Mexico Commercial Refrigeration Equipment Market Size & Outlook
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Mexico commercial refrigeration equipment market highlights
- The Mexico commercial refrigeration equipment market generated a revenue of USD 582.4 million in 2024 and is expected to reach USD 1,057.8 million by 2033.
- The Mexico market is expected to grow at a CAGR of 6.8% from 2025 to 2033.
- In terms of segment, refrigerators & freezers was the largest revenue generating product in 2024.
- Other Equipment is the most lucrative product segment registering the fastest growth during the forecast period.
Commercial refrigeration equipment market data book summary
| Market revenue in 2024 | USD 582.4 million |
| Market revenue in 2033 | USD 1,057.8 million |
| Growth rate | 6.8% (CAGR from 2025 to 2033) |
| Largest segment | Refrigerators & freezers |
| Fastest growing segment | Other Equipment |
| Historical data | 2021 - 2023 |
| Base year | 2024 |
| Forecast period | 2025 - 2033 |
| 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, Mexico accounted for 1.4% of the global commercial refrigeration equipment market in 2024.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2033.
- In Latin America, Brazil commercial refrigeration equipment market is projected to lead the regional market in terms of revenue in 2033.
- Mexico is the fastest growing regional market in Latin America and is projected to reach USD 1,057.8 million by 2033.
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Commercial Refrigeration Equipment Market Scope
Commercial Refrigeration Equipment Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Ashford Hospitality Trust Inc | View profile | 116 | 14185 Dallas Parkway, Suite 1200, Dallas, TX, United States, 75254 | https://www.ahtreit.com |
| Lennox International Inc | View profile | 12600 | 2140 Lake Park Boulevard, Richardson, TX, United States, 75080 | https://www.lennox.com |
| Altus Group Ltd | View profile | 2600 | 33 Yonge Street, Suite 500, Toronto, ON, Canada, M5E 1G4 | https://www.altusgroup.com |
| Carrier Global Corp Ordinary Shares | View profile | 53000 | 13995 Pasteur Boulevard, Palm Beach Gardens, FL, United States, 33418 | https://www.corporate.carrier.com |
| Whirlpool Corp | View profile | 59000 | 2000 North M-63, Benton Harbor, MI, United States, 49022-2692 | https://www.whirlpoolcorp.com |
| Dover Corp | View profile | 25000 | 3005 Highland Parkway, Downers Grove, IL, United States, 60515 | https://www.dovercorporation.com |
| Daikin Industries Ltd | View profile | 107127 | Umeda Center Building, 2-4-12, Nakazaki-Nishi, Kita-ku, Osaka, Japan, 530-8323 | http://www.daikin.com |
| Electrolux AB ADR | View profile | 41869 | Street Goransgatan 143, Stadshagen, Stockholm, Sweden, SE-105 45 | https://www.electroluxgroup.com |
| Illinois Tool Works Inc | View profile | 45000 | 155 Harlem Avenue, Glenview, IL, United States, 60025 | https://www.itw.com |
| Panasonic Holdings Corp | View profile | 230025 | 1006, Oaza Kadoma, Kadoma-shi, Osaka, Japan, 571-8501 | https://holdings.panasonic |
| Johnson Controls International PLC | View profile | 102000 | One Albert Quay, Cork, Ireland, T12 X8N6 | https://www.johnsoncontrols.com |
Mexico 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.
Refrigerators & freezers was the largest segment with a revenue share of 31.28% in 2025. Horizon Databook has segmented the Mexico 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 2021 to 2033.
Mexico is expected to showcase significant growth across the region with a CAGR of 6.7% over the forecast period. This growth is attributed to the increase in commercial construction activity in the country, including office buildings, hotels, and newly-build hospitals, among others.
For instance, the Chemours Company partnered with Bohn de Mexico, a leading industrial and commercial refrigeration equipment company. This partnership is expected to offer Bohn de Mexico Company low global warming potential (GWP) and non-ozone depleting (ODP) refrigerants for its new BOHN Eco flex condensing units, which is expected to propel the market growth further.
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Target buyers of Mexico 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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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the Mexico commercial refrigeration equipment market , including forecasts for subscribers. This country databook contains high-level insights into Mexico commercial refrigeration equipment market from 2021 to 2033, including revenue numbers, major trends, and company profiles.
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Mexico Product - Commercial Refrigeration Equipment Market size, 2025 - 2033 (US$M)
Mexico Commercial Refrigeration Equipment Market Outlook Share, 2025 & 2033 (US$M)
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