| Product Code: ETC303204 | Publication Date: Aug 2022 | Product Type: Market Research Report | ||
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The India refrigerated counters market import shipments demonstrated a robust growth trend with a notable CAGR from 2020 to 2024. However, there was a slight dip in the growth rate between 2023 and 2024, indicating a potential stabilization or slowdown in the market expansion towards the end of the period.
India refrigerated counters market is projected to grow at a CAGR of around 8.1% during 2025-2031. The market has witnessed an upsurge in demand due to rising population, increasing disposable incomes and technological advancements, which enable better storage for food products like red meat, poultry products and seafood. Refrigeration stores are also gaining traction in the retail sector as it helps store frozen goods such as ice creams, frozen vegetables and fruits apart from dairy items for longer periods without affecting their quality or deteriorating them quickly. Thus, this is driving the growth of refrigerated counter industry in India.
Increase in modern trade formats such as supermarkets and hypermarkets owing to changing lifestyle trends have led to higher sales of perishable food items thereby boosting the demand for refrigerated counters across India. Rising income levels leading consumers towards healthy eating habits has further augmented demand for these cooling systems within commercial spaces. Technological advancements along with introduction of new product types that provide efficient energy usage are some major factors influencing growth of this sector positively.
High cost associated with installation & maintenance coupled with strict government regulations on energy consumption are few challenges faced by India refrigerator market players. In addition?availability of cheaper unorganized alternatives may hinder the scope of organized players operating in this domain thus posing a challenge aheaD.
The COVID-19 pandemic has had both positive and negative impacts on the India refrigeration market. With people avoiding outdoor shopping activities due to safety concerns brought about by social distancing norms & restrictions imposed by governments worldwide; orders placed online have increased manifold creating huge demands for timely delivery services requiring well equipped cold storage facilities; thus bolstering sales prospects for various segments within this industry including refrigerators & coolers. On other hand however supply chain disruption caused by international lockdown rules & travel restrictions has hampered production processes resulting into shortage or delayed deliveries impeding normal functioning among key suppliers/manufacturers dealing within this segment.
Major companies operating in India?s Refrigerator Market include Whirlpool Corp., Godrej Appliances Ltd., Samsung Electronics Co., LG Corporation , Haier Appliances (India) Pvt Ltd., Hitachi Home & Life Solutions (I) Pvt Ltd., Panasonic Appliances India Pvt ltd etc.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Refrigerated Counters Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Refrigerated Counters Market Revenues & Volume, 2021 & 2031F |
3.3 India Refrigerated Counters Market - Industry Life Cycle |
3.4 India Refrigerated Counters Market - Porter's Five Forces |
3.5 India Refrigerated Counters Market Revenues & Volume Share, By Product Types, 2021 & 2031F |
3.6 India Refrigerated Counters Market Revenues & Volume Share, By Applications, 2021 & 2031F |
4 India Refrigerated Counters Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing demand for frozen and chilled food products in India |
4.2.2 Increasing adoption of refrigerated counters in supermarkets, convenience stores, and restaurants |
4.2.3 Rising disposable incomes and changing consumer lifestyles driving the need for refrigerated storage solutions |
4.3 Market Restraints |
4.3.1 High initial investment costs associated with purchasing and installing refrigerated counters |
4.3.2 Lack of proper infrastructure and electricity supply in certain regions impacting the adoption of refrigerated counters |
4.3.3 Limited awareness and knowledge about the benefits of using refrigerated counters among small retailers and businesses |
5 India Refrigerated Counters Market Trends |
6 India Refrigerated Counters Market, By Types |
6.1 India Refrigerated Counters Market, By Product Types |
6.1.1 Overview and Analysis |
6.1.2 India Refrigerated Counters Market Revenues & Volume, By Product Types, 2021-2031F |
6.1.3 India Refrigerated Counters Market Revenues & Volume, By Refrigerator Counter, 2021-2031F |
6.1.4 India Refrigerated Counters Market Revenues & Volume, By Freezer Counter, 2021-2031F |
6.2 India Refrigerated Counters Market, By Applications |
6.2.1 Overview and Analysis |
6.2.2 India Refrigerated Counters Market Revenues & Volume, By Household, 2021-2031F |
6.2.3 India Refrigerated Counters Market Revenues & Volume, By Commercial, 2021-2031F |
6.2.4 India Refrigerated Counters Market Revenues & Volume, By Industrial, 2021-2031F |
7 India Refrigerated Counters Market Import-Export Trade Statistics |
7.1 India Refrigerated Counters Market Export to Major Countries |
7.2 India Refrigerated Counters Market Imports from Major Countries |
8 India Refrigerated Counters Market Key Performance Indicators |
8.1 Energy efficiency ratings of refrigerated counters |
8.2 Adoption rate of refrigerated counters in emerging markets within India |
8.3 Maintenance and downtime statistics of refrigerated counters |
8.4 Customer satisfaction scores related to product quality and freshness maintained by refrigerated counters |
8.5 Market penetration of refrigerated counters in different food retail segments (supermarkets, convenience stores, restaurants) |
9 India Refrigerated Counters Market - Opportunity Assessment |
9.1 India Refrigerated Counters Market Opportunity Assessment, By Product Types, 2021 & 2031F |
9.2 India Refrigerated Counters Market Opportunity Assessment, By Applications, 2021 & 2031F |
10 India Refrigerated Counters Market - Competitive Landscape |
10.1 India Refrigerated Counters Market Revenue Share, By Companies, 2024 |
10.2 India Refrigerated Counters Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
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