Global Used Commercial Freezer Market Overview
The Used Commercial Freezer Market Size was estimated at 19.3 (USD Billion) in 2022. The Used Commercial Freezer Market Industry is expected to grow from 20.38(USD Billion) in 2023 to 33.2 (USD Billion) by 2032. The Used Commercial Freezer Market CAGR (growth rate) is expected to be around 5.58% during the forecast period (2024 - 2032).
Key Used Commercial Freezer Market Trends Highlighted
Key Market Drivers:Rising demand for cost-effective and sustainable refrigeration solutions is a primary driver for the used commercial freezer market. The increasing number of emerging economies and the growing hospitality industry are expanding the demand for reliable and affordable cold storage equipment. Furthermore, government regulations focusing on energy efficiency and environmental protection are encouraging businesses to opt for refurbished or used commercial freezers with lower energy consumption and carbon footprint
Opportunities to be Explored:The used commercial freezer market presents ample opportunities for established players and new entrants. The growing awareness of the circular economy and sustainability practices among businesses and consumers is creating a favorable landscape for the resale and reuse of commercial freezers. Innovative business models, such as rental or leasing options, can expand the market reach and cater to diverse customer needs.
Trends in Recent Times:The increasing adoption of online marketplaces and e-commerce platforms has made it easier for buyers and sellers to connect, boosting the used commercial freezer market. Additionally, advancements in technology have led to the development of smart and energy-efficient freezers, which are becoming more prevalent in the market. These freezers offer remote monitoring, temperature control, and improved food safety, making them attractive choices for businesses seeking cost savings and operational efficiency.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Used Commercial Freezer Market Drivers
Increasing Demand from Restaurants and Food Processing Industries
The major driver of the used commercial freezer market is growth of the Food and Beverage industry. Restaurants, cafes and other food service providers require a reliable and efficient freezer or refrigeration equipment to ensure food items stay fresh. Used commercial freezers are cost-effective for food service providers who want to meet refrigeration needs without having to spend a significant amount of money. Moreover, the consumers of today are consuming more and more frozen food items.This, in turn, is expected to fuel larger and more freezers and cold rooms, which will extend the growth of the used commercial freezer market. The Used Commercial Freezer Market Industry is expected to grow significantly for a few years and some of the major distributors are focusing mainly on restaurants and food processing industries.
Rising Popularity of Online Marketplaces
The development of online marketplaces has eased the process of exchanging used commercial freezers. Online platforms such as eBay, Craigslist, and Alibaba allow buyers to choose the product that most appropriately meets their expectations or budget. It can be assumed that the number of operations in the used commercial freezer market has increased since more users now have access to online marketplaces. Moreover, there are more used freezers presented on such platforms, and the buyers can compare the prices and characteristics of the available products.
Growing Environmental Concerns
Yet another factor increasing the used commercial freezer market share is raising awareness of environmental issues. It is better to purchase a used device than to add more waste by buying brand-new refrigeration equipment. Moreover, a used commercial freezer can be energy efficient, which will further help a business decrease its carbon footprint and save money on operations.
