This industry research report presents a comprehensive analysis of the global commercial refrigeration equipment market by product (walk-in coolers, display cases, refrigerators for drinks, ice-making machines, and others) and by end-user (retail, restaurants, hotels, and catering units). The report also presents a detailed analysis of the market’s growth prospects across regions such as the Americas, APAC, and EMEA.
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<h3>Overview of the global commercial refrigeration equipment market</h3>
Technavio’s market research analysts have identified the increasing demand for frozen food as one of the primary factors that will trigger the growth of the commercial refrigeration equipment market size till 2022. The demand for frozen food is increasing across the world due to factors such as increasing population, high demand from developing economies, and increasing number of working women. Owing to the increasing number of working women, time spent by these women in kitchens is reducing, significantly contributing to the increasing demand for frozen food. These factors will drive the demand for frozen food which in turn will impact the demand for commercial refrigeration equipment such as chest freezers and walk-in coolers. Moreover, the rise in the income levels and growing influence of western lifestyle will drive the preference of frozen food products in the developing economies. According to the commercial refrigeration equipment market research analysis, this market will grow steadily at a CAGR of more than 5% by 2022.
According to the commercial refrigeration equipment market forecast, the increasing mergers and acquisitions is one of the key trends in the commercial refrigeration equipment market. The vendors compete on price and quality but to gain sizeable market share, these vendors are relying on mergers and acquisitions. Vendors are focusing on mergers and acquisitions with other vendors that provide commercial refrigeration equipment.
<h3>Companies covered</h3>
With the presence of a large number of vendors, the commercial refrigerator freezer market appears to be fragmented. The commercial refrigeration equipment market research report will help clients identify new growth opportunities and design unique growth strategies by providing a comprehensive analysis of the market’s competitive landscape and offering information on the products offered by companies.
The report includes an analysis of a number of companies in this marketspace including -
<ul>
<li>Ali Group</li>
<li>Hoshizaki</li>
<li>Illinois Tool Works</li>
<li>Imbera FoodService</li>
<li>Standex International Corporation</li>
<li>Middleby Corporation</li>
</ul>
<h3>Segmentation by end-user and analysis of the commercial refrigeration equipment market</h3>
<ul>
<li>Retail</li>
<li>Restaurants</li>
<li>Hotels</li>
<li>Catering units</li>
</ul>
The retail segment accounted for the major share of the commercial refrigerator freezer market during 2017. This segment will drive the commercial refrigeration equipment market due to the increasing demand for frozen fruits and vegetables among consumers.
<h3>Geographical segmentation and analysis of the commercial refrigeration equipment market</h3>
<ul>
<li>Americas</li>
<li>APAC</li>
<li>EMEA</li>
</ul>
Our analysts have predicted that in terms of geographic regions, the commercial refrigerator freezer market will witness considerable growth in APAC during the next few years. This region will be the major contributor to the growth of the market due to the emergence of several supermarkets, hypermarkets, and food chains.
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