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Demand for display cases is forecast to rise 5.5% annually through 2024 to $1.6 billion, an improvement over the 2014-2019 performance as:
Though many industries were hard hit by the onset of the COVID-19 pandemic in early 2020, food retail – which accounts for the vast majority of display case demand – recorded strong sales gains during this time. This above average spike in sales could make store renovations more affordable for retailers than it would have been otherwise, though some may still choose to delay renovations until the total impact of the pandemic is more certain.
The food shopping experience has been undergoing a slow but steady shift as consumers seek more convenience. This has led to a rise in online sales of food, which include:
The increasing popularity of in-store/curbside pickup services is expected to have a modest impact on display case demand, as some goods ordered through these services need to be stored at a low temperatures while awaiting pickup at the front of the store. While direct-to-consumer food sales have increased as a result of the pandemic, this trend is not expected to have any significant impact on display case sales in the short term, though the facilities that fulfill these orders usually employ other types of equipment to keep food refrigerated.
Despite the total ban in the US on the production or import of virgin R-22, there is still a significant stock of virgin and reclaimed R-22 that can be used to service existing equipment. As a result, prices for the refrigerant are not expected to increase significantly in the short term, allowing many owners of R-22-based equipment to postpone replacing their systems for now. However, the greater efficiency and long-term availability of systems operating on newer refrigerants is often sufficient to prompt upgrades, especially as newer units generally offer greater aesthetic benefits as well.
1. Executive Summary
2. About This Report
Report Details
Study Scope & Product Description
Impact of COVID-19 Pandemic
3. Overview
Historical Market Trends
Supply & Demand
Foreign Trade
Types of Display Cases
Demand by Product
Normal Temperature Display Cases
Low Temperature Display Cases
Drivers & Restraints
Pricing Trends
Competitive Products
Sustainability
Refrigerant Regulations & Their Impact
Energy Efficiency Regulations
Global Outlook
4. Markets
Demand by Market
Food Retail Outlook & Scope
Key Trends in Food & Beverage Retail Markets
Impact of Growth in Limited Selection Stores
Curbside Pickup & Carryout Trends
E-Commerce & Direct-to-Consumer Food Retail
5. Suppliers & Market Share
Industry Composition
Key Suppliers
Mergers & Acquisitions
6. Appendix
Scope
Definitions
Freedonia Methodology
Study-Specific Methodology
Sources
Associations & Agencies
Related Studies & Reports
Macroeconomic Assumptions
Economic Environment
Retail Sales Outlook
3. Overview
Table 3-1 | Refrigerated & Frozen Display Case Demand, 2009 - 2019 (million dollars)
Table 3-2 | Refrigerated & Frozen Display Case Supply & Demand by Product, 2009 - 2029 (million dollars)
Table 3-3 | Refrigerated & Frozen Display Case Demand by Product, 2009 - 2029 (million dollars)
Table 3-4 | Normal Temperature Display Case Supply & Demand by Type, 2009 - 2029 (million dollars & thousand units)
Table 3-5 | Low Temperature Display Case Supply & Demand by Type, 2009 - 2029 (million dollars & thousand units)
4. Markets
Table 4-1 | Refrigerated & Frozen Display Case Demand by Market, 2009 - 2029 (million dollars)
Table 4-2 | Food & Beverage Retail Indicators, 2009 - 2029 (billion dollars & thousand units)
5. Suppliers & Market Share
Table 5-1 | Selected Mergers & Acquisitions
6. Appendix
Table 6-1 | Relevant Industry Codes
Table 6-2 | Relevant HS Codes
Table 6-3 | December 2019 Macroeconomic Indicators, 2009 - 2024 (billion 2012 dollars)
Table 6-4 | Retail Sales, 2009 - 2029 (billion dollars)
1. Executive Summary
Figure 1-1 | US Refrigerated & Frozen Display Case Market
2. About This Report
Figure 2-1 | Types of Display Cases
3. Overview
Figure 3-1 | Refrigerated & Frozen Display Case Demand, 2009 - 2019 (million dollars)
Figure 3-2 | US Trade in Refrigerated & Frozen Display Cases, 2002 - 2019 (million dollars)
Figure 3-3 | US Refrigerated & Frozen Display Case Imports by Country, 2009 - 2019 (percent of total)
Figure 3-4 | US Refrigerated & Frozen Display Case Exports by Country, 2009 - 2019 (percent of total)
Figure 3-5 | Refrigerated & Frozen Display Case Demand by Type, 2009 - 2029 (million dollars)
Figure 3-6 | Types of Normal Temperature Display Cases
Figure 3-7 | Types of Low Temperature Display Cases
Figure 3-8 | Refrigerated & Frozen Display Case Average Price Growth by Type, 2009 - 2029 (% CAGR)
Figure 3-9 | Global Refrigerated & Frozen Display Case Demand, 2009 - 2024 (million dollars)
4. Markets
Figure 4-1 | Refrigerated & Frozen Display Case Demand by Market, 2009 - 2029 (million dollars)
5. Suppliers & Market Share
Figure 5-1 | US Refrigerated & Frozen Display Case Market Share by Company, 2019 (billion dollars)
6. Appendix
Figure 6-1 | Real GDP: December 2019 Forecast vs. April 2020 Revised Forecast (% annual change)
Figure 6-2 | Annual Growth in Real GDP, 2000 - 2019, Compared to 1980 - 2005 Average (percent)
Figure 6-3 | Retail Sales: December 2019 Forecast vs. April 2020 Revised Forecast (% annual change)
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