The global merchandizing refrigerators market size is expected to be valued at US$ 8.2 Billion in 2023. With the growing demand for specialty refrigerators, the overall scope for merchandizing refrigerators is projected to grow at a CAGR of 4.5% between 2023 and 2033, totaling around US$ 12.7 billion by 2033.
“Increasing demand for convenience foods, as well as the increasing adoption of IoT and AI in refrigeration solutions, are the major factors that are expected to propel the growth of the merchandizing refrigerators market in the near future.”
One of the primary factors that are expected to boost the growth of the market is the increasing demand for refrigerated and frozen food products. With the rising population, changing dietary habits, and busy lifestyles, consumers are increasingly opting for convenient and healthy food options that require refrigeration or freezing. This is expected to drive the demand for merchandising refrigerators, which are essential for storing and displaying these products.
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The increasing adoption of merchandizing refrigerators in the retail sector is another factor that is expected to drive the growth of the market. Merchandizing refrigerators are widely used in supermarkets, convenience stores, and other retail outlets to display and store a wide range of food and beverage products.
The growing number of retail outlets and the increasing competition among retailers to provide a better shopping experience to customers is expected to drive the demand for merchandising refrigerators. Moreover, the growing trend of online grocery shopping is also expected to boost the growth of the merchandizing refrigerators market.
As more and more consumers opt for online grocery shopping, retailers are increasingly investing in refrigeration solutions that can ensure the safe and efficient delivery of perishable products. This is expected to drive the demand for merchandizing refrigerators, which are essential for storing and transporting these products.
The increasing investment in the development of innovative and technologically advanced merchandizing refrigerators is also expected to drive the growth of the market. Manufacturers of merchandising refrigerators are increasingly focusing on developing products that are more energy-efficient, sustainable, and user-friendly. This is expected to create new opportunities for market players and drive the growth of the merchandizing refrigerators market.
Key Takeaways from the Market Study
- Global merchandising refrigerators market was valued at US$ 7.8 billion by 2022-end.
- From 2018 to 2022, the market demand expanded at a CAGR of 2.1%.
- North America is expected to hold the highest CAGR of 4.4% during the forecast period.
- By product type, the glass door merchandisers segment is expected to constitute a CAGR of 4.4%
- By application, the commercial segment is expected to dominate the market with a CAGR of 4.3%
“Increasing demand for convenience foods, as well as the increasing adoption of IoT and AI in refrigeration solutions, are the major factors that are expected to propel the growth of the merchandizing refrigerators market in the near future.” Remarks an FMI analyst.
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Competitive Landscape
- Danfoss
- Micro Market
- Emperor’s Select
- Delfield
- Galaxy
- Choice
- Estella Caffe
- Avantco Refrigeration
- Koolmore
- SABA
Recent Developments:
- In 2021, True Manufacturing, a leading manufacturer of commercial refrigeration equipment, introduced a new line of glass door merchandisers with advanced LED lighting and energy-efficient features.
- In 2020, Hussmann Corporation, a global manufacturer of refrigeration systems, launched a new line of merchandising refrigerators with remote monitoring capabilities and advanced temperature control systems.
- In the same year, Dover Corporation announced the acquisition of Envirocooler, a manufacturer of sustainable refrigeration systems that use hydrocarbon refrigerants and advanced insulation technology to reduce energy consumption.
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Key Segments Covered in the Merchandizing Refrigerators Industry Analysis
By Product Type:
- Open Display Merchandisers
- Glass Door Merchandisers
- Bakery Cases
- Freezer Merchandisers
- Specialty Glass Door Merchandisers
By Refrigerants Used:
- Fluorocarbons
- Hydrocarbons
- Others
By Application:
- Residential
- Commercial
About Future Market Insights (FMI)
Future Market Insights (ESOMAR-certified market research organization and a member of the 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.
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