Nigeria Refrigerators Market (2020-2026) | Trends, Value, Industry, COVID-19 IMPACT, Revenue, Share, Forecast, Size, Growth, Companies, Analysis & Outlook
Market Forecast By Freezer Location (Freezer-on-top refrigerators, Freezer-on-bottom refrigerators, Freezer-less and others), By Door Type (Single-door refrigerator, Double-door refrigerator, French door refrigerator, Others), By Distribution Channel (Specialty retailers, Department stores, Mass retailers/hypermarkets/supermarkets, Discount stores, Online) And Competitive Landscape
| Product Code: ETC025149 | Publication Date: Jun 2023 | Product Type: Report | |
| Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 |
Nigeria Refrigerators Market Synopsis
The Nigeria refrigerators market is expected to register a CAGR of 6.3% during the forecast period 2020-2026. The increasing demand for smart and energy efficient refrigerators has been driving the market in Nigeria. Also, rising disposable income levels due to the rapid economic growth are estimated to be among key factors that will boost refrigerator sales in Nigeria over the coming years.
Moreover, increasing urbanization along with changing lifestyles in cities and towns have also been contributing significantly towards boosting refrigerator sales across Nigeria. This is further augmented by government incentives such as reduced import duties on foreign appliances which are anticipated to positively impact domestic sales of high-end fridges in the country during 2020?2026.
Furthermore, owing to promoting pro-trade policies there has been an influx of new entrants into this segment from multinationals as well as local players competing in terms of product quality and pricing due to which consumers now have access to more sophisticated products at lower prices than ever before, thereby stimulating demand for refrigerators substantially from both rural as well urban areas throughout Nigeria.
Key Highlights of the Report:
- Nigeria Refrigerators Market Outlook
- Market Size of Nigeria Refrigerators Market, 2019
- Forecast of Nigeria Refrigerators Market, 2026
- Historical Data and Forecast of Nigeria Refrigerators Revenues & Volume for the Period 2016 - 2026
- Nigeria Refrigerators Market Trend Evolution
- Nigeria Refrigerators Market Drivers and Challenges
- Nigeria Refrigerators Price Trends
- Nigeria Refrigerators Porter's Five Forces
- Nigeria Refrigerators Industry Life Cycle
- Historical Data and Forecast of Nigeria Refrigerators Market Revenues & Volume By Freezer Location for the Period 2016 - 2026
- Historical Data and Forecast of Nigeria Refrigerators Market Revenues & Volume By Freezer-on-top refrigerators for the Period 2016 - 2026
- Historical Data and Forecast of Nigeria Refrigerators Market Revenues & Volume By Freezer-on-bottom refrigerators for the Period 2016 - 2026
- Historical Data and Forecast of Nigeria Refrigerators Market Revenues & Volume By Freezer-less and others for the Period 2016 - 2026
- Historical Data and Forecast of Nigeria Refrigerators Market Revenues & Volume By Door Type for the Period 2016 - 2026
- Historical Data and Forecast of Nigeria Refrigerators Market Revenues & Volume By Single-door refrigerator for the Period 2016 - 2026
- Historical Data and Forecast of Nigeria Refrigerators Market Revenues & Volume By Double-door refrigerator for the Period 2016 - 2026
- Historical Data and Forecast of Nigeria Refrigerators Market Revenues & Volume By French door refrigerator for the Period 2016 - 2026
- Historical Data and Forecast of Nigeria Refrigerators Market Revenues & Volume By Others for the Period 2016 - 2026
- Historical Data and Forecast of Nigeria Refrigerators Market Revenues & Volume By Distribution Channel for the Period 2016 - 2026
- Historical Data and Forecast of Nigeria Refrigerators Market Revenues & Volume By Specialty retailers for the Period 2016 - 2026
- Historical Data and Forecast of Nigeria Refrigerators Market Revenues & Volume By Department stores for the Period 2016 - 2026
- Historical Data and Forecast of Nigeria Refrigerators Market Revenues & Volume By Mass retailers/hypermarkets/supermarkets for the Period 2016 - 2026
- Historical Data and Forecast of Nigeria Refrigerators Market Revenues & Volume By Discount stores for the Period 2016 - 2026
- Historical Data and Forecast of Nigeria Refrigerators Market Revenues & Volume By Online for the Period 2016 - 2026
- Nigeria Refrigerators Import Export Trade Statistics
- Market Opportunity Assessment By Freezer Location
- Market Opportunity Assessment By Door Type
- Market Opportunity Assessment By Distribution Channel
- Nigeria Refrigerators Top Companies Market Share
- Nigeria Refrigerators Competitive Benchmarking By Technical and Operational Parameters
- Nigeria Refrigerators Company Profiles
- Nigeria Refrigerators Key Strategic Recommendations
Frequently Asked Questions About the Market Study (FAQs):
The market is expected to grow with a compound annual growth rate (CAGR) of 10% from 2024 to 2030.
