Global Household Refrigerators and Freezers Market is estimated to be valued at USD 93.89 Bn in 2025 and is expected to reach USD 126.07 Bn by 2032, growing at a compound annual growth rate (CAGR) of 4.3% from 2025 to 2032.
Report Coverage
Report Details
Base Year:
2024
Market Size in 2025:
USD 93.89 Bn
Historical Data for:
2020 To 2024
Forecast Period:
2025 To 2032
Forecast Period 2025 to 2032 CAGR:
4.30%
2032 Value Projection:
USD 126.07 Bn
The global household refrigerators and freezers market has been growing steadily over the past few decades. A household refrigerator is an essential appliance found in almost every home worldwide for preserving perishable food items and beverages by keeping them cool. On the other hand, freezers are used to freeze and store frozen food items for a long period of time. Rapid urbanization, rising incomes, improving standards of living, and changing consumer lifestyles and food habits have been driving the sales of refrigerators and freezers across global households. Moreover, technological advancements in energy efficiency and introduction of smart and connected refrigerators are also fueling the market growth. However, high initial costs and increasing raw material prices remain key challenges for market players.
Market Dynamics:
The global household refrigerators and freezers market is projected to grow at a healthy CAGR during the forecast period, primarily supported by growing urbanization and rising disposable incomes particularly in developing nations. Rapid urbanization has resulted in more people living independently in standalone households, driving up refrigerator sales. Additionally, consumers are now spending more on home appliances and gadgets to enhance lifestyle and convenience at home, propelling the market growth. However, high raw material costs owing to supply chain disruptions is a major restraint. On the positive side, introduction of energy-efficient and smart refrigerators integrated with internet connectivity offers lucrative opportunities for manufacturers to tap into.
Key Features of the Study:
This report provides in-depth analysis of the global household refrigerators and freezers market, and provides market size (USD Bn) and compound annual growth rate (CAGR%) for the forecast period (2025-2032), considering 2024 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global household refrigerators and freezers market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
Key companies covered as a part of this study include General Electric, Dover Corporation, AB Electrolux (publ), Haier Group, LG Electronics, LIEBHERR, Robert Bosch GmbH, Panasonic Holdings Corporation, SAMSUNG, Whirlpool Corporation, Dacor Inc., Hitachi, Ltd., and Koninklijke Philips N.V.
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
The global household refrigerators and freezers market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Market Segmentation
Type Insights (Revenue, USD Bn, 2020 - 2032)
Top-freezer Refrigerators
Bottom-freezer Refrigerators
Side-by-Side Refrigerators
French Door Refrigerators
Capacity Insights (Revenue, USD Bn, 2020 - 2032)
Less than 15 cu. Ft.
16 cu. Ft to 30 cu. Ft.
More than 30 cu. Ft.
Distribution Channel Insights (Revenue, USD Bn, 2020 - 2032)
Multi-branded Stores
Specialty Stores
Online
Other Distribution Channels
Regional Insights (Revenue, USD Bn, 2020 - 2032)
North America
U.S.
Canada
Latin America
Brazil
Argentina
Mexico
Rest of Latin America
Europe
Germany
U.K.
Spain
France
Italy
Russia
Rest of Europe
Asia Pacific
China
India
Japan
Australia
South Korea
ASEAN
Rest of Asia Pacific
Middle East
GCC Countries
Israel
Rest of Middle East
Africa
South Africa
North Africa
Central Africa
Key Players Insights
General Electric
Dover Corporation
AB Electrolux (publ)
Haier Group
LG Electronics
LIEBHERR
Robert Bosch GmbH
Panasonic Holdings Corporation
SAMSUNG
Whirlpool Corporation
Dacor Inc.
Hitachi, Ltd.
Koninklijke Philips N.V.
Table of Contents
1. Research Objectives and Assumptions
Research Objectives
Assumptions
Abbreviations
2. Market Purview
Report Description
Market Definition and Scope
Executive Summary
Global Household Refrigerators and Freezers Market, By Type
Global Household Refrigerators and Freezers Market, By Capacity
Global Household Refrigerators and Freezers Market, By Distribution Channel
Global Household Refrigerators and Freezers Market, By Region
3. Market Dynamics, Regulations, and Trends Analysis
Market Dynamics
Impact Analysis
Key Highlights
Regulatory Scenario
Product Launches/Approvals
PEST Analysis
PORTER's Analysis
Market Opportunities
Regulatory Scenario
Key Developments
Industry Trends
4. Global Household Refrigerators and Freezers Market, By Type, 2020-2032, (USD Bn)
Introduction
Market Share Analysis, 2025 and 2032 (%)
Y-o-Y Growth Analysis, 2021 - 2032
Segment Trends
Top-freezer Refrigerators
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
Bottom-freezer Refrigerators
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
Side-by-Side Refrigerators
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
French Door Refrigerators
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
5. Global Household Refrigerators and Freezers Market, By Capacity, 2020-2032, (USD Bn)
Introduction
Market Share Analysis, 2025 and 2032 (%)
Y-o-Y Growth Analysis, 2021 - 2032
Segment Trends
Less than 15 cu. Ft.
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
16 cu. Ft to 30 cu. Ft.
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
More than 30 cu. Ft.
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
6. Global Household Refrigerators and Freezers Market, By Distribution Channel, 2020-2032, (USD Bn)
Introduction
Market Share Analysis, 2025 and 2032 (%)
Y-o-Y Growth Analysis, 2021 - 2032
Segment Trends
Multi-branded Stores
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
Specialty Stores
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
Online
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
Other Distribution Channels
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
7. Global Household Refrigerators and Freezers Market, By Region, 2020 - 2032, Value (USD Bn)