Commercial Refrigeration Equipment with COVID-19 Market Impact Analysis

US demand for commercial refrigeration equipment is forecast to rise 2.7 percent per year through 2024 to $11.7 billion. An expected decline in equipment sales in 2020 due to the COVID-19 pandemic and its effect on the nation’s food industries will temper overall market gains through 2024, preventing more robust advances.

This report covers commercial refrigeration equipment demand by Product and Market. Data are given in dollar value and data for most products is also provided in units.

Commercial refrigeration equipment product types discussed in this report include:
-  Transportation refrigeration systems
-  Reach-in and walk-in refrigerator and freezers
-  Beverage refrigeration equipment, including drinking fountains, soda fountain equipment, beverage cooling and dispensing equipment, and beer dispensing equipment
-  Display cases
-  Ice machines
-  Liquid chillers
-  Cryogenic equipment
-  Refrigerated vending machines
-  Associated parts

Markets for commercial refrigeration equipment include:
-  Food & beverage distribution
-  Food & beverage retailers
-  Foodservice
-  Food & beverage production

Scope of the Report
This report covers the scope, size, and growth of the US commercial refrigeration equipment market including key trends in product and market segmentation. Historical data are provided for 2009, 2014, and 2019 with forecasts for 2019 and 2024, with year by year historical market volatility also addressed. Data are provide for both dollar value and volume. Also included is an analysis of the industry key players and their market shares.


