North America Refrigerator Market Report and Forecast 2025-2034
Market Report I 2025-06-06 I 93 Pages I EMR Inc.
The North America refrigerator market reached approximately USD 505.75 Billion in 2024. The market is projected to grow at a CAGR of 4.80% between 2025 and 2034, reaching a value of around USD 808.26 Billion by 2034.
North America Refrigerator Market Outlook
- Retail e-commerce sales in the United States saw a 2.1% growth compared to the fourth quarter of 2023, reaching $289.2 billion in the first quarter of 2024.
- In 2019, the total value of electronic products imported by the United States reached $485.3 billion.
- During the initial quarter of 2024, personal consumption expenditures accounted for approximately 68% of the USA's GDP.
North America Refrigerator Market Growth
Between January and September 2021, there was a 45% increase in the sales of luxury major kitchen appliances such as refrigerators, cooktops, and ovens in the United States. French-door refrigerators were the top sellers in the luxury appliance category, experiencing a remarkable 72% revenue growth, making them the highest revenue-generating products among all major kitchen appliances.
Evolving consumer lifestyles, with a growing desire for fresh food storage, larger capacities, and multi-functional appliances, are fuelling the demand for advanced refrigerators in North America. Advancements in refrigeration technology, including smart refrigerators, energy-efficient models, and advanced cooling technologies, appeal to consumers seeking modern and convenient features. Furthermore, the increasing trend towards smart home integration and the Internet of Things (IoT) is driving the need for smart refrigerators that offer remote control, real-time updates, and seamless integration with other smart home devices.
Energy-efficient refrigerators are gaining popularity as energy costs rise, environmental concerns grow, and regulatory standards focus on reducing energy consumption. The regional government is also implementing measures to encourage energy efficiency. In January 2023, the U.S. Department of Energy officially established new energy efficiency standards for residential refrigerators and freezers, which are projected to result in over $36 billion in savings for consumers over the next thirty years.
North America Refrigerator Industry Segmentation
"North America Refrigerator Market Report and Forecast 2025-2034" offers a detailed analysis of the market based on the following segments:
Market Breakup by Type:
- Top-freezer Refrigerator
- Bottom-freezer Refrigerator
- Side-by-side Refrigerator
- French Door Refrigerator
Market Breakup by Technology:
- Inverter
- Non-Inverter
Market Breakup by Application:
- Household
- Commercial and Industrial
Market Breakup by Distribution Channel:
- Supermarkets and Hypermarkets
- Speciality Stores
- Online
- Others
North America Refrigerator Market Share
Based on application, the market is segmented into household and commercial and industrial. The commercial and industrial segment is projected to grow at a CAGR of 5.4% during the forecast period of 2025-2034.Refrigerators are essential in commercial and industrial environments as they help preserve perishable items, guarantee product safety, and uphold quality standards. Their usage is widespread across different sectors such as food and beverage, pharmaceuticals, chemicals, and others, underscoring their significance in contemporary business activities.
Leading Companies in the North America Refrigerator Market
Major players are focusing on the production of smart and energy efficient refrigerators to gain a competitive edge in the market.
- Samsung Electronics Co., Ltd.
- LG Electronics Inc.
- Whirlpool Corporation
- Hisense Corporation
- Robert Bosch GmbH
- SMEG S.p.A.
- Electrolux AB
- Liebherr-Hausgerate GmbH
- Miele Co. Ltd.
- Haier Inc.
- Others
1 Executive Summary
1.1 Market Size 2024-2025
1.2 Market Growth 2025(F)-2034(F)
1.3 Key Demand Drivers
1.4 Key Players and Competitive Structure
1.5 Industry Best Practices
1.6 Recent Trends and Developments
1.7 Industry Outlook
2 Market Overview and Stakeholder Insights
2.1 Market Trends
2.2 Key Verticals
2.3 Key Countries
2.4 Supplier Power
2.5 Buyer Power
2.6 Key Market Opportunities and Risks
2.7 Key Initiatives by Stakeholders
3 Economic Summary
3.1 GDP Outlook
3.2 GDP Per Capita Growth
