Market Forecast By Types (Refrigerator & Freezer, Transportation Refrigeration, Refrigerated Display Case, Beverage Refrigeration, Ice Cream Merchandiser, Refrigerated Vending Machine), By End-Users (Hotels & Restaurants, Supermarkets & Hypermarkets, Convenience Stores, Bakery) and competitive landscape
Product Code: ETC002589 | Publication Date: May 2020 | Updated Date: Dec 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
Kenya Commercial Refrigeration Equipment market currently, in 2023, has witnessed an HHI of 1810, Which has increased slightly as compared to the HHI of 1471 in 2017. The market is moving towards moderately competitive. Herfindahl index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means fewer numbers of players or countries exporting in the market.
Report Name | Kenya Commercial Refrigeration Equipment Market |
Forecast period | 2025-2031 |
CAGR | 6.6% |
Growing Sector | Food & Beverage |
The Kenya Commercial Refrigeration Equipment Market Report thoroughly covers the market by Types and End-Users. The Kenya Commercial Refrigeration Equipment Market Outlook report provides an unbiased and detailed analysis of the ongoing Kenya Commercial Refrigeration Equipment Market trends, opportunities/high growth areas, and market drivers. This would help stakeholders devise and align their market strategies according to the current and future market dynamics.
Kenya Commercial Refrigeration Equipment Market is expanding at an astonishing rate owing to the rising food & beverage industry. In addition, rise in retail sector also boosts the market growth. Leading players are concentrating on innovation and strategic alliances in order to secure competitive advantage. Moreover, technological developments in the refrigeration systems are further driving market growth. Overall, the Kenya Commercial Refrigeration Equipment Market offers significant growth and development opportunities.
According to 6Wresearch, the Kenya Commercial Refrigeration Equipment Market is anticipated to grow at a CAGR of 6.6% during 2025-2031. One of the key drivers of the Kenya Commercial Refrigeration Equipment Market is the rise in food & beverage industry across the region which requires proper refrigeration facilities to maintain product quality and safety, thereby driving demand. In addition, growth in retail sector such as supermarkets and hypermarkets require refrigerated storage to keep the products fresh for longer duration. Furthermore, governmental initiatives which are primarily designed to make the nation’s cold chain infrastructure more robust quicken market expansion by compliant delivery of perishable items in desired conditions. Moreover, technological developments in refrigeration systems including energy efficient and eco-friendly qualities are driving companies to lower operational costs as well as comply with environmental mandates.
However, the Kenya Commercial Refrigeration Equipment Market faces many challenges that hinder its growth. The main issue is the unstable power supply and regular blackouts that affect refrigeration units’ operations, thus raising maintenance costs as well as spoil all perishables. In addition, inconsistent exchange rate and high tariffs make importing refrigeration units and parts very expensive, which puts businesses in the tough spot to keep or upgrade their systems. Furthermore, there is also a critical shortage of technicians who can competently repair and maintain today's refrigeration systems, further worsening downtime and delays. Moreover, environmental regulations concerning refrigerants and their emissions have pushed businesses to buy new green technology that is not the cheapest of options for a lot of enterprises.
Some of the major players operating in Kenya Commercial Refrigeration Equipment Market are Frigoglass, True Manufacturing Co. Inc., Haier Group Corporation, Hussmann Corporation and Carrier Corporation. These companies have a major presence in the Kenyan market and offer a wide range of products including refrigerators, freezers and display cases to cater to the different needs of the Kenyan customers.
The Kenyan government has significantly influenced the growth of the Commercial Refrigeration Equipment Market through strategic initiatives. One such initiative is the Energy Efficiency and Conservation Policy, which incentivizes firms to embrace energy-efficient refrigeration systems with tax relief and subsidies. In addition, the government is modernizing infrastructure critical for cold chain logistics, pivotal to farming and pharmaceuticals, by investing in state-of-the-art transportation and storage facilities. Furthermore, the Kenya Bureau of Standards has implemented rigorous benchmarks for refrigeration appliances, necessitating safety and efficiency while nurturing novelty in the industry.
