Market by Category and Distribution Channel | Forecast 2022-2028
In terms of revenue, the China refrigeration appliances market is
anticipated to rise with a CAGR of 5.87%
during the forecast period 2022-2028.
The market was valued at $23056.00
million in 2021 and is expected to rise to a revenue of about $34832.98 million by 2028.
In terms of volume, the China refrigeration appliances market by
category is anticipated to rise with a CAGR
of 1.90% during the forecast period 2022-2028.
The market totaled 46648.60 thousand
units in 2021 and is expected to reach 53290.90
thousand units by 2028.
Refrigeration appliances refer to any stationary
device designed to contain as well as use refrigerant gas in order to establish
as well as maintain colder temperatures as compared to the surrounding
temperatures in a confined space. Some of the examples and applications of
refrigeration appliances include household refrigerators & freezers,
commercial refrigeration appliances, cold storage warehouses, and others.
A key factor driving the refrigeration
appliances market in China is the increasing demand for large capacity and
4-door fridge-freezers. The
COVID-19 pandemic caused an increase in the necessity for food storage, which
boosted the sales of huge capacity and 4+ door fridge-freezers in 2020. People
began to stockpile food, especially in the early phases of the disease. With
the normalization of food hoarding behavior continuing in 2021, consumers were
inclined towards high-capacity models with four or more doors as the pent-up
replacement demand was gradually freed.
Increased consumer interest in premium-first purchases and replacement
upgrades due to increased disposable incomes, rise in cooking at home, and food
storage awareness, benefited models with large volume storage capacities,
multiple storage areas, and various storage temperatures to address the problem
of flavor tainting in foods. As a result, volume sales of products with four or
more doors, and refrigerators and freezers with capacities of 511 to 595 liters
or more, surged in 2021.
However, the increase in unit pricing brought on
by the growing raw material costs is projected to restrain the expansion of the
Chinese refrigeration appliances market over the forecast period. Because of the supply chain disruption, the
cost of raw materials increased throughout 2021, which compelled producers to
increase the retail prices of finished items to some level. Additionally,
according to business sources, Midea Group’s unit costs for its various
refrigerator products increased by roughly 10% to 15%, from March 2021. The
cost of non-ferrous metals and other commodities is expected to rise in the
near future, making refrigeration equipment even more expensive across the
country. Hence, this is expected to hamper the adoption of refrigeration
devices.
Triton Market Research’s report provides
in-depth insight into China’s refrigeration appliances market, along with
segmentation analysis. The detailed analysis of the market includes PESTLE
analysis, competitive landscape, key buying criteria, market share analysis,
brand share analysis, and value chain analysis. The segmentation analysis of
the China refrigeration appliances market includes the market by category and
distribution channel.
The key players in the Chinese refrigeration
appliances market are Haier Group Corporation, Midea Group, Hisense, Hefei
Meiling, and Xingxing Group.
Market By Category, Applicatio ..
VIEW REPORT
Market by RTD Type | Forecast ..
VIEW REPORT
Market by Product Type | Forec ..
VIEW REPORT
Market by Product, Application ..
VIEW REPORT
Market By Product Type, Specie ..
VIEW REPORT
Market By Demographics, Produc ..
VIEW REPORT
Market by Type, Sales Channel, ..
VIEW REPORT
Market By Category, Applicatio ..
