Market Insights Consumer Household Appliances Major Appliances

Refrigerators - Eastern Asia

Eastern Asia

In 2024, the revenue in the Refrigerators market in Eastern Asia amounts to US$38.15bn.
It is projected to grow annually by US$32,170m (CAGR 2024-2029).
When compared globally, in China generates the highest revenue with US$32,170m in 2024.
In terms of per household revenues, US$66.35 is generated in 2024.
By 2029, the volume in the Refrigerators market is expected to reach 63.0m pieces.
However, there is a slight decline of 1.2% in volume growth projected for 2025.
On average, each household is expected to have a volume of 0.10pieces in the Refrigerators market in 2024.
In Eastern Asia, the demand for energy-efficient refrigerators has been on the rise, driven by government initiatives and increasing consumer awareness of environmental sustainability.

Key regions: United States, Europe, Japan, United Kingdom, India

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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.