Refrigeration Appliances in India

REFRIGERATION APPLIANCES
IN INDIA
Euromonitor International
January 2016
REFRIGERATION APPLIANCES IN INDIA
LIST OF CONTENTS AND TABLES

Headlines ..................................................................................................................................... 1
Trends .......................................................................................................................................... 1
Competitive Landscape ................................................................................................................ 2
Prospects ..................................................................................................................................... 3
Category Data .............................................................................................................................. 3
Table 1
Table 2
Table 3
Table 4
Table 5
Table 6
Table 7
Table 8
Table 9
Table 10
Table 11
Table 12
Table 13
Table 14
Table 15
Table 16
Table 17
Sales of Refrigeration Appliances by Category: Volume 2010-2015 ............ 3

Sales of Refrigeration Appliances by Category: Value 2010-2015 ............... 3
Sales of Refrigeration Appliances by Category: % Volume Growth
2010-2015 .................................................................................................... 4
Sales of Refrigeration Appliances by Category: % Value Growth
2010-2015 .................................................................................................... 4
Sales of Fridge Freezers by Format: % Volume 2010-2015......................... 5
Sales of Fridge Freezers by Static vs Frost-Free: % Volume 20102015 ............................................................................................................. 5
Sales of Fridge Freezers by Volume Capacity: % Volume 2010-2015 ......... 6
Sales of Fridges by Format: % Volume 2010-2015 ...................................... 6
Sales of Fridges by Volume Capacity: % Volume 2010-2015 ...................... 6
NBO Company Shares of Refrigeration Appliances: % Volume 20112015 ............................................................................................................. 6
LBN Brand Shares of Refrigeration Appliances: % Volume 2012-2015 ....... 7
NBO Company Shares of Freestanding Fridge Freezers: % Volume
2011-2015 .................................................................................................... 7
NBO Company Shares of Freestanding Fridges: % Volume 20112015 ............................................................................................................. 8
Forecast Sales of Refrigeration Appliances by Category: Volume
2015-2020 .................................................................................................... 8
Forecast Sales of Refrigeration Appliances by Category: Value 20152020 ............................................................................................................. 9
Forecast Sales of Refrigeration Appliances by Category: % Volume
Growth 2015-2020 ....................................................................................... 9
Forecast Sales of Refrigeration Appliances by Category: % Value
Growth 2015-2020 ..................................................................................... 10
Passport
REFRIGERATION APPLIANCES IN
INDIA
HEADLINES
Refrigeration appliances grows by 14% in retail volume terms to reach 12 million units in 2015
Rising disposable incomes and longer summers drive refrigeration appliances growth in India
Fridge freezers posts strong volume growth of 18% which helps refrigeration appliances to
grow despite the decline of fridges
The unit price of refrigeration appliances increases by 10% in 2015 due to inflation and rising
input costs
LG Electronics India Pvt Ltd continues to lead refrigeration appliances with a 24% volume
share in 2015
Refrigeration appliances is expected to grow by a retail volume CAGR of 11% over the
forecast period
TRENDS
Refrigeration appliances grew by 14% in retail volume terms and by 26% in retail current
value terms in 2015 to reach 12 million units and Rs296 billion respectively. The longer
summers in most parts of the country are leading to volume growth, whereas increased
disposable incomes are resulting in consumers purchasing higher value products, which
positively influences higher value growth as well.
The average unit price of refrigeration appliances grew by 10% in current value terms in 2015,
due to inflation in the country and increased demand for better quality high-priced products.
Increased disposable incomes and changes in urban lifestyles such as food habits resulted in
demand for upright refrigeration appliances growing.
The demand for refrigeration appliances from rural areas was subdued in 2015 due to the
monsoon. Agriculture remains the major source of income for consumers in rural India, which
was negatively impacted by the monsoon in most areas of the country. It caused a slowdown
in demand for consumer durables including refrigerators during the year.
Fridge freezers posted strong growth of 18% in volume terms and 28% in current retail value
terms in 2015, as a separate freezer compartment is becoming essential to households,
especially in urban areas. Changing eating habits such as increased consumption of frozen
foods, frozen desserts and meat products requires bigger freezer compartments and in
general higher volume capacity of refrigeration appliances. Therefore, the demand for fridge
freezers, especially higher capacity ones, is consistently increasing.
Built-in refrigeration appliances remained as a niche, particularly among retail customers in
2015. Customers in India prefer to have freestanding refrigeration appliances, giving them
greater flexibility when changing location or moving during relocation. Freestanding
appliances are perceived to be easier to maintain, service and clean.
Although several refrigeration appliance companies, such as Whirlpool of India Ltd, have
launched multi-door and other formats of products, double door (top freezer) remained as the
dominant type of fridge freezer with a 96% volume share in 2015. This is due to apathy on the
part of consumers as they have been used to this format for a long time.
Passport
