Global Commercial Refrigeration Equipment in Retail Application Market, By Type (Blast Chiller, Refrigerators and Freezers, Transportation Refrigeration, Refrigerated Display Case, Beverage Refrigeration, Ice Cream Merchandiser, Refrigerated Vending Machine), Refrigerant Type (Fluorocarbons, Hydrocarbons, Inorganic), Application (Food Service, Food and Beverage Distribution, Food and Beverage Retail, Other), End-User (Food Processing Industry, Food Service Industry, Full Service Restaurant and Hotels, Quick Service Restaurants, Catering Services) – Industry Trends and Forecast to 2029.
Commercial Refrigeration Equipment in Retail Application Market Analysis and Size
The global demand for food is increasing along with constant advancements and innovations in the food processing techniques, heightening the demand for commercial refrigeration equipment in the retail application market over the forecasted period of 2022-2029. Moreover, expanding food business along the retail channel through high adoption of processed and ready-to-eat products motivates the demands for commercial refrigeration equipment in retail applications. The increasing shelf life of the products, the rising cold chain and the improvements in refrigeration technologies alongside the changing food habits and rapid urbanization are also the main factors for the growth of the market during the forecast period.
Data Bridge Market Research analyses that the commercial refrigeration equipment in retail application market was valued at USD 6,505.00 million in 2021 and is expected to reach the value of USD 9983.14 million by 2029, at a CAGR of 5.50% during the forecast period. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Commercial Refrigeration Equipment in Retail Application Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Type (Blast Chiller, Refrigerators and Freezers, Transportation Refrigeration, Refrigerated Display Case, Beverage Refrigeration, Ice Cream Merchandiser, Refrigerated Vending Machine), Refrigerant Type (Fluorocarbons, Hydrocarbons, Inorganic), Application (Food Service, Food and Beverage Distribution, Food and Beverage Retail, Other), End-User (Food Processing Industry, Food Service Industry, Full Service Restaurant and Hotels, Quick Service Restaurants, Catering Services)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, Sweden, Poland, Denmark, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South cAmerica
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Market Players Covered
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Emerson Electric Co. (U.S.), Carrier. (U.S.), Bharat Refrigerations. (India), Danfoss (Denmark), GEA Group Aktiengesellschaft (Germany), Heatcraft Worldwide Refrigeration (U.S.), DAIKIN INDUSTRIES, Ltd. (Japan), Western Refrigeration Private Limited. (India), Johnson Controls. (Ireland), BITZER SE (Germany), Advansor A/S (Denmark), MAYEKAWA MFG. CO., LTD. (Japan), Baltimore Aircoil Company (U.S.), Hillphoenix (U.S.), Carnot Refrigeration. (U.S.), Rockwell Industries Limited (U.S.), Beijer Ref AB (Sweden), Green & Cool, A Carrier Company. (Sweden), Hussmann Corporation. (U.S.), Henry Group Industries (Hong Kong)
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Opportunities
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Market Definition
Commercial refrigeration equipment is a cold storage refrigerators used in the commercial settings. Examples include reach-in refrigerators and freezers in supermarkets, speciality food stores and convenience stores. These facilities have varied purposes such as the increasing shelf life of the products, the rising cold chain and the improvements in the refrigeration technologies alongside the changing food habits and preferences of the people. All, these factors are driving the growth of the market over the forecasted period.
Global Commercial Refrigeration Equipment in Retail Application Market Dynamics
Drivers
- Rising investments in the food and beverages sector
The rising investments in the food and beverages sector due to increased demands is the main factor driving the growth of the commercial refrigeration equipment market in retail applications over the forecasted period. Moreover, the expansion of food business along the retail channel through high adoption of processed and ready-to-eat products is motivating the demands for the commercial refrigeration equipment in retail application and hence, fuelling the growth of the market.
- The rising demands of product across various end-users
The rise in the demands of the commercial refrigeration equipment in retail applications across various end-users industries is driving the market growth over the forecasted period. Moreover, the demands of the product as reach-in refrigerators and freezers found in the supermarkets, speciality food stores and convenience stores are the factors that are fuelling the growth of the market.
