U.S. Commercial Refrigeration Equipment Market Size & Outlook
U.S. commercial refrigeration equipment market, 2018-2030 (US$M)
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U.S. commercial refrigeration equipment market highlights
- The U.S. commercial refrigeration equipment market generated a revenue of USD 10,739.7 million in 2023 and is expected to reach USD 14,379.1 million by 2030.
- The U.S. market is expected to grow at a CAGR of 4.3% from 2024 to 2030.
- In terms of segment, refrigerators & freezers was the largest revenue generating product in 2023.
- Beverage Refrigeration 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 10,739.7 million |
| Market revenue in 2030 | USD 14,379.1 million |
| Growth rate | 4.3% (CAGR from 2023 to 2030) |
| Largest segment | Refrigerators & freezers |
| Fastest growing segment | Beverage Refrigeration |
| 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, U.S. accounted for 26.3% 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 North America, U.S. commercial refrigeration equipment market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 3,342.2 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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U.S. 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 23.62% in 2023. Horizon Databook has segmented the U.S. 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.S. is the market leader in the retail industry; the country has well-established distribution channels for all categories of retail companies. There are several opportunities for growth exist in the U.S. retail market for all sizes retail providers that is from small- to medium-sized franchise unit owner, direct or individual sellers and large store operators.
This high growth in retail market is generating high demand for food service equipment market in the U.S., which is projected to drive the commercial refrigeration equipment market growth further.
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Target buyers of U.S. 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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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 country-level data and insights on the U.S. commercial refrigeration equipment market , including forecasts for subscribers. This country databook contains high-level insights into U.S. commercial refrigeration equipment market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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U.S. commercial refrigeration equipment market size, by product, 2018-2030 (US$M)
U.S. Commercial Refrigeration Equipment Market Outlook Share, 2023 & 2030 (US$M)
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