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Refrigerated ice cream merchandise industry seem to be consolidated in nature due to presence of local and global players across the globe. In 2023, the market players such Carrier Corporation, Dover Corporation, Thermo King Corporation, Vestfrost Solutions, Liebherr Group, Lennox International Inc., Ali Group S.p.A., United Technologies Corporation collectively held around 10%-15% 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.
Major players operating in the refrigerated ice cream merchandise industry are:
Fluorocarbons segment in the refrigerated ice cream merchandise market held 66% share in 2023, influenced by regulatory frameworks aimed at reducing GHG emissions and phasing out ozone-depleting substances
The market size of refrigerated ice cream merchandise was crossed USD 12.6 billion in 2023 and is estimated to grow at 5.8% CAGR during 2024 to 2032, owing to the growing number of ice cream parlors.
North America refrigerated ice cream merchandise market was worth around USD 3.3 billion in 2023 and is expected to reach USD 5.5 billion by 2032, driven by hot weather and seasonal trends.
AHT Cooling Systems GmbH, Ali Group S.p.A., Beverage-Air Corporation, Blue Star Limited, Carrier Corporation, Dover Corporation, Frigoglass S.A.I.C., Hussmann Corporation, Lennox International Inc., and Liebherr Group among others.