European Built-in Refrigerator Market, Growth Trends, Impact of COVID-19, Forecast (2022-2027)

The European Built-in Refrigerator Market is segmented on the basis of 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).

Market Snapshot

European Built-in Refrigerator Market Growth
Study Period: 2018-2027
Base Year: 2021
CAGR: >3.59 %
European Built-in Refrigerator Market Key Players

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Market Overview

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.

Scope of the Report

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*

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Key Market Trends

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.

European Built-in Refrigerator Market Share

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 Market Size

Competitive Landscape

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.

Recent Development

  • 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.”

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions and Market Definition

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS AND INSIGHTS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

    3. 4.3 Market Restraints

    4. 4.4 Insights on impact of technology in The Buid-in Refrigerator Market

    5. 4.5 Industry Attractiveness - Porters' Five Forces Analysis

      1. 4.5.1 Threat of New Entrants

      2. 4.5.2 Bargaining Power of Buyers

      3. 4.5.3 Bargaining Power of Suppliers

      4. 4.5.4 Threat of Substitutes

      5. 4.5.5 Intensity of Competitive Rivalry

    6. 4.6 Impact of COVID-19 on the Market

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Application

      1. 5.1.1 Commercial

      2. 5.1.2 Residential

    2. 5.2 By distribution channel

      1. 5.2.1 Online Channel

      2. 5.2.2 Offline Channel

    3. 5.3 By Product Type

      1. 5.3.1 Single Door

      2. 5.3.2 Double Door

      3. 5.3.3 Side by Side Door

      4. 5.3.4 French Door

      5. 5.3.5 Other

    4. 5.4 By Geography

      1. 5.4.1 United Kingdom

      2. 5.4.2 France

      3. 5.4.3 Germany

      4. 5.4.4 Others*

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Market Concetration Overview

    2. 6.2 Company Profiles

      1. 6.2.1 Bosch Ltd

      2. 6.2.2 Haier

      3. 6.2.3 SAMSUNG Electronics

      4. 6.2.4 Electrolux AB

      5. 6.2.5 General Electric Co. ltd

      6. 6.2.6 Whirlpool

      7. 6.2.7 Liebherrr

      8. 6.2.8 Miele

      9. 6.2.9 LG Corp.*

    3. *List Not Exhaustive
  7. 7. MARKET OPPORTUNTIES AND FUTURE TRENDS

  8. 8. DISCLAIMER AND ABOUT US

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Frequently Asked Questions

The European Built-in Refrigerator Market market is studied from 2018 - 2027.

The European Built-in Refrigerator Market is growing at a CAGR of >3.59% over the next 5 years.

Bosch, LG, Haier, General Electronics Co.,, Whirlpool Co., are the major companies operating in European Built-in Refrigerator Market.

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