Used Commercial Freezer Market Segment Insights
Used Commercial Freezer Market Capacity Insights
The Used Commercial Freezer Market is segmented by capacity, which includes Below 10 cubic feet, 10-15 cubic feet, 15-20 cubic feet, 20-25 cubic feet, and 25 cubic feet and above. The 10-15 cubic feet capacity segment is expected to dominate the Used Commercial Freezer Market revenue. An increase in the demand for small and medium-sized freezers in restaurants, cafes, convenience stores and others is anticipated to further augment the segment growth. The emergence of online food delivery services also requires efficient refrigeration solutions thus, expected to indirectly propel the growth of the segment during the forecast period.The 20-25 cubic feet capacity segment is another major segment in the Used Commercial Freezer Market. The segment is expected to grow steadily in the next five years. The increase in demand for super or extra large freezers in supermarkets, hypermarkets, and others is anticipated as a key driving factor for the market. In addition, the conversion of food products such as meat, vegetables, and so on into frozen at a very low temperature will positively affect the market size. The 25 cubic feet and above capacity segment is expected to be the smallest segment and is anticipated to be one key area where market participants can invest for growth.Growing demand for large-sized freezers in industrial applications such as food processing plants, warehouses, and distribution centers are some of the factors responsible for the growth of the segment. In conclusion, the Used Commercial Freezer Market is expected to surge in the upcoming years. Increase in the demand for efficient refrigeration solutions and increasing online food delivery services are expected to drive the market in the next five years.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Used Commercial Freezer Market Energy Efficiency Insights
The leading factor of the Used Commercial Freezer Market is the Energy Efficiency segment. The overall demand for energy-efficient machines leads to the growth of this segment. Standard freezers consume more energy compared to energy-efficient and low-energy consumption types. Over the years, large and small enterprises have dispensed a significant amount of their income on electricity bills for running standard freezers. Therefore, clients are opting to hire or purchase energy-efficient freezers to lessen their expenditure. In 2023, the Energy Efficiency segment was valued at USD 14.3 billion in revenue.The segment will grow by a CAGR of 6.2% from 2024 to 2032, reaching a value of USD 23.6 billion by 2032. The growth of the segment is attributed to the increasing awareness and understanding concerning the benefits of energy conservation and sustainability. The COVID-19 pandemic has been a crucial factor in the Used Commercial Freezer Market. Undoubtedly, the outbreak of the virus drastically affected the income of businesses due to the imposition of movement restrictions and lockdowns. The industry witnessed a decline in growth since the virus shut down companies.They lost various clients since they were retrenched from their workplaces. The demand for frost freezers diminished since the number of foodstuffs in the storage was limited due to the low income of employees. The social interaction of people was minimized due to social distancing measures, and this altered the demand in the industry since large gatherings were less allowed. All this decreased demand in the industries contributed to the stagnation of the Used Commercial Freezer market.
Used Commercial Freezer Market Temperature Range Insights
The temperature range is a crucial factor in the selection of a used commercial freezer. The most common temperature ranges for commercial freezers are -10 to 0 degrees Fahrenheit. This range is suitable for storing non-frozen foods that require refrigeration, such as produce, dairy products, and beverages. -18 to -29 degrees Fahrenheit: This range is ideal for storing frozen foods, such as meat, poultry, and seafood. -30 to -40 degrees Fahrenheit: This range is designed for storing frozen foods that require a lower temperature, such as ice cream and frozen desserts.-40 to -58 degrees Fahrenheit: This range is suitable for storing frozen foods that require a very low temperature, such as ultra-low temperature freezers used for scientific research and medical applications. The Used Commercial Freezer Market revenue is expected to reach USD 23.1 billion in 2024, growing at a CAGR of 5.8% from 2023 to 2030. The increasing demand for frozen foods and the growing popularity of online grocery shopping are driving the growth of the used commercial freezer market. The market segmentation data shows that the temperature range segment is expected to witness significant growth in the coming years.The rising demand for frozen foods, particularly in developing countries, is driving the growth of this segment. Additionally, the increasing adoption of energy-efficient freezers is also expected to contribute to the growth of this segment.
Used Commercial Freezer Market Type Insights
The Used Commercial Freezer Market is segmented by Type into Chest Freezer, Upright Freezer, Display Freezer, and Reach-In Freezer. Among these, the Upright Freezer segment is expected to hold the largest market share in 2023 and is projected to continue its dominance throughout the forecast period. The growth of this segment can be attributed to the increasing demand for upright freezers in commercial establishments such as restaurants, supermarkets, and convenience stores. Upright freezers offer several advantages over other types of freezers, including their ability to store large quantities of food in a compact space, their ease of use, and their energy efficiency.The Chest Freezer segment is expected to witness a steady growth rate during the forecast period, owing to its affordability and durability. Chest freezers are commonly used in homes, garages, and other areas where space is limited. The Display Freezer segment is expected to grow at a moderate pace during the forecast period due to its increasing adoption in retail stores and supermarkets. Display freezers allow customers to view the products before making a purchase, which can help to increase sales. The Reach-In Freezer segment is expected to experience a modest growth rate during the forecast period due to its use in commercial kitchens and other food service establishments.Reach-in freezers provide easy access to frozen food items, which can help to improve efficiency in the kitchen. Overall, the Used Commercial Freezer Market is expected to exhibit a steady growth rate during the forecast period, driven by the increasing demand for energy-efficient and cost-effective freezing solutions in commercial establishments.
