Annual Report Special | 2024 China Engineering Market Refrigerator Product Data Analysis (Including Rankings)

2024 Refrigerator Fine Finishing Market Interpretation

2024 Refrigerator Fine Finishing Market Interpretation2024 Refrigerator Fine Finishing Market Interpretation

According to the monitoring data from All View Cloud (AVC), the scale of new residential projects with fine decoration in 2024 nationwide is 664,100 units, a year-on-year decrease of 28.9%. Among these, the scale of fine decoration in the fourth quarter is 217,600 units, an increase of 46% compared to the third quarter. The number of new residential projects for refrigerators in the fine decoration market is 214, a year-on-year increase of 34.6%, with a market size of 80,400 units, a year-on-year increase of 22.2%.

Product Configuration Rate Analysis: The configuration rate of refrigerators in the fine decoration market has increased significantly year-on-year. From a quarterly perspective, the configuration rates in all quarters have shown an upward trend year-on-year. According to the monitoring data from All View Cloud (AVC), the configuration rate in the first quarter was 8.8%, a year-on-year increase of 1.4%; in the second quarter, it was 13.6%, a year-on-year increase of 4.2%; in the third quarter, it was 8.3%, a year-on-year increase of 2.7%; and in the fourth quarter, it was 15%, a year-on-year increase of 8.8%. For the whole year of 2024, the configuration rate of refrigerators is 12.1%, a year-on-year increase of 5.1%.

Brand Competition Analysis: From the perspective of the refrigerator projects in the fine finishing market, over 20 brands are involved, with the top 5 brands accounting for a combined share of 72.8%, led by Bosch, Siemens, and Gaggenau; in terms of growth rate, Gaggenau, AEG, and Liebherr have shown significant increases; in terms of ranking, Liebherr, Midea, AEG, Haier, Gorenje, Toshiba, Boss, FOTILE, Xiaomi, Hisense, and Ronshen have all seen an improvement. When looking at domestic versus foreign brands, the share of foreign brands is 88.0%, down 2.4% year-on-year; the share of domestic brands is 12.0%, up 2.4% year-on-year, with foreign brands still dominating.

Brand Competition Analysis: From the perspective of the refrigerator projects in the fine finishing market, over 20 brands are involved, with the top 5 brands accounting for a combined share of 72.8%, led by Bosch, Siemens, and Gaggenau; in terms of growth rate, Gaggenau, AEG, and Liebherr have shown significant increases; in terms of ranking, Liebherr, Midea, AEG, Haier, Gorenje, Toshiba, Boss, FOTILE, Xiaomi, Hisense, and Ronshen have all seen an improvement. When looking at domestic versus foreign brands, the share of foreign brands is 88.0%, down 2.4% year-on-year; the share of domestic brands is 12.0%, up 2.4% year-on-year, with foreign brands still dominating.

Based on the real data monitoring of new fine finishing residential projects across more than 400 cities nationwide, AVC (All View Cloud) conducts monthly monitoring and analysis of the scale, brand, and brand nature of supporting products in the fine finishing market. According to the monitoring data, the top 10 refrigerator brands in China's real estate fine finishing market for 2024 are as follows:

Based on the real data monitoring of new fine finishing residential projects across more than 400 cities nationwide, AVC (All View Cloud) conducts monthly monitoring and analysis of the scale, brand, and brand nature of supporting products in the fine finishing market. According to the monitoring data, the top 10 refrigerator brands in China's real estate fine finishing market for 2024 are as follows:

Developer Analysis: In terms of developers, the top 10 developers in the fine-finished market for refrigerator projects are China Overseas Property, Poly Development, China Resources Land, Greentown China, China Jinmao, etc. The combined market share of the top 10 developers is 41.9%. From the perspective of developers with faster growth, China Overseas Property, China Jinmao, Yuexiu Property, CSCEC Second Bureau (CSCEC Jiuhé), and Poly Development have shown significant growth.

Developer Analysis: In terms of developers, the top 10 developers in the fine-finished market for refrigerator projects are China Overseas Property, Poly Development, China Resources Land, Greentown China, China Jinmao, etc. The combined market share of the top 10 developers is 41.9%. From the perspective of developers with faster growth, China Overseas Property, China Jinmao, Yuexiu Property, CSCEC Second Bureau (CSCEC Jiuhé), and Poly Development have shown significant growth.

