Commercial Refrigeration Equipment Market by Product, End-user, and Geography - Forecast and Analysis 2021-2025

  • Published: Mar 2021
  • Pages: 120
  • SKU: IRTNTR40420
Technavio

Purchase this report now and if we publish a new version within 90 days, we will send you a free copy.

Safe and Secure SSL Encrypted
  • 2500.00
  • USD

The commercial refrigeration equipment market has the potential to grow by USD 15.13 billion during 2021-2025, and the market’s growth momentum will decelerate at a CAGR of 7.50%.

This commercial refrigeration equipment market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Based on our research output, there has been a neutral impact on the market growth during and post COVID-19 era. The need to increase the storage life of food products is notably driving the commercial refrigeration equipment market growth, although factors such as rising preference for pre-used and rented commercial refrigeration equipment may impede market growth. To unlock information on the key market drivers and the COVID-19 pandemic impact on the commercial refrigeration equipment industry get your FREE report sample now.

This report provides extensive insights on segmentation by product (walk-in coolers, display cases, refrigerator for drinks, ice-making machines, and others), end-user (retail, restaurants, hotels, and catering units), and geography (APAC, Europe, North America, MEA, and South America). The commercial refrigeration equipment market report also offers information on several market vendors, including AB Electrolux, Ali Group Srl, Daikin Industries Ltd., Dover Corp., HOSHIZAKI Corp., Illinois Tool Works Inc., Imbera, Standex International Corp., The Middleby Corp., and Welbilt Inc. among others.

What will the Commercial Refrigeration Equipment Market Size be in 2021?

Commercial-Refrigeration-Equipment-Market-Market-Size-2020-2025

Browse TOC and LoE with selected illustrations and example pages of Commercial Refrigeration Equipment Market

 Get Your FREE Sample Now!

Commercial Refrigeration Equipment Market: Key Drivers and Trends

  • The growing demand for frozen food across the globe is one of the major factors fueling the growth of commercial refrigeration equipment market size.
  • Demographic changes such as the increase in the number of the female workforce and the rise in income levels have surged the demand for frozen food, driving the need for commercial refrigeration equipment.
  • The use of advanced technologies and energy-efficient refrigeration systems are major emerging commercial refrigeration equipment market trends that will further drive market growth.
  • The equipment has operation control including anti-short cycling, automatic defrost, and temperature control which can be monitored through a digital controller.
  • End-users highly prefer to use commercial refrigeration equipment that provides cost-saving benefits in terms of energy consumption.
  • Commercial refrigeration equipment having ENERGY-STAR certification provides an average of 20% more energy efficient than the standard commercial refrigeration equipment.
  • The growing demand for energy-efficient models of commercial refrigeration is one of the key commercial refrigeration equipment market trends as it helps in reducing energy consumption and utility bills.
  • To deliver optimum efficiency, companies have started offering ENERGY STAR-certified refrigeration equipment.

This commercial refrigeration equipment market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. Get detailed insights on market drivers, trends, and challenges, which will help companies evaluate and develop growth strategies.

Who are the Major Commercial Refrigeration Equipment Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • AB Electrolux
  • Ali Group Srl
  • Daikin Industries Ltd.
  • Dover Corp.
  • HOSHIZAKI Corp.
  • Illinois Tool Works Inc.
  • Imbera
  • Standex International Corp.
  • The Middleby Corp.
  • Welbilt Inc.

 

The commercial refrigeration equipment market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market. Click here to uncover other successful business strategies deployed by the vendors. 

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Download a free sample of the commercial refrigeration equipment market forecast report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Commercial Refrigeration Equipment Market?

Commercial-Refrigeration-Equipment-Market-Market-Share-by-Region-2020-2025

For more insights on the market share of various regions Request for a FREE sample now!

44% of the market’s growth will originate from APAC during the forecast period. China, Japan, and Australia are the key markets for commercial refrigeration equipment in APAC. Market growth in APAC will be faster than the growth of the market in other regions.

New product launches will facilitate the commercial refrigeration equipment market growth in APAC over the forecast period. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report.

What are the Revenue-generating Product Segments in the Commercial Refrigeration Equipment Market?

Commercial-Refrigeration-Equipment-Market-Market-Share-by-Product-2020-2025

To gain further insights on the market contribution of various segments Request for a FREE sample

The commercial refrigeration equipment market share growth by the walk-in coolers segment will be significant during the forecast period. Supermarkets and food delivery service businesses are continuing to grow worldwide, leading to an increase in the demand for walk-in coolers. This increase in demand is driving the growth of the commercial refrigeration equipment market in this product segment.

Fetch actionable market insights on post COVID-19 impact on each segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the commercial refrigeration equipment market size.

