Global Commercial Refrigeration Market Growth 2025-2031
Description
The global Commercial Refrigeration market size is predicted to grow from US$ 19330 million in 2025 to US$ 25260 million in 2031; it is expected to grow at a CAGR of 4.6% from 2025 to 2031.
The impact of the latest U.S. tariff measures and the corresponding policy responses from countries worldwide on market competitiveness, regional economic performance, and supply chain configurations will be comprehensively evaluated in this report.
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).
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%.
LP Information, Inc. (LPI) ' newest research report, the “Commercial Refrigeration Industry Forecast” looks at past sales and reviews total world Commercial Refrigeration sales in 2024, providing a comprehensive analysis by region and market sector of projected Commercial Refrigeration sales for 2025 through 2031. With Commercial Refrigeration sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Commercial Refrigeration industry.
This Insight Report provides a comprehensive analysis of the global Commercial Refrigeration landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Commercial Refrigeration portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Commercial Refrigeration market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Commercial Refrigeration and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Commercial Refrigeration.
This report presents a comprehensive overview, market shares, and growth opportunities of Commercial Refrigeration market by product type, application, key manufacturers and key regions and countries.
Segmentation by Type:
Transport Refrigeration (Van and TrucUnits)
Walk in Box Refrigerator Units (Refrigerated and Frozen)
Segmentation by Application:
Transportation
Restaurant & Food-Service
Floral Markets
Manufacturing
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
Thermo King
Carrier Transicold
DENSO
Wabash National
Lamberet
MHI
Chereau
Great Dane
Zanotti
Kingtec
FRIGOBLOCK
GAH Refrigeration
Morgan
Sainte Marie
Hubbard
Mortech Manufacturing Inc.
U.S. Cooler
Bally Refrigerated Boxes
Curtis
Polar King International
MR. Winter
Master-Bilt
KPS Global
Barr Refrigeration, Arctic
Key Questions Addressed in this Report
What is the 10-year outlook for the global Commercial Refrigeration market?
What factors are driving Commercial Refrigeration market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Commercial Refrigeration market opportunities vary by end market size?
How does Commercial Refrigeration break out by Type, by Application?
Please note: The report will take approximately 2 business days to prepare and deliver.
The impact of the latest U.S. tariff measures and the corresponding policy responses from countries worldwide on market competitiveness, regional economic performance, and supply chain configurations will be comprehensively evaluated in this report.
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).
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%.
LP Information, Inc. (LPI) ' newest research report, the “Commercial Refrigeration Industry Forecast” looks at past sales and reviews total world Commercial Refrigeration sales in 2024, providing a comprehensive analysis by region and market sector of projected Commercial Refrigeration sales for 2025 through 2031. With Commercial Refrigeration sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Commercial Refrigeration industry.
This Insight Report provides a comprehensive analysis of the global Commercial Refrigeration landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Commercial Refrigeration portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Commercial Refrigeration market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Commercial Refrigeration and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Commercial Refrigeration.
This report presents a comprehensive overview, market shares, and growth opportunities of Commercial Refrigeration market by product type, application, key manufacturers and key regions and countries.
Segmentation by Type:
Transport Refrigeration (Van and TrucUnits)
Walk in Box Refrigerator Units (Refrigerated and Frozen)
Segmentation by Application:
Transportation
Restaurant & Food-Service
Floral Markets
Manufacturing
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
Thermo King
Carrier Transicold
DENSO
Wabash National
Lamberet
MHI
Chereau
Great Dane
Zanotti
Kingtec
FRIGOBLOCK
GAH Refrigeration
Morgan
Sainte Marie
Hubbard
Mortech Manufacturing Inc.
U.S. Cooler
Bally Refrigerated Boxes
Curtis
Polar King International
MR. Winter
Master-Bilt
KPS Global
Barr Refrigeration, Arctic
Key Questions Addressed in this Report
What is the 10-year outlook for the global Commercial Refrigeration market?
What factors are driving Commercial Refrigeration market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Commercial Refrigeration market opportunities vary by end market size?
How does Commercial Refrigeration break out by Type, by Application?
Please note: The report will take approximately 2 business days to prepare and deliver.
Table of Contents
165 Pages
- *This is a tentative TOC and the final deliverable is subject to change.*
- 1 Scope of the Report
- 2 Executive Summary
- 3 Global by Company
- 4 World Historic Review for Commercial Refrigeration by Geographic Region
- 5 Americas
- 6 APAC
- 7 Europe
- 8 Middle East & Africa
- 9 Market Drivers, Challenges and Trends
- 10 Manufacturing Cost Structure Analysis
- 11 Marketing, Distributors and Customer
- 12 World Forecast Review for Commercial Refrigeration by Geographic Region
- 13 Key Players Analysis
- 14 Research Findings and Conclusion
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