Fast Market Research announces the availability of the new TechNavio report, "Global Refrigerator Market 2016-2020", on their comprehensive research portal

Boston, MA -- (SBWire) -- 11/11/2016 --The refrigerator market in developed regions is growing at a low rate because the household penetration rate for primary refrigeration appliance is already at a high level and has reached the mature stage. Refrigerator has become an essential durable for everyday household and is being used by consumers in developed countries for years now. With minimum average product lifespan of five years and maximum lifespan of 8-10 years, the product has long replacement cycles.

Technavio's analysts forecast the global refrigerator market to grow at a CAGR of 4.5% during the period 2016-2020.

Covered in this report
The report covers the present scenario and the growth prospects of the global refrigerator market for 2016-2020. To calculate the market size, the report considers the revenue generated from the sales of refrigerators worldwide.

Get More Details on this Report and a Full Table of Contents at Global Refrigerator Market 2016-2020

The market is divided into the following segments based on geography:

-APAC
-Europe
-MEA
-North America

Technavio's report, Global Refrigerator Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors

-Electrolux
-Haier
-LG Electronics
-Samsung Electronics
-Whirlpool

Other prominent vendors

-Arcelik
-Bosch
-Godrej
-Hisense
-Hitachi
-Midea
-Miele
-Mitsubishi Electric
-Panasonic
-Sharp
-Toshiba

Market driver

-Inclination toward more sophisticated and advanced models
-For a full, detailed list, view our report

Market challenge

-Low replacement need due to high average lifespan
-For a full, detailed list, view our report

Market trend

-Retro designs and color-rich patterns
-For a full, detailed list, view our report

Key questions answered in this report

-What will the market size be in 2020 and what will the growth rate be?
-What are the key market trends?
-What is driving this market?
-What are the challenges to market growth?
-Who are the key vendors in this market space?
-What are the market opportunities and threats faced by the key vendors?
-What are the strengths and weaknesses of the key vendors?

You can request one free hour of our analyst's time when you purchase this market report. Details are provided within the report.

Companies Mentioned in this Report: Electrolux, Haier, LG Electronics, Samsung Electronics, Whirlpool, Arcelik, Bosch, Godrej, Hisense, Hitachi, Midea, Miele, Mitsubishi Electric, Panasonic, Sharp, Toshiba

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