European Built-in Refrigerator Market Size (2024 - 2029)

The European built-in refrigerator market is experiencing growth driven by a rising consumer preference for smart household appliances and the increasing adoption of advanced-featured refrigerators, supported by high disposable incomes and widespread access to smartphones and high-speed internet. The shift towards e-commerce for purchasing refrigeration appliances is notable, as it offers convenience for consumers to explore and buy models online. Despite a decline in retail volume sales during the economic downturn caused by COVID-19, the demand for household and built-in refrigerators continues to rise, influenced by modernization and urbanization trends across the region.

Market Size of European Built-in Refrigerator Industry

European Built-in Refrigerator Market Growth
Study Period 2020 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2020 - 2022
CAGR > 3.59 %
Market Concentration Medium

Major Players

European Built-in Refrigerator Market Key Players

*Disclaimer: Major Players sorted in no particular order

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European Built-in Refrigerator Market Analysis

The market's growth is influenced by the increasing consumer inclination toward smart appliances for the household, including refrigerators. Moreover, high disposable income, high penetration of smartphones, and access to high-speed internet will also foster the adoption of advanced featured refrigerators across the region, thus, driving the market growth. Sales of the household refrigerators through specialist distribution formats, such as electronics and appliance specialist retailers, but also home and garden specialist retailers, have tended to decline through the review period, with e-commerce fast gaining retail volume shares. Concerning refrigeration appliances, it is easy and convenient for consumers to peruse models online or via showrooms, then buy via e-commerce, especially for freestanding items. The market's growth is influenced by the increasing consumer inclination toward smart appliances for the household, including refrigerators. Moreover, high disposable income, high penetration of smartphones, and access to high-speed internet will also foster the adoption of advanced featured refrigerators across the region, thus, driving the market growth. Due to modernization and urbanization, the demand for Household & Built-in Refrigerators is increasing in the country with a CAGR of 3.59% over the forecast period.

Retail volume sales of refrigeration appliances declined for the first time in 2020. The economic shock of COVID-19 harmed consumer confidence, which led some to postpone purchases of big-ticket items. Freestanding freezers were by far the top performer in refrigeration appliances during 2020, with their growth rate in retail volume sales accelerating slightly from the previous year. Demand for these appliances was boosted because some households sought to stockpile food during the early stages of the pandemic due to the perceived risk of shortages. Liebherr-Hausgeräte Ochsenhausen GmbH continued to lead refrigeration appliances in countries in Europe during 2020. It enjoys a strong reputation as a specialist offering an extremely wide array of high-quality, durable refrigeration appliances of all types and good value for money, with its frost-free fridge freezers, particularly popular.

European Built-in Refrigerator Industry Segmentation

Built-In Refrigerators are one of the most widely demanded products as people adopt urbanization. A complete background analysis of the Europe Built-in Refrigerator Market includes an assessment of the economy, market overview, market size estimation for key segments, emerging trends in the market, market dynamics, and key company profiles covered in the report. European Built-in Refrigerator Market is segmented based on By Product Type (Single Door, Double Door, Side by Side Door, French Door, and Other), By Application (Residential and Commercial), By Distribution Channel (Online Channel and Offline Channel), and by Country (United Kingdom, France, Germany, and Other European Countries).

By Application
Commercial
Residential
By distribution channel
Online Channel
Offline Channel
By Product Type
Single Door
Double Door
Side by Side Door
French Door
Other
By Geography
United Kingdom
France
Germany
Others*
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European Built-in Refrigerator Market Size Summary

The European built-in refrigerator market is experiencing growth driven by a rising consumer preference for smart home appliances, including refrigerators. This trend is supported by factors such as increased disposable income, widespread smartphone penetration, and access to high-speed internet, which facilitate the adoption of advanced-featured refrigerators. The shift towards e-commerce is notable, with consumers increasingly purchasing refrigeration appliances online, enhancing convenience and accessibility. Urbanization and modernization further contribute to the demand for built-in refrigerators, as more people in urban areas invest in lifestyle upgrades. Despite a decline in retail volume sales during the initial stages of the COVID-19 pandemic, the market has shown resilience, with freestanding freezers performing well due to increased food stockpiling.

Key players in the market, such as Bosch Group, Electrolux AB, General Electric Co., Haier Group Corp., Samsung Electronics Co. Ltd., and Whirlpool Corp., are actively engaging in strategies like mergers, acquisitions, and collaborations to maintain competitiveness in this fragmented market. The introduction of innovative products, such as Electrolux's smart refrigerator in collaboration with Karma, highlights the industry's focus on integrating technology to reduce food waste. Additionally, regulatory changes, such as the EU's new energy label requirements, are prompting manufacturers to enhance the energy efficiency of their models. These dynamics, coupled with the growing inclination towards built-in refrigerators, are shaping the market's trajectory in the coming years.

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European Built-in 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 Buid-in Refrigerator Market

    5. 1.5 Industry Attractiveness - Porters' Five Forces Analysis

      1. 1.5.1 Threat of New Entrants

      2. 1.5.2 Bargaining Power of Buyers

      3. 1.5.3 Bargaining Power of Suppliers

      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 Application

      1. 2.1.1 Commercial

      2. 2.1.2 Residential

    2. 2.2 By distribution channel

      1. 2.2.1 Online Channel

      2. 2.2.2 Offline Channel

    3. 2.3 By Product Type

      1. 2.3.1 Single Door

      2. 2.3.2 Double Door

      3. 2.3.3 Side by Side Door

      4. 2.3.4 French Door

      5. 2.3.5 Other

    4. 2.4 By Geography

      1. 2.4.1 United Kingdom

      2. 2.4.2 France

      3. 2.4.3 Germany

      4. 2.4.4 Others*

European Built-in Refrigerator Market Size FAQs

The European Built-in Refrigerator Market is projected to register a CAGR of greater than 3.59% during the forecast period (2024-2029)

Bosch, LG, Haier, General Electronics Co., and Whirlpool Co., are the major companies operating in the European Built-in Refrigerator Market.

European Built-in Refrigerator Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)