Market Overview:
The global commercial refrigeration equipment market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for food and beverages, rising disposable income, and growing urbanization. In terms of type, the transport refrigeration equipment segment is expected to lead the global commercial refrigeration equipment market during the forecast period. This can be attributed to the increasing demand for frozen food products and temperature-controlled transportation services across various regions.
Product Definition:
Commercial refrigeration equipment is used to store and preserve food items in a commercial setting. This type of equipment is important because it helps to ensure that food is safe for consumption and that it does not spoil.
Transport Refrigeration Equipment:
Transport refrigeration equipment is used to transport frozen food from the manufacturing plant or supermarket to another place. It is also known as cold chain equipment. The growth of this market can be attributed to factors such as increasing demand for fresh and frozen foods, technological advancements in refrigerated transportation, and rising trade activities between countries.
Refrigerators and Freezers:
Refrigerators and freezers are cooling devices that are used for the storage of food and beverages at a lower temperature to prevent them from spoilage. They work on the principle of thermodynamics, with the help of an insulated compartment, wherein heat is removed from one side and cold stored items can be placed on another.
Application Insights:
The food service application segment led the global commercial refrigeration equipment market in 2017 and is projected to continue its dominance over the forecast period. The segment growth can be attributed to an increase in customer spending on food and beverages, growing demand for chilled cocktails, smoothies, and desserts across pubs, clubs, hotels and restaurants at a global level as well as within regional markets.
The beverage refrigeration equipment includes soda machines, beer vending machines (BVM), wine coolers/freezers etc. These types of systems are widely used by beverage producers so that they can maintain required temperature levels while storing or dispensing beverages such as cold drinks like soda water & coke (Soft Drinks) or iced tea among others which require cooling down process before consumption.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market with a CAGR of XX% from 2018 to 2030 owing to rapid urbanization and increasing disposable income levels in emerging economies such as China, India, Thailand, and Indonesia. Furthermore, rising demand for packaged food along with growing middle-class population in these countries will drive the market further.
North America held a significant share of global revenue in 2017 due to high demand for transport refrigeration equipment from industries including pharmaceuticals and grocery warehousing which are projecteded grow at a steady rate over the forecast period. The U.S.
Growth Factors:
- Increasing demand for food and beverages due to population growth
- Rising disposable income of consumers in developing countries
- Proliferation of convenience stores, supermarkets, and hypermarkets
- Technological advancements in refrigeration equipment
- Growing awareness about food safety and hygiene
Scope Of The Report
Report Attributes
Report Details
Report Title
Commercial Refrigeration Equipment Market Research Report
By Type
Transport Refrigeration Equipment, Refrigerators and Freezers, Beverage Refrigerators, Others, Commercial Refrigeration Equipmen
By Application
Food Service, Food and Beverage Retail, Food and Beverage Distribution, Food and Beverage Production, Others
By Companies
Ingersoll Rand, Daikin Industries, Dover Corporation, Carrier, Hussmann (Panasonic), Lennox (Heatcraft), Haier, Illinois Tool Works, Whirpool, GEA, Blue Star, AHT Cooling Systems, Alfa Laval, Guntner GmbH, Metalfrio Solutions, Beverage-Air Corporation, Yantai Moon, Fujimak, Xingxing Group, Shanghai Reindustry, Commercial Refrigeration Equipmen
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
235
Number of Tables & Figures
165
Customization Available
Yes, the report can be customized as per your need.
Global Commercial Refrigeration Equipment Market Report Segments:
The global Commercial Refrigeration Equipment market is segmented on the basis of:
Types
Transport Refrigeration Equipment, Refrigerators and Freezers, Beverage Refrigerators, Others, Commercial Refrigeration Equipmen
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Food Service, Food and Beverage Retail, Food and Beverage Distribution, Food and Beverage Production, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Ingersoll Rand
- Daikin Industries
- Dover Corporation
- Carrier
- Hussmann (Panasonic)
- Lennox (Heatcraft)
- Haier
- Illinois Tool Works
- Whirpool
- GEA
- Blue Star
- AHT Cooling Systems
- Alfa Laval
- Guntner GmbH
- Metalfrio Solutions
- Beverage-Air Corporation
- Yantai Moon
- Fujimak
- Xingxing Group
- Shanghai Reindustry
- Commercial Refrigeration Equipmen
Highlights of The Commercial Refrigeration Equipment Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Transport Refrigeration Equipment
- Refrigerators and Freezers
- Beverage Refrigerators
- Others
- Commercial Refrigeration Equipmen
- By Application:
- Food Service
- Food and Beverage Retail
- Food and Beverage Distribution
- Food and Beverage Production
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Commercial Refrigeration Equipment Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Commercial refrigeration equipment is used to cool and store food. It can be found in restaurants, grocery stores, and other commercial settings.
Some of the major companies in the commercial refrigeration equipment market are Ingersoll Rand, Daikin Industries, Dover Corporation, Carrier, Hussmann (Panasonic), Lennox (Heatcraft), Haier, Illinois Tool Works, Whirpool, GEA, Blue Star, AHT Cooling Systems, Alfa Laval, Guntner GmbH, Metalfrio Solutions, Beverage-Air Corporation, Yantai Moon, Fujimak, Xingxing Group, Shanghai Reindustry, Commercial Refrigeration Equipmen.
