Global Commercial Refrigeration and Freezing Equipment Market Growth 2023-2029

Global Commercial Refrigeration and Freezing Equipment Market Growth 2023-2029

Commercial refrigeration and freezing equipment is a variety of equipment (food preservation, freezing, refrigeration and beverage preservation, display and sales) used in commercial service places (hotels, nightclubs, bars, cafes, restaurants, disco, KTV, yachts, schools, laboratories, hospitals and other special application places).
LPI (LP Information)' newest research report, the “Commercial Refrigeration and Freezing Equipment Industry Forecast” looks at past sales and reviews total world Commercial Refrigeration and Freezing Equipment sales in 2022, providing a comprehensive analysis by region and market sector of projected Commercial Refrigeration and Freezing Equipment sales for 2023 through 2029. With Commercial Refrigeration and Freezing Equipment sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Commercial Refrigeration and Freezing Equipment industry.
This Insight Report provides a comprehensive analysis of the global Commercial Refrigeration and Freezing Equipment landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Commercial Refrigeration and Freezing Equipment portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Commercial Refrigeration and Freezing Equipment market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Commercial Refrigeration and Freezing Equipment and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Commercial Refrigeration and Freezing Equipment.
The global Commercial Refrigeration and Freezing Equipment market size is projected to grow from US$ 17020 million in 2022 to US$ 23260 million in 2029; it is expected to grow at a CAGR of 23260 from 2023 to 2029.
China's demand for commercial refrigeration and freezing equipment is expanding, with sales in the country expected to grow 33.33 percent in 2026 compared with 2019.
In terms of product types, commercial display cabinets are the most favored in the market, accounting for about 56.75% of the market share of commercial refrigeration and freezing equipment in 2019. Commercial refrigerators accounted for 27.43%, followed by ice makers at 4.71%.
From the perspective of application, supermarkets will be the largest part of the market for a long time, accounting for about 46%-48% of the consumption of commercial refrigeration and freezing equipment. Supermarkets, restaurants and entertainment venues accounted for 48.53%, 24.53% and 17.79% respectively in 2019.
Major global manufacturers of commercial refrigeration and freezing equipment include Carrier Commercial Refrigeration, Haier, Hoshizaki International, Panasonic, etc. The Top 5 players share nearly 30% of the market and the Top 10 share more than 47%.
This report presents a comprehensive overview, market shares, and growth opportunities of Commercial Refrigeration and Freezing Equipment market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
Display Cabinets
Refrigerators & Freezers
Ice Machines
Others
Segmentation by application
Restaurants
Entertainment
Supermartkets
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Carrier Commercial Refrigeration
Haier
Hoshizaki International
Panasonic
Dover Corporation
Epta SpA
Zhejiang Xingxing
AHT Cooling Systems GmbH
Ali Group
Frigoglass
Aucma
Ugur Cooling
Metalfrio Solutions
Illinois Tool Works Inc
Liebherr
Arneg
Qingdao Hiron
True Manufacturing
YINDU KITCHEN EQUIPMENT
Auspicou
Manitowoc Ice

Key Questions Addressed in this Report
What is the 10-year outlook for the global Commercial Refrigeration and Freezing Equipment market?
What factors are driving Commercial Refrigeration and Freezing Equipment market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Commercial Refrigeration and Freezing Equipment market opportunities vary by end market size?
How does Commercial Refrigeration and Freezing Equipment break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.