Cold front: Industry profitability is projected to decline due to rising import competition

The Commercial Refrigerator Manufacturing industry's revenue has increased over the past five years. Commercial refrigerators and freezers are essential equipment for a range of food, retailing and hospitality sectors. Demand for the industry's products has grown over the period, driven by the increasing refrigeration and freezer needs of supermarkets. Food manufacturers and other final users, such as restaurants, cafes, hotels and clubs, have also contributed to rising demand for industry goods over the period. However, reduced client expansion activity, some industry consolidation, and increased imports have constrained industry revenue growth, particularly since more.

Industry Statistics & Market Size
Annual Growth 14-19
Forecast Growth 19-24
Market Share of Companies
There are no companies with a dominant market share in this industry

Industry Threats & Opportunities

  • Industry revenue has grown over the past five years, driven by rising demand from supermarkets
  • Moderate revenue volatility has encouraged unprofitable companies to exit the industry
  • Despite revenue growth, industry profit is projected to fall over the next five years
  • Industry Report - Industry Key Buyers Chapter

    The industry exhibits low market share concentration, with the four largest industry firms expected to account for less than 20% of industry revenue in 2018-19. Industry concentration has increased over the past five years, as unprofitable commercial refrigeration manufacturing companies have exited the industry or consolidated with other larger companies. Due to increasing import competition driving small enterprises out of the industry, concentration in the industry is expected to increase over the five years through 2023-24. More unprofitable manufacturers are expected to exit the industry over the period, which will likely contribute to steady revenue growth for remaining firms...purchase to read more.

    Additional Insights for the Commercial Refrigerator Manufacturing Industry

    IBISWorld has determined the most important Key Success Factors for the Commercial Refrigerator Manufacturing are:

  • Ability to alter mix of inputs in line with cost
  • Company's product has low running costs
  • Willingness to outsource when appropriate
  • IBISWorld analysts also discuss how external factors such as Demand from food retailing and Demand from food product manufacturing in the Commercial Refrigerator Manufacturing industry impact industry performance..

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    What's in this report

    What is the Commercial Refrigerator Manufacturing Industry?

    Companies in the industry manufacture commercial refrigerators and freezers, including walk-in cabinet coolers and freezers. The restaurant, food manufacturing and retail sectors are the primary users of industry products, they can also be used for warehousing and other applications.

    Industry Products
  • Walk-in coolers and freezers
  • Custom refrigerators and freezers
  • Display refrigerators and freezers
  • Other refrigeration and freezer equipment
  • Blast chillers and freezers
  • Industry Activities
  • Commercial refrigerator and freezer
  • Display refrigerator and freezer
  • Walk-in refrigerator and freezer
  • Coolroom
  • Ice and ice cream equipment
  • Refrigerated vending machine
  • Other commercial refrigerator and freezer products
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Demand from food retailing
  • Demand from food product manufacturing
  • Demand from accommodation and food services
  • Domestic price of iron and steel
  • Domestic price of plastic and rubber products

  • Current Performance
  • Food retailers and manufacturers
  • Higher input pricing
  • Growing demand
  • Mixed international trade
  • Enterprises and employment
  • Chart: Revenue Growth

  • Industry Outlook
  • Food service growth
  • Profit and participation
  • International trade
  • Table: Commercial Refrigerator Manufacturing Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Commercial Refrigerator Manufacturing Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Manufacturing
  • Fresh Meat, Fish and Poultry Retailing
  • Liquor Retailing
  • Accommodation and Food Services
  • Supermarkets and Grocery Stores
  • Convenience Stores

  • Key Selling Industries
  • Heating, Cooling and Ventilation Equipment Manufacturing
  • Industrial Gas Manufacturing
  • Iron and Steel Casting
  • Synthetic Resin and Synthetic Rubber Manufacturing

  • Products & Services
  • Display refrigerators and freezers
  • Walk-in coolers and freezers
  • Other refrigeration and freezer equipment
  • Custom refrigerators and freezers
  • Blast chillers and freezers
  • Chart: Commercial Refrigerator Manufacturing Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Supermarkets and other food retailers
  • Hospitality and food-service providers
  • Food and beverage manufacturers
  • Other industries
  • Healthcare sector
  • Chart: Major Market Segmentation for the Commercial Refrigerator Manufacturing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Wages
  • Depreciation
  • Rent and utilities
  • Other
  • Chart: Cost Structure Benchmarking – Sector vs Commercial Refrigerator Manufacturing

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Commercial Refrigerator Manufacturing Industry

  • Industry Globalization
    There are no major players in this industry. This report includes analysis of other companies.
    Capital Intensity
  • Chart: Level of Capital Intensity for the Commercial Refrigerator Manufacturing Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Commercial Refrigerator Manufacturing Industry
  • Industry Revenue (2010-2024)
  • Industry Gross Product (2010-2024)
  • Establishments (2010-2024)
  • Businesses (2010-2024)
  • Employment (2010-2024)
  • Exports (2010-2024)
  • Imports (2010-2024)
  • Wages (2010-2024)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Blast Chillers And Freezers
  • Blast chillers and freezers are used by restaurants and other food services companies to rapidly refrigerate or freeze food and beverage products.
  • Display Refrigerators And Freezers
  • Industry products that have clear glass doors, or that are open at the front to allow for visual inspection of food and beverage products.
  • Walk-In Refrigerators And Freezers
  • Used mainly by food manufacturers and large food retailers, walk-in industry goods allow full access to refrigerator and freezer contents.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Commercial Refrigerator Manufacturing market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Commercial Refrigerator Manufacturing:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Commercial Refrigerator Manufacturing market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Commercial Refrigerator Manufacturing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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