Commercial Refrigeration Equipment Market by Product, End-user, and Geography - Forecast and Analysis 2023-2027
- Published: Nov 2022
- Pages: 184
- SKU: IRTNTR40420
Enjoy complimentary customisation on priority with our Enterprise License!
Single:
One user only.
Quick & easy download optionEnterprise:
Unlimited user access (Within your organization)
Complimentary Customization Included
The commercial refrigeration equipment market is estimated to grow at a CAGR of 7.4% between 2022 and 2027. The size of the market is forecast to increase by USD 17,886.21 million. The growth of the market depends on several factors, including the need to increase the storage life of food products, the market expansion by end-users, and the growing focus on merchandising refrigerated food and beverages.
This report extensively covers market segmentation by product (walk-in coolers, display cases, refrigerator for drinks, and ice-making machines), end-user (retail, restaurants, hotels, and catering units), and geography (APAC, North America, Europe, Middle East, and Africa, and South America). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.
What will the Size of the Commercial Refrigeration Equipment Market be During the Forecast Period?
To learn more about this report, Download Report Sample
Parent Market Analysis
Technavio categorizes the global commercial refrigeration equipment market as a part of the global electrical components and equipment market within the global electrical equipment market. The parent market, the global electrical components and equipment market, covers companies engaged in the manufacturing of electric cables and wires, electrical components, and electrical equipment. Our research report has extensively covered external factors influencing the parent market growth during the forecast period.
Commercial Refrigeration Equipment Market: Key Drivers, Trends, Challenges, and Customer Landscape
The need to increase the storage life of food products is notably driving the commercial refrigeration equipment market growth, although factors such as the rising preference for pre-used and rented commercial refrigeration equipment may impede the market growth. Our researchers studied the data for years, with 2022 as the base year and 2023 as the estimated year, and presented the key drivers, trends, and challenges for the market. Although there has been a decrease in demand for the market during the COVID-19 pandemic, a holistic analysis of drivers will help companies refine marketing strategies to gain a competitive advantage.
Key Commercial Refrigeration Equipment Market Driver
The need to increase the storage life of food products is a key factor driving the global commercial refrigeration equipment market growth. The shelf life of food products is dependent on factors such as storage conditions. The storage of food products at an inadequate temperature will lead to degradation and losses to commercial spaces like food service establishments. A commercial refrigerator is a key component used by food service establishments.
Refrigeration is essential for maintaining nutritional and microbial quality. Also, for frozen food products, quality and safety are reliant on the food being maintained at a sufficiently low temperature throughout its life to prevent the growth of bacteria and pathogens. The storage temperature is also essential to minimize the growth of spoilage microbes. Hence, proper refrigeration has beneficial effects on food quality. It minimizes moisture transport and maintains the flavour, colour, and texture of food products. This, in turn, is driving the growth of the global commercial refrigeration equipment market.
Key Commercial Refrigeration Equipment Market Trend
The growing demand for energy-efficient models of commercial refrigeration equipment will fuel the global commercial refrigeration equipment market growth. End-users mainly prefer to use commercial refrigeration equipment that provides cost-saving benefits in terms of energy consumption. One of the ways that help end-users ensure minimum energy consumption is the use of ENERGY STAR-certified commercial refrigeration equipment. Commercial refrigeration equipment that has ENERGY STAR certification is 20% more energy efficient on average than standard commercial refrigeration equipment.
ENERGY STAR-certified commercial refrigeration equipment is designed with special components, such as Electronically Commutated Motor (ECM) evaporators and condenser fan motors. Also, it is equipped with hot gas anti-sweat heaters and high-efficiency compressors that help in reducing energy consumption and utility bills. The energy efficiency of ENERGY STAR-certified models varies based on the door type. This, in turn, is expected to drive the growth of the global commercial refrigeration equipment market focus during the forecast period.
Key Commercial Refrigeration Equipment Market Challenge
The rising preference for pre-used and rented commercial refrigeration equipment is the major challenge to the global commercial refrigeration equipment market growth. Vendors operating in the global commercial refrigeration equipment market are focusing on developing products with improved features. However, all end-users cannot invest in innovative models of commercial refrigeration equipment. Many end-users prefer to purchase low-cost commercial refrigeration equipment. They can also purchase pre-used models of commercial refrigeration equipment that cost less than new products.
