Market Overview:
According to Fortune Business Insights Europe is the second largest region in the global refrigerator market. The Europe refrigerator market size is projected to grow at a CAGR of 7.14% during the forecast period. The global market of refrigerator is projected to grow from USD 74.74 billion in 2024 to USD 120.01 billion by 2032.
This information is provided by Fortune Business Insights™ in its research report, titled “Europe Refrigerator Market, 2025-2032”.
List of Key Players Mentioned in the Report:
- Haier Inc. (China)
- LG Corporation (South Korea)
- Samsung Group (South Korea)
- Whirlpool Corporation (U.S.)
- Voltas Limited (India)
- Electrolux AB (Sweden)
- Panasonic Holdings Corporation (Japan)
- Sharp Corporation (Japan)
- Hitachi, Ltd. (Japan)
- Toshiba Corporation (Japan)
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Segments:
Based on product type, the market is categorized into French door refrigerator, bottom freezer refrigerator, top freezer refrigerator, and side by side refrigerator. On the basis of distribution channel, the market is segmented into offline and online.
The report covers the following countries/regions – the U.K., Germany, France, Italy, Spain, and the rest of Europe.
Report Coverage:
The report gives an analysis of the major trends impelling industry expansion throughout the forecast period. It further offers an account of the key factors propelling market growth over the estimated period. Some of the additional insights include mergers, agreements, acquisitions, and the rollout of new solutions by leading market participants.
Drivers and Restraints:
Europe Refrigerator Market Share to Rise Propelled by Increasing Consumption of Frozen Food Products
One of the major aspects impelling the Europe refrigerator market growth is the increasing dependence on frozen food ingredients and the ease of purchasing an array of food products online.
However, the industry expansion was affected due to the growing awareness associated with environmental protection and stringent government regulations.
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https://www.fortunebusinessinsights.com/europe-refrigerator-market-107671
Competitive Landscape:
Key Companies Strike Partnership Deals to Strengthen Market Presence
Leading industry participants are formulating and adopting an array of initiatives for strengthening the positions of their businesses. Some of the adopted initiatives include collaborations, partnership initiatives, and the formation of alliances. For instance, in March 2021, Liebherr rolled out an array of refrigeration and freezing with its fully integrated appliances.
Key Industry Development:
January 2023: Samsung launched the global launch of Bespoke Infinite Line Refrigerator, a new lineup of column refrigerators. It will launch in Europe, followed by Mexico, Thailand, and Australia, by the end of 2023. The refrigerator lineup will have a Greige finish and a gold-copper edge frame. The exterior of the refrigerator is made of premium aluminum that is dent and scratch resistant, whereas the interior offers ‘Black Metal Cooling’ and ‘Tunnel Lighting’.
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