PROSPECTS AND OPPORTUNITIES
Continued growth, and offering different features as consumer requirements change
Refrigeration appliances in China is set to maintain slow and stable retail volume growth throughout the forecast period. Although rising from a lower base, built-in refrigeration appliances is set to see stronger retail volume growth than freestanding refrigeration appliances moving forward.
Incorporation of AI in refrigeration appliances
The rapid advance of AI is driving a significant transformation within refrigeration appliances in China, marking a definitive trend towards intelligent systems. The implementation of AI encompasses both food-related functionalities and non-food applications.
Replacement incentives and circular refrigeration appliances
The replacement incentives for consumer appliances have been a key driver of growth for refrigeration appliances in China in 2024, and this may continue in 2025, as subsidies encourage consumers to replace older, energy-inefficient models with newer, eco-friendly options. While this boosts short-term activity, it may also lead to reduced demand once the initial surge wanes.
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Overview:
Understand the latest market trends and future growth opportunities for the Refrigeration Appliances industry in China with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the Refrigeration Appliances industry in China, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
The Refrigeration Appliances in China report includes:
- Analysis of key supply-side and demand trends
- Detailed segmentation of international and local products
- Historic volume and value sizes, company and brand market shares
- Five year forecasts of market trends and market growth
- Robust and transparent research methodology, conducted in-country
This report answers:
- What is the market size of Refrigeration Appliances in China?
- Which are the leading brands in China?
- How are products distributed in China?
- To what extent has COVID-19 and accordant macroeconomic and retail disruption impacted demand?
- How are considerations such as urban development and the rise in single-person households determining sales growth?
- Where is future growth expected to be most dynamic?
Refrigeration Appliances in China - Category analysis
KEY DATA FINDINGS
Little movement for refrigeration appliances amidst economic downturn and government incentives
Premiumisation due to rising costs and shifting corporate strategies
Competitive strategies due to shrinking domestic demand and rising costs
Continued growth, and offering different features as consumer requirements change
Incorporation of AI in refrigeration appliances
Replacement incentives and circular refrigeration appliances
Consumer Appliances in China - Industry Overview
Consumer appliances in 2024: The big picture
2024 key trends
Competitive landscape
Retailing developments
What next for consumer appliances?
DISCLAIMER
The following categories and subcategories are included:
Refrigeration Appliances
- Built-in Refrigeration Appliances
- Freestanding Refrigeration Appliances
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- Built-in Electric Wine Coolers/Chillers
- Freestanding Electric Wine Coolers/Chillers
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- Built-in Freezers
- Freestanding Freezers
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- Built-in Fridge Freezers
- Freestanding Fridge Freezers
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- Built-in Fridges
- Freestanding Fridges
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 definitionsWhy buy this report?
- Gain competitive intelligence about market leaders
- Track key industry trends, opportunities and threats
- Inform your marketing, brand, strategy and market development, sales and supply functions
This report originates from Passport, our Refrigeration Appliances research and analysis database.
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