The Kenya Commercial Refrigeration Equipment Market is projected to expand substantially in the coming years. This growth is driven by the increasing food & beverage industry. In addition, increase in retail sector fuels the market growth. Key market players focus on innovation and forming strategic alliances to gain competitive advantage. Moreover, advancement in the refrigeration systems is boosting market growth. Overall, the future of the Kenya Commercial Refrigeration Equipment Market looks promising, with many opportunities for growth and development.
According to Ravi Bhandari, Research Head, 6Wresearch, the refrigerator and freezer segment is the dominant segment in the industry and will continue to grow in the coming years. This growth is due to the immense requirement of refrigeration equipment in commercial as well as household end use, along with technology developments offering energy-efficient and eco-friendly alternatives.
Based on End-Users, the supermarkets and hypermarkets segment is the leading segment in the industry and will continue to grow in the coming years. This expansion is due to the rising modern retail formats and organized retails in Kenya which are fuelling the demand for commercial refrigeration equipment.
The report offers a comprehensive study of the subsequent market segments:
1. Executive Summary |
2. Introduction |
2.1. Report Description |
2.2. Key Highlights of The Report |
2.3. Market Scope & Segmentation |
2.4. Research Methodology |
2.5. Assumptions |
3. Kenya Commercial Refrigeration Equipment Market Overview |
3.1. Kenya Country Indicators |
3.2. Kenya Commercial Refrigeration Equipment Market Revenues, 2021-2031F |
3.3. Kenya Commercial Refrigeration Equipment Market Revenue Share, By Types, 2021 & 2031F |
3.4. Kenya Commercial Refrigeration Equipment Market Revenue Share, By End-Users, 2021 & 2031F |
3.5. Kenya Commercial Refrigeration Equipment Market - Industry Life Cycle |
3.6. Kenya Commercial Refrigeration Equipment Market - Porter’s Five Forces |
4. Kenya Commercial Refrigeration Equipment Market Dynamics |
4.1. Impact Analysis |
4.2. Market Drivers |
4.3. Market Restraints |
5. Kenya Commercial Refrigeration Equipment Market Trends |
6. Kenya Commercial Refrigeration Equipment Market Overview, By Types |
6.1. Kenya Refrigerator & Freezer Market Revenues, 2021-2031F |
6.2. Kenya Transportation Refrigeration Market Revenues, 2021-2031F |
6.3. Kenya Refrigerated Display Case Market Revenues, 2021-2031F |
6.4. Kenya Beverage Refrigeration Market Revenues, 2021-2031F |
6.5. Kenya Ice Cream Merchandiser Market Revenues, 2021-2031F |
6.6. Kenya Refrigerated Vending Machine Market Revenues, 2021-2031F |
7. Kenya Commercial Refrigeration Equipment Market Overview, By End-Users |
7.1. Kenya Commercial Refrigeration Equipment Market Revenues, By Hotels & Restaurants, 2021-2031F |
7.2. Kenya Commercial Refrigeration Equipment Market Revenues, By Supermarkets & Hypermarkets, 2021-2031F |
7.3. Kenya Commercial Refrigeration Equipment Market Revenues, By Convenience Stores, 2021-2031F |
7.4. Kenya Commercial Refrigeration Equipment Market Revenues, By Bakery, 2021-2031F |
8. Kenya Commercial Refrigeration Equipment Market - Key Performance Indicators |
9. Kenya Commercial Refrigeration Equipment Market - Opportunity Assessment |
9.1. Kenya Commercial Refrigeration Equipment Market Opportunity Assessment, By Types, 2031F |
9.2. Kenya Commercial Refrigeration Equipment Market Opportunity Assessment, By End-Users, 2031F |
10. Kenya Commercial Refrigeration Equipment Market Competitive Landscape |
10.1. Kenya Commercial Refrigeration Equipment Market Revenue Share, By Companies, 2024 |
10.2. Kenya Commercial Refrigeration Equipment Market Competitive Benchmarking, By Operating & Technical Parameters |
11. Company Profiles |
12. Key Recommendations |
13. Disclaimer |