U.S. Walk-in Coolers Market Size - By Product Type (Self-Contained, Remote Condensing, Multiplex Walk-ins), By Power Consumption, By Storage Capacity, By Curtain Type, By Application, By Distribution Channel, By Temperature Range & Forecast, 2024 - 2032

Published Date: July - 2024 | Publisher: MIR | No of Pages: 240 | Industry: Industrial-Machinery | Format: Report available in PDF / Excel Format

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U.S. Walk-in Coolers Market Size

U.S. Walk-In Coolers Market was valued at USD 600 million in 2023 and is estimated to grow at a CAGR of 4.9% during 2024 to 2032. The growth of supermarkets, convenience stores, restaurants, and other food service establishments drives the demand for walk-in coolers. These establishments require efficient refrigeration solutions to store perishable items such as dairy products, meat, fruits, and vegetables.

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The need for dependable food storage has skyrocketed as more food companies, distributors, and stores prioritize preserving food quality and adhering to safety standards. To meet this demand, the market for walk-in coolers has exploded. These coolers are crucial for maintaining the temperature in large storage spaces. Pharmaceutical companies and labs rely on walk-in coolers to keep vaccines, medicines, and biological samples at just the right temperature. They offer the stability and security that these delicate items demand. Florists and wholesalers also count on walk-in coolers to keep their flowers fresh and vibrant until they reach customers. These coolers help extend the shelf life of flowers, preserving their beauty until they're ready to bloom in someone's home.

U.S. Walk-in Coolers Market Report Attributes
Report Attribute Details
Base Year 2023
U.S. Walk-in Coolers Market Size in 2023 USD 600 Million
Forecast Period 2024 - 2032
Forecast Period 2024 - 2032 CAGR 4.9%
2032 Value Projection USD 1 Billion
Historical Data for 2021 - 2023
No. of Pages 487
Tables, Charts & Figures 428
Segments covered Product Type, Temperature Range, Power Consumption, Storage Capacity, Curtain Type, Application, Distribution Channel
Growth Drivers
  • Growing food and beverage industry
  • Growing pharmaceuticals industry
  • Growing floral industry
  • Increasing retail activities
Pitfalls & Challenges
  • High initial cost
  • Maintenance and repair costs

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Walk-in coolers represent a significant upfront investment for businesses, particularly smaller enterprises and startups. The cost includes not only the unit itself but also installation, maintenance, and energy consumption expenses. This initial cost can be a barrier to entry for some businesses, especially those operating on tight budgets. Walk-in coolers require regular maintenance to ensure optimal performance and longevity. The complexity of these systems, including compressors, condensers, and insulation, can lead to higher maintenance and repair costs over time. Businesses must budget for ongoing maintenance to prevent breakdowns and ensure food safety compliance.

U.S. Walk-in Coolers Market Trends

Hey there! You'll be amazed at the new wave of walk-in coolers. They're designed to save you money and hassle. First off, they've got these super-fancy insulation materials, energy-sipping compressors, and LED lights. It's like having a superhero team working together to keep your energy bills down. And check this outmodular coolers are the new trend. It's like Legos for cold storage! You can add on or change up your cooler as your business needs. No more messing around with downtime or getting in the way of your work. Oh, and don't forget about the food safety rules. Walk-in coolers gotta meet strict standards to keep your food safe and fresh. No worries though, they're all up to code, so you can rest easy knowing your precious perishables are in good hands.

U.S. Walk-in Coolers Market Analysis

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In 2023, sales of standalone walk-in coolers hit an impressive $400 million mark. And the good news is, experts predict that by 2032, that number will climb even higher to $600 million. So, what's behind the popularity of these coolers? It's all about convenience. They come as one complete unit, no need for extra parts or complicated setup. Businesses love that they can install them quickly and easily, saving time and hassle. And because they don't require a separate condensing unit, they're perfect for places where space is limited or hard to reach. But it's not just about convenience. Standalone walk-in coolers are also incredibly versatile. They come in all shapes and sizes, so you can find one that fits your specific needs, whether you're planning a small restaurant or a full-scale healthcare facility. They're great for storing everything from food and drinks to flowers and medical supplies.

