Market Overview:
The global walk-in 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 walk-in refrigerators and freezers from the food service industry, rising disposable income of consumers, and technological advancements in the field of walk-in refrigeration systems. The global walk-in refrigerator and freezer market can be segmented on the basis of type into indoor and outdoor units. The indoor segment is expected to account for a larger share of the market than outdoor units during the forecast period. This can be attributed to factors such as lower installation costs, easy availability, low maintenance requirements, and better energy efficiency as compared to outdoor units.
Product Definition:
Walk-in refrigerators and freezers are large units that are used to store food or other items at a specific temperature. They can be either commercial or residential units, and they typically have a lot of space inside them. This makes them ideal for storing large quantities of food, which is why they are often found in restaurants and grocery stores.
Indoor:
Indoor is the new emerging trend in the market of walk-in refrigerators & freezers. The growth factor for indoor is increasing due to growing demand from commercial sectors such as hospitals, shopping malls, and other cold storage facilities. Indoor refrigeration systems are used to store perishable products at lower temperatures using a vapor compression system or heat transfer process. These systems use less energy than air conditioning compressors and have low maintenance costs owing to fewer moving parts.
Outdoor:
Outdoor is the part of refrigeration equipment that is exposed to the external environment. It can be a building or a structure with walls and roof, or an outdoor unit without walls or roof. The walk-in freezers and refrigerators have an outdoor section as they are designed for storing fresh food products such as meat, seafood, fruits & vegetables along with other perishable goods.
Application Insights:
The market is segmented by application into a restaurant and supermarket. The restaurant segment dominated the overall industry in 2017, accounting for over 60% of the global revenue share. This growth can be attributed to an increase in demand for quick service restaurants (QSRs) across the globe. QSRs are widely adopting walk-in refrigerators & freezers owing to their ability to offer consistent product quality at all times, along with enhanced storage space and increased capacity compared to wall-mounted or built-in refrigerators & freezers at dine-out locations.
The supermarket application is expected witness significant growth over the forecast period due largely to its ability as a frozen food warehouse that offers flexibility in terms of stock control procedures while offering ease of access for customers who wish to purchase products on same day as per their requirements such as fresh meat, fish, poultry and seafood among other foods which need cold storage during preparation or consumption stage.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to retain its dominance over the forecast period as well. This growth can be attributed to increasing awareness regarding health, fitness and nutritional habits of consumers coupled with stringent government regulations about food wastage and storage space utilization. Furthermore, growing penetration of organized retail chains such as Walmart Inc., Kroger Co., Whole Foods Market Inc., along with other local players in countries like Mexico is anticipated to drive demand for walk-in refrigerators & freezers in this region.
Asia Pacific is expected to witness significant growth over the forecast period owing to rising disposable income levels among consumers especially urban middle class population that prefer fresh meat, seafood and vegetables daily rather than frozen ones thus driving demand for convenient options for food storage at home which areWalk-in Refrigerators & Freezers (WIR).
Growth Factors:
- Increasing demand for food products, especially frozen food items is expected to drive the growth of the walk-in refrigerators and freezers market.
- Rising disposable income of consumers is also anticipated to fuel the demand for walk-in refrigerators and freezers in the coming years.
- Proliferation of supermarkets, hypermarkets, and convenience stores is projected to create new opportunities for walk-in refrigerator and freezer manufacturers in the near future.
- Growing popularity of online grocery shopping is also expected to boost sales of these appliances in forthcoming years. 5) Technological advancements such as introduction of smart refrigerators with internet connectivity are likely to provide impetus to market growth over the forecast period
Scope Of The Report
Report Attributes
Report Details
Report Title
Walk-in Refrigerators & Freezers Market Research Report
By Type
Indoor, Outdoor
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
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
227
Number of Tables & Figures
159
Customization Available
Yes, the report can be customized as per your need.
Global Walk-in Refrigerators & Freezers Market Report Segments:
The global Walk-in Refrigerators & Freezers market is segmented on the basis of:
Types
Indoor, Outdoor
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
Highlights of The Walk-in 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:
- Indoor
- Outdoor
- 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 Walk-in 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
- 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?
Walk-in refrigerators and freezers are a type of home appliance that allow people to store food inside them. They are often smaller than traditional refrigerators, and they have a door that opens from the front instead of the side. This makes them easier to use for people who have difficulty getting around in a kitchen.
Some of the key players operating in the walk-in refrigerators & freezers 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.
The walk-in 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 Walk-in 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 Walk-in Refrigerators & Freezers Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Walk-in 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 Walk-in 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 Walk-in Refrigerators & Freezers Market Size & Forecast, 2020-2028
4.5.1 Walk-in Refrigerators & Freezers Market Size and Y-o-Y Growth
4.5.2 Walk-in Refrigerators & Freezers 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 Indoor
5.2.2 Outdoor
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 Supermarket
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Walk-in 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 Walk-in 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 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 Indoor
9.6.2 Outdoor
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 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 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 Indoor
10.6.2 Outdoor
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 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 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 Indoor
11.6.2 Outdoor
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 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 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 Indoor
12.6.2 Outdoor
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 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) 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 Indoor
13.6.2 Outdoor
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 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 Walk-in Refrigerators & Freezers Market: Competitive Dashboard
14.2 Global Walk-in 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 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
