Increased import-export activity in the Latin America food and
beverages industry will augur well for the global commercial
refrigeration equipment market in the region, finds a latest study
published by Transparency Market Research. The report, titled
‘Commercial Refrigeration Equipment Market - Latin America Industry
Analysis, Size, Share, Growth, Trends and Forecast, 2012-2018,’
states that the market will stand at US$ 1.1 bn by 2018. According to
the report, the market will log a CAGR of 6.9% between 2012 and 2018.
The sales of commercial refrigeration equipment such as preparatory
tables, beverage refrigerators, refrigerated trucks, walk-in
freezers, and display cases are expected to show an increase in Latin
America through the report’s forecast period.
Browse the full Commercial Refrigeration Equipment Market - Latin
America (Caribbean, Central America and South America) Industry
Analysis, Size, Share, Growth, Trends and Forecast 2012-2018 report
at
http://www.transparencymarketresearch.com/commercial-refrigeration-equipments.html
Latin American countries are experiencing steady economic growth,
backed also by a healthy tourism sector, causing the demand for
commercial refrigeration equipment to increase in restaurants,
transport hubs, hotels, and food processing factories. The market
will also be driven by improving trade relations between Latin
American countries and other regions of the world. The introduction
of initiatives such as the Energy Efficiency Program for Latin
America and the Caribbean and the Regional Energy Information System
by the Latin American Energy Organization (by OLADE), have
necessitated the replacement or upgrade of several older commercial
refrigeration equipment.
While the commercial refrigeration equipment market in Latin America
is seeing steady demand for both new installations and equipment
replacements, the demand for the former is noticeably higher. The
installation of new commercial refrigeration in Latin American
countries is largely driven by refrigerated transportation equipment
and storage systems.
On the basis of product type, the global commercial refrigeration
equipment market is segmented into: refrigerators and freezers,
transportation refrigeration equipment, beverage refrigeration
equipment, parts, and other equipment. Both domestic and
international trade is witnessing an uptick in Latin America, and
this has positive implications for the food and beverages industry
here. The increased trade volumes will in turn create a white space
in the market for transportation refrigeration equipment.
From the geographical standpoint, South America represents the
largest segment in the Latin America commercial refrigeration
equipment market, thanks to the region having a high density of
population. This region is trailed by the Central America commercial
refrigerated equipment market. The report states that the demand for
such equipment in the Caribbean region will not be as high as South
and Central America despite the multibillion-dollar tourism industry
here.
From the application standpoint, the Latin America market for
commercial refrigeration equipment is classed into food service, food
and beverage production, food and beverage distribution, and food and
beverage retail. The demand for refrigeration equipment in the food
service sector is the highest, with products such as vending
machines, display cases, and beverage refrigeration equipment leading
the market. The report finds that 50% of the Latin America commercial
refrigeration equipment market by product was dominated by two
segments in 2014 – food service and F&B distribution.Companies
profiled in the report include: Hussmann International, Inc.,
Metalfrio Solutions SA, Daikin Industries, Ltd., Beverage-Air
Corporation, Dover Corporation, and others.
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By Product
Transportation refrigeration equipment
Refrigerators and freezers
Beverage refrigeration equipment
Other equipment
Parts
By Application
Food service
Food and beverage retail
Food and beverage distribution
Food and beverage production
By Geography
Central America
South America
The Caribbean
About Us
Transparency Market Research (TMR) is a global market intelligence
company providing business information reports and services. The
company’s exclusive blend of quantitative forecasting and trend
analysis provides forward-looking insight for thousands of decision
makers. TMR’s experienced team of analysts, researchers, and
consultants use proprietary data sources and various tools and
techniques to gather and analyze information.
TMR’s data repository is continuously updated and revised by a team
of research experts so that it always reflects the latest trends and
information. With extensive research and analysis capabilities,
Transparency Market Research employs rigorous primary and secondary
research techniques to develop distinctive data sets and research
material for business reports.
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