In 2023, France led the European production of refrigerating furniture with a significant share of 35.3%, followed by Germany at 25.88% and Italy at 13.87%. The UK (6.23%) and Spain (9.47%) demonstrated modest market shares. Notably, Spain experienced a robust growth of 9.3% year-on-year, whereas Italy faced a decline of 7.03%. Smaller markets like Portugal and Croatia showed promising growth at 5.18% and 4.6%, respectively. In contrast, Hungary and Greece saw significant contraction, declining by 21.43% and 13.95%.
Looking to the future, the European market for refrigerating furniture will likely witness increasing competition, driven by technological innovation and sustainability trends. The growth of energy-efficient solutions and eco-friendly refrigerants could play a pivotal role in shaping market dynamics. Countries showing consistent growth, like France and Spain, might continue to expand their shares, while markets like Italy may need to innovate to regain ground. Furthermore, economic and regulatory shifts, especially post-Brexit in the UK, could influence production and trade dynamics across Europe.
Top countries in Sold Production of Refrigerating Furniture with a Refrigerating Unit or Evaporator Share by Country (Euros)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 35.3 | 2023 | +5.52% | +1.2% | View data |
| 2 | 2 Germany | 25.88 | 2023 | +8.94% | +0.17% | View data |
| 3 | 3 Italy | 13.87 | 2023 | -13.96% | -7.03% | View data |
| 4 | 4 Spain | 9.47 | 2023 | +4.83% | +9.3% | View data |
| 5 | 5 Finland | 7.39 | 2023 | +6.08% | +2.2% | View data |
| 6 | 6 United Kingdom | 6.23 | 2023 | +1.53% | +0.76% | View data |
| 7 | 7 Denmark | 4.27 | 2023 | +8.06% | +2.75% | View data |
| 8 | 8 Poland | 3.52 | 2023 | -0.9% | -1.71% | View data |
| 9 | 9 Sweden | 2.16 | 2023 | +5.37% | +2.03% | View data |
| 10 | 10 Netherlands | 0.64 | 2021 | -35.87% | View data |
