Market Overview:
The global commercial food 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 beverage products, rising disposable income, and growing urbanization. In terms of type, the refrigerator and freezer segment is expected to dominate the market during the forecast period owing to its widespread use in various applications such as food services, food and beverage retail, etc. In terms of application, the food services segment is projected to lead the market during 2018-2030 due to an increase in demand for cold storage facilities by hotels & restaurants across regions.
Product Definition:
Commercial food refrigeration equipment is a type of refrigeration that is used in a commercial setting. This type of equipment is important because it helps to keep food cold and fresh. It can also help to extend the shelf life of food items.
Refrigerators and Freezers:
Refrigerators and freezers are used for storing food at a temperature below 0°C (32°F) and above 32°F respectively. They are widely used in the food industry to store, preserve, and distribute perishable products such as meat, fish, poultry products; dairy items; fresh vegetables & fruits; bakery items and other frozen foods.
Beverage Dispensers:
Beverage dispensers are used in commercial food refrigeration equipment to provide beverages such as juices, milk, and other cold drinks. It is a mechanical device that enables the operator to deliver beverages from a refrigerator without opening the door. The most common types of beverage dispensers include top load and wall-mounted beverage dispensers.
Application Insights:
Food services accounted for the largest share in 2016 and are expected to continue leading over the forecast period. This is attributed to an increase in demand for ready-to-eat products, which has resulted in a rise in food service operations. Furthermore, rising disposable income levels coupled with rapid urbanization have led to an increase in demand for packaged and processed foods, which has further propelled industry growth.
The beverage dispenser segment is also expected to witness significant growth owing to its ability refrigeration equipment manufacturers¢â‚¬â„¢ focus on providing efficient cooling systems that can handle various beverages types without compromising on quality or taste. The use of beverage dispensers helps operators save costs as they do not require constant refilling of drinks containers as they are self-service systems; this factor is anticipated drive their adoption over the next few years.
Other applications include cold storage facilities where consumers prefer purchasing frozen goods such as fruits.
Regional Analysis:
Asia Pacific is expected to register the highest CAGR of XX% over the forecast period, owing to increasing demand for commercial food refrigeration equipment in emerging economies such as China and India. The growing number of restaurants and retail chains are also driving regional growth. For instance, as per a recent survey by Google Inc., India had more than 300 million restaurant reviews which is a huge opportunity for food service providers in this region to gain traction with their menu offerings and attract new customers with innovative recipes.
North America accounted for 24% market share in 2017 owing to high demand from U.S., where there are around 14 million businesses that serve food on premises or at least once per day (excluding hospitals).
Growth Factors:
- Increasing demand for processed and packaged food products
- Growing number of supermarkets, hypermarkets, and convenience stores
- Proliferation of fast-food chains and restaurants
- Rising disposable income of consumers in developing countries
- Technological advancements in commercial refrigeration equipment
Scope Of The Report
Report Attributes
Report Details
Report Title
Commercial Food Refrigeration Equipment Market Research Report
By Type
Refrigerators and Freezers, Beverage Dispensers, Ice Machines, Others
By Application
Food Services, Food and Beverage Retail, Food and Beverage Distribution, Others
By Companies
Blue Star Limited, Carrier Corporation, Daikin Industries, Danfoss A/S, Dover Corporation, Hussmann International, Illinois Tool Works, Lennox International, Metalfrio Solutions, Standex International Corporation, Blue Star Limited
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
215
Number of Tables & Figures
151
Customization Available
Yes, the report can be customized as per your need.
Global Commercial Food Refrigeration Equipment Market Report Segments:
The global Commercial Food Refrigeration Equipment market is segmented on the basis of:
Types
Refrigerators and Freezers, Beverage Dispensers, Ice Machines, 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
Food Services, Food and Beverage Retail, Food and Beverage Distribution, 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:
- Blue Star Limited
- Carrier Corporation
- Daikin Industries
- Danfoss A/S
- Dover Corporation
- Hussmann International
- Illinois Tool Works
- Lennox International
- Metalfrio Solutions
- Standex International Corporation
- Blue Star Limited
Highlights of The Commercial Food 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 and Freezers
- Beverage Dispensers
- Ice Machines
- Others
- By Application:
- Food Services
- Food and Beverage Retail
- Food and Beverage Distribution
- 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 Food 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 food refrigeration equipment is used to store and preserve food. It can be used in restaurants, grocery stores, and other commercial settings.
