Household Refrigerators and Freezers Market Size, Share and Trends 2025 to 2034

Revenue, 2024

USD 97.72 Bn

Forecast Year, 2034

USD 147.45 Bn

CAGR, 2025 - 2034

4.20%

Report Coverage

Global

What is the Household Refrigerators and Freezers Market Size?

The global household refrigerators and freezers market size is valued at USD 101.82 billion in 2025 and is predicted to increase from USD 106.10 billion in 2026 to approximately USD 147.45 billion by 2034, expanding at a CAGR of 4.20% from 2025 to 2034.The rising need to store perishable food items for a longer period of time by keeping them at low temperatures is increasing the adoption of household refrigerators and freezers market.

Household Refrigerators and Freezers Market Key Takeaways

• Asia Pacific led the global market with the highest market share of 36% in 2024.
• By door type, the double door segment has held the largest market share of 65% in 2024.
• By structure, the freestanding segment captured the biggest revenue share of 55% in 2024.
• By distribution channel, the specialty stores segment registered the maximum market share in 2024.

Integration of AI in Refrigerators and Freezers

The utilisation of artificial intelligence in household refrigerators and freezers has the potential to efficiently manage the refrigerator and freezer energy consumption resulting in significant cost savings. It also monitors and controls energy usage, ensuring appliances operate at peak efficiency. AI integration offers a smart refrigerator and freezer which automatically recognizes food types, monitors food freshness, and offers real-time information on smartphones for a better and more convenient user experience. Additionally, smart appliances offer optimizing temperature, predictive diagnostics, and data-driven insights to improve food storage and minimize product deterioration.

• In August 2024, Samsung launched its new Bespoke AI Double Door Refrigerator series which is designed with advanced AI features such as SmartThings AI Energy Mode, SmartThings Home Care, Smart Forward, Twin Cooling Plus and Active Fresh Filter.

Household Refrigerators and Freezers Market Growth Factors

The global household refrigerators and freezers market is driven by certain factors such as growing consumer expenditure on home improvement goods, increasing demand for the smart technological home appliances, growing popularity of energy efficient appliances and machines, rising disposable income, and need for storing various food items for a longer time. The various discounts and promotional activities by the supermarkets and hypermarkets and online groceries that occasionally offers fruits, vegetables, and other items on huge discounts propels the customers to make a bulk purchase. Therefore, there is an increased need for storing these fruits and vegetables arises that boosts the demand for the household refrigerators and freezers.

Furthermore, the increased participation of market players in the research and development activities to develop sustainable freezers and refrigerators have substantial role in the growth of the market especially in the developed regions. Other factors that highly impact the market growth includes rising number of nuclear families, growing traction of modular kitchens, growing demand for ready-to-eat food, increasing consumption of frozen and canned food products, and changing consumption habits of the consumers. The refrigerators and freezers plays a crucial role in in keeping various food and beverages items fresh for extended time. All these factors have made the use of refrigerators and freezers an essential household appliance and now it is a common appliance that is installed in almost every household.

Market Outlook

• Industry Growth Overview:
  The household refrigerators and freezers market is growing, driven by consumer demand for smart, energy-efficient, and aesthetically attractive appliances, influenced by factors such as increasing disposable incomes, urbanization, and the popularity of integrated kitchens.
• Global Expansion:
  The household refrigerators and freezers market is expanding due to spending in advance residential construction and home remodeling projects are making a constant demand for novel refrigerators and freezers as customer upgrade their kitchens.
• Major investors:
  Major investors in the household refrigerators and freezers industry generally invest in the large parent companies, publicly traded multinational corporations. It involves Whirlpool Corporation, Haier Group, LG Electronics, Samsung Electronics, and Electrolux AB.

Market Scope

Door Type Insights

The double door segment led the global household refrigerators and freezers market with a remarkable revenue share of over 65% in 2024 and is anticipated to retain its dominance throughout the forecast period. The double door refrigerators offers more space for storage having multiple and specifically designed compartments for storing beverage and food items separately. This offers efficiency of storage and convenience to the users.

On the other hand, the French door segment is estimated to be the most opportunistic segment during the forecast period. The French door refrigerators offer several benefits over other refrigerators such as multiple cabinets for storing beverage, groceries, and other items. The French door refrigerators also provides freezer cabinet that helps for storing food items for longer time by offering extra space and temperature adjustments.

Structure Insights

The freestanding segment led the market with a notable revenue share of over 55% in 2024 and is projected to retain its dominance throughout the forecast period. The standalone or freestanding refrigerators are the most commonly used refrigerators in the households across the globe. This refrigerator can be relocated easily, its easy availability, easy repair and maintenance, and various door type options has exponentially contributed towards the growth of this segment in the global market.

On the other hand, the built-in refrigerator is expected to grow at the highest CAGR during the forecast period. The growth of this segment is primarily driven by the growing popularity of the modular kitchen and also less space required by this refrigerator. Hence, this segment is showing promising growth rate throughout the forecast period.

Distribution ChannelInsights

The specialty stores segment led the market with a remarkable revenue share in 2024 and is predicted to retain its dominance throughout the forecast period. The specialty stores offer specialized services to the customers along with various discounts and coupon codes. Further, the availability of wide range of refrigerators and freezers along with the associated accessories attracts the consumers and fosters the growth of this segment.

