Global Commercial Refrigeration Equipment Market 2024-2028
The commercial refrigeration equipment market is forecasted to grow by USD 14.85 bn during 2023-2028, accelerating at a CAGR of 6.66% during the forecast period. The report on the commercial refrigeration equipment market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by need to increase storage life of food products, market expansion by end-users, and growing focus on merchandising refrigerated food and beverages.
Technavio's commercial refrigeration equipment market is segmented as below:
By End-user
- Retail
- Restaurants
- Hotels
- Catering units
By Product
- Walk-in coolers
- Display cases
- Refrigerator for drinks
- Ice-making machines
- Freezers and others
By Geographical Landscape
- APAC
- Europe
- North America
- Middle East and Africa
- South America
This study identifies the growing demand for energy-efficient models of commercial refrigeration equipment as one of the prime reasons driving the commercial refrigeration equipment market growth during the next few years. Also, increasing number of launches related to refrigerated food and beverage products and product portfolio expansion in global commercial refrigeration equipment market will lead to sizable demand in the market.
The report on the commercial refrigeration equipment market covers the following areas:
- Commercial refrigeration equipment market sizing
- Commercial refrigeration equipment market forecast
- Commercial refrigeration equipment market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading commercial refrigeration equipment market vendors that include Ali Group S.r.l. a Socio Unico, Blue Star Ltd., Daikin Industries Ltd., Dover Corp., Electrolux AB, Felix Storch Inc., FUJIMAK Corp., HOSHIZAKI Corp., Illinois Tool Works Inc., Imbera, Lennox International Inc., Panasonic Holdings Corp., Standex International Corp., Tecumseh Products Co. LLC, TEFCOLD AS, The Middleby Corp., TURBO AIR Inc., UAB FREOR LT, Valpro Refrigeration, and WELBILT INC.. Also, the commercial refrigeration equipment market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.