European Built-in Refrigerator Market Size
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | > 3.59 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
European Built-in Refrigerator Market Analysis
The market's growth is influenced by the increasing consumer inclination toward smart appliances for the household, including refrigerators. Moreover, high disposable income, high penetration of smartphones, and access to high-speed internet will also foster the adoption of advanced featured refrigerators across the region, thus, driving the market growth. Sales of the household refrigerators through specialist distribution formats, such as electronics and appliance specialist retailers, but also home and garden specialist retailers, have tended to decline through the review period, with e-commerce fast gaining retail volume shares. Concerning refrigeration appliances, it is easy and convenient for consumers to peruse models online or via showrooms, then buy via e-commerce, especially for freestanding items. The market's growth is influenced by the increasing consumer inclination toward smart appliances for the household, including refrigerators. Moreover, high disposable income, high penetration of smartphones, and access to high-speed internet will also foster the adoption of advanced featured refrigerators across the region, thus, driving the market growth. Due to modernization and urbanization, the demand for Household & Built-in Refrigerators is increasing in the country with a CAGR of 3.59% over the forecast period.
Retail volume sales of refrigeration appliances declined for the first time in 2020. The economic shock of COVID-19 harmed consumer confidence, which led some to postpone purchases of big-ticket items. Freestanding freezers were by far the top performer in refrigeration appliances during 2020, with their growth rate in retail volume sales accelerating slightly from the previous year. Demand for these appliances was boosted because some households sought to stockpile food during the early stages of the pandemic due to the perceived risk of shortages. Liebherr-Hausgeräte Ochsenhausen GmbH continued to lead refrigeration appliances in countries in Europe during 2020. It enjoys a strong reputation as a specialist offering an extremely wide array of high-quality, durable refrigeration appliances of all types and good value for money, with its frost-free fridge freezers, particularly popular.
European Built-in Refrigerator Market Trends
This section covers the major market trends shaping the European Built-in Refrigerator Market according to our research experts:
Increase in Online Purchase of Household Appliances
The revenue from online household appliance purchases accounts for USD million in 2021. User penetration is 21.9% in 2021 and is expected to hit 30.2% by 2027. Furthermore, with the population in the European countries being more concentrated in urban regions, people are spending more on lifestyle changes which are fuelling the market's growth. With 95%, 85%, and 82% of the total population leaving in cities and urban areas of Europe's most urbanized cities, Malta, the United Kingdom, and the Netherlands, there is a surplus demand for household appliance accessories. The market's growth is influenced by the increasing consumer inclination toward smart appliances for the household, including built-in refrigerators. Moreover, high disposable income, high penetration of smartphones, and access to high-speed internet will also foster the adoption of advanced featured refrigerators across the region, thus, driving the market growth.
Increase in Import Prices of Built-in Refrigerators
The built-in refrigerator import price in the European Union stood at $850 per unit in 2018, going up by 10% from the previous year. The built-in refrigerator import price continues to indicate a slight drop. The most prominent growth rate was recorded in 2020 when the import prices increased by 15% year-to-year. In that year, the import prices for compression-type built-in refrigerators attained their peak level of $1000 per unit. From 2018 to 2021, the growth of the import prices for compression-type built-in refrigerators stood at a somewhat higher level. Concerning refrigeration appliances, it is easy and convenient for consumers to peruse models online or via showrooms, then buy via e-commerce, especially for freestanding items. The increasing consumer inclination toward built-in refrigerators influences the market's growth.
European Built-in Refrigerator Industry Overview
The key players in the EuropeanBuilt-in refrigerator market include Bosch Group, Electrolux AB, General Electric Co., Haier Group Corp., Samsung Electronics Co. Ltd., Whirlpool Corp., LG, and others. The market players are considerably contributing to the market growth by adopting various strategies, including mergers, acquisitions, collaborations, and expansion, to stay competitive in the fragmented market. For instance, in November 2018, Electrolux AB collaborated with the Sweden-based start-up Karma and introduced an innovative smart refrigerator for grocery stores. The refrigerator can be integrated with Karma's mobile application, which will later contribute to reducing food waste by making it easier for supermarkets to sell food that has not been purchased before the end of the working day to consumers.