End-users can get information about the availability of such models through advertisements in print media. Pre-used commercial refrigeration equipment can also be purchased from various online portals, such as Gumtree and eBay Inc. (eBay). They are also ideal for end-users that are planning to expand their refrigerated food offerings. Therefore, the rising preference for pre-used models of commercial refrigeration equipment is expected to impact the sales of new units negatively. This, in turn, can adversely affect the growth of the global commercial refrigeration equipment market in focus during the forecast period.
Key Commercial Refrigeration Equipment Market Customer Landscape
Our analysis of the Life Cycle of the Global commercial refrigeration equipment market from the innovator’s stage to the laggard’s stage. The report illustrates the lifecycle of the global commercial refrigeration equipment market, focusing on the adoption rates of the major regions such as the US, Canada, China, Japan, and Germany. Our researchers have included key purchase criteria, adoption rates, adoption lifecycles, and drivers of price sensitivity to help companies evaluate and develop growth strategies for 2022-2027.
Global Commercial Refrigeration Equipment Market Customer Landscape
Who are the Major Commercial Refrigeration Equipment Market Vendors?
Vendors are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market
- aligroup.it - The company offers commercial refrigeration equipment that adapts to the load for the best cooling results, optimal temperature uniformity and increased savings in energy consumption. The company offers a wide range of cooking equipment from braising pans to fryers and cooktops. The segment includes several brands such as Alphatech, Amana Commercial Menumaster, Ambach, Baron, and other cooking brands.
We also have detailed analyses of the market’s competitive landscape and offer information on 20 market vendors, such as
- AB Electrolux
- Blue Star Ltd.
- Daikin Industries Ltd.
- Dover Corp.
- 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
- Welbilt Inc.
Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.
What is the Fastest-Growing Segment in the Commercial Refrigeration Equipment Market?
The market share growth by the walk-in coolers segment will be significant during the forecast period. Some prominent vendors offering walk-in coolers in the global market are Standex International and Middleby. Standex International offers walk-in coolers under its brands Nor-Lake and Master-Bilt Products, and Middleby offers walk-in coolers under its brand Celfrost. Walk-in coolers are manufactured in standard sizes and can be customized based on the end-users requirements. For instance, Standex International offers Bilt2Spec customized walk-in coolers under its brand Master-Bilt Products. The availability of such products helps vendors meet the unique requirement of their customers.
Get a glance at the market contribution of various segments Request a PDF Sample
The walk-in coolers segment showed a gradual increase in market share, from USD 7,694.25 million in 2017, and continued to grow by 2021. Walk-in coolers are manufactured in standard sizes and can be customized based on the end-users requirements. For instance, Standex International offers Bilt2Spec customized walk-in coolers under its brand Master-Bilt Products. The availability of such products helps vendors meet the unique requirements of their customers. Vendors need to achieve certain certifications to sell their walk-in coolers in the global market. Hence, vendors are focusing on developing walk-in coolers that are compliant with the above requirements. Our report provides a brief analysis of historical and forecast market share and their segment along with their reasons for growth from 2017 to 2027.
The growth of this segment is primarily attributed to the increasing adoption of Commercial Refrigeration Equipment by residential consumers, which is driven by changing lifestyles and a growing preference for comfort.
Which are the Key Regions for Commercial Refrigeration Equipment Market?
For more insights on the market share of various regions Request PDF Sample now!
APAC is projected to contribute 44% by 2027. Our analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
APAC countries such as Japan, China, India, South Korea, and Australia are some of the leading contributors to the growth of the commercial refrigeration equipment market. Many vendors operating in the market are trying to increase their sales and expand their geographic presence in the region. Vendors have launched their competitively priced commercial refrigeration equipment, owing to the rising awareness of food safety in South Korea and to meet the growing demand for commercial refrigeration equipment that has greater cooling capacity. Such product launches are expected to increase the sales of commercial refrigeration equipment in the region during the forecast period.
This report forecasts the contribution of all the segments to the growth of the market. In addition, we have included the COVID-19 impact and the recovery strategies for each segment. COVID-19 led to a decline in demand in APAC. In 2020 and 2021, the outbreak of the COVID-19 pandemic led to a shutdown of many food and beverage (F&B) service establishments in the region. Due to the high transmission rate of COVID-19, governments of various countries in the region announced a stringent lockdown, leading to the temporary closure of retail outlets. This resulted in a decline in demand for new refrigeration equipment from commercial establishments. However, in 2021, the lockdowns were lifted in most APAC countries due to the initiation of COVID-19 vaccination drives and other government initiatives as the pandemic was contained. This, in turn, led to growth for commercial establishments along with sales of commercial refrigeration equipment. This is expected to drive the demand for commercial refrigeration equipment in the region over the forecast period.
