• Japanese
  • Korean
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World Commercial Refrigeration Equipment

Abstract

World demand to rise 4.4% annually through 2016

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Global demand for commercial refrigeration equipment is forecast to rise 4.4 percent per year through 2016 to $32.0 billion, an acceleration from the 2006- 2011 pace. Demand will benefit from strong growth in a number of the world's larger developing nations, particularly in Asia. China and India will continue to be the fastest growing national markets for commercial refrigeration equipment. The US market, which suffered during the 2007-2009 recession, will recover and post substantially stronger growth in demand for these products, although gains will slightly trail the world average.


China, India to be fastest growing markets

China was by the far the fastest growing world market for commercial refrigeration products between 2001 and 2011, posting double-digit annual growth rates and more than quadrupling in size over those ten years. As economic growth in the country slows, demand gains for commercial refrigeration products will decelerate, but will remain the fastest in the world. India, despite its massive size, remains a relatively small market for commercial refrigeration equipment, with per capita demand ranking among the smallest in the world. However, heavy investment in infrastructure and rising incomes will create strong potential for growth, and demand gains for these products in India will be the second fastest in the world. Other developing nations with strong growth prospects include Indonesia and Thailand.

US to remain largest market

Although demand gains for commercial refrigeration equipment are expected to be slower in developed countries, the outlook is still strong relative to the 2006- 2011 period. The US is the world's largest market for these products, and will account for nearly a quarter of global sales growth through 2016. Gains will result from an improved macroeconomic outlook, as rising consumer spending encourages food industry participants to expand the number of retail outlets and restaurants. In addition, food industry participants will be more willing to make equipment upgrades that had been deferred due to a weak economy. Japan was the third largest market for commercial refrigeration equipment in 2011, but has declined in size since 2006, reflecting both poor economic conditions and the maturity of the market. Demand for commercial refrigeration products in Japan is forecast to return to positive growth through 2016, but gains will be significantly slower than the world average.

Coolers, freezers, display cases to be among fastest growing products

Sales of reach-in and walk-in coolers and freezers will benefit from gains among food retailers in restaurants, particularly in developing countries. Growth in demand for refrigerated display cases will be rapid as well, supported by rising standards of living and increasing proliferation of large food retailers. The growing number of restaurants, particularly in the fast food segment, will also spur stronger gains in demand for beverage refrigeration equipment and ice machines. Vending machine gains will be somewhat slower, reflecting the concentration of vending machine usage in developed countries.

Study coverage

Details on these and other findings are available in the upcoming Freedonia industry study, World Commercial Refrigeration Equipment presents historical demand data (2001, 2006 and 2011) plus forecasts for 2016 and 2021 by product, world region and for 21 major countries. The study also assesses market environment factors, evaluates company market share, and profiles global industry competitors such as including Hoshizaki, Ingersoll-Rand, Manitowoc and United Technologies.

Table of Contents

INTRODUCTION

I. EXECUTIVE SUMMARY

II. MARKET ENVIRONMENT

  • General
  • World Population Outlook
  • World Urbanization Patterns
  • World Economic Overview
    • Recent Historical Trends
    • World Economic Outlook
  • World Fixed Investment Outlook
  • World Personal Income & Expenditures
  • World Food & Beverage Manufacturing
  • World Nonresidential Building Expenditures
  • Pricing Patterns
  • Legal & Regulatory Issues
    • Montreal Protocol
    • Kyoto Protocol
  • Technology & Product Development

III. OVERVIEW

  • General
  • Regional Markets
  • Products
    • Reach-In & Walk-In Coolers & Freezers
    • Display Cases
    • Beverage Refrigeration Equipment
    • Ice Machines
    • Refrigerated Vending Machines
    • Other Equipment
    • Parts
  • Production
  • International Trade

IV. NORTH AMERICA

  • General
  • Supply & Demand
  • Product Outlook
  • United States
  • Canada
  • Mexico

V. WESTERN EUROPE

  • General
  • Supply & Demand
  • Product Outlook
  • France
  • Germany
  • Italy
  • Netherlands
  • Spain
  • United Kingdom
  • Other Western Europe

