Press release
Walk-In Refrigerator Market Size Forecasted To Achieve $17.96 Billion By 2029 With Steady Growth
Walk-In Refrigerator
What Is the Walk-In Refrigerator Market Size and Projected Growth Rate?
The walk-in refrigerator market is expected to grow from $12.24 billion in 2024 to $13.24 billion in 2025, reflecting a CAGR of 8.2%. The market has grown due to the expansion of the retail and foodservice industries, increased healTH*Care industry requirements, rising environmental awareness, expansion of supply chains, and growth in the hospitality sector.
The walk-in refrigerator market is projected to reach $17.96 billion by 2029 with a CAGR of 7.9%. Growth is attributed to increasing food safety regulations, rising demand in healTH*Care, the expansion of e-commerce, emerging markets, and sustainability initiatives. Key trends include energy-efficient solutions, modular designs, IoT integration, and continued technological innovations.
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What Are the Major Segments in the Walk-In Refrigerator Market?
The walk-in refrigerator market covered in this report is segmented -
1) By Type: Indoor Type, Outdoor Type
2) By Component: Hardware, Software, Service
3) By Door Type: Insulated Flush Door, Slide Door
4) By End-User: Food Processing Industry, Retail Food Service, Foodservice Industry, HealTH*Care Facilities, Bars, Other End-Users
Subsegment
1) By Indoor Type: Reach-In Units, Roll-In Units, Step-In Units
2) By Outdoor Type: Modular Units, Custom-Built Units
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What Are The Driving Walk-In Refrigerator Market Evolution?
The growing number of restaurants is expected to contribute to the expansion of the walk-in refrigerator market. Restaurants are increasing due to factors such as higher disposable incomes, urbanization, lifestyle changes, tourism, and the growth of food delivery services. Walk-in refrigerators provide efficient cold storage for perishable ingredients, reduce food waste, and comply with health regulations, improving operational efficiency. For instance, according to the Census and Statistics Department in the UK, restaurant receipts in the first half of 2023 rose by 47.7% in value and 41.8% in volume compared to 2022. Therefore, the rise in the number of restaurants is driving the walk-in refrigerator market.
Which Firms Dominate The Walk-In Refrigerator Market Segments?
Major companies operating in the walk-in refrigerator market are Panasonic Holdings Corporation, Johnson Controls International plc, Blue Star Limited, Thermo King Corporation, Beverage-Air Corporation, True Manufacturing Company Inc., KPS Global LLC, Master-Bilt Products LLC, Foster Refrigerator, Nor-Lake Inc., Cantek Group, American Panel Corporation, Bally Refrigerated Boxes Inc., Imperial Brown Inc., Delfield Company, Leer Inc., Victory Refrigeration, Polar King International Inc., U.S. Cooler, Koolmax Group Ltd, Arctic Industries Inc., SRC Refrigeration, Industrial Refrigeration Pvt. Ltd., Kolpak, Stericox India Private Limited
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Which Is The Largest Region In The Walk-In Refrigerator Market?
North America was the largest region in the walk-in refrigerator market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the walk-in refrigerator market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Walk-In Refrigerator Market?
2. What is the CAGR expected in the Walk-In Refrigerator Market?
3. What Are the Key Innovations Transforming the Walk-In Refrigerator Industry?
4. Which Region Is Leading the Walk-In Refrigerator Market?
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