Market Size of French Door Refrigerator Industry
| Study Period | 2020-2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 21.05 Billion |
| Market Size (2029) | USD 27.55 Billion |
| CAGR (2024 - 2029) | 5.53 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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French Door Refrigerator Market Analysis
The French Door Refrigerator Market size is estimated at USD 21.05 billion in 2024, and is expected to reach USD 27.55 billion by 2029, growing at a CAGR of 5.53% during the forecast period (2024-2029).
Over the last two years sales volume and revenue of refrigerator segments of global manufacturers have observed a continuous increase resulting in rising sales of the French Door refrigerator segment as well. Asia, Europe, and North America exist as the regions occupying more than half of the share in the global retail volume of refrigerator appliances leading to global manufacturers strengthening their supply chains in these regions to raise market sales and revenue. With the existing larger average household size in Asia, a French door refrigerator provides with wider dimension that allows users to store large amounts of food items.
The availability of French door refrigerators in varying dimensions, advanced freezing technology, and attractive designs have led to these refrigerators gaining popularity across the globe. In developed as well as developing economies, manufacturers are targeting their customers with cost-effective products integrated with the IoT (Internet of Things) technology raising the demand for French door refrigerators. Post covid, expenditure on major household appliances observed a continuous increase with rising pent-up demand and increasing household income signalling a positive market for sales of the French door refrigerator.
Post Covid with a change in consumer behaviour, retailers and wholesalers are collaborating with online E-commerce platforms to increase the sales of their French door refrigerators and manufacturers such as Samsung, Panasonic, Hisense, LG, and others are offering their refrigerator products through direct websites channels resulting in consumers choosing among a large segment of french door refrigerator at a given point of time. In addition, rising online revenue share of the global refrigerator market by more than 22% is expected to drive the sales of French door refrigerators over the coming period.
