Knowledge Hub

Global Refrigerator Market to grow at a CAGR of 4.5% during the period 2016-2020.

Press Release   •   Oct 17, 2016 05:13 EDT

About Refrigerator Market

The refrigerator market in developed regions is growing at a low rate because the household penetration rate for primary refrigeration appliance is already at a high level and has reached the mature stage. Refrigerator has become an essential durable for everyday household and is being used by consumers in developed countries for years now. With minimum average product lifespan of five years and maximum lifespan of 8-10 years, the product has long replacement cycles.

Technavios analysts forecast the Global Refrigerator Market to grow at a CAGR of 4.5% during the period 2016-2020.

Covered in this report

The report covers the present scenario and the growth prospects of the global refrigerator market for 2016-2020. To calculate the market size, the report considers the revenue generated from the sales of refrigerators worldwide.

The market is divided into the following segments based on geography:

APAC

Europe

MEA

North America

Download Detail Report With Complete TOC at: http://www.marketresearchreports.biz/sample/sample/834826

Technavio's report, Global Refrigerator Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors

Electrolux

Haier

LG Electronics

Samsung Electronics

Whirlpool

Other prominent vendors

Arelik

Bosch

Godrej

Hisense

Hitachi

Midea

Miele

Mitsubishi Electric

Panasonic

Sharp

Toshiba

Market driver

Inclination toward more sophisticated and advanced models

For a full, detailed list, view our report

Market challenge

Low replacement need due to high average lifespan

For a full, detailed list, view our report

Market trend

Retro designs and color-rich patterns

For a full, detailed list, view our report

Key questions answered in this report

What will the market size be in 2020 and what will the growth rate be?

What are the key market trends?

What is driving this market?

What are the challenges to market growth?

Who are the key vendors in this market space?

What are the market opportunities and threats faced by the key vendors?

What are the strengths and weaknesses of the key vendors?