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...purchase to read more.

Industry Statistics & Market Size
Revenue
$70bn
Annual Growth 12-17
8.8%
Forecast Growth 17-22
Profit
Employment
328,676
Businesses
349

Industry Report - Industry Investment Chapter

For every dollar spent on wages (including management and R&D costs), about 26 cents are invested in capital. In the refrigerator market, large and medium-sized enterprises invest more capital in product design, technology and efficiency. Larger firms tend to develop more new products for high-end markets, which have higher profit margins. At the same time, many small firms manufacture generic refrigerators and freezers that require limited capital expenditure on technology. As industry firms expand production capacity to increase market share, investment in fixed assets will continue to grow, raising the level of capital intensity...purchase to read more.

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..

    shopping_cartPURCHASE OPTIONS

    What's in this report

    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

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    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

  • 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
    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
    Qingdao Haier Co., Ltd., Hisense Kelon Electrical Holding Co. Ltd., Midea Group, Hefei 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

  • 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
    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
    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.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Household Refrigerator and Freezer Manufacturing market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

    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.

    Contact Us

    Want to speak to a representative? Call us.

    clear