Refrigeration Appliances in the United Kingdom - New Market Research Report

Led by fridge-freezers, the volume growth of refrigeration appliances was healthy in the UK during 2015. This performance was boosted by the recovery in real wages in 2015, and also continued to benefit from the recovery in construction activity which began in 2014. However, growth was down somewhat from the rate experienced in 2014, when UK housing starts rose to their highest level since 2007. Whilst housing starts spiked during the first half of 2015 to almost double the level experienced during the worst times of the financial crisis, they failed to improve on 2014 growth, dropping off towards the latter half of the year.

Competitive Landscape

In 2015 Indesit Co UK retained the leading share within refrigeration appliances with its Hotpoint and Indesit brands. Over the review period its range of mid- to low-priced appliances became highly popular, as real wages and consumer confidence were progressively squeezed. This led many consumers to seek lower-priced alternatives in order to replace ageing and broken appliances.

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Industry Prospects

During the forecast period 2015-2020 refrigeration appliances is forecast to outpace the performance it recorded in the review period. Driven largely by the growth of freestanding fridge-freezers, sales will also be boosted by the strong growth of the built-in segment. As real wages continue to recover, consumers in the UK are set to be increasingly confident in making upgrades to their home appliances, and will be less likely to limit or put off this spending entirely. In addition, as construction continues to pick up, the built-in segment is likely to maintain steady volume growth.

Report Overview

Discover the latest market trends and uncover sources of future market growth for the Refrigeration Appliances industry in United Kingdom with research from Euromonitor's team of in-country analysts.

Find hidden opportunities in the most current research data available, understand competitive threats with our detailed market analysis, and plan your corporate strategy with our expert qualitative analysis and growth projections.

If you're in the Refrigeration Appliances industry in United Kingdom, our research will save you time and money while empowering you to make informed, profitable decisions.

The Refrigeration Appliances in United Kingdom market research report includes:

* Analysis of key supply-side and demand trends
* Detailed segmentation of international and local products
* Historic volumes and values, company and brand market shares
* Five year forecasts of market trends and market growth
* Robust and transparent market research methodology, conducted in-country

Our market research reports answer questions such as:

* What is the market size of Refrigeration Appliances in United Kingdom?

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