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In the world of walk-in coolers, the 20 to 28 Fahrenheit range is a big deal. In 2023, it made up a whopping 41% of the entire U.S. market. Why? Because it's the perfect temperature for keeping your perishable food fresh and tasty. Grocery stores and supermarkets rely heavily on walk-in coolers in this range to store milk, cheese, meat, and all those delicious fruits and veggies. They need to keep these items at the right temperature to maintain their quality and keep customers happy. But it's not just food that needs a cool home. Walk-in coolers in this range are also essential for keeping your drinks icy cold. Whether it's beer, wine, or soda, these coolers make sure your beverages stay refreshing. Even florists and flower shops need walk-in coolers in this range to keep their blooms looking their best. It helps extend the life of flowers and plants, so you can enjoy their beauty for longer.

U.S. Walk-in Coolers Market Share

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Walk-in Coolers industry seem to be consolidated in nature due to presence of local and global players across the globe. In 2023, the market players such as American Panel Corporation, Amerikooler, Bally Refrigerated Boxes, Inc., Bush Refrigeration, Carrier Corporation, Commercial Refrigerator Door Company, Craig Industries Everidge collectively held around 5%-10% market share. These prominent players are proactively involved in strategic endeavors, such as mergers & acquisitions, facility expansions & collaborations, to expand their product portfolios, extend their reach to a broader customer base, and strengthen their market position.

U.S. Walk-in Coolers Market Companies

Major players operating in the walk-in coolers industry are

  • American Panel Corporation
  • Amerikooler
  • Bally Refrigerated Boxes, Inc.
  • Bush Refrigeration
  • Carrier Corporation
  • Commercial Refrigerator Door Company
  • Craig Industries
  • Everidge
  • Imperial Brown
  • Kolpak
  • Master-Bilt
  • Nor-Lake
  • Polar King International, Inc.
  • SRC Refrigeration
  • Thermo-Kool
  • US Cooler

U.S. Walk-in Coolers Industry News

  • In July 2023, Viessmann Refrigeration Solutions acquired a majority stake in BMIL Technologies, a refrigerated warehouses and cold storage company based in North Carolina. The acquisition accelerated Viessmann’s transition towards natural refrigerant solutions for clean and cold rooms in the North American market.
  • In May 2023, Imperial Brown, a leading manufacturer of custom walk-in coolers and freezers, began production at its fourth manufacturing plant, located in Tucson, Arizona. With 102,000 square feet under roof, the factory will reduce shipping costs and lead time for delivery of walk-in coolers and freezers for clients in the Southwestern U.S., including the states of Arizona, southern California, Nevada, New Mexico, and portions of Utah and Colorado.

This U.S. walk-in Coolers Market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue (USD Billion)(Thousand Units) from 2021 to 2032, for the following segments

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Market, By Product Type

 

  • Self-Contained
  • Remote Condensing
  • Multiplex Walk-ins

Market, By Temperature Range

  • 20F – 28F
  • 28F – 32F
  • 32F – 35F
  • 36F – 40F

Market, By Power Consumption

  • Up to 1 KWH
  • 2 to 3 KWH
  • 4 to 5 KWH
  • Above 5 KWH

Market, By Storage Capacity

  • Up to 2 tonnes
  • 3 to 5 tonnes
  • 6 to 10 tonnes
  • Above 10 tonnes

Market, By Curtain Type

  • Strip curtain
  • Air curtain

Market, By Application

  • Food and Beverage
  • Healthcare &  Medical Facilities
  • Pharmaceuticals
  • Floral
  • Retail
  • Others (Agriculture, Mortuary, etc.)

Market, By Distribution Channel

  • Direct Sales
  • Indirect Sales

 

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