Gross Margin and Market Share of Whirlpool (2021-2023)
Table Industrial Chain of Household?Refrigerators?&?Freezers
Table Leading Consumers of Household?Refrigerators?&?Freezers
Figure Global Household?Refrigerators?&?Freezers Sales and Growth Rate Forecast (2024-2032)
Figure Global Household?Refrigerators?&?Freezers Revenue and Growth Rate Forecast (2024-2032)
Table Global Household?Refrigerators?&?Freezers Market Size and CAGR Forecast by Region (2024-2032)
Table Global Household?Refrigerators?&?Freezers Market Size and CAGR Forecast by Type (2024-2032)
Table Global Household?Refrigerators?&?Freezers Market Size and CAGR Forecast by Application (2024-2032)
Table Global Household?Refrigerators?&?Freezers Market Size and CAGR Forecast by Sales Channel (2024-2032)