VI. ASIA/PACIFIC

  • General
  • Supply & Demand
  • Product Outlook
  • Australia
  • China
  • India
  • Indonesia
  • Japan
  • South Korea
  • Taiwan
  • Thailand
  • Other Asia/Pacific

VII. OTHER REGIONS

  • Central & South America
    • General
    • Supply & Demand
    • Product Outlook
    • Brazil
    • Other Central & South America
  • Eastern Europe
    • General
    • Supply & Demand
    • Product Outlook
    • Poland
    • Russia
    • Other Eastern Europe
  • Africa/Mideast
    • General
    • Supply & Demand
    • Product Outlook
    • Turkey
    • Other Africa/Mideast

VIII. INDUSTRY STRUCTURE

  • General
  • Industry Composition
  • Market Share
  • Mergers & Acquisitions
  • Product Development & Manufacturing
  • Marketing & Distribution
  • Cooperative Agreements

Company Profiles

  • AHT Cooling Systems GmbH
  • Air Products and Chemicals Incorporated
  • Ali SpA
  • Alliance Compressors, see Emerson Electric, Ingersoll-Rand, and Lennox International
  • Automatic Products, see Crane
  • Beverage-Air, see Ali
  • Bock Kaltemaschinen, see GEA Group
  • Brema Ice Makers SpA
  • Bundy Refrigeration Srl
  • Carlyle Compressor, see United Technologies
  • Carrier, see United Technologies
  • Celli SpA
  • Crane Company
  • Daikin Industries Limited
  • Daiwa Industries Limited
  • Dalian Bingshan Group Company Limited
  • Danfoss A/S
  • Delfield, see Manitowoc
  • Dixie-Narco, see Crane
  • Dover Corporation
  • Dunham-Bush Holding Berhad
  • Electrolux AB
  • Emerson Electric Company
  • Empresa Brasileira de Compressores (Embraco), see Whirlpool
  • Federal Industries, see Standex International
  • Fomento Economico Mexicano SAB de CV
  • Foster Refrigerator, see Illinois Tools Works
  • Friginox, see Ali
  • Frigoglass SAIC
  • Friulinox, see Ali
  • Fukushima Industries Corporation
  • GD Midea Holding Company Limited
  • GEA Group AG
  • GPL, see Crane
  • Hangzhou Kalifon Stainless Steel Kitchen Equipment Company Limited
  • Harford Refrigeration, see Manitowoc
  • Heatcraft Worldwide Refrigeration, see Lennox International
  • Heifi Kimay Electrical Appliance Company Limited
  • Hill PHOENIX, see Dover
  • Hoshizaki Electric Company Limited
  • Hussmann International Incorporated
  • Illinois Tool Works Incorporated
  • IMI plc
  • Ingersoll-Rand plc
  • International Cold Storage, see United Technologies
  • J&E Hall International, see Daikin Industries
  • Jiangsu Baixue Electric Appliances Company Limited
  • Jiangsu Shuangliang Group Company Limited
  • John Bean Technologies Corporation
  • Johnson Controls Incorporated
  • Kairak, see Illinois Tool Works
  • Kolpak Refrigeration, see Manitowoc
  • Kool Star, see Standex International
  • Kysor Panel Systems, see Manitowoc
  • Kysor/Warren, see Lennox International
  • Lennox International Incorporated
  • Linde Group
  • Manitowoc Company Incorporated
  • Master-Bilt Products, see Standex International
  • McCall Refrigeration, see Manitowoc
  • McQuay International, see Daikin Industries
  • Metalfrio Solutions SA
  • Mueller (Paul) Company
  • Multiplex/Servend, see Manitowoc
  • Nakano Refrigerators Company Limited
  • National Vendors, see Crane
  • Nor-Lake, see Standex International
  • Pace Industrial, see Vector Industries
  • Panasonic Corporation
  • Parker-Hannifin Corporation
  • Perlick Corporation
  • Polaris Ali, see Ali
  • Qingdao Aucma Company Limited
  • San Joaquin Valley Dairy Equipment, see GEA Group
  • Sanden Corporation
  • SPX Corporation
  • Standex International Corporation
  • Taylor, see United Technologies
  • Tecumseh Products Company
  • Thermo Fisher Scientific Incorporated
  • Thermo King, see Ingersoll-Rand
  • Trane, see Ingersoll-Rand
  • Traulsen, see Illinois Tool Works
  • Unified Brands, see Dover
  • United Technologies Corporation
  • Vector Industries Incorporated
  • Vendo de Mexico, see Fomento Economico Mexicano
  • Victory Refrigeration, see Ali
  • Vin Service SRL
  • Voltas Limited
  • Welbilt, see Manitowoc
  • Whirlpool Corporation
  • Williams Refrigeration, see Ali
  • Yantai Moon Group Company Limited
  • Zhejiang Huamei Electrical Appliance Company Limited
  • Zhejiang Lianfeng Company Limited

