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U.S. Residential Undercounter Refrigerators Market - Industry Trends and Forecast To 2029

Report Code: 81674

Industry: Consumer Goods

Published On: 2022/07/22

Pages: 111

Publisher : Data Bridge Market Research

The U.S. residential undercounter refrigerators market is projected to register a 2.8% CAGR of in the forecast period 2022 to 2029. The new market report contains data for historic years 2020, the base year of calculation is 2020 and the forecast period is 2022 to 2029

Market Segmentation:
U.S. residential undercounter refrigerators market, By Product (Undercounter Beverage Refrigerator, Undercounter Refrigerator Drawer, Undercounter Refrigerator Freezer), Hinge (Right Hinge, Left Hinge), Capacity (Less Than 100 Liters, 101 To 200 Liters, Others), Size (15 Inch, 24 Inch, 34 Inch), Door Material (Glass, Stainless Steel), Temperature Control (Automated, Manual), Distribution Channel (Supermarkets/Hypermarkets, Electronics and Appliance Store, E-Commerce, Others) Industry Trends and Forecast to 2029

Some of the major factors contributing to the growth of the U.S. residential undercounter refrigerators market:

• Increasing consumption of frozen food and beverage products
• The growing trend of nuclear families

Market Players:
The key market players for U.S. residential undercounter refrigerators market are listed below:

• The Middleby Corporation
• Sub-Zero Group, Inc.
• Whirlpool Corporation
• LIEBHERR
• Danby
• True Manufacturing Co., Inc.
• Perlick Corporation
• Summit Appliance (Brand of FELIX STORCH, INC.)
• Haier Group
• Smeg S.p.A
Market Definition
Undercounter refrigerators are small enough to be placed under kitchen counter or under any other counter in residential places. The undercounter refrigerators are available in wide range of temperature and size that can be used for small to medium applications. The undercounter refrigerator are used to store and preserve beverages such as wine, juices, soft drinks, smoothies, among others. It can also be used as a mini refrigerator and food products can also be stored in it. The undercounter refrigerators are available in three types such as undercounter beverage refrigerator, undercounter refrigerator drawer and undercounter refrigerator freezer.
Market Segmentation
The U.S. residential undercounter refrigerators market is segmented into seven notable segments which are based on product, hinge, capacity, size, door material, temperature control, and distribution channel.
• On the basis of product, the market is segmented into undercounter beverage refrigerator, undercounter refrigerator drawer and undercounter refrigerator freezer
• On the basis of hinge, the market is segmented into right hinge and left hinge
• On the basis of capacity, the market is segmented into less than 100 liters, 101 to 200 liters and others
• On the basis of size, the market is segmented into 15 inch, 24 inch and 34 inch
• On the basis of door material, the market is segmented into glass and stainless steel
• On the basis of temperature control, the market is segmented into automated and manual
• On the basis of distribution channel, the market is segmented into supermarkets/hypermarkets, electronics and appliance store, e-commerce and others
TABLE OF CONTENTS
1 INTRODUCTION 11
1.1 OBJECTIVES OF THE STUDY 11
1.2 MARKET DEFINITION 11
1.3 OVERVIEW OF U.S. RESIDENTIAL UNDERCOUNTER REFRIGERATORS MARKET 11
1.4 LIMITATION 12
1.5 MARKETS COVERED 12
2 MARKET SEGMENTATION 14
2.1 MARKETS COVERED 14
2.2 GEOGRAPHICAL SCOPE 15
2.3 YEARS CONSIDERED FOR THE STUDY 15
2.4 CURRENCY AND PRICING 15
2.5 DBMR TRIPOD DATA VALIDATION MODEL 16
2.6 PRODUCT CATEGORY LIFE LINE CURVE 19
2.7 MULTIVARIATE MODELING 20
2.8 PRIMARY INTERVIEWS WITH KEY OPINION LEADERS 21
2.9 DBMR MARKET POSITION GRID 23
2.10 DBMR MARKET CHALLENGE MATRIX 24
2.11 IMPORT-EXPORT DATA 25
2.12 DBMR VENDOR SHARE ANALYSIS 26
2.13 SECONDARY SOURCES 27
2.14 ASSUMPTIONS 28
3 EXECUTIVE SUMMARY 29
4 PREMIUM INSIGHTS 31
4.1 VENDOR SELECTION CRITERIA 32
4.2 PORTER'S FIVE FORCES: 33
4.2.1 THE THREAT OF NEW ENTRANTS: 33
4.2.2 THE THREAT OF SUBSTITUTES: 33
4.2.3 CUSTOMER BARGAINING POWER: 34
4.2.4 SUPPLIER BARGAINING POWER: 34
4.2.5 INTERNAL COMPETITION (RIVALRY): 34
4.3 PRICING ANALYSIS 35
4.4 TECHNOLOGICAL ADVANCEMENTS 36
4.5 REGULATION COVERAGE 37

