(MENAFN- America News Hour) In a recent published report, Kenneth Research has updated the market report for Commercial Refrigeration Equipment Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Commercial Refrigeration Equipment Market products.
Request To Download Sample of This Strategic Report:
By the end of 2050, the world's population aged 60 years and above is anticipated to reach 2 billion, states the World Health Organization (WHO), in one of its statistics. Additionally, several manufacturers are increasingly showing interest for manufacturing healthy beverages, which is also anticipated to drive the growth of the market in the coming years.
Global Commercial Refrigeration Equipment Market was valued at USD 30 Billion in the year 2017. Global Commercial Refrigeration Equipment Market is further estimated to grow at a CAGR of 6.3% from 2019 to reach USD 49.02 Billion by the year 2025. The North America region holds the highest Market share in 2017 and the Asia Pacific is considered as the fastest growing Market in the forecasted period. At a country level, US, China, and Hong Kong are projected to grow strongly in the coming years due to increasing density of population.
Major market players in Commercial Refrigeration Equipment Market are United Technologies Corp., Ingersoll-Rand Plc, Johnson Controls Incorporated, Daikin Industries Ltd., Dover Corp., Hussmann Corp., AHT Cooling Systems GmbH, Ali SpA, Illinois Tool Works Incorporated, Emerson Electric Company, and brief overview of 11 companies is also provided in the report. Rising research and development expenses are catering to changing demand of end users. Similarly, growth strategies such as acquisition, merger, and expansion of the distribution network were few techniques adopted by most of Tier 1 and Tier 2 manufacturers in recent years.
Request To Download Sample of This Strategic Report:
SWOT Analysis of Commercial Refrigeration Equipment Market:
Strength:
Increasing demand for packaged food products
Weakness:
Regular innovations making products costly
Opportunities:
Advancement in technology
Threats:
Intense competition among the producers
The Global Commercial Refrigeration Equipment Market is segmented as By Product Type, Application, Distribution Channel and Region. The Product Type is segmented as refrigerator and freezer, refrigerated display cases, transportation refrigeration, beverage refrigeration, refrigerated vending machine and ice machine in which refrigerator and freezer hold the highest share in the Market.
Commercial Refrigeration Equipment Market:
By Distribution Channel
*Departmental Stores
*Online
By Product Type
*Refrigerator and Freezer
*Refrigerated Display Cases
*Transportation Refrigeration
*Beverage Refrigeration
*Refrigerated Vending Machine
*Ice Machine
By Application
*Food service
*Food and beverage distribution
*Food and beverage retail
*Food and beverage production
*Others
By Region
North America
*USA
*Canada
Europe
*Germany
*U.K.
