Refrigeration Appliances

Panasonic is a clear leader in Japan. However, its presence overseas is limited compared to other appliance giants. Panasonic is one of the leading players in Southeast Asia in multiple categories such as Split Air Conditioners and Hair Care…

Samsung continues to record strong sales growth in recent years, as the pandemic drove consumer focus shifts towards the home. The company has increased investment in product innovation, while its customer-focused strategy is centred around…

Refrigeration appliances is set to see a weak year in 2023, as several categories are expected to face retail volume decline, after a period of robust expansion during the pandemic, primarily fuelled by the heightened consumer demand for food storage…

In 2023, refrigeration appliances is set to encounter declines in both retail volume and current value terms, due to escalating cost-of-living pressures, which continue to exert strain on household expenditure. The Australian economic landscape has…

As the Chinese government lifted all COVID-19-related restrictions at the onset of 2023, sales of refrigeration appliances began to recover in light of the opening-up. However, this sudden change had different impacts on sales of freezers and…

Refrigeration appliances is set to see a significant overall volume decline in 2023. This comes as a result of the poor performance of freezers, fridge-freezers, and fridges. Reasons for the continued volume decline in refrigeration appliances…

The Samsung Bespoke line has garnered significant popularity and attention within the dynamic market of Singapore. This innovative and customisable range of home appliances has struck a chord with Singaporean consumers, offering them a unique blend…

In 2023, demand for refrigeration appliances is improving compared to the previous year’s decline. Stronger performances by freestanding electric wine coolers/chillers and freestanding fridge freezers are highly influencing the growth trajectory of…

Despite the presence of economic challenges that limit consumers’ disposable incomes, refrigeration remains a key necessity for many South Africans. This is evident by the consistent demand for refrigeration appliances in the country over much of the…

In Japan, more than 80% of volume sales and more than 90% of value sales within refrigeration appliances come from a single category: freestanding fridge-freezers – this is “the” refrigeration appliance in the country. Being a hot and humid country…

Refrigeration appliances saw a decline in retail volume sales in the Netherlands in 2023 as consumers continued to be cautious about spending on big purchases. The boom in sales during the outbreak of COVID-19 also accounts for the decline in retail…

Retail volume sales of refrigeration appliances continue to decline in 2023, following the trends of a post-pandemic era, inflation, and reduced consumer spending. The volume decline is not as steep as the previous year, and overall demand remains…

2023 has been another tough year for sales of refrigeration appliances which have continued to decline for the second year running. There has been a particularly significant slowdown in demand for freezers, with the category posting a heavy decline…

Demand for refrigeration appliances in the United Arab Emirates continues to recover in 2023, driven by ongoing efforts in product innovation, continuous development of new products, and the integration of valuable enhancements. Factors such as the…

The deep penetration and essential character of fridge freezers and fridges sustained a relatively stable level of demand and meant that these products exhibited a slower rate of volume decline than other consumer appliances at the end of the review…

Refrigeration appliances underwent a significant transition in Germany in 2023. Historically, German consumers, renowned for their prudence and judicious spending habits, had been favouring longevity over frequent replacements. This trend became even…

Demand for freezers in Hong Kong is expected to continue to decline in volume terms in 2023, due to the continued trend of small living spaces. Therefore, many people prefer refrigeration appliances such as fridge-freezers, which have combined…

With a spike in retail volume sales noted during the outbreak of COVID-19, there was a retail volume decline in 2023, with consumers having a lower need to replace or buy new appliances. Additionally, rising inflation, higher cost of living, and low…

Refrigeration appliances saw volume sales fall in 2023. The COVID-19 crisis brought forward demand and generated a spike in volume sales in 2020 and 2021 as consumers focused spending on their domestic environments, cooked more and became…

Local consumers have become accustomed to living with inflation rates that rank among the highest in the world. Besides structural and monetary causes, inflation is also influenced by people's beliefs about future price trends. Economists refer to…