The global home freezers market is expected to grow from $9.76 billion in 2021 to $10.40 billion in 2022 at a compound annual growth rate (CAGR) of 6.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services effecting many markets across the globe. The home freezers market is expected to reach $12.18 billion in 2026 at a CAGR of 4%.
The home freezer market consists of sales of chest freezers, upright freezers, and others home freezers. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
A home freezer is a larger container where the temperature is maintained below the freezing point for storing the food inside for longer periods.
The main products of the home freezers market are chest freezers, upright freezers, and others. A chest freezer is a freezer shaped like a chest with a door that opens by lifting. The types of doors are 1 door, 2 doors, 3 doors, and 4 doors. The capacity used is 200 and below, 200-300, 300-500, 500, and above. The applications are residential, commercial, and industrial.
The increasing consumption of processed food products such as frozen meat, vegetables, and dairy products as well as the change in the dietary habits of consumers is driving the freezers market growth. Due to busy lifestyles, consumers are increasingly relying on processed food and prepared meals that require freezers for storage. According to Rentokil, the processed food industries are valued at $2 trillion globally. The huge market for processed food products is expected to drive the freezers market.
Intense pricing pressure on manufacturers is restraining the growth of the freezers market. The market has numerous players competing in terms of price, specifications, and other characteristics. Durable goods such as TV, and freezers are more price elastic than necessities. People are more likely to purchase when there is a reduction in the price of the goods and less likely to purchase when there is a price hike.
Freezer manufacturers are implementing technologies such as IoT and embedded sensors in their products to improve overall functionality. Manufacturers are introducing advanced human-machine interface designs in freezers and also manufacturing freezers that can automatically recognize the type and weight of the food stored in the refrigerators, and adjust and monitor the temperature as per requirement.
The regions covered in the home freezers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
The countries covered in the home freezers market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA.
The market value is defined as the revenues that enterprises gain from goods and/or services sold within the specified market and geography through sales, grants, or donations in terms of currency (in USD ($) unless otherwise specified).
The revenues for a specified geography are consumption values - that is, they are revenues generated by organizations in the specified geography within the specified market, irrespective of where they are produced. It does not include revenues from resales either further along the supply chain or as part of other products.
The home freezers market research report is one of a series of new reports that provides home freezers market statistics, including home freezers industry global market size, regional shares, competitors with a home freezers market share, detailed home freezers market segments, market trends and opportunities, and any further data you may need to thrive in the home freezers industry. This home freezers market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
Major players in the home freezers market are Daihan Scientific, ThermoFisher Scientific, Haier Group Corporation, AB Electrolux, Hitachi Ltd, LG Electronics, Liebherr Group, Siemens Home Appliances, Brandt, and Beverage-Air Corporation.
This product will be delivered within 3-5 business days.
The home freezer market consists of sales of chest freezers, upright freezers, and others home freezers. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
A home freezer is a larger container where the temperature is maintained below the freezing point for storing the food inside for longer periods.
The main products of the home freezers market are chest freezers, upright freezers, and others. A chest freezer is a freezer shaped like a chest with a door that opens by lifting. The types of doors are 1 door, 2 doors, 3 doors, and 4 doors. The capacity used is 200 and below, 200-300, 300-500, 500, and above. The applications are residential, commercial, and industrial.
The increasing consumption of processed food products such as frozen meat, vegetables, and dairy products as well as the change in the dietary habits of consumers is driving the freezers market growth. Due to busy lifestyles, consumers are increasingly relying on processed food and prepared meals that require freezers for storage. According to Rentokil, the processed food industries are valued at $2 trillion globally. The huge market for processed food products is expected to drive the freezers market.
Intense pricing pressure on manufacturers is restraining the growth of the freezers market. The market has numerous players competing in terms of price, specifications, and other characteristics. Durable goods such as TV, and freezers are more price elastic than necessities. People are more likely to purchase when there is a reduction in the price of the goods and less likely to purchase when there is a price hike.
Freezer manufacturers are implementing technologies such as IoT and embedded sensors in their products to improve overall functionality. Manufacturers are introducing advanced human-machine interface designs in freezers and also manufacturing freezers that can automatically recognize the type and weight of the food stored in the refrigerators, and adjust and monitor the temperature as per requirement.