*France
*Italy
*Rest of Europe
APAC
*China
*India
*Japan
*Rest of Asia-Pacific
RoW
*Latin America
*Middle East & Africa
1. Introduction
1.1 Industry Vision
1.1.1 Industry Definition
1.1.2 Industry Scope
1.2 Limitations
1.3 Stakeholders
2. Research Methodology
2.1. Research Process
2.1.1. Secondary Research
2.1.1.1. Key Data from Secondary Research
2.1.2. Primary Research
2.1.2.1. Key Data from Primary Research
2.1.2.2. Breakdowns of Primary Interviews
2.2. Industry Size Estimation
2.2.1. Bottoms-Up Approach
2.2.2. Top-Down Approach
2.2.3. Annual Revenue Process
2.3. Data Triangulation
2.4. Research Assumptions
2.4.1. Assumption
3. Executive Summary
4. Industry Overview
4.1. Introduction
4.2. Strength
4.3. Weakness
4.4. Opportunities
4.5. Threats
4.6. Regulations
4.7. Supply Chain/Value Chain Analysis
4.11. Patent & Standards
5. Industry Trends
5.1. Introduction
5.2. Porter's Five Forces Analysis
5.2.1. Threat of New Entrants
5.2.2. Threat of Substitutes
5.2.3. Bargaining Power of Buyers
5.2.4. Bargaining Power of Suppliers
5.2.5. Intensity of Competitive Rivalry
6. Commercial Refrigeration Equipment Industry, By Product Type
6.1 Refrigerator and Freezer
6.2 Refrigerated Display Cases
6.3 Transportation Refrigeration
6.4 Beverage Refrigeration
6.5 Refrigerated Vending Machine
6.6 Ice Machine
7. Commercial Refrigeration Equipment Industry, By Application
7.1 Food service
7.2 Food and beverage distribution
7.3 Food and beverage retail
7.4 Food and beverage production
7.5 Others
8. Commercial Refrigeration Equipment Industry, By Distribution Channel
8.1 Departmental Stores
8.2 Online
9 Geographical Analysis
9.1. Introduction
9.2. North America
9.2.1. U.S.
9.2.2. Canada
9.2.3. Mexico
9.3. Europe
9.3.1. Germany
9.3.2. France
9.3.3. U.K.
9.3.4. RoE
9.4. Asia Pacific
9.4.1. China
9.4.2. Japan
9.4.3. India
9.4.4. RoAPAC
9.5. RoW
9.5.1. Latin America
9.5.1.1. Brazil
9.5.1.2. Argentina
9.5.1.3. Rest of Latin America
9.5.2. Middle East and Africa
10. Company Profiles
10.1 United Technologies Corporation
10.1.1 Company Overview
10.1.2 Financial Overview
10.1.3 Product Overview
10.1.4 Current Development
10.2 Ingersoll-Rand plc
10.3 Johnson Controls Incorporated
10.4 Daikin Industries Limited
10.5 Dover Corporation
10.6 Hussmann Corporation
10.7 AHT Cooling Systems GmbH
10.8 Ali SpA
10.9 Illinois Tool Works Incorporated
10.8 Emerson Electric Company
11. Competitive Analysis
11.1. Introduction
11.2. Industry Positioning of Key Players
11.3 Competitive Strategies Adopted by Leading Players
11.3.1. Investments & Expansions
11.3.2. New Product Launches
11.3.3. Mergers & Acquisitions
11.3.4. Agreements, Joint Ventures, and Partnerships
12. Appendix
12.1. Questionnaire
12.2. Available Customizations
12.3. Upcoming Events (Trade Fair, Exhibitions, Conferences)
Download Sample of This Strategic Report-:
Reasons to Purchase this Report
*Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
*Provision of market value (USD Billion) data for each segment and sub-segment
*Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
*Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
*Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled
*Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players
*The current as well as future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
*Includes an in-depth analysis of the market of various perspectives through Porter's five forces analysis
*Provides insight into the market through Value Chain
*Market dynamics scenario, along with growth opportunities of the market in the years to come
*6-month post sales analyst support
Read More:
About Kenneth Research
Kenneth Research is a reselling agency providing market research solutions in different verticals such as Automotive and Transportation, Chemicals and Materials, Healthcare, Food & Beverage and Consumer Packaged Goods, Semiconductors, Electronics & ICT, Packaging, and Others. Our portfolio includes set of market research insights such as market sizing and market forecasting, market share analysis and key positioning of the players (manufacturers, deals and distributors, etc), understanding the competitive landscape and their business at a ground level and many more. Our research experts deliver the offerings efficiently and effectively within a stipulated time. The market study provided by Kenneth Research helps the Industry veterans/investors to think and to act wisely in their overall strategy formulation
Contact Us
Kenneth Research
Email:
Phone: +1-(347)-627-0064
James Bullock
James Bullock is a Research Expert with a demonstrated history of working in the professional training & coaching industry. Strong professional skilled in business strategy , Strategic Planning, Research Strategy, and Marketing. also have interest in new innovations and technology
MENAFN07102021004545010068ID1102931371
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.