China Household Refrigerators And Freezers Market Size & Outlook
The household refrigerators and freezers market in China is expected to reach a projected revenue of US$ 17,354.6 million by 2028. A compound annual growth rate of 5% is expected of China household refrigerators and freezers market from 2021 to 2028.
Revenue, 2020 (US$M)
$11,777.9
Forecast, 2028 (US$M)
$17,354.6
CAGR, 2021 - 2028
5%
Report Coverage
China
China household refrigerators and freezers market, 2016-2028 (US$M)
Related Markets
China household refrigerators and freezers market highlights
- The China household refrigerators and freezers market generated a revenue of USD 11,777.9 million in 2020 and is expected to reach USD 17,354.6 million by 2028.
- The China market is expected to grow at a CAGR of 5% from 2021 to 2028.
- In terms of segment, double was the largest revenue generating door type in 2020.
- Double is the most lucrative door type segment registering the fastest growth during the forecast period.
Household refrigerators and freezers market data book summary
| Market revenue in 2020 | USD 11,777.9 million |
| Market revenue in 2028 | USD 17,354.6 million |
| Growth rate | 5% (CAGR from 2020 to 2028) |
| Largest segment | Double |
| Fastest growing segment | Double |
| Historical data | 2016 - 2019 |
| Base year | 2020 |
| Forecast period | 2021 - 2028 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Single, Double |
| Key market players worldwide | GE Aerospace, Dover Corp, Investor AB Class A, Haier, LG Electronics Inc ADR, Liebherr Group, Robert Bosch Engineering & Business Solutions, Panasonic Holdings Corp, Samsung Electronics Co Ltd, Whirlpool Corp |
Other key industry trends
- In terms of revenue, China accounted for 14.4% of the global household refrigerators and freezers market in 2020.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2028.
- In Asia Pacific, China household refrigerators and freezers market is projected to lead the regional market in terms of revenue in 2028.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 5,534.9 million by 2028.
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Household Refrigerators And Freezers Market Scope
Household refrigerators and freezers market segmentation & scope
Household Refrigerators And Freezers Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
China 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 69.34% in 2020. Horizon Databook has segmented the China household refrigerators and freezers market based on single, double covering the revenue growth of each sub-segment from 2016 to 2028.
- China Household Refrigerators And Freezers Door Type Outlook (Revenue, USD Million, 2016-2028)
- Single
- Double
- Top Mounted Freezer
- Side by Side
- French Door
- China Household Refrigerators And Freezers Structure Outlook (Revenue, USD Million, 2016-2028)
- Built-in
- Freestanding
- China 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 China household refrigerators and freezers market databook
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Our clientele includes a mix of household refrigerators and freezers market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the China household refrigerators and freezers market , including forecasts for subscribers. This country databook contains high-level insights into China household refrigerators and freezers market from 2016 to 2028, including revenue numbers, major trends, and company profiles.
Partial client list
China household refrigerators and freezers market size, by door type, 2016-2028 (US$M)
China Household Refrigerators And Freezers Market Outlook Share, 2020 & 2028 (US$M)
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