How the commercial refrigeration equipment market in Latin America is growing?

1. Latin America Commercial Refrigeration Equipment Latin America Commercial Refrigeration Equipment Market Market

2. Global Latin America Commercial Refrigeration Equipment Market With increasing demand for refrigeration in restaurants, grocery stores, food and beverages industry, and frozen meats imports sector in Latin America (LATAM), the refrigeration equipment market is expanding. According to a P&S Intelligence study, the commercial refrigeration equipment market in Latin America generated a revenue of $1,766.0 million in 2017, and it is expected to advance at a CAGR of 4.5% during the forecast period (2018-2023). As the intensity of competition among the market players is moderate, the growth of existing and new players is expected to be smooth. Many players are actively cashing in by launching innovative products in the market to meet the growing demand. In 2017, there were six companies holding more than 60% of the total revenue share in the market. As the Latin American commercial refrigeration equipment market advances, these market players will get more opportunities for growth. Increased demand for ready-to-eat food along with a rise in disposable income has opened many doors for new restaurateurs, and retailers of food products. Another reason for the growth of the Latin Americ commercial refrigeration equipment market is the demand for ready-to-eat food products by consumers and quick-serve restaurants. Due to the fast- paced life and changing lifestyle, people tend to buy more ready-to-eat products, beverages, and frozen food, as these are easy to cook in short time. Commercial refrigeration equipment incudes refrigerators and freezers used at hotels, hypermarkets, supermarkets, restaurants, convenience stores, and other commercial spaces for the purpose of storage, merchandizing, and retail. The commercial refrigeration equipment market in Latin America can be segmented on the basis of equipment type, application, end user, and country. Latin America Commercial Refrigeration Equipment Market Segmentation Market Segmentation by Application •Food Service •Food and Beverage Distribution •Food and Beverage Retail •Others (pharmacy refrigeration, genetic preservation, and medical diagnostic applications) Market Segmentation by End-User •Supermarkets •Hotels/Restaurants & Catering •Hypermarkets •Convenience Stores •E-commerce 2 © P&S Intelligence. All rights reserved

3. Global Latin America Commercial Refrigeration Equipment Market •Others (hospitals, educational institutions, large pharmaceutical stores, and medical and life sciences) 3 © P&S Intelligence. All rights reserved

4. Global Latin America Commercial Refrigeration Equipment Market Disclaimer: P&S Intelligence always keeps customers interest at the core while carrying out research activities. P&S Intelligence ensures the reliability and accuracy of information and data provided in its market research publications. However, the information in publications is subject to fluctuations as they are based on primary interviews of officials from various companies or organizations. P&S Intelligence is not responsible for any incorrect data provided to us by the key industry players of the concerned domain. The information or analysis in P&S Intelligence publications represents opinion based on research and should not be interpreted as statements of fact. The information in this report were believed to be correct at the time of publication but cannot be guaranteed. P&S Intelligence does not endorse any product, service or vendor depicted in its research publications. All intellectual property, including trademarks and copyrights, belong to their respective owners and may be protected by copyright. Under no circumstance may these be reproduced in any form without the prior written agreement of its owner. An order for market research report is intended for internal use of the company alone and not for disclosure to third parties or any publication in general. No service, report or part thereof provided by P&S Intelligence can be reproduced, republished, resold, revealed, distributed, circulated, or sublicensed in any medium or form now realized or hereafter become realized, including and not limited to, all forms of optical-based media, magnetic, electronic, or digital without a written permission from P&S Intelligence. Kindly write to: enquiry@psmarketresearch.com B-13, Sector – 2, Noida, U.P. – 201301, INDIA Contact No: +91 120 4541 337 US/Canada Toll-Free: 1-888-778-7886 4 © P&S Intelligence. All rights reserved