Frequently Asked Questions
The global merchandising refrigerators market was valued at USD 8.1 Billion in 2022.
The merchandising refrigerators market is expected to grow at a CAGR of 4.80% between 2023 and 2030, reaching USD 11.2 Billion in 2030.
Glass door merchandisers is the leading segment by product type, holding over 43% share in terms of value in 2022.
The commercial segment governs the demand for merchandising refrigerators in the world, holding a massive share of over 60% in 2022.
The fluorocarbons segment is expected to post the highest CAGR during the forecast period.
North America is fueling the growth of the merchandizing refrigerators industry, with over one-third share in 2022.
The top players include Danfoss, Micro Market, Emperor’s Select, Carrier Commercial Refrigeration, Hussmann, Metalfrio, Lennox, Delfield, Galaxy, True Manufacturing, Dover Corporation, Choice, Estella Caffe, Avantco Refrigeration, Koolmore, SABA, and others.
One key element that is anticipated to fuel the market’s growth is the growing use of merchandising refrigerators in the retail industry. Supermarkets, convenience stores, and other retail establishments frequently employ merchandising refrigerators to display and store a variety of food and beverage products.
The high initial cost of merchandise refrigerators restricts the market’s ability to grow. For small and medium-sized businesses, in particular, purchasing and installing merchandising refrigerators can be pricey. These businesses can lack the funds necessary to purchase expensive refrigeration equipment, which can keep them out of the market.
The development of goods that are more energy-efficient, environmentally friendly, and user-friendly is a growing concern for producers of marketing refrigerators. The merchandising refrigerators market is anticipated to increase. As a result, opening up new potential for market participants.