Opportunities
- Technological advancements
Technological advancements in the commercial refrigeration equipment is generating lucrative growth opportunities for the commercial refrigeration equipment in retail applications market over the forecasted period. The newly introduced magnetic refrigeration technology is based in magneto calorific effect with a change in temperature induced by applying the reversible magnetic field. The refrigerant equipment is placed in the strong magnetic field, aligning various magnetic dipoles thus lowering the temperature within the equipment. These enhancements are creating significant growth opportunities for the market.
Restraints
- High maintenance costs
The growth of the market is expected to be hindered based on the high costs and maintenance costs of the product or machines. As these equipments are built to serve on the commercial segment basis, the equipment are built to own a large space and sizes. The cost of purchasing and maintenance of the huge equipment becomes the restraining factor for the market.
Moreover, the lack of awareness regarding the utilization of machines in the commercial sector will act as major restraints on the growth of commercial refrigeration equipment in retail application market in the forecast period.
This commercial refrigeration equipment in retail application market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the commercial refrigeration equipment in retail application market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.
Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
COVID-19 Impact on Commercial Refrigeration Equipment in Retail Application Market
The covid-19 has affected nearly every end-users industry badly due to the lockdowns initiated protocols by the government during the pandemic. The supply chain and the manufacturing units were affected badly during the pandemic though this differed from industry to industry. However, the food and beverages sector suffered a huge rise in the pandemic and the post-pandemic era due to the large supply and the manufacturing demands among the consumers. The commercial refrigeration equipment in retail application market was affected too due to the initiated lockdown but the market hence recovered as the supply demands increased across the globe for frozen and chilled food products and others worldwide. As the situation improved the market further created significant growth opportunities for the growth in the post-covid era.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Global Commercial Refrigeration Equipment in Retail Application Market Scope
The commercial refrigeration equipment in retail application market is segmented on the basis of type, refrigerant type, application and end-user. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
- Blast Chiller
- Refrigerators and Freezers
- Transportation Refrigeration
- Refrigerated Display Case
- Beverage Refrigeration
- Ice Cream Merchandiser
- Refrigerated Vending Machine
Refrigerant Type
- Fluorocarbons
- Hydrocarbons
- Inorganic
Application
- Food Service
- Food and Beverage Distribution
- Food and Beverage Retail
- Other
End-User
- Food Processing Industry
- Food Service Industry
- Full Service Restaurant and Hotels
- Quick Service Restaurants
- Catering Services
Commercial Refrigeration Equipment in Retail Application Market Regional Analysis/Insights
The commercial refrigeration equipment in retail application market is analysed and market size insights and trends are provided by type, refrigerant type, application and end-user as referenced above.
The countries covered in the commercial refrigeration equipment in retail application market report are U.S., Canada and Mexico in North America, Germany, Sweden, Poland, Denmark, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominate the commercial refrigeration equipment in retail application market because of being the biggest manufacturer and exporter of the product.
Asia-pacific is expected to grow within the forecasted period from 2022-2029 due to the increase in the product manufacturing within the region.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of Global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Commercial Refrigeration Equipment in Retail Application Market Share Analysis
The commercial refrigeration equipment in retail application market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to commercial refrigeration equipment in retail application market.
Some of the major players operating in the commercial refrigeration equipment in retail application market are:
- Emerson Electric Co. (U.S.)
- Carrier. (U.S.)
- Bharat Refrigerations. (India)
- Danfoss (Denmark)
- GEA Group Aktiengesellschaft (Germany)
- Heatcraft Worldwide Refrigeration (U.S.)
- DAIKIN INDUSTRIES, Ltd. (Japan)
- Western Refrigeration Private Limited. (India)
- BITZER SE (Germany)
- Johnson Controls. (Ireland)
- Advansor A/S (Denmark)
- MAYEKAWA MFG. CO., LTD. (Japan)
- Baltimore Aircoil Company (U.S.)
- Hillphoenix (U.S.)
- Carnot Refrigeration. (U.S.)
- Rockwell Industries Limited (U.S.)
- Beijer Ref AB (Sweden)
- Green & Cool, A Carrier Company. (Sweden)
- Hussmann Corporation. (U.S.)
- Henry Group Industries (Hong Kong)
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