The demand for other kinds of refrigeration appliances such as electric wine coolers and
freezers remains negligible for retail, as consumers believe that a fridge freezer can fulfil all of
their requirements.
Companies are trying to add value proposition to gain consumers attention. Leading
companies such as Samsung India Electronics Pvt Ltd are launching fridge freezers in which
the freezer compartment is higher in capacity than normal, and it can be converted to a fridge
when needed. This can help consumers to expand or contract the freezer capacity when the
situation demands.
COMPETITIVE LANDSCAPE
LG Electronics India Pvt Ltd continued to dominate refrigeration appliances in 2015 with a
24% volume share due to its longstanding presence and wider distribution network. Its close
competitor Samsung followed closely behind with a 23% volume share. This was due to the
marginally higher unit price charged by the latter compared to refrigeration appliances
charged by LG Electronics.
IFB Industries Ltd witnessed the highest volume growth of 37% in 2015 because of its smaller
base size of sales in 2014. Whirlpool and Godrej & Boyce Mfg Co Ltd registered strong
volume growth of 17% and 16% respectively among the established companies in
refrigeration appliances, as they increased their promotional activities during the year.
Within single door and double door refrigeration appliances, all companies compete by using
energy efficiency, volume capacity, interior design and aesthetics. Companies such as LG
Electronics market their refrigerators by comparing power consumption with CFL bulbs to
attract customers.
The cooling capacity of refrigerators during a power cut is also a major factor for promotions
as almost of all the states in India are power deficient and suffer from long power cuts,
especially in the summer. Therefore, LG Electronics advertisements claim that its refrigerators
can also run on an inverter during a power cut and can maintain cooling for longer.
Samsung bases its promotions on better shelf design for greater capacity. The company also
introduces a feature where the freezer compartment can be converted to a fridge if the need
arises.
The connected devices or app-controlled refrigeration appliances continue to be very niche in
India, yet as such, the products are perceived to be highly priced compared to the
convenience they offer.
Three out of the top five companies in refrigeration appliances in 2015 were international
multinational companies, which captured a combined 59% volume share because of their
huge marketing expenditure and longstanding presence in India. Two domestic companies,
Godrej & Boyce Mfg Co Ltd and Videocon Industries Ltd, rank in the top five due to their
experiences on a domestic level and lower pricing compared to foreign players. These
domestic companies held a combined 21% volume share in 2015.
Independent electronics and appliance specialist retailers continued to be a dominant
distribution channel for sales of refrigerators and it enjoyed an 80% volume share in 2015.
Most of the time, consumers are influenced by advertisements and they visit a companys
showroom to make a purchase from a genuine source.
Although growing by 98% in retail volume terms, internet retailing remained small in actual
sales terms with a 1% volume share of refrigeration appliances. The huge discounts and
offers on e-commerce websites helped it to grow rapidly, but most customers still prefer to
visit a store, especially those who are not particularly tech- savvy.
Passport
Passport
PROSPECTS
Refrigeration appliances is expected to grow by a retail volume CAGR of 11% and a 12%
value CAGR at constant 2015 prices over the forecast period. The improved economic
situation, higher disposable incomes and longer summers will be key reasons for growth.
Fridge freezers will continue to grow over the forecast period and register a volume CAGR of
13%, as well as a 13% value CAGR at constant 2015 prices. The growth in fridge freezers will
result in further growth for overall refrigeration appliances because fridges is estimated to
decline by a 1% volume CAGR over the forecast period.
Built-in refrigeration appliances, electric wine coolers and freezers will continue to be niche in
the near future, as no specific marketing activities or change in consumer behaviour will
become evident.
There are several companies that will focus on freezers for retail customers to leverage the
changing eating habits of city dwellers, but the demand for freezers in retail is not anticipated
to grow drastically over the forecast period.
CATEGORY DATA
Table 1
Sales of Refrigeration Appliances by Category: Volume 2010-2015
'000 units
Built-in Refrigeration
Appliances
Freestanding
Refrigeration Appliances
Electric Wine Coolers/
Chillers
- Built-in Electric
Wine Coolers/Chillers
- Freestanding
Chillers
Freezers
- Built-in Freezers
- Freestanding Freezers
Fridge Freezers
- Built-in Fridge
Freezers
- Freestanding Fridge
Freezers
Fridges
- Built-in Fridges
- Freestanding Fridges
2010
2011
2012
2013
2014
2015
7,863.9
8,238.2
8,732.5
9,181.6
10,283.4
11,723.1
4,954.2
-
5,602.0
-
6,296.1
-
6,794.4
-
7,969.6
-
9,437.1
-
4,954.2
5,602.0
6,296.1
6,794.4
7,969.6
9,437.1
2,909.6
2,909.6
7,863.9
2,636.2
2,636.2
8,238.2
2,436.4
2,436.4
8,732.5
2,387.2
2,387.2
9,181.6
2,313.8
2,313.8
10,283.4
2,286.0
2,286.0
11,723.1
Source:
Euromonitor International from official statistics, trade associations, trade press, company research,
store checks, trade interviews, trade sources
Table 2
Sales of Refrigeration Appliances by Category: Value 2010-2015
Passport
INR million
Appliances
Freestanding
Chillers
- Built-in Electric
- Freestanding
Chillers
Freezers
- Built-in Freezers
Fridge Freezers
- Built-in Fridge
Freezers
Freezers
Fridges
- Built-in Fridges
Source:
2010
2011
2012
2013
2014
2015
117,953.2
140,745.9
163,799.9
187,461.4
235,214.8
295,559.4
96,627.8
-
119,768.2
-
143,498.1
-
167,171.3
-
214,762.3
-
274,746.2
-
96,627.8
119,768.2
143,498.1
167,171.3
214,762.3
274,746.2
21,325.4
21,325.4
117,953.2
20,977.8
20,977.8
140,745.9
20,301.9
20,301.9
163,799.9
20,290.1
20,290.1
187,461.4
20,452.4
20,452.4
235,214.8
20,813.2
20,813.2
295,559.4
Table 3
Sales of Refrigeration Appliances by Category: % Volume Growth 2010-2015
% volume growth
Built-in Refrigeration Appliances

