By 2023, the commercial walk-in freezer market will be worth US$691.68 million. The market is predicted to develop at a CAGR of 4.8% over the forecast period, reaching a valuation of US$ 1105.40 Mn by 2033.
The rise in demand for frozen food is the main factor driving the commercial walk-in freezer industry. As of 2022, the frozen food market was valued at US$ 314,285 Mn, and over the projected period, a CAGR of 6.7% is anticipated.
In addition, a rise in the popularity of fast food is anticipated to drive up demand for commercial walk-in freezers.
Request for sample@
https://www.futuremarketinsights.com/reports/sample/rep-gb-16054
Due to the walk-in freezers’ capacity to store a lot of frozen food and other perishable items for cooling, the device has attracted a lot of consumers in the food service and retail industries.
The wide temperature range that walk-in freezers may work in is unquestionably important to investors. The device is anticipated to see an increase in sales during the projection period due to its capacity to deliver cooling at sub-zero temperatures.
Commercial walk-in freezers help to some extent with cost-cutting goals as well. These aid in stock rotation and serve as year-round warehouses for products, helping
industrial refrigeration.
Thus, from the insights delivered by FMI, it can be inferred that “an expanding frozen food market, coupled with the ability to help achieve cost cutting is expected to increase the commercial walk in freezer market share during the forecast period.”
Key Takeaways:
- The commercial walk in freezer market is valued at US$ 691.68 Mn as on 2023.
- By 2033, the market is expected to reach a valuation of US$ 1105.40 Mn.
- The market is expected to grow at a CAGR of 4.8% during the period 2023-2033.
- The US commercial walk in freezer market is projected to be valued at US$ 213.86 Mn by 2033, and is expected to grow at a CAGR of 3.7% during the forecast period.
- The UK market is valued at US$ 19.37 Mn as on 2023, and is forecasted to grow at a CAGR of 4.6% during the forecast period.
- The China commercial walk in freezer market is expected to hold a valuation of US$ 115.65 Mn by 2033, and is projected to grow at a CAGR of 7% during the forecast period.
- The Japan market holds a valuation of US$ 35.28 Mn as on 2023, and is projected to expand at a robust CAGR of 6% through 2033.
- The South Korea commercial walk in freezer market is expected to grow at a CAGR of 5.5% through 2033, and by 2033, the market is expected to be valued at US$ 48.44 Mn.
- Based on the technology, the self-contained segment has the highest market share, and is expected to surge at a CAGR of 5.6% during the forecast period.
- Based on the door type, the hinged segment has the highest market share, and is expected to grow at a CAGR of 5.1% during the forecast period.
Request For TOC @
https://www.futuremarketinsights.com/toc/rep-gb-16054
Competitive Landscape
The main objective of the key players has been focusing on strengthening their leadership, and had taken a few important decisions based on leadership change. The reason has been to bring on board those members who have been a part of this market for a long time, and know the intricacies associated with the market dynamics.
Some of the recent developments are:
- In October 2022, Parker Hannifin Corp. appointed Jennifer A Parmentier as the CEO and Andrew D Ross as the COO.
- In October 2022, Panasonic Energy’s new EV battery facility in Kansas would initially produce 30GWh of electricity.
Key Companies Profiled
- SRC Refrigeration
- Parker Hannifin Corp.
- TMP Manufacturing Company
- Panasonic Corporation
- American Panel Corporation
Request Methodology @
https://www.futuremarketinsights.com/request-report-methodology/rep-gb-16054
About Us
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
Contact Us:
Future Market Insights,
Unit No: 1602-006,
Jumeirah Bay 2,
Plot No: JLT-PH2-X2A,
Jumeirah Lakes Towers,
Dubai,
United Arab Emirates
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com