Europe Household Refrigerator Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 15.69 Billion |
| Market Size (2029) | USD 18.40 Billion |
| CAGR (2024 - 2029) | 3.23 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Europe Household Refrigerator Market Analysis
The Europe Household Refrigerator Market size is estimated at USD 15.69 billion in 2024, and is expected to reach USD 18.40 billion by 2029, growing at a CAGR of 3.23% during the forecast period (2024-2029).
During the review period, sales of home refrigerators through specialty channels like electronics and appliance specialty stores and home and garden specialty stores have tended to go down, while sales through e-commerce are quickly gaining retail volume shares. When it comes to refrigeration appliances, consumers can easily look at models online or in stores and then buy them through e-commerce. This is especially true for freestanding items. Due to modernization and urbanization.
In 2020, the number of refrigerators sold in stores went down for the first time in a long time. COVID-19 was a shock to the economy that made people less confident, which made some people put off buying big-ticket items. Freestanding freezers were by far the best-selling refrigeration appliances. Their rate of growth in retail volume sales sped up slightly from the previous year. The fact that some households sought to stockpile food during the early stages of the pandemic due to the perceived risk of shortages increased demand for these appliances. Liebherr-Hausger盲te Ochsenhausen GmbH continued to lead refrigeration appliances in countries in Europe. It enjoyed a strong reputation as a specialist offering an extremely wide array of high-quality, durable refrigeration appliances of all types at good value for money, with its frost-free fridge freezers particularly popular.
Europe Household Refrigerator Market Trends
Growth of Urbanization Creates Demand for Household Appliances
The revenue of household appliance purchases increased compared to the previous year. User penetration was 21.9% in the previous and is expected to hit 33% by the forecasted period. Furthermore, with a population that is more concentrated in urban regions, people are spending more on lifestyle changes, which are fueling the growth of the market. With 95%, 85%, and 82% of the total population living in cities and urban areas of Europe's most urbanized cities, Malta, the United Kingdom, and the Netherlands, there is a surplus demand for household appliance accessories.
Growth of Household Ownership Rate of Refrigerators in Europe
Major appliances such as ovens, dishwashing machines, freezers, microwaves, refrigerators, vacuum cleaners, and washing machines are owned by many households across the Europe. Each one has different requirements when it comes to our fridges and freezers: as much storage space as possible, long-lasting food freshness, innovative yet timeless design, and the use of high-quality materials that ensure an appliance has a long service life. Romania, Portugal, and Italy are the countries with the highest household ownership rate of refrigerators amongst the European countries shown in the breakdown in 2022. Belgium and Sweden have the highest household ownership rate of freezers with more than Sixty percent respectively, according to the Statista Global Consumer Survey.
Europe Household Refrigerator Industry Overview
Adoption of smart household refrigerators and upgrading to new technology lead to increased competition within the company. Innovation and technological advancement are taking pace as COVID-19 and urbanization strike the general population, leading to the adoption of new refrigerators and household appliances. Companies across the world have huge investments in this segment of the market. In Europe, the household refrigerator market has many companies fragmented over minor shares. Liebherr-Hausger盲te Ochsenhausen GmbH, Samsung, Whirlpool, LG, Haier, Bosch, Midea, and Electrolux are among the household refrigerators, fixtures, etc.
Europe Household Refrigerator Market Leaders
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Liebherr-Hausger盲te Ochsenhausen GmbH
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Samsung
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Whirlpool
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LG
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Haier
*Disclaimer: Major Players sorted in no particular order
Europe Household Refrigerator Market News
- January 2023: Samsung announced a new range of bespoke refrigerators and ovens ahead of CES 2023. The new lineup includes a new range of Bespoke refrigerators with a 32-inch screen for the Bespoke 4-Door Flex with Family Hub+ and advanced AI Pro Cooking for the Bespoke AI Oven.
- November 2022: Haier Europe further expanded its production capacity with a new dishwasher factory in Turkey. With an investment of more than 鈧�40 million (43.42 USD million), the new factory will have a full capacity of 1 million units per year.
