Latin America Commercial Refrigeration Equipment Market Size & Outlook
Latin America commercial refrigeration equipment market, 2018-2030 (US$M)
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Latin America commercial refrigeration equipment market highlights
- The Latin America commercial refrigeration equipment market generated a revenue of USD 1,739.0 million in 2023.
- The market is expected to grow at a CAGR of 6.5% from 2024 to 2030.
- In terms of segment, other equipment was the largest revenue generating product in 2023.
- Transportation Refrigeration Equipment is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, Mexico is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 1,739.0 million |
| Market revenue in 2030 | USD 2,702.8 million |
| Growth rate | 6.5% (CAGR from 2023 to 2030) |
| Largest segment | Other equipment |
| Fastest growing segment | Transportation Refrigeration Equipment |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Transportation Refrigeration Equipment, Refrigerators & Freezers, Beverage Refrigeration, Display Showcases, Ice Merchandisers & Ice Vending Equipment, Other Equipment |
| Key market players worldwide | Ashford Hospitality Trust Inc, Altus Group Ltd, Carrier Global Corp Ordinary Shares, Daikin Industries Ltd, Dover Corp, Electrolux AB ADR, Panasonic Holdings Corp, Illinois Tool Works Inc, Johnson Controls International PLC, Lennox International Inc, Whirlpool Corp |
Other key industry trends
- In terms of revenue, Latin America region accounted for 4.3% of the global commercial refrigeration equipment market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 17,855.4 million by 2030.
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Commercial Refrigeration Equipment Market Scope
Commercial Refrigeration Equipment Market Companies
| Name | Profile | # Employees | HQ | Website |
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Latin America commercial refrigeration equipment market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to commercial refrigeration equipment market will help companies and investors design strategic landscapes.
Other equipment was the largest segment with a revenue share of 26.6% in 2023. Horizon Databook has segmented the Latin America commercial refrigeration equipment market based on transportation refrigeration equipment, refrigerators & freezers, beverage refrigeration, display showcases, ice merchandisers & ice vending equipment, other equipment covering the revenue growth of each sub-segment from 2018 to 2030.
The region’s growth is attributed to the increasing imports of frozen meat products, and the growing food & beverages industry, among others. Moreover, the growing use of natural refrigerants instead of synthetic refrigerants, attributed to the new regulations and growing environmental awareness across the region, is expected to fuel the demand for commercial refrigeration equipment demand over the forecast period.
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Target buyers of Latin America commercial refrigeration equipment market databook
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Our clientele includes a mix of commercial refrigeration equipment market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America commercial refrigeration equipment market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America commercial refrigeration equipment market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America commercial refrigeration equipment market size, by country, 2018-2030 (US$M)
Latin America Commercial Refrigeration Equipment Market Outlook Share, 2023 & 2030 (US$M)
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