The regions covered in the home freezers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
The countries covered in the home freezers market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA.
The market value is defined as the revenues that enterprises gain from goods and/or services sold within the specified market and geography through sales, grants, or donations in terms of currency (in USD ($) unless otherwise specified).
The revenues for a specified geography are consumption values - that is, they are revenues generated by organizations in the specified geography within the specified market, irrespective of where they are produced. It does not include revenues from resales either further along the supply chain or as part of other products.
The home freezers market research report is one of a series of new reports that provides home freezers market statistics, including home freezers industry global market size, regional shares, competitors with a home freezers market share, detailed home freezers market segments, market trends and opportunities, and any further data you may need to thrive in the home freezers industry. This home freezers market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
Major players in the home freezers market are Daihan Scientific, ThermoFisher Scientific, Haier Group Corporation, AB Electrolux, Hitachi Ltd, LG Electronics, Liebherr Group, Siemens Home Appliances, Brandt, and Beverage-Air Corporation.
This product will be delivered within 3-5 business days.
Table of Contents
1. Executive Summary2. Home Freezers Market Characteristics
3. Home Freezers Market - Macro Economic Scenario
3.1 COVID-19 Impact On Home Freezers Market
3.2 Ukraine-Russia War Impact On Home Freezers Market
3.3 Impact Of High Inflation On Home Freezers Market
4. Home Freezers Market Size And Growth
4.1. Global Freezers Historic Market, 2017 - 2022, $ Billion
4.1.1. Drivers Of The Market
4.1.2. Restraints On The Market
4.2. Global Freezers Forecast Market, 2022 - 2027F, 2032F, $ Billion
4.2.1. Drivers Of The Market
4.2.2. Restraints On the Market
5. Home Freezers Market Segmentation
5.1. Global Home Freezers Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
- Chest Freezer
- Upright Freezer
- Other Products
- Residential
- Commercial
- Industrial
1 Door
2 Door
3 Door
4 Door
5.4. Global Home Freezers Market, Segmentation By Capacity, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
200 & below
200-300
300-500
500 & Above
6. Home Freezers Market Regional And Country Analysis
6.1. Global Home Freezers Market, Split By Region, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
6.2. Global Home Freezers Market, Split By Country, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
7. Asia-Pacific Home Freezers Market
7.1. Asia-Pacific Home Freezers Market Overview
7.2. Asia-Pacific Home Freezers Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
7.3. Asia-Pacific Home Freezers Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
8. China Home Freezers Market
8.1. China Home Freezers Market Overview
8.2. China Home Freezers Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2027F, 2032F,$ Billion
8.3. China Home Freezers Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2027F, 2032F,$ Billion
9. India Home Freezers Market
9.1. India Home Freezers Market Overview
9.2. India Home Freezers Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
9.3. India Home Freezers Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
10. Japan Home Freezers Market
10.1. Japan Home Freezers Market Overview
10.2. Japan Home Freezers Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
10.3. Japan Home Freezers Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
11. Australia Home Freezers Market
11.1. Australia Home Freezers Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
11.2. Australia Home Freezers Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
12. Indonesia Home Freezers Market
12.1. Indonesia Home Freezers Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
12.2. Indonesia Home Freezers Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
13. South Korea Home Freezers Market
13.1. South Korea Home Freezers Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
13.2. South Korea Home Freezers Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
14. Western Europe Home Freezers Market
14.1. Western Europe Home Freezers Market Overview
14.2. Western Europe Home Freezers Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
14.3. Western Europe Home Freezers Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
15. UK Home Freezers Market
15.1. UK Home Freezers Market Overview
15.2. UK Home Freezers Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
15.3. UK Home Freezers Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
16. Germany Home Freezers Market
16.1. Germany Home Freezers Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
16.2. Germany Home Freezers Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
17. France Home Freezers Market
17.4. France Home Freezers Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
17.5. France Home Freezers Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
18. Eastern Europe Home Freezers Market
