Asia Pacific Commercial Refrigerators Market, By Product Type (Reach-in Refrigerators, Walk-in Refrigerators, Undercounter Refrigerators, Beverage Refrigerators, and Others), By Distribution Channel (Direct Sales, and Indirect Sales (e.g., distributors, dealers)), By End User (Food Service, Grocery Stores and Supermarkets, Healthcare, Hospitality, and Others)

Published In : Aug 2024

Code : CMI7263

Pages :170

Formats :

Excel and PDF

Industry : Information and Communication Technology

Market Concentration and Competitive Landscape

Asia Pacific Commercial Refrigerators Market Concentration By Players

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Increasing Demand for Convenience Stores and Supermarkets

The Asian region is experiencing rising urban population coupled with increasing disposable incomes which is driving more consumers to opt for convenience products and services to save time. This has pushed the growth of convenience stores, small grocery shops and neighborhood supermarkets significantly over last few years. Such stores provide easy access to daily need consumer items as well as food and beverages to time strapped customers.

These modern convenience outlets are well equipped with commercial refrigerator display units of various types and sizes based on their requirement. While small convenience stores use basic under-counter refrigerator units to showcase beverages and dairy items, larger neighborhood supermarkets rely on walk-in cooler rooms and freezer systems to store delicate fruits and vegetables, meats, seafood and other products in controlled thermal conditions for longer shelf life.

As more women are joining the workforce, the need for convenient one-stop shopping experience close to their homes or offices has increased manifold. Supermarkets are stocking up not just staples but also value-added food items, snacks and ready to eat meals to cater to this demand. This trend has empowered the retail sector to expand aggressively across cities as well as tier 2 and tier 3 towns where availability of organized retailers was limited earlier.

Moreover, the ready availability of affordable refrigerator units today and technological advancements allowing higher energy efficiency compared to earlier units are encouraging smaller neighborhood shops as well as start-ups engaged in online food delivery business to utilize commercial refrigeration to showcase and store food items under safe temperatures-controlled environment. All these factors are fueling the commercial refrigerators demand strongly in the region.

Key Players Insights