4.6 PESTEL ANALYSIS 38
4.6.1 OVERVIEW 38
4.6.2 POLITICAL FACTORS 38
4.6.3 ENVIRONMENTAL FACTORS 39
4.6.4 SOCIAL FACTORS 39
4.6.5 TECHNOLOGICAL FACTORS 39
4.6.6 ECONOMICAL FACTORS 40
4.6.7 LEGAL FACTORS 40
4.6.8 CONCLUSION 40
4.7 CONSUMER BEHAVIOR ANALYSIS 41
4.7.1 OVERVIEW 41
4.7.2 CONSUMER TRENDS AND PREFERENCES 41
4.7.3 FACTORS AFFECTING BUYING DECISION 42
4.7.3.1 PURCHASING POWER 43
4.7.3.2 MARKETING 43
4.7.3.3 SOCIAL FACTORS 43
4.7.3.4 PSYCHOLOGICAL FACTORS 43
4.7.3.5 ECONOMIC CONDITIONS 43
4.7.3.6 CONSUMER'S EXPERIENCE 43
4.7.3.7 PURCHASE DECISION AND WILLINGNESS TO PAY 44
4.7.4 CONSUMER PRODUCT ADOPTION 44
4.7.4.1 PERSONAL INFLUENCE 45
4.7.4.2 PRODUCT INNOVATION CHARACTERISTICS 45
4.7.4.3 WILLINGNESS TO EMBRACE NEW PRODUCTS 45
4.7.4.4 CONCLUSION 45
4.8 COUNTRY ANALYSIS (2021-22) 46
5 MARKET OVERVIEW 47
5.1 DRIVERS 49
5.1.1 INCREASE IN CONSUMPTION OF FROZEN FOOD AND BEVERAGE PRODUCTS 49
5.1.2 THE GROWING TREND OF LIVING AS A NUCLEAR FAMILY 49
5.1.3 POSITIVE OUTLOOK TOWARD THE SMART HOME CONCEPT 50
5.2 RESTRAINT 51
5.2.1 HIGH MAINTENANCE AND SERVICE COST OF UNDERCOUNTER REFRIGERATORS 51
5.3 OPPORTUNITIES 51
5.3.1 GOVERNMENT INITIATIVES TOWARD ENERGY-EFFICIENT HOME APPLIANCES 51
5.3.2 GROWING NUMBER OF EMERGING ELECTRONIC BRANDS WITH NEW TECHNOLOGIES 52
5.4 CHALLENGE 53
5.4.1 DIFFICULTIES IN RECYCLING OF WASTE MATERIALS AND GAS 53

