Walk-in Coolers and Freezers Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Walk in Coolers and Freezers Market
The walk in coolers and freezers market size was valued at USD 11.93 billion in 2023, and the market is now projected to grow from USD 12.67 billion in 2024 to USD 20.22 billion by 2032, exhibiting a CAGR of 5.9% during the forecast period of 2024-2032.
The effect of COVID-19 on the walk-in coolers and freezers market was ambiguous. To begin with, on-site lock-down affected supplies, installation schedules and bottlenecks to production. Nevertheless, the demand surged higher as crucial industries such as grocery stores, supermarkets and healthcare procedures needed more refrigeration for food and drugs respectively. Due to shifted consumer behavior to buying groceries online and correct storage requirements for vaccines, it expanded. After the pandemic, there are more customers targeting food safety, longer shelf-life product, and other health sector requirements, which further support the existence of stable growth over the longer term.
Walk-in coolers and freezers are also changing through new trends including those based on energy efficiency, use of new technologies, and customer specific solutions. Low-energy systems that operate using environment friendly refrigerants are preferred, particularly due to emissions controls. Applying smart technology, such as IoT sensors, to track the temperature helps in recipes’ remote control and increases the level of food safety and decreases food waste. There is a puzzling trend of offering more options for overriding basic configurations catering for special requirements of such industries as supermarket chains, restaurants and health care institutions. Also, e-commerce and cold chain logistic have necessitated such units, and advances in technology make these units versatile and efficient. Thus, all the above mentioned factors are contributing towards the walk in coolers and freezers market growth.
The growth has been mainly propelled by the increase in world food consumption, use of refrigerated foods, and growth of countries’ hospitality industries. Supermarkets, restaurants and the food processing industries for instance depend on proper storage of their products under cold conditions in order to reduce wastage levels. Also, increased consumption of foods through buying groceries online and through e-commerce increases the demand for cold chain management. Currently, there is pressure from the environmental working environments in demanding installation of energy efficient systems with environmentally conscious refrigerants. In addition, the storage of vaccines and other sensitive equipment which is common in the healthcare industry also the growth of the cold storage market.
Comprehensive Analysis Walk in Coolers and Freezers Market
The market is segmented according to the type of units; walk-in coolers and freezers that are indoor type and the outdoor units and since most commercial kitchens and restaurants do not have extra space, the indoor units are more popular. Outdoor units are required for bigger and outside storage requirement. In respect to the application, major markets are commercial kitchens and restaurants, retails stores, and cold storage such as art work, cinema films, and pharmaceuticals. Other relevant applications include flowers preservation and other related sectors. Thus, the need for these systems remains on the increase, because there is increasing need for efficient and space saving storage solutions in different industries.
The access point refrigeration, specifically walk-in coolers and freezers market, is relatively lower in North America during the forecast period, because of the increasing demand across industries like foodservice, retail, and pharmaceuticals. The US and Canada have a strong cold chain infrastructure because of strong Food Safety policies regulating meat and poultry, and the growth of online grocery business. The increasing usage of the energy-efficient system and innovative refrigeration technologies also contribute to the expansion of the global market. Also there is continuity of innovation and most of the key manufactures are from North America which makes North America dominate this market.
Key players in this sector include Hussmann Corporation (Bridgeton, U.S.), Foster Refrigerator (Norfolk, U.K.), Arctic Walk in Coolers & Walk-In Freezers (Miami, U.S.), Stericox Sterilizer Systems India (Delhi, India), Kolpak (Parsons, U.S.), Danfoss A/S (Nordborg, Denmark), Beverage Air (Winston-Salem, U.S.), SRC Refrigeration (Sterling Heights, U.S.), Intertek Group plc (London, U.K.), Precision Refrigeration (Schuylerville, U.S.), Imperial Brown Inc. (Gresham, U.S.)
In the year 2024, there is increased awareness of using energy saving equipment within walk-in coolers and freezers with the latest enhanced refrigeration technology. Manufacturers are paying attention to using green refrigerants such as natural gases for their units which will satisfy sustainability strategies and policies. Further, IoT integrated smart walk in coolers are also being developed to monitor and maintain the temperatures effectively rid of issues in advance. Thus it adds flexibility to operation efficiency, decreased power usage, and the ability to meet legal demands for cleanliness. Also, there has been an increase in the use of walk-in coolers for niche markets like the pharmaceutical and florists.
