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The commercial ice cream freezers market size is estimated to grow at a CAGR of 8.55% between 2024 and 2028. The market size is forecast to increase by USD 4,803.83 million. The growth of the market depends on several factors such as the increasing demand for frozen desserts, the shelf-life extension of frozen food products, and the growing popularity of artisanal and premium ice creams.
This commercial ice cream freezers market report extensively covers market segmentation by usage (display, storage, and hardening), end-user (retail, restaurants, hotels, and catering units), and geography (APAC, Europe, North America, 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 2018-2022.
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Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
One of the key factors driving commercial ice cream freezer growth is the shelf-life extension of frozen food products. There is a growing concern regarding the reduction of food wastage in most countries. In addition, the wastage of food products often leaves retailers with financial losses. However, vendors have come up with various strategies to increase their profit margins. However, several market players have come up with various strategies to increase their profit margins.
Moreover, it will help in maintaining the quality and increasing the shelf life of food items like ice creams, yogurts, and gelatos. Therefore, the extension of the shelf-life extension of these frozen food products is contributing to the market growth. Hence, such factors are positively impacting the market which in turn will drive the market growth during the forecast period.
A key factor shaping the commercial ice cream freezer market growth is the increasing preference for customized ice cream freezers. There is an increasing production of customized commercial ice cream freezers for end-users by several market players of commercial ice cream freezers. In addition, these commercial ice cream freezers have higher-quality designs to ensure optimum durability.
Moreover, the manufacturers in the market are providing commercial ice cream freezers, keeping in mind the application, location, and storage needs. For example, companies like True Manufacturing and Beverage-Air provide a wide range of custom-made, commercial ice cream freezers specifically designed to meet the needs of commercial end-users. Hence, such factors are positively impacting the market. Therefore, it is expected to drive the market growth during the forecast period.
The rise in compressor failure issues is one of the key challenges hindering the commercial ice cream freezer market growth. One of the major concerns of the overall refrigeration industry is the compressor failure. This can be caused by contamination, electrical problems, floodback, flooded starts, loss or lack of lubrication, overheating, or slugging. In addition, failure to maintain compressor pressure can also lead to failure of the compressor, which can lead to the spoilage of food items stored in commercial ice cream freezers and cause economic losses to end-users.
Moreover, excessive ice build-up can also make the compressor run continuously, and the temperature of the commercial ice cream freezer will not be optimal. In addition, a rise in the temperature around the compressor could lead to an increase in the head pressure for the compressor and, subsequently, raise compressor power. Hence, such factors are negatively impact the market. Therefore, it is expected to hinder the market growth during the forecast period.
The market research report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global Commercial Ice Cream Freezers Market Customer Landscape
Companies 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.
Beverage-Air Corp: The company offers commercial ice cream freezer products such as UCF20HC 25 1 undercounter Ice cream freezer, CT12 12HC 1HSD, CT2HC 1S cross temp series solid door and CT2HC 1HG cross temp series half glass.
The research report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:
Qualitative and quantitative analysis of companies 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 companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The display segment is estimated to witness significant growth during the forecast period. The display segment comprises ice cream dipping cabinets, gelato dipping cabinets, and glass-top display freezers. In addition, the manufacturers in the market are providing ice cream dipping cabinets that help the end-users in showcasing frozen items. Furthermore, the ice cream dipping cabinets that are provided by manufacturers like Beverage-Air, Excellence, Master-Bilt, Nor-Lake, True Refrigeration, and Turbo Air Refrigeration have the capacity to hold hand-dipped novelties or ice creams.
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The display segment was the largest segment and was valued at USD 3,156.33 million in 2018. Moreover, many manufacturers in the market are providing ice cream dipping cabinets that have heat-reflective glass, which ensures that food items like ice creams and other cold desserts like sorbet and gelato are kept at a constant temperature. In addition, several manufacturers also provide straight-sided and curved glass models and flat-top cabinets that are National Sanitary Foundation (NSF)--listed. As a result, it helps in certifying compliance with public health and safety standards. Hence, such factors are expected to fuel the growth of this segment which in turn will drive the market growth during the forecast period.
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APAC is estimated to contribute 44% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. Some of the main factors that are significantly contributing to the growth of the market in APAC include rising gross national income (GNI) per capita, the increasing population, and rising temperatures. In addition, The temperature in APAC is expected to increase up to 35.6 degrees F which is significantly contributing to the market growth in the region. Furthermore, the increase in demand for ice cream will lead to an increase in demand for ice cream freezers. Hence, such factors drive the market growth in APAC during the forecast period.
In 2020, during the COVID-19 pandemic, the growth of the global commercial ice cream freezer market witnessed a significant slowdown due to several disruptions that affected the demand, production, and supply chain of various appliances, including commercial ice cream freezers. However, in 2021, the initiation of large-scale vaccination drives?lifted the lockdown and travel restrictions, which led to the restoration of supply chain operations. Such factors are expected to drive the market during the forecast period.
The commercial ice cream freezers market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2018 to 2028.
Commercial Ice Cream Freezers Market Scope |
|
Report Coverage |
Details |
Page number |
178 |
Base year |
2023 |
Historic period |
2018 - 2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 8.55% |
Market growth 2024-2028 |
USD 4,803.83 million |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
7.51 |
Regional analysis |
APAC, Europe, North America, Middle East and Africa, and South America |
Performing market contribution |
APAC at 44% |
Key countries |
US, Canada, China, Japan, and Germany |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
Beverage-Air Corp., C. Nelson Manufacturing Co., Carrier Global Corp., Celco Inc., Dawningice Machinery Co. Ltd., Dragon Enterprise Co. Ltd., Excellence Industries, Global Refrigeration Inc., Haier Smart Home Co. Ltd., Illinois Tool Works Inc., NUOVAIR Srl, Panasonic Holdings Corp., Procool, Rockwell Industries Ltd., Standex International Corp., The Middleby Corp., True Manufacturing Co. Inc., TURBO AIR Inc., Voltas Ltd., and Daikin Industries Ltd. |
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. |
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