European Built-in Refrigerator Market Leaders
Bosch
LG
Haier
General Electronics Co.,
Whirlpool Co.,
*Disclaimer: Major Players sorted in no particular order
European Built-in Refrigerator Market News
- In March 2022, the EU's new energy label requirements were enacted. All white goods sold in EU countries from this time will need to feature an updated sticker communicating their energy rating, with the current classifications of 'A+,' 'A++,' and 'A+++' replaced by a new scale of lettering from A to G, with 'A' being the most ecologically friendly. This could entail manufacturers undertaking significant work to bring their models up to the desired rating.
- In February 2022, Samsung Electronics Italia launched the Family Hub smart refrigeration appliance with a 'View Inside' (three internal cameras) function. The novelty was introduced to coincide with the 'National Day Against Food Waste.'
European Built-in Refrigerator Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS AND INSIGHTS
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Insights on impact of technology in The Buid-in Refrigerator Market
4.5 Industry Attractiveness - Porters' Five Forces Analysis
4.5.1 Threat of New Entrants
4.5.2 Bargaining Power of Buyers
4.5.3 Bargaining Power of Suppliers
4.5.4 Threat of Substitutes
4.5.5 Intensity of Competitive Rivalry
4.6 Impact of COVID-19 on the Market
5. MARKET SEGMENTATION
5.1 By Application
5.1.1 Commercial
5.1.2 Residential
5.2 By distribution channel
5.2.1 Online Channel
5.2.2 Offline Channel
5.3 By Product Type
5.3.1 Single Door
5.3.2 Double Door
5.3.3 Side by Side Door
5.3.4 French Door
5.3.5 Other
5.4 By Geography
5.4.1 United Kingdom
5.4.2 France
5.4.3 Germany
5.4.4 Others*
6. COMPETITIVE LANDSCAPE
6.1 Market Concetration Overview
6.2 Company Profiles
6.2.1 Bosch Ltd
6.2.2 Haier
6.2.3 SAMSUNG Electronics
6.2.4 Electrolux AB
6.2.5 General Electric Co. ltd
6.2.6 Whirlpool
6.2.7 Liebherrr
6.2.8 Miele
6.2.9 LG Corp.*
- *List Not Exhaustive
7. MARKET OPPORTUNTIES AND FUTURE TRENDS
8. DISCLAIMER AND ABOUT US
European Built-in Refrigerator Industry Segmentation
Built-In Refrigerators are one of the most widely demanded products as people adopt urbanization. A complete background analysis of the Europe Built-in Refrigerator Market includes an assessment of the economy, market overview, market size estimation for key segments, emerging trends in the market, market dynamics, and key company profiles covered in the report. European Built-in Refrigerator Market is segmented based on By Product Type (Single Door, Double Door, Side by Side Door, French Door, and Other), By Application (Residential and Commercial), By Distribution Channel (Online Channel and Offline Channel), and by Country (United Kingdom, France, Germany, and Other European Countries).
| By Application | |
| Commercial | |
| Residential |
| By distribution channel | |
| Online Channel | |
| Offline Channel |
| By Product Type | |
| Single Door | |
| Double Door | |
| Side by Side Door | |
| French Door | |
| Other |
| By Geography | |
| United Kingdom | |
| France | |
| Germany | |
| Others* |
European Built-in Refrigerator Market Research FAQs
What is the current European Built-in Refrigerator Market size?
The European Built-in Refrigerator Market is projected to register a CAGR of greater than 3.59% during the forecast period (2024-2029)
Who are the key players in European Built-in Refrigerator Market?
Bosch, LG, Haier, General Electronics Co., and Whirlpool Co., are the major companies operating in the European Built-in Refrigerator Market.
What years does this European Built-in Refrigerator Market cover?
The report covers the European Built-in Refrigerator Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the European Built-in Refrigerator Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
European Built-in Refrigerator Industry Report
Statistics for the 2024 European Built-in Refrigerator market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. European Built-in Refrigerator analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
