Commercial Refrigeration Equipment Market

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Commercial Refrigeration Equipment Market Research Report - Forecast to 2025
Regional Outlook
The geographical distribution of the global commercial refrigeration equipment market covers North America, Asia Pacific
(APAC), Europe, and the rest of the world (RoW).
In 2018, APAC acquired the top position in the global commercial refrigeration equipment market, with North America and
Europe in the second and third spot, respectively. The APAC commercial refrigeration equipment market gets immense
support from the rising demand for display cases as well as walk-in coolers. Soaring fresh food consumption rate, mounting
demand for frozen foods and improved living standard has done wonders for the market in the region. Ice-making
machineries are expected to note the highest demand in the region, given the expansion of restaurant chains across urban
and semi-urban areas in developing nations.
North America, with the second-largest share in the commercial refrigeration equipment market, is benefitted from the
busy lifestyles led by the people. These people spend close to half of their food expenses outside their homes, which sets
the pace of the market in the region. Beverage refrigeration and display cases are touted to be the fastest-growing
segments during the appraisal period, thanks to the increasing food retail outlets and expanding floor area of retail stores.
With the growing average floor space of prominent grocery and food retailers in the region, new refrigeration equipment is
increasingly being installed in these stores.
The commercial refrigeration equipment market in Europe has reached the saturation point and is witnessing comparatively
lower growth rate compared to other regions. With that said, the regional market is predicted to note better growth in the
coming years, on account of the economic recovery, which is giving rise to replacement and repair of the existing
commercial refrigeration equipment. Data experts are optimistic about the market growth in Europe during the forecast
period, considering the stabilization of the economy and high urbanization.
RoW includes South America and the Middle East & Africa. RoW makes extensive use of commercial refrigeration
equipment in the construction and manufacturing industries. The region’s future holds much promise, as there are
indications of the construction and manufacturing industries expanding significantly.