Commercial Refrigeration Equipment - Global Strategic Business Report

Report
584 Pages
April 2024
Region: Global
Global Industry Analysts, Inc
ID: 5030074

The global market for Commercial Refrigeration Equipment is estimated at US$37.6 Billion in 2023 and is projected to reach US$52.8 Billion by 2030, growing at a CAGR of 5% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.

Key Insights:

Market Growth: Understand the significant growth trajectory of the Transportation Refrigeration Equipment segment, which is expected to reach US$15.1 Billion by 2030 with a CAGR of a 5.1%. The Freezers & Refrigerators segment is also set to grow at 4.2% CAGR over the next 7 years.
Regional Analysis: Gain insights into the U.S. market, estimated at $10.1 Billion in 2023, and China, forecasted to grow at an impressive 6.8% CAGR to reach $6.2 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Why You Should Buy This Report:

Detailed Market Analysis: Access a thorough analysis of the Global Commercial Refrigeration Equipment Market, covering all major geographic regions and market segments.
Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Commercial Refrigeration Equipment Market.
Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.

Key Questions Answered:

How is the Global Commercial Refrigeration Equipment Market expected to evolve by 2030?
What are the main drivers and restraints affecting the market?
Which market segments will grow the most over the forecast period?
How will market shares for different regions and segments change by 2030?
Who are the leading players in the market, and what are their prospects?

Report Features:

Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
Company Profiles: Coverage of major players such as AB Electrolux, Carrier Global Corporation, Daikin Industries Ltd., and more.
Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Select Competitors (Total 201 Featured):

AB Electrolux
Carrier Global Corporation
Daikin Industries Ltd.
Dover Corp.
Felix Storch Inc.
HOSHIZAKI Corp.
Foster Refrigerator
Panasonic Holdings Corp.
Standex International Corp.
Tefcold A/S
The Middleby Corp.
TURBO AIR Inc.
UAB FREOR LT
Valpro Commercial Refrigeration

MarketGlass Platform

Our reports are enhanced by the MarketGlass platform, which brings together industry experts and influencers to provide high-quality, accurate insights. This unique platform allows us to gather comprehensive data and market perspectives, ensuring you receive the most reliable and detailed analysis available.

I. METHODOLOGYII. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

A Cold Revolution, Refrigeration Becomes an Integral Part of Modern Life
Economic Frontiers: Trends, Trials & Transformations
Exhibit 1: In a World Torn by Geopolitical Instability & War, Steadfastness of Global GDP Becomes Increasingly Unpredictable Given the Many Direct and Indirect Economic Repercussions: World Economic Growth Projections (Real Gross Domestic Product (GDP), Annual % Change) for the Years 2022 Through 2025
Exhibit 2: All Eyes on Global Inflation, the Main Risk Factor in Global Markets: Global Headline Inflation Rates (In %) for the Years 2019 through 2025
Exhibit 3: With Oil Prices Influencing the Rate of inflation, it Remains the Most Watched Commodity in Global Markets: Global Average Annual Brent Crude Oil Price (In US$ Per Barrel) for Years 2019 through 2025
Competition
Exhibit 4: Commercial Refrigeration Equipment - Global Key Competitors Percentage Market Share in 2024 (E)
Competitive Market Presence - Strong/Active/Niche/Trivial for 201 Players Worldwide in 2024 (E)
Influencer/Product/Technology Insights
Recent Market Activity