Segmentation Table
ATTRIBUTE
DETAILS
Study Period
2019-2030
Base Year
2022
Estimated Year
2023
Forecast Period
2023-2030
Historical Period
2019-2021
Growth Rate
CAGR of 6.1% from 2023 to 2030
Unit
Value (USD million)
Segmentation
By Product Type, End-User, and Region
Segmentation
By Product Type
Rolling Flat Dies
Thread Rolling Cylindrical Dies
Rotary Type Thread Rolling Dies
Rack Type Rolling Dies
Trimming Dies
Round Dies
Others (Drill Point Dies)
By End-User
Automotive
White Goods
Medical
Cutlery
Consumer Electronics
General Engineering
Others (Marine)
By Region
North America (By Product Type, End-User and Country)
- U.S.
- Canada
- U.K.
- Germany
- France
- Italy
- Spain
- Russia
- BENELUX
- Nordics
- Rest of Europe
- China
- India
- Japan
- South Korea
- ASEAN
- Oceania
- Rest of Asia Pacific
- Israel
- Turkey
- GCC
- North Africa
- South Africa
- Rest of Middle East & Africa
- Brazil
- Argentina
- Rest of South America
- 1. Introduction
- 1.1. Definition, By Segment
- 1.2. Research Methodology/Approach
- 1.3. Data Sources
- 2. Executive Summary
- 3. Market Dynamics
- 3.1. Macro and Micro Economic Indicators
- 3.2. Drivers, Restraints, Opportunities and Trends
- 3.3. Impact of COVID-19 on Walk in Coolers and Freezers Market
- 3.3.1. Short-term Impact
- 3.3.2. Long-term Impact
- 4. Competition Landscape
- 4.1. Business Strategies Adopted by Key Players
- 4.2. Consolidated SWOT Analysis of Key Players
- 4.3. Porter’s Five Forces Analysis
- 4.4. Global Walk in Coolers and Freezers Market Share Analysis and Matrix, 2020
- 5. Key Market Insights and Strategic Recommendations
- 6. Profiles of Key Players (Would be provided for 10 players only)
- 6.1. Overview
- 6.1.1. Key Management
- 6.1.2. Headquarters etc.
- 6.2. Offerings/Business Segments
- 6.3. Key Details (Key details are subjected to data availability in public domain and/or on paid databases)
- 6.3.1. Employee Size
- 6.3.2. Past and Current Revenue
- 6.3.3. Geographical Share
- 6.3.4. Business Segment Share
- 6.4. Recent Developments
- 7. Primary Interview Responses
- 8. Annexure / Appendix
- 8.1. Global Walk in Coolers and Freezers Market Analysis, Insights and Forecast (Quantitative Data), By Segments, 2017-2028
- 8.1.1. By Type (Value)
- 8.1.1.1. Indoor
- 8.1.1.2. Outdoor
- 8.1.2. By Application (Value)
- 8.1.2.1. Commercial Kitchen and Restaurants
- 8.1.2.2. Retail Stores
- 8.1.2.3. Cold Storage Warehouse (Artwork, Cinema film, etc.)
- 8.1.2.4. Pharmaceuticals
- 8.1.2.5. Others (Floral Storage, etc.)
- 8.1.3. By Geography (Value)
- 8.1.3.1. North America
- 8.1.3.2. Europe
- 8.1.3.3. Asia Pacific
- 8.1.3.4. Middle East & Africa
- 8.1.3.5. South America
- 8.2. North America Walk in Coolers and Freezers Market Analysis, Insights and Forecast (Quantitative Data), By Segments, 2017-2028
- 8.2.1. By Type (Value)
- 8.2.1.1. Indoor
- 8.2.1.2. Outdoor
- 8.2.2. By Application (Value)
- 8.2.2.1. Commercial Kitchen and Restaurants
- 8.2.2.2. Retail Stores
- 8.2.2.3. Cold Storage Warehouse (Artwork, Cinema film, etc.)
- 8.2.2.4. Pharmaceuticals
- 8.2.2.5. Others (Floral Storage, etc.)
- 8.2.3. By Country (Value)
- 8.2.3.1. United States
- 8.2.3.1.1. By Application
- 8.2.3.1.1.1. Commercial Kitchen and Restaurants
- 8.2.3.1.1.2. Retail Stores
- 8.2.3.1.1.3. Cold Storage Warehouse (Artwork, Cinema film, etc.)
- 8.2.3.1.1.4. Pharmaceuticals
- 8.2.3.1.1.5. Others (Floral Storage, etc.)
- 8.2.3.2. Canada
- 8.2.3.2.1. By Application
- 8.2.3.2.1.1. Commercial Kitchen and Restaurants
- 8.2.3.2.1.2. Retail Stores
- 8.2.3.2.1.3. Cold Storage Warehouse (Artwork, Cinema film, etc.)