3.3 Inflation Trends
3.4 Democracy Index
3.5 Gross Public Debt Ratios
3.6 Balance of Payment (BoP) Position
3.7 Population Outlook
3.8 Urbanisation Trends
4 Country Risk Profiles
4.1 Country Risk
4.2 Business Climate
5 Global Refrigerator Market Overview
5.1 Key Industry Highlights
5.2 Global Refrigerator Historical Market (2018-2024)
5.3 Global Refrigerator Market Forecast (2025-2034)
5.4 Global Refrigerator Market Share by Region
5.4.1 North America
5.4.2 Europe
5.4.3 Asia Pacific
5.4.4 Latin America
5.4.5 Middle East and Africa
6 North America Refrigerator Market Overview
6.1 Key Industry Highlights
6.2 North America Refrigerator Historical Market (2018-2024)
6.3 North America Refrigerator Market Forecast (2025-2034)
7 North America Refrigerator Market by Type
7.1 Top-freezer Refrigerator
7.1.1 Historical Trend (2018-2024)
7.1.2 Forecast Trend (2025-2034)
7.2 Bottom-freezer Refrigerator
7.2.1 Historical Trend (2018-2024)
7.2.2 Forecast Trend (2025-2034)
7.3 Side-by-side Refrigerator
7.3.1 Historical Trend (2018-2024)
7.3.2 Forecast Trend (2025-2034)
7.4 French Door Refrigerator
7.4.1 Historical Trend (2018-2024)
7.4.2 Forecast Trend (2025-2034)
8 North America Refrigerator Market by Technology
8.1 Inverter
8.1.1 Historical Trend (2018-2024)
8.1.2 Forecast Trend (2025-2034)
8.2 Non-Inverter
8.2.1 Historical Trend (2018-2024)
8.2.2 Forecast Trend (2025-2034)
9 North America Refrigerator Market by Application
9.1 Household
9.1.1 Historical Trend (2018-2024)
9.1.2 Forecast Trend (2025-2034)
9.2 Commercial and Industrial
9.2.1 Historical Trend (2018-2024)
9.2.2 Forecast Trend (2025-2034)
10 North America Refrigerator Market by Distribution Channel
10.1 Supermarkets and Hypermarkets
10.1.1 Historical Trend (2018-2024)
10.1.2 Forecast Trend (2025-2034)
10.2 Speciality Stores
10.2.1 Historical Trend (2018-2024)
10.2.2 Forecast Trend (2025-2034)
10.3 Online
10.3.1 Historical Trend (2018-2024)
10.3.2 Forecast Trend (2025-2034)
10.4 Others
11 North America Refrigerator Market by Country
11.1 United States of America
11.1.1 Historical Trend (2018-2024)
11.1.2 Forecast Trend (2025-2034)
11.2 Canada
11.2.1 Historical Trend (2018-2024)
11.2.2 Forecast Trend (2025-2034)
12 Market Dynamics
12.1 SWOT Analysis
12.1.1 Strengths
12.1.2 Weaknesses
12.1.3 Opportunities
12.1.4 Threats
12.2 Porter's Five Forces Analysis
12.2.1 Supplier's Power
12.2.2 Buyer's Power
12.2.3 Threat of New Entrants
12.2.4 Degree of Rivalry
12.2.5 Threat of Substitutes
12.3 Key Indicators of Demand
12.4 Key Indicators of Price
13 Trade Data Analysis (HS Code - 8418)
13.1 Major Importing Countries
13.1.1 By Volume
13.1.2 By Value
13.2 Major Exporting Countries
13.2.1 By Volume
13.2.2 By Value
14 Competitive Landscape
14.1 Supplier Selection
14.2 Key Global Players
14.3 Key Regional Players
14.4 Key Player Strategies
14.5 Company Profiles
14.5.1 Samsung Electronics Co., Ltd.
14.5.1.1 Company Overview
14.5.1.2 Product Portfolio
14.5.1.3 Demographic Reach and Achievements
14.5.1.4 Certifications
14.5.2 LG Electronics Inc.
14.5.2.1 Company Overview
14.5.2.2 Product Portfolio
14.5.2.3 Demographic Reach and Achievements
14.5.2.4 Certifications
14.5.3 Whirlpool Corporation
14.5.3.1 Company Overview
14.5.3.2 Product Portfolio
14.5.3.3 Demographic Reach and Achievements
14.5.3.4 Certifications
14.5.4 Hisense Corporation
14.5.4.1 Company Overview
14.5.4.2 Product Portfolio
14.5.4.3 Demographic Reach and Achievements
14.5.4.4 Certifications
14.5.5 Robert Bosch GmbH
14.5.5.1 Company Overview
14.5.5.2 Product Portfolio
14.5.5.3 Demographic Reach and Achievements
14.5.5.4 Certifications
14.5.6 SMEG S.p.A.
14.5.6.1 Company Overview
14.5.6.2 Product Portfolio
14.5.6.3 Demographic Reach and Achievements
14.5.6.4 Certifications
14.5.7 Electrolux AB
14.5.7.1 Company Overview
14.5.7.2 Product Portfolio
14.5.7.3 Demographic Reach and Achievements
14.5.7.4 Certifications
14.5.8 Liebherr-Hausgerate GmbH
14.5.8.1 Company Overview
14.5.8.2 Product Portfolio
14.5.8.3 Demographic Reach and Achievements
14.5.8.4 Certifications
14.5.9 Miele Co. Ltd.
14.5.9.1 Company Overview
14.5.9.2 Product Portfolio
14.5.9.3 Demographic Reach and Achievements
14.5.9.4 Certifications
14.5.10 Haier Inc.
14.5.10.1 Company Overview
14.5.10.2 Product Portfolio
14.5.10.3 Demographic Reach and Achievements
14.5.10.4 Certifications
14.5.11 Others
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