Walk-in Coolers and Freezers: The Era of Customization

Walk-in Cooler and Freezer Manufacturers Investing in R&D to Meet Evolving Needs

  • 2019-07-11
  • REP-GB-5155
  • 88 Tables
  • 263 Figures
  • 266 pages
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 Walk-in Cooler And Freezer Market
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Walk-in Coolers and Freezers: Emphasizing Low GWP, Efficient Solutions

A paucity of time among today’s consumers has been paving greater grounds for frozen foods and ready-to-eat meals. As large businesses emphasize stock rotation and product integrity, walk-in coolers and freezers that suit to specific requirements will remain pre-requisites in the foreseeable future. End-user preference for tailor-made walk-in coolers and freezers continues to push developmental efforts of manufacturers to suit specific dimensions and workspace. Manufacturers are also focusing on the development of low GWP walk-in coolers and freezers for remaining compliant with the government regulations on environment conservation. All these collectively remain key imperatives for success in the walk-in coolers and freezers landscape.

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Walk-In Coolers and Freezers Market – Key Research Findings 

walk in coolers freezers market snapshot
  1. The global walk-in Coolers and Freezers market was valued ~US$ 8 Bn in 2019. 
  2. The walk-in Coolers and Freezers market is anticipated to witness a robust growth with a CAGR of ~5% over the forecast period of 2019–2029. 
  3. South Asia and East Asia markets are expected to remain prominent regional markets in the global walk-in Coolers and Freezers market. 
    • Rapid urbanization in India and China resulting in an increase in commercial restaurants and retail food outlets chain in the region, which is expected to drive the sales of walk-in Coolers and Freezers market. 
  4. The South Asia market is expected to lead the walk-in Coolers and Freezers market in terms of CAGR growth, registering a growth of ~7% CAGR over the forecast period. 
    • The growth is primarily driven by growing retail food outlets and franchises, cold storage warehouses, and restaurant chains in India and other ASEAN countries. 
  5. The commercial kitchen & restaurants segment is anticipated to create prominent demand for walk-in coolers & freezers, followed by retail food & beverage outlets. 

Top 3 Factors Shaping the Walk-In Coolers and Freezers Market 

  • Need for Extended Shelf Life and Control of Bacterial Growth Driving the Demand for Food Cold Storage and Warehousing

    Food and beverages are required to keep in specific environment parameters to avoid food decay and extend the shelf life. These specific environmental parameters are achieved by several methods such as alteration of atmospheric gaseous contents, food irradiation, refrigeration, etc. to slow down the bacterial growth. Among these, refrigeration helps to preserve the food for a long period and keeps bacterial growth at bay. Hence, refrigeration and cold storage plays an important role in commercial restaurants, supermarkets, breweries, and other retail food outlet stores. Growing urban population and increasing number of supermarkets are expected to increase the demand for walk-in coolers and freezers among these applications. 

    Moreover, in recent years, a rising trend towards the preference of minimal processed food, which is nutritionally superior and easy to prepare has been prominent among consumers. This has led to the need for food preservation among food service industry players, which in turn, is driving the demand for walk-in coolers & freezers. 

walk in cooler freezers market
  • Emergence of Low GWP Refrigerants

    Refrigeration system manufacturers are inclined towards producing energy efficient products with low Global Warming Potential (GWP). Walk-in Coolers and Freezers emit a large amount of greenhouse gases, which has become a concern. Moreover, governments of several countries have introduced strict laws and regulations to control and reduce GHG emissions from refrigerants and walk-in coolers & freezers. Due to this, manufacturers are shifting their preference towards energy efficient and low GWP refrigerants in their products. This trend is expected to be prominent among walk-in Coolers and Freezers manufacturers in the near future.

  • Customized Walk-In Refrigerators

    Customized walk-in Coolers and Freezers are gaining prominence among end-use customers. Every customer and application require a different product, designed to fulfill specific set of industrial process conditions. Walk-in coolers & freezer manufacturers are shifting their focus to develop customized products to better suit the customer needs in pharmaceutical, chemical, manufacturing, and petrochemical industries. Unlike standard walk-in coolers & freezers, customized products provide flexibility and tailor-made options as per specific requirement of end users. The increasing trend towards preference of customized walk-in Coolers and Freezers by end-use industries is expected to drive manufacturers to develop and deliver customized refrigerants.

