Market Overview:
The global commercial refrigerators and freezers 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 refrigerator segment is expected to dominate the global commercial refrigerators and freezers market during the forecast period. This can be attributed to the increasing demand for cold storage in restaurants, supermarkets, hotels, hospitals, etc., across different regions.
Product Definition:
A commercial refrigerator is a type of refrigerator that is used in a business setting, such as a grocery store or restaurant. A commercial freezer is a type of freezer that is used in a business setting, such as a grocery store or restaurant. Commercial refrigerators and freezers are important because they keep food cold or frozen, which helps businesses to keep their food products fresh.
Refrigerators:
Refrigerators are cooling devices which maintain low temperature of food and beverages. It is majorly used for storage of fresh produce, dairy products, and other perishable items. Refrigeration technology has evolved over the years with evolution in science & engineering and changing consumer requirements.
Freezers:
A freezer is a cold chamber used to store food at a temperature below that of the surrounding area. They are usually found in refrigerators and consist of an insulated outer shell, which allows them to maintain and preserve food items at their frozen state. The most common types of freezers include chest freezers, upright freezers, dual-speedfreezers (U-shaped), and walk-in freezers.
Application Insights:
The commercial refrigerators and freezer market is segmented on the basis of application into a restaurant, supermarket and others. The restaurant segment dominated the global market in 2017 owing to increasing consumer spending on food and beverages. Consumers continue to spend more money for better quality products which has resulted in increased demand for commercial refrigerators & freezers in restaurants over the past few years. Furthermore, an increase in number of eating joints or restaurants due to growing population is expected to drive product demand over the forecast period.
Supermarket segment held a significant share of global revenue as well as volume in 2017 due to rising disposable income among consumers coupled with their preference for shopping at regular stores rather than hypermarkets or supermarkets at airports or railway stations where they have limited options available for food storage owing to lack of space constraints. Moreover, manufacturers are increasingly focusing on providing customized solutions according by customer requirements which is further anticipated fuel industry growth over next few years.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market with a CAGR of XX% from 2018 to 2030 owing to increasing purchasing power, rapid urbanization and changing lifestyles. Moreover, growing demand for small & medium size household appliances due to space constraints will drive the market in this region. Furthermore, rising number of nuclear families will further boost product demand in this region over the forecast period.
North America held a significant share in 2017 owing to high disposable income of consumers and steady employment rate across U.S., Canada and Mexico as compared to other regions globally; thus resulting into higher spending on household appliances including refrigerators & freezer units at home or at work place by corporate individuals or government employees respectively driving growth across this region over last few years has resulted into increased sales volume for commercial type refrigerators & freezers which are manufactured by major global players such as Samsung Electronics Co., Ltd.; Haier Inc.; Electrolux AB; LG Electronics Inc.
Growth Factors:
- Increasing demand for frozen food products: The global frozen food market is projected to grow at a CAGR of 5.4% from 2017 to 2022, reaching a value of USD 191.5 billion by 2022. This growth can be attributed to the increasing demand for convenience foods and the rising number of working women across the world. Frozen food products are easy-to-cook and offer a variety of flavors, which has led to their increasing popularity among consumers.
- Growing urbanization and changing lifestyles: The growth in urban population is leading to an increase in the demand for commercial refrigerators & freezers as these appliances are essential for storing perishable items in densely populated areas where space is limited. Additionally, changing lifestyles have resulted in people eating out more often, which has increased the demand for commercial refrigerators & freezers in restaurants and other foodservice establishments.
Scope Of The Report
Report Attributes
Report Details
Report Title
Commercial Refrigerators & Freezer Market Research Report
By Type
Refrigerators, Freezers
By Application
Restaurant, Supermarket
By Companies
Carrier Commercial Refrigeration, Haier, Hoshizaki International, Panasonic, Dover Corporation, Epta SpA, Zhejiang Xingxing, AHT Cooling Systems GmbH, Ali Group, Frigoglass, Aucma, Ugur Cooling, Metalfrio Solutions, Illinois Tool Works Inc, Liebherr, Arneg, Qingdao Hiron, True Manufacturing, YINDU KITCHEN EQUIPMENT, Auspicou
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
207
Number of Tables & Figures
145
Customization Available
Yes, the report can be customized as per your need.
