Egypt Commercial Stainless Steel Refrigerator Market (2024-2030) | Share, Trends, Value, Analysis, Outlook, Forecast, Growth, Industry, Companies, Size & Revenue

Egypt Commercial Stainless Steel Refrigerator Market Synopsis

Egypt commercial stainless steel refrigerator market witnessed significant growth in recent years owing to the growing hospitality sector for instance Talaat Moustafa Group of Egypt and Saudi billionaire Prince Alwaleed Bin Talal have agreed to invest $800 million in hotel construction. Additionally, expanding Egypt retail sector such as Majid Al Futtaim (MAF) retail has announced plans for further investment in the Egyptian market, including a $16 Million investment in 2023 to $30 Million till 2025 would further drive the demand for refrigerators in the retail sector. However, the commercial refrigerator market witnessed a contraction, in revenues, during 2020 on account of a fall in revenues from the commercial sector, manufacturing and halting of several projects on account of nationwide lockdowns owing to the spread of COVID-19.

According to 6wresearch, the Egypt Commercial Stainless Steel Refrigerator Market revenue size is projected to grow at a CAGR of 8.5% from 2023E-2029F. The market is expected to grow in the future due to an increase in FDI in hypermarkets and supermarkets such as City Edge’s $133mn North Square Mall in New Alamein City opened in 2022 which also includes a five-star hotel with 22 keys scheduled in 2022 and 46 keys by end-2023 which would boost the Egypt refrigerator market. Additionally, major hotel chains are expanding their presence in the country for instance the Oaks Egypt New Capital Apartments & Suites, which are now being built around 25 miles east of Cairo, to be launched by 2025. Moreover, Hilton Worldwide plans to add 9 additional hotels with 1,700 rooms in Egypt by 2026. These factors would translate into an increase in the demand for refrigerators in the Egypt region in the coming years.

Rising prices of steel by up to 17 per cent in 2022 coupled with the nation’s dependence on imports would act as a key off-putting factor for the commercial stainless steel refrigerator market across Egypt

Market Segmentation by Capacity

700.1-1000 litre refrigerators occupied the majority of revenues in Egypt commercial stainless steel refrigerators industry on the back of the higher demand for these refrigerators in supermarkets/hypermarkets.

Market Segmentation by Types

Upright Refrigerators are expected to grow the most in the Egypt commercial stainless steel refrigerator market during the forecast period, owing to convenient configuration, as it enables easy access to food inventory. Moreover, these refrigerators are easier to clean and maintain which would further create demand for upright refrigerators in hotels and restaurants in the coming years.

Market Segmentation by Applications

On the back of significant investments of around $8 million by Carrefour Egypt to build 10 new stores in 2022. Further, with an investment of $1 billion by Lulu Group to establish 30 hypermarkets and 100 express minimarket stores by 2024, the supermarkets/hypermarkets would garner the maximum revenue in Egypt's commercial stainless steel refrigerator market.

Key Attractiveness of the Report

• 10 Years of Market Numbers.
• Historical Data Starting from 2019 to 2022.
• Base Year: 2022
• Forecast Data until 2029.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report:

• Egypt Commercial Stainless Steel Refrigerator Market Overview
• Egypt Commercial Stainless Steel Refrigerator Market Outlook
• Egypt Commercial Stainless Steel Refrigerator Market Forecast
• Historical Data and Forecast of Egypt Commercial Stainless Steel Refrigerator Market Revenues for the Period 2019-2029F
• Historical Data and Forecast of Egypt Commercial Stainless Steel Refrigerator Market Revenues, By Capacity, for the Period 2019-2029F
• Historical Data and Forecast of Egypt Commercial Stainless Steel Refrigerator Market Revenues, By Types, for the Period 2019-2029F
• Historical Data and Forecast of Egypt Commercial Stainless Steel Refrigerator Market Revenues, By Applications, for the Period 2019-2029F
• Industry Drivers and Restraints
• Industry Life Cycle
• Porter’s Five Force Analysis
• Impact Analysis of COVID-19
• Industry Trends
• Market Penetration Analysis
• Consumer Behavioural and Preference Analysis
• Key Performance Indicators
• Competitive Benchmarking
• Company Profiles
• Key Strategic Recommendations

Market Scope and Segmentation

The report provides a detailed analysis of the following market segments:

By Capacity

• Upto 400 Litre
• 400.1 – 700 Litre
• 700.1 – 1,000 Litre
• Above 1,000 Litre

By Types

• Upright
• Under Counter

By Applications

• Hospitals
• Supermarkets/Hypermarkets
• Hotels & Restaurants
• Others (Pharmaceutical store, Convenience store, E-Commerce)