Europe Household Refrigerator Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS AND INSIGHTS
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Insights on impact of technology in the Market
4.5 Industry Attractiveness - Porter's Five Forces Analysis
4.5.1 Bargaining Power of Buyers
4.5.2 Bargaining Power of Buyers
4.5.3 Threat of New Entrants
4.5.4 Threat of Substitutes
4.5.5 Intensity of Competitive Rivalry
4.6 Impact of COVID-19 on the Market
5. MARKET SEGMENTATION
5.1 By Type
5.1.1 Chest Freezers
5.1.2 Bottom Freezers Refrigerator
5.1.3 Top Freezers Refrigerator
5.1.4 Side-By-Side Freezers Refrigerator
5.1.5 Refrigerators
5.2 By Application
5.2.1 Frozen Vegetables and Fruits
5.2.2 Frozen Meat
5.2.3 Other Applications
5.3 By Distribution
5.3.1 Speciality Stores
5.3.2 Supermarkets/ Hypermarkets
5.3.3 Online Stores
5.3.4 Other Distribution Channels
5.4 By Country
5.4.1 United Kingdom
5.4.2 France
5.4.3 Italy
5.4.4 Germany
5.4.5 Spain
5.4.6 Other European Countries
6. COMPETITIVE LANDSCAPE
6.1 Market Concentration Overview
6.2 Company Profiles
6.2.1 Liebherr-Hausger te Ochsenhausen GmbH
6.2.2 Samsung
6.2.3 Whirlpool
6.2.4 LG
6.2.5 Haier
6.2.6 Bosch
6.2.7 Midea
6.2.8 Electrolux
6.2.9 Miele
6.2.10 Brandt*
- *List Not Exhaustive
7. MARKET OPPORTUNTIES AND FUTURE TRENDS
8. DISCLAIMER AND ABOUT US
Europe Household Refrigerator Industry Segmentation
Household refrigerators are one of the most widely demanded products as people are adopting urbanization. A complete background analysis of the Europe Household Refrigerator Market, which includes an assessment of the economy, a market overview, market size estimation for key segments, emerging trends in the market, market dynamics, and key company profiles, is covered in the report. The Europe Household Refrigerator Market is segmented by type (chest freezers, bottom freezer refrigerators, top freezer refrigerators, side-by-side freezer refrigerators, and refrigerators), by application (frozen vegetables and fruits, frozen meat, other applications), by distribution (specialty stores, supermarkets, online stores, other distribution channels), and by country (United Kingdom, France, Italy, Germany, Spain, and other European countries). The report offers market size and forecasts for the Europe Household Refrigerator Market in value (USD) for all the above segments.
| By Type | |
| Chest Freezers | |
| Bottom Freezers Refrigerator | |
| Top Freezers Refrigerator | |
| Side-By-Side Freezers Refrigerator | |
| Refrigerators |
| By Application | |
| Frozen Vegetables and Fruits | |
| Frozen Meat | |
| Other Applications |
| By Distribution | |
| Speciality Stores | |
| Supermarkets/ Hypermarkets | |
| Online Stores | |
| Other Distribution Channels |
| By Country | |
| United Kingdom | |
| France | |
| Italy | |
| Germany | |
| Spain | |
| Other European Countries |
Europe Household Refrigerator Market Research FAQs
How big is the Europe Household Refrigerator Market?
The Europe Household Refrigerator Market size is expected to reach USD 15.69 billion in 2024 and grow at a CAGR of 3.23% to reach USD 18.40 billion by 2029.
What is the current Europe Household Refrigerator Market size?
In 2024, the Europe Household Refrigerator Market size is expected to reach USD 15.69 billion.
Who are the key players in Europe Household Refrigerator Market?
Liebherr-Hausger盲te Ochsenhausen GmbH, Samsung, Whirlpool, LG and Haier are the major companies operating in the Europe Household Refrigerator Market.
What years does this Europe Household Refrigerator Market cover, and what was the market size in 2023?
In 2023, the Europe Household Refrigerator Market size was estimated at USD 15.20 billion. The report covers the Europe Household Refrigerator Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Europe Household Refrigerator Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Europe Household Refrigerator Industry Report
Statistics for the 2024 Europe Household Refrigerator market share, size and revenue growth rate, created by 糖心vlog传媒鈩� Industry Reports. Europe Household Refrigerator analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
