Global Household Refrigerators And Freezers Market Size & Outlook

The household refrigerators and freezers industry worldwide is expected to reach a projected revenue of US$ 117,250.0 million by 2028. A compound annual growth rate of 4.6% is expected of the worldwide household refrigerators and freezers industry 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

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)
    • Single
    • Double
      • Top Mounted Freezer
      • Side by Side
      • French Door
  • 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)
    • Less than 15 cu. Ft.
    • 16 cu. Ft. to 30 cu. Ft.
    • More than 30 cu. Ft.

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Target buyers of Global household refrigerators and freezers market databook

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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 door type, 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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