Key challenges include high import duties, fluctuating exchange rates, unreliable power supply, and competition from low-quality imports.
The government supports the market through policies like NEEAP, promoting energy efficiency, and initiatives fostering local manufacturing.
Haier Thermocool, LG Electronics, Samsung, alongside local brands like Polystar and Scanfrost, are leading the market.
6Wresearch actively monitors the Nigeria Refrigerators Market and publishes its comprehensive annual report, highlighting emerging trends, growth drivers, revenue analysis, and forecast outlook. Our insights help businesses to make data-backed strategic decisions with ongoing market dynamics. Our analysts track relevent industries related to the Nigeria Refrigerators Market, allowing our clients with actionable intelligence and reliable forecasts tailored to emerging regional needs.
Yes, we provide customisation as per your requirements. To learn more, feel free to contact us on sales@6wresearch.com
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Nigeria Refrigerators Market Overview |
3.1 Nigeria Country Macro Economic Indicators |
3.2 Nigeria Refrigerators Market Revenues & Volume, 2019 & 2026F |
3.3 Nigeria Refrigerators Market - Industry Life Cycle |
3.4 Nigeria Refrigerators Market - Porter's Five Forces |
3.5 Nigeria Refrigerators Market Revenues & Volume Share, By Freezer Location, 2019 & 2026F |
3.6 Nigeria Refrigerators Market Revenues & Volume Share, By Door Type, 2019 & 2026F |
3.7 Nigeria Refrigerators Market Revenues & Volume Share, By Distribution Channel, 2019 & 2026F |
4 Nigeria Refrigerators Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Nigeria Refrigerators Market Trends |
6 Nigeria Refrigerators Market, By Types |
6.1 Nigeria Refrigerators Market, By Freezer Location |
6.1.1 Overview and Analysis |
6.1.2 Nigeria Refrigerators Market Revenues & Volume, By Freezer Location, 2016 - 2026F |
6.1.3 Nigeria Refrigerators Market Revenues & Volume, By Freezer-on-top refrigerators, 2016 - 2026F |
6.1.4 Nigeria Refrigerators Market Revenues & Volume, By Freezer-on-bottom refrigerators, 2016 - 2026F |
6.1.5 Nigeria Refrigerators Market Revenues & Volume, By Freezer-less and others, 2016 - 2026F |
6.2 Nigeria Refrigerators Market, By Door Type |
6.2.1 Overview and Analysis |
6.2.2 Nigeria Refrigerators Market Revenues & Volume, By Single-door refrigerator, 2016 - 2026F |
6.2.3 Nigeria Refrigerators Market Revenues & Volume, By Double-door refrigerator, 2016 - 2026F |
6.2.4 Nigeria Refrigerators Market Revenues & Volume, By French door refrigerator, 2016 - 2026F |
6.2.5 Nigeria Refrigerators Market Revenues & Volume, By Others, 2016 - 2026F |
6.3 Nigeria Refrigerators Market, By Distribution Channel |
6.3.1 Overview and Analysis |
6.3.2 Nigeria Refrigerators Market Revenues & Volume, By Specialty retailers, 2016 - 2026F |
6.3.3 Nigeria Refrigerators Market Revenues & Volume, By Department stores, 2016 - 2026F |
6.3.4 Nigeria Refrigerators Market Revenues & Volume, By Mass retailers/hypermarkets/supermarkets, 2016 - 2026F |
6.3.5 Nigeria Refrigerators Market Revenues & Volume, By Discount stores, 2016 - 2026F |
6.3.6 Nigeria Refrigerators Market Revenues & Volume, By Online, 2016 - 2026F |
7 Nigeria Refrigerators Market Import-Export Trade Statistics |
7.1 Nigeria Refrigerators Market Export to Major Countries |
7.2 Nigeria Refrigerators Market Imports from Major Countries |
8 Nigeria Refrigerators Market Key Performance Indicators |
9 Nigeria Refrigerators Market - Opportunity Assessment |
9.1 Nigeria Refrigerators Market Opportunity Assessment, By Freezer Location, 2019 & 2026F |
9.2 Nigeria Refrigerators Market Opportunity Assessment, By Door Type, 2019 & 2026F |
9.3 Nigeria Refrigerators Market Opportunity Assessment, By Distribution Channel, 2019 & 2026F |
10 Nigeria Refrigerators Market - Competitive Landscape |
10.1 Nigeria Refrigerators Market Revenue Share, By Companies, 2019 |
10.2 Nigeria Refrigerators Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
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