French Door Refrigerator Market Size
| 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.
French Door Refrigerator Market Trends
Rising Sales In Asia
The demand and popularity of French door refrigerators in Asian countries such as China and India are observing a continuous increase with a rise in expenditure on kitchen electrical and household appliances by the users. Asia exists with the largest revenue share in the global refrigerator market and market revenue of more than USD 70 Billion with a growth rate of around 9% per year. Rising household income and an increase in the standard of living in emerging markets of Asia are resulting in consumers making their preference towards high-end refrigerator products creating growth opportunities for the sale of French door refrigerators. In the Indian market refrigerator manufacturers LG, Samsung, Whirlpool, and Godrej occupy more than 80% of the refrigerator market creating a form of oligopoly among the manufacturers. In addition, another major Asian country, China with significant production and sales of refrigerators is dominated by firms of Haier, Media, HiSense, and Homa. These existing regional variations of the firm's domination in the Asian market are providing opportunities for global French door refrigerator manufacturers to increase their supply chain in the region.
Increasing Online Sale
Online sales of refrigerators are observing a continuous increase resulting in a rising number of people ordering French door refrigerators through online channels only. In the global market online revenue share of refrigerators is observing a continuous increase rising to more than 22% of the sales revenue last year. Among online sales E-Commerce and direct company websites are observing a continuous increase in searches for refrigerators and French door refrigerators as well leading to increasing sales opportunities for the manufacturer and retailers/wholesalers. The French door refrigerators are equipped with smart features resulting in a rising consumer attraction towards these products instead of buying traditional refrigerators. The availability of a large variety of French door refrigerators in online sales channels and flexible payment options of EMI options, coupon code discounts, Net banking, and pay-on-delivery are leading to users finding these sales channels more preferable than spending their time in different showrooms. These changing trends in favor of online sales are creating emerging opportunities for global manufacturers.
French Door Refrigerator Industry Overview
The French door refrigerator market is partially fragmented with an increasing number of refrigerator manufacturers launching their French door refrigerator products in the market. With technological advancement and product innovation, mid-size to smaller companies are increasing their market presence by securing new contracts and tapping new markets. Some of the existing manufacturers of French door refrigerators are Haier, Whirlpool Corporation, Electrolux, Bosch and LG.
French Door Refrigerator Market Leaders
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Haier
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Whirlpool Corporation
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Electrolux
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Bosch
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LG
*Disclaimer: Major Players sorted in no particular order
French Door Refrigerator Market News
- In August 2022, Samsung launched a new range of 3-door convertible french door refrigerators which are specifically designed for compact modern kitchens. The product comes with a Twin CoolingTM Plus technology which cools the fridge and freezer sections separately. The product is equipped with digital invertor technology providing 50% energy saving on it.
- In January 2023, LG launched its refrigerator manufacturing facility in Pune India with an investment of USD 240 Million. The plant will be performing manufacturing of single-door, double-door, and side-by-side refrigerators towards increasing its domestic as well as global supply of refrigerators.
French Door 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
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4.2 Market Drivers
- 4.2.1 Increase of Expenditure on Major Household Appliances
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4.3 Market Restraints
- 4.3.1 Rising Prices of Consumer Electronic Appliance
- 4.3.2 Supply Chain Disruption With Rising Geopolitical Issues
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4.4 Market Opportunities
- 4.4.1 Enabling the Refrigerators With Smart Features will Increase Customer Attraction
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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 Technological Innovations in French Door Refrigerator Market
- 4.7 Impact of COVID-19 on the Market
5. MARKET SEGMENTATION
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5.1 Door Type
- 5.1.1 French 3-Door
- 5.1.2 French 4-Door
- 5.1.3 Quad Door
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5.2 Capacity
- 5.2.1 Super 30-31 Cubic Feet
- 5.2.2 Ultra-large 25-29 Cubic Feet
- 5.2.3 Large 20-24 Cubic Feet
- 5.2.4 Under 19 Cubic Feet
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5.3 End User Type
- 5.3.1 Residential
- 5.3.2 Commercial
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5.4 Distribution Channel
- 5.4.1 Specialty Stores/Exclusive Stores
- 5.4.2 Multi-Branded Stores
- 5.4.3 Online
- 5.4.4 Other Distribution Channels
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5.5 Geography
- 5.5.1 North America
- 5.5.2 Europe
- 5.5.3 Asia Pacific
- 5.5.4 South America
- 5.5.5 Middle East and Africa
- 5.5.6 Rest of the World
6. COMPETITIVE LANDSCAPE
- 6.1 Market Concentration Overview
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6.2 Company Profiles
- 6.2.1 Haier
- 6.2.2 Whirlpool Corporation
- 6.2.3 Electrolux
- 6.2.4 Midea
- 6.2.5 Samsung
- 6.2.6 Bosch
- 6.2.7 LG
- 6.2.8 Miele
- 6.2.9 Panasonic
- 6.2.10 Arcelik AS
- 6.2.11 Sharp*
- *List Not Exhaustive
7. MARKET FUTURE TREND
8. DISCLAIMER AND ABOUT US
French Door Refrigerator Industry Segmentation
A French door refrigerator is a type of fridge with a refrigerator space on the top having two doors and a freezer drawer below it. The fridge comes with a wide shelf and flexible storage option allowing users to easily place the items. With increased energy efficiency, they are equipped with smart features making them more user-friendly. The French door refrigerator market is segmented by door type, capacity, end-user, distribution channel, and geography. By door type, the market is segmented into French 3-door, french 4-door, quad door. By capacity, the market is segmented into super 30–31 cubic feet, ultra-large 25–29 cubic feet, large 20–24 cubic feet, and under 19 cubic feet. By end user, the market is segmented into residential, and commercial. By distribution channel, the market is segmented into multi-branded stores, specialty stores/exclusive stores, online stores, and other distribution channels. By Geography the market is segmented into North America, Europe, Asia Pacific, South America, Middle East and Africa, Rest of the World. The report offers market sizes and forecasts for the French door refrigerator market in value (USD) for all the above segments.
| Door Type | French 3-Door |
| French 4-Door | |
| Quad Door | |
| Capacity | Super 30-31 Cubic Feet |
| Ultra-large 25-29 Cubic Feet | |
| Large 20-24 Cubic Feet | |
| Under 19 Cubic Feet | |
| End User Type | Residential |
| Commercial | |
| Distribution Channel | Specialty Stores/Exclusive Stores |
| Multi-Branded Stores | |
| Online | |
| Other Distribution Channels | |
| Geography | North America |
| Europe | |
| Asia Pacific | |
| South America | |
| Middle East and Africa | |
| Rest of the World |
French Door Refrigerator Market Research FAQs
How big is the French Door Refrigerator Market?
The French Door Refrigerator Market size is expected to reach USD 21.05 billion in 2024 and grow at a CAGR of 5.53% to reach USD 27.55 billion by 2029.
What is the current French Door Refrigerator Market size?
In 2024, the French Door Refrigerator Market size is expected to reach USD 21.05 billion.
Who are the key players in French Door Refrigerator Market?
Haier, Whirlpool Corporation, Electrolux, Bosch and LG are the major companies operating in the French Door Refrigerator Market.
What years does this French Door Refrigerator Market cover, and what was the market size in 2023?
In 2023, the French Door Refrigerator Market size was estimated at USD 19.89 billion. The report covers the French Door Refrigerator Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the French Door Refrigerator Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
French Door Refrigerator Industry Report
Statistics for the 2024 French Door Refrigerator market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. French Door Refrigerator analysis includes a market forecast outlook for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
