Market Insights Consumer Household Appliances Major Appliances

Freezers - Worldwide

Worldwide

The Freezers market worldwide is projected to generate revenue of €16.51bn in 2024.
This market is anticipated to have an annual growth rate of 3.56% (CAGR 2024-2028).
Among all countries, in China leads in terms of revenue generation, with €5,020m in 2024.
In relation to the total number of households, the per household revenue in 2024 is estimated to be €7.38.
Looking ahead, the volume in the Freezers market is expected to reach 41.3m pieces units by 2028.
This segment is forecasted to experience a volume growth of 1.5% in 2025.
Additionally, the average volume per household in the Freezers market is projected to be 0.02pieces units in 2024.
Worldwide, the demand for energy-efficient freezers is increasing as consumers become more conscious of their environmental impact.

Key regions: Indonesia, United States, India, Canada, Japan

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Methodology

Data coverage:

The data encompasses B2C enterprises. Figures are based on consumer spending on Household Appliances.

Modeling approach:

Market sizes are determined through a bottom-up approach, building on specific predefined factors for each market segment. As a basis for evaluating markets, we use annual financial reports of the market-leading companies and industry associations, trade data, national statistical office data, third-party studies and reports, survey results from our primary research (e.g., the Statista Global Consumer Survey), as well as performance factors. In addition, we use relevant key market indicators and data from country-specific associations, such as number of households, consumer spending, and price level index. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques, such as exponential trend smoothing, for instance. The selection of forecasting techniques is based on the behavior of the relevant market.

Additional notes:

The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year. In some cases, the data is updated on an ad hoc basis (e.g., when new, relevant data has been released or significant changes within the market have an impact on the projected development). GCS data is reweighted for representativeness.