Walk-In Coolers and Freezers Market Structure Analysis

  • The global walk-in Coolers and Freezers market is significantly fragmented, wherein, tier-1 companies hold ~20-23% of the total market share.
  • Tier-1 companies include Danfoss A/S, Standex International Corporation, Welbilt, Inc., Hussmann Corporation, and Amerikooler LLC, among others.
  • A large number of local players in the walk-in Coolers and Freezers market have fragmented the competition landscape and these players account for ~60-65% of the overall revenue share.
  • Prominent players in the walk-in Coolers and Freezers market are focusing on delivering products as per clients’ customizations as well as developing environmentally friendly products to keep in norm with government regulations.

Steady Gains Ensued by Norms and Trade

Environmental concerns top the list when it comes to cooling technologies. Sensing the urging requirement for sustainable solutions, manufacturers are investing in R&D for low GWP refrigerants, even as enhancing the energy efficiency of walk-in coolers and freezers. The global food production is on the record high, as is the demand for food worldwide. As the global trade for a diverse range of foods grows unabated, demand for solutions to keep these products fresh, while retaining their shelf-life is paramount. This has considerably complemented the adoption of walk-in coolers and freezers specifically for ready to eat food, frozen food , frozen ready meals and fresh meat products. Macro-economic aspects such as urbanization and industrialization will also have notable impacts on the walk-in coolers and freezers landscape in the long run.

Developing Markets Remain a Goldmine of Opportunity for Stakeholders

Walk-in cooler and freezer sales are proportional to performance of downstream markets such as retail food & beverage and commercial kitchen space. As these sectors continue to perform well, especially in developing markets, older refrigeration units will witness fast replacement by walk-in coolers and freezers. Opportunities abound for walk-in coolers and freezers manufacturers in developing markets, with East Asia and South Asia collectively accounting for ~30% sales. High replacement sales, primarily driven by changing emission norms abreast aging equipment space, have been one of the leading sales influencers of walk-in coolers and freezers in the recent past.

* This data is only a representation. Actual data may vary and will be available in report.

Developing Markets Remain a Goldmine of Opportunity for Stakeholders
Developing Markets Remain a Goldmine of Opportunity for Stakeholders
Developing Markets Remain a Goldmine of Opportunity for Stakeholders
Developing Markets Remain a Goldmine of Opportunity for Stakeholders
  • 2014
  • 2019
  • 2023
  • 2029
  • Arrow

The Broader Perspective

Requirement-specific walk-in coolers and freezers that feature low GWP and greater energy efficiency continue to remain key winning imperatives for the market stakeholders. Leading players are focusing on increasing their sales force through collaborations and partnerships with regional players. The capacity of the worldwide refrigerated warehouses has grown in recent years, with short-term storage being staged at strategic locations for meeting the requirements of retail distribution, import-export logistics facilities, and seasonally-produced foods. These aspects have significantly impelled the erection of refrigerated warehouses for maintaining the freshness of food products, in turn creating lucrative opportunities for the walk-in coolers and freezers manufacturers.

Self-contained refrigeration remains preferred

High demand for remote condensing units

Hinged doors remain the mainstay of walk-in coolers and freezers

Manual sliding doors witness a steady rise in sales

Adoption remains high Commercial kitchen and restaurants

Retail food & beverage also remain lucrative

OEMs continue to account for a majority of shares

Steady growth projected for aftermarket sales

How Growth will Unfold

Digitalization has become a pervasive trend among industry sectors, influencing refrigeration solution providers to focus on smart and energy-efficient product developments. The walk-in coolers and freezers landscape continues to witness the exploration of new technologies in areas such as temperature and operation controls. Addition of unique product features, particularly safety sensors and smart functions, is being highly prioritized. Introduction of stricter laws by governments, apropos of ebbing and managing GHG emissions from refrigerants has led manufacturers to make R&D investments dedicated to production of eco-friendly solutions.

 Walk-in Cooler And Freezer Market

* This data is only a representation. Actual data may vary and will be available in report.

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Overview

Walk-in Coolers and Freezers: The Era of Customization

A recent report published by FMI on Walk-in Coolers and Freezers Market includes Global Industry Analysis 2014-2018 & Forecast 2019-2029 and provides detailed analysis of several factors and market dynamics affecting the walk-in Coolers and Freezers market growth. After a comprehensive study on the historical and current growth trends of the walk-in Coolers and Freezers market, the forecast growth projections are achieved with maximum precision.

