Report overview
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).
This report 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. This report 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.
