Global Commercial Refrigeration Equipment: Food Retail Market

Global Commercial Refrigeration Equipment: Food Retail Market

Global demand for commercial refrigeration equipment used in the food retail market is projected to climb 2.1% per annum through 2024, faster than the modest gains recorded between 2014 and 2019. Although the COVID-19 pandemic produced a sharp drop in commercial refrigeration equipment sales for food and beverage applications, demand is expected to rebound during the post-pandemic period as global economic conditions stabilize and restrictions on businesses and people are lifted. Among the other factors that will contribute to the recovery are advances in consumer spending; increased replacement of older commercial refrigeration machinery; and the adoption of newly developed, advanced refrigeration technologies by food and beverage retailers.

The commercial refrigeration equipment products covered in this study include:
Display Cases
Reach-Ins & Walk-Ins
Beverage Refrigeration Equipment
Ice Machines
Refrigerated Vending Machines
Other Commercial Refrigeration Equipment
Parts

Data on commercial refrigeration equipment used in the food market is provided for 19 nations in the following regions:
North America
Central & South America
Western Europe
Eastern Europe
Asia/Pacific
Africa/Mideast

Scope of the Report
This report covers the scope, size, and growth of the global market for commercial refrigeration equipment used in food retail, including demand by product. Historical figures are provided for 2009, 2014, and 2019 with forecasts for 2024 and 2029. Demand is presented in millions of dollars.