Refrigerators are primarily used to preserve food for a longer time. Although the simpler models are inexpensive, the demand for French door refrigerators is expected to rise significantly during the forecast period, due to the rise in the disposable income of consumers. Moreover, consumers’ inclination toward stylish and smart appliances is expected to drive the global French door refrigerators market in the near future. Innovative designs and advanced technologies have led to popularization of these refrigerators in commercial establishments such as restaurants and ice cream parlors as well as in-home delivery services.
Hydrochlorofluorocarbons used as a coolant in refrigerators are ozone-depleting chemicals, which account for around 20% of global warming. Thus, stringent laws have been enforced to reduce the use of hydrochlorofluorocarbons in refrigeration systems. Since French door refrigerators use these chemicals as a coolant, the demand for these refrigerators in countries where such laws are enforced is likely to be hampered. With the innovation of newer, better technologies, substitutes for French door refrigerators are likely to be invented. This is also expected to be an obstacle to the growth of the market in the near future.
Top Companies Operating in the Global French Door Refrigerators Market Report:
- Hitachi
- Haier
- Whirlpool Corporation
- G. Corporation
- Bosch
- Samsung
- Arçelik A.Ş
- Electrolux
- Panasonic
- Sharp
- Toshiba
- Midea
- Godrej
- Hisense
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Revenue growth in the global consumer goods market is primarily due to factors such as the rapid increase in the world population, the growing demand for food and other essential goods, including healthcare nutrition, personal care hygiene, and electronic products. Consumer preferences and lifestyles are changing significantly, the demand for packaged and processed food and beverage products is rising, and the number of people working is increasing. There has been a rapid adoption of cutting-edge technologies such as artificial intelligence (AI), IoT (Internet of Things), big data analytics, robotics automation in the consumer goods industry. Other key factors driving the growth of the global consumer goods market include a growing awareness of the adverse environmental impacts of plastic packaging and a growing demand for eco-friendly and sustainable packaging solutions. Rising income levels in developing economies such as India and stringent government regulations for product quality and safety are expected to boost market revenue growth in the near future.
Key Regional Markets Covered in the Report:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East Africa)
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Further market segmentation
By Door Type (Revenue, USD Million; 2017–2027)
- French 3-Door
- French 4-Door
- Quad Door
By Application (Revenue, USD Million; 2017–2027)
- Residential
- Commercial
By Capacity (Revenue, USD Million; 2017–2027)
- 30–31 Cubic Feet
- 25–29 Cubic Feet
- 20–24 Cubic Feet
- Under 19 Cubic Feet
By Depth (Revenue, USD Million; 2017–2027)
- Counter Depth
- Standard Depth
By Distribution Channel (Revenue, USD Million; 2017–2027)
- Online Channel
- Offline Channel
Key Takeaways of the Global French Door Refrigerators Market Report:
- A comprehensive overview of the global French Door Refrigerators industry.
- Accurate market projections in terms of market size, share, and volume.
- Thorough study of the global market dynamics, such as major market revenue growth drivers, opportunities, threats, challenges, restraints, and future growth avenues.
- Deep-dive analysis of the upcoming market trends.
- Qualitative and quantitative analyses of the global French Door Refrigerators market.
- Elaborate study of the leading regional markets in the global French Door Refrigerators market.
- Complete overview of the market’s competitive landscape.
- Brief look at the company profiles and portfolios.
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