Freestanding Refrigeration Appliances
Electric Wine Coolers/Chillers
- Built-in Electric Wine Coolers/
Chillers
- Freestanding Electric Wine Coolers/
Chillers
Freezers
- Built-in Freezers
Fridge Freezers
- Built-in Fridge Freezers
- Freestanding Fridge Freezers
Fridges
- Built-in Fridges
Source:
Table 4
2014/15
2010-15 CAGR
2010/15 Total
14.0
-
8.3
-
49.1
-
18.4
18.4
-1.2
-1.2
14.0
13.8
13.8
-4.7
-4.7
8.3
90.5
90.5
-21.4
-21.4
49.1
Sales of Refrigeration Appliances by Category: % Value Growth 2010-2015
% current value growth
Passport

Chillers
Chillers
Freezers
- Built-in Freezers
Fridge Freezers
Fridges
- Built-in Fridges
Source:
2014/15
2010-15 CAGR
2010/15 Total
25.7
-
20.2
-
150.6
-
27.9
27.9
1.8
1.8
25.7
23.2
23.2
-0.5
-0.5
20.2
184.3
184.3
-2.4
-2.4
150.6
Table 5
Sales of Fridge Freezers by Format: % Volume 2010-2015
% retail volume
Single Door
Double Door (Bottom
Freezer)
Double Door (Top Freezer)
Side-by-Side
Side-by-Side w/ Dispenser
Side-by-Side w/out
Dispenser
3-Door
3-Door w/ Dispenser
3-Door French Door w/
Dispenser
3-Door Vertical Door w/
Dispenser
3-Door w/out Dispenser
3-Door French Door w/
out Dispenser
3-Door Vertical Door w/
out Dispenser
4-Door+ Combinations
Total
Source:
2010
2011
2012
2013
2014
2015
0.5
0.5
0.6
0.6
0.6
0.6
97.4
0.2
0.1
0.1
96.9
0.2
0.1
0.1
96.6
0.2
0.1
0.1
96.4
0.2
0.1
0.1
96.2
0.2
0.1
0.1
96.0
0.2
0.1
0.2
2.0
0.6
0.2
2.1
0.6
0.2
2.2
0.7
0.2
2.3
0.7
0.2
2.4
0.7
0.2
2.4
0.7
0.2
0.4
0.4
0.5
0.5
0.5
0.5
1.4
0.4
1.5
0.4
1.5
0.5
1.6
0.5
1.7
0.5
1.7
0.5
1.0
1.0
1.1
1.1
1.2
1.2
100.0
0.4
100.0
0.5
100.0
0.5
100.0
0.7
100.0
0.8
100.0
Table 6
Sales of Fridge Freezers by Static vs Frost-Free: % Volume 2010-2015
% retail volume
Frost-Free
2010
2011
2012
2013
2014
2015
92.0
94.0
95.0
96.0
96.0
96.2
Static
Total
Source:
Passport
8.0
100.0
6.0
100.0
5.0
100.0
4.0
100.0
4.0
100.0
3.8
100.0
Table 7
Sales of Fridge Freezers by Volume Capacity: % Volume 2010-2015
% retail volume
<142 litre (<5 cu ft)

142-340 litre (5-12 cu
ft)
341-510 litre (12.1-18
cu ft)
511-595 litre (18.1-21
cu ft)
>595 litre (>21 cu ft)
Total
Source:
