Mexico Commercial Refrigeration Market

Mexico Commercial Refrigeration Market Overview:

The Mexico commercial refrigeration market size reached USD 366.0 Million in 2024. Looking forward, IMARC Group expects the market to reach USD 526.3 Million by 2033, exhibiting a growth rate (CAGR) of 3.70% during 2025-2033. ​The market is driven by the expanding food retail chains, advancements in refrigeration technologies, increasing demand for cold chain logistics, and growing need of healthcare sector for temperature-controlled storage solutions.

Mexico Commercial Refrigeration Market Trends:

Expansion of Food Retail and Cold Chain Logistics

The market is significantly propelled by the rapid growth of food retail chains, supermarkets, and convenience stores. As consumer preferences shift toward fresh and frozen foods, there's an escalating demand for efficient cold storage solutions, driving the Mexico commercial refrigeration market growth. Additionally, the expansion of cold chain logistics, essential for transporting perishable goods, necessitates advanced refrigeration systems to maintain product integrity. This trend is further amplified by Mexico's strategic position as a trade hub, facilitating the movement of goods across North and South America, thereby reinforcing the need for robust refrigeration infrastructure. ​For instance, in December 2024, Canadian Pacific Kansas City (CPKC), a leader in intermodal freight transportation, and Americold Realty Trust, a global frontrunner in temperature-controlled logistics, are preparing to investigate co-development prospects in Mexico, to enhance the flow of temperature-sensitive commodities throughout the United States, Mexico, and Canada.

Sustainability Initiatives and Regulatory Compliance

Environmental sustainability and adherence to regulatory standards are pivotal in fueling Mexico commercial refrigeration market share. Government policies promoting energy efficiency and the reduction of greenhouse gas emissions are encouraging businesses to adopt greener refrigeration technologies. Incentives for using low-global-warming-potential refrigerants and implementing energy-saving practices are influencing purchasing decisions. Companies are increasingly investing in equipment that complies with international environmental protocols, reflecting a broader commitment to sustainability and responsible resource management within the industry.

Advancements in Refrigeration Technologies

Technological innovations are reshaping Mexico's commercial refrigeration landscape. The introduction of energy-efficient systems, smart refrigeration units, and eco-friendly refrigerants addresses both environmental concerns and operational cost efficiencies. Manufacturers are focusing on developing equipment that not only reduces energy consumption but also integrates advanced monitoring and control systems, creating a positive impact on the Mexico commercial refrigeration market outlook. These advancements cater to the growing demand for sustainable and intelligent refrigeration solutions, aligning with global trends and regulatory standards aimed at reducing carbon footprints and enhancing energy conservation. ​

Mexico Commercial Refrigeration Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the regional level for 2025-2033. Our report has categorized the market based on product type and end user.

Product Type Insights:

• Chest Refrigeration
• Deep Freezers
• Bottle Coolers
• Storage Water Coolers
• Commercial Kitchen Refrigeration
• Medical Refrigeration
• Others

The report has provided a detailed breakup and analysis of the market based on the product type. This includes chest refrigeration, deep freezers, bottle coolers, storage water coolers, commercial kitchen refrigeration, medical refrigeration, and others.

End User Insights:

• Full Service Restaurant, Quick Service Restaurant and Hotels
• Food Processing Industry
• Hospitals
• Retail Pharmacies
• Supermarket/Hypermarket
• Convenience Stores
• Others

A detailed breakup and analysis of the market based on the end user have also been provided in the report. This includes full service restaurant, quick service restaurant and hotels, food processing industry, hospitals, retail pharmacies, supermarket/hypermarket, convenience stores, and others.

Regional Insights:

• Northern Mexico
• Central Mexico
• Southern Mexico
• Others

The report has also provided a comprehensive analysis of all the major regional markets, which include Northern Mexico, Central Mexico, Southern Mexico, and others.

Competitive Landscape:

The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.

Mexico Commercial Refrigeration Market News:

• In March 2024, the Mexico City-based company FB Group revealed its plan to invest $20 million in constructing a new plant for industrial refrigeration equipment and systems in the southern Mexican state of Yucatán. This will be its second facility in the area, making it a leader in Latin America.
• In February 2024, the company Frigus Bohn launched its new factory for refrigeration solutions, situated in the city of Mérida, the capital of Yucatán.

Mexico Commercial Refrigeration Market Report Coverage:

Key Questions Answered in This Report:

• How has the Mexico commercial refrigeration market performed so far and how will it perform in the coming years?
• What is the breakup of the Mexico commercial refrigeration market on the basis of product type?
• What is the breakup of the Mexico commercial refrigeration market on the basis of end user?
• What is the breakup of the Mexico commercial refrigeration market on the basis of region?
• What are the various stages in the value chain of the Mexico commercial refrigeration market? 
• What are the key driving factors and challenges in the Mexico commercial refrigeration market?
• What is the structure of the Mexico commercial refrigeration market and who are the key players?
• What is the degree of competition in the Mexico commercial refrigeration market? 

Key Benefits for Stakeholders:

• IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the Mexico commercial refrigeration market from 2019-2033.
• The research report provides the latest information on the market drivers, challenges, and opportunities in the Mexico commercial refrigeration market.
• Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the Mexico commercial refrigeration industry and its attractiveness.
• Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.