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 2030.
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 fuelling the growth of the market.
Europe 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.
| Report Attribute | Details |
|---|---|
| Market size in 2022 | US$ 6,856.30 Million |
| Market Size by 2030 | US$ 12,449.89 Million |
| CAGR (2022 - 2030) | 7.7% |
| Historical Data | 2020-2021 |
| Forecast period | 2023-2030 |
| Segments Covered |
By Type
|
|
Regions and Countries Covered
|
|
| Europe | UK, Germany, France, Russia, Italy, Rest of Europe |
| Market leaders and key company profiles |
|
1. Hoshizaki Corp
2. True Manufacturing Co Inc
3. Libherr USA Co
4. Marmon Holding Inc
5. Turbo Air Inc
6. Haier Smart Home Co Ltd
7. Daikin Industries
The Europe Commercial Refrigeration Market is valued at US$ 6,856.30 Million in 2022, it is projected to reach US$ 12,449.89 Million by 2030.
As per our report Europe Commercial Refrigeration Market, the market size is valued at US$ 6,856.30 Million in 2022, projecting it to reach US$ 12,449.89 Million by 2030. This translates to a CAGR of approximately 7.7% during the forecast period.
The Europe Commercial Refrigeration Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Europe Commercial Refrigeration Market report:
The Europe Commercial Refrigeration Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Europe Commercial Refrigeration Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Europe Commercial Refrigeration Market value chain can benefit from the information contained in a comprehensive market report.
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