6 U.S. RESIDENTIAL UNDERCOUNTER REFRIGERATORS MARKET, BY PRODUCT 54
6.1 OVERVIEW 55
6.2 UNDERCOUNTER BEVERAGE REFRIGERATOR 56
6.3 UNDERCOUNTER REFRIGERATOR-FREEZER 57
6.4 UNDER-COUNTER REFRIGERATOR DRAWER 57
7 U.S. RESIDENTIAL UNDERCOUNTER REFRIGERATORS MARKET, BY HINGE 58
7.1 OVERVIEW 59
7.2 RIGHT HINGE 60
7.3 LEFT HINGE 60
8 U.S. RESIDENTIAL UNDERCOUNTER REFRIGERATORS MARKET, BY CAPACITY 61
8.1 OVERVIEW 62
8.2 101 TO 200 LITERS 63
8.3 LESS THAN 100 LITERS 63
8.4 OTHERS 63
9 U.S. RESIDENTIAL UNDERCOUNTER REFRIGERATORS MARKET, BY SIZE 64
9.1 OVERVIEW 65
9.2 24 INCH 66
9.3 15 INCH 66
9.4 34 INCH 66
10 U.S. RESIDENTIAL UNDERCOUNTER REFRIGERATORS MARKET, BY DOOR MATERIAL 67
10.1 OVERVIEW 68
10.2 STAINLESS STEEL 69
10.3 GLASS 69
11 U.S. RESIDENTIAL UNDERCOUNTER REFRIGERATORS MARKET, BY TEMPERATURE CONTROL 70
11.1 OVERVIEW 71
11.2 AUTOMATED 72
11.3 MANUAL 72
12 U.S. RESIDENTIAL UNDERCOUNTER REFRIGERATORS MARKET, BY DISTRIBUTION CHANNEL 73
12.1 OVERVIEW 74
12.2 ELECTRONIC AND APPLIANCE STORE 75
12.3 SUPERMARKETS/HYPERMARKETS 75
12.4 E-COMMERCE 76
12.5 OTHERS 76
13 U.S. RESIDENTIAL UNDERCOUNTER REFRIGERATORS MARKET, COMPANY LANDSCAPE 77
13.1 COMPANY SHARE ANALYSIS: U.S. 77
13.1.1 MERGER & ACQUISITION 78
13.1.2 EXPANSIONS AND PARTNERSHIP 78
13.1.3 NEW PRODUCT DEVELOPMENT 79
14 SWOT ANALYSIS 81
15 COMPANY PROFILE 82
15.1 THE MIDDLEBY CORPORATION 82
15.1.1 COMPANY SNAPSHOT 82
15.1.2 REVENUE ANALYSIS 82
15.1.3 PRODUCT PORTFOLIO 83
15.1.4 RECENT UPDATES 87
15.2 SUB-ZERO GROUP, INC. 89
15.2.1 COMPANY SNAPSHOT 89
15.2.2 PRODUCT PORTFOLIO 89
15.2.3 RECENT UPDATES 90
15.3 WHIRLPOOL CORPORATION 91
15.3.1 COMPANY SNAPSHOT 91
15.3.2 REVENUE ANALYSIS 91
15.3.3 PRODUCT PORTFOLIO 92
15.3.4 RECENT UPDATES 92
15.4 DANBY 94
15.4.1 COMPANY SNAPSHOT 94
15.4.2 PRODUCT PORTFOLIO 94
15.4.3 RECENT UPDATES 95
15.5 HAIER GROUP 96
15.5.1 COMPANY SNAPSHOT 96
15.5.2 REVENUE ANALYSIS 96
15.5.3 PRODUCT PORTFOLIO 97
15.5.4 RECENT UPDATES 97
15.6 LIEBHERR 98
15.6.1 COMPANY SNAPSHOT 98
15.6.2 REVENUE ANALYSIS 98
15.6.3 PRODUCT PORTFOLIO 99
15.6.4 RECENT UPDATES 99

15.7 PERLICK CORPORATION 100
15.7.1 COMPANY SNAPSHOT 100
15.7.2 PRODUCT PORTFOLIO 100
15.7.3 RECENT UPDATES 101
15.8 SMEG S.P.A 102
15.8.1 COMPANY SNAPSHOT 102
15.8.2 PRODUCT PORTFOLIO 102
15.8.3 RECENT UPDATES 103
15.9 SUMMIT APPLIANCE (BRAND OF FELIX STORCH, INC.) 104
15.9.1 COMPANY SNAPSHOT 104
15.9.2 PRODUCT PORTFOLIO 104
15.9.3 RECENT UPDATES 105
15.10 TRUE MANUFACTURING CO., INC. 106
15.10.1 COMPANY SNAPSHOT 106
15.10.2 PRODUCT PORTFOLIO 106
15.10.3 RECENT UPDATES 107
16 QUESTIONNAIRE 108
17 RELATED REPORTS 111