Some of the major players in the commercial food refrigeration equipment market are Blue Star Limited, Carrier Corporation, Daikin Industries, Danfoss A/S, Dover Corporation, Hussmann International, Illinois Tool Works, Lennox International, Metalfrio Solutions, Standex International Corporation, Blue Star Limited.
The commercial food 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 Food 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 Food Refrigeration Equipment Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Commercial Food 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 Food 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 Food Refrigeration Equipment Market Size & Forecast, 2018-2028
4.5.1 Commercial Food Refrigeration Equipment Market Size and Y-o-Y Growth
4.5.2 Commercial Food Refrigeration Equipment Market Absolute $ Opportunity
Chapter 5 Global Commercial Food Refrigeration Equipment 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 Commercial Food Refrigeration Equipment Market Size Forecast by Type
5.2.1 Refrigerators and Freezers
5.2.2 Beverage Dispensers
5.2.3 Ice Machines
5.2.4 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Commercial Food Refrigeration Equipment 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 Commercial Food Refrigeration Equipment Market Size Forecast by Applications
6.2.1 Food Services
6.2.2 Food and Beverage Retail
6.2.3 Food and Beverage Distribution
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Commercial Food 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 Food 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 Commercial Food Refrigeration Equipment Analysis and Forecast
9.1 Introduction
9.2 North America Commercial Food Refrigeration Equipment 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 Commercial Food Refrigeration Equipment Market Size Forecast by Type
9.6.1 Refrigerators and Freezers
9.6.2 Beverage Dispensers
9.6.3 Ice Machines
9.6.4 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 Commercial Food Refrigeration Equipment Market Size Forecast by Applications
9.10.1 Food Services
9.10.2 Food and Beverage Retail
9.10.3 Food and Beverage Distribution
9.10.4 Others
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 Commercial Food Refrigeration Equipment Analysis and Forecast
10.1 Introduction
10.2 Europe Commercial Food Refrigeration Equipment 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 Commercial Food Refrigeration Equipment Market Size Forecast by Type
10.6.1 Refrigerators and Freezers
10.6.2 Beverage Dispensers
10.6.3 Ice Machines
10.6.4 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 Commercial Food Refrigeration Equipment Market Size Forecast by Applications
10.10.1 Food Services
10.10.2 Food and Beverage Retail
10.10.3 Food and Beverage Distribution
10.10.4 Others
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 Commercial Food Refrigeration Equipment Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Commercial Food Refrigeration Equipment 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 Commercial Food Refrigeration Equipment Market Size Forecast by Type
11.6.1 Refrigerators and Freezers
11.6.2 Beverage Dispensers
11.6.3 Ice Machines
11.6.4 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 Commercial Food Refrigeration Equipment Market Size Forecast by Applications
11.10.1 Food Services
11.10.2 Food and Beverage Retail
11.10.3 Food and Beverage Distribution
11.10.4 Others
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 Commercial Food Refrigeration Equipment Analysis and Forecast
12.1 Introduction
12.2 Latin America Commercial Food Refrigeration Equipment 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 Commercial Food Refrigeration Equipment Market Size Forecast by Type
12.6.1 Refrigerators and Freezers
12.6.2 Beverage Dispensers
12.6.3 Ice Machines
12.6.4 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 Commercial Food Refrigeration Equipment Market Size Forecast by Applications
12.10.1 Food Services
12.10.2 Food and Beverage Retail
12.10.3 Food and Beverage Distribution
12.10.4 Others
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) Commercial Food Refrigeration Equipment Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Commercial Food Refrigeration Equipment 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) Commercial Food Refrigeration Equipment Market Size Forecast by Type
13.6.1 Refrigerators and Freezers
13.6.2 Beverage Dispensers
13.6.3 Ice Machines
13.6.4 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) Commercial Food Refrigeration Equipment Market Size Forecast by Applications
13.10.1 Food Services
13.10.2 Food and Beverage Retail
13.10.3 Food and Beverage Distribution
13.10.4 Others
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 Food Refrigeration Equipment Market: Competitive Dashboard
14.2 Global Commercial Food Refrigeration Equipment Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Blue Star Limited
14.3.2 Carrier Corporation
14.3.3 Daikin Industries
14.3.4 Danfoss A/S
14.3.5 Dover Corporation
14.3.6 Hussmann International
14.3.7 Illinois Tool Works
14.3.8 Lennox International
14.3.9 Metalfrio Solutions
14.3.10 Standex International Corporation
14.3.11 Blue Star Limited