On the other hand, the e-commerce is estimated to be the most opportunistic segment during the forecast period. This is attributable to the huge options along with a variety of brands are available, easy return and replacement policies, easy home delivery, and easy payment makes the buying of such appliances more convenient for the consumers.

Regional Insights

Asia Pacific Household Refrigerators and Freezers Market Size and Growth 2025 to 2034

The Asia Pacific household refrigerators and freezers market size is estimated at USD 36.66 billion in 2025 and is predicted to be worth around USD 53.08 billion by 2034, at a CAGR of 4.40% from 2025 to 2034.

North America accounted largest market Share in 2024 and is estimated to sustain its dominance during the forecast period. This is simply attributed to the presence of numerous key market players in the region. Further, increased disposable income, higher demand for luxury and quality products, increasing demand for the home improvement products, higher adoption rate of innovative technologies, increasing consumer awareness regarding sustainable refrigerators, and easy availability of the desired brands. The US and Canada is characterized by the high penetration of common home improvement products. North America is closely followed by Europe.

The dominance of this country in the North American region is greatly observed due to the integration of smart refrigeration technology which connects the internet to help with inventory management and many more features. The market is driven primarily by the increasing demand of consumers for convenience and connected devices and rising consciousness regarding health and consumption of fresh food.

Asia Pacific is estimated to be the most opportunistic market. This is attributable to the factors such as rising urbanization, rising disposable income, increasing consumer expenditure on home improvement. Further, the presence of key manufacturers such as Samsung, Haier, Panasonic, and Godrej has significantly boosted the market in this region. Further, rising government expenditure on building sophisticated infrastructure and increasing electrification in the underdeveloped regions is expected to positively impact the market growth.

The household refrigerators and freezers market is anticipated to grow at the fastest rate in China under the Asia Pacific region. The expansion of the market in this region is credited to the storing of seafood in fridges. According to the USDA, China is the world's largest seafood producer in 2023 and still. The country's official production is estimated at 71 million metric tons (MMT). Therefore, the rising consumer demand to incorporate a suitable, well-featured refrigerator and freezer in their household to store seafood boosts the growth in the country.

Europe Household Refrigerators and Freezers Market Trends

Europe has seen a steady growth in the household refrigerators and freezers market due to the increasing disposable income and preferences for convenient food storage drives the growth of the market in the region. The growing focus of the government and initiatives for energy energy-efficient model in the region, due to increasing environmental concerns, drives the growth of the market.

The growing demand for smart technology like touch screen, internet of things IoT connectivity, for enhanced functionality, convenience, and cost effectiveness gains the attention of the consumers and helps in the growth of the household refrigerator and freezers market in the region, and also helps in the growth and expansion of the market.

The major manufacturers like Whirlpool, Midea Group, Electrolux, and Haier Group in the region play a crucial role in the market for their dominance and growth due to their innovations and offering of flexibility in the technology, which supports the growth of the market.

UK Household Refrigerators and Freezers Market Trends

The UK has seen a significant growth in the market driven by growing innovations in energy efficiency, smart technology, and online sales strategies, and consumers' focus on the environment and sustainability in the country by environmental conscious drives the growth of the market in the country. Rising disposable income and demand for high-quality, technologically advanced applications support the growth.

The rising growth in online sales channels is experiencing rapid growth due to ease and convenience, due to rising use and penetration of the internet, and changing consumer preferences and cost effectiveness, which boosts the growth of the market in the region. Rising concerns and focus of UK consumers for food safety, storage, and hygiene, and the adoption of smart technologies in appliances further support the growth and expansion of the household refrigerator and freezer market.

Household Refrigerators and Freezers Market - Value Chain Analysis

• Raw Material Sourcing:
  Raw material sourcing for household refrigerators and freezers primarily involves metals such as steel and aluminum, different plastics, insulation materials such as polyurethane foam, and components for the cooling technology, like copper tubing and refrigerants.
  Key Players: Haier and Samsung
  
  
• Installation and Commissioning:
  Installation significantly involves physical setup and basic utility connections, while commissioning is the subsequent process of testing and verifying that the appliance is working correctly and efficiently within its novel environment.
  Key Players: LG Electronics and Whirlpool
  
  
• Product Lifecycle Management:
  The Product lifecycle management (PLM) technology for household refrigerators and freezers encompasses the whole journey from initial concept to final disposal or recovery.
  Key Players: Electrolux and Panasonic

Top Vendors in the Household Refrigerators and Freezers Market & Their Offerings

Latest Announcements by Industry Leaders

• In August 2024, Saurabh Baishakhia, Senior Director of the Digital Appliances Business, at Samsung India said, “Our focus extends beyond cooling – our appliances enhance everyday living by offering accessibility, adaptability, and aesthetic design, all at once. The Bespoke AI Double Door refrigerators seamlessly fit with your interior. They are equipped with advanced AI features, offering users the perfect combination of performance, energy efficiency, and design,”

Segments Covered in the Report

By Door Type

• Double Door
• French Door
• Top Mounted
• Side by Side
• Single Door

By Structure

• Built-in
• Freestanding

By Distribution Channel

• Supermarkets/Hypermarkets
• Specialty Stores
• E-commerce
• Others

By Geography

• North America
• Asia Pacific
• Europe
• Latin America
• Middle East and Africa