News - Full StoryCommercial Refrigeration Equipment Market: Historic Industry Size & Analysis of 15 Vendors and 7 Countries
NEW YORK, Nov. 24, 2022 /PRNewswire/ -- The commercial refrigeration equipment market size is forecasted to increase by USD 17886.21 million from 2022 to 2027, at a CAGR of 7.4%, according to the recent market study by Technavio. The growth of the market will be driven by the need to increase the storage life of food products, market expansion by end-users, and the growing focus on merchandising refrigerated food and beverages.
Technavio categorizes the global commercial refrigeration equipment market as a part of the global electrical components and equipment, which covers companies engaged in the manufacturing of electric cables and wires, electrical components, and electrical equipment.
Charts & data tables about market and segment sizes for a historic period of five (2017-2021) years have been covered in this report. Download the Sample Report
Technavio has extensively analyzed 15 major vendors, including AB Electrolux, Ali Group Srl, Blue Star Ltd., Daikin Industries Ltd., Dover Corp., Felix Storch Inc., FUJIMAK Corp., HOSHIZAKI Corp., Illinois Tool Works Inc., Imbera, Lennox International Inc., Panasonic Holdings Corp., Standex International Corp., Tecumseh Products Co. LLC, TEFCOLD AS, The Middleby Corp., TURBO AIR Inc., UAB FREOR LT, Valpro Refrigeration, and Welbilt Inc.
Key Benefits for Industry Players & Stakeholders -
The report offers information on the criticality of vendor inputs, including R&D, CAPEX, and technology.
It also provides detailed analyses of the market's competitive landscape and vendors' product offerings.
The report also provides a qualitative and quantitative analysis of vendors to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category focused, industry focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.
Customer Landscape - Analysis of Price Sensitivity, Adoption Lifecycle, Customer Purchase Basket, Adoption Rates, and Purchase Criteria by Technavio
One of the core components of the customer landscape is price sensitivity, an analysis of which will help companies refine marketing strategies to gain a competitive advantage.
Another key aspect is price sensitivity drivers(purchases are undifferentiated, purchase is a key cost to buyers, and quality is not important), which range between LOW and HIGH.
Furthermore, market adoption rates for all regions have been covered.
Download the sample to get a holistic overview of the commercial refrigeration equipment market by industry experts to evaluate and develop growth strategies.
The market is segmented by product (walk-in coolers, display cases, refrigerator for drinks, and ice-making machines) and end-user (retail, restaurants, hotels, and catering units).
Segmentation by product (Inclusion/Exclusion)
The walk-in coolers segment grew gradually by USD 7694.25 million between 2017 and 2021. Walk-in coolers are made in standard sizes and can be customized based on the requirements of end-users. For instance, Standex International offers Bilt2Spec customized walk-in coolers under its Master-Bilt Products brand. The availability of such products helps vendors meet the unique requirements of customers, which is driving the growth of this segment.
To get detailed insights about inclusions and exclusions, buy report.
Related Reports -
Commercial HVAC Market by Application and Geography - Forecast and Analysis 2022-2026 - size is estimated to grow by USD 22.09 billion from 2021 to 2026, with an accelerated CAGR of 4.2%, according to the recent market study by Technavio. Furthermore, this report extensively covers market segmentations by application (equipment and services) and geography (North America, Europe, Asia, and Rest of World (ROW)APAC, North America, Europe, South America, and Middle East and Africa).
Commercial Combi Ovens Market by Product, End-user, and Geography - Forecast and Analysis 2022-2026 - size is estimated to increase by USD 1.05 billion from 2021 to 2026, with an accelerated CAGR of 9.65%, according to the recent market study by Technavio. The growing inclination toward combi ovens with energy-efficient features is one of the key factors driving the market growth.
What are the key data covered in the commercial refrigeration equipment market?
CAGR of the market during the forecast period
Detailed information on factors that will drive the growth of the commercial refrigeration equipment market between 2023 and 2027
Precise estimation of the size of the commercial refrigeration equipment market size and its contribution to the parent market
Accurate predictions about upcoming trends and changes in consumer behavior
Growth of the commercial refrigeration equipment market across APAC, North America, Europe, Middle East and Africa, and South America
Thorough analysis of the market's competitive landscape and detailed information about vendors
Comprehensive analysis of factors that will challenge the growth of commercial refrigeration equipment market vendors
Commercial Refrigeration Equipment Market Scope
Growth momentum & CAGR
Accelerate at a CAGR of 7.4%
Market growth 2023-2027
USD 17886.21 million
YoY growth (%)
APAC, Europe, North America, the Middle East and Africa, and South America
APAC at 44%
US, Canada, China, Japan, and Germany
Leading companies, Market Positioning of Vendors, Competitive Strategies and Industry Risks
AB Electrolux, Ali Group Srl, Blue Star Ltd., Daikin Industries Ltd., Dover Corp., Felix Storch Inc., FUJIMAK Corp., HOSHIZAKI Corp., Illinois Tool Works Inc., Imbera, Lennox International Inc., Panasonic Holdings Corp., Standex International Corp., Tecumseh Products Co. LLC, TEFCOLD AS, The Middleby Corp., TURBO AIR Inc., UAB FREOR LT, Valpro Refrigeration, and Welbilt Inc.
Parent Market Analysis; Market growth inducers and obstacles; Fast-growing and slow-growing segment analysis for the forecast period
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.
Exhibit 172: Standex International Corp. - Overview
Exhibit 173: Standex International Corp. - Business segments
Exhibit 174: Standex International Corp. - Key offerings
Exhibit 175: Standex International Corp. - Segment focus
11.16 The Middleby Corp.
Exhibit 176: The Middleby Corp. - Overview
Exhibit 177: The Middleby Corp. - Business segments
Exhibit 178: The Middleby Corp. - Key offerings
Exhibit 179: The Middleby Corp. - Segment focus
11.17 Welbilt Inc.
Exhibit 180: Welbilt Inc. - Overview
Exhibit 181: Welbilt Inc. - Business segments
Exhibit 182: Welbilt Inc. - Key news
Exhibit 183: Welbilt Inc. - Key offerings
Exhibit 184: Welbilt Inc. - Segment focus
12.1 Scope of the report
12.2 Inclusions and exclusions checklist
Exhibit 185: Inclusions checklist
Exhibit 186: Exclusions checklist
12.3 Currency conversion rates for US$
Exhibit 187: Currency conversion rates for US$
12.4 Research methodology
Exhibit 188: Research methodology
Exhibit 189: Validation techniques employed for market sizing
Exhibit 190: Information sources
12.5 List of abbreviations
Exhibit 191: List of abbreviations
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