Product Code: ETC294025 | Publication Date: Aug 2022 | Updated Date: Feb 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 | |
The Thailand Household Refrigerators And Freezers Market may undergo a gradual slowdown in growth rates between 2025 and 2029. Beginning strongly at -0.41% in 2025, growth softens to -1.52% in 2029.
In the Asia region, the Household Refrigerators And Freezers market in Thailand is projected to expand at a negative growth rate of -0.59% by 2027. The largest economy is China, followed by India, Japan, Australia and South Korea.
The Thailand Household Refrigerators and Freezers Market is a vital component of the home appliance industry. Refrigerators and freezers are essential appliances in households, used for preserving food and maintaining low temperatures. This market includes a variety of refrigerator and freezer types, including single-door, double-door, and side-by-side models. Factors such as urbanization, changing consumer lifestyles, and a focus on food preservation are driving the demand for innovative and energy-efficient refrigeration solutions.
The Thailand Household Refrigerators and Freezers Market is growing due to several key drivers. Firstly, the country`s economic development and rising disposable incomes have increased the affordability of household appliances, including refrigerators and freezers. These appliances are considered essential for preserving food and beverages, which drives demand. Secondly, as urbanization continues, smaller living spaces and changing lifestyles have led to a demand for compact and convenient refrigeration solutions. Thirdly, the growing trend towards healthier eating and home cooking has boosted the need for refrigeration to store fresh produce. Additionally, energy-efficient models and digital features are appealing to consumers, driving product innovation and market growth. Therefore, the Thailand Household Refrigerators and Freezers Market are being driven by economic factors, lifestyle changes, and evolving consumer preferences.
The household refrigerators and freezers market confronts challenges related to energy efficiency standards and environmental regulations. Manufacturers must continuously innovate to meet these standards while offering affordable and feature-rich products. Consumer demand for smart appliances is also on the rise, requiring companies to integrate advanced technologies into their offerings.
The COVID-19 pandemic had a multifaceted impact on the Thailand household refrigerators and freezers market. Initially, during the lockdowns and movement restrictions, there was a surge in demand for these appliances as consumers stocked up on food supplies. This led to a short-term boost in sales. However, the economic uncertainty and reduced disposable income later in the pandemic led to a slowdown in sales. Supply chain disruptions also affected the availability of certain models, impacting manufacturers and retailers. The market has since shown resilience, with a shift towards online sales channels and a growing focus on energy-efficient and smart appliances.
The household refrigerators and freezers market in Thailand is a competitive and rapidly evolving industry. Leading players in this market include well-established brands such as Samsung, LG, Panasonic, and Mitsubishi Electric. These companies have a strong presence in the country, offering a wide range of innovative and energy-efficient refrigeration solutions. They continuously invest in research and development to introduce new features and technologies to cater to the diverse needs of Thai consumers. Additionally, local manufacturers like Siam Compressor Industry and Thai Refrigeration Components are important players, contributing to the growth of the domestic industry.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Thailand Household Refrigerators And Freezers Market Overview |
3.1 Thailand Country Macro Economic Indicators |
3.2 Thailand Household Refrigerators And Freezers Market Revenues & Volume, 2021 & 2031F |
3.3 Thailand Household Refrigerators And Freezers Market - Industry Life Cycle |
3.4 Thailand Household Refrigerators And Freezers Market - Porter's Five Forces |
3.5 Thailand Household Refrigerators And Freezers Market Revenues & Volume Share, By Door Type, 2021 & 2031F |
3.6 Thailand Household Refrigerators And Freezers Market Revenues & Volume Share, By Structure, 2021 & 2031F |
3.7 Thailand Household Refrigerators And Freezers Market Revenues & Volume Share, By Capacity, 2021 & 2031F |
4 Thailand Household Refrigerators And Freezers Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Thailand Household Refrigerators And Freezers Market Trends |
6 Thailand Household Refrigerators And Freezers Market, By Types |
6.1 Thailand Household Refrigerators And Freezers Market, By Door Type |
6.1.1 Overview and Analysis |
6.1.2 Thailand Household Refrigerators And Freezers Market Revenues & Volume, By Door Type, 2021-2031F |
6.1.3 Thailand Household Refrigerators And Freezers Market Revenues & Volume, By Single Door, 2021-2031F |
6.1.4 Thailand Household Refrigerators And Freezers Market Revenues & Volume, By Double Door, 2021-2031F |
6.2 Thailand Household Refrigerators And Freezers Market, By Structure |
6.2.1 Overview and Analysis |
6.2.2 Thailand Household Refrigerators And Freezers Market Revenues & Volume, By Built-in, 2021-2031F |
6.2.3 Thailand Household Refrigerators And Freezers Market Revenues & Volume, By Freestanding, 2021-2031F |
6.3 Thailand Household Refrigerators And Freezers Market, By Capacity |
6.3.1 Overview and Analysis |
6.3.2 Thailand Household Refrigerators And Freezers Market Revenues & Volume, By Less than 15 cu. Ft., 2021-2031F |
6.3.3 Thailand Household Refrigerators And Freezers Market Revenues & Volume, By 15 to 30 cu. Ft., 2021-2031F |
6.3.4 Thailand Household Refrigerators And Freezers Market Revenues & Volume, By More than 30 cu. Ft., 2021-2031F |
7 Thailand Household Refrigerators And Freezers Market Import-Export Trade Statistics |
7.1 Thailand Household Refrigerators And Freezers Market Export to Major Countries |
7.2 Thailand Household Refrigerators And Freezers Market Imports from Major Countries |
8 Thailand Household Refrigerators And Freezers Market Key Performance Indicators |
9 Thailand Household Refrigerators And Freezers Market - Opportunity Assessment |
9.1 Thailand Household Refrigerators And Freezers Market Opportunity Assessment, By Door Type, 2021 & 2031F |
9.2 Thailand Household Refrigerators And Freezers Market Opportunity Assessment, By Structure, 2021 & 2031F |
9.3 Thailand Household Refrigerators And Freezers Market Opportunity Assessment, By Capacity, 2021 & 2031F |
10 Thailand Household Refrigerators And Freezers Market - Competitive Landscape |
10.1 Thailand Household Refrigerators And Freezers Market Revenue Share, By Companies, 2024 |
10.2 Thailand Household Refrigerators And Freezers Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |