PROSPECTS AND OPPORTUNITIES
Consumer price sensitivity to dampen growth over the forecast period
Consumer price sensitivity is expected to dampen growth for fridges and freezers over the forecast period as a hike in VAT will mean that prices will be at least 18% more expensive than in 2024. As a result, consumers are expected to only replace their fridges and freezers when they break rather than on a whim or when they want a change in the look of their homes.
Appliances and electronics specialists to remain dominant
Sales of refrigeration appliances via e-commerce are expected to continue increasing in the forecast period, further building on the dynamism of the COVID-19 crisis, which encouraged consumers to place online orders to avoid unnecessary and potentially dangerous person-to-person contact. Nevertheless, many consumers still prefer to consult a sales professional before buying a high-cost item like a fridge, freezer, or wine cooler.
Hybrid working to support demand
Hybrid working will continue to have a positive impact on demand for refrigeration appliances during the forecast period, with people cooking and eating more at home and investing in refrigerators. Moreover, the prominent health and wellness trend has encouraged consumers to become more aware of the importance of maintaining a healthy diet to support their immune system.
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Overview:
Understand the latest market trends and future growth opportunities for the Refrigeration Appliances industry in Israel 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 Israel, 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 Israel 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 Israel?
- Which are the leading brands in Israel?
- How are products distributed in Israel?
- 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 Israel - Category analysis
KEY DATA FINDINGS
Concerns over how to effectively recycle fridges and freezers hinder market growth
Electric wine coolers doing well in 2024
Brimag Digital Age retains lead, but faces growing competition from smaller players
Consumer price sensitivity to dampen growth over the forecast period
Appliances and electronics specialists to remain dominant
Hybrid working to support demand
Consumer Appliances in Israel - 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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