APAC refrigerators market is expected to witness positive growth during forecast period.
On the basis of freezer location, APAC refrigerators market is segmented into top mounted freezer, French door bottom freezer, bottom mounted, side-by-side and freezer less. Of all, side-by-side refrigerators are likely to register a healthy growth over the coming five years, driven by the rising consumption of the frozen and fast foods across the urban regions. Moreover, enhanced lifestyle, easy financing options, and incorporation of maintenance free compressors would further boost the demand for side-by-side refrigerators.
Market players are focusing on technological developments to enhance the product portfolio in terms of better efficiency, owing to rising demand for cost saving and energy saving refrigerators. Whirlpool, Electrolux, Haier, Samsung, and LG are some of the giants in the APAC refrigerators market.
Years considered for this report
Historical Years2014-2017
Base Year2018
Estimated Year2019
Forecast Period2020–2024
Objective of the Study
- To analyze and forecast the market size of APAC refrigerators market
- To forecast APAC refrigerators market based on capacity, refrigerator door type, freezer location and regional distribution
- To identify drivers and challenges for APAC refrigerators market
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in APAC refrigerators market
- To conduct the pricing analysis for APAC refrigerators market
- To identify and analyze the profile of leading players operating in the APAC refrigerators market
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Some of the leading players in the APAC refrigerators market are AB Electrolux, GE Appliances, Haier Group, Hitachi, Ltd., LG Electronics, Panasonic Corporation, Samsung Electronics Co. Ltd., Whirlpool, etc.
TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of refrigerators manufacturers across the region. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the suppliers which could not be identified due to the limitations of secondary research. TechSci Research analyzed the product offerings, distribution channels and presence of all major Refrigerators manufacturers across the region.
TechSci Research calculated APAC refrigerators market size using a bottom-up approach, wherein data for various end user industries and its application across various product types were recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company website, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.
Key Target Audience
- Refrigerators manufacturers
- Refrigerators suppliers, distributors and other stakeholders
- Refrigerators end user industries
- Organizations, forums and alliances related to Refrigerators market
- Market research and consulting firms
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers, end users etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
