Walk-in Coolers and Freezers Market Size, Share & Industry Analysis, By Type (Indoor, Outdoor), By Application (Restaurants, Grocery Stores, Others (Supermarkets)), By End-Use Industry (Retail, Food & Beverage, Pharmaceutical) and Regional Forecast, 2021-2028

Walk-in refrigerators are commercial refrigerators with walking space and are available in low and medium temperature range. These types of refrigerators are primarily used in supermarkets or hypermarkets to cool or freeze raw and cooked food products for daily production and preservation of inventory.

The growth in international fast-food chains and café outlets continue to explore opportunities in various attractive destinations, causing an increase in demand for walk-in coolers and freezers across the globe. The global commercial refrigeration market is expected to reach around US$ 50 Bn by 2026 which would positively impact the growth of walk-in freezers and coolers market during the forecast period 2019 – 2026.

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The increasing adoption of customized walk-in refrigerators is anticipated to boost the growth of walk-in coolers and freezers. Additionally, manufacturers investing heavily in R&D activities are expected to introduce better and more energy-efficient walk-in coolers and freezers would also fuel the demand for walk-in coolers and freezers.

There also have been many new trends in the global walk-in coolers and freezer market which include, growing end-user preference for customized or tailor-made walk-in coolers and freezers are constantly pushing developmental efforts of manufacturers to suit specific dimensions and workspace. The producers are also aiming on the development of low GWP walk-in coolers and freezers for remaining compliant with the government regulations on environment conservation.

Key Players Covered:

Key Players in global walk-in coolers and freezer market Include, Panasonic Corporation, Artic Walk-in Coolers and Freezers, Delfield, Precision Refrigeration, SRC Refrigeration, Imperial Manufacturing Group, Haier Inc., Friginox, Imbera Food Service, Hussmann Corporation, Beverage-air Corporation.

Segmentation

Regional Analysis

North America is expected to have the maximum market share during the forecast period 2019-2026. The major aspects responsible for the walk-in coolers and freezers market growth in the region is the firm growth in demand from supermarkets, hotels, restaurants, and bakery outlets. Additionally, the increasing number of food service establishments that have walk-in refrigerators installed will drive the sales of new walk-in refrigerators in the region.

In Asia Pacific, consumer demand for restaurant meals has expanded as customers disposable incomes grew, and budgets broadened over the past few years. Furthermore, overall growth in the value of non-residential construction is also expected to fuel the demand for walk-in coolers and freezers during the forecast period 2019-2026.

Key Industry Developments

• February 2019: Owing to the growing demand, Precision Refrigeration announced a US$ 280,000 investment into its production facilities due to continued growth and the need for further capacity.


• September 2018: Artic walk-in coolers and freezers acquired Los Angeles based Duracold Refrigeration Manufacturing Company to expand its geographic reach and also to enhance quality and customer service.