Market by Category and Distribution Channel | Forecast 2022-2028
In terms of revenue, the United States refrigeration appliances market
is anticipated to rise with a CAGR of
8.45% during the forecast years between 2022 and 2028. The
market was valued at $25826.3 million in 2021 and is expected to rise
to a revenue of about $46935.5 million by 2028.
In terms of volume, the United States refrigeration appliances market by
category is anticipated to rise with a CAGR
of 5.11% during the forecast years between 2022 and 2028. The
market totaled 17636.30 thousand units
in 2021 and is expected to reach 25246.00
thousand units by 2028.
Appliances for freezing or chilling that are
typically utilized for preservation are referred to as refrigeration systems or
equipment. Food remains fresh for longer periods in frigid temperatures. In
order to prevent food spoilage, it is important to control the activity of the
germs present in food, and this can be managed by refrigeration.
A key driver of the United States refrigeration
appliances market is the strong consumer demand for premium refrigerators. Numerous homes are upgrading their big kitchen
appliances as a result of rising consumer demand and the rise of remote
employment. Market players are also launching a range of technologically
advanced products in refrigeration appliances. For instance, in 2022, Equator
Advanced Appliances introduced the GC 43 SL Gourmet Center, which offers an
opulent, refined solution for food and beverage storage. Hence, such
developments by the market players are expected to further promote the demand
as well as the adoption of advanced refrigeration appliances across the
country.
However, users are not always convinced of the
value of smart technology, and this is likely to hamper the growth of the
refrigeration appliances market in the United States during the forecast
period. While there is a
high demand for technologically advanced products, innovations in refrigeration
appliances, such as double-door technology that shows a fridge’s contents after
two knocks on the door, have not been successful in luring and attracting local
customers.
A system that alerts users when food is
approaching its expiration date is another innovation that has potential but
falls short of its potential because the consumer must manually enter every
item they purchase before the system can track each item’s expiration. Hence,
future innovations must genuinely demonstrate their worth to buyers, rather
than just being a novelty. The failure of certain technologies and features to
gain user attention is expected to restrict the market growth during the
forecast period.
Triton Market Research’s report provides in-depth insight into the
United States’ 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 United
States refrigeration appliances market includes the market by category and
distribution channel.
The key players in the United States
refrigeration appliances
market are Whirlpool Corporation, Samsung Electronics Co Ltd, Haier Group
Corporation, LG Electronics, and Electrolux AB.
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VIEW REPORT1. UNITED
STATES 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. UNITED
STATES REFRIGERATION APPLIANCES MARKET OUTLOOK
2.1. IMPACT
OF COVID-19 ON THE UNITED STATES 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. UNITED
STATES REFRIGERATION APPLIANCES MARKET – BY CATEGORY (VALUE IN $ MILLION &
VOLUME IN THOUSAND UNITS)
3.1. ELECTRIC
WINE COOLERS/CHILLERS
3.2. FREEZERS
3.3. FRIDGE
FREEZERS
3.4. FRIDGES
4. UNITED
STATES REFRIGERATION APPLIANCES MARKET – BY DISTRIBUTION CHANNEL (VALUE IN $
MILLION)
4.1. ELECTRONICS
AND APPLIANCE SPECIALIST RETAILERS
4.2. HOME
AND GARDEN SPECIALIST RETAILERS
4.3. E-COMMERCE
4.4. OTHER
DISTRIBUTION CHANNELS
5. COMPETITIVE
LANDSCAPE
5.1. SAMSUNG
ELECTRONICS CO LTD
5.2. WHIRLPOOL
CORPORATION
5.3. LG
ELECTRONICS
5.4. HAIER
GROUP CORPORATION
5.5. ELECTROLUX
AB
6. METHODOLOGY
& SCOPE
6.1. RESEARCH
SCOPE & DELIVERABLES
6.2. SOURCES
OF DATA
6.3. RESEARCH
METHODOLOGY
TABLE
1: UNITED STATES REFRIGERATION APPLIANCES MARKET 2022-2028 (IN $ MILLION)
TABLE
2: REFRIGERATION APPLIANCES MARKET, MARKET SHARE ANALYSIS, 2020 & 2021 (IN
%)
TABLE
3: UNITED STATES – COUNTRY SNAPSHOT
TABLE
4: UNITED STATES REFRIGERATION APPLIANCES MARKET, BY CATEGORY, 2022-2028 (IN $
MILLION)
TABLE
5: UNITED STATES REFRIGERATION APPLIANCES MARKET, BY CATEGORY, 2022-2028 (IN
THOUSAND UNITS)
TABLE
6: UNITED STATES REFRIGERATION APPLIANCES MARKET, BY DISTRIBUTION CHANNEL,
2022-2028 (IN $ MILLION)
FIGURE
1: REFRIGERATION APPLIANCES MARKET, BRAND SHARE ANALYSIS, 2020 & 2021 (IN
%)
FIGURE
2: KEY BUYING CRITERIA
FIGURE
3: VALUE CHAIN ANALYSIS
FIGURE
4: UNITED STATES REFRIGERATION APPLIANCES MARKET, BY CATEGORY, 2021 & 2028
(IN %)
FIGURE
5: UNITED STATES REFRIGERATION APPLIANCES MARKET, BY ELECTRIC WINE
COOLERS/CHILLERS, 2022-2028 (IN $ MILLION)
FIGURE
6: UNITED STATES REFRIGERATION APPLIANCES MARKET, BY ELECTRIC WINE
COOLERS/CHILLERS, 2022-2028 (IN THOUSAND UNITS)
FIGURE
7: UNITED STATES REFRIGERATION APPLIANCES MARKET, BY FREEZERS, 2022-2028 (IN $
MILLION)
FIGURE
8: UNITED STATES REFRIGERATION APPLIANCES MARKET, BY FREEZERS, 2022-2028 (IN
THOUSAND UNITS)
FIGURE
9: UNITED STATES REFRIGERATION APPLIANCES MARKET, BY FRIDGE FREEZERS, 2022-2028
(IN $ MILLION)
FIGURE
10: UNITED STATES REFRIGERATION APPLIANCES MARKET, BY FRIDGE FREEZERS,
2022-2028 (IN THOUSAND UNITS)
FIGURE
11: UNITED STATES REFRIGERATION APPLIANCES MARKET, BY FRIDGES, 2022-2028 (IN $
MILLION)
FIGURE
12: UNITED STATES REFRIGERATION APPLIANCES MARKET, BY FRIDGES, 2022-2028 (IN
THOUSAND UNITS)
FIGURE
13: UNITED STATES REFRIGERATION APPLIANCES MARKET, BY DISTRIBUTION CHANNEL,
2021 & 2028 (IN %)
FIGURE
14: UNITED STATES REFRIGERATION APPLIANCES MARKET, BY ELECTRONICS AND APPLIANCE
SPECIALIST, 2022-2028 (IN $ MILLION)
FIGURE
15: UNITED STATES REFRIGERATION APPLIANCES MARKET, BY HOME AND GARDEN
SPECIALIST RETAILERS, 2022-2028 (IN $ MILLION)
FIGURE
16: UNITED STATES REFRIGERATION APPLIANCES MARKET, BY E-COMMERCE, 2022-2028 (IN
$ MILLION)
FIGURE
17: UNITED STATES REFRIGERATION APPLIANCES MARKET, BY OTHER DISTRIBUTION
CHANNELS, 2022-2028 (IN $ MILLION)