Europe Commercial Refrigeration Equipment Market size was valued at USD 8.94 Bn. in 2022 and the total Europe Commercial Refrigeration Equipment revenue is expected to grow by 5.1 % from 2023 to 2029, reaching nearly USD 12.66 Bn.
Europe Commercial Refrigeration Equipment Market OverviewFreezers and refrigerators used in convenience shops, commercial kitchens, restaurants, and supermarkets are examples of commercial refrigeration equipment. Commercial refrigeration equipment can be "self-contained," combining the whole refrigeration system and refrigerated container into a single physical unit. This equipment might alternatively operate in “remote condensing” mode, with the condenser and compressor located a distance from the refrigerated case. Commercial refrigeration equipment is known as refrigeration systems that capture temperatures at any level beneath its surroundings, which includes food items. The supermarkets and hypermarket are the major user of commercial refrigeration equipment in Europe followed by Hotels & Restaurants, Convenience Stores and Bakery. As a result, the demand for the Europe Commercial Refrigeration Equipment Market is increasing.To know about the Research Methodology :- Request Free Sample Report Drivers Increase in demand for Frozen food, and Chilled food drives the market The European commercial refrigerators market is expected to gain traction due to rising consumer preferences for fast food, increased dual family working, and a busy life schedule. People are more inclined towards ready-to-eat food such as frozen food with high nutritional values. Also, increased demand for packaged food and beverages, the rapid growth of the hospitality sector, and the rapid expansion of the retail chain of consumer goods across the region are expected to be key features for the robust adoption of commercial refrigerators. The rise of supermarkets and hypermarkets, fueled by an increase in urban population, tends to raise demand for essential daily commodities such as dairy products such as cheese, cream, and plain yogurt. Similarly, raw fruits and vegetables that must be preserved at low temperatures to increase the perseveration rate are fueling European commercial refrigeration equipment. Restraints Strict Regulations on energy efficiency and environmental standards can deter the market Europe has strict regulations about energy efficiency and environmental standards. Compliance with these regulations can increase the cost of manufacturing and lead to higher prices for commercial refrigeration equipment. Producers must invest in research and development to encounter these standards, which can be a challenge. Commercial refrigeration equipment, has a high initial cost, especially advanced and energy-efficient models. Small and medium-sized businesses with limited budgets can be affected, making it challenging for them to invest in high-quality refrigeration equipment and boost the European commercial refrigerators market. Regular maintenance and monitoring are required for Commercial refrigeration equipment to ensure best performance. These maintenance and operational costs can increase the financial burden for businesses, particularly companies with multiple refrigeration units. Europe Commercial Refrigeration Equipment Market Opportunity Expansion of Retail and Food Service Industries creates an opportunity The retail and food service segment is expanding in Europe, considering factors such as population growth, and changing consumer lifestyles leading to increased demand for commercial refrigeration equipment in supermarkets, hypermarkets, hotels & restaurants, convenience stores, and cafes. The commercial refrigeration equipment market in Europe has developed significantly as a consequence of increased demand for packaged food and the rapid expansion of the hospitality sector. Consumption of meat is declining in Europe as a consequence of sustainability and environmental concerns, the food sector has shifted its attention to seafood exports. This opens up a lot of prospects for commercial refrigeration system manufacturers in the seafood business. Magnetic refrigeration systems and several other technologies are expected to have a favorable influence on commercials. This creates an opportunity for new entrants and businesses in the Europe Commercial Refrigeration Equipment Market.