Interpretation of the Refrigerator Hotel Market in 2024

Interpretation of the Refrigerator Hotel Market in 2024

2024 Refrigerator Hotel Market Interpretation

2024 Refrigerator Hotel Market Interpretation

2024 Refrigerator Hotel Market Interpretation

2024 Refrigerator Hotel Market Interpretation

2024 Refrigerator Hotel Market Interpretation

According to the monitoring data from All View Cloud (AVC), in 2024, the scale of newly opened projects for 3-5 star chain hotels in 19 first-tier and new first-tier cities will be 202,200 rooms, with a refrigerator scale of 115,700 units; by quarter, the scale of refrigerators equipped in newly opened projects for 3-5 star chain hotels in 19 first-tier and new first-tier cities in 2024 is expected to increase in each quarter, with a total refrigerator scale of 115,700 units, an increase of 51.1% year-on-year.

According to the monitoring data from All View Cloud (AVC), in 2024, the scale of new opening projects for 3-5 star chain hotels in 19 first-tier and new first-tier cities will be 202,200 rooms, with the accompanying refrigerator scale being 115,700 units; looking at it by quarter, the scale of accompanying refrigerators for new opening projects of 3-5 star chain hotels in 19 first-tier and new first-tier cities in 2024 shows a year-on-year increase in each quarter, with the accompanying refrigerator scale being 115,700 units, a year-on-year increase of 51.1%.

Product Configuration Rate Analysis: The refrigerator is not a standard hotel product, but its configuration rate is on the rise, reaching 57.2%, an increase of 7.2% year-on-year.

Product Configuration Rate Analysis: The refrigerator is not a standard hotel product, but its configuration rate is on the rise, reaching 57.2%, an increase of 7.2% year-on-year.

Brand Competition Analysis: From the perspective of the market for accompanying refrigerators in new opening projects of 3-5 star chain hotels in 19 first-tier and new first-tier cities, except for custom orders, the combined market share of the top 5 brands is 70.0%, among which DeraWei, HuanWei, and QingLiu are leading. In terms of growth, DeraWei, QingLiu, and Oudaxin show significant increases; in terms of ranking, QingLiu, Oudaxin, Xianke, Deercool, Tengyun, Rongshida, KKCO, and Peijier have all risen. Dividing by domestic and foreign brands, domestic brands hold a 94.5% share, while foreign brands hold a 5.5% share.

Brand Competition Analysis: From the perspective of the market for accompanying refrigerators in new opening projects of 3-5 star chain hotels in 19 first-tier and new first-tier cities, except for custom orders, the combined market share of the top 5 brands is 70.0%, among which DeraWei, HuanWei, and QingLiu are leading. In terms of growth, DeraWei, QingLiu, and Oudaxin show significant increases; in terms of ranking, QingLiu, Oudaxin, Xianke, Deercool, Tengyun, Rongshida, KKCO, and Peijier have all risen. Dividing by domestic and foreign brands, domestic brands hold a 94.5% share, while foreign brands hold a 5.5% share.

AVC (All View Cloud) conducts real data monitoring on newly opened 3-5 star chain hotel projects in 19 first-tier and new first-tier cities across the country, analyzing the scale, brands, and nature of brands for products that come with these hotels on a quarterly basis. According to the monitoring data, the top 10 refrigerator brands for newly opened 3-5 star chain hotels in 19 first-tier and new first-tier cities nationwide in 2024 are as follows:

Analysis of Hotel Management Groups: Looking at the leading hotel management groups, the top 10 hotel management groups for newly opened 3-5 star chain hotel projects in 19 first-tier and new first-tier cities, in terms of refrigerator supply, are Huazhu Group, Atour Group, Jinjiang Hotels (China Region), InterContinental Hotels Group, Hilton Hotels & Resorts, etc. The combined market share of the top 10 hotel management groups is 76.3%. In terms of growth rate, Guangzhou Yizhi Hotel Management Co., Ltd., Hunan Dolland Hotel Management Co., Ltd., Huazhu Group, Atour Group, and InterContinental Hotels Group have shown significant growth.

Hotel Management Group Analysis: From the perspective of leading hotel management groups, the top 10 hotel management groups for newly opened 3-5 star chain hotels with refrigerator facilities in first-tier and new first-tier 19 cities are: Huazhu Group, Atour Group, Jin Jiang Hotels (China Region), InterContinental Hotels Group, Hilton Hotels & Resorts, etc. The combined market share of the top ten hotel management groups is 76.3%. In terms of growth rate, Guangzhou Yizhi Hotel Management Co., Ltd., Hunan Duolanda Hotel Management Co., Ltd., Huazhu Group, Atour Group, and InterContinental Hotels Group, among others, have shown significant growth.

 

 

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