Mar 26, 2019   SOURCE: BusinessWire

Middle East & Africa (MEA) Commercial Refrigeration Equipment Market 2019: Analysis & Outlook 2013-2023 - Growing Demand for Commercial Refrigeration Equipment by QSRs - ResearchAndMarkets.com

The "Middle East and Africa (MEA) Commercial Refrigeration Equipment Market (2013-2023)" report has been added to ResearchAndMarkets.com's offering.

According to this research, by 2023, the Middle East and Africa commercial refrigeration equipment market is projected to grow to $4.8 billion. The market progress can be credited to the development of restaurant chains and organized retail (hypermarkets and supermarkets), and growing requirement for ready-to-eat products.

The MEA commercial refrigeration equipment market, on the basis of application, has been divided into food and beverage distribution, food service, and food and beverage retail. Among these, in 2017, the food and beverage retail category held almost 24% market share. Upcoming events, such as FIFA World Cup 2022 in Qatar and World Expo 2020 in the UAE, will accelerate the food and beverage retail sector growth in the Gulf Cooperation Council (GCC) countries.

In addition, the GCC countries are estimated to witness nearly 74 million tourists by 2020, offering numerous opportunities to the food and beverage sector to thrive. As the food and beverage industry expands, the demand for commercial refrigeration equipment would also project a similar pattern during the forecast period. In terms of value, the food and beverage retail category is predicted to advance at a CAGR of over 6%.

The development of organized retail with respect to restaurants, supermarkets, and hypermarkets, in countries, such as Algeria, Morocco, South Africa, and Egypt, is one of the key drivers of the MEA commercial refrigeration equipment market growth. This is due to government support for the development of urban pockets, and increasing urbanization.

Furthermore, in developing countries, consumers living in urban areas have a higher disposable income than those in rural areas. In recent years, the governments of several of these nations have come up with new development projects for smart urban areas. Hence, with an increase in the level of urbanization, the demand for refrigeration equipment during the forecast period is expected to be fueled in the food retail industry, medium-size grocery stores, hypermarkets, and Tier I and Tier II restaurants.

The retail market in the Middle East is projected to develop at a rapid pace in the near future. The region is witnessing heavy investments in infrastructural development, building of strong digital platforms, and acquiring of new brands, resulting in the transformation of the retail landscape here. The organized retail sector is projected to expand considerably in the U.A.E., Saudi Arabia, and the U.A.E. The CAGR of the organized retail space is expected to be about 17% in Qatar, 9% in Saudi Arabia, 9.5% in U.A.E., 18% in Oman, and 8.5% in Kuwait during the forecast period.

Market Dynamics

Trends

  • Increasing use of display refrigerators
  • Shift toward eco-friendly refrigerants

Drivers

  • Development of organized retail
  • Growing demand for ready-to-eat products and beverages
  • Impact analysis of drivers on market forecast

Restraints

  • Changing government regulations for energy efficient commercial refrigeration systems
  • Impact analysis of restraints on market forecast

Opportunities

  • Technological advancements
  • Growing demand for commercial refrigeration equipment by QSRs

Key Topics Covered

Chapter 1. Research Background

1.1 Research Objectives

1.2 Market Definition

1.3 Research Scope

1.3.1 Market Segmentation by Equipment Type

1.3.2 Market Segmentation by Application

1.3.3 Market Segmentation by End-User

1.3.4 Market Segmentation by Geography

1.3.5 Analysis Period

1.3.6 Market Data Reporting Unit

1.3.6.1 Value

1.3.6.2 Volume

1.4 Key Stakeholders

Chapter 2. Research Methodology

2.1 Secondary Research

2.2 Primary Research

2.2.1 Breakdown of Primary Research Respondents

2.2.1.1 By region

2.2.1.2 By industry participant

2.2.1.3 By company type

2.3 Market Size Estimation

2.4 Data Triangulation

2.5 Assumptions for the Study

Chapter 3. Executive Summary

Chapter 4. Introduction

4.1 Definition of Market Segments

4.1.1 By Equipment Type

4.1.1.1 Walk-in coolers

4.1.1.1.1 Packaged unit

4.1.1.1.2 Remote condensing unit

4.1.1.1.3 Remote plant

4.1.1.2 Transportation refrigeration equipment

4.1.1.2.1 Road

4.1.1.2.2 Rail

4.1.1.2.3 Marine

4.1.1.2.4 Air

4.1.1.3 Display cases

4.1.1.3.1 Plug-in cases

4.1.1.3.2 Remote cases

4.1.1.4 Beverage refrigeration

4.1.1.4.1 Beverage cooling & dispensing units

4.1.1.4.2 Drinking fountains

4.1.1.4.3 Beer dispensing units

4.1.1.4.4 Soda fountain equipment

4.1.1.4.5 Others

4.1.1.5 Parts

4.1.1.6 Ice making machineries

4.1.1.6.1 Ice cube machineries

4.1.1.6.2 Ice flake machineries

4.1.1.6.3 Ice nugget machineries

4.1.1.7 Other equipment

4.1.2 By Application

4.1.2.1 Food service

4.1.2.2 Food and beverage distribution

4.1.2.3 Food and beverage retail

4.1.2.4 Others

4.1.3 By End-User

4.1.3.1 Supermarkets

4.1.3.2 Hotels/restaurants & catering

4.1.3.3 Hypermarkets

4.1.3.4 Convenience stores

4.1.3.5 E-commerce

4.1.3.6 Others

4.2 Value Chain Analysis

4.2.1 Commercial Refrigeration Equipment Manufacturers

4.2.2 Independent Wholesalers/Distributors

4.2.3 Retailers

4.2.4 End-Users

4.3 Market Dynamics

4.4 Porter's Five Forces Analysis

Chapter 5. MEA Market Size and Forecast

5.1 By Equipment Type

5.2 By Application

5.3 By End-User

5.4 By Country

Chapter 6. Saudi Arabia Market Size and Forecast

Chapter 7. South Africa Market Size and Forecast

Chapter 8. U.A.E. Market Size and Forecast

Chapter 9. Egypt Market Size and Forecast

Chapter 10. Rest of MEA Market Size and Forecast

Chapter 11. Competitive Landscape

11.1 Market Share Analysis of Key Players

11.1 Recent Activities of Major Players

11.2 Strategic Developments of Key Players

11.2.1 Product and Service Launches

11.2.2 Partnerships

11.2.3 Other Developments

Chapter 12. Company Profiles

12.1 United Technologies Corporation

12.1.1 Business Overview

12.1.2 Product and Service Offerings

12.1.3 Key Financial Summary

12.2 AB Electrolux

12.3 Frigoglass S.A.I.C.

12.4 Dover Corporation

12.5 Daikin Industries Ltd.

12.6 AHT Cooling Systems GmbH

12.7 Ali Group S.r.l. a Socio Unico

12.8 Illinois Tool Works Inc.

12.9 Johnson Controls International PLC

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