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2024 U.S. Industry Statistics & Market Forecast - Refrigeration Equipment and Supplies Merchant Wholesalers
Market Size & Industry Statistics
The total U.S. industry market size for Refrigeration Equipment and Supplies Merchant Wholesalers:
Industry statistics cover all companies in the United States, both public and private, ranging in size from small businesses to market leaders.
In addition to revenue, the industry market analysis shows information on employees, companies, and average firm size.
Investors, banks, and business executives use growth rates and industry trends to understand the market outlook and opportunity.
| Statistics | 2019 2020 2021 2022 2023 | |
|---|---|---|
| Market Size (Total Sales/Revenue) |
Order at top of page | |
| Total Firms | ||
| Total Employees | ||
| Average Revenue Per Firm | ||
| Average Employees Per Firm | ||
| Average Revenue Per Employee | ||
Market Forecast
Market forecasts show the long term industry outlook and future growth trends. The following extended five-year forecast projects both short-term and long-term trends.
| Forecast / Industry Outlook | 2024 | 2025 | 2026 | 2027 | 2028 | |
|---|---|---|---|---|---|---|
| Market Forecast ($ millions) | ||||||
| Projected Industry Growth Rate (%) | ||||||
Industry Insights
The Refrigeration Equipment & Supplies Merchant Wholesalers industry is experiencing several key trends that are shaping its future.Firstly, the industry is seeing a rise in demand for energy-efficient refrigeration systems, which are designed to reduce energy consumption and comply with environmental regulations. This trend is driven by increasing concern over climate change and greenhouse gas emissions, as well as rising energy costs.
Secondly, there is a growing trend towards automation and digitalization in the industry. Businesses are adopting new technologies such as automated storage and retrieval systems, robotics, and IoT-enabled sensors to improve operational efficiency and reduce costs.
Thirdly, there is a shift towards more sustainable and environmentally-friendly refrigerants. The industry is moving away from traditional refrigerants such as hydrofluorocarbons (HFCs) and towards natural refrigerants such as carbon dioxide, ammonia, and hydrocarbons.
Fourthly, the industry is experiencing increased competition from online retailers and e-commerce platforms. For wholesalers, this requires a greater focus on customer service, product quality, and pricing competitiveness.
Finally, the industry is also seeing a demand for more customized solutions, as businesses continue to seek ways to differentiate themselves from their competitors. This trend is driving innovation and creativity in product development, as well as a greater focus on customer engagement and partnership.
Product & Services Breakdown
Research products and services in the Refrigeration Equipment and Supplies Merchant Wholesalers industry generating sales. Note that products are broken into categories with different levels of classification.| Product Description | Number of Companies | Sales ($ millions) | Percent of Total Sales |
|---|---|---|---|
Industry Total |
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Copper And Brass |
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Electrical Apparatus And Equipment |
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Electronic Parts And Equipment, Excluding Communications Equipment |
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Forced-Air Heating And Air-Conditioning Equipment And Supplies |
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Central Air-Conditioners |
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Compressors For Air-Conditioners |
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Refrigeration Equipment And Supplies, Including Commercial Refrigerators |
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Commercial Refrigerators |
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Unit Coolers For Commercial Refrigerators |
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Condensing Units For Commercial Refrigerators |
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Refrigerants |
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Other Commercial Refrigeration Equipment And Supplies |
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Service Receipts And Labor Charges, Including Installed Parts |
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Labor Charges For Repair Work |
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U.S. Geographic Distribution: Revenue Statistics by State
Market Size by State ($ millions) indicates how the industry's competition is distributed throughout the country. State-level information can identify areas with higher and lower industry market share than average.
Income Statement (Average Financial Metrics)
Financial metrics provide a snapshot view of a benchmark "average" company. Key business metrics show revenue and operating costs. The data collected covers both public and private companies.| Industry Average | Percent of Sales (Industry Benchmark) | |
|---|---|---|
| Total Revenue | Order at top of page |
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| Operating Revenue | ||
| Cost of Goods Sold | ||
| Gross Profit | ||
Operating Expenses | ||
| Pension, profit sharing plans, stock, annuity | ||
| Repairs | ||
| Rent paid on business property | ||
| Charitable Contributions | ||
| Depletion | ||
| Domestic production activities deduction | ||
| Advertising | ||
| Compensation of officers | ||
| Salaries and wages | ||
| Employee benefit programs | ||
| Taxes and Licenses | ||
| Bad Debts | ||
| Depreciation | ||
| Amortization | ||
| Other Operating Expenses | ||
| Total Operating Expenses | ||
| Operating Income | ||
| Non-Operating Income | ||
| EBIT (Earnings Before Interest and Taxes) | ||
| Interest Expense | ||
| Earnings Before Taxes | ||
| Income Tax | ||
| Net Profit Net Income | ||
Financial Ratio Analysis
Financial ratio information can be used to benchmark how a Refrigeration Equipment and Supplies Merchant Wholesalers company compares to its peers. Accounting statistics are calculated from the industry-average for income statements and balance sheets.| Profitability & Valuation Ratios | Industry Average |
|---|---|
| Company valuation can be measured based on the firm's own performance, as well as in comparison against its industry competitors. These metrics show how the average company in the Refrigeration Equipment and Supplies Merchant Wholesalers industry is performing. | |
