Global refrigeration appliances retail value 2015-2024, by region
The global retail value of refrigeration appliances grew steadily from 2015 to 2019, mostly driven by the steady growth in the Asian, North American, and European markets. Although there was a drop in retail value in 2020 due to the COVID-19 global pandemic, in 2022 the value is anticipated to surpass previous levels and maintain steady growth onwards. By 2024, the Asian refrigeration appliances market is forecast to produce a retail value of 46 billion U.S. dollars.