Europe Commercial Refrigeration Equipment Market Segment AnalysisBased on End-User, The supermarket and hypermarkets segment has dominated the Europe Commercial Refrigeration Equipment Market and is expected to dominate during the forecast period. The rise in investment in the food retail sector for the construction and development of supermarkets & hypermarkets resulted in an increased number of retail outlets in the region. The increasing consumer preference for different regional cuisines, exploration of international flavors, and increased production of milk and dairy products are expected to drive the growth of the segment. The rise in the trend of luxury dining and tourism drives the market growth for Hotels & Restaurants. The food service in hotels, restaurants, and cafes, requires commercial refrigeration equipment for preparing and storing the food. Convenience stores play an important role in the retail landscape and require efficient refrigeration solutions.Based on the Application, Food & beverage retail has dominated the Europe Commercial Refrigeration Equipment Market and is expected to dominate during the forecast period. The requirement to transport temperature-sensitive items such as food, medicines, drinks, and chemicals, among others, drives demand for commercial refrigeration equipment. Food and beverage retail is predicted to have the largest demand in terms of volume. Whereas the food service industry depends on commercial refrigeration equipment for food storage. Hotels, cafes, catering services, and other foodservice require refrigerators, freezers, ice machines, and display cases to maintain the freshness, cleanliness, and quality of food products.Europe Commercial Refrigeration Equipment Market Country-wise Insights Geographically, Germany is likely to remain the largest market for commercial refrigeration due to the country's rapidly growing retail chains. Advanced engineering and manufacturing capabilities have a significant presence in the commercial refrigeration equipment market. Italy is the second-largest market in Europe region because of its strong industrial base and known for innovative design. The UK has a well-established commercial refrigeration industry with a number of British companies manufacturing and supplying extensive refrigeration equipment for commercial use. The European market for commercial refrigeration equipment focuses on several regional competitors. FrigoGlass and Carrier firms have advanced resources and a network to satisfy the need of the market and keep pace with technological change. In addition, the expansion of the distribution channel allows buyers to evaluate numerous models of commercial refrigeration equipment and so leads to rivalry among producers. The objective of the report is to present a comprehensive analysis of the European commercial Refrigeration Equipment Market to the stakeholders in the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, SVOR, and PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding Europe Commercial Refrigeration Equipment Market dynamics, and structure by analyzing the market segments and projecting the Europe Commercial Refrigeration Equipment Market size. Clear representation of competitive analysis of key players By Application, price, financial position, product portfolio, growth strategies, and regional presence in the Europe Commercial Refrigeration Equipment Market make the report investor’s guide.
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Global Europe Commercial Refrigeration Equipment Market Report Coverage Details Base Year: 2022 Forecast Period: 2023-2029 Historical Data: 2018 to 2022 Market Size in 2022: US $ 8.94 Bn. Forecast Period 2023 to 2029 CAGR: 5.1% Market Size in 2029: US $ 12.66 Bn. Segments Covered: by Product Deep Freezers Bottle Coolers Storage Water Coolers Commercial Kitchen Refrigerator Medical Refrigerator Chest Refrigerator Others by End User Hotels & Restaurants Supermarkets & Hypermarkets Convenience Stores Bakery by Application Food Service Food & Beverage Retail Food & Beverage Distribution Food & Beverage Production
Europe Commercial Refrigeration Equipment Market, by RegionNorth America (United States, Canada and Mexico) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe) Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC) Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) South America (Brazil, Argentina Rest of South America)
Europe Commercial Refrigeration Equipment Market Key Players1. York (Johnson Controls) 2. Metalfrio Solutions, Inc 3. Interlevin Refrigeration Ltd 4. Epta S.p.a 5. Hubbard Products Ltd 6. Ingersoll Rand Plc 7. Dover Corporation (Hill Pheonix) 8. Illinois Tool Works Inc 9. FrigoGlass 10. Carrier 11. United Technologies Corporation 12. Standex International Corporation 13. The Manitowoc Company, Inc. 14. GEA Group AG 15. Welbilt, Inc 16. Panasonic Corporation 17. Emerson Electric Co. 18. Whirlpool Corporation Frequently Asked Questions: 1] What segments are covered in the Europe Commercial Refrigeration Equipment Market report? Ans. The segments covered in the Europe Commercial Refrigeration Equipment Market report are based on End-User, Application, Product, and Countries. 2] Which country is expected to hold the highest share of the Europe Commercial Refrigeration Equipment Market? Ans. Germany is expected to hold the highest share of the Europe Commercial Refrigeration Equipment Market. 3] What is the market size of the Europe Commercial Refrigeration Equipment Market by 2029? Ans. The market size of the Market by 2029 is expected to reach US$ 12.66 Bn. 4] What is the forecast period for the Europe Commercial Refrigeration Equipment Market? Ans. The forecast period for the Market is 2023-2029. 5] What was the market size of the Europe Commercial Refrigeration Equipment Market in 2022? Ans. The market size of the Market in 2022 was valued at US$ 8.94 Bn.
1. Europe Commercial Refrigeration Equipment Market: Research Methodology 2. Europe Commercial Refrigeration Equipment Market: Executive Summary 3. Europe Commercial Refrigeration Equipment Market: Competitive Landscape 3.1. MMR Competition Matrix 3.2. Competitive Landscape 3.3. Key Players Benchmarking 3.4. Market Structure 3.4.1. Market Leaders 3.4.2. Market Followers 3.4.3. Emerging Players 3.5. Consolidation of the Market 4. Europe Commercial Refrigeration Equipment Market: Dynamics 4.1. Market Trends by Country 4.1.1. Germany 4.1.2. Italy 4.1.3. United Kingdom 4.1.4. France 4.1.5. Rest of Europe 4.2. Market Drivers by Country 4.2.1. Germany 4.2.2. Italy 4.2.3. United Kingdom 4.2.4. France 4.2.5. Rest of Europe 4.3. Market Restraints 4.4. Market Opportunities 4.5. Market Challenges 4.6. PORTER’s Five Forces Analysis 4.7. PESTLE Analysis 4.8. Value Chain Analysis 4.9. Regulatory Landscape by Country 4.9.1. Germany 4.9.2. Italy 4.9.3. United Kingdom 4.9.4. France 4.9.5. Rest of Europe 5. Europe Commercial Refrigeration Equipment Market Size and Forecast by Segments (by Value USD and Volume Units) 5.1. Europe Commercial Refrigeration Equipment Market Size and Forecast, by End-User (2022-2029) 5.1.1. Hotels & Restaurants 5.1.2. Supermarkets & Hypermarkets 5.1.3. Convenience Stores 5.1.4. Bakery 5.2. Europe Commercial Refrigeration Equipment Market Size and Forecast, by Application (2022-2029) 5.2.1. Food Service 5.2.2. Food & Beverage Retail 5.2.3. Food & Beverage Distribution 5.2.4. Food & Beverage Production 5.3. Europe Commercial Refrigeration Equipment Market Size and Forecast, by Product (2022-2029) 5.3.1. Deep Freezers 5.3.2. Bottle Coolers 5.3.3. Storage Water Coolers 5.3.4. Commercial Kitchen Refrigerator 5.3.5. Medical Refrigerator 5.3.6. Chest Refrigerator 5.3.7. Others 5.4. Europe Commercial Refrigeration Equipment Market Size and Forecast, by Country (2022-2029) 5.4.1. Germany 5.4.2. Italy 5.4.3. United Kingdom 5.4.4. France 5.4.5. Rest of Europe 6. Company Profile: Key players 6.1. York (Johnson Controls) 6.1.1. Company Overview 6.1.2. Financial Overview 6.1.3. Business Portfolio 6.1.4. SWOT Analysis 6.1.5. Business Strategy 6.1.6. Recent Developments 6.2. Metalfrio Solutions, Inc 6.3. Interlevin Refrigeration Ltd 6.4. Epta S.p.a 6.5. Hubbard Products Ltd 6.6. Ingersoll Rand Plc 6.7. Dover Corporation (Hill Pheonix) 6.8. Illinois Tool Works Inc 6.9. FrigoGlass 6.10. Carrier 6.11. United Technologies Corporation 6.12. Standex International Corporation 6.13. The Manitowoc Company, Inc. 6.14. GEA Group AG 6.15. Welbilt, Inc 6.16. Panasonic Corporation 6.17. Emerson Electric Co. 6.18. Whirlpool Corporation 7. Key Findings 8. Industry Recommendation