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Europe Household Refrigerator Market Size (2024 - 2029)

The Europe Household Refrigerator Market is projected to experience growth over the forecast period, with a notable shift in retail dynamics. While traditional sales channels like specialty stores have seen a decline, e-commerce is rapidly increasing its share in the market. This trend is driven by consumer preferences for online shopping, particularly for freestanding refrigeration appliances. The market's expansion is also influenced by factors such as modernization and urbanization, alongside changes in consumer behavior prompted by economic uncertainties and the COVID-19 pandemic.

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Market Size of Europe Household Refrigerator Industry

Europe Household Refrigerator Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
Market Size (2024) USD 15.69 Billion
Market Size (2029) USD 18.40 Billion
CAGR (2024 - 2029) 3.23 %
Market Concentration Medium

Major Players

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*Disclaimer: Major Players sorted in no particular order

Europe Household Refrigerator Market Analysis

The Europe Household Refrigerator Market size is estimated at USD 15.69 billion in 2024, and is expected to reach USD 18.40 billion by 2029, growing at a CAGR of 3.23% during the forecast period (2024-2029).

During the review period, sales of home refrigerators through specialty channels like electronics and appliance specialty stores and home and garden specialty stores have tended to go down, while sales through e-commerce are quickly gaining retail volume shares. When it comes to refrigeration appliances, consumers can easily look at models online or in stores and then buy them through e-commerce. This is especially true for freestanding items. Due to modernization and urbanization.

In 2020, the number of refrigerators sold in stores went down for the first time in a long time. COVID-19 was a shock to the economy that made people less confident, which made some people put off buying big-ticket items. Freestanding freezers were by far the best-selling refrigeration appliances. Their rate of growth in retail volume sales sped up slightly from the previous year. The fact that some households sought to stockpile food during the early stages of the pandemic due to the perceived risk of shortages increased demand for these appliances. Liebherr-Hausgeräte Ochsenhausen GmbH continued to lead refrigeration appliances in countries in Europe. It enjoyed a strong reputation as a specialist offering an extremely wide array of high-quality, durable refrigeration appliances of all types at good value for money, with its frost-free fridge freezers particularly popular.

Europe Household Refrigerator Industry Segmentation

Household refrigerators are one of the most widely demanded products as people are adopting urbanization. A complete background analysis of the Europe Household Refrigerator Market, which includes an assessment of the economy, a market overview, market size estimation for key segments, emerging trends in the market, market dynamics, and key company profiles, is covered in the report. The Europe Household Refrigerator Market is segmented by type (chest freezers, bottom freezer refrigerators, top freezer refrigerators, side-by-side freezer refrigerators, and refrigerators), by application (frozen vegetables and fruits, frozen meat, other applications), by distribution (specialty stores, supermarkets, online stores, other distribution channels), and by country (United Kingdom, France, Italy, Germany, Spain, and other European countries). The report offers market size and forecasts for the Europe Household Refrigerator Market in value (USD) for all the above segments.

By Type
Chest Freezers
Bottom Freezers Refrigerator
Top Freezers Refrigerator
Side-By-Side Freezers Refrigerator
Refrigerators
By Application
Frozen Vegetables and Fruits
Frozen Meat
Other Applications
By Distribution
Speciality Stores
Supermarkets/ Hypermarkets
Online Stores
Other Distribution Channels
By Country
United Kingdom
France
Italy
Germany
Spain
Other European Countries
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Europe Household Refrigerator Market Size Summary

The European household refrigerator market is experiencing a shift in consumer purchasing behavior, with a notable decline in sales through traditional specialty channels such as electronics and appliance stores. Instead, e-commerce platforms are rapidly gaining traction, offering consumers the convenience of browsing and purchasing refrigeration appliances online. This trend is particularly evident for freestanding models, driven by modernization and urbanization. The market saw a temporary dip in sales during the COVID-19 pandemic as consumer confidence waned, leading to a decrease in big-ticket item purchases. However, the demand for freestanding freezers surged as households sought to stockpile food amid perceived shortages. Liebherr-Hausgeräte Ochsenhausen GmbH remains a dominant player in the market, known for its high-quality and durable refrigeration appliances, particularly its popular frost-free fridge freezers.

The market is characterized by a growing urban population in Europe, with significant spending on lifestyle changes that boost demand for household appliances. Major cities like Malta, the United Kingdom, and the Netherlands have high urbanization rates, contributing to the increased need for household appliance accessories. The adoption of smart refrigerators and technological advancements are intensifying competition among companies, prompting substantial investments in the sector. The market is fragmented, with key players such as Liebherr-Hausgeräte Ochsenhausen GmbH, Samsung, Whirlpool, LG, Haier, Bosch, Midea, and Electrolux competing for market share. Recent innovations, like Samsung's bespoke refrigerators with advanced features, highlight the ongoing technological evolution in the market.

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Europe Household Refrigerator Market Size - Table of Contents

  1. 1. MARKET DYNAMICS AND INSIGHTS

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

    3. 1.3 Market Restraints

    4. 1.4 Insights on impact of technology in the Market

    5. 1.5 Industry Attractiveness - Porter's Five Forces Analysis

      1. 1.5.1 Bargaining Power of Buyers

      2. 1.5.2 Bargaining Power of Buyers

      3. 1.5.3 Threat of New Entrants

      4. 1.5.4 Threat of Substitutes

      5. 1.5.5 Intensity of Competitive Rivalry

    6. 1.6 Impact of COVID-19 on the Market

  2. 2. MARKET SEGMENTATION

    1. 2.1 By Type

      1. 2.1.1 Chest Freezers

      2. 2.1.2 Bottom Freezers Refrigerator

      3. 2.1.3 Top Freezers Refrigerator

      4. 2.1.4 Side-By-Side Freezers Refrigerator

      5. 2.1.5 Refrigerators

    2. 2.2 By Application

      1. 2.2.1 Frozen Vegetables and Fruits

      2. 2.2.2 Frozen Meat

      3. 2.2.3 Other Applications

    3. 2.3 By Distribution

      1. 2.3.1 Speciality Stores

      2. 2.3.2 Supermarkets/ Hypermarkets

      3. 2.3.3 Online Stores

      4. 2.3.4 Other Distribution Channels

    4. 2.4 By Country

      1. 2.4.1 United Kingdom

      2. 2.4.2 France

      3. 2.4.3 Italy

      4. 2.4.4 Germany

      5. 2.4.5 Spain

      6. 2.4.6 Other European Countries

Europe Household Refrigerator Market Size FAQs

The Europe Household Refrigerator Market size is expected to reach USD 15.69 billion in 2024 and grow at a CAGR of 3.23% to reach USD 18.40 billion by 2029.

In 2024, the Europe Household Refrigerator Market size is expected to reach USD 15.69 billion.

Europe Household Refrigerator Market Report Snapshots

Europe Household Refrigerator Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)