| Profit Margin Gross Profit Margin, Operating Profit Margin, and Net Profit Margin. Show company earnings relative to revenues. |
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| Return on Equity (ROE) Return on Equity (ROE) is net income as a percentage of shareholders' equity. Shareholders' Equity is defined as the company's total assets minus total liabilities. ROE shows how much profits a company generates with the money shareholders invested (or with retained earnings). |
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| Return on Assets (ROA) Return on Assets (ROA) is net income relative to total assets. The market research on Refrigeration Equipment and Supplies Merchant Wholesalers measures how efficiently the company leverages its assets to generate profit. ROA is calculated as Net Income divided by Total Assets. |
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| Liquidity Ratios | Industry Average |
|---|---|
| Bankers and suppliers use liquidity to determine creditworthiness and identify potential threats to a company's financial viability. | |
| Current Ratio Measures a firm's ability to pay its debts over the next 12 months. |
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| Quick Ratio (Acid Test) Calculates liquid assets relative to liabilities, excluding inventories. |
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| Efficiency Ratios - Key Performance Indicators | Industry Average |
|---|---|
| Measure how quickly products and services sell, and effectively collections policies are implemented. | |
| Receivables Turnover Ratio If this number is low in your business when compared to the industry average in the research report, it may mean your payment terms are too lenient or that you are not doing a good enough job on collections. |
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| Average Collection Period Based on the Receivables Turnover, this estimates the collection period in days. Calculated as 365 divided by the Receivables Turnover |
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| Inventory Turnover A low turnover rate may point to overstocking, obsolescence, or deficiencies in the product line or marketing effort. |
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| Fixed-Asset Turnover Generally, higher is better, since it indicates the business has less money tied up in fixed assets for each dollar of sales revenue. |
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Compensation & Salary Surveys for Employees
Compensation statistics provides an accurate assessment of industry-specific jobs and national salary averages. This information can be used to identify which positions are most common, and high, low, and average annual wages.| Title | Percent of Workforce | Bottom Quartile | Average (Median) Salary | Upper Quartile |
|---|---|---|---|---|
| Management Occupations | 10% | Order at top of page |
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| Chief Executives | 0% | |||
| General and Operations Managers | 5% | |||
| Business and Financial Operations Occupations | 7% | |||
| Business Operations Specialists | 5% | |||
| Sales and Related Occupations | 23% | |||
| Sales Representatives, Wholesale and Manufacturing | 16% | |||
| Sales Representatives, Wholesale and Manufacturing | 16% | |||
| Sales Representatives, Wholesale and Manufacturing, Except Technical and Scientific Products | 13% | |||
| Office and Administrative Support Occupations | 16% | |||
| Installation, Maintenance, and Repair Occupations | 11% | |||
| Production Occupations | 6% | |||
| Transportation and Material Moving Occupations | 20% | |||
| Motor Vehicle Operators | 6% | |||
| Driver/Sales Workers and Truck Drivers | 6% | |||
| Material Moving Workers | 12% | |||
| Laborers and Material Movers | 11% | |||
| Laborers and Freight, Stock, and Material Movers, Hand | 6% | |||
Refrigeration Equipment and Supplies Merchant Wholesalers Competitor Landscape & Key Companies [PREMIUM]
The most influential companies in the Refrigeration Equipment and Supplies Merchant Wholesalers industry and adjacent industries either have large market share or are developing new business models and methods that could disrupt the status quo. We look at leading and emerging companies in the Refrigeration Equipment and Supplies Merchant Wholesalers industry and adjacent sectors:| Market Leaders: Direct Competitors Companies with the largest market share, focused in this industry |
Market leaders: Diversified Competitors Largest companies that have diversified operations in this and other industries |
| Innovators: Direct Competitors Innovative, Emerging, and Disruptive Companies that may influence the future direction of the industry. |
Innovators: Diversified Competitors Innovators and Disruptors in adjacent industries that may also affect the Refrigeration Equipment and Supplies Merchant Wholesalers industry. |
Source:
Innovation News
- Jan 25, 2024: BHRS Group trademarks "" - Water coolers
- Nov 15, 2022: BHRS Group trademarks "A AVALON" - water filtration devices
- Nov 15, 2022: BHRS Group trademarks "A" - water filtration devices
- Jan 02, 2020: Western Mechanical Solutions patents Systems And Methods For Evaporative Cooling Control
- Jan 02, 2020: Western Mechanical Solutions patents Systems And Methods For Evaporative Cooling Control
- Dec 12, 2019: BHRS Group patents Water Cooler Filter With Secure Bayonet-type Connection
Recent Federal Contracts for Refrigeration Equipment and Supplies Merchant Wholesalers- Mar 29, 2024: MID CITY RESTUARANT EQUIPMENT (Honolulu, HI) awarded $19,216
- Mar 25, 2024: FRANKLIN YOUNG INTERNATIONAL, INCORPORATED (Upland, CA) awarded $40,417
- Mar 22, 2024: INTEGRITY CONTROL SYSTEMS INC (Alabaster, AL) awarded $12,556
- Mar 06, 2024: 1 STOP ELECTRONICS CENTER, INC. (Brooklyn, NY) awarded $125,887
- Feb 23, 2024: MISCELLANEOUS FOREIGN AWARDEES (Washington, DC) awarded $70,190
- Feb 23, 2024: COLD BOX EXPRESS, INC. (Arab, AL) awarded $671,400
- Mar 29, 2024: MID CITY RESTUARANT EQUIPMENT (Honolulu, HI) awarded $19,216
- Mar 25, 2024: FRANKLIN YOUNG INTERNATIONAL, INCORPORATED (Upland, CA) awarded $40,417
- Mar 22, 2024: INTEGRITY CONTROL SYSTEMS INC (Alabaster, AL) awarded $12,556
- Mar 06, 2024: 1 STOP ELECTRONICS CENTER, INC. (Brooklyn, NY) awarded $125,887
- Feb 23, 2024: MISCELLANEOUS FOREIGN AWARDEES (Washington, DC) awarded $70,190
- Feb 23, 2024: COLD BOX EXPRESS, INC. (Arab, AL) awarded $671,400
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