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Global Commercial Refrigeration Market Size, Trends & Growth Opportunity, By Type (Beverage Refrigerator, Freezers & Refrigerators, Transportation Refrigerators, Glass Door Merchandisers, Display Cases, Beverage Dispensers), By Application (Food Service, Food and Beverage Retail, Food and Beverage Distribution, Food and Beverage Wholesalers, Transportation Refrigeration), By End User (Supermarkets, HoReCa (Hotels, Restaurants and Cafe), Convenient Store, Catering Services, Others) By Region and Forecast till 2027.


Report ID : IR100736 | Industries : Automotive and Transportation | Published On :March 2024 | Page Count : 3

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  • Global Commercial Refrigeration Market Size, Trends & Growth Opportunity, By Type (Beverage Refrigerator, Freezers & Refrigerators, Transportation Refrigerators, Glass Door Merchandisers, Display Cases, Beverage Dispensers), By Application (Food Service,  Food and Beverage Retail,  Food and Beverage Distribution,  Food and Beverage Wholesalers, Transportation Refrigeration), By End User (Supermarkets, HoReCa (Hotels, Restaurants and Cafe), Convenient Store, Catering Services, Others) By Region and Forecast till 2027.

     

    Global Commercial Refrigeration Market
    The global Commercial Refrigeration market was valued at USD 34,380.80 million in 2021 which expected to reach USD 48,970.30 million by 2027 at a CAGR 5.18% from 2022-2027.
    Equipment used in cold storage for businesses is referred to as commercial refrigeration. Supermarkets, specialty food stores, convenience stores, and grocery stores frequently have reach-in refrigerators and freezers. The walk-in freezers and refrigerators used in cafeterias and restaurants are examples of commercial refrigeration equipment.

     

    Market Drivers
    To produce, process, and transport food to billions of households worldwide, the food processing business needs tools and solutions. It supports an intricate value chain that spans everything from agriculture to logistics. The importance of this sector has increased as the world's population has increased and as dietary habits have changed as a result of rising earnings and a move towards value-added products. The demand for fresh and processed fruits and vegetables has increased as discretionary incomes in emerging economies have increased. 

     

    Market Restraints
    The market's expansion is expected to be constrained by the equipment' high purchasing costs. The cost of this equipment varies according to its size because commercial refrigerators, freezers, and other appliances are designed to fit into huge rooms. 
    As a result, it becomes difficult to afford to buy and maintain such large gear. The failure of consumers to understand how to operate commercial refrigeration equipment effectively is a significant barrier to the market's expansion. 

     

    Impact of COVID-19 
    According to estimates, the pandemic will have an effect on a number of variables along the value chain of the market for commercial refrigeration equipment, which is anticipated to manifest itself during the forecast period. The Covid-19 Influence had a substantial financial and industrial impact on a number of industries, including travel and tourism, production, building, and aviation. 
    Commercial refrigeration equipment's end users, including hotels, restaurants, supermarkets, hypermarkets, convenience stores, and bakeries, have been harmed. The stringent lockdown and curfew imposed in the majority of countries to stop the spread of COVID-19 had a particularly negative impact on the hotel, restaurant, and bakery industries. 

     

    Market Segmentation
    The Global Commercial Refrigeration Market is segmented into Type, Application, Distribution Channel and Growing System. By Type such as Beverage Refrigerator, Freezers & Refrigerators, Transportation Refrigerators, Glass Door Merchandisers, Display Cases, Beverage Dispensers. By Application such as Food Service, Food and Beverage Retail, Food and Beverage Distribution, Food and Beverage Wholesalers, Transportation Refrigeration. By End User such as Supermarkets, HoReCa (Hotels, Restaurants and Cafe), Convenient Store, Catering Services, Others. 

     

    Regional Analysis
    Global Commercial Refrigeration Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Asia-Pacific dominated the market and accounted for the largest revenue share of 35.72% in 2021. The region is expected to continue its dominance over the forecast period. Increasing population in the region, improving economic conditions, such as rising GDP & disposable incomes. North America is expected to grow at significant growth rate, as end use such as Supermarkets & HoReCa (Hotels, Restaurants and Cafe) segment are growing in the country.

