Market Overview:
The global commercial undercounter 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 these products from restaurants and supermarkets across the globe. In addition, the growing trend of miniaturization is also contributing to the growth of this market. On the basis of type, the global commercial undercounter refrigerators and freezers market can be segmented into built-in and freestanding units. The freestanding units segment is expected to account for a larger share of this market than the built-in units segment during the forecast period. This can be attributed to their lower cost as compared with built-in units and their easy installation process. On the basis of application,the global commercial undercounter refrigerators and freezersmarket can be divided into restaurantand supermarketsegments.
Product Definition:
A commercial undercounter refrigerator or freezer is a type of refrigerator or freezer that is typically used in a business setting, such as a restaurant. These appliances are important for keeping food items cold or frozen, which helps to maintain the quality and integrity of the food.
Built In:
The built-in segment is expected to grow at a CAGR of XX% in the commercial undercounter refrigerators & freezers market. The growth factor can be attributed to the increasing demand for energy-efficient and compact refrigerator/freezer units with improved design and features.
Freestanding:
Freestanding refrigerators and freezers are used in commercial places such as restaurants, hotels, food trucks, catering events among others. These appliances have doors or lids that can be closed to protect food and other items stored inside from external environment. The freestanding type is the most common type of undercounter refrigerator & freezer available in the market.
Application Insights:
The market is segmented by application into a restaurant, supermarket and others. The restaurant application dominated the global commercial undercounter refrigerators & freezers market in 2017, accounting for over 60% of the overall share. This can be attributed to an increase in demand for quick service restaurants (QSRs) across the globe coupled with growing consumer preference for on-the-go food products.
Supermarket applications are expected to witness significant growth over the forecast period owing to increasing penetration of supermarkets and hypermarkets across various regions including North America, Europe and Asia Pacific. Growing urbanization along with rising disposable income levels has led to increased consumption of frozen foods such as meat, fish and poultry among other grocery items at home which is likely to drive demand over the forecast period.
Regional Analysis:
Asia Pacific dominated the global commercial undercounter refrigerators & freezers market in 2017. The region is expected to witness significant growth over the forecast period owing to increasing penetration of organized retail sector and changing lifestyles of consumers, leading to increased demand for food products, such as fresh meat, fish and dairy. Furthermore, rising disposable income levels in developing countries like China and India are anticipated to fuel demand for these appliances over the next eight years.
North America is projected to be one of the fastest-growing regional markets from 2018 until 2030 due its high consumption rate along with growing population coupled with increasing awareness regarding health issues relatedto obesity. Moreover, presence of a large number of manufacturers has led this region into being a major consumer as well as producer thus making it an important regional market for global players looking forward expand their business footprint across other regions around the world including Asia Pacific and Latin America among others).
Growth Factors:
- Increasing demand for food and beverages due to changing lifestyle and growing population
- Technological advancements in refrigeration systems that offer energy-efficient and compact designs
- Proliferation of convenience stores, supermarkets, restaurants, hotels, hospitals etc., that require undercounter refrigerators & freezers for storage of food items
- Rising disposable income levels of consumers that enable them to purchase premium quality products
- Growing trend of online shopping for groceries and other food items that requires delivery of cold storage products
Scope Of The Report
Report Attributes
Report Details
Report Title
Commercial Undercounter Refrigerators & Freezers Market Research Report
By Type
Built In, Freestanding
By Application
Restaurant, Supermarket
By Companies
Carrier Commercial Refrigeration, AHT Cooling Systems GmbH, Hoshizaki International, Panasonic, Dover Corporation, Epta SpA, Arneg, Illinois Tool Works Inc, Ali Group, Frigoglass, Aucma, Ugur Cooling, Metalfrio Solutions
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
178
Number of Tables & Figures
125
Customization Available
Yes, the report can be customized as per your need.