LIST OF TABLES

SECTION I -- EXECUTIVE SUMMARY

  • Summary Table

SECTION II -- MARKET ENVIRONMENT

  • 1 World Population by Region
  • 2 World Urban Population by Region
  • 3 World Gross Domestic Product by Region
  • 4 World Fixed Investment by Region
  • 5 World Per Capita GDP by Region
  • 6 World Food & Beverage Manufacturing Value Added by Region
  • 7 World Nonresidential Building Expenditures by Region
  • 8 Commercial Refrigeration Equipment Pricing

SECTION III -- OVERVIEW

  • 1 World Commercial Refrigeration Equipment Demand by Region
  • 2 World Commercial Refrigeration Equipment Demand by Product
  • 3 World Reach-In & Walk-In Cooler & Freezer Demand by Region
  • 4 World Refrigerated Display Case Demand by Region
  • 5 World Beverage Refrigeration Equipment Demand by Region
  • 6 World Ice Machine Demand by Region
  • 7 World Refrigerated Vending Machine Demand by Region
  • 8 World Other Commercial Refrigeration Equipment Demand by Region
  • 9 World Commercial Refrigeration Equipment Parts Demand by Region
  • 10 World Commercial Refrigeration Equipment Production by Region
  • 11 World Commercial Refrigeration Equipment Net Exports by Region

SECTION IV -- NORTH AMERICA

  • 1 North America: Commercial Refrigeration Equipment Supply & Demand
  • 2 North America: Commercial Refrigeration Equipment Demand by Type
  • 3 United States: Commercial Refrigeration Equipment Supply & Demand
  • 4 United States: Commercial Refrigeration Equipment Demand by Type
  • 5 Canada: Commercial Refrigeration Equipment Supply & Demand
  • 6 Canada: Commercial Refrigeration Equipment Demand by Type
  • 7 Mexico: Commercial Refrigeration Equipment Supply & Demand
  • 8 Mexico: Commercial Refrigeration Equipment Demand by Type

SECTION V -- WESTERN EUROPE

  • 1 Western Europe: Commercial Refrigeration Equipment Supply & Demand
  • 2 Western Europe: Commercial Refrigeration Equipment Demand by Type
  • 3 France: Commercial Refrigeration Equipment Supply & Demand
  • 4 France: Commercial Refrigeration Equipment Demand by Type
  • 5 Germany: Commercial Refrigeration Equipment Supply & Demand
  • 6 Germany: Commercial Refrigeration Equipment Demand by Type
  • 7 Italy: Commercial Refrigeration Equipment Supply & Demand
  • 8 Italy: Commercial Refrigeration Equipment Demand by Type
  • 9 Netherlands: Commercial Refrigeration Equipment Supply & Demand
  • 10 Netherlands: Commercial Refrigeration Equipment Demand by Type
  • 11 Spain: Commercial Refrigeration Equipment Supply & Demand
  • 12 Spain: Commercial Refrigeration Equipment Demand by Type
  • 13 United Kingdom: Commercial Refrigeration Equipment Supply & Demand
  • 14 United Kingdom: Commercial Refrigeration Equipment Demand by Type
  • 15 Other Western Europe: Commercial Refrigeration Equipment Supply & Demand
  • 16 Other Western Europe: Commercial Refrigeration Equipment Demand by Type