     

    Key Players
    Various key players are listed in this report such as Illinois Tool Works Inc, Frigoglass SAIC, Dover Corporation, Arneg S.p.A, Daikin Industries, Ltd, Blue Star Limited, Panasonic Corporation, Standex International Corporation, Electrolux AB, GEA Group AG

     

    Market Taxonomy
    By Type

    • Beverage Refrigerator,
    •  Freezers & Refrigerators
    •  Transportation Refrigerators
    •  Glass Door Merchandisers
    •  Display Cases
    •  Beverage Dispensers

     

    By Application
    • Food Service
    • Food and Beverage Retail
    • Food and Beverage Distribution
    • Food and Beverage Wholesalers
    • Transportation Refrigeration 

     

    By End User
    • Supermarkets
    • HoReCa (Hotels, Restaurants and Cafe)
    • Convenient Store
    • Catering Services
    • Others 

     

    By Region
    • North America
    • Latin America
    • Asia Pacific
    • Middle East & Africa

     

    Key Questions Addressed by the Report
    • What are the Key Opportunities in Global Commercial Refrigeration Market?
    • What will be the growth rate from 2022 to 2027?
    • Which segment/region will have highest growth?
    • What are the factors that will impact/drive the Market?
    • What is the competitive Landscape in the Industry?
    • What is the role of key players in the value chain?

