US Side By Side Refrigerator Market Size (2024 - 2029)

The United States household side-by-side refrigerator market is experiencing growth driven by factors such as increasing consumer disposable income, urbanization, and the demand for modern, energy-efficient appliances. The market's expansion is supported by advancements in technology, including AI integration and smart home features, which enhance convenience and appeal. E-commerce is playing a significant role in the distribution of these appliances, while the focus on eco-friendly and energy-efficient technologies continues to be a major growth driver.

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Market Size of US Side By Side Refrigerator Industry

US Side By Side Refrigerator Market Summary
Study Period 2020 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2020 - 2022
CAGR 1.00 %
Market Concentration Medium

Major Players

US Side By Side Refrigerator Market Major Players

*Disclaimer: Major Players sorted in no particular order

US Side By Side Refrigerator Market Analysis

The United States household side by side refrigerator market is estimated at USD 876 million in the current year and is poised to register a CAGR of approximately 1% during the forecast period.

Refrigerators and freezers hold a prominent position in the home appliance segment. Household refrigerators are primarily utilized for food storage purposes and to protect food from contamination. The refrigerator manufacturing sector in the United States has remained relatively stable compared to other consumer goods sectors. The increasing disposable income of consumers, the prevalence of smartphones, and the accessibility of high-speed internet are expected to contribute to the expansion of the market for advanced featured refrigerators in the region. The increasing investment in innovation of refrigerating units and decreasing product prices are some of the reasons for the growth of household side-by-side refrigerating appliances. E-commerce has been rapidly increasing its share of refrigeration appliances. Replacement by necessity, the consumer credit market, and the overall health of the economy are driving the market growth.

The side-by-side refrigerator market is experiencing a surge in popularity and is projected to expand significantly in the coming years. Consumers are increasingly looking for stylish and modern kitchen appliances while also requiring larger storage capacities. Additionally, urbanization, improved living standards, and the evolving lifestyle of consumers are all contributing to an increased need for convenience, appealing kitchen appliances, and increased energy efficiency. Manufacturers are expected to continue to introduce innovative product models with advanced capabilities to attract a wider customer base. The integration of AI into the refrigeration system, smart home integration, and sustainable cooling technologies are also expected to contribute to the market growth. Eco-friendly refrigeration systems and the development of Energy Efficient Technologies are also expected to be major growth drivers in the near future.

US Side By Side Refrigerator Industry Segmentation

Side-by-side refrigerators feature two separate compartments, each with its own door. One side is the freezer compartment, while the other is the fresh food compartment. This report covers the complete background analysis of the United States Household Side-by-side Refrigerator Market, which includes an assessment of the economy, a market overview, market size estimation for key segments, emerging trends in the market, market dynamics, and key company profiles. 

The United States household side by side refrigerator market is segmented on the basis of type (under 15 cu. ft., 15-20 cu. ft., 20-25 cu. ft., and above 25 cu. ft.) and distribution channel (hypermarkets/supermarkets, specialty stores, online, and offline). 

The market size and forecasts are provided in terms of value (USD) for all the above segments.

By Application
Under 15 cu.ft.
15-20 cu.ft.
20-25 cu.ft.
Above 25 cu.ft.
By Distribution Channel
Speciality Stores
Supermarkets/ Hypermarkets
Online Stores
Other Distribution Channels
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US Side By Side Refrigerator Market Size Summary

The United States household side-by-side refrigerator market is characterized by its stability within the home appliance sector, with refrigerators and freezers playing a crucial role in food storage and safety. The market is poised for modest growth, driven by factors such as rising disposable incomes, the proliferation of smartphones, and enhanced internet accessibility. These elements are fostering demand for refrigerators with advanced features. The market is also benefiting from innovations in refrigerating units, decreasing product prices, and the growing influence of e-commerce. The need for replacement appliances, consumer credit availability, and overall economic health are further propelling market expansion. The side-by-side refrigerator segment is gaining traction as consumers seek modern, stylish, and spacious kitchen appliances that offer convenience and energy efficiency. Urbanization and improved living standards are contributing to this trend, with manufacturers introducing innovative models that incorporate AI, smart home integration, and sustainable technologies.

The US market is a significant player in the global online retail space, with a vast digital population and a strong preference for online shopping. This trend is expected to continue, supported by technological advancements, digitization, and attractive online offers. Refrigerator manufacturers are increasingly collaborating with online retailers like Amazon and Walmart to enhance product delivery and installation services. The adoption of smart technology appliances is on the rise, with smart refrigerators offering features such as touch screens, recipe recommendations, and smart tag technology for food management. The market is fragmented, with numerous manufacturers like Samsung, Whirlpool, LG, and others competing for market share through mergers, acquisitions, and new product developments. These companies are also focusing on customization and intelligent connectivity to meet evolving consumer demands for sustainability and convenience in kitchen appliances.

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US Side By Side Refrigerator Market Size - Table of Contents

  1. 1. MARKET DYNAMICS AND INSIGHTS

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

      1. 1.2.1 Growing Consumption of Frozen Food Products

    3. 1.3 Market Restraints

      1. 1.3.1 Rising Awarness about Environmental Protection to Hinder the Market Growth

    4. 1.4 Market Opportunities

      1. 1.4.1 Eco-Friendly and Energy Efficiency Refrigerators

      2. 1.4.2 Introduction of New Products by Companies with Smart Technology

    5. 1.5 Industry Value Chain Analysis

    6. 1.6 Industry Attractiveness - Porter's Five Forces Analysis

      1. 1.6.1 Bargaining Power of Suppliers

      2. 1.6.2 Bargaining Power of Buyers/Consumers

      3. 1.6.3 Threat of New Entrants

      4. 1.6.4 Threat of Substitutes

      5. 1.6.5 Intensity of Competitive Rivalry

    7. 1.7 Insights on Impact of Technology in the Market

    8. 1.8 Impact of COVID-19 on the Market

  2. 2. MARKET SEGMENTATION

    1. 2.1 By Application

      1. 2.1.1 Under 15 cu.ft.

      2. 2.1.2 15-20 cu.ft.

      3. 2.1.3 20-25 cu.ft.

      4. 2.1.4 Above 25 cu.ft.

    2. 2.2 By Distribution Channel

      1. 2.2.1 Speciality Stores

      2. 2.2.2 Supermarkets/ Hypermarkets

      3. 2.2.3 Online Stores

      4. 2.2.4 Other Distribution Channels

US Side By Side Refrigerator Market Size FAQs

The US Side By Side Refrigerator Market is projected to register a CAGR of less than 1% during the forecast period (2024-2029)

Samsung Electronics Co. Ltd, Whirlpool Corp., LG, General Electric Co. and Bosch Group are the major companies operating in the US Side By Side Refrigerator Market.

US Side By Side Refrigerator Market Report Snapshots

United States Household Side by Side Refrigerator Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)