Global Commercial Undercounter Refrigerators & Freezers Market Report Segments:
The global Commercial Undercounter Refrigerators & Freezers market is segmented on the basis of:
Types
Built In, Freestanding
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
- AHT Cooling Systems GmbH
- Hoshizaki International
- Panasonic
- Dover Corporation
- Epta SpA
- Arneg
- Illinois Tool Works Inc
- Ali Group
- Frigoglass
- Aucma
- Ugur Cooling
- Metalfrio Solutions
Highlights of The Commercial Undercounter Refrigerators & Freezers 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:
- Built In
- Freestanding
- 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 Undercounter Refrigerators & Freezers 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
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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 undercounter refrigerators and freezers are typically used in restaurants, grocery stores, and other commercial settings. These units are designed to be as small as possible while still providing adequate cooling capacity. They typically have a lower profile than traditional upright refrigerators, making them more difficult to see and less likely to obstruct traffic flow.
Some of the major players in the commercial undercounter refrigerators & freezers market are Carrier Commercial Refrigeration, AHT Cooling Systems GmbH, Hoshizaki International, Panasonic, Dover Corporation, Epta SpA, Arneg, Illinois Tool Works Inc, Ali Group, Frigoglass, Aucma, Ugur Cooling, Metalfrio Solutions.
The commercial undercounter refrigerators & freezers 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 Undercounter Refrigerators & Freezers 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 Undercounter Refrigerators & Freezers Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Commercial Undercounter Refrigerators & Freezers 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 Undercounter Refrigerators & Freezers 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 Undercounter Refrigerators & Freezers Market Size & Forecast, 2018-2028
4.5.1 Commercial Undercounter Refrigerators & Freezers Market Size and Y-o-Y Growth
4.5.2 Commercial Undercounter Refrigerators & Freezers Market Absolute $ Opportunity
Chapter 5 Global Commercial Undercounter Refrigerators & Freezers 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 Undercounter Refrigerators & Freezers Market Size Forecast by Type
5.2.1 Built In
5.2.2 Freestanding
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Commercial Undercounter Refrigerators & Freezers 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 Undercounter Refrigerators & Freezers Market Size Forecast by Applications
6.2.1 Restaurant
6.2.2 Supermarket
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Commercial Undercounter Refrigerators & Freezers 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 Undercounter Refrigerators & Freezers 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 Undercounter Refrigerators & Freezers Analysis and Forecast
9.1 Introduction
9.2 North America Commercial Undercounter Refrigerators & Freezers 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 Undercounter Refrigerators & Freezers Market Size Forecast by Type
9.6.1 Built In
9.6.2 Freestanding
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 Undercounter Refrigerators & Freezers 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 Undercounter Refrigerators & Freezers Analysis and Forecast
10.1 Introduction
10.2 Europe Commercial Undercounter Refrigerators & Freezers 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 Undercounter Refrigerators & Freezers Market Size Forecast by Type
10.6.1 Built In
10.6.2 Freestanding
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 Undercounter Refrigerators & Freezers 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 Undercounter Refrigerators & Freezers Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Commercial Undercounter Refrigerators & Freezers 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 Undercounter Refrigerators & Freezers Market Size Forecast by Type
11.6.1 Built In
11.6.2 Freestanding
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 Undercounter Refrigerators & Freezers 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 Undercounter Refrigerators & Freezers Analysis and Forecast
12.1 Introduction
12.2 Latin America Commercial Undercounter Refrigerators & Freezers 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 Undercounter Refrigerators & Freezers Market Size Forecast by Type
12.6.1 Built In
12.6.2 Freestanding
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 Undercounter Refrigerators & Freezers 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 Undercounter Refrigerators & Freezers Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Commercial Undercounter Refrigerators & Freezers 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 Undercounter Refrigerators & Freezers Market Size Forecast by Type
13.6.1 Built In
13.6.2 Freestanding
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 Undercounter Refrigerators & Freezers 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 Undercounter Refrigerators & Freezers Market: Competitive Dashboard
14.2 Global Commercial Undercounter Refrigerators & Freezers Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Carrier Commercial Refrigeration
14.3.2 AHT Cooling Systems GmbH
14.3.3 Hoshizaki International
14.3.4 Panasonic
14.3.5 Dover Corporation
14.3.6 Epta SpA
14.3.7 Arneg
14.3.8 Illinois Tool Works Inc
14.3.9 Ali Group
14.3.10 Frigoglass
14.3.11 Aucma
14.3.12 Ugur Cooling
14.3.13 Metalfrio Solutions
