How Walk-in Coolers and Freezers Market Will Dominate In Coming Years? Key Players: Panasonic Corporation, Artic Walk-in Coolers and Freezers, Delfield, Precision Refrigeration, SRC Refrigeration, Imperial Manufacturing Group, Haier Inc., Friginox, Imbera
For more information in the analysis of this report, visit: https://www.fortunebusinessinsights.com/industry-reports/walk-in-coolers-and-freezers-market-101433
The report is based on information from both primary and secondary research methods. It also provides insights into the market such as growth drivers, restraints, opportunities, and challenges. The report throws light on significant market players and key strategies adopted by them such as mergers and acquisitions, company collaborations, investment in research and development, product launches, and others. Apart from this, the report lists down major industrial developments that can help players invest accordingly and thus, compete with others for the lion’s share. The report is available for sale on the company website.
Walk-in refrigerators are huge refrigerators with a walking space used for commercial purposes that range in both low and middle temperatures. Walk-in freezers and coolers are usually found in hypermarkets or supermarkets for freezing both cooked and raw food products for daily preservation and production of inventory. According to current walk-in coolers and freezers market trends, the market is categorized on the basis of type, application, end-use industry, and geography.
Some of the significant players in the walk-in coolers and freezers market include:
• Imperial Manufacturing Group
• Hussmann Corporation
• Artic Walk-in Coolers and Freezers
• Haier Inc.
• Beverage-air Corporation
• SRC Refrigeration
• Imbera Food Service
• Precision Refrigeration
• Panasonic Corporation
Key Industry Development
September 2018 – Los Angeles based Duracold Refrigeration Manufacturing Company was acquired by Arctic walk-in coolers and freezers for the expanding their geographies and enhancing their customer service, along with quality.
February 2020 – With the increasing demand, an investment of US$ 280,000 was announced by Precision Refrigeration into its production facilities on account of continuous rise in need for further capacity and growth.
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The discovery of new oil wells is likely to fuel demand in the global market. Moreover, clinical studies taking place to increase the productivity of existing wells is expected to drive the market.
On the flip side, high cost associated with machinery and lack of skilled professionals is certain factors that may hamper the growth in the global Walk-in Coolers and Freezers market.
Expansion of End-user Preference for Customized Products Boosting Market
Market players are investing huge sums into research and development activities in order to introduce energy-efficient walk-in coolers and freezers. This is anticipated to promote the walk-in coolers and freezers market growth in the forecast period. Besides this, the surge in the adoption of customized walk-in refrigerators will also fuel demand for such refrigerators in the near future. They maintain the authenticity of food items and keeps them fresh for a longer duration, thus attracting high walk-in coolers and freezers market revenues.
Additionally, the upcoming trends in the market such as rise in end-user preference for tailor-made or customized walk-in coolers and freezers are pushing manufacturers to develop products that suit specific workspace and dimensions. Vendors are also focusing on developing walk-in coolers and freezers with low GWP to remain compliant with environment conservation and government regulations. Such factors are anticipated to boost the market globally during the forecast period. Moreover, the rise in demand for ready-to-eat and frozen food items has also propelled the demand for their storage in supermarkets and hypermarkets. This ultimately is expected to help increase the walk-in coolers and freezers market size in the coming years.
Rise in Demand from Hotels and Restaurants to help North America Continue Dominant
Fortune Business Insights foresees North America to earn the highest walk-in coolers and freezers market share between 2020 and 2026. This is owing to the accelerating demand from restaurants, hotels, bakery outlets, hypermarkets, and supermarkets. Moreover, the rise in a number of food service establishments that have already installed walk-in refrigerators will boost up the sales of new walk-in refrigerators in the region.
On the other side, the walk-in coolers and freezers market share in the Asia Pacific has extended with the rise in disposable incomes of consumers. Furthermore, the overall growth in the value of non-residential construction is also anticipated to stoke up the demand for walk-in coolers and freezers in the near future.
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Key Market Driver –
• The increasing trend of consuming frozen food in developed countries owing to the rise in a number of supermarkets.
• Record high global food production and demand for solutions to keep products fresh
• The high rate of urbanization and industrialization.
Key Market Restraint –
• High initial costs and stringent government regulations for lower GWP refrigerants.
Major Segments Includes:
1. By Type
2. By End-User
• Food & Beverage
3. By Application
• Grocery Stores
• Others (Supermarkets)
4. By Geography
• North America (USA and Canada)
• Europe (UK, Germany, France, Italy, Spain, Scandinavia and Rest of Europe)
• Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
• Middle East & Africa (South Africa, GCC and Rest of the Middle East & Africa)
• Latin America (Brazil, Mexico and Rest of Latin America)
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Major Table of Content For Walk-in Coolers and Freezers Market:
2. Executive Summary
3. Market Dynamics
4. Key Insights
5. Global Walk-in Coolers and Freezers Market Analysis, Insights and Forecast, 2026
6. North America Walk-in Coolers and Freezers Market Analysis, Insights and Forecast, 2026
7. Europe Walk-in Coolers and Freezers Market Analysis, Insights and Forecast, 2026
8. Asia Pacific Walk-in Coolers and Freezers Market Analysis, Insights and Forecast, 2026
9. Middle East and Africa Walk-in Coolers and Freezers Market Analysis, Insights and Forecast, 2026
10. Latin America Walk-in Coolers and Freezers Market Analysis, Insights and Forecast, 2026
11. Competitive Landscape
12. Company Profile
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