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Refrigerator Market Size
- Report ID: GMI5111
- Published Date: Mar 2023
- Report Format: PDF
Refrigerator Market Size
Refrigerator Market size exceeded USD 100 billion in 2022 and is expected to witness 7% CAGR from 2023 to 2032. This market growth can be attributed to rising consumer preferences for connected home appliances with enhanced features & capabilities. The growing internet & smartphone penetration coupled with the growing consumer electronics industry is also contributing to the adoption of smart refrigerators.
High initial purchase costs and long product lifecycles discourage consumers from replacing their old refrigerators with new ones, thereby limiting market growth. The longer shelf life of products often restricts people from making frequent purchases of durable products. The easy availability of spare parts for refrigerators in retail stores and on e-commerce platforms encourages consumers to replace broken components instead of purchasing new refrigerators. This is a major factor hampering market growth.
| Report Attribute | Details |
|---|---|
| Base Year: | 2022 |
| Refrigerator Market Size in 2022: | USD 100 billion |
| Forecast Period: | 2023 to 2032 |
| Forecast Period 2023 to 2032 CAGR: | 5% |
| 2032 Value Projection: | USD 200 billion |
| Historical Data for: | 2018 to 2022 |
| No. of Pages: | 600 |
| Tables, Charts & Figures: | 1,219 |
| Segments covered: | Door Type, Door Handle Type, Door Opening Type, Product, Refrigerant, Technology, Volume, Display Type, Control Type, Application |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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Frequently Asked Questions (FAQ) :
Refrigerator Market Scope