- 8.2.3.2.1.4. Pharmaceuticals
- 8.2.3.2.1.5. Others (Floral Storage, etc.)
- 8.2.3.3. Mexico
- 8.2.3.3.1. By Application
- 8.2.3.3.1.1. Commercial Kitchen and Restaurants
- 8.2.3.3.1.2. Retail Stores
- 8.2.3.3.1.3. Cold Storage Warehouse (Artwork, Cinema film, etc.)
- 8.2.3.3.1.4. Pharmaceuticals
- 8.2.3.3.1.5. Others (Floral Storage, etc.)
- 8.3. Europe Walk in Coolers and Freezers Market Analysis, Insights and Forecast (Quantitative Data), By Segments, 2017-2028
- 8.3.1. By Type (Value)
- 8.3.1.1. Indoor
- 8.3.1.2. Outdoor
- 8.3.2. By Application (Value)
- 8.3.2.1. Commercial Kitchen and Restaurants
- 8.3.2.2. Retail Stores
- 8.3.2.3. Cold Storage Warehouse (Artwork, Cinema film, etc.)
- 8.3.2.4. Pharmaceuticals
- 8.3.2.5. Others (Floral Storage, etc.)
- 8.3.3. By Country (Value)
- 8.3.3.1. United Kingdom
- 8.3.3.1.1. By Application
- 8.3.3.1.1.1. Commercial Kitchen and Restaurants
- 8.3.3.1.1.2. Retail Stores
- 8.3.3.1.1.3. Cold Storage Warehouse (Artwork, Cinema film, etc.)
- 8.3.3.1.1.4. Pharmaceuticals
- 8.3.3.1.1.5. Others (Floral Storage, etc.)
- 8.3.3.2. Germany
- 8.3.3.2.1. By Application
- 8.3.3.2.1.1. Commercial Kitchen and Restaurants
- 8.3.3.2.1.2. Retail Stores
- 8.3.3.2.1.3. Cold Storage Warehouse (Artwork, Cinema film, etc.)
- 8.3.3.2.1.4. Pharmaceuticals
- 8.3.3.2.1.5. Others (Floral Storage, etc.)
- 8.3.3.3. France
- 8.3.3.3.1. By Application
- 8.3.3.3.1.1. Commercial Kitchen and Restaurants
- 8.3.3.3.1.2. Retail Stores
- 8.3.3.3.1.3. Cold Storage Warehouse (Artwork, Cinema film, etc.)
- 8.3.3.3.1.4. Pharmaceuticals
- 8.3.3.3.1.5. Others (Floral Storage, etc.)
- 8.3.3.4. Italy
- 8.3.3.4.1. By Application
- 8.3.3.4.1.1. Commercial Kitchen and Restaurants
- 8.3.3.4.1.2. Retail Stores
- 8.3.3.4.1.3. Cold Storage Warehouse (Artwork, Cinema film, etc.)
- 8.3.3.4.1.4. Pharmaceuticals
- 8.3.3.4.1.5. Others (Floral Storage, etc.)
- 8.3.3.5. Spain
- 8.3.3.5.1. By Application
- 8.3.3.5.1.1. Commercial Kitchen and Restaurants
- 8.3.3.5.1.2. Retail Stores
- 8.3.3.5.1.3. Cold Storage Warehouse (Artwork, Cinema film, etc.)
- 8.3.3.5.1.4. Pharmaceuticals
- 8.3.3.5.1.5. Others (Floral Storage, etc.)
- 8.3.3.6. Russia
- 8.3.3.6.1. By Application
- 8.3.3.6.1.1. Commercial Kitchen and Restaurants
- 8.3.3.6.1.2. Retail Stores
- 8.3.3.6.1.3. Cold Storage Warehouse (Artwork, Cinema film, etc.)
- 8.3.3.6.1.4. Pharmaceuticals
- 8.3.3.6.1.5. Others (Floral Storage, etc.)
- 8.3.3.7. Benelux
- 8.3.3.7.1. By Application
- 8.3.3.7.1.1. Commercial Kitchen and Restaurants
- 8.3.3.7.1.2. Retail Stores
- 8.3.3.7.1.3. Cold Storage Warehouse (Artwork, Cinema film, etc.)
- 8.3.3.7.1.4. Pharmaceuticals
- 8.3.3.7.1.5. Others (Floral Storage, etc.)
- 8.3.3.8. Nordics
- 8.3.3.8.1. By Application
- 8.3.3.8.1.1. Commercial Kitchen and Restaurants
- 8.3.3.8.1.2. Retail Stores
- 8.3.3.8.1.3. Cold Storage Warehouse (Artwork, Cinema film, etc.)