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

Development of Cold Chain Warehousing, Distribution & Logistics Provides the Cornerstone for Growth in the Commercial Refrigeration Equipment Market
Rise in Global Trade & Retail Drives Demand for Transportation Refrigeration Equipment
Exhibit 5: Favorable Trade Patterns are a Major Determinant of Demand for Transport Refrigeration: Global Merchandise Trade Value (In US$ Trillion) for Years 2022, 2023 and 2024
Continuous Development of World’s Highways to Expand Market Opportunities for Refrigerated Road Freight Transportation
Exhibit 6: Connecting Roads to Refrigerated Logistics: Road Construction Projects in the Pipeline Worldwide (In US$ Billion) for the Year 2024 by Region
Robust Consumption of Frozen Foods Drives Demand for Efficient Refrigeration Equipment
Exhibit 7: Growing Demand for Frozen Foods Bodes Well for Commercial Refrigeration Equipment: Global Opportunity for Frozen Foods by Type (In US$ Billion) for Years 2020, 2022, 2024, 2026
Commercial Walk-In Fridge Rises in Demand Among Hospitality, Food-Service & Restaurant Sectors
“Grab-and-Go” Convenience Drives Up the Popularity of Refrigerated Vending Machines
Remote Refrigeration Management Rises in Popularity. Here’s Why
Rising Competition in the Modern Visually Stimulated Retail World Drives Demand for Refrigerated Display Cases (RDCs)
With Over 26% Share in Frozen Foods, Rising Meat Consumption Bodes Well for RDCs in Meat Retailing
Exhibit 8: Robust Demand for Protein Rich Diets to Drive Demand for RDCs in the Meat Section of Supermarkets: Global Average Per Capita Consumption of Meat & Seafood (In Kgs) for Years 2020, 2022, 2024 & 2026
Robust Demand for Bakery Products to Benefit Demand For RDCs
Exhibit 9: Increased Consumption of Baked Goodies Translates Into Greater Need for Refrigerated Storage & Display Cases: Global Bakery Products Market (In US$ Billion) for Years 2024, 2026, 2028, 2030 and 2032
Growing Investments in Food Retailing to Benefit Growth in the Market
Exhibit 10: A Robust Food & Grocery Retail Market Brings Cheer for Commercial Refrigeration Equipment Manufacturers: Global Food & Grocery Retail Market (In US$ Trillion) for Years 2024, 2026, 2028 and 2030
Strong Outlook for the Restaurant & Food Service Industry Bodes Well for Market Growth
Exhibit 11: Refrigerated Systems in Food Service Becomes a Lucrative Business Opportunity to Tap: Global Food Service Industry (In US$ Trillion) for Years 2024, 2026, 2028 and 2030
Rise in Floriculture Bodes Well for the Growth of Commercial Refrigeration Equipment
Exhibit 12: As Flowers Become a Lucrative Trade Commodity, New Opportunities Open for Refrigeration Systems in the Floral Cold Chain: Global Market for Cut Flowers (In US$ Billion) for Years 2023, 2025, 2027, 2029, 2031 and 2033
AI Makes Inroads Into the Commercial Refrigeration Space
Sustainability Wave Hits the Refrigeration Equipment Market
Energy Efficient Commercial Refrigeration Equipment Steals the Spotlight
Natural, Eco-Friendly Refrigerants Storm Into the Spotlight
Recycled CO2 Rises in Popularity Over Synthetic Refrigerants
A Peek Into the Disruptive Rise of Blockchain Enabled Refrigerated Containers

