Commercial Refrigeration Equipment

US industry forecasts for 2012 & 2017

Publication Date	July 2008
Publisher	Freedonia Group
Product Type	Report
Pages	205
ISBN Number	not applicable
Product Code	FED00014

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£2,410.00
approximately: $4,503 | €3,057

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Summary

Demand to rise more than 4% annually through 2012

Demand for commercial refrigeration equipment in the US is forecast to grow more than four percent per year through 2012, exceeding $9 billion. Gains will result from the growing number of foodservice operators and food retailers.However, these firms face narrow margins due to high food prices and intense competition for the consumer dollar, thereby limiting replacement opportunities at existing locations.

Foodservice is expected to be the most rapidly growing market through 2012. About 48 percent of all consumer food expenditures in 2007 occurred outside the home at foodservice outlets such as restaurants, bars and cafeterias. Growth in the number of foodservice operators will continue to increase, benefitting commercial refrigeration equipment demand. The food and beverage retail market will post gains, due to the rising number of food retailers in the US. In addition, consumers' growing appetite for a widening range of refrigerated foods will increase the amount of equipment per store.

Cryogenic equipment, display cases to exhibit best growth

Commercial refrigeration products expected to experience the best growth are cryogenic equipment and display cases. Cryogenic equipment will benefit from the rising level of expenditures on health care in the US, as well as from increasing medical and scientific research. Display cases will benefit from the need of retailers to maintain new, aesthetically pleasing displays to encourage impulse purchasing. In addition, the number of display cases per store is expected to rise.Transportation refrigeration equipment is the largest product segment, due to the high unit cost of this equipment and to the rising level of refrigerated food shipped in the US. Gains in this segment will be adversely affected by high fuel prices, which will continue to affect profit margins for fleet operators.

Industry structure

Manufacturers of commercial refrigeration equipment for the US market range from small privately held concerns to multinational corporations with billions of dollars in annual sales. Many commercial refrigeration equipment manufacturers are also involved in the broader heating, air conditioning or residential refrigeration industries.

Study coverage

Commercial Refrigeration Equipment, a new Freedonia industry study, is now available for $ 4500. It offers historical demand data for 1997, 2002 and 2007, as well as forecasts for 2012 and 2017 by product and market. In addition, this study also assesses market environment factors, evaluates company market share and profiles 38 US industry participants such as Enodis, Ingersoll-Rand, Manitowoc and United Technologies.

Content

Introduction
Executive Summary
Market Environment
General
- Macroeconomic Environment
- Personal Income & Expenditure Trends
- Nonresidential Building Construction
  - Office & Commercial Construction
  - Institutional Construction
  - Industrial Construction
- Retail Sales Trends
- Food & Beverage Outlook
  - Food
  - Beverage
- Pricing
- Historical Trends
- Regulatory & Environmental Issues
- Technology
- World Commercial Refrigeration Outlook
- US Foreign Trade
  - Exports
  - Imports
Markets
- General
- Food & Beverage Distribution
  - Food & Beverage Distribution Industry Overview
  - Commercial Refrigeration Demand
- Food & Beverage Retail
  - Food & Beverage Retail Overview
  - Commercial Refrigeration Demand
- Foodservice
  - Foodservice Industry Overview
  - Commercial Refrigeration Demand
- Food & Beverage Production
  - Food & Beverage Production Overview
  - Commercial Refrigeration Demand
- Other
Products
- General
- Transportation Refrigeration Systems
  - Trailer Refrigeration
  - Shipping Container Systems
  - Truck Refrigeration Systems
- Beverage Refrigeration Equipment
  - Beverage Cooling & Dispensing Equipment
  - Soda Fountain Equipment
  - Mechanical Drinking Water Coolers
  - Beer Dispensing Equipment
- Reach-In Refrigerators & Freezers
- Display Cases
  - Normal Temperature Display Cases
  - Low Temperature Display Cases
- Walk-In Refrigerators & Freezers
- Refrigerated Vending Machines
- Ice Machines
Cryogenic Equipment
- Liquid Chillers
  - Centrifugal Liquid Chillers
  - Reciprocating Liquid Chillers
  - Absorption Liquid Chillers
- Refrigeration Equipment Parts
- Other Commercial Refrigeration Equipment
- Industry structure
- General
- Market Share
- Product Development & Manufacturing
- Financial Issues
- Marketing & Distribution
- Mergers & Acquisitions
- Joint Ventures & Cooperative Agreements
- Company Profiles

List of Tables

Executive Summary
- 1 Summary Table
Market Environment
- 1 Macroeconomic Indicators
- 2 Personal Income & Expenditures
- 3 Nonresidential Building Construction
Expenditures
- 4 Retail Sales
- 5 Food & Beverage Shipments
- 6 Commercial Refrigeration Equipment
Market Trends, 1997-2007
- 7 US Foreign Trade in Commercial
- Refrigeration Equipment
Markets
- 1 Commercial Refrigeration
Equipment Markets
- 2 Food & Beverage Distribution Market for Commercial Refrigeration Equipment by Application
- 3 Food & Beverage Retail Indicators
- 4 Food & Beverage Retail Market for Commercial Refrigeration Equipment
- 5 Foodservice Indicators
- 6 Foodservice Market for CommercialRefrigeration Equipment by Sector & Type
- 7 Food & Beverage Shipments
- 8 Food & Beverage Production Market for Commercial Refrigeration Equipment
- 9 Other Markets for Commercial Refrigeration Equipment
Products
- 1 Commercial Refrigeration Equipment
  - Supply & Demand
- 2 Transportation Refrigeration System
  - Supply & Demand
- 3 Trailer Refrigeration Shipments
- 4 Shipping Container System Shipments
- 5 Truck Refrigeration System Shipments
- 6 Beverage Refrigeration Equipment
  - Supply & Demand
- 7 Beverage Cooling & Dispensing
  - Equipment Shipments
- 8 Soda Fountain Equipment Shipments
- 9 Mechanical Drinking Water
  - Cooler Shipments
- 10 Beer Dispensing Equipment Shipments
- 11 Reach-In Refrigerator/Freezer
  - Supply & Demand
- 12 Display Case Supply & Demand
- 13 Normal Temperature Display
  - Case Shipments
- 14 Low Temperature Display Case Shipments
- 15 Walk-In Refrigerator/Freezer
  - Supply & Demand
- 16 Refrigerated Vending Machine
  - Supply & Demand
- 17 Ice Machine Supply & Demand
- 18 Cryogenic Refrigeration Equipment
  - Supply & Demand
- 19 Liquid Chiller Supply & Demand
- 20 Centrifugal Liquid Chiller Shipments
- 21 Reciprocating Liquid Chiller Shipments
- 22 Absorption Liquid Chiller Shipments
- 23 Commercial Refrigeration Parts
  - Supply & Demand
- 24 Other Commercial Refrigeration
  - Equipment Supply & Demand
Industry Structure
- 1 Revenue Data: Selected Commercial Refrigeration Suppliers, 2007
- 2 Selected Financial Ratios: Selected Commercial Refrigeration
  - Equipment Manufacturers
- 3 Selected Acquisitions & Divestitures
- 4 Selected Cooperative Agreements

List of Charts

Market Environment
- 1 US Exports by Destination, 2007
- 2 US Imports by Source, 2007
Markets
- 1 Commercial Refrigeration Equipment Markets, 2007
- 2 Commercial Refrigeration Equipment
  - Industry Flowchart
Industry Structure
- 1 Commercial Refrigeration Equipment