    Global Commercial Refrigeration Market 
    1 Introduction 
    1.1 Objective of the Study
    1.2 Market definition
    1.3 Market Scope
    2 Research Methodology
    2.1 Data Mining
    2.2 Validation
    2.3 Primary Interviews
    2.4 List of Data Sources
    3 Executive Summary
    4 Global Commercial Refrigeration Market Outlook
    4.1 Overview
    4.2 Market Dynamics
    4.2.1 Drivers
    4.2.2 Restraints
    4.2.3 Opportunities
    4.3 Porters Five Force Model
    4.4 Value Chain Analysis
    5 Global Commercial Refrigeration Market, By Type
    5.1 Y-o-Y Growth Comparison, By Type 
    5.2 Global Commercial Refrigeration Market Share Analysis, By Type 
    5.3 Global Commercial Refrigeration Market Size and Forecast, By Type
    5.3.1 Beverage Refrigerator
    5.3.2 Freezers & Refrigerators
    5.3.3 Transportation Refrigerators
    5.3.4 Glass Door Merchandisers
    5.3.5 Display Cases
    5.3.6 Beverage Dispensers
    6 Global Commercial Refrigeration Market, By Application
    6.1 Y-o-Y Growth Comparison, By Application
    6.2 Global Commercial Refrigeration Market Share Analysis, By Application
    6.3 Global Commercial Refrigeration Market Size and Forecast, By Application
    6.3.1 Food Service
    6.3.2 Food and Beverage Retail
    6.3.3 Food and Beverage Distribution
    6.3.4 Food and Beverage Wholesalers
    6.3.5  Transportation Refrigeration
    7 Global Commercial Refrigeration Market, By End User
    7.1 Y-o-Y Growth Comparison, By End User
    7.2 Global Commercial Refrigeration Market Share Analysis, By End User
    7.3 Global Commercial Refrigeration Market Size and Forecast, By End User
    7.3.1     Supermarkets
    7.3.2 HoReCa (Hotels, Restaurants and Cafe)
    7.3.3 Convenient Store
    7.3.4 Catering Services
    7.3.5 Others 
    8 Global Commercial Refrigeration Market, By Region
    8.1 Global Commercial Refrigeration Market Share Analysis, By Region
    8.2 Global Commercial Refrigeration Market Share Analysis, By Region
    8.3 Global Commercial Refrigeration Market Size and Forecast, By Region
    9 North America Commercial Refrigeration Market Analysis and Forecast (2022-2027)
    9.1 Introduction
    9.2 North America Commercial Refrigeration Market Share Analysis, By Type
    9.3 North America Commercial Refrigeration Market Size and Forecast, By Application
    9.4 North America Commercial Refrigeration Market Size and Forecast, By End User
    9.6 North America Commercial Refrigeration Market Size and Forecast, By Country
    9.7.1 U.S.
    9.7.2 Canada
    9.7.3 Mexico
    10 Europe Commercial Refrigeration Market Analysis and Forecast (2022-2027)
    10.1 Introduction
    10.2 Europe Commercial Refrigeration Market Share Analysis, By Type 
    10.3 Europe Commercial Refrigeration Market Size and Forecast, By Application 
    10.4 Europe Commercial Refrigeration Market Size and Forecast, By End User
    10.6 Europe Commercial Refrigeration Market Size and Forecast, By Country
    10.6.1 Germany
    10.6.2 France
    10.6.3 UK
    10.6.4. Rest of Europe
    11 Asia Pacific Commercial Refrigeration Market Analysis and Forecast (2022-2027)
    11.1 Introduction
    11.2 Asia Pacific Commercial Refrigeration Market Share Analysis, By Type 
    11.3 Asia Pacific Commercial Refrigeration Market Size and Forecast, By Application 
    11.4 Asia Pacific Commercial Refrigeration Market Size and Forecast, By End User
    11.6 Asia Pacific Commercial Refrigeration Market Size and Forecast, By Country
    11.6.1 China 
    11.7.2 Japan
    11.8.3 India
    11.8.4. Rest of Asia Pacific
    12 Latin America Commercial Refrigeration Market Analysis and Forecast (2022-2027)
    12.1 Introduction
    12.2 Latin America Commercial Refrigeration Market Share Analysis, By Type 
    12.3 Latin America Commercial Refrigeration Market Size and Forecast, By Application 
    12.4 Latin America Commercial Refrigeration Market Size and Forecast, By End User
    12.6 Latin America Commercial Refrigeration Market Size and Forecast, Country
    12.7.1. Brazil
    12.8.2. Rest of Latin America
    13 Middle East Commercial Refrigeration Market Analysis and Forecast (2022-2027)
    13.1 Introduction
    13.2 Middle East Commercial Refrigeration Market Share Analysis, By Type 
    13.3 Middle East Commercial Refrigeration Market Size and Forecast, By Application 
    13.4 Middle East Commercial Refrigeration Market Size and Forecast, By End User
    13.6 Middle East Commercial Refrigeration Market Size and Forecast, By Country
    13.7.1. Saudi Arabia
    13.8.2. UAE
    13.8.3. Egypt
    13.9.4. Kuwait
    13.10.5. South Africa
    14 Competitive Analysis
    14.1 Competition Dashboard
    14.2 Market share Analysis of Top Vendors
    14.3 Key Development Strategies
    15 Company Profiles
    15.1 Illinois Tool Works Inc
    15.1.1 Overview
    15.1.2 Types
    15.1.3 Key Financials
    15.1.4 Business Segment & Geographic Overview
    15.1.5 Key Market Developments
    15.1.6 Key Strategies
    15.2. Frigoglass SAIC
    15.2.1 Overview
    15.2.2 Types
    15.2.3 Key Financials
    15.2.4 Business Segment & Geographic Overview
    15.2.5 Key Market Developments
    15.2.6 Key Strategies
    15.3. Dover Corporation
    15.3.1 Overview
    15.3.2 Types
    15.3.3 Key Financials
    15.3.4 Business Segment & Geographic Overview
    15.3.5 Key Market Developments
    15.3.6 Key Strategies
    15.4 Arneg S.p.A
    15.4.1 Overview
    15.4.2 Types
    15.4.3 Key Financials
    15.4.4 Business Segment & Geographic Overview
    15.4.5 Key Market Developments
    15.4.6 Key Strategies
    15.5 Daikin Industries, Ltd
    15.5.1 Overview
    15.5.2 Types
    15.5.3 Key Financials
    15.5.4 Business Segment & Geographic Overview
    15.5.5 Key Market Developments
    15.5.6 Key Strategies
    15.6 Blue Star Limited
    15.6.1 Overview
    15.6.2 Types
    15.6.3 Key Financials
    15.6.4 Business Segment & Geographic Overview
    15.6.5 Key Market Developments
    15.6.6 Key Strategies
    15.7 Panasonic Corporation
    15.7.1 Overview
    15.7.2 Types
    15.7.3 Key Financials
    15.7.4 Business Segment & Geographic Overview
    15.7.5 Key Market Developments
    15.7.6 Key Strategies 
    15.8 Standex International Corporation
    15.8.1 Overview
    15.8.2 Types
    15.8.3 Key Financials
    15.8.4 Business Segment & Geographic Overview
    15.8.5 Key Market Developments
    15.8.6 Key Strategies
    15.9. Electrolux AB
    15.9.1 Overview
    15.9.2 Types
    15.9.3 Key Financials
    15.9.4 Business Segment & Geographic Overview
    15.9.5 Key Market Developments
    15.9.6 Key Strategies
    15.10 GEA Group AG
    15.10.1 Overview
    15.10.2 Types
    15.10.3 Key Financials
    15.10.4 Business Segment & Geographic Overview
    15.10.5 Key Market Developments
    15.10.6 Key Strategies