Used Commercial Freezer Market Regional Insights
North America dominated the Used Commercial Freezer Market revenue in 2023, accounting for over 38.5% of the market. The region's high adoption of advanced refrigeration technologies, stringent food safety regulations, and growing demand for energy-efficient solutions have contributed to its market dominance. APAC is projected to witness the fastest growth over the forecast period, with a CAGR of 6.2% from 2024 to 2032. Rapid urbanization, rising disposable incomes, and expanding food retail sectors are driving market expansion in this region.Europe held a significant share of the market in 2023, owing to the presence of major food processing and manufacturing industries. Stringent environmental regulations and government initiatives promoting sustainability are expected to fuel market growth in Europe. South America and MEA are expected to experience steady growth, driven by increasing demand for frozen food products and government investments in infrastructure development.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Used Commercial Freezer Market Key Players And Competitive Insights:
Major players in Used Commercial Freezer Market industry are constantly striving to gain a competitive edge by adopting various strategies such as product innovation, strategic partnerships, and mergers and acquisitions. Leading Used Commercial Freezer Market players are investing heavily in research and development to enhance their product offerings and cater to the evolving needs of customers. The Used Commercial Freezer Market landscape is characterized by a mix of established players and emerging entrants, each vying for a larger share of the market. The competitive dynamics of the Used Commercial Freezer Market are expected to intensify further as the market continues to expand and new technologies emerge.A leading player in the Used Commercial Freezer Market industry is Hubert. The company offers a wide range of used commercial freezers, including upright freezers, chest freezers, and reach-in freezers. Hubert's used freezers are sourced from reputable manufacturers and are thoroughly inspected and reconditioned to ensure they meet high standards of quality and performance. The company's commitment to customer satisfaction and its extensive distribution network have contributed to its strong position in the market. Hubert also provides value-added services such as installation, maintenance, and repair, which further enhance its competitive advantage.A key competitor in the Used Commercial Freezer Market is Tundra Restaurant Supply. The company specializes in the sale of used commercial kitchen equipment, including freezers, refrigerators, ovens, and dishwashers. Tundra Restaurant Supply's used freezers are sourced from a variety of sources, including restaurants, hotels, and schools. The company's commitment to quality and its ability to offer competitive prices have made it a popular choice among customers. Tundra Restaurant Supply also provides a range of value-added services, including delivery, installation, and warranty coverage, which further enhance its competitive position.
Key Companies in the Used Commercial Freezer Market Include:
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C Refrigeration
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True
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Traulsen
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SubZero
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BeverageAir
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IceOMatic
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Hobart
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AFG
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Scotsman
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Taylor
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Delfield
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CRESCOR
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Arctic Air
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R. W. Beckett
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Kolpak
Used Commercial Freezer Market Industry Developments
The Used Commercial Freezer Market is projected to grow from USD 20.38 billion in 2023 to USD 33.2 billion by 2032, at a CAGR of 5.58% during the forecast period. Rising demand for frozen food products, increasing urbanization, and growing disposable income are key factors driving market growth. Technological advancements, such as the development of energy-efficient freezers and smart monitoring systems, are also contributing to market expansion. Additionally, the expansion of the food and beverage industry and the growing popularity of online grocery shopping are creating new opportunities for the used commercial freezer market. Strategic partnerships and, mergers and acquisitions are expected to shape the competitive landscape in the coming years.