2010
2011
2012
2013
2014
2015
84.9
82.5
80.6
79.4
78.6
78.0
13.2
15.2
16.7
17.5
18.0
18.2
1.5
1.8
2.1
2.3
2.4
2.6
0.5
100.0
0.6
100.0
0.7
100.0
0.8
100.0
1.0
100.0
1.2
100.0
Table 8
Sales of Fridges by Format: % Volume 2010-2015
% retail volume
Compact
Table-Top
Upright
Drawer Fridge
Total
Source:
2010
2011
2012
2013
2014
2015
6.5
4.5
89.0
100.0
6.0
4.0
90.0
100.0
5.5
3.5
91.0
100.0
4.8
3.7
91.5
100.0
4.6
3.8
91.7
100.0
4.0
4.0
92.0
100.0
Table 9
Sales of Fridges by Volume Capacity: % Volume 2010-2015
% retail volume
<142 litre (<5 cu ft)

142-340 litre (5-12 cu
ft)
341-510 litre (12.1-18
cu ft)
511-595 litre (18.1-21
cu ft)
>595 litre (>21 cu ft)
Total
Source:
Table 10
2010
2011
2012
2013
2014
2015
17.1
82.9
13.0
87.0
9.5
90.5
6.8
93.2
6.5
93.5
6.3
93.7
100.0
100.0
100.0
100.0
100.0
100.0
NBO Company Shares of Refrigeration Appliances: % Volume 2011-2015
% retail volume
Company
LG Electronics India
Pvt Ltd
Samsung India
Electronics Pvt Ltd
Godrej & Boyce Mfg Co Ltd
Whirlpool of India Ltd
Videocon Industries Ltd
Haier Appliances India
Pvt Ltd
Panasonic Home
Appliances India Co Ltd
Electrolux AB
IFB Industries Ltd
Hitachi Home & Life
Solutions (India) Ltd
Others
Total
Source:
2011
2012
2013
2014
2015
25.1
24.6
24.2
24.2
24.2
23.5
23.0
23.2
22.8
22.6
13.6
12.7
9.5
2.4
12.8
12.0
9.2
2.9
12.5
12.1
8.8
4.6
12.3
12.2
8.6
5.0
12.6
12.5
8.4
4.8
1.5
1.6
2.3
2.4
2.4
5.1
0.2
4.4
0.4
0.5
3.1
0.4
0.6
2.5
0.6
0.6
1.9
0.7
0.6
6.4
100.0
8.6
100.0
8.3
100.0
8.8
100.0
9.3
100.0
Table 11
LBN Brand Shares of Refrigeration Appliances: % Volume 2012-2015
% retail volume
Brand (GBO)
LG (LG Corp)
Samsung (Samsung
Corp)
Godrej
Whirlpool
(Whirlpool Corp)
Videocon
Haier (Haier Group)
Panasonic
(Panasonic Corp)
Electrolux
IFB
Hitachi (Hitachi Ltd)
Others
Total
Source:
Passport
Company (NBO)
2012
2013
2014
2015
Pvt Ltd
Samsung India
Electronics Pvt Ltd
24.6
24.2
24.2
24.2
23.0
23.2
22.8
22.6
12.8
12.0
12.5
12.1
12.3
12.2
12.6
12.5
9.2
2.9
8.8
4.6
8.6
5.0
8.4
4.8
1.6
2.3
2.4
2.4
4.4
0.4
0.5
3.1
0.4
0.6
2.5
0.6
0.6
1.9
0.7
0.6
8.6
100.0
8.3
100.0
8.8
100.0
9.3
100.0