Walk-in Cooler And Freezer Market Taxonomy

The global walk-in Coolers and Freezers market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach. This section of the report covers market taxonomy, market definition by product type and key inclusions of the global walk-in Coolers and Freezers market.

Product Type

  • Walk-in Cooler
  • Walk-in Freezer
  • Combo (Freezer + Cooler)

Place of Use

  • Indoor
  • Outdoor

Technology

  • Self-Contained
  • Remote Condensing
  • Multiplex Condensing

Door Type

  • Hinged
  • Power Sliding
  • Manual Sliding

Application

  • Cold Storage Warehouse
  • Breweries
  • Commercial Kitchen & Restaurants
  • Floral Storage
  • Pharmaceuticals
  • Chemicals
  • Research laboratories
  • Hospitals & Mortuaries
  • Mobile Refrigeration System
  • Retail Food & Beverage
    • Supermarket
    • Hypermarket
    • Convenience Stores
  • Other Stores 

Sales Channel

  • OEM
  • Aftermarket

Mounting Type

  • Floor
  • Non-floor

Region

  • North America
  • Europe
  • Latin America
  • South Asia
  • Oceania
  • East Asia
  • Middle East & Africa (MEA)

What's Included

The market report begins with detailed summary of key research findings, trends, and factors contributing towards the growth of the walk-in Coolers and Freezers market. This chapter also specifics market size estimates (in US$ million) of key segments in the walk-in Coolers and Freezers market.

This section covers detailed market taxonomy and definition of walk-in Coolers and Freezers market by product type, along with key inclusions considered in assessing the walk-in Coolers and Freezers market.

This chapter highlights key trends anticipated to impact walk-in Coolers and Freezers market growth during the estimated period.

This chapter details key strategies adopted by manufactures for improving their market share.

This chapter explains the global market volume analysis and forecast for the walk-in Coolers and Freezers market during the forecast period of 2019-2029.

This section details the average pricing analysis of walk-in Coolers and Freezers as per the product type in different regions across the world.

This section details the global market value analysis (in US$ Mn) and forecast for the walk-in Coolers and Freezers market over the forecast period of 2019-2029. This chapter also includes incremental $ opportunity analysis for the projected period.

Key macro-economic factors that are anticipated to influence the walk-in Coolers and Freezers market growth over the forecast period are highlighted in this section. This chapter also highlights the prominent market dynamics, drivers, restraints, and opportunity analysis of the walk-in Coolers and Freezers market. Moreover, readers will understand key developments and trends followed by the prominent players in the walk-in Coolers and Freezers market.

This chapter details about the walk-in Coolers and Freezers market on the basis of technology type, which has been classified into self-contained, remote condensing, and multiplex condensing. In this section, readers can understand the walk-in Coolers and Freezers market attractiveness analysis and incremental $ opportunity based on the technology type.

This chapter specifics about the walk-in Coolers and Freezers market on the basis of place of use, which has been classified into indoor and outdoor walk-in Coolers and Freezers.

This section provides analysis of the walk-in Coolers and Freezers market by the product type, which is classified into walk-in coolers, walk-in freezers, and walk-in combos (cooler + freezer).

This chapter analyses the walk-in Coolers and Freezers market on the basis of application, which has been segmented into cold storage warehouse, breweries, commercial kitchen & restaurants, floral storage, pharmaceuticals, chemicals, research laboratories, hospitals & mortuaries, mobile refrigeration systems, and retail food & beverages. The retail food & beverage segment has been further classified into supermarkets, hypermarkets, convenience stores, and other stores. In this chapter, readers can also find the walk-in Coolers and Freezers market attractiveness analysis based on the application.

This chapter details of the market attractiveness analysis of the walk-in Coolers and Freezers market on the basis of door type, which has been segmented into below hinged door, manual sliding, and power sliding type walk-in Coolers and Freezers.

This chapter specifics about the walk-in Coolers and Freezers market on the basis of sales channel, which has been classified into OEM and aftermarket.

This chapter analyses the walk-in Coolers and Freezers market on the basis of mounting type, which has been segmented into below floor and non-floor type walk-in Coolers and Freezers.

