Commercial Refrigeration and Freezing Equipment Market

Commercial refrigeration and freezing equipment is a variety of equipment (food preservation, freezing, refrigeration and beverage preservation, display and sales) used in commercial service places (hotels, nightclubs, bars, cafes, restaurants, disco, KTV, yachts, schools, laboratories, hospitals and other special application places).

Commercial Refrigeration and Freezing Equipment Market aims to provide a comprehensive presentation of the global market for Commercial Refrigeration and Freezing Equipment, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Commercial Refrigeration and Freezing Equipment. Commercial Refrigeration and Freezing Equipment Market contains market size and forecasts of Commercial Refrigeration and Freezing Equipment in global, including the following market information:

Global Commercial Refrigeration and Freezing Equipment Market Revenue, 2018-2023, 2024-2029, ($ millions)

Global Commercial Refrigeration and Freezing Equipment Market Sales, 2018-2023, 2024-2029, (K Units)

Global top five Commercial Refrigeration and Freezing Equipment companies in 2022 (%)

The global Commercial Refrigeration and Freezing Equipment market was valued at US$ 17900 million in 2022 and is projected to reach US$ 23900 million by 2029, at a CAGR of 4.2% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.

China's demand for commercial refrigeration and freezing equipment is expanding, with sales in the country expected to grow 33.33 percent in 2026 compared with 2019.

In terms of product types, commercial display cabinets are the most favored in the market, accounting for about 56.75% of the market share of commercial refrigeration and freezing equipment in 2019. Commercial refrigerators accounted for 27.43%, followed by ice makers at 4.71%.

From the perspective of application, supermarkets will be the largest part of the market for a long time, accounting for about 46%-48% of the consumption of commercial refrigeration and freezing equipment. Supermarkets, restaurants and entertainment venues accounted for 48.53%, 24.53% and 17.79% respectively in 2019.

Major global manufacturers of commercial refrigeration and freezing equipment include Carrier Commercial Refrigeration, Haier, Hoshizaki International, Panasonic, etc. The Top 5 players share nearly 30% of the market and the Top 10 share more than 47%.

We surveyed the Commercial Refrigeration and Freezing Equipment manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.

Total Market by Segment:

Global Commercial Refrigeration and Freezing Equipment Market, by Type, 2018-2023, 2024-2029 ($ Millions) & (K Units)

Global Commercial Refrigeration and Freezing Equipment Market Segment Percentages, by Type, 2022 (%)

Display Cabinets

Refrigerators & Freezers

Ice Machines

Others

Global Commercial Refrigeration and Freezing Equipment Market, by Application, 2018-2023, 2024-2029 ($ Millions) & (K Units)

Global Commercial Refrigeration and Freezing Equipment Market Segment Percentages, by Application, 2022 (%)

Restaurants

Entertainment

Supermartkets

Others

Global Commercial Refrigeration and Freezing Equipment Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions) & (K Units)

Global Commercial Refrigeration and Freezing Equipment Market Segment Percentages, By Region and Country, 2022 (%)

North America

US

Canada

Mexico

Europe

Germany

France

U.K.

Italy

Russia

Nordic Countries

Benelux

Rest of Europe

Asia

China

Japan

South Korea

Southeast Asia

India

Rest of Asia

South America

Brazil

Argentina

Rest of South America

Middle East & Africa

Turkey

Israel

Saudi Arabia

UAE

Rest of Middle East & Africa

Competitor Analysis

The report also provides analysis of leading market participants including:

Key companies Commercial Refrigeration and Freezing Equipment revenues in global market, 2018-2023 (Estimated), ($ millions)

Key companies Commercial Refrigeration and Freezing Equipment revenues share in global market, 2022 (%)

Key companies Commercial Refrigeration and Freezing Equipment sales in global market, 2018-2023 (Estimated), (K Units)

Key companies Commercial Refrigeration and Freezing Equipment sales share in global market, 2022 (%)

Further, the report presents profiles of competitors in the market, key players include:

Carrier Commercial Refrigeration

Haier

Hoshizaki International

Panasonic

Dover Corporation

Epta SpA

Zhejiang Xingxing

AHT Cooling Systems GmbH

Ali Group

Frigoglass

Aucma

Ugur Cooling

Metalfrio Solutions

Illinois Tool Works Inc

Liebherr

Arneg

Qingdao Hiron

True Manufacturing

YINDU KITCHEN EQUIPMENT

Auspicou

Manitowoc Ice

Outline of Major Chapters:

Chapter 1: Introduces the definition of Commercial Refrigeration and Freezing Equipment, market overview.

Chapter 2: Global Commercial Refrigeration and Freezing Equipment market size in revenue and volume.

Chapter 3: Detailed analysis of Commercial Refrigeration and Freezing Equipment manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.

Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.

Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.

Chapter 6: Sales of Commercial Refrigeration and Freezing Equipment in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.

Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.

Chapter 8: Global Commercial Refrigeration and Freezing Equipment capacity by region & country.

Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.

Chapter 10: Analysis of industrial chain, including the upstream and downstream of the industry.

Chapter 11: The main points and conclusions of the report.