Market Insights Consumer Household Appliances Major Appliances

Refrigerators - New Zealand

New Zealand

In 2024, the revenue in the Refrigerators market in New Zealand amounts to NZ US$179.60m.
This market is projected to experience an annual growth rate of 4.69% (CAGR 2024-2028).
When compared globally, in China generates the highest revenue in this segment, with NZ US$32,170m in 2024.
In terms of per household revenues, in 2024, each household in New Zealand generates approximately NZ US$89.52.
By 2028, the volume in the Refrigerators market is expected to reach 287.6k pieces units.
Additionally, there is an anticipated volume growth of 2.3% in 2025.
Looking at the average volume per household in the Refrigerators market, it is expected to be around 0.13pieces units in New Zealand in 2024.
New Zealand consumers are increasingly opting for energy-efficient refrigerators, driven by a strong focus on sustainability and eco-friendly living.

Key regions: Worldwide, Germany, Japan, China, Canada

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Methodology

Data coverage:

The data encompasses B2C enterprises. Figures are based on consumer spending on Household Appliances.

Modeling approach:

Market sizes are determined through a bottom-up approach, building on specific predefined factors for each market segment. As a basis for evaluating markets, we use annual financial reports of the market-leading companies and industry associations, trade data, national statistical office data, third-party studies and reports, survey results from our primary research (e.g., the Statista Global Consumer Survey), as well as performance factors. In addition, we use relevant key market indicators and data from country-specific associations, such as number of households, consumer spending, and price level index. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques, such as exponential trend smoothing, for instance. The selection of forecasting techniques is based on the behavior of the relevant market.

Additional notes:

The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year. In some cases, the data is updated on an ad hoc basis (e.g., when new, relevant data has been released or significant changes within the market have an impact on the projected development). GCS data is reweighted for representativeness.