- 8.3.3.8.1.4. Pharmaceuticals
- 8.3.3.8.1.5. Others (Floral Storage, etc.)
- 8.3.3.9. Rest of Europe
- 8.4. Asia Pacific Walk in Coolers and Freezers Market Analysis, Insights and Forecast (Quantitative Data), By Segments, 2017-2028
- 8.4.1. By Type (Value)
- 8.4.1.1. Indoor
- 8.4.1.2. Outdoor
- 8.4.2. By Application (Value)
- 8.4.2.1. Commercial Kitchen and Restaurants
- 8.4.2.2. Retail Stores
- 8.4.2.3. Cold Storage Warehouse (Artwork, Cinema film, etc.)
- 8.4.2.4. Pharmaceuticals
- 8.4.2.5. Others (Floral Storage, etc.)
- 8.4.3. By Country (Value)
- 8.4.3.1. China
- 8.4.3.1.1. By Application
- 8.4.3.1.1.1. Commercial Kitchen and Restaurants
- 8.4.3.1.1.2. Retail Stores
- 8.4.3.1.1.3. Cold Storage Warehouse (Artwork, Cinema film, etc.)
- 8.4.3.1.1.4. Pharmaceuticals
- 8.4.3.1.1.5. Others (Floral Storage, etc.)
- 8.4.3.2. India
- 8.4.3.2.1. By Application
- 8.4.3.2.1.1. Commercial Kitchen and Restaurants
- 8.4.3.2.1.2. Retail Stores
- 8.4.3.2.1.3. Cold Storage Warehouse (Artwork, Cinema film, etc.)
- 8.4.3.2.1.4. Pharmaceuticals
- 8.4.3.2.1.5. Others (Floral Storage, etc.)
- 8.4.3.3. Japan
- 8.4.3.3.1. By Application
- 8.4.3.3.1.1. Commercial Kitchen and Restaurants
- 8.4.3.3.1.2. Retail Stores
- 8.4.3.3.1.3. Cold Storage Warehouse (Artwork, Cinema film, etc.)
- 8.4.3.3.1.4. Pharmaceuticals
- 8.4.3.3.1.5. Others (Floral Storage, etc.)
- 8.4.3.4. South Korea
- 8.4.3.4.1. By Application
- 8.4.3.4.1.1. Commercial Kitchen and Restaurants
- 8.4.3.4.1.2. Retail Stores
- 8.4.3.4.1.3. Cold Storage Warehouse (Artwork, Cinema film, etc.)
- 8.4.3.4.1.4. Pharmaceuticals
- 8.4.3.4.1.5. Others (Floral Storage, etc.)
- 8.4.3.5. ASEAN
- 8.4.3.5.1. By Application
- 8.4.3.5.1.1. Commercial Kitchen and Restaurants
- 8.4.3.5.1.2. Retail Stores
- 8.4.3.5.1.3. Cold Storage Warehouse (Artwork, Cinema film, etc.)
- 8.4.3.5.1.4. Pharmaceuticals
- 8.4.3.5.1.5. Others (Floral Storage, etc.)
- 8.4.3.6. Oceania
- 8.4.3.6.1. By Application
- 8.4.3.6.1.1. Commercial Kitchen and Restaurants
- 8.4.3.6.1.2. Retail Stores
- 8.4.3.6.1.3. Cold Storage Warehouse (Artwork, Cinema film, etc.)
- 8.4.3.6.1.4. Pharmaceuticals
- 8.4.3.6.1.5. Others (Floral Storage, etc.)
- 8.4.3.7. Rest of Asia Pacific
- 8.5. Middle East & Africa Walk in Coolers and Freezers Market Analysis, Insights and Forecast (Quantitative Data), By Segments, 2017-2028
- 8.5.1. By Type (Value)
- 8.5.1.1. Indoor
- 8.5.1.2. Outdoor
- 8.5.2. By Application (Value)
- 8.5.2.1. Commercial Kitchen and Restaurants
- 8.5.2.2. Retail Stores
- 8.5.2.3. Cold Storage Warehouse (Artwork, Cinema film, etc.)
- 8.5.2.4. Pharmaceuticals
- 8.5.2.5. Others (Floral Storage, etc.)
- 8.5.3. By Country (Value)
- 8.5.3.1. Turkey
- 8.5.3.1.1. By Application
- 8.5.3.1.1.1. Commercial Kitchen and Restaurants
- 8.5.3.1.1.2. Retail Stores
- 8.5.3.1.1.3. Cold Storage Warehouse (Artwork, Cinema film, etc.)
