Mexico Commercial Refrigeration Equipment Market Size & Outlook
Mexico commercial refrigeration equipment market, 2018-2030 (US$M)
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Mexico commercial refrigeration equipment market highlights
- The Mexico commercial refrigeration equipment market generated a revenue of USD 582.9 million in 2023 and is expected to reach USD 915.9 million by 2030.
- The Mexico market is expected to grow at a CAGR of 6.7% 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.
Commercial refrigeration equipment market data book summary
| Market revenue in 2023 | USD 582.9 million |
| Market revenue in 2030 | USD 915.9 million |
| Growth rate | 6.7% (CAGR from 2023 to 2030) |
| Largest segment | Other equipment |
| Fastest growing segment | Transportation Refrigeration Equipment |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, Mexico accounted for 1.4% of the global commercial refrigeration equipment market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil commercial refrigeration equipment market is projected to lead the regional market in terms of revenue in 2030.
- Mexico is the fastest growing regional market in Latin America and is projected to reach USD 915.9 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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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.
Other equipment was the largest segment with a revenue share of 26.32% in 2023. 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 2018 to 2030.
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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Our clientele includes a mix of commercial refrigeration equipment market companies, investment firms, advisory firms & academic institutions.
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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 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Mexico commercial refrigeration equipment market size, by product, 2018-2030 (US$M)
Mexico Commercial Refrigeration Equipment Market Outlook Share, 2023 & 2030 (US$M)
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