14.04.2021 Бизнес

MEA Commercial Refrigeration Equipment Market Size, Status, Top Players, Trends in Upcoming Years

Depending on equipment type, the market is classified into beverage refrigeration, walk-in coolers, transportation refrigeration equipment, ice making machineries, display cases, parts, and various other equipment. Out of these, the walk-in coolers category recorded the highest growth in the market during the last few years. Moreover, this category is predicted to demonstrate the highest growth in the market in the forthcoming years, on account of the mushrooming demand for food products and beverages in the region.

When end-user is taken into consideration, the MEA commercial refrigeration equipment market is divided into hypermarkets, supermarkets, convenience stores, e-commerce, hotels/restaurants and catering, and others such as educational institutions, hospitals, large pharmaceutical stores, and the medical and life sciences sector. Out of these, the hotels/restaurants and catering category recorded the highest growth in the market in the past years.

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This was because of the boom in the tourism sector, especially in Qatar, the U.A.E., South Africa, and Kuwait. Based on application, the MEA commercial refrigeration equipment market is divided into food and beverage distribution, food service, food and beverage retail, genetic preservation, pharmacy refrigeration, and medical diagnostic categories. Out of these, the food & beverage retail category registered huge expansion in the market during the last few years and this trend will continue in the coming years as well, on account of the thriving tourism sector in the regional countries such as the U.A.E. and Qatar.

Hence, it can be said with full surety that the market will exhibit huge expansion in the future years, mainly because of the growing demand for food items and beverages and the rising popularity of ready-to-eat food products in the MEA region.

This market research report provides a comprehensive overview of the market

* Future potential of the market through its forecast for the period 2020– 2030
* Major factors driving the market and their impact during the short, medium, and long terms
* Market restraints and their impact during the short, medium, and long terms
* Recent trends and evolving opportunities for the market participants
* Historical and the present size of the market segments and understand their comparative future potential
* Potential of on-demand logistics services, so the market players make informed decisions on the sales of their offerings