Europe Household Refrigerator Market Size

Europe Household Refrigerator Market Analysis

The Europe Household Refrigerator Market size is estimated at USD 15.69 billion in 2024, and is expected to reach USD 18.40 billion by 2029, growing at a CAGR of 3.23% during the forecast period (2024-2029).

During the review period, sales of home refrigerators through specialty channels like electronics and appliance specialty stores and home and garden specialty stores have tended to go down, while sales through e-commerce are quickly gaining retail volume shares. When it comes to refrigeration appliances, consumers can easily look at models online or in stores and then buy them through e-commerce. This is especially true for freestanding items. Due to modernization and urbanization.

In 2020, the number of refrigerators sold in stores went down for the first time in a long time. COVID-19 was a shock to the economy that made people less confident, which made some people put off buying big-ticket items. Freestanding freezers were by far the best-selling refrigeration appliances. Their rate of growth in retail volume sales sped up slightly from the previous year. The fact that some households sought to stockpile food during the early stages of the pandemic due to the perceived risk of shortages increased demand for these appliances. Liebherr-Hausgeräte Ochsenhausen GmbH continued to lead refrigeration appliances in countries in Europe. It enjoyed a strong reputation as a specialist offering an extremely wide array of high-quality, durable refrigeration appliances of all types at good value for money, with its frost-free fridge freezers particularly popular.