The commercial refrigeration equipment market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Commercial Refrigeration Equipment Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Commercial Refrigeration Equipment Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Commercial Refrigeration Equipment Market - Supply Chain
4.5. Global Commercial Refrigeration Equipment Market Forecast
4.5.1. Commercial Refrigeration Equipment Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Commercial Refrigeration Equipment Market Size (000 Units) and Y-o-Y Growth
4.5.3. Commercial Refrigeration Equipment Market Absolute $ Opportunity
5. Global Commercial Refrigeration Equipment Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Commercial Refrigeration Equipment Market Size and Volume Forecast by Type
5.3.1. Transport Refrigeration Equipment
5.3.2. Refrigerators and Freezers
5.3.3. Beverage Refrigerators
5.3.4. Others
5.3.5. Commercial Refrigeration Equipmen
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Commercial Refrigeration Equipment Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Commercial Refrigeration Equipment Market Size and Volume 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 Production
6.3.5. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Commercial Refrigeration Equipment Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Commercial Refrigeration Equipment Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Commercial Refrigeration Equipment Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Commercial Refrigeration Equipment Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Commercial Refrigeration Equipment Demand Share Forecast, 2019-2026
9. North America Commercial Refrigeration Equipment Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Commercial Refrigeration Equipment Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Commercial Refrigeration Equipment Market Size and Volume Forecast by Application
9.4.1. Food Service
9.4.2. Food and Beverage Retail
9.4.3. Food and Beverage Distribution
9.4.4. Food and Beverage Production
9.4.5. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Commercial Refrigeration Equipment Market Size and Volume Forecast by Type
9.7.1. Transport Refrigeration Equipment
9.7.2. Refrigerators and Freezers
9.7.3. Beverage Refrigerators
9.7.4. Others
9.7.5. Commercial Refrigeration Equipmen
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Commercial Refrigeration Equipment Demand Share Forecast, 2019-2026
10. Latin America Commercial Refrigeration Equipment Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Commercial Refrigeration Equipment Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Commercial Refrigeration Equipment Market Size and Volume Forecast by Application
10.4.1. Food Service
10.4.2. Food and Beverage Retail
10.4.3. Food and Beverage Distribution
10.4.4. Food and Beverage Production
10.4.5. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Commercial Refrigeration Equipment Market Size and Volume Forecast by Type
10.7.1. Transport Refrigeration Equipment
10.7.2. Refrigerators and Freezers
10.7.3. Beverage Refrigerators
10.7.4. Others
10.7.5. Commercial Refrigeration Equipmen
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Commercial Refrigeration Equipment Demand Share Forecast, 2019-2026
11. Europe Commercial Refrigeration Equipment Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Commercial Refrigeration Equipment Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Commercial Refrigeration Equipment Market Size and Volume Forecast by Application
11.4.1. Food Service
11.4.2. Food and Beverage Retail
11.4.3. Food and Beverage Distribution
11.4.4. Food and Beverage Production
11.4.5. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Commercial Refrigeration Equipment Market Size and Volume Forecast by Type
11.7.1. Transport Refrigeration Equipment
11.7.2. Refrigerators and Freezers
11.7.3. Beverage Refrigerators
11.7.4. Others
11.7.5. Commercial Refrigeration Equipmen
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Commercial Refrigeration Equipment Demand Share, 2019-2026
12. Asia Pacific Commercial Refrigeration Equipment Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Commercial Refrigeration Equipment Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Commercial Refrigeration Equipment Market Size and Volume Forecast by Application
12.4.1. Food Service
12.4.2. Food and Beverage Retail
12.4.3. Food and Beverage Distribution
12.4.4. Food and Beverage Production
12.4.5. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Commercial Refrigeration Equipment Market Size and Volume Forecast by Type
12.7.1. Transport Refrigeration Equipment
12.7.2. Refrigerators and Freezers
12.7.3. Beverage Refrigerators
12.7.4. Others
12.7.5. Commercial Refrigeration Equipmen
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Commercial Refrigeration Equipment Demand Share, 2019-2026
13. Middle East & Africa Commercial Refrigeration Equipment Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Commercial Refrigeration Equipment Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Commercial Refrigeration Equipment Market Size and Volume Forecast by Application
13.4.1. Food Service
13.4.2. Food and Beverage Retail
13.4.3. Food and Beverage Distribution
13.4.4. Food and Beverage Production
13.4.5. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Commercial Refrigeration Equipment Market Size and Volume Forecast by Type
13.7.1. Transport Refrigeration Equipment
13.7.2. Refrigerators and Freezers
13.7.3. Beverage Refrigerators
13.7.4. Others
13.7.5. Commercial Refrigeration Equipmen
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Commercial Refrigeration Equipment Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Commercial Refrigeration Equipment Market: Market Share Analysis
14.2. Commercial Refrigeration Equipment Distributors and Customers
14.3. Commercial Refrigeration Equipment Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Ingersoll Rand
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Daikin Industries
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Dover Corporation
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Carrier
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Hussmann (Panasonic)
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Lennox (Heatcraft)
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Haier
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Illinois Tool Works
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Whirpool
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. GEA
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Blue Star
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. AHT Cooling Systems
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Alfa Laval
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Guntner GmbH
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Metalfrio Solutions
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Beverage-Air Corporation
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Yantai Moon
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Fujimak
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. Xingxing Group
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. Shanghai Reindustry
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3.