A detailed analysis of walk-in Coolers and Freezers across several geographic regions such as North America, Europe, Latin America, East Asia, South Asia, Oceania, and Middle East & Africa (MEA) are provided in this section.

This chapter provides details about the growth of the North America walk-in Coolers and Freezers market, along with a country-wise assessment that includes the U.S. and Canada. Key regional trends, regulations, and market growth based on end users and countries in North America are also provided in this chapter.

This chapter covers pricing analysis as well as regional trends impacting the growth of the walk-in Coolers and Freezers market in the Latin America region. This chapter also covers the growth prospects of the walk-in Coolers and Freezers market in prominent Latin American regions such as Brazil, Mexico, and the Rest of Latin America.

The key growth trends and prospects of the walk-in Coolers and Freezers market based on its end users in several countries such as Italy, Germany, France, U.K., Spain, BENELUX, Nordic Counties, Russia, and the Rest of Europe are included in this chapter.

The following chapter covers the growth of the walk-in Coolers and Freezers market in the South Asia region with detailed analysis of India, Thailand, Malaysia, the Philippines, and the Rest of South Asia. This chapter also helps understand key factors impacting the growth of the walk-in Coolers and Freezers market in the South Asia region.

Growth trends and key factors contributing to the growth of the walk-in Coolers and Freezers market in East Asia such as China, Japan, and South Korea are analyzed in this chapter for the forecast period of 2019-2029.

This section details the walk-in Coolers and Freezers market growth pattern for the Oceania region with detailed analysis for Australia and New Zealand.

Growth trends and key factors contributing to the growth of the walk-in Coolers and Freezers market in the MEA region with detailed analysis of regions such as GCC Countries, Turkey, South Africa, and the Rest of MEA are provided in this chapter for the forecast period of 2019-2029.

This chapter provides information about how the walk-in Coolers and Freezers market will grow in key emerging countries, namely China and India during the forecast period of 2019-2029.

A detailed tier structure analysis and market concentration of key players based on their market revenue in the walk-in Coolers and Freezers market is detailed in this chapter.

In this section, a list of some of the prominent manufacturers in the walk-in Coolers and Freezers market, along with an overview of each company with geographical and segmental revenue distribution, recent developments and strategic overview are provided. Some of the key manufacturers detailed in the report are Danfoss A/S, Everidge, Standex International Corporation, Hussmann Corporation, Amerikooler LLC, Beverage-Air Corporation, Bally Refrigerated Boxes, Inc., Welbilt, Inc., Viessmann Refrigeration Systems Oy, TMP Manufacturing Company, Inc., ABN Refrigeration Manufacturing, Foster Refrigerator and Canadian Curtis Refrigeration, among others.

This chapter includes a list of acronyms and assumptions that provide a base to the information and statistics included in the walk-in Coolers and Freezers report.

This chapter help readers understand the research methodology followed to obtain several conclusions as well as important qualitative and quantitative information about the walk-in Coolers and Freezers market.

How the research was conducted?

Primary Research

Primary research interview with key opinion leaders and other participants were conducted for data collection and validation of the below information:

  • Walk-in Coolers and Freezers Manufacturers
    • Sales Head
    • R&D Head
    • Procurement Head
  • Channel Partners
    • Sales Head
    • Sales Manager
  • Walk-in Coolers and Freezers Solution Providers
  • Regional Walk-in Coolers and Freezers Distributors
  • Average Selling Price (US$) of Walk-in Coolers and Freezers and Market Growth
  • Key Developments
  • Key Walk-in Coolers and Freezers Market Trends and Opportunities
  • Regional wise Dynamics
  • Market Share Information
  • Key Brands
  • Competition & Key Vendor Strategies

Secondary Research

  • Published Financial Data: Quarterly financial statements, 10-K & 10-Q filings, annual reports, Factiva, Morning Star, Zawya etc., along with company websites, and other published financial sources including local newspapers, magazines to determine company-wise earnings.
  • Corporate Communication: Corporate press release specification sheet, price list, catalogs, and financial disclosures provided sales, products, and product related information.
  • Published Trade Data: Publication from trade organizations, associations, and governments, along with ITC trade database and regional / local paid databases.
  • Other Data Sources: Article from target industry experts, and industry stakeholders, press information and data released by exhibitions conducted by associations etc.

Primary Interview Splits

Primary Interview Splits primary interview splits walk in cooler freezers market synop

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