Market Overview:
The global commercial bar 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 refrigerators, freezers, and other types of commercial bar refrigeration equipment from restaurants, hotels, supermarkets, and other end-users. Additionally, the growing economies in Asia Pacific and Latin America are expected to provide significant growth opportunities for players operating in the global commercial bar refrigeration equipment market during the forecast period.
Product Definition:
Refrigeration equipment is used to keep food and drinks cold in a bar or restaurant. It is important to have commercial refrigeration equipment because it keeps food and drinks cold, which helps maintain the quality of the food and drinks, and prevents bacteria from growing.
Refrigerators:
Refrigerators are used to store and preserve food and beverages at a lower temperature. They are available in various sizes, shapes, capacities, and refrigeration technologies. Refrigerators can be classified on the basis of their applications as small appliances or large appliances depending upon the space they occupy.
Freezers:
A freezer is an equipment used to store frozen food products such as meat, fish, vegetables and fruits. It helps in maintaining the freshness of the product by slowing down the oxidation process. Freezers are widely used in commercial refrigeration equipment industry owing to their ability to store a large amount of food with minimal maintenance cost.
Application Insights:
The market is segmented by application into a restaurant, hotel, supermarket and others. The restaurant segment held the largest share in 2017 owing to the growing number of restaurants across the globe. A combination of rising disposable income and busy lifestyle leads consumers to prefer casual dining over home cooking, which has been contributing significantly to industry growth. Furthermore, technological advancements such as digital menu boards have enhanced visibility and improved customer experience resulting in increased demand for commercial refrigeration equipment among restaurants worldwide.
The hotel application segment is expected to witness significant growth over the forecast period due to increasing construction of new hotels around the world with state-of-the-art amenities including conference centers and recreational facilities that require refrigerated food storage along with an advanced level of service from equipment ranging from room service delivery systems through frozen foods defrosting systems for convenience products such as ice cream bars & snacks requiring short shelf life packaging applications are widely used by hotels around the world thereby driving industry expansion at a global level.
Regional Analysis:
Asia Pacific dominated the global market in 2017. The region is expected to continue its dominance over the forecast period as well. This can be attributed to increasing spending on food and beverage industry by countries such as China, India, Japan and South Korea. These countries are investing heavily in their retail markets owing to growing demand for packaged food products along with rising disposable income of consumers.
Europe is anticipated to witness significant growth over the forecast period owing to increasing adoption of bar refrigeration systems across various segments including restaurants, hotels and supermarkets among others. Moreover, Europe has a large number of breweries that use these systems for storing beverages such as beer and soft drinks at proper temperature so that they remain fresh until consumed which further boosts regional growth prospects. North America also holds considerable potential due to presence of key players operating in this region like LG Electronics Inc.; Haier Group; Electrolux; Siemens AG; Bosch Ltd.
Growth Factors:
- Increasing demand for packaged and processed food products
- Growing number of hotels, restaurants, and bars across the globe
- Proliferation of convenience stores and supermarkets
- Rising disposable income of consumers in developing countries
- Technological advancements in commercial bar refrigeration equipment
Scope Of The Report
Report Attributes
Report Details
Report Title
Commercial Bar Refrigeration Equipment Market Research Report
By Type
Refrigerators, Freezers, Others
By Application
Restaurant, Hotel, Supermarket, Other
By Companies
Continental Refrigerator, ONNERA GROUP, Ali, TURBO AIR, Valpro Refrigeration, True Manufacturing, Continental Refrigerator
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
129
Number of Tables & Figures
91
Customization Available
Yes, the report can be customized as per your need.
Global Commercial Bar Refrigeration Equipment Market Report Segments:
The global Commercial Bar Refrigeration Equipment market is segmented on the basis of:
Types
Refrigerators, Freezers, Others
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
Restaurant, Hotel, Supermarket, Other
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:
- Continental Refrigerator
- ONNERA GROUP
- Ali
- TURBO AIR
- Valpro Refrigeration
- True Manufacturing
- Continental Refrigerator
Highlights of The Commercial Bar 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:
- Refrigerators
- Freezers
- Others
- By Application:
- Restaurant
- Hotel
- Supermarket
- Other
- 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 Bar 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
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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 bar refrigeration equipment is used to cool beverages and other food products. It includes a variety of devices, such as refrigerators, freezers, ice machines, and condensers.
Some of the major companies in the commercial bar refrigeration equipment market are Continental Refrigerator, ONNERA GROUP, Ali, TURBO AIR, Valpro Refrigeration, True Manufacturing, Continental Refrigerator.
The commercial bar refrigeration equipment market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Commercial Bar Refrigeration Equipment Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Commercial Bar Refrigeration Equipment Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Commercial Bar Refrigeration Equipment Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Commercial Bar Refrigeration Equipment Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Commercial Bar Refrigeration Equipment Market Size & Forecast, 2020-2028 4.5.1 Commercial Bar Refrigeration Equipment Market Size and Y-o-Y Growth 4.5.2 Commercial Bar Refrigeration Equipment Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Refrigerators
5.2.2 Freezers
5.2.3 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Restaurant
6.2.2 Hotel
6.2.3 Supermarket
6.2.4 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Commercial Bar Refrigeration Equipment Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Commercial Bar Refrigeration Equipment Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Refrigerators
9.6.2 Freezers
9.6.3 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Restaurant
9.10.2 Hotel
9.10.3 Supermarket
9.10.4 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Refrigerators
10.6.2 Freezers
10.6.3 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Restaurant
10.10.2 Hotel
10.10.3 Supermarket
10.10.4 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Refrigerators
11.6.2 Freezers
11.6.3 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Restaurant
11.10.2 Hotel
11.10.3 Supermarket
11.10.4 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Refrigerators
12.6.2 Freezers
12.6.3 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Restaurant
12.10.2 Hotel
12.10.3 Supermarket
12.10.4 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size 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 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Refrigerators
13.6.2 Freezers
13.6.3 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Restaurant
13.10.2 Hotel
13.10.3 Supermarket
13.10.4 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Commercial Bar Refrigeration Equipment Market: Competitive Dashboard
14.2 Global Commercial Bar Refrigeration Equipment Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Continental Refrigerator
14.3.2 ONNERA GROUP
14.3.3 Ali
14.3.4 TURBO AIR
14.3.5 Valpro Refrigeration
14.3.6 True Manufacturing
14.3.7 Continental Refrigerator