| Product Code: ETC025125 | Publication Date: Jul 2023 | Updated Date: Mar 2026 | Product Type: Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 |
Thailand import trend for refrigerators experienced significant growth from 2023 to 2024, with a growth rate of 40.91%. The compound annual growth rate (CAGR) for the period 2020-2024 stood at 18.73%. This surge in imports can be attributed to a notable shift in consumer demand towards more energy-efficient and technologically advanced refrigerator models, reflecting a market striving for sustainability and innovation.

The Thailand refrigerators market is expected to grow at a compound annual growth rate (CAGR) of 5.3% during the forecast period 2025-2031. This growth is attributed to the increasing population, rising disposable income, growing urbanization as well as technological advancements in refrigeration technology. The market boost can also be attributed to increased demand for energy efficient and environment friendly products such as inverter compressors and natural cooling agents like hydrocarbons which are being introduced by manufacturers into their product offerings. In addition, consumers??? inclination towards premium quality appliances has led to an increase in the adoption of advanced refrigeration equipment like mini bars and multi door systems with higher price points among Thailand households.
Growing population along with rising student numbers in universities has created a high demand for food preservation solutions due to changing lifestyles and increased purchasing power of customers leading to more spending on consumer durables including refrigerators. Increasing urbanization coupled with rise in per capita incomes have encouraged people to live better lives by investing in home electronics items such as air conditioners, washing machines etc., thus driving sales of refrigerator units across Thailand.
High cost associated with advanced refrigerator models equipped with latest technologies ios hampering its overall adoption among middle class families who form the majority of customer base for this sector leading towards decline in revenues earned from these segments despite increasing demands generated by other sectors like HoReCa channel & commercial establishments etc..
The COVID-19 pandemic had a negative impact on sales volumes across multiple countries worldwide including Thailand resulting due to lockdowns imposed by respective governments thereby affecting manufacturing activities followed by distribution disruption owing closureof retail stores selling these products causing financial losses for manufacturers & retailers alike while also pushing back launch dates or postponing launches/introduction new consumer durable goods including refrigerators.However, post lockdown relaxation phase saw gradual recovery trends witnessed both globally & withinThailand indicating potential return towards normalcy eventually aiding manufacturers recover from losses incurred over past few months.
Some key players operating within Thailand Refrigerator Market include LG Electronics Co., Ltd., Samsung Electronics Co., Ltd., Panasonic Corporation, Hitachi Home Appliances Group, Haier Inc., Electrolux Abetc.
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 Refrigerators Market Overview |
3.1 Thailand Country Macro Economic Indicators |
3.2 Thailand Refrigerators Market Revenues & Volume, 2022 & 2032F |
3.3 Thailand Refrigerators Market - Industry Life Cycle |
3.4 Thailand Refrigerators Market - Porter's Five Forces |
3.5 Thailand Refrigerators Market Revenues & Volume Share, By Freezer Location, 2022 & 2032F |
3.6 Thailand Refrigerators Market Revenues & Volume Share, By Door Type, 2022 & 2032F |
3.7 Thailand Refrigerators Market Revenues & Volume Share, By Distribution Channel, 2022 & 2032F |
4 Thailand Refrigerators Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Thailand Refrigerators Market Trends |
6 Thailand Refrigerators Market, By Types |
6.1 Thailand Refrigerators Market, By Freezer Location |
6.1.1 Overview and Analysis |
6.1.2 Thailand Refrigerators Market Revenues & Volume, By Freezer Location, 2022-2032F |
6.1.3 Thailand Refrigerators Market Revenues & Volume, By Freezer-on-top refrigerators, 2022-2032F |
6.1.4 Thailand Refrigerators Market Revenues & Volume, By Freezer-on-bottom refrigerators, 2022-2032F |
6.1.5 Thailand Refrigerators Market Revenues & Volume, By Freezer-less and others, 2022-2032F |
6.2 Thailand Refrigerators Market, By Door Type |
6.2.1 Overview and Analysis |
6.2.2 Thailand Refrigerators Market Revenues & Volume, By Single-door refrigerator, 2022-2032F |
6.2.3 Thailand Refrigerators Market Revenues & Volume, By Double-door refrigerator, 2022-2032F |
6.2.4 Thailand Refrigerators Market Revenues & Volume, By French door refrigerator, 2022-2032F |
6.2.5 Thailand Refrigerators Market Revenues & Volume, By Others, 2022-2032F |
6.3 Thailand Refrigerators Market, By Distribution Channel |
6.3.1 Overview and Analysis |
6.3.2 Thailand Refrigerators Market Revenues & Volume, By Specialty retailers, 2022-2032F |
6.3.3 Thailand Refrigerators Market Revenues & Volume, By Department stores, 2022-2032F |
6.3.4 Thailand Refrigerators Market Revenues & Volume, By Mass retailers/hypermarkets/supermarkets, 2022-2032F |
6.3.5 Thailand Refrigerators Market Revenues & Volume, By Discount stores, 2022-2032F |
6.3.6 Thailand Refrigerators Market Revenues & Volume, By Online, 2022-2032F |
7 Thailand Refrigerators Market Import-Export Trade Statistics |
7.1 Thailand Refrigerators Market Export to Major Countries |
7.2 Thailand Refrigerators Market Imports from Major Countries |
8 Thailand Refrigerators Market Key Performance Indicators |
9 Thailand Refrigerators Market - Opportunity Assessment |
9.1 Thailand Refrigerators Market Opportunity Assessment, By Freezer Location, 2022 & 2032F |
9.2 Thailand Refrigerators Market Opportunity Assessment, By Door Type, 2022 & 2032F |
9.3 Thailand Refrigerators Market Opportunity Assessment, By Distribution Channel, 2022 & 2032F |
10 Thailand Refrigerators Market - Competitive Landscape |
10.1 Thailand Refrigerators Market Revenue Share, By Companies, 2025 |
10.2 Thailand Refrigerators Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
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