SECTION VI -- ASIA/PACIFIC

  • 1 Asia/Pacific: Commercial Refrigeration Equipment Supply & Demand
  • 2 Asia/Pacific: Commercial Refrigeration Equipment Demand by Type
  • 3 Australia: Commercial Refrigeration Equipment Supply & Demand
  • 4 Australia: Commercial Refrigeration Equipment Demand by Type
  • 5 China: Commercial Refrigeration Equipment Supply & Demand
  • 6 China: Commercial Refrigeration Equipment Demand by Type
  • 7 India: Commercial Refrigeration Equipment Supply & Demand
  • 8 India: Commercial Refrigeration Equipment Demand by Type
  • 9 Indonesia: Commercial Refrigeration Equipment Supply & Demand
  • 10 Indonesia: Commercial Refrigeration Equipment Demand by Type
  • 11 Japan: Commercial Refrigeration Equipment Supply & Demand
  • 12 Japan: Commercial Refrigeration Equipment Demand by Type
  • 13 South Korea: Commercial Refrigeration Equipment Supply & Demand
  • 14 South Korea: Commercial Refrigeration Equipment Demand by Type
  • 15 Taiwan: Commercial Refrigeration Equipment Supply & Demand
  • 16 Taiwan: Commercial Refrigeration Equipment Demand by Type
  • 17 Thailand: Commercial Refrigeration Equipment Supply & Demand
  • 18 Thailand: Commercial Refrigeration Equipment Demand by Type
  • 19 Other Asia/Pacific: Commercial Refrigeration Equipment Supply & Demand
  • 20 Other Asia/Pacific: Commercial Refrigeration Equipment Demand by Type

SECTION VII -- OTHER REGIONS

  • 1 Central & South America: Commercial Refrigeration Equipment Supply & Demand
  • 2 Central & South America: Commercial Refrigeration Equipment Demand by Type
  • 3 Brazil: Commercial Refrigeration Equipment Supply & Demand
  • 4 Brazil: Commercial Refrigeration Equipment Demand by Type
  • 5 Other Central & South America: Commercial Refrigeration Equipment Supply & Demand
  • 6 Other Central & South America: Commercial Refrigeration Equipment Demand by Type
  • 7 Eastern Europe: Commercial Refrigeration Equipment Supply & Demand
  • 8 Eastern Europe: Commercial Refrigeration Equipment Demand by Type
  • 9 Poland: Commercial Refrigeration Equipment Supply & Demand
  • 10 Poland: Commercial Refrigeration Equipment Demand by Type
  • 11 Russia: Commercial Refrigeration Equipment Supply & Demand
  • 12 Russia: Commercial Refrigeration Equipment Demand by Type
  • 13 Other Eastern Europe: Commercial Refrigeration Equipment Supply & Demand
  • 14 Other Eastern Europe: Commercial Refrigeration Equipment Demand by Type
  • 15 Africa/Mideast: Commercial Refrigeration Equipment Supply & Demand
  • 16 Africa/Mideast: Commercial Refrigeration Equipment Demand by Type
  • 17 Turkey: Commercial Refrigeration Equipment Supply & Demand
  • 18 Turkey: Commercial Refrigeration Equipment Demand by Type
  • 19 Other Africa/Mideast: Commercial Refrigeration Equipment Supply & Demand
  • 20 Other Africa/Mideast: Commercial Refrigeration Equipment Demand by Type

SECTION VIII -- INDUSTRY STRUCTURE

  • 1 World Commercial Refrigeration Equipment Sales by Company, 2011
  • 2 Selected Acquisitions & Divestitures
  • 3 Selected Cooperative Agreements

LIST OF CHARTS

SECTION II -- MARKET ENVIRONMENT

  • 1 Relationship Between Per Capita Investment & Per Capita Commercial Refrigeration Equipment Demand, 2011

SECTION III -- OVERVIEW

  • 1 World Commercial Refrigeration Equipment Demand by Region, 2011
  • 2 Change in Commercial Refrigeration Equipment Demand by Region, 2011-2016

SECTION VIII -- INDUSTRY STRUCTURE

  • 1 World Commercial Refrigeration Equipment Market Share, 2011
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