Pvt Ltd
Panasonic Home
Electrolux AB
IFB Industries Ltd
Hitachi Home & Life
Others
Total
Table 12
NBO Company Shares of Freestanding Fridge Freezers: % Volume 20112015
% retail volume
Company
2011
2012
2013
2014
2015
26.0
25.4
25.5
25.2
24.5
Passport
Pvt Ltd
Samsung India
Electronics Pvt Ltd
Pvt Ltd
Panasonic Home
Electrolux AB
IFB Industries Ltd
Hitachi Home & Life
BPL Sanyo Utilities &
Appliances Ltd
Others
Total
Source:
25.2
25.7
24.7
23.7
13.4
12.2
7.8
2.3
12.5
11.9
7.9
2.9
12.9
12.0
7.9
4.3
12.7
11.8
7.8
4.5
12.8
11.6
7.4
4.2
2.2
2.2
3.1
3.0
3.0
3.0
0.4
2.6
0.6
0.7
1.5
0.5
0.8
1.2
0.8
0.8
0.9
0.9
0.8
6.8
100.0
8.1
100.0
5.7
100.0
7.5
100.0
10.2
100.0
Table 13
NBO Company Shares of Freestanding Fridges: % Volume 2011-2015
% retail volume
Company
Pvt Ltd
Samsung India
Electronics Pvt Ltd
Pvt Ltd
Electrolux AB
Others
Total
Source:
26.0
2011
2012
2013
2014
2015
23.3
22.4
20.5
20.9
22.6
18.2
17.4
16.0
16.4
17.8
16.6
13.2
11.1
2.5
15.2
12.6
10.6
3.2
13.8
11.4
9.8
5.3
14.1
11.3
10.4
6.7
16.7
12.6
11.5
7.4
9.7
5.4
100.0
8.9
9.7
100.0
7.4
15.8
100.0
6.8
13.4
100.0
5.9
5.5
100.0
Table 14
Forecast Sales of Refrigeration Appliances by Category: Volume 2015-2020
'000 units
Appliances
Freestanding
Chillers
- Built-in Electric
- Freestanding
Chillers
2015
2016
2017
2018
2019
2020
11,723.1
13,247.1
14,836.7
16,468.8
18,115.6
19,746.0
Freezers
- Built-in Freezers
Fridge Freezers
- Built-in Fridge
Freezers
Freezers
Fridges
- Built-in Fridges
Source:
Passport
9,437.1
-
10,981.8
-
12,589.0
-
14,237.2
-
15,896.5
-
17,538.4
-
9,437.1
10,981.8
12,589.0
14,237.2
15,896.5
17,538.4
2,286.0
2,286.0
11,723.1
2,265.3
2,265.3
13,247.1
2,247.8
2,247.8
14,836.7
2,231.5
2,231.5
16,468.8
2,219.2
2,219.2
18,115.6
2,207.6
2,207.6
19,746.0
Euromonitor International from trade associations, trade press, company research, trade interviews,
trade sources
Table 15
Forecast Sales of Refrigeration Appliances by Category: Value 2015-2020
INR million
Appliances
Freestanding
Chillers
- Built-in Electric
- Freestanding
Chillers
Freezers
- Built-in Freezers
Fridge Freezers
- Built-in Fridge
Freezers
Freezers
Fridges
- Built-in Fridges
Source:
2015
2016
2017
2018
2019
2020
295,559.4
343,245.2
390,645.0
433,865.5
475,019.0
512,134.7
274,746.2
-
323,230.1
-
371,392.4
-
415,325.7
-
457,106.0
-
494,818.8
-
274,746.2
323,230.1
371,392.4
415,325.7
457,106.0
494,818.8
20,813.2
20,813.2
295,559.4
20,015.2
20,015.2
343,245.2
19,252.5
19,252.5
390,645.0
18,539.8
18,539.8
433,865.5
17,913.0
17,913.0
475,019.0
17,315.8
17,315.8
512,134.7
trade sources
Table 16
Forecast Sales of Refrigeration Appliances by Category: % Volume Growth

