Household Refrigerators and Freezers Market was valued US$ 72.43 Bn in 2017 and is expected to reach US$ 128.86 Bn by 2026, at a CAGR of 7.47 % during a forecast period.
The report is majorly segmented into Refrigerator Door, Freezer Location, and region.
Further, Household Refrigerators and Freezers Market based on Refrigerator Door includes Single Door, Double Door, Side by Side Door, and French door. Freezer Location segment is sub-segmented into Freezer on top, Freezer on bottom, and Freezer less.
Whereas region segment had segmented the geographies into five continents i. e. North America, Europe, Asia-Pacific, Latin America and Middle East & Africa.
In terms of refrigerator door, Due to high affordability and energy efficiency, single door types are collected to hold the large share in the market during forecast period. French door types has separate spaces to store food, beverages, groceries, and other products.
Based on freezer location, freezer on top is the most widely adopted types of refrigerators for household applications. The freezer on top and bottom segments are estimated to show similar growth rates during the forecast period. Freezer less type is regularly less chosen as it is used for storage of beverages only.
Refrigerators and freezers are considered safe, easy, and convenient way to preserve food and food products as well as hold prominent position in the household kitchen appliances segment. Increasing preference in the direction of stylish brands is also likely to boost the growth of the market.
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