Middle East and Africa (MEA) Commercial Refrigeration Equipment Market is Set to Reach USD 5.2 billion by 2024, Observing a CAGR of 7.7% during 2019–2024

Published Date: Jun, 2019

The Middle East and Africa (MEA) commercial refrigeration equipment market is expected to grow at a CAGR of 7.7% during the forecast period with its market size predicted to reach USD 5.2 billion by 2024. The increasing import of frozen meat products, rising demand for ready-to-eat food and beverages, and the mounting number of organized retail shops are the major factors leading to the high demand of commercial refrigeration equipment in the MEA market.

Increasing demand for ready-to-eat food and beverages to fuel the growth of the commercial refrigeration equipment market

With the changing lifestyle and concentrating population in urban areas across the region, the demand for ready-to-eat food has increased multi-fold over the last decade. With the advancements in processing technologies and packaging industry, the ready-to-eat foods are readily available. Large FMCG companies, as well as domestic unorganized players, are exploring the opportunities in processed food industry. The strengthening economic condition of the region have provided opportunities for processed food industry players in the market.

Display cases to witness the fastest growth in the commercial refrigeration equipment market

Based on equipment type, the commercial refrigeration equipment market is segmented into walk-in coolers, beverage refrigeration, transportation refrigeration equipment, display cases, parts, ice making machineries, and others. The other equipment includes vending machines, cryogenic equipment, and liquid chillier. Of all the equipment type, the highest growth in the demand for the display cases has been observed over the last five years which is anticipated to remain the highest among all the commercial refrigeration equipment types during the forecast period.

Browse Market Insight and In-depth TOC on "MEA Commercial Refrigeration Equipment Market – Analysis and Forecast (2019-2024)"

Food service refrigeration equipment are being widely adopted by end users

The commercial refrigeration equipment market on the basis of application is segmented into food and beverage distribution, food service, food and beverage retail and others. Among all these segments, food service refrigeration is expected to witness highest demand for this refrigerator equipment during the forecast period.

Based on end-user, the commercial refrigeration equipment market is segmented into hotels/restaurants & catering, convenience stores, supermarkets, hypermarkets, e-commerce, and others. Among these segments, supermarkets are the largest end-user of refrigeration equipment in commercial application.

United Technologies Corporation, Johnson Controls International PLC, Daikin Industries Ltd., Dover Corporation, AB Electrolux, Illinois Tool Works Inc., Frigoglass S.A.I.C., AHT Cooling Systems GmbH, and Ali Group S.r.l. a Socio Unico are some of the major players operating in the commercial refrigeration equipment market.

Key Takeaway from the Report:

  • Walk-in coolers hold the largest share in the market
  • Of all the equipment type, the highest growth in the demand for the display cases has been observed over the last five years which is anticipated to remain the highest among all commercial refrigeration equipment types during the forecast period.
  • The food service refrigeration is expected to witness the highest demand in the market
  • The hotels/restaurants and catering category are the largest end-user of refrigeration equipment in commercial application
  • The intensity of rivalry among players in the MEA commercial refrigeration equipment market is moderate
  • Major players are actively focusing on products and services launch to meet the growing demand for the equipment
  • Some of the major companies involved in product and services launch in the market are United technologies corporation, dover corporation, and Frigoglass S.A.I.C

The Report Offers:

  • Historical market estimate for the years 2014–2018 and forecast for the years 2019–2024
  • Insight on current market trends, market dynamics, key opportunities and major challenges in the industry
  • Market insights by in-depth segmentation with industry dynamics.
  • Competitive analysis and benchmarking of the industry leaders and their product offerings
  • Profiles of leading players and innovators, their financial overview and product portfolio
  • Analysis of key industry trends and recent developments
  • Value chain analysis and distribution channel analysis with opportunity assessment
  • Market share analysis of major players

Benefits of Report Purchase from VynZ:

Detailed Research

We provide accurate data and in-depth analysis with all-inclusive coverage.

Robust Research Methodology

Robust research methodology and data triangulation to ensure high quality report.

Analyst Support

24*7 analyst support – Pre and post purchase of the report as well as during the project tenure.

Sales Support

24*7 sales support – Hassle free delivery of the report and quick response and support by sales team.

Free Customization

20% post purchase free customization to meet your requirements.

Customer Satisfaction

We claim full customer satisfaction as our core values lie in building long term relationship.

Security

High level of data security and confidentiality of your information.

The report provides the market value for the base year 2018 and a yearly forecast till 2024 in terms of revenue (USD Million) and volume (Thousand Units). The report segments the MEA commercial refrigeration equipment market on the basis of equipment type, application, end user, and country.

Middle East and Africa (MEA) Commercial Refrigeration Equipment Market Coverage

 Equipment Type Insight and Forecast 2014-2024

  • Walk-in Coolers
    • Packaged Unit
    • Remote Condensing Unit
    • Remote Plant
  • Display Cases
    • Plug in Cases
    • Remote Cases
  • Beverage Refrigeration
    • Beverage Cooling & Dispensing Units
    • Drinking Fountains
    • Beer Dispensing Units
    • Soda Fountain Equipment
    • Others
  • Ice Making Machineries
    • Cubes
    • Flakes
    • Nuggets
  • Transportation Refrigeration Equipment
  • Parts
  • Other Equipment

Application Insight and Forecast 2014-2024

  • Food Service
  • Food and Beverage Retail
  • Food and Beverage Distribution
  • Others

End User Insight and Forecast 2014-2024

  • Supermarkets
  • Hotels/Restaurants and Catering Businesses
  • Hypermarkets
  • Convenience Stores
  • E-Commerce
  • Others

Geographical Segmentation

Commercial Refrigeration Equipment Market by Country

Saudi Arabia

  • By Equipment Type
  • By Application
  • By End User

U.A.E.

  • By Equipment Type
  • By Application
  • By End User

Egypt

  • By Equipment Type
  • By Application
  • By End User

South Africa

  • By Equipment Type
  • By Application
  • By End User

Rest of Middle East and Africa (MEA)

  • By Equipment Type
  • By Application
  • By End User
Our Industry
Middle East and Africa (MEA) Commercial Refrigeration Equipment Market is Set to Reach USD 5.2 billion by 2024, Observing a CAGR of 7.7% during 2019–2024