  • Executive Summary
    • Table Figure 1-1 - Key Trends in the US Commercial Refrigeration Equipment Market
  • Factors Affecting Demand
    • Study Scope
    • Impact of the COVID-19 Pandemic
      • Table Figure 2-1 - Commercial Refrigeration Equipment: Potential Impact of COVID-19 on Demand, 2008 - 2024
    • Food E-Commerce Outlook
    • Regulatory & Environmental Issues
      • Refrigerant Regulations & Their Impact
      • Energy Efficiency Regulations
    • Technology Trends
      • Smart Technology
      • Energy Efficiency
  • Supply & Demand
    • Key Findings
      • Table Figure 3-1 - Commercial Refrigeration Equipment Product Trends
    • Historical Demand
      • Table Figure 3-2 - Commercial Refrigeration Equipment Demand, 2002 - 2019
    • Foreign Trade
      • Trade Balance
        • Table Commercial Refrigeration Equipment Supply & Demand, 2009 - 2029
        • Table Figure 3-3 - US Trade in Commercial Refrigeration Equipment, 2002 - 2019
      • Imports
        • Table Figure 3-4 - Commercial Refrigeration Equipment Imports by Source, 2002 - 2019
      • Exports
        • Table Figure 3-5 - Commercial Refrigeration Equipment Exports by Destination, 2002 - 2019
    • Production Outlook
      • Table Commercial Refrigeration Equipment Shipments by Product, 2009 - 2029
      • Table Figure 3-6 - Commercial Refrigeration Equipment Shipments, 2002 - 2024
    • New & Aftermarket Demand
      • Table New & Aftermarket Demand for Commercial Refrigeration Equipment, 2009 - 2029
    • Demand by Product
      • Table Commercial Refrigeration Equipment Demand by Product, 2009 - 2029
      • Table Figure 3-7 - Commercial Refrigeration Equipment Demand by Product, 2009 - 2029
    • Price Trends
      • Table Select Commercial Refrigeration Equipment Prices, 2009 - 2029
  • Transportation Refrigeration Systems
    • Scope
      • Table Figure 4-1 - Types of Transportation Refrigeration Systems
    • Supply & Demand
      • Table Transportation Refrigeration System Supply & Demand, 2009 - 2029
      • Table Figure 4-2 - US Trade in Transportation Refrigeration Systems, 2002 - 2019
    • Historical Market Trends
      • Table Figure 4-3 - Transportation Refrigeration System Demand, 2002 - 2019
    • Demand by Type & Market
      • Table Transportation Refrigeration System Demand by Type & Market, 2009 - 2029
      • Table Figure 4-4 - Transportation Refrigeration System Demand by Type, 2009 - 2029
    • Shipping Container Systems
      • Table Shipping Container Refrigeration System Demand, 2009 - 2029
    • Trailer Refrigeration Systems
      • Table Trailer Refrigeration System Demand, 2009 - 2029
    • Truck Refrigeration Systems
      • Table Truck Refrigeration System Demand, 2009 - 2029
    • Manufacturers
  • Refrigerators & Freezers
    • Scope
      • Table Figure 5-1 - Types of Commercial Refrigerators & Freezers
    • Supply & Demand
      • Table Commercial Refrigerator & Freezer Supply & Demand, 2009 - 2029
      • Table Figure 5-2 - US Trade in Commercial Refrigerators & Freezers, 2002 - 2019
    • Historical Market Trends
      • Table Figure 5-3 - Commercial Refrigerator & Freezer Demand, 2002 - 2019
    • Demand by Type
      • Table Commercial Refrigerator & Freezer Demand by Type, 2009 - 2029
      • Table Figure 5-4 - Commercial Refrigerator & Freezer Demand by Type, 2009 - 2029
    • Reach-In Refrigerators & Freezers
      • Table Reach-In Commercial Refrigerator & Freezer Supply & Demand by Type & Market, 2009 - 2029
    • Walk-In Refrigerators & Freezers
      • Table Walk-In Commercial Refrigerator & Freezer Supply & Demand by Market, 2009 - 2029
    • Manufacturers
  • Beverage Refrigeration Equipment
    • Scope
      • Table Figure 6-1 - Types of Beverage Refrigeration Equipment
    • Supply & Demand
      • Table Beverage Refrigeration Equipment Supply & Demand, 2009 - 2029
      • Table Figure 6-2 - US Trade in Beverage Refrigeration Equipment, 2002 - 2019
    • Historical Market Trends
      • Table Figure 6-3 - Beverage Refrigeration Equipment Demand, 2002 - 2019
    • Demand by Type
      • Table Beverage Refrigeration Equipment Demand by Type & Market, 2009 - 2029
      • Table Figure 6-4 - Beverage Refrigeration Equipment Demand by Type, 2009 - 2029
    • Drinking Fountains
      • Table Figure 6-5 - Types of Drinking Fountains
      • Table Drinking Fountain Supply & Demand, 2009 - 2029
    • Soda Fountain Equipment
      • Table Soda Fountain Supply & Demand, 2009 - 2029
    • Beverage Cooling & Dispensing Equipment
      • Table Beverage Cooling & Dispensing Equipment Supply & Demand, 2009 - 2029
    • Beer Dispensing Equipment
      • Table Beer Dispensing Equipment Supply & Demand, 2009 - 2029
    • Manufacturers
      • Table Major Manufacturers of Beverage Refrigeration Equipment
  • Display Cases
    • Scope
      • Table Figure 7-1 - Types of Display Cases
    • Supply & Demand
      • Table Display Case Supply & Demand by Type, 2009 - 2029
      • Table Figure 7-2 - US Trade in Display Cases, 2002 - 2019
    • Historical Market Trends
      • Table Figure 7-3 - Display Case Demand, 2002 - 2019
    • Demand by Type
      • Table Display Case Demand by Type & Market, 2009 - 2029
      • Table Figure 7-4 - Display Case Demand by Type, 2009 - 2029