Global Commercial Refrigerators & Freezer Market Report Segments:
The global Commercial Refrigerators & Freezer market is segmented on the basis of:
Types
Refrigerators, Freezers
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, Supermarket
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:
- Carrier Commercial Refrigeration
- Haier
- Hoshizaki International
- Panasonic
- Dover Corporation
- Epta SpA
- Zhejiang Xingxing
- AHT Cooling Systems GmbH
- Ali Group
- Frigoglass
- Aucma
- Ugur Cooling
- Metalfrio Solutions
- Illinois Tool Works Inc
- Liebherr
- Arneg
- Qingdao Hiron
- True Manufacturing
- YINDU KITCHEN EQUIPMENT
- Auspicou
Highlights of The Commercial Refrigerators & Freezer 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
- By Application:
- Restaurant
- Supermarket
- 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 Refrigerators & Freezer 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 refrigerators and freezers are large, room-sized appliances used to store food. They are typically found in restaurants, grocery stores, and other commercial settings.
Some of the major companies in the commercial refrigerators & freezer market are Carrier Commercial Refrigeration, Haier, Hoshizaki International, Panasonic, Dover Corporation, Epta SpA, Zhejiang Xingxing, AHT Cooling Systems GmbH, Ali Group, Frigoglass, Aucma, Ugur Cooling, Metalfrio Solutions, Illinois Tool Works Inc, Liebherr, Arneg, Qingdao Hiron, True Manufacturing, YINDU KITCHEN EQUIPMENT, Auspicou.
The commercial refrigerators & freezer market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Commercial Refrigerators & Freezer 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 Refrigerators & Freezer Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Commercial Refrigerators & Freezer 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 Refrigerators & Freezer 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 Refrigerators & Freezer Market Size & Forecast, 2018-2028
4.5.1 Commercial Refrigerators & Freezer Market Size and Y-o-Y Growth
4.5.2 Commercial Refrigerators & Freezer Market Absolute $ Opportunity
Chapter 5 Global Commercial Refrigerators & Freezer 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 Refrigerators & Freezer Market Size Forecast by Type
5.2.1 Refrigerators
5.2.2 Freezers
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Commercial Refrigerators & Freezer 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 Refrigerators & Freezer Market Size Forecast by Applications
6.2.1 Restaurant
6.2.2 Supermarket
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Commercial Refrigerators & Freezer 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 Refrigerators & Freezer 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 Refrigerators & Freezer Analysis and Forecast
9.1 Introduction
9.2 North America Commercial Refrigerators & Freezer 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 Refrigerators & Freezer Market Size Forecast by Type
9.6.1 Refrigerators
9.6.2 Freezers
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 Refrigerators & Freezer Market Size Forecast by Applications
9.10.1 Restaurant
9.10.2 Supermarket
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 Refrigerators & Freezer Analysis and Forecast
10.1 Introduction
10.2 Europe Commercial Refrigerators & Freezer 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 Refrigerators & Freezer Market Size Forecast by Type
10.6.1 Refrigerators
10.6.2 Freezers
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 Refrigerators & Freezer Market Size Forecast by Applications
10.10.1 Restaurant
10.10.2 Supermarket
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 Refrigerators & Freezer Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Commercial Refrigerators & Freezer 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 Refrigerators & Freezer Market Size Forecast by Type
11.6.1 Refrigerators
11.6.2 Freezers
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 Refrigerators & Freezer Market Size Forecast by Applications
11.10.1 Restaurant
11.10.2 Supermarket
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 Refrigerators & Freezer Analysis and Forecast
12.1 Introduction
12.2 Latin America Commercial Refrigerators & Freezer 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 Refrigerators & Freezer Market Size Forecast by Type
12.6.1 Refrigerators
12.6.2 Freezers
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 Refrigerators & Freezer Market Size Forecast by Applications
12.10.1 Restaurant
12.10.2 Supermarket
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 Refrigerators & Freezer Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Commercial Refrigerators & Freezer 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 Refrigerators & Freezer Market Size Forecast by Type
13.6.1 Refrigerators
13.6.2 Freezers
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 Refrigerators & Freezer Market Size Forecast by Applications
13.10.1 Restaurant
13.10.2 Supermarket
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 Refrigerators & Freezer Market: Competitive Dashboard
14.2 Global Commercial Refrigerators & Freezer Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Carrier Commercial Refrigeration
14.3.2 Haier
14.3.3 Hoshizaki International
14.3.4 Panasonic
14.3.5 Dover Corporation
14.3.6 Epta SpA
14.3.7 Zhejiang Xingxing
14.3.8 AHT Cooling Systems GmbH
14.3.9 Ali Group
14.3.10 Frigoglass
14.3.11 Aucma
14.3.12 Ugur Cooling
14.3.13 Metalfrio Solutions
14.3.14 Illinois Tool Works Inc
14.3.15 Liebherr
14.3.16 Arneg
14.3.17 Qingdao Hiron
14.3.18 True Manufacturing
14.3.19 YINDU KITCHEN EQUIPMENT
14.3.20 Auspicou