18.1. Eastern Europe Home Freezers Market Overview
18.2. Eastern Europe Home Freezers Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
18.3. Eastern Europe Home Freezers Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
19. Russia Home Freezers Market
19.1. Russia Home Freezers Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
19.2. Russia Home Freezers Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
20. North America Home Freezers Market
20.1. North America Home Freezers Market Overview
20.2. North America Home Freezers Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
20.3. North America Home Freezers Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
21. USA Home Freezers Market
21.1. USA Home Freezers Market Overview
21.2. USA Home Freezers Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
21.3. USA Home Freezers Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
22. South America Home Freezers Market
22.1. South America Home Freezers Market Overview
22.2. South America Home Freezers Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
22.3. South America Home Freezers Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
23. Brazil Home Freezers Market
23.1. Brazil Home Freezers Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
23.2. Brazil Home Freezers Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
24. Middle East Home Freezers Market
24.1. Middle East Home Freezers Market Overview
24.2. Middle East Home Freezers Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
24.3. Middle East Home Freezers Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
25. Africa Home Freezers Market
25.1. Africa Home Freezers Market Overview
25.2. Africa Home Freezers Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
25.3. Africa Home Freezers Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2027F, 2032F, $ Billion
26. Home Freezers Market Competitive Landscape And Company Profiles
26.1. Home Freezers Market Competitive Landscape
26.2. Home Freezers Market Company Profiles
26.2.1. Daihan Scientific
26.2.1.1. Overview
26.2.1.2. Products and Services
26.2.1.3. Strategy
26.2.1.4. Financial Performance
26.2.2. ThermoFisher Scientific
26.2.2.1. Overview
26.2.2.2. Products and Services
26.2.2.3. Strategy
26.2.2.4. Financial Performance
26.2.3. Haier Group Corporation
26.2.3.1. Overview
26.2.3.2. Products and Services
26.2.3.3. Strategy
26.2.3.4. Financial Performance
26.2.4. AB Electrolux
26.2.4.1. Overview
26.2.4.2. Products and Services
26.2.4.3. Strategy
26.2.4.4. Financial Performance
26.2.5. Hitachi Ltd
26.2.5.1. Overview
26.2.5.2. Products and Services
26.2.5.3. Strategy
26.2.5.4. Financial Performance
27. Key Mergers And Acquisitions In The Home Freezers Market
28. Home Freezers Market Trends And Strategies
29. Home Freezers Market Future Outlook and Potential Analysis
30. Appendix
30.1. Abbreviations
30.2. Currencies
30.3. Historic And Forecast Inflation Rates
30.4. Research Inquiries
30.5. About the Publisher
30.6. Copyright And Disclaimer
Executive Summary
Home Freezers Global Market Report 2023 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on home freezers market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Reasons to Purchase
- Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
- Understand how the market has been affected by the coronavirus and how it is responding as the impact of the virus abates.
- Assess the Russia - Ukraine war’s impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
- Measure the impact of high global inflation on market growth.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market shares.
- Benchmark performance against key competitors.
- Suitable for supporting your internal and external presentations with reliable high quality data and analysis
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
Scope
Markets Covered
1) By Product: Chest Freezer; Upright Freezer; Other Products2) By Application: Residential; Commercial; Industrial
3) By Type Of Door: 1 Door; 2 Door; 3 Door; 4 Door
4) By Capacity: 200 And Below; 200-300; 300-500; 500 And Above
Companies Mentioned: Daihan Scientific; ThermoFisher Scientific; Haier Group Corporation; AB Electrolux; Hitachi Ltd.
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery format: PDF, Word and Excel Data Dashboard.
Companies Mentioned
- Daihan Scientific
- ThermoFisher Scientific
- Haier Group Corporation
- AB Electrolux
- Hitachi Ltd.
- LG Electronics
- Liebherr Group
- Siemens Home Appliances
- Brandt
- Beverage-Air Corporation
- Brandt Electric
- Panasonic Corporation
- Whirlpool Corporation
- Hengel Industries
- True Manufcaturing
- Diamond engineering works
- Rock well industries ltd.
- Western refrigiration private ltd.
- Newtronic Life care equipment pvt. ltd.
- Remi group
- Ice make
- Elan professional appliances pvt. ltd.
- Star scientific Instruments
- Macro scientific works
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 175 |
| Published | February 2023 |
| Forecast Period | 2022 - 2026 |
| Estimated Market Value ( USD | $ 10.4 billion |
| Forecasted Market Value ( USD | $ 12.18 billion |
| Compound Annual Growth Rate | 4.0% |
| Regions Covered | Global |
| No. of Companies Mentioned | 24 |