Used Commercial Freezer Market Segmentation Insights
Used Commercial Freezer Market Capacity Outlook
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Below 10 cubic feet
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10-15 cubic feet
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15-20 cubic feet
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20-25 cubic feet
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25 cubic feet and above
Used Commercial Freezer Market Energy Efficiency Outlook
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Standard
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Energy-efficient
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Low energy consumption
Used Commercial Freezer Market Temperature Range Outlook
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-10 to 0 degrees Fahrenheit
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-18 to -29 degrees Fahrenheit
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-30 to -40 degrees Fahrenheit
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-40 to -58 degrees Fahrenheit
Used Commercial Freezer Market Type Outlook
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Chest Freezer
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Upright Freezer
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Display Freezer
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Reach-In Freezer
Used Commercial Freezer Market Regional Outlook
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North America
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Europe
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South America
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Asia Pacific
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Middle East and Africa
| Report Attribute/Metric |
Details |
| Market Size 2022 |
19.3(USD Billion) |
| Market Size 2023 |
20.38(USD Billion) |
| Market Size 2032 |
33.2(USD Billion) |
| Compound Annual Growth Rate (CAGR) |
5.58% (2024 - 2032) |
| Report Coverage |
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Base Year |
2023 |
| Market Forecast Period |
2024 - 2032 |
| Historical Data |
2019 - 2023 |
| Market Forecast Units |
USD Billion |
| Key Companies Profiled |
C Refrigeration, True, Traulsen, SubZero, Beverage-Air, IceOMatic, Hobart, AFG, Scotsman, Taylor, Delfield, CRESCOR, Arctic Air, R. W. Beckett, Kolpak |
| Segments Covered |
Capacity, Energy Efficiency, Temperature Range, Type, Regional |
| Key Market Opportunities |
Growing Demand in Emerging Markets Rapid urbanization and population growth drive demand for reliable and cost-effective cooling solutionsSustainability Initiatives Consumers increasingly prefer used equipment to reduce environmental impact and waste.Online Marketplaces E-commerce platforms facilitate convenient and transparent buying and selling of used commercial freezers.Vertical Expansion Opportunities for used commercial freezers in new industries such as healthcare and biotechnologyEquipment Leasing The Adoption of equipment leasing models allows businesses to acquire used freezers at lower upfront costs and flexible payment options. |
| Key Market Dynamics |
Increase in demand for cost-effective refrigeration solutions.Growing awareness of sustainability and environmental concernsExpansion of the food and beverage industryRise in urbanization and population growth.Development of online marketplaces for used equipment |
| Countries Covered |
North America, Europe, APAC, South America, MEA |
Frequently Asked Questions (FAQ) :
The used commercial freezer market size is expected to reach USD 20.38 billion in 2023 and is projected to grow at a CAGR of 5.58% from 2024 to 2032, reaching USD 33.2 billion by 2032.
The growth of the used commercial freezer market is primarily driven by the increasing demand for energy-efficient and cost-effective refrigeration solutions, rising disposable income in emerging economies, and the growing popularity of online marketplaces for used equipment
Used commercial freezers are widely used in various applications such as food and beverage processing, retail, healthcare, and hospitality. They are used to store and preserve perishable goods, ensuring their freshness and quality
The Asia-Pacific region is expected to account for a significant share of the used commercial freezer market due to the increasing demand for refrigeration solutions in emerging countries such as China, India, and Southeast Asia
Some of the key competitors in the used commercial freezer market include Hubbard Systems Inc., Regency Refrigeration, Dean DeLuca, and True Manufacturing Company.
The used commercial freezer market faces challenges such as the availability of new and energy-efficient models, stringent regulations regarding the disposal of refrigerants, and the need for proper maintenance and servicing
Opportunities for growth in the used commercial freezer market include the increasing adoption of online marketplaces, the growing demand for sustainable refrigeration solutions, and the expansion of the cold chain infrastructure in emerging economies.
The latest trends in the used commercial freezer market include the adoption of smart technologies, the integration of IoT devices, and the use of advanced refrigerants with lower environmental impact
When purchasing a used commercial freezer, key factors include the size and capacity, energy efficiency, condition and age of the equipment, and availability of warranty and maintenance support
The used commercial freezer market is expected to grow at a CAGR of 5.58% from 2023 to 2032, reaching USD 33.2 billion by 2032.