2015-2020
% volume growth

Chillers
2015/16
2015-20 CAGR
2015/20 Total
13.0
-
11.0
-
68.4
-

Chillers
Freezers
- Built-in Freezers
Fridge Freezers
Fridges
- Built-in Fridges
Source:
Table 17
Passport
16.4
16.4
-0.9
-0.9
13.0
13.2
13.2
-0.7
-0.7
11.0
85.8
85.8
-3.4
-3.4
68.4
trade sources
Forecast Sales of Refrigeration Appliances by Category: % Value Growth

2015-2020
% constant value growth

Chillers
Chillers
Freezers
- Built-in Freezers
Fridge Freezers
Fridges
- Built-in Fridges
Source:
2015/2016
2015-20 CAGR
2015/20 TOTAL
16.1
-
11.6
-
73.3
-
17.6
17.6
-3.8
-3.8
16.1
12.5
12.5
-3.6
-3.6
11.6
80.1
80.1
-16.8
-16.8
73.3
trade sources
10

Refrigeration Appliances in India

Diunggah oleh

Informasi Dokumen

Hak Cipta

Format Tersedia

Bagikan dokumen Ini

Bagikan atau Tanam Dokumen

Opsi Berbagi

Apakah menurut Anda dokumen ini bermanfaat?

Apakah konten ini tidak pantas?

Hak Cipta:

Format Tersedia

Refrigeration Appliances in India

Diunggah oleh

Hak Cipta:

Format Tersedia

REFRIGERATION APPLIANCES

REFRIGERATION APPLIANCES IN INDIA

LIST OF CONTENTS AND TABLES

Sales of Refrigeration Appliances by Category: Volume 2010-2015 ............ 3

REFRIGERATION APPLIANCES IN INDIA

REFRIGERATION APPLIANCES IN INDIA

REFRIGERATION APPLIANCES IN INDIA

Sales of Refrigeration Appliances by Category: Volume 2010-2015

Sales of Refrigeration Appliances by Category: Value 2010-2015

REFRIGERATION APPLIANCES IN INDIA

Sales of Refrigeration Appliances by Category: % Volume Growth 2010-2015

Built-in Refrigeration Appliances

Sales of Refrigeration Appliances by Category: % Value Growth 2010-2015

% current value growth

REFRIGERATION APPLIANCES IN INDIA

Built-in Refrigeration Appliances

Sales of Fridge Freezers by Format: % Volume 2010-2015

Sales of Fridge Freezers by Static vs Frost-Free: % Volume 2010-2015

REFRIGERATION APPLIANCES IN INDIA

Sales of Fridge Freezers by Volume Capacity: % Volume 2010-2015

<142 litre (<5 cu ft)

Sales of Fridges by Format: % Volume 2010-2015

Sales of Fridges by Volume Capacity: % Volume 2010-2015

<142 litre (<5 cu ft)

NBO Company Shares of Refrigeration Appliances: % Volume 2011-2015

REFRIGERATION APPLIANCES IN INDIA

LBN Brand Shares of Refrigeration Appliances: % Volume 2012-2015

Videocon Industries Ltd

NBO Company Shares of Freestanding Fridge Freezers: % Volume 20112015

REFRIGERATION APPLIANCES IN INDIA

NBO Company Shares of Freestanding Fridges: % Volume 2011-2015

Forecast Sales of Refrigeration Appliances by Category: Volume 2015-2020

REFRIGERATION APPLIANCES IN INDIA

Forecast Sales of Refrigeration Appliances by Category: Value 2015-2020

Forecast Sales of Refrigeration Appliances by Category: % Volume Growth

Built-in Refrigeration Appliances

REFRIGERATION APPLIANCES IN INDIA

- Freestanding Electric Wine Coolers/

Forecast Sales of Refrigeration Appliances by Category: % Value Growth

% constant value growth

Built-in Refrigeration Appliances

Anda mungkin juga menyukai