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Refrigerators - APAC

APAC
  • Revenue in the Refrigerators market amounts to US$65.36bn in 2024. The market is expected to grow annually by 4.74% (CAGR 2024-2029).
  • The market's largest segment is the segment 0.0 with a market volume of 0.0 in 2024.
  • In global comparison, most revenue is generated China (US$32bn in 2024).
  • In relation to the total number of households, per household revenues of US$59.12 are generated in 2024.
  • In the Refrigerators market, volume is expected to amount to 118.0m pieces by 2029. The Refrigerators market is expected to show a volume growth of 2.9% in 2025.0.
  • The average volume per household in the Refrigerators market is expected to amount to 0.09pieces in 2024.

Definition: Refrigerators are electric appliances designed to preserve food items by cooling or maintaining their freshness. These appliances come in the form of cupboard-like structures and include fridge freezers, vapor compressor refrigerators, and integrated vapor compressor refrigerators, which are intended for domestic use.

Additional Information: The market comprises key performance indicators such as revenues, volume, price per unit, average revenue and volume per household and sales channels.

Note that the volume sales only refer to B2C (business to consumer) sales, via both the offline and the online channel. The average revenue and volume per household are determined by dividing the revenues and volume by the number of households, where a household refers to a house and its occupants, and is regarded as a unit. Finally, price per unit refers to the cost of a single unit of the product.

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In-Scope

  • Fridge freezers
  • Vapor compressor refrigerators
  • Integrated vapor compressor refrigerators

Out-Of-Scope

  • Freezers
  • Commercial appliances
  • Non-electric appliances
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Study Details

    Revenue

    Notes: Data was converted from local currencies using average exchange rates of the respective year.

    Most recent update: May 2024

    Source: Statista Market Insights

    Most recent update: May 2024

    Source: Statista Market Insights

    Volume

    Most recent update: May 2024

    Source: Statista Market Insights

    Most recent update: May 2024

    Source: Statista Market Insights

    Price

    Most recent update: May 2024

    Source: Statista Market Insights

    Sales Channels

    Most recent update: May 2024

    Source: Statista Market Insights

    Global Comparison

    Most recent update: May 2024

    Source: Statista Market Insights

    Methodology

    Data coverage:

    The data encompasses B2C enterprises. Figures are based on consumer spending on Household Appliances.

    Modeling approach:

    Market sizes are determined through a bottom-up approach, building on specific predefined factors for each market segment. As a basis for evaluating markets, we use annual financial reports of the market-leading companies and industry associations, trade data, national statistical office data, third-party studies and reports, survey results from our primary research (e.g., the Statista Consumer Insights Global Survey), as well as performance factors. In addition, we use relevant key market indicators and data from country-specific associations, such as number of households, consumer spending, and price level index. This data helps us estimate the market size for each country individually.

    Forecasts:

    In our forecasts, we apply diverse forecasting techniques, such as exponential trend smoothing, for instance. The selection of forecasting techniques is based on the behavior of the relevant market.

    Additional notes:

    The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year. In some cases, the data is updated on an ad hoc basis (e.g., when new, relevant data has been released or significant changes within the market have an impact on the projected development). Survey data is reweighted for representativeness.

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    Key Market Indicators

    Notes: Based on data from IMF, World Bank, UN and Eurostat

    Most recent update: Sep 2024

    Source: Statista Market Insights

    Explore more high-quality data on related topic

    Refrigerators - statistics & facts

    In most countries, refrigeration has grown to become the most essential food storage technique. As key features of any kitchen, refrigerators form a vital part of any home, being the most owned major appliance by households globally. Makers of some of the most popular refrigerator brands such as Midea, Haier Smart Home, and Whirlpool are among the leading household appliance companies worldwide.
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