Segment Overview
Our report forecasts revenue growth at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2028. We have segmented the market based on type, product, distribution channel, and region.
- Product Outlook (USD Million, 2017 - 2027)
- Walk-in coolers
- Display cases
- Refrigerator for drinks
- Ice-making machines
- Others
- End-user Outlook (USD Million, 2017 - 2027)
- Retail
- Restaurants
- Hotels
- Catering units
- Region Outlook (USD Million, 2017 - 2027)
- North America
- The U.S.
- Canada
- Europe
- The U.K.
- Germany
- France
- Rest of Europe
- APAC
- China
- India
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of the Middle East & Africa
- South America
- Brazil,
- Argentina
- Chile
Commercial Refrigeration Equipment Market Scope
Report Coverage
Details
Page number
184
Base year
2022
Historical year
2017-2021
Forecast period
2023-2027
Growth momentum & CAGR
Accelerate at a CAGR of 7.4%
Market growth 2023-2027
$17,886.21 million
Market structure
Fragmented
YoY growth (%)
6.5
Regional analysis
APAC, Europe, North America, the Middle East and Africa, and South America
Performing market contribution
APAC at 44%
Key consumer countries
US, Canada, China, Japan, and Germany
Competitive landscape
Leading companies, Competitive Strategies, Consumer engagement scope
Key companies profiled
AB Electrolux, Ali Group Srl, Blue Star Ltd., Daikin Industries Ltd., Dover Corp., 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.
Market dynamics
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.
Customization purview
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.
What are the Key Data Covered in this Commercial Refrigeration Equipment Market Report?
- CAGR of the market during the forecast period 2023-2027
- Detailed information on factors that will drive commercial refrigeration equipment market growth during the next five years
- Precise estimation of the commercial refrigeration equipment market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the commercial refrigeration equipment industry across APAC, Europe, North America, the Middle East and Africa, and South America
- A thorough analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of commercial refrigeration equipment market vendors
We can help! Our analysts can customize this report to meet your requirements. Get in touch
- North America
1 Executive Summary
- 1.1 Market overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Global Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market by Geography
- Exhibit 05: Executive Summary – Chart on Market Segmentation by Product
- Exhibit 06: Executive Summary – Chart on Market Segmentation by End-user
- Exhibit 07: Executive Summary – Chart on Incremental Growth
- Exhibit 08: Executive Summary – Data Table on Incremental Growth
- Exhibit 09: Executive Summary – Chart on Vendor Market Positioning
2 Market Landscape
- 2.1 Market ecosystem
- Exhibit 10: Parent market
- Exhibit 11: Market Characteristics
3 Market Sizing
- 3.1 Market definition
- Exhibit 12: Offerings of vendors included in the market definition
- 3.2 Market segment analysis
- Exhibit 13: Market segments
- 3.3 Market size 2022
- 3.4 Market outlook: Forecast for 2022-2027
- Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
- Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
- Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
- Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)
4 Historic Market Size
- 4.1 Global commercial refrigeration equipment market 2017 - 2021
- Exhibit 18: Historic Market Size – Data Table on Global commercial refrigeration equipment market 2017 - 2021 ($ million)
- 4.2 Product Segment Analysis 2017 - 2021
- Exhibit 19: Historic Market Size – Product Segment 2017 - 2021 ($ million)
- 4.3 End-user Segment Analysis 2017 - 2021
- Exhibit 20: Historic Market Size – End-user Segment 2017 - 2021 ($ million)
- 4.4 Geography Segment Analysis 2017 - 2021
- Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)
- 4.5 Country Segment Analysis 2017 - 2021
- Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)
5 Five Forces Analysis
- 5.1 Five forces summary
- Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
- 5.2 Bargaining power of buyers
- Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
- 5.3 Bargaining power of suppliers
- Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
- 5.4 Threat of new entrants
- Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
- 5.5 Threat of substitutes
- Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
- 5.6 Threat of rivalry
- Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
- 5.7 Market condition
- Exhibit 29: Chart on Market condition - Five forces 2022 and 2027
6 Market Segmentation by Product
- 6.1 Market segments
- Exhibit 30: Chart on Product - Market share 2022-2027 (%)
- Exhibit 31: Data Table on Product - Market share 2022-2027 (%)
- 6.2 Comparison by Product
- Exhibit 32: Chart on Comparison by Product
- Exhibit 33: Data Table on Comparison by Product
- 6.3 Walk-in coolers - Market size and forecast 2022-2027
- Exhibit 34: Chart on Walk-in coolers - Market size and forecast 2022-2027 ($ million)
- Exhibit 35: Data Table on Walk-in coolers - Market size and forecast 2022-2027 ($ million)
- Exhibit 36: Chart on Walk-in coolers - Year-over-year growth 2022-2027 (%)
- Exhibit 37: Data Table on Walk-in coolers - Year-over-year growth 2022-2027 (%)
- 6.4 Display cases - Market size and forecast 2022-2027
- Exhibit 38: Chart on Display cases - Market size and forecast 2022-2027 ($ million)
- Exhibit 39: Data Table on Display cases - Market size and forecast 2022-2027 ($ million)
- Exhibit 40: Chart on Display cases - Year-over-year growth 2022-2027 (%)
- Exhibit 41: Data Table on Display cases - Year-over-year growth 2022-2027 (%)
- 6.5 Refrigerator for drinks - Market size and forecast 2022-2027
- Exhibit 42: Chart on Refrigerator for drinks - Market size and forecast 2022-2027 ($ million)
- Exhibit 43: Data Table on Refrigerator for drinks - Market size and forecast 2022-2027 ($ million)
- Exhibit 44: Chart on Refrigerator for drinks - Year-over-year growth 2022-2027 (%)
- Exhibit 45: Data Table on Refrigerator for drinks - Year-over-year growth 2022-2027 (%)
- 6.6 Ice-making machines - Market size and forecast 2022-2027
- Exhibit 46: Chart on Ice-making machines - Market size and forecast 2022-2027 ($ million)
- Exhibit 47: Data Table on Ice-making machines - Market size and forecast 2022-2027 ($ million)
- Exhibit 48: Chart on Ice-making machines - Year-over-year growth 2022-2027 (%)
- Exhibit 49: Data Table on Ice-making machines - Year-over-year growth 2022-2027 (%)
- 6.7 Others - Market size and forecast 2022-2027
- Exhibit 50: Chart on Others - Market size and forecast 2022-2027 ($ million)
- Exhibit 51: Data Table on Others - Market size and forecast 2022-2027 ($ million)
- Exhibit 52: Chart on Others - Year-over-year growth 2022-2027 (%)
- Exhibit 53: Data Table on Others - Year-over-year growth 2022-2027 (%)
- 6.8 Market opportunity by Product
- Exhibit 54: Market opportunity by Product ($ million)
7 Market Segmentation by End-user
- 7.1 Market segments
- Exhibit 55: Chart on End-user - Market share 2022-2027 (%)
- Exhibit 56: Data Table on End-user - Market share 2022-2027 (%)
- 7.2 Comparison by End-user
- Exhibit 57: Chart on Comparison by End-user
- Exhibit 58: Data Table on Comparison by End-user
- 7.3 Retail - Market size and forecast 2022-2027
- Exhibit 59: Chart on Retail - Market size and forecast 2022-2027 ($ million)
- Exhibit 60: Data Table on Retail - Market size and forecast 2022-2027 ($ million)
- Exhibit 61: Chart on Retail - Year-over-year growth 2022-2027 (%)
- Exhibit 62: Data Table on Retail - Year-over-year growth 2022-2027 (%)
- 7.4 Restaurants - Market size and forecast 2022-2027
- Exhibit 63: Chart on Restaurants - Market size and forecast 2022-2027 ($ million)
