UK Commercial Refrigeration Equipment Market Size & Outlook
UK commercial refrigeration equipment market, 2018-2030 (US$M)
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UK commercial refrigeration equipment market highlights
- The UK commercial refrigeration equipment market generated a revenue of USD 1,861.7 million in 2023 and is expected to reach USD 2,675.1 million by 2030.
- The UK market is expected to grow at a CAGR of 5.3% from 2024 to 2030.
- In terms of segment, refrigerators & freezers was the largest revenue generating product in 2023.
- Refrigerators & Freezers 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 1,861.7 million |
| Market revenue in 2030 | USD 2,675.1 million |
| Growth rate | 5.3% (CAGR from 2023 to 2030) |
| Largest segment | Refrigerators & freezers |
| Fastest growing segment | Refrigerators & Freezers |
| 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, UK accounted for 4.6% 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 Europe, Germany commercial refrigeration equipment market is projected to lead the regional market in terms of revenue in 2030.
- UK is the fastest growing regional market in Europe and is projected to reach USD 2,675.1 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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UK 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 26.66% in 2023. Horizon Databook has segmented the UK 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 U.K. is anticipated to be the highest growing region in Europe with a CAGR of 5.3% over the forecast period. The country’s market strength is attributed to the increasing demand for refrigerator and freezer products.
Furthermore, according to Office for National Statistics, there are over 100 thousand fast food restaurant, cafes, take-away food shops, and mobile food stands outlets across the U.K, which have a substantial demand for refrigeration equipment.
On the other hand, the fastest-growing small brands, such as Creams Café, Turtle Bay, Tortilla Mexican Grill, Decks, and Chozen Noodle, favor the growth of the commercial refrigeration equipment market over the forecast period.
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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 UK commercial refrigeration equipment market , including forecasts for subscribers. This country databook contains high-level insights into UK commercial refrigeration equipment market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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UK commercial refrigeration equipment market size, by product, 2018-2030 (US$M)
UK Commercial Refrigeration Equipment Market Outlook Share, 2023 & 2030 (US$M)
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