Global Refrigerators Market Industry Analysis, Size, Share, Growth And Forecast To 2032

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

As per the refrigerators market report by The Business Research Company, the increasing consumption of processed food products such as frozen meat, vegetables, and dairy products as well as change in the dietary habits of consumers is driving the refrigerators market growth. Due to busy lifestyles, consumers are increasingly relying on processed food and prepared meals that require refrigerators for storage

The global refrigerators market size will grow from $45.27 billion in 2022 to $48.79 billion in 2023 at a compound annual growth rate (CAGR) of 7.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global refrigerators market size is expected to grow to $63.66 billion in 2027 at a CAGR of 6.9%.

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Major competitors in the refrigerators market include Electrolux, Haier, LG Electronics, Samsung Electronics, Whirlpool, Hitachi, Bosch, Hisense, Sharp, and Siemens

The refrigerators market is segmented -
By Type: Single-Door, Double-Door, French-Door, Other Types

By Distribution Channel: Specialty Retailers, Department Stores, Mass Retailers/Hypermarkets/Supermarkets, Discount Stores, Online

By Application: Household, Commercial Use, Industrial Use

By Freezer Location: Freezer-on-Top, Freezer-on-Bottom, Freezer-Less

By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the refrigerators market.

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A refrigerator is defined as an electrical appliance used to preserve food at cold temperatures. the main types of refrigerators are single-door, double-door, French-door, and others. A single-door refrigerator has only one outer door; the freezer also has a door, but it can be reached only through the outer door. Also, they are usually available in sizes as small as 50 liters and can go up to 250 liters. The various freezer locations, including freezer-on-top, freezer-on-bottom, and freezer-less, are used for household, commercial, and industrial applications. The refrigerators are distributed through specialty retailers, department stores, mass retailers/hypermarkets/supermarkets, discount stores, and online channels.

The Table Of Content For The Refrigerators market Include:
1. Executive Summary
2. Refrigerators Market Characteristics
3. Refrigerators Market Trends And Strategies
4. Refrigerators Market - Macro Economic Scenario
5. Refrigerators Market Size And Growth
......
26. Africa Refrigerators Market
27. Refrigerators Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Refrigerators Market
29. Refrigerators Market Future Outlook and Potential Analysis
30. Appendix

The "Global Refrigerators market Report 2023" from The Business Research Company is a comprehensive report that covers every facet of a market covering over 60 geographies and over 2500 market segments. The regional and country breakdowns section analyzes the market in each geography and the market size by region and country. Furthermore, it assesses the market's historical and projected growth and identifies significant trends and strategies that companies can leverage for business expansion.

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