VIEW REPORT1. CHINA
REFRIGERATION APPLIANCES MARKET – SUMMARY
1.1. MARKET
DEFINITION
1.2. MARKET
SIZE & FORECASTS
1.3. MARKET
DRIVING ASPECTS
1.4. MARKET
RESTRAINING ASPECTS
1.5. KEY
PLAYERS
2. CHINA
REFRIGERATION APPLIANCES MARKET OUTLOOK
2.1. IMPACT
OF COVID-19 ON THE CHINA REFRIGERATION APPLIANCES MARKET
2.2. MARKET
SHARE ANALYSIS
2.3. BRAND
SHARE ANALYSIS
2.4. PESTLE
ANALYSIS
2.5. KEY
BUYING CRITERIA
2.6. VALUE
CHAIN ANALYSIS
3. CHINA
REFRIGERATION APPLIANCES MARKET – BY CATEGORY (VALUE IN $ MILLION & VOLUME
IN THOUSAND UNITS)
3.1. BUILT-IN
REFRIGERATION APPLIANCES
3.2. ELECTRIC
WINE COOLERS/CHILLERS
3.3. FREEZERS
3.4. FRIDGE
FREEZERS
3.5. FRIDGES
4. CHINA
REFRIGERATION APPLIANCES MARKET – BY DISTRIBUTION CHANNEL (VALUE IN $ MILLION)
4.1. HYPERMARKETS
4.2. ELECTRONICS
AND APPLIANCE SPECIALIST RETAILERS
4.3. E-COMMERCE
4.4. OTHER
DISTRIBUTION CHANNELS
5. COMPETITIVE
LANDSCAPE
5.1. HAIER
GROUP CORPORATION
5.2. MIDEA
GROUP
5.3. HISENSE
5.4. HEFEI
MEILING
5.5. XINGXING
GROUP
6. METHODOLOGY
& SCOPE
6.1. RESEARCH
SCOPE & DELIVERABLES
6.2. SOURCES
OF DATA
6.3. RESEARCH
METHODOLOGY
TABLE
1: CHINA REFRIGERATION APPLIANCES MARKET 2022-2028 (IN $ MILLION)
TABLE
2: REFRIGERATION APPLIANCES MARKET, MARKET SHARE ANALYSIS, 2020 & 2021 (IN
%)
TABLE
3: REFRIGERATION APPLIANCES MARKET, BRAND SHARE ANALYSIS, 2020 & 2021 (IN
%)
TABLE
4: CHINA – COUNTRY SNAPSHOT
TABLE
5: CHINA REFRIGERATION APPLIANCES MARKET, BY CATEGORY, 2022-2028 (IN $ MILLION)
TABLE
6: CHINA REFRIGERATION APPLIANCES MARKET, BY CATEGORY, 2022-2028 (IN THOUSAND
UNITS)
TABLE 7: CHINA REFRIGERATION APPLIANCES MARKET, BY DISTRIBUTION CHANNEL,
2022-2028 (IN $ MILLION)
FIGURE
1: REFRIGERATION APPLIANCES MARKET, MARKET SHARE ANALYSIS, 2020 & 2021 (IN
%)
FIGURE
2: REFRIGERATION APPLIANCES MARKET, BRAND SHARE ANALYSIS, 2020 & 2021 (IN
%)
FIGURE
3: KEY BUYING CRITERIA
FIGURE
4: VALUE CHAIN ANALYSIS
FIGURE
5: CHINA REFRIGERATION APPLIANCES MARKET, BY CATEGORY, 2021 & 2028 (IN %)
FIGURE
6: CHINA REFRIGERATION APPLIANCES MARKET, BY BUILT-IN REFRIGERATION APPLIANCES,
2022-2028 (IN $ MILLION)
FIGURE
7: CHINA REFRIGERATION APPLIANCES MARKET, BY BUILT-IN REFRIGERATION APPLIANCES,
2022-2028 (IN THOUSAND UNITS)
FIGURE
8: CHINA REFRIGERATION APPLIANCES MARKET, BY ELECTRIC WINE COOLERS/CHILLERS,
2022-2028 (IN $ MILLION)
FIGURE
9: CHINA REFRIGERATION APPLIANCES MARKET, BY ELECTRIC WINE COOLERS/CHILLERS,
2022-2028 (IN THOUSAND UNITS)
FIGURE
10: CHINA REFRIGERATION APPLIANCES MARKET, BY FREEZERS, 2022-2028 (IN $
MILLION)
FIGURE
11: CHINA REFRIGERATION APPLIANCES MARKET, BY FREEZERS, 2022-2028 (IN THOUSAND
UNITS)
FIGURE
12: CHINA REFRIGERATION APPLIANCES MARKET, BY FRIDGE FREEZERS, 2022-2028 (IN $
MILLION)
FIGURE
13: CHINA REFRIGERATION APPLIANCES MARKET, BY FRIDGE FREEZERS, 2022-2028 (IN
THOUSAND UNITS)
FIGURE
14: CHINA REFRIGERATION APPLIANCES MARKET, BY FRIDGES, 2022-2028 (IN $ MILLION)
FIGURE
15: CHINA REFRIGERATION APPLIANCES MARKET, BY FRIDGES, 2022-2028 (IN THOUSAND
UNITS)
FIGURE
16: CHINA REFRIGERATION APPLIANCES MARKET, BY DISTRIBUTION CHANNEL, 2021 &
2028 (IN %)
FIGURE
17: CHINA REFRIGERATION APPLIANCES MARKET, BY HYPERMARKETS, 2022-2028 (IN $
MILLION)
FIGURE
18: CHINA REFRIGERATION APPLIANCES MARKET, BY ELECTRONICS AND APPLIANCE
SPECIALIST, 2022-2028 (IN $ MILLION)
FIGURE
19: CHINA REFRIGERATION APPLIANCES MARKET, BY E-COMMERCE, 2022-2028 (IN $
MILLION)
FIGURE 20: CHINA REFRIGERATION APPLIANCES MARKET, BY OTHER DISTRIBUTION
CHANNELS, 2022-2028 (IN $ MILLION)