Refrigeration Equipment Wholesaling in the US - Industry Market Research Report

Warming up: Anticipated increases in the value of construction will bolster industry demand

The Refrigeration Equipment Wholesaling industry has benefited from increased consumer spending and freight transportation. This has bolstered demand for the food service and accommodation industries, incentivizing investment in new refrigeration equipment. However, the COVID-19 pandemic caused temporary shutdowns of many downstream food service and accommodation establishments, placing downward pressure in 2020. Still, the consistent need for food and medicine, which require refrigeration, buoyed demand. Demand has since normalized, spurring the industry to grow at a CAGR of 2.3% to $11.6 billion over the five years to 2023, including an estimated increase of 1.1% in 2023 alone. Wholesalers in this industry distribute commercial refrigeration equipment, including beverage coolers, cold storage machinery, refrigerator compressors, condensing units, refrigerated display cases and drinking fountains. The Refrigeration Equipment Wholesaling industry excludes the wholesaling of residential refrigeration and air conditioning equipment. Distributors of heating, ventilation and air conditioning equipment are also excluded. This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.