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World Commercial Refrigeration Equipment to 2016

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World Commercial Refrigeration Equipment to 2016 Powered By Docstoc
					World Commercial Refrigeration Equipment
to 2016
Global demand for commercial refrigeration equipment is forecast to rise 4.4 percent per year
through 2016 to $32.0 billion, an acceleration from the 2006- 2011 pace. Demand will benefit
from strong growth in a number of the world’s larger developing nations, particularly in Asia.
China and India will continue to be the fastest growing national markets for commercial
refrigeration equipment. The US market, which suffered during the 2007-2009 recession, will
recover and post substantially stronger growth in demand for these products, although gains will
slightly trail the world average.

China, India to be fastest growing markets

China was by the far the fastest growing world market for commercial refrigeration products
between 2001 and 2011, posting double-digit annual growth rates and more than quadrupling in
size over those ten years. As economic growth in the country slows, demand gains for
commercial refrigeration products will decelerate, but will remain the fastest in the world. India,
despite its massive size, remains a relatively small market for commercial refrigeration
equipment, with per capita demand ranking among the smallest in the world. However, heavy
investment in infrastructure and rising incomes will create strong potential for growth, and
demand gains for these products in India will be the second fastest in the world. Other
developing nations with strong growth prospects include Indonesia and Thailand.

US to remain largest market

Although demand gains for commercial refrigeration equipment are expected to be
slower in developed countries, the outlook is still strong relative to the 2006- 2011 period. The
US is the world’s largest market for these products, and will account for nearly a quarter of
global sales growth through 2016. Gains will result from an improved macroeconomic outlook,
as rising consumer spending encourages food industry participants to expand the number of retail
outlets and restaurants. In addition, food industry participants will be more willing to make
equipment upgrades that had been deferred due to a weak economy. Japan was the third largest
market for commercial refrigeration equipment in 2011, but has declined in size since 2006,
reflecting both poor economic conditions and the maturity of the market. Demand for
commercial refrigeration products in Japan is forecast to return to positive growth through 2016,
but gains will be significantly slower than the world average.

Coolers, freezers, display cases to be among fastest growing products

Sales of reach-in and walk-in coolers and freezers will benefit from gains among food retailers in
restaurants, particularly in developing countries. Growth in demand for refrigerated display cases
will be rapid as well, supported by rising standards of living and increasing proliferation of large
food retailers. The growing number of restaurants, particularly in the fast food segment, will also
spur stronger gains in demand for beverage refrigeration equipment and ice machines. Vending
machine gains will be somewhat slower, reflecting the concentration of vending machine usage
in developed countries.

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world-commercial-refrigeration-equipment-to-2016.html .

Report Details:
Published: January 2013
No. of Pages: 372
Price: US$6200

TABLE OF CONTENTS

INTRODUCTION xii

I. EXECUTIVE SUMMARY 1

II. MARKET ENVIRONMENT 4

III. OILFIELD TECHNOLOGY 42

IV. OVERVIEW 70

V. NORTH AMERICA 104

VI. CENTRAL & SOUTH AMERICA 134

VII. EUROPE 164

VIII. AFRICA/MIDEAST 202

IX. ASIA/PACIFIC 252

X. INDUSTRY STRUCTURE 297

LIST OF TABLES

LIST OF CHARTS
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posted:1/4/2013
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