Study #: 3893 | Published: 07/2020 | Pages: 68 | Individual User License: US$ 3,900

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:

  • Retailers continue to replace outdated equipment with new models that feature a number of technologies that improve efficiency or aesthetics by better highlighting the products they hold to encourage purchases.
  • Display cases continue to be installed in a growing number of nontraditional food retail settings.
  • New micro-market vending systems, which utilize display cases and a separate point-of-sale system instead of a traditional vending machine, continue to be constructed.

COVID-19 Pandemic Expected to Boost Food Retailer Profits & Potential Store Renovations

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.

Changing Consumer Shopping Patterns to Create New Opportunities for Display Cases

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:

  • direct-to-consumer shipment of groceries from a centralized warehouse or facility
  • food delivery services, where a third-party collects groceries from retailers with storefronts and drops them off to consumer
  • in-store or curbside pickup, where a store worker or third party collects groceries and the consumer picks them up at the store

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.

Ban on R-22 to Have Small – But Not Insignificant – Impact on Equipment Sales Through 2024

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.


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Table of Contents

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


List of Tables

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)


List of Figures

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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