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The household refrigerators freezers market size is forecast to increase by USD 24.5 billion at a CAGR of 4.6% between 2023 and 2028. The household refrigerators and freezers market is witnessing significant growth due to several key trends and challenges. One notable trend is the increasing preference for energy-efficient appliances, as nuclear families prioritize reducing their carbon footprint and saving on utility bills. Another trend is the rising demand for smart appliances, such as those with French doors and advanced features like temperature control and Wi-Fi connectivity. Additionally, kitchen remodeling projects often include upgrading refrigerators and freezers, creating opportunities for market growth. However, a challenge facing the market is the low replacement rate, as refrigerators and freezers have a long average lifespan. Furthermore, the freezer location within the home can impact purchasing decisions, with bottom freezers and side-by-side models being popular choices.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Market Segmentation by Capacity
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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