Overview

IBISWorld’s Household Refrigerator and Freezer Manufacturing market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

REPORT SNAPSHOT

Industry Analysis & Industry Trends

The Household Refrigerator and Freezer Manufacturing industry accounts for about 16.0% of the total Household Electrical Appliance Manufacturing subsector in China. This share increased steadily in the years leading up to 2000, but it has remained relatively stable since. Demand for industry products increased steadily in 2010 and 2011. However, growth began to slow in 2012, mainly due to the economic downturn in China.

Over the five years through 2017, industry revenue has been growing at an annualized rate of 8.8% to $70.0 billion. In 2015, sales for several product segments fell due to the end of the government's energy-saving subsidy, weak domestic demand and the slowdown in the real estate market...

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Industry Report - Starting a New Business Chapter

The size of this industry's key market has been expanding for some time. Many small-size enterprises have entered the industry with the main focus of producing low-profit refrigerators and freezers. With lower prices, products manufactured by these enterprises mainly target third and fourth-grade markets where the desire for a prestigious brand is low. These firms also provide original equipment manufacturing (OEM) for some large-scale enterprises, which creates opportunities for further sales and development.

It is difficult for new firms to increase market share as there are many top brands operating in the market. In 2015, sales of the top eight refrigerator brands accounted for more than 20.0% of total segment revenue. The..

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Additional Insights for the Household Refrigerator and Freezer Manufacturing Industry

IBISWorld identifies 250 Key Success Factors for a business.The most important for the Household Refrigerator and Freezer Manufacturing Industry are

  • Establishment of brand names
  • Establishment of export markets
  • Economies of scale
  • IBISWorld analysts also discuss how external factors such as Household Income and Systems and Technology - by Industry in the Household Refrigerator and Freezer Manufacturing industry impact industry performance..

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    Industry Products

    What is the Household Refrigerator and Freezer Manufacturing Industry?

    This industry includes companies that manufacture household refrigerators, freezers and deep-freezers.

    Industry Products
    Low-end and mid-end household refrigerators
    High-end household refrigerators
    Household freezers and deep-freezers
    Industry Activities
    Household refrigerator
    Manufacturing household freezers
    Making household deep-freezers

    Table of Contents

    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • Household Income
  • Systems and Technology - by Industry
  • Export Competition
  • Industry Competition - Highlights
  • Domestic Goods Prices
  • Real GDP

  • Current Performance
  • Chart: Revenue Growth

  • Industry Outlook
  • Future industry trends
  • Table: Household Refrigerator and Freezer Manufacturing Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Household Refrigerator and Freezer Manufacturing Industry Lifecycle vs The Economy

  • Products & Markets
    Supply Chains
    Key Buying Industries
  • Department Stores & Shopping Malls
  • Supermarkets
  • Home Appliance Stores
  • Online Shopping

  • Key Selling Industries
  • Electrical Equipment and Machinery Manufacturing
  • Plastic Parts Manufacturing
  • Steel Rolling

  • Products & Services
  • Low-end and mid-end household refrigerators
  • High-end household refrigerators
  • Household freezers and deep-freezers
  • Other
  • Chart: Household Refrigerator and Freezer Manufacturing Industry Products and Services Segmentation

  • Demand Determinants
  • Average household income levels
  • Product innovation
  • Product prices
  • Seasons

  • Major Markets
  • Household appliance chain stores
  • Electric appliance dealers (wholesalers)
  • Subsidiaries
  • Specialty stores
  • Exports
  • Other
  • Chart: Major Market Segmentation for the Household Refrigerator and Freezer Manufacturing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profitability
  • Purchases
  • Wages
  • Advertising
  • Chart: Cost Structure Benchmarking – Sector vs Household Refrigerator and Freezer Manufacturing

  • Basis of Competition
  • Quality and brand
  • Promotions
  • Product features
  • Distribution channels
  • Product price

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Household Refrigerator and Freezer Manufacturing Industry

  • Industry Globalization
    Major Companies
    Qingdao Haier Co., Ltd.Hisense Kelon Electrical Holding Co. Ltd.Midea GroupHefei Meiling Co., Ltd.Aucma Holding Co. Ltd.
  • Table: Qingdao Haier Co., Ltd. - financial performance
  • Table: Hisense Kelon Electrical Holding Co. Ltd. - financial performance
  • Table: Midea Group - financial performance
  • Table: Hefei Meiling Co., Ltd. - financial performance
  • Table: Aucma Holding Co. Ltd. - financial performance

  • Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Household Refrigerator and Freezer Manufacturing Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Key Statistics
    Table: Industry Data for the Household Refrigerator and Freezer Manufacturing Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Exports (2008-2022)
  • Imports (2008-2022)
  • Wages (2008-2022)
  • Total Assets (2008-2022)
  • Output of Household Refrigerators (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Jargon & Glossary
    Deep-Freezer
  • A freezer for the quick-freezing and long-term storage of food.
  • Inverter
  • An electrical converter that converts direct current into alternating current.
  • Smart Refrigerator
  • Operates when electricity is the cheapest and most abundant, which is determined by communicating with the electric meter.
  • Why buy this report?

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Household Refrigerator and Freezer Manufacturing:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Household Refrigerator and Freezer Manufacturing market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Household Refrigerator and Freezer Manufacturing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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