Product Code: ETC025130 | Publication Date: Aug 2023 | Updated Date: Feb 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
The Vietnam refrigerators market has experienced steady growth from 2025 to 2031. As one of the fastest-growing economies in Southeast Asia, Vietnam increasing disposable income, urbanization, and changing consumer lifestyles have contributed to the rising demand for refrigerators. These appliances are essential for preserving food and beverages, and their popularity has surged as households seek modern conveniences and adopt more sophisticated living standards.
Several key drivers have fueled the growth of the refrigerators market in Vietnam. Firstly, the country`s robust economic growth has led to an expanding middle class with higher purchasing power, driving the demand for household appliances like refrigerators. Additionally, the growing urbanization has resulted in smaller living spaces and an increased preference for apartment-style living, where compact and energy-efficient refrigerators are in demand. Moreover, rising awareness of food safety and the need to reduce food wastage have further boosted the adoption of refrigerators to store perishable items effectively.
Despite the positive market outlook, the Vietnam refrigerators market faces certain challenges. One significant challenge is the intense competition among manufacturers, both domestic and international, vying for market share. This competition exerts pressure on pricing and margins. Additionally, the industry is also confronted with shifting consumer preferences and the need to constantly innovate to meet evolving demands. Energy efficiency standards and environmental regulations can also pose challenges to manufacturers in ensuring their products comply with the latest sustainability requirements.
The outbreak of the Covid-19 pandemic had a notable impact on the Vietnam refrigerators market. During the initial phases of the pandemic, the nation faced economic disruptions, supply chain challenges, and lockdown measures that led to a temporary slump in consumer demand. As people stayed indoors and faced uncertainty, large-ticket purchases like refrigerators were postponed or reconsidered. However, as the situation stabilized and restrictions eased, the market witnessed a gradual recovery.
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 Vietnam Refrigerators Market Overview |
3.1 Vietnam Country Macro Economic Indicators |
3.2 Vietnam Refrigerators Market Revenues & Volume, 2021 & 2031F |
3.3 Vietnam Refrigerators Market - Industry Life Cycle |
3.4 Vietnam Refrigerators Market - Porter's Five Forces |
3.5 Vietnam Refrigerators Market Revenues & Volume Share, By Freezer Location, 2021 & 2031F |
3.6 Vietnam Refrigerators Market Revenues & Volume Share, By Door Type, 2021 & 2031F |
3.7 Vietnam Refrigerators Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F |
4 Vietnam Refrigerators Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Vietnam Refrigerators Market Trends |
6 Vietnam Refrigerators Market, By Types |
6.1 Vietnam Refrigerators Market, By Freezer Location |
6.1.1 Overview and Analysis |
6.1.2 Vietnam Refrigerators Market Revenues & Volume, By Freezer Location, 2021-2031F |
6.1.3 Vietnam Refrigerators Market Revenues & Volume, By Freezer-on-top refrigerators, 2021-2031F |
6.1.4 Vietnam Refrigerators Market Revenues & Volume, By Freezer-on-bottom refrigerators, 2021-2031F |
6.1.5 Vietnam Refrigerators Market Revenues & Volume, By Freezer-less and others, 2021-2031F |
6.2 Vietnam Refrigerators Market, By Door Type |
6.2.1 Overview and Analysis |
6.2.2 Vietnam Refrigerators Market Revenues & Volume, By Single-door refrigerator, 2021-2031F |
6.2.3 Vietnam Refrigerators Market Revenues & Volume, By Double-door refrigerator, 2021-2031F |
6.2.4 Vietnam Refrigerators Market Revenues & Volume, By French door refrigerator, 2021-2031F |
6.2.5 Vietnam Refrigerators Market Revenues & Volume, By Others, 2021-2031F |
6.3 Vietnam Refrigerators Market, By Distribution Channel |
6.3.1 Overview and Analysis |
6.3.2 Vietnam Refrigerators Market Revenues & Volume, By Specialty retailers, 2021-2031F |
6.3.3 Vietnam Refrigerators Market Revenues & Volume, By Department stores, 2021-2031F |
6.3.4 Vietnam Refrigerators Market Revenues & Volume, By Mass retailers/hypermarkets/supermarkets, 2021-2031F |
6.3.5 Vietnam Refrigerators Market Revenues & Volume, By Discount stores, 2021-2031F |
6.3.6 Vietnam Refrigerators Market Revenues & Volume, By Online, 2021-2031F |
7 Vietnam Refrigerators Market Import-Export Trade Statistics |
7.1 Vietnam Refrigerators Market Export to Major Countries |
7.2 Vietnam Refrigerators Market Imports from Major Countries |
8 Vietnam Refrigerators Market Key Performance Indicators |
9 Vietnam Refrigerators Market - Opportunity Assessment |
9.1 Vietnam Refrigerators Market Opportunity Assessment, By Freezer Location, 2021 & 2031F |
9.2 Vietnam Refrigerators Market Opportunity Assessment, By Door Type, 2021 & 2031F |
9.3 Vietnam Refrigerators Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F |
10 Vietnam Refrigerators Market - Competitive Landscape |
10.1 Vietnam Refrigerators Market Revenue Share, By Companies, 2024 |
10.2 Vietnam Refrigerators Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |