The Europe commercial refrigeration market was valued at US$ 6,856.30 million in 2022 and is expected to reach US$ 12,449.89 million by 2030; it is estimated to grow at a CAGR of 7.7% from 2022 to 20 30.
Commercial refrigeration becomes indispensable in the logistics chain of online food retailing, preserving the quality of temperature-sensitive goods from the point of origin to the end consumer. With the global expansion of food delivery services and the evolving preferences for the convenience of ready-to-eat meals, the demand for reliable and scalable refrigeration solutions is on the rise. Consequently, the commercial refrigeration market experiences increased growth, driven by the integral role it plays in supporting the expanding landscape of online food services.
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Based on type, the Europe commercial refrigeration market is segmented into refrigerators, freezer, heated cabinets, milk coolers, chef bases, full size undercounters, full size prep tables refrigerator and freezers, back bar, blast chillers, and others. The refrigerators segment held the largest share in 2022.
Based on application, the Europe commercial refrigeration market is bifurcated into hospitality, and institutional. The hospitality segment held the larger share in 2022.
Based on door type, the Europe commercial refrigeration market is segmented into single, dual, and multi. The dual segment held largest share in 2022.
Based on section type, the Europe commercial refrigeration market is segmented into single, dual, and multi. The dual segment held the largest share in 2022.
Based on country, the Europe commercial refrigeration market is segmented into France, Germany, UK, Italy, Russia, the Rest of Europe. Germany dominated the Europe commercial refrigeration market.
Beverage-Air Corp, Hoshizaki Corp, Victory Refrigeration, True Manufacturing Co Inc, Libherr USA Co, Marmon Holding Inc, Traulsen & Co Inc, Turbo Air Inc, Haier Smart Home Co Ltd, and Daikin Industries Inc are some of the leading companies operating in the Europe commercial refrigeration market.
Reasons to Buy
Rise in Online Food Retailing and Food Delivery Services Fuel the Europe Commercial Refrigeration Market
The rise in online food retailing and food delivery services is a significant booster for the commercial refrigeration market. As consumers increasingly turn to online platforms for food purchases and delivery, there is a heightened demand for efficient cold storage and refrigeration solutions. They systems play an important role to maintain the freshness and safety of perishable items during transportation and storage, ensuring the food products reach consumers in optimal condition.Commercial refrigeration becomes indispensable in the logistics chain of online food retailing, preserving the quality of temperature-sensitive goods from the point of origin to the end consumer. With the global expansion of food delivery services and the evolving preferences for the convenience of ready-to-eat meals, the demand for reliable and scalable refrigeration solutions is on the rise. Consequently, the commercial refrigeration market experiences increased growth, driven by the integral role it plays in supporting the expanding landscape of online food services.
Europe Commercial Refrigeration Market Overview
The commercial refrigeration system comprises several types of cooling appliances, including refrigerators, freezers, milk coolers, and blast chillers. These appliances are used to store food ingredients or prepared food in restaurants, hotels, cafes, and other establishments. They are also used in supermarkets and retail stores to store vegetables, fruits, meats, beverages, drinks, dairy products, and other food items. The growing number of supermarkets and hypermarkets is expected to raise the need for refrigeration systems in the country. The integration of different technologies, such as the Internet of Things (IoT), artificial intelligence (AI), and machine learning (ML), in refrigeration systems help in the maintenance and diagnosis of problems associated with the usage pattern of the system. Thus, the rising use of refrigeration systems to store food products is fueling the growth of the market.Europ
e Commercial Refrigeration Market Revenue and Forecast to 2030 (US$ Million)
Europe Commercial Refrigeration Market Segmentation
The Europe commercial refrigeration market is segmented based on type, application, door type, and section type.Based on type, the Europe commercial refrigeration market is segmented into refrigerators, freezer, heated cabinets, milk coolers, chef bases, full size undercounters, full size prep tables refrigerator and freezers, back bar, blast chillers, and others. The refrigerators segment held the largest share in 2022.
Based on application, the Europe commercial refrigeration market is bifurcated into hospitality, and institutional. The hospitality segment held the larger share in 2022.
Based on door type, the Europe commercial refrigeration market is segmented into single, dual, and multi. The dual segment held largest share in 2022.
Based on section type, the Europe commercial refrigeration market is segmented into single, dual, and multi. The dual segment held the largest share in 2022.
Based on country, the Europe commercial refrigeration market is segmented into France, Germany, UK, Italy, Russia, the Rest of Europe. Germany dominated the Europe commercial refrigeration market.
Beverage-Air Corp, Hoshizaki Corp, Victory Refrigeration, True Manufacturing Co Inc, Libherr USA Co, Marmon Holding Inc, Traulsen & Co Inc, Turbo Air Inc, Haier Smart Home Co Ltd, and Daikin Industries Inc are some of the leading companies operating in the Europe commercial refrigeration market.
Reasons to Buy
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the Europe commercial refrigeration market.
- Highlights key business priorities in order to assist companies to realign their business strategies
- The key findings and recommendations highlight crucial progressive industry trends in the Europe commercial refrigeration market, thereby allowing players across the value chain to develop effective long-term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth Europe market trends and outlook coupled with the factors driving the Europe commercial refrigeration market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution
Table of Contents
1. Introduction
2. Executive Summary
3. Research Methodology
4. Europe Commercial Refrigeration Market Landscape
5. Europe Commercial Refrigeration Market - Key Industry Dynamics
6. Commercial Refrigeration Market - Europe Market Analysis
7. Europe Commercial Refrigeration Market Analysis - Type
8. Europe Commercial Refrigeration Market Analysis - Application
9. Europe Commercial Refrigeration Market Analysis - Door Type
10. Europe Commercial Refrigeration Market Analysis - Section Type
11. Europe Commercial Refrigeration Market - Country Analysis
12. Competitive Landscape
13. Industry Landscape
14. Company Profiles
15. Appendix
List of Tables
List of Figures
Companies Mentioned
- Hoshizaki Corp
- True Manufacturing Co Inc
- Libherr USA Co
- Marmon Holding Inc
- Turbo Air Inc
- Haier Smart Home Co Ltd
- Daikin Industries
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 112 |
Published | February 2024 |
Forecast Period | 2022 - 2030 |
Estimated Market Value ( USD | $ 6856.3 Million |
Forecasted Market Value ( USD | $ 12449.89 Million |
Compound Annual Growth Rate | 7.7% |
Regions Covered | Europe |
No. of Companies Mentioned | 7 |