    • Normal Temperature Display Cases
      • Table Normal Temperature Display Case Supply & Demand by Type, 2009 - 2029
    • Low Temperature Display Cases
      • Table Low Temperature Display Case Supply & Demand by Type, 2009 - 2029
    • Manufacturers
  • Other Equipment & Parts
    • Other Commercial Refrigeration Equipment
      • Table Figure 8-1 - Other Types of Commercial Refrigeration Equipment & Parts
    • Supply & Demand
      • Table Other Commercial Refrigeration Equipment Supply & Demand, 2009 - 2029
      • Table Figure 8-2 - US Trade in Other Commercial Refrigeration Equipment, 2002 - 2019
    • Demand by Type
      • Table Other Commercial Refrigeration Equipment Demand by Product, 2009 - 2029
      • Table Figure 8-3 - Other Commercial Refrigeration Equipment Demand by Product, 2009 - 2029
    • Ice Machines
      • Table Ice Machine Supply & Demand by Market, 2009 - 2029
    • Liquid Chillers
      • Table Liquid Chiller Supply & Demand by Type & Market, 2009 - 2029
    • Cryogenic Equipment
      • Table Cryogenic Equipment Supply & Demand, 2009 - 2029
    • Refrigerated Vending Machines
      • Table Refrigerated Vending Machine Supply & Demand by Type & Market, 2009 - 2029
    • All Other Commercial Refrigeration Equipment
      • Table All Other Commercial Refrigeration Equipment Supply & Demand, 2009 - 2029
    • Parts for Commercial Refrigeration Equipment
      • Table Commercial Refrigeration Equipment Parts Supply & Demand by Market, 2009 - 2029
  • Markets
    • Key Findings
      • Table Figure 9-1 - Commercial Refrigeration Equipment Market Trends
    • Commercial Refrigeration Equipment Demand by Market
      • Table Commercial Refrigeration Equipment Demand by Market, 2009 - 2029
      • Table Figure 9-2 - Commercial Refrigeration Equipment Demand by Market, 2009 - 2029
    • Food & Beverage Distribution
      • Scope
      • Food & Beverage Distribution Outlook
      • Commercial Refrigeration Equipment Demand by Segment
        • Table Food & Beverage Distribution Commercial Refrigeration Demand by Segment, 2009 - 2029
    • Food & Beverage Retailers
      • Scope
      • Food & Beverage Retailer Sales Outlook
        • Table Food & Beverage Retail Indicators, 2009 - 2029
      • E-Commerce & Direct to Consumer Food Retail
      • Commercial Refrigeration Equipment Demand by Product
        • Table Food & Beverage Retail Commercial Refrigeration Equipment Demand by Product, 2009 - 2029
    • Foodservice
      • Scope
      • Foodservice Revenue Outlook
        • Table Foodservice Indicators, 2009 - 2029
      • Commercial Refrigeration Equipment Demand by Product
        • Table Foodservice Commercial Refrigeration Equipment Demand by Sector & Product, 2009 - 2029
    • Food & Beverage Production
      • Scope
      • Food & Beverage Production Outlook
        • Table US Food & Beverage Shipments, 2009 - 2029
        • Table US Fresh Produce Production, 2009 - 2029
      • Commercial Refrigeration Equipment Demand by Product
        • Table Food & Beverage Production Commercial Refrigeration Equipment Demand by Product, 2009 - 2029
    • Other Markets
      • Scope
      • Demand by Product
        • Table Other Commercial Refrigeration Equipment Markets: Demand by Product, 2009 - 2029
  • Industry Structure
    • Key Findings & Industry Composition
      • Table US Commercial Refrigeration Equipment Sales by Company, 2019
    • Market Share
      • Table Figure 10-1 - Commercial Refrigeration Equipment Market Share, 2019
      • Table Figure 10-2 - Commercial Refrigeration Equipment: Leading Supplier, 2019
      • Table Figure 10-3 - Commercial Refrigeration Equipment: Second Leading Supplier, 2019
      • Table Figure 10-4 - Commercial Refrigeration Equipment: Third Leading Supplier, 2019
      • Table Figure 10-5 - Commercial Refrigeration Equipment: Fourth Leading Supplier, 2019
      • Table Figure 10-6 - Commercial Refrigeration Equipment: Fifth Leading Supplier, 2019
    • Marketing & Distribution
    • Mergers & Acquisitions
      • Table Selected Mergers & Acquisitions
    • List of Industry Participants
  • Appendix
    • Scope
      • Table Relevant Industry Codes
      • Table Relevant HS Codes
    • Definitions
    • Abbreviations
      • Table Abbreviations & Acronyms Used in Study
      • Table Refrigerants Mentioned in Study
    • Freedonia Methodology
    • Study-Specific Methodology
    • Sources
    • Associations & Agencies
    • Related Studies
    • Macroeconomic Assumptions
      • Economic Environment
        • Table Macroeconomic Indicators, 2009 - 2029
        • Table Figure 11-1 - Annual Growth in Real GDP, 2000 - 2019, Compared to 1980 - 2005 Average
      • Demographic Trends
        • Table Population & Households, 2009 – 2029
        • Table Figure 11-2 - Annual Population Growth, 2004 - 2019
      • Commercial Building Construction
        • Table Commercial Building Construction Expenditures, 2009 – 2029
      • Commercial Building Improvements & Repairs
        • Table Commercial Building Improvement & Repair Expenditures, 2009 – 2029
      • Retail Sales Outlook
        • Table Retail Sales, 2009 - 2029

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