Global Walk-In Refrigerator Market 2017-2021

Overview of the global walk-in refrigerator market

The global walk-in refrigerator market is anticipated to grow at a steady rate and will post a CAGR of close to 7% during the forecast period. The increasing need to control bacterial growth and extend the shelf life of food products will propel the growth prospects for the global walk-in refrigerator market until the end of 2021. The foodservice restaurants, hotels, and end-users experience a loss when the food products are contaminated and discarded. Some of the bacteria that infect the food items such as meat, fish, and poultry are Escherichia coli (E. Coli) and Salmonella and results in food poisoning. Also, it is estimated that bacteria tend to develop and multiply rapidly at temperatures between 158˚F to 95˚F. E. For instance, Coli is known to have a quick growth at 100˚F, and their growth slows down when the temperature is below 40˚F. In addition, the use of commercial walk-in refrigerators help to prevent the development of bacteria and retains the freshness of food items.

The availability of customized walk-in refrigerators will accelerate the growth prospects for the global walk-in refrigerator market for the next four years. One of the major factors responsible for the increasing preference for customized walk-in refrigerators is to manage the traffic flow through a kitchen or food preparation area. Also, since the application, location, and cold storage of these walk-in refrigerators decides the requirement for insulated floors, the manufacturers provide walk-in refrigerators that come with or without an insulated floor.

Competitive landscape and key vendors

The global walk-in refrigerator market is highly competitive and diversified due to the presence of a large number of vendors across the globe. The established players have a strong market presence since they have a very strong vendor credentials with standard product scores. Also, a number of vendors differentiate their products on the basis of key parameters such as cost, efficiency, load capacity, and shelf capacity to expand their customer base.

Key vendors in this market are -

• Foster Refrigerator
• Kolpak
• Master-Bilt
• Nor-Lake

Other prominent vendors in the market include ABLE PRODUCTS, American Panel, Amerikooler, Arctic Walk In Cooler & Freezers, Beverage-Air, Delfield, Emerson Electric, FRIGINOX, Haier, Honeywell, Hussmann, Imbera Foodservice, Imperial Manufacturing, Intertek, Panasonic, Precision Refrigeration, SRC Refrigeration, and  Victory Refrigeration.

Segmentation by use and analysis of the walk-in refrigerator market

• Indoor
• Outdoor

The global indoor walk-in refrigerator accounted for the maximum market share during 2016 and will continue to dominate the market for the next few years. Some of the major factors responsible for the market segment’s growth is the reduced cost of an indoor walk-in refrigerator, which is comparatively less in terms of installation, up-front costs, and maintenance and operations as compared to the outdoor unit.

Segmentation by geography and analysis of the walk-in refrigerator market

• Americas
• APAC
• EMEA

In terms of geography, the Americas accounted for the maximum market share during 2016 and will continue to dominate the market in the forthcoming years. One of the major factors responsible for the market’s growth in the region is the steady growth in demand from supermarkets, hotels, restaurants, and bakery outlets. Furthermore, the increasing number of foodservice establishments that have walk-in refrigerators installed will drive the sales of new walk-in refrigerators in the region.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global walk-in refrigerator market?
• What are the key market trends impacting the growth of the global walk-in refrigerator market?
• What are the challenges to market growth?
• Who are the key vendors in the global walk-in refrigerator market?
• What are the market opportunities and threats faced by the vendors in the global walk-in refrigerator market?
• What are the trending factors influencing the market shares of the Americas, APAC, and EMEA?
• What are the key outcomes of the five forces analysis of the global walk-in refrigerator market?

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