4. GLOBAL MARKET PERSPECTIVE

Table 1: World Commercial Refrigeration Equipment Market Analysis of Annual Sales in US$ Million for Years 2014 through 2030
Table 2: World Recent Past, Current & Future Analysis for Commercial Refrigeration Equipment by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
Table 3: World Historic Review for Commercial Refrigeration Equipment by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
Table 4: World 16-Year Perspective for Commercial Refrigeration Equipment by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets for Years 2014, 2024 & 2030
Table 5: World Recent Past, Current & Future Analysis for Transportation Refrigeration Equipment by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
Table 6: World Historic Review for Transportation Refrigeration Equipment by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
Table 7: World 16-Year Perspective for Transportation Refrigeration Equipment by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
Table 8: World Recent Past, Current & Future Analysis for Freezers & Refrigerators by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
Table 9: World Historic Review for Freezers & Refrigerators by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
Table 10: World 16-Year Perspective for Freezers & Refrigerators by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
Table 11: World Recent Past, Current & Future Analysis for Refrigerated Display Cases by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
Table 12: World Historic Review for Refrigerated Display Cases by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
Table 13: World 16-Year Perspective for Refrigerated Display Cases by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
Table 14: World Recent Past, Current & Future Analysis for Beverage Refrigerators by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
Table 15: World Historic Review for Beverage Refrigerators by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
Table 16: World 16-Year Perspective for Beverage Refrigerators by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
Table 17: World Recent Past, Current & Future Analysis for Other Product Types by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
Table 18: World Historic Review for Other Product Types by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
Table 19: World 16-Year Perspective for Other Product Types by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
Table 20: World Recent Past, Current & Future Analysis for Food Service Application by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
Table 21: World Historic Review for Food Service Application by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
Table 22: World 16-Year Perspective for Food Service Application by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
Table 23: World Recent Past, Current & Future Analysis for Food & Beverage Retail Application by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
Table 24: World Historic Review for Food & Beverage Retail Application by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
Table 25: World 16-Year Perspective for Food & Beverage Retail Application by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
Table 26: World Recent Past, Current & Future Analysis for Food & Beverage Distribution Application by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
Table 27: World Historic Review for Food & Beverage Distribution Application by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
Table 28: World 16-Year Perspective for Food & Beverage Distribution Application by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
Table 29: World Recent Past, Current & Future Analysis for Food & Beverage Production Application by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
Table 30: World Historic Review for Food & Beverage Production Application by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
Table 31: World 16-Year Perspective for Food & Beverage Production Application by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030
Table 32: World Recent Past, Current & Future Analysis for Other Applications by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2023 through 2030 and % CAGR
Table 33: World Historic Review for Other Applications by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ Million for Years 2014 through 2022 and % CAGR
Table 34: World 16-Year Perspective for Other Applications by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2014, 2024 & 2030

III. MARKET ANALYSIS

UNITED STATES

Commercial Refrigeration Equipment Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2024 (E)
Market Analytics

CANADA

JAPAN

Commercial Refrigeration Equipment Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2024 (E)
Market Analytics

CHINA

Commercial Refrigeration Equipment Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2024 (E)
Market Analytics

EUROPE

Commercial Refrigeration Equipment Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2024 (E)
Market Analytics

FRANCEGERMANYITALYUNITED KINGDOMSPAINRUSSIAREST OF EUROPE

ASIA-PACIFIC

Commercial Refrigeration Equipment Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2024 (E)
Market Analytics

AUSTRALIAINDIASOUTH KOREAREST OF ASIA-PACIFICLATIN AMERICAARGENTINABRAZILMEXICOREST OF LATIN AMERICAMIDDLE EASTIRANISRAELSAUDI ARABIAUNITED ARAB EMIRATESREST OF MIDDLE EASTAFRICAIV. COMPETITION

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

AB Electrolux
Carrier Global Corporation
Daikin Industries Ltd.
Dover Corp.
Felix Storch Inc.
HOSHIZAKI Corp.
Foster Refrigerator
Panasonic Holdings Corp.
Standex International Corp.
Tefcold A/S
The Middleby Corp.
TURBO AIR Inc.
UAB FREOR LT
Valpro Commercial Refrigeration

Table Information

Report Attribute	Details
No. of Pages	584
Published	April 2024
Forecast Period	2023 - 2030
Estimated Market Value ( USD ) in 2023	$ 37.6 Billion
Forecasted Market Value ( USD ) by 2030	$ 52.8 Billion
Compound Annual Growth Rate	5.0%
Regions Covered	Global

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Key Insights:

Why You Should Buy This Report:

Key Questions Answered:

Report Features:

Select Competitors (Total 201 Featured):

MarketGlass Platform

Table of Contents

Companies Mentioned (Partial List)

Table Information

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