Commercial Refrigeration Equipment Market in Europe to grow by USD 3.68 billion from 2022 to 2027 | Growing need to increase the shelf life of food products to influence market growth - Technavio

NEW YORK, Aug. 22, 2023 /PRNewswire/ -- The commercial refrigeration equipment market size in Europe is expected to grow by USD 3,689.08 million during the five-year forecast period, according to Technavio. As per the latest report, the market will progress at a CAGR of 6.99% from 2022 to 2027. The increasing number of launches related to refrigerated food and beverage products is a major trend in the market. Consumers increasingly favor food products that offer convenience and shelf life. As a result, food and food service retailers are increasingly offering refrigerated food products with improved shelf lives, to reduce waste and increase profits. For example, Iceland Foods has introduced its own branded frozen food products in its UK supermarkets. Hence, the increasing number of launches is expected to drive market growth during the forecast period. - View the new Sample Report within minutes!

Commercial Refrigeration Equipment Market in Europe 2023-2027: Scope

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. Our commercial refrigeration equipment market in Europe report covers the following areas:

• Commercial Refrigeration Equipment Market in Europe size
• Commercial Refrigeration Equipment Market in Europe Trends
• Commercial Refrigeration Equipment Market in Europe industry analysis
• Commercial Refrigeration Equipment Market in Europe five forces analysis
• Commercial Refrigeration Equipment Market in Europe's competitive landscape

Commercial Refrigeration Equipment Market in Europe 2023-2027: Segmentation

Key Driver

The growing need to increase the shelf life of food products is a key factor driving market growth. The shelf life of food products is highly dependent on factors such as storage conditions. As a result, storing food products at inappropriate temperatures leads to spoilage and loss for food service establishments. In addition, a variety of measures are used to limit microbial growth, including refrigeration, reducing water activity, and including preservatives. Refrigeration is necessary to preserve nutritional and microbial quality. Hence, such factors are expected to drive market growth during the forecast period.

Significant Challenges

Regular maintenance and service requirements are significant challenges restricting market growth. 

Drivers, Trends & Challenges have an impact on market dynamics and can impact businesses. Find some insights from a sample report!

Commercial Refrigeration Equipment Market in Europe 2023-2027: Segmentation
Commercial Refrigeration Equipment Market in Europe is segmented as below:

• End-user 
• Retail
• Restaurants
• Hotels
• Catering Units
• Products 
• Walk-in Coolers
• Display Cases
• Refrigerator For Drinks
• Ice-making Machines
• Freezers And Others

The retail segment is estimated to witness significant growth during the forecast period. Retail businesses have a special need for commercial refrigeration equipment, including supermarkets, convenience stores, grocery stores, and specialty retailers. To ensure the quality, safety, and preservation of perishable foods and beverages, these companies rely heavily on refrigeration systems. Refreshment refrigerators and bar refrigerators are also important refrigerators used frequently in supermarkets, convenience stores, and hospitality establishments. Hence, such factors are expected to drive segment growth during the forecast period.

What's New? -

• Special coverage on the Russia-Ukraine war; global inflation; recovery analysis from COVID-19; supply chain disruptions, global trade tensions; and risk of recession
• Global competitiveness and key competitor positions
• Market presence across multiple geographical footprints - Strong/Active/Niche/Trivial - Buy the report!

Commercial Refrigeration Equipment Market in Europe 2023-2027: Company Analysis

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. We provide a detailed analysis of around 25 companies operating in the Commercial Refrigeration Equipment Market in Europe, including some of the companies such as AFE Group Ltd., ARNEG SPA, Carrier Global Corp., Daikin Industries Ltd., Electrolux AB, ENOFRIGO SPA, Epta Group, FRIGOGLASS SAIC, Haier Smart Home Co. Ltd., HOSHIZAKI Europe BV, Illinois Tool Works Inc., Infrico SL, Jongor Ltd., Liebherr International Deutschland GmbH, Scotsman Ice Srl, TEFCOLD AS, True Refrigeration UK Ltd., UAB FREOR LT, Viessmann Climate Solutions SE, and Ziegra Eismaschinen GmbH. Backed with competitive intelligence and benchmarking, our research reports on the Commercial Refrigeration Equipment Market in Europe are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.

Company Offering

• AFE Group Ltd - The company offers commercial refrigeration equipment such as cabinets, counters, and medical racks.
• ARNEG SPA - The company offers commercial refrigeration equipment such as Amburgo, Arles, and Daytona.
• Electrolux AB - The company offers commercial refrigeration equipment such as Ecostore 670 1430 digital.

Commercial Refrigeration Equipment Market in Europe 2023-2027: Key Highlights

• CAGR of the market during the forecast period 2023-2027
• Detailed information on factors that will assist the commercial refrigeration equipment market in Europe's growth during the next five years.
• Estimation of the commercial refrigeration equipment market in Europe size and its contribution to the parent market
• Predictions on upcoming trends and changes in consumer behavior
• The growth of the commercial refrigeration equipment market in Europe
• Analysis of the market's competitive landscape and detailed information on companies
• Comprehensive details of factors that will challenge the growth of the commercial refrigeration equipment market in Europe companies

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The commercial ice maker machine market is estimated to grow at a CAGR of 7.04% between 2022 and 2027 and the size of the market is forecast to increase by USD 1,626.12 million. This report extensively covers market segmentation by end-user (food services, retail, healthcare, and others), product type (cube ice maker, flake ice maker, and nugget ice maker), and geography (North America, Europe, APAC, South America, and Middle East and Africa). The rise in demand for commercial ice maker machines from various industries is a key factor expected to drive market growth during the forecast period.

The commercial refrigeration equipment market is estimated to grow at a CAGR of 6.86% between 2022 and 2027 and the size of the market is forecast to increase by USD 14,505.99 million. This report extensively covers market segmentation by end-user (retail, restaurants, hotels, and catering units), product (walk-in coolers, display cases, refrigerators for drinks, ice-making machines, and freezers, and others), and geography (APAC, Europe, North America, Middle East and Africa, and South America). The need to increase the storage life of food products is a key factor driving the global commercial refrigeration equipment market growth.

Table Of Contents

Executive Summary

Market Landscape

Market Sizing

Historic Market Size

Five Forces Analysis

Market Segmentation by End-user

Market Segmentation by Products

Customer Landscape

Geographic Landscape

Drivers, Challenges, and Trends

Vendor Landscape

Vendor Analysis

Appendix

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