- 8.5.3.1.1.4. Pharmaceuticals
- 8.5.3.1.1.5. Others (Floral Storage, etc.)
- 8.5.3.2. Israel
- 8.5.3.2.1. By Application
- 8.5.3.2.1.1. Commercial Kitchen and Restaurants
- 8.5.3.2.1.2. Retail Stores
- 8.5.3.2.1.3. Cold Storage Warehouse (Artwork, Cinema film, etc.)
- 8.5.3.2.1.4. Pharmaceuticals
- 8.5.3.2.1.5. Others (Floral Storage, etc.)
- 8.5.3.3. GCC
- 8.5.3.3.1. By Application
- 8.5.3.3.1.1. Commercial Kitchen and Restaurants
- 8.5.3.3.1.2. Retail Stores
- 8.5.3.3.1.3. Cold Storage Warehouse (Artwork, Cinema film, etc.)
- 8.5.3.3.1.4. Pharmaceuticals
- 8.5.3.3.1.5. Others (Floral Storage, etc.)
- 8.5.3.4. North Africa
- 8.5.3.4.1. By Application
- 8.5.3.4.1.1. Commercial Kitchen and Restaurants
- 8.5.3.4.1.2. Retail Stores
- 8.5.3.4.1.3. Cold Storage Warehouse (Artwork, Cinema film, etc.)
- 8.5.3.4.1.4. Pharmaceuticals
- 8.5.3.4.1.5. Others (Floral Storage, etc.)
- 8.5.3.5. South Africa
- 8.5.3.5.1. By Application
- 8.5.3.5.1.1. Commercial Kitchen and Restaurants
- 8.5.3.5.1.2. Retail Stores
- 8.5.3.5.1.3. Cold Storage Warehouse (Artwork, Cinema film, etc.)
- 8.5.3.5.1.4. Pharmaceuticals
- 8.5.3.5.1.5. Others (Floral Storage, etc.)
- 8.5.3.6. Rest of Middle East & Africa
- 8.6. South America Walk in Coolers and Freezers Market Analysis, Insights and Forecast (Quantitative Data), By Segments, 2017-2028
- 8.6.1. By Type (Value)
- 8.6.1.1. Indoor
- 8.6.1.2. Outdoor
- 8.6.2. By Application (Value)
- 8.6.2.1. Commercial Kitchen and Restaurants
- 8.6.2.2. Retail Stores
- 8.6.2.3. Cold Storage Warehouse (Artwork, Cinema film, etc.)
- 8.6.2.4. Pharmaceuticals
- 8.6.2.5. Others (Floral Storage, etc.)
- 8.6.3. By Country (Value)
- 8.6.3.1. Brazil
- 8.6.3.1.1. By Application
- 8.6.3.1.1.1. Commercial Kitchen and Restaurants
- 8.6.3.1.1.2. Retail Stores
- 8.6.3.1.1.3. Cold Storage Warehouse (Artwork, Cinema film, etc.)
- 8.6.3.1.1.4. Pharmaceuticals
- 8.6.3.1.1.5. Others (Floral Storage, etc.)
- 8.6.3.2. Argentina
- 8.6.3.2.1. By Application
- 8.6.3.2.1.1. Commercial Kitchen and Restaurants
- 8.6.3.2.1.2. Retail Stores
- 8.6.3.2.1.3. Cold Storage Warehouse (Artwork, Cinema film, etc.)
- 8.6.3.2.1.4. Pharmaceuticals
- 8.6.3.2.1.5. Others (Floral Storage, etc.)
- 8.6.3.3. Rest of South America
- 9. List of some of the companies (to name a few and not limited to) considered in the scope for understanding the market ecosystem/value chain. (Note that the purpose of the below list is to highlight the exhaustiveness of coverage. This does not necessarily mean that all the below companies would be profile in the scope. However, at the same, we are open to profile additional company(s) on specific request)
- 10. Hussmann Corporation
- 11. Foster Refrigerator
- 12. Arctic Walk-In Coolers & Walk-In Freezers
- 13. Stericox Sterilizer Systems India
- 14. Kolpak
- 15. Danfoss A/S
- 16. Beverage Air
- 17. SRC Refrigeration
- 18. Intertek Group plc
- 19. Precision Refrigeration
- 20. Imperial Brown Inc.
- 21. Nor-Lake, Inc.
- 22. Master-Bilt Products, LLC.
- 23. ABN Refrigeration Manufacturing
- 24. Emerson Electric Co.
- 25. Standex International Corporation
- 26. Viessmann
- 27. Canadian Curtis Refrigeration Inc.
- 28. Everidge, Inc.
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