Egypt Commercial Stainless-Steel Refrigerator Market revenue size is projected to grow at a CAGR of 8.5% from 2023E-2029F

Based on application, the Supermarkets/Hypermarkets segment attained the largest revenue share in Egypt Commercial Stainless Steel Refrigerator Market – 6Wresearch

Supermarket witnessed the highest revenue share in the commercial Stainless-Steel Market and is expected to have a similar share in future owing to the high urbanization rate and growing investment in the segment.

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 amalgamation of western lifestyle with Egyptian culture resulted in the adaptation of frozen food by the population and it could be accredited to 15-20% anticipated growth in the food retail sector in Egypt in the next five years. The developments have resulted in catalyzing the demand for the frozen food segment and would further create opportunities for commercial stainless-steel refrigerators over the coming years.

Increasing investment in the healthcare sector with US $8 to $13 Billion by 2030 in Egypt, along with the upcoming significant number of projects is an indicator of rapid expansion of the healthcare sector. The development is expected to catalyze the demand for refrigerators for preservation of medications, and other medical items as it is vital in the health industry.

According to Dhaval, Research Manager, 6Wresearch, by capacity, the 700.1 – 1,000 Litre capacity type market generated the majority of revenues in Egypt commercial stainless steel refrigerator market on account of higher usage of refrigerators in commercial kitchens, hotels and hypermarket & supermarkets. Moreover, the construction of ‘8 new cities’ in the region such as New Administrative Capital, Galala City, Mostakbal City, New Alamein City, New Ismailia City, New Aswan City, New Damietta City, New Mansoura City in the country would augment the growth of the market in the years to come.

The Egypt Commercial Stainless-Steel Refrigerator Market (2023-2029) report provides an in-depth analysis with 32 figures and 8 tables, covering 78 pages. The report comprehensively covers the market by capacity, types, and application. The report provides a detailed as well as unbiased analysis of the ongoing drivers, opportunities/high growth areas, and trends of the sector which are projected to support the stakeholders to align as well as devise their market strategies as per the latest and future market dynamics.