French Door Refrigerator Market Trends

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.