 

Event-Tickets-Market-Report

Request for a FREE sample

What are the Key Factors Covered in this Commercial Refrigeration Equipment Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • 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, MEA, 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

Commercial Refrigeration Equipment Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Decelerate at a CAGR of 8%

Market growth 2021-2025

$ 15.13 billion

Market structure

Fragmented

YoY growth (%)

9.85

Regional analysis

APAC, Europe, North America, MEA, and South America

Performing market contribution

APAC at 44%

Key consumer countries

US, China, Germany, Japan, Canada, UK, and Australia

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

AB Electrolux, Ali Group Srl, Daikin Industries Ltd., Dover Corp., HOSHIZAKI Corp., Illinois Tool Works Inc., Imbera, Standex International Corp., The Middleby Corp., and Welbilt Inc.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for 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.

Read More Read Less

Executive Summary

    Market Landscape

    • Market ecosystem
    • Impact of COVID-19 on the industrials sector
    • Recovery phase
    • Market characteristics
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2020
    • Market outlook: Forecast for 2020 - 2025

    Five Forces Analysis

    • Five forces summary
    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by Product

    • Market segments
    • Comparison by Product
    • Walk-in coolers - Market size and forecast 2020-2025
    • Display cases - Market size and forecast 2020-2025
    • Refrigerator for drinks - Market size and forecast 2020-2025
    • Ice-making machines - Market size and forecast 2020-2025
    • Others - Market size and forecast 2020-2025
    • Market opportunity by Product

    Market Segmentation by End-user

    • Market segments
    • Comparison by End user
    • Retail - Market size and forecast 2020-2025
    • Restaurants - Market size and forecast 2020-2025
    • Hotels - Market size and forecast 2020-2025
    • Catering units - Market size and forecast 2020-2025
    • Market opportunity by End user

    Customer landscape

      Geographic Landscape

      • Geographic segmentation
      • Geographic comparison
      • APAC - Market size and forecast 2020-2025
      • Europe - Market size and forecast 2020-2025
      • North America - Market size and forecast 2020-2025
      • MEA - Market size and forecast 2020-2025
      • South America - Market size and forecast 2020-2025
      • Key leading countries
      • Market opportunity by geography
      • Market drivers
      • Market challenges
      • Market trends

      Vendor Landscape

      • Competitive scenario
      • Vendor Landscape
      • Landscape disruption
      • Industry risks

      Vendor Analysis

      • Vendors covered
      • Market positioning of vendors
      • AB Electrolux
      • Ali Group Srl
      • Daikin Industries Ltd.
      • Dover Corp.
      • HOSHIZAKI Corp.
      • Illinois Tool Works Inc.
      • Imbera
      • Standex International Corp.
      • The Middleby Corp.
      • Welbilt Inc.

      Appendix

      • Scope of the report
      • Currency conversion rates for US$
      • Research methodology
      • 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.

      TechnavioINFORMATION 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
      Technavio

      TechnavioDATA 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
      Technavio

      TechnavioREPORT WRITING

      Qualitative

      • Market drivers
      • Market challenges
      • Market trends
      • Five forces analysis

      Quantitative

      • Market size and forecast
      • Market segmentation
      • Geographical insights
      • Competitive landscape
      Interested in this report?
      Get your FREE sample now!
      The commercial refrigeration equipment market growth will increase by $15.13 billion during 2020-2025.
      The commercial refrigeration equipment market is expected to grow at a CAGR of 7.50% during 2020-2025.
      Technavio has segmented the commercial refrigeration equipment market by product (Walk-in coolers, Display cases, Refrigerator for drinks, Ice-making machines, and Others) ,end user (Retail, Restaurants, Hotels, and Catering units) , and geographic (APAC, Europe, North America, MEA, and South America).
      AB Electrolux, Ali Group Srl, Daikin Industries Ltd., Dover Corp., HOSHIZAKI Corp., Illinois Tool Works Inc., Imbera, Standex International Corp., The Middleby Corp., Welbilt Inc. are a few of the key vendors in the commercial refrigeration equipment market.
      APAC will register the highest growth rate of 43.75% among the other regions. Therefore, the commercial refrigeration equipment market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
      • US
      • China
      • Germany
      • Japan
      • Canada
      • UK
      • Australia
      The key factors driving the commercial refrigeration equipment market growth are:
      • Need to increase the storage life of food products
      • Growing demand for energy-efficient models of commercial refrigeration equipment
      The commercial refrigeration equipment market vendors should focus on grabbing business opportunities from the walk-in coolers segment as it accounted for the largest market share in the base year.
      Safe and Secure SSL Encrypted
      Technavio

      Single User:

      2500 USD

      Technavio Get the report (PDF) sent to your email within minutes.

      Subscribe & Save

      Get lifetime access to our
      Technavio Insights

      Want to customize this report?

      This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time.

      We offer $1000 worth of FREE customization at the time of purchase
      Technavio
      Enquire Before Buying
      1. Home
      2. Industrials
      3. Published Report
      17,000 reports available | Plans starting from just 5,000 USD | Get FREE trial>>