- Exhibit 64: Data Table on Restaurants - Market size and forecast 2022-2027 ($ million)
- Exhibit 65: Chart on Restaurants - Year-over-year growth 2022-2027 (%)
- Exhibit 66: Data Table on Restaurants - Year-over-year growth 2022-2027 (%)
- 7.5 Hotels - Market size and forecast 2022-2027
- Exhibit 67: Chart on Hotels - Market size and forecast 2022-2027 ($ million)
- Exhibit 68: Data Table on Hotels - Market size and forecast 2022-2027 ($ million)
- Exhibit 69: Chart on Hotels - Year-over-year growth 2022-2027 (%)
- Exhibit 70: Data Table on Hotels - Year-over-year growth 2022-2027 (%)
- 7.6 Catering units - Market size and forecast 2022-2027
- Exhibit 71: Chart on Catering units - Market size and forecast 2022-2027 ($ million)
- Exhibit 72: Data Table on Catering units - Market size and forecast 2022-2027 ($ million)
- Exhibit 73: Chart on Catering units - Year-over-year growth 2022-2027 (%)
- Exhibit 74: Data Table on Catering units - Year-over-year growth 2022-2027 (%)
- 7.7 Market opportunity by End-user
- Exhibit 75: Market opportunity by End-user ($ million)
8 Customer Landscape
- 8.1 Customer landscape overview
- Exhibit 76: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
9 Geographic Landscape
- 9.1 Geographic segmentation
- Exhibit 77: Chart on Market share by geography 2022-2027 (%)
- Exhibit 78: Data Table on Market share by geography 2022-2027 (%)
- 9.2 Geographic comparison
- Exhibit 79: Chart on Geographic comparison
- Exhibit 80: Data Table on Geographic comparison
- 9.3 APAC - Market size and forecast 2022-2027
- Exhibit 81: Chart on APAC - Market size and forecast 2022-2027 ($ million)
- Exhibit 82: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
- Exhibit 83: Chart on APAC - Year-over-year growth 2022-2027 (%)
- Exhibit 84: Data Table on APAC - Year-over-year growth 2022-2027 (%)
- 9.4 Europe - Market size and forecast 2022-2027
- Exhibit 85: Chart on Europe - Market size and forecast 2022-2027 ($ million)
- Exhibit 86: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
- Exhibit 87: Chart on Europe - Year-over-year growth 2022-2027 (%)
- Exhibit 88: Data Table on Europe - Year-over-year growth 2022-2027 (%)
- 9.5 North America - Market size and forecast 2022-2027
- Exhibit 89: Chart on North America - Market size and forecast 2022-2027 ($ million)
- Exhibit 90: Data Table on North America - Market size and forecast 2022-2027 ($ million)
- Exhibit 91: Chart on North America - Year-over-year growth 2022-2027 (%)
- Exhibit 92: Data Table on North America - Year-over-year growth 2022-2027 (%)
- 9.6 Middle East and Africa - Market size and forecast 2022-2027
- Exhibit 93: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
- Exhibit 94: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
- Exhibit 95: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
- Exhibit 96: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
- 9.7 South America - Market size and forecast 2022-2027
- Exhibit 97: Chart on South America - Market size and forecast 2022-2027 ($ million)
- Exhibit 98: Data Table on South America - Market size and forecast 2022-2027 ($ million)
- Exhibit 99: Chart on South America - Year-over-year growth 2022-2027 (%)
- Exhibit 100: Data Table on South America - Year-over-year growth 2022-2027 (%)
- 9.8 China - Market size and forecast 2022-2027
- Exhibit 101: Chart on China - Market size and forecast 2022-2027 ($ million)
- Exhibit 102: Data Table on China - Market size and forecast 2022-2027 ($ million)
- Exhibit 103: Chart on China - Year-over-year growth 2022-2027 (%)
- Exhibit 104: Data Table on China - Year-over-year growth 2022-2027 (%)
- 9.9 US - Market size and forecast 2022-2027
- Exhibit 105: Chart on US - Market size and forecast 2022-2027 ($ million)
- Exhibit 106: Data Table on US - Market size and forecast 2022-2027 ($ million)
- Exhibit 107: Chart on US - Year-over-year growth 2022-2027 (%)
- Exhibit 108: Data Table on US - Year-over-year growth 2022-2027 (%)
