Commercial Refrigeration Equipment Market to Record Growth of $ 15.13 bn during 2021-2025 | Technavio
NEW YORK, Sept. 27, 2021 /PRNewswire/ --
The commercial refrigeration equipment market is set to grow by $15.13 bn, decelerating at a CAGR of almost 8% during 2021-2025. The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and overall market environment.
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To leverage the current opportunities, market vendors must strengthen their foothold in the fast-growing segments while maintaining their positions in the slow-growing segments. The commercial refrigeration equipment market is fragmented, and the degree of fragmentation will decelerate during the forecast period.
Scope of Commercial Refrigeration Market Report:
Report coverage |
Details |
Base Year |
2020 |
Forecast Period |
2021-2025 |
Incremental Growth |
$ 15.13 billion |
CAGR |
Decelerating at 7.50% |
No. of Pages |
120 |
Segmentation |
By geography:- · APAC · Europe · North America · MEA · South America By product:- · Walk-in coolers · Display cases · Refrigerator for drinks · Ice-making machines · Others By end-user:- · Retail · Restaurants · Hotels · Catering units |
Drivers |
· Need to increase the storage life of food products · Market expansion by end-users · Growing focus on merchandising refrigerated food and beverages |
Challenges |
· Rising preference for pre-used and rented commercial refrigeration equipment · Issues associated with refrigerated food products · Phaseout of ozone-depleting refrigerants used in commercial refrigeration equipment |
Trends |
· Growing demand for energy-efficient models of commercial refrigeration equipment · Increasing number of launches related to refrigerated food and beverage products · Product portfolio expansion in the global commercial refrigeration equipment market |
Commercial Refrigeration Equipment Market 2021-2025: Segmentation
Commercial Refrigeration Equipment Market is segmented as below:
- Product
- Walk-in Coolers
- Display Cases
- Refrigerator For Drinks
- Ice-making Machines
- Others
- End-user
- Retail
- Restaurants
- Hotels
- Catering Units
- Geography
- APAC
- Europe
- North America
- MEA
- South America
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Commercial Refrigeration Equipment Market 2021-2025: Vendor Analysis and Scope
To help businesses improve their market position, the commercial refrigeration equipment market provides a detailed analysis of vendors operating in the market. Some of these vendors include AB Electrolux, Ali Group Srl, Daikin Industries Ltd., Dover Corp., HOSHIZAKI Corp., Illinois Tool Works Inc., Imbera, Standex International Corp., The Middleby Corp., and Welbilt Inc.
The report also covers the following areas:
- Commercial Refrigeration Equipment Market size
- Commercial Refrigeration Equipment Market trends
- Commercial Refrigeration Equipment Market industry analysis
The commercial refrigeration equipment market is fragmented, and the degree of fragmentation will decelerate. The need to increase the storage life of food products will offer immense growth opportunities. However, the rising preference for pre-used and rented commercial refrigeration equipment will hamper the market growth.
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Backed with competitive intelligence and benchmarking, our research report on the commercial refrigeration equipment market is designed to provide entry support, customer profile, and M&As as well as go-to-market strategy support.
Related Reports:
Commercial Foodservice Equipment Market in US by Product, End-user, and Geography - Forecast and Analysis 2021-2025
Commercial Refrigeration Equipment Market 2021-2025: Key Highlights
- CAGR of the market during the forecast period 2021-2025
- Detailed information on factors that will assist commercial refrigeration equipment market growth during the next five years
- Estimation of the commercial refrigeration equipment market 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
- Analysis of the market's competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of commercial refrigeration equipment market vendors
Table of Contents:
Executive Summary
Market Landscape
- Market ecosystem
- Impact of COVID-19 on the industrials sector
- Recovery phase
- Market characteristics
- Value chain analysis
Market Sizing
- Market definition
- Market segment analysis
- Market size 2020
- Market outlook: Forecast for 2020 - 2025
Five Forces Analysis
- Five forces summary
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Product
- Market segments
- Comparison by Product
- Walk-in coolers - Market size and forecast 2020-2025
- Display cases - Market size and forecast 2020-2025
- Refrigerator for drinks - Market size and forecast 2020-2025
- Ice-making machines - Market size and forecast 2020-2025
- Others - Market size and forecast 2020-2025
- Market opportunity by Product
Market Segmentation by End-user
- Market segments
- Comparison by End user
- Retail - Market size and forecast 2020-2025
- Restaurants - Market size and forecast 2020-2025
- Hotels - Market size and forecast 2020-2025
- Catering units - Market size and forecast 2020-2025
- Market opportunity by End user
Customer landscape
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- APAC - Market size and forecast 2020-2025
- Europe - Market size and forecast 2020-2025
- North America - Market size and forecast 2020-2025
- MEA - Market size and forecast 2020-2025
- South America - Market size and forecast 2020-2025
- Key leading countries
- Market opportunity by geography
- Market drivers
- Market challenges
- Market trends
Vendor Landscape
- Competitive scenario
- Vendor Landscape
- Landscape disruption
- Industry risks
Vendor Analysis
- Vendors covered
- Market positioning of vendors
- AB Electrolux
- Ali Group Srl
- Daikin Industries Ltd.
- Dover Corp.
- HOSHIZAKI Corp.
- Illinois Tool Works Inc.
- Imbera
- Standex International Corp.
- The Middleby Corp.
- Welbilt Inc.
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
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