Market Overview

Commercial Refrigeration Equipment Demand in Brazil to Grow 6.5% Annually Through 2022

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Commercial Refrigeration Equipment Demand in Brazil to Grow 6.5% Annually Through 2022

PR Newswire

CLEVELAND, Sept. 4, 2018 /PRNewswire/ -- Commercial refrigeration equipment demand in Brazil is projected to grow 6.5% per year to $610 million in 2022. As the country recovers from an economic downturn, businesses will be more willing to make upgrades to their commercial refrigeration equipment. This and other trends are presented in Global Commercial Refrigeration Equipment, 10th Edition, a new study from The Freedonia Group, a Cleveland-based industry research firm.

Freedonia Group logo (PRNewsFoto/The Freedonia Group)

More information about this study is here: https://www.freedoniagroup.com/industry-study/global-commercial-refrigeration-equipment-3658.htm.

Display cases will continue to make up the largest share of equipment demand, accounting for 30% of the market in 2022. These products are used most often in the food retail market, which is supported by Brazil's significant population. The food retail market benefits from Brazil's lower disposable income levels that restrict the frequency with which consumers dine out at restaurants.

Refrigerated vending machines will see the fastest growth through 2022 at 8.1% per year. An increase in commercial construction activity will support demand, as newly-built hospitals, hotels, office buildings, and schools will install these machines.

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About The Freedonia Group, a division of MarketResearch.com – The Freedonia Group is a leading international industrial research company publishing more than 100 studies annually. Since 1985, we have provided research to customers ranging in size from global conglomerates to one-person consulting firms. More than 90% of the industrial companies in the Fortune 500 use Freedonia Group research to help with their strategic planning. Additional Machinery & Equipment studies can be purchased at www.freedoniagroup.com, www.marketresearch.com and www.profound.com.

Press Contact:
Corinne Gangloff
+1 440.684.9600
cgangloff@freedoniagroup.com

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SOURCE The Freedonia Group

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