- 9.10 Germany - Market size and forecast 2022-2027
- Exhibit 109: Chart on Germany - Market size and forecast 2022-2027 ($ million)
- Exhibit 110: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
- Exhibit 111: Chart on Germany - Year-over-year growth 2022-2027 (%)
- Exhibit 112: Data Table on Germany - Year-over-year growth 2022-2027 (%)
- 9.11 Canada - Market size and forecast 2022-2027
- Exhibit 113: Chart on Canada - Market size and forecast 2022-2027 ($ million)
- Exhibit 114: Data Table on Canada - Market size and forecast 2022-2027 ($ million)
- Exhibit 115: Chart on Canada - Year-over-year growth 2022-2027 (%)
- Exhibit 116: Data Table on Canada - Year-over-year growth 2022-2027 (%)
- 9.12 Japan - Market size and forecast 2022-2027
- Exhibit 117: Chart on Japan - Market size and forecast 2022-2027 ($ million)
- Exhibit 118: Data Table on Japan - Market size and forecast 2022-2027 ($ million)
- Exhibit 119: Chart on Japan - Year-over-year growth 2022-2027 (%)
- Exhibit 120: Data Table on Japan - Year-over-year growth 2022-2027 (%)
- 9.13 Market opportunity by geography
- Exhibit 121: Market opportunity by geography ($ million)
10 Drivers, Challenges, and Trends
- 10.1 Market drivers
- 10.2 Market challenges
- 10.3 Impact of drivers and challenges
- Exhibit 122: Impact of drivers and challenges in 2022 and 2027
- 10.4 Market trends
11 Vendor Landscape
- 11.1 Overview
- 11.2 Vendor landscape
- Exhibit 123: Overview on Criticality of inputs and Factors of differentiation
- 11.3 Landscape disruption
- Exhibit 124: Overview on factors of disruption
- 11.4 Industry risks
- Exhibit 125: Impact of key risks on business
12 Vendor Analysis
- 12.1 Vendors covered
- Exhibit 126: Vendors covered
- 12.2 Market positioning of vendors
- Exhibit 127: Matrix on vendor position and classification
- 12.3 AB Electrolux
- Exhibit 128: AB Electrolux - Overview
- Exhibit 129: AB Electrolux - Business segments
- Exhibit 130: AB Electrolux - Key news
- Exhibit 131: AB Electrolux - Key offerings
- Exhibit 132: AB Electrolux - Segment focus
- 12.4 Ali Group Srl
- Exhibit 133: Ali Group Srl - Overview
- Exhibit 134: Ali Group Srl - Product / Service
- Exhibit 135: Ali Group Srl - Key offerings
- 12.5 Blue Star Ltd.
- Exhibit 136: Blue Star Ltd. - Overview
- Exhibit 137: Blue Star Ltd. - Business segments
- Exhibit 138: Blue Star Ltd. - Key offerings
- Exhibit 139: Blue Star Ltd. - Segment focus
- 12.6 Daikin Industries Ltd.
- Exhibit 140: Daikin Industries Ltd. - Overview
- Exhibit 141: Daikin Industries Ltd. - Business segments
- Exhibit 142: Daikin Industries Ltd. - Key news
- Exhibit 143: Daikin Industries Ltd. - Key offerings
- Exhibit 144: Daikin Industries Ltd. - Segment focus
- 12.7 Dover Corp.
- Exhibit 145: Dover Corp. - Overview
- Exhibit 146: Dover Corp. - Business segments
- Exhibit 147: Dover Corp. - Key news
- Exhibit 148: Dover Corp. - Key offerings
- Exhibit 149: Dover Corp. - Segment focus
- 12.8 Felix Storch Inc.
- Exhibit 150: Felix Storch Inc. - Overview
- Exhibit 151: Felix Storch Inc. - Product / Service
- Exhibit 152: Felix Storch Inc. - Key offerings
- 12.9 FUJIMAK Corp.
- Exhibit 153: FUJIMAK Corp. - Overview
- Exhibit 154: FUJIMAK Corp. - Product / Service
- Exhibit 155: FUJIMAK Corp. - Key offerings
- 12.10 HOSHIZAKI Corp.
- Exhibit 156: HOSHIZAKI Corp. - Overview
- Exhibit 157: HOSHIZAKI Corp. - Business segments
- Exhibit 158: HOSHIZAKI Corp. - Key news
- Exhibit 159: HOSHIZAKI Corp. - Key offerings
- Exhibit 160: HOSHIZAKI Corp. - Segment focus
- 12.11 Illinois Tool Works Inc.
- Exhibit 161: Illinois Tool Works Inc. - Overview
- Exhibit 162: Illinois Tool Works Inc. - Business segments
- Exhibit 163: Illinois Tool Works Inc. - Key offerings
- Exhibit 164: Illinois Tool Works Inc. - Segment focus
- 12.12 Imbera
- Exhibit 165: Imbera - Overview
- Exhibit 166: Imbera - Product / Service
- Exhibit 167: Imbera - Key offerings
- 12.13 Lennox International Inc.
