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Household Refrigerators and Freezers market Growth | LG, General Electric, Bosch, Panasonic, Frigidaire, AB Electrolux, Aucma Company Ltd., General Electric, Frigidaire, Electrolux, Samsung, Whirlpool, Haier
Several key players in household refrigerators and freezers market have shifted their focus towards development and deployment of premium energy efficient and environmentally friendly products. These premium products are gaining popularity among the upper-middle and middle class segment. Adding to this, rise in disposable income has further contributed to boost the industry growth as consumers are able to afford premium and high-end products.
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Europe household refrigerators and freezers market is predicted to exhibit a lucrative growth rate over the coming eight years. The attributing factors towards the market growth are surging need of energy efficient products and rising disposable income.
The market players are focusing on technological developments to enhance the product portfolio in terms of better efficiency, as it is a major value add for the consumers leveraging a decent energy and cost saving for them. Whirlpool, Electrolux, Haier, Samsung, and L.G. are some of the major giants in the household refrigerators and freezers market. Other notable key players include Panasonic, Frigidaire, Bosch, and General Electric.
French door bottom freezers accounted for 25% of the market share in 2015 and will grow lucratively over the coming years, owing to the growing demand for technically advanced products.
Geographically, U.S. contributed majorly towards the North America household refrigerators and freezers market share in 2015 and will grow noticeably over the coming timeframe, owing to the growing demand for eco-friendly products.
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Market share calculation in this report is not done based on companies covered in it. The calculation of Household Refrigerators And Freezers Market share is done based on a regional approach and countries covered. On request, additional companies can be covered as well as regional data for particular country / countries can be provided.
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