At the top level, refrigeration appliances is expected to return to growth in volume terms from the middle of the forecast period. Whilst electric wine coolers/chillers is set to continue to experience volume growth throughout the forecast period, fridges is set to return to growth in 2024, and fridge-freezers from 2026.
There is continued debate around the future of smart homes and smart technology within homes, and how a significant a trend this might be in terms of its impact on refrigeration appliances. There are a number of products available within this category that already incorporate smart technology, including smart fridges which can monitor the number of items in the fridge and track when food is removed, as well as fridges with an interactive touchscreen that can suggest recipes based on the ingredients inside.
Retail e-commerce is expected to continue to grow in refrigeration appliances across the forecast period, and will account for the majority of sales in volume and value terms. This is part of a wider trend that has increasingly seen consumers shopping for appliances, as well as other products, online rather than in-store.
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Refrigeration Appliances
Refrigeration appliances considers built-in and freestanding major appliances in the following categories: fridge freezers, fridges, freezers and electric wine coolers chillers.
See All of Our DefinitionsThis report originates from Passport, our Refrigeration Appliances research and analysis database.
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