- Exhibit 168: Lennox International Inc. - Overview
- Exhibit 169: Lennox International Inc. - Business segments
- Exhibit 170: Lennox International Inc. - Key offerings
- Exhibit 171: Lennox International Inc. - Segment focus
- 12.14 Panasonic Holdings Corp.
- Exhibit 172: Panasonic Holdings Corp. - Overview
- Exhibit 173: Panasonic Holdings Corp. - Business segments
- Exhibit 174: Panasonic Holdings Corp. - Key news
- Exhibit 175: Panasonic Holdings Corp. - Key offerings
- Exhibit 176: Panasonic Holdings Corp. - Segment focus
- 12.15 Standex International Corp.
- Exhibit 177: Standex International Corp. - Overview
- Exhibit 178: Standex International Corp. - Business segments
- Exhibit 179: Standex International Corp. - Key offerings
- Exhibit 180: Standex International Corp. - Segment focus
- 12.16 The Middleby Corp.
- Exhibit 181: The Middleby Corp. - Overview
- Exhibit 182: The Middleby Corp. - Business segments
- Exhibit 183: The Middleby Corp. - Key offerings
- Exhibit 184: The Middleby Corp. - Segment focus
- 12.17 Welbilt Inc.
- Exhibit 185: Welbilt Inc. - Overview
- Exhibit 186: Welbilt Inc. - Business segments
- Exhibit 187: Welbilt Inc. - Key news
- Exhibit 188: Welbilt Inc. - Key offerings
- Exhibit 189: Welbilt Inc. - Segment focus
13 Appendix
- 13.1 Scope of the report
- 13.2 Inclusions and exclusions checklist
- Exhibit 190: Inclusions checklist
- Exhibit 191: Exclusions checklist
- 13.3 Currency conversion rates for US$
- Exhibit 192: Currency conversion rates for US$
- 13.4 Research methodology
- Exhibit 193: Research methodology
- Exhibit 194: Validation techniques employed for market sizing
- Exhibit 195: Information sources
- 13.5 List of abbreviations
- Exhibit 196: List of abbreviations
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
- Manufacturers and suppliers
- Channel partners
- Industry experts
- Strategic decision makers
Secondary sources
- Industry journals and periodicals
- Government data
- Financial reports of key industry players
- Historical data
- Press releases

DATA ANALYSIS
Data Synthesis
- Collation of data
- Estimation of key figures
- Analysis of derived insights
Data Validation
- Triangulation with data models
- Reference against proprietary databases
- Corroboration with industry experts

REPORT WRITING
Qualitative
- Market drivers
- Market challenges
- Market trends
- Five forces analysis
Quantitative
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape
Frequently Asked Questions?
- US
- Canada
- China
- Japan
- Germany
- Need to increase the storage life of food products
- Growing demand for energy-efficient models of commercial refrigeration equipment
Key Questions Answered
- What are the key global market and the regional market share?
- What are the revenue-generating key market segments?
- What are the key factors driving and challenging this market’s growth?
- Who are the key market vendors and their growth strategies?
- What are the latest trends influencing the growth of this market?
- What are the variables influencing the market growth in the primary regions?
- What are the factors influencing the growth of the parent market?
Why should you prefer Technavio's market insights report?
Certified ISO 9001 : 2015

We are ISO 9001:2015 recognized that ensures quality services and product delivery to our clients.

We are GDPR and CCPA compliant! Your transaction & personal information is protected from unauthorized use.

Single:
One user only.
Quick & easy download optionEnterprise:
Unlimited user access (Within your organization)
Complimentary Customization Included
2500 USD
Get the report (PDF) sent to your email within minutes.
Subscribe & Save
Get lifetime access to our
Technavio Insights
Customized Report as per your Business Needs
- Our analysts will work directly with you and understand your needs
- Get data on specified regions or segments, competitor and Vendors
- Data will be formatted and presented as per your requirements
- We offer $1000 worth of FREE customization at the time of purchase
Let us help you make report more suited to your requirements.
- Get a competitive breakdown as per your niche industry
- Customize the data with various metrics that meet your business prerequisite
- Understand Revenue Sources, Customers and many more
- Details on Market Share
- These customizations are done in a short amount of time by our analysts and industry experts
