Global Household Refrigerators And Freezers Market Size & Outlook

The global household refrigerators and freezers market size was estimated at USD 81,902.3 million in 2020 and is projected to reach USD 117,250.0 million by 2028, growing at a CAGR of 4.6% from 2021 to 2028.
Revenue, 2020 (US$M)
$81,902.3
Forecast, 2028 (US$M)
$117,250.0
CAGR, 2021 - 2028
4.6%
Report Coverage
Worldwide

Global household refrigerators and freezers market highlights

  • The global household refrigerators and freezers market generated a revenue of USD 81,902.3 million in 2020 and is expected to reach USD 117,250.0 million by 2028.
  • The market is expected to grow at a CAGR (2021 - 2028) of 4.6% by 2028.
  • In terms of segment, double accounted for a revenue of USD 55,513.3 million in 2020.
  • Double is the most lucrative door type segment registering the fastest growth during the forecast period.
  • In terms of region, Asia Pacific was the largest revenue generating market in 2020.
  • Country-wise, U.S. is expected to register the highest CAGR from 2021 to 2028.

Global data book summary

Market revenue in 2020USD 81,902.3 million
Market revenue in 2028USD 117,250.0 million
Growth rate4.6% (CAGR from 2020 to 2028)
Largest segmentDouble
Fastest growing segmentDouble
Historical data covered2016 - 2019
Base year for estimation2020
Forecast period covered2021 - 2028
Quantitative unitsRevenue in USD million
Market segmentationSingle, Double

Other key industry trends

  • In terms of revenue, the North America accounted for 27.5% of the global household refrigerators and freezers market in 2020.
  • By country, the U.S. is projected to lead the global market in terms of revenue in 2028.
  • By country, U.S. is the fastest growing regional market and is projected to reach USD 18,774.6 million by 2028.

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Household Refrigerators And Freezers Market Companies

Name Profile # Employees HQ Website
Haier View profile 10001+ Qingdao Shi, Shandong, China, Asia http://haier.com/in
Robert Bosch Engineering & Business Solutions View profile 10001+ Bangalore, Karnataka, India, Asia http://www.bosch-india-software.com
Liebherr Group View profile 10001+ Biberach An Der Riß, Baden-Wurttemberg, Germany, Europe http://www.liebherr.com
Investor AB Class A View profile 8680 Arsenalsgatan 8C, Stockholm, Sweden, SE-103 32 https://www.investorab.com
Whirlpool Corp View profile 59000 2000 North M-63, Benton Harbor, MI, United States, 49022-2692 https://www.whirlpoolcorp.com
Dover Corp View profile 25000 3005 Highland Parkway, Downers Grove, IL, United States, 60515 https://www.dovercorporation.com
LG Electronics Inc ADR View profile 35111 Twin Tower 128, Yeoui-daero, Yeongdeungpo-gu, Seoul, Korea, Republic of, 07336 https://www.lge.co.kr
Samsung Electronics Co Ltd View profile 124804 129, Samsung-ro, Yeongtong-gu, Gyeonggi-do, Suwon-si, Korea, Republic of, 443-742 https://www.samsung.com
GE Aerospace View profile 125000 One Financial Center, Suite 3700, Boston, MA, United States, 02111 https://www.geaerospace.com
Panasonic Holdings Corp View profile 230025 1006, Oaza Kadoma, Kadoma-shi, Osaka, Japan, 571-8501 https://holdings.panasonic

Global household refrigerators and freezers market outlook

The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to household refrigerators and freezers market will help companies and investors design strategic landscapes.


Double was the largest segment with a revenue share of 67.78% in 2020. Horizon Databook has segmented the Global household refrigerators and freezers market based on single, double covering the revenue growth of each sub-segment from 2016 to 2028.


  • Global Household Refrigerators And Freezers Door Type Outlook (Revenue, USD Million, 2016-2028)
    • Double
      • French Door
      • Side by Side
      • Top Mounted Freezer
    • Single
  • Global Household Refrigerators And Freezers Structure Outlook (Revenue, USD Million, 2016-2028)
    • Built-in
    • Freestanding
  • Global Household Refrigerators And Freezers Capacity Outlook (Revenue, USD Million, 2016-2028)
    • More than 30 cu. Ft.
    • 16 cu. Ft. to 30 cu. Ft.
    • Less than 15 cu. Ft.

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Target buyers of Global household refrigerators and freezers market databook

  • Our clientele includes a mix of household refrigerators and freezers market companies, investment firms, advisory firms & academic institutions.
  • 30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Horizon Databook provides a detailed overview of global-level data and insights on the Global household refrigerators and freezers market , including forecasts for subscribers. This global databook contains high-level insights into Global household refrigerators and freezers market from 2016 to 2028, including revenue numbers, major trends, and company profiles.

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Global household refrigerators and freezers market size, by regions, 2016-2028 (US$M)

Top 10 countries: Household refrigerators and freezers market size, 2020 (US$M)

Global household refrigerators and freezers market share, by structure, 2020 & 2028 (%, US$M)

Household refrigerators and freezers market: Opportunity assessment by country

Global household refrigerators and freezers market, by region, 2020 (US$M)

Global household refrigerators and freezers market size, by regions, 2016-2028 (US$M)

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