The Europe refrigerator market size is expected to grow at 6.4% CAGR over the estimated period. The surge is driven by the increasing consumption of household items. Furthermore, the region has registered an upsurge in consumer spending, favoring industry expansion
This information is provided by Fortune Business Insights™ in its research report, titled “Europe Refrigerator Market, 2023-2030”.
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Segments:
Based on product type, the market is categorized into French door refrigerator, bottom freezer refrigerator, top freezer refrigerator, and side by side refrigerator. On the basis of distribution channel, the market is segmented into offline and online.
The report covers the following countries/regions – the U.K., Germany, France, Italy, Spain, and the rest of Europe.
Report Coverage:
The report gives an analysis of the major trends impelling industry expansion throughout the forecast period. It further offers an account of the key factors propelling market growth over the estimated period. Some of the additional insights include mergers, agreements, acquisitions, and the rollout of new solutions by leading market participants.
Drivers and Restraints:
Europe Refrigerator Market Share to Rise Propelled by Increasing Consumption of Frozen Food Products
One of the major aspects impelling the Europe refrigerator market growth is the increasing dependence on frozen food ingredients and the ease of purchasing an array of food products online.
However, the industry expansion was affected due to the growing awareness associated with environmental protection and stringent government regulations.
Competitive Landscape:
Key Companies Strike Partnership Deals to Strengthen Market Presence
Leading industry participants are formulating and adopting an array of initiatives for strengthening the positions of their businesses. Some of the adopted initiatives include collaborations, partnership initiatives, and the formation of alliances. For instance, in March 2021, Liebherr rolled out an array of refrigeration and freezing with its fully integrated appliances.
Key Industry Development:
December 2021 – Haier Europe commenced production in Romania in the European Union. The unit manufactures freestanding and built-in refrigerators for the company’s three brands – Haier, Hoover, and Candy.
List of Key Players Mentioned in the Report:
Haier Inc. (China)
LG Corporation (South Korea)
Samsung Group (South Korea)
Whirlpool Corporation (U.S.)
Voltas Limited (India)
Electrolux AB (Sweden)
Panasonic Holdings Corporation (Japan)
Sharp Corporation (Japan)
Hitachi, Ltd. (Japan)
Toshiba Corporation (Japan)
Browse Detailed Summary of Research Report:
https://www.fortunebusinessinsights.com/europe-refrigerator-market-107671