In 2023, the first year after the easing of pandemic restrictions, the display cabinet industry underwent significant changes. Key impacts include:         

1. Market Demand Shifts:

• The growth of convenience stores and the cold chain industry drove the continued increase in demand for commercial display cabinets.

• The recovery of the catering industry also boosted demand for commercial display cabinets, especially for refrigerated and frozen displays to store and showcase food and beverages.

• The household cold cabinet market experienced adjustments, with a decline in market size following the easing of pandemic-related stockpiling. However, there was a notable trend of product upgrades, with large-capacity and upright cold cabinets rapidly gaining popularity.                                                                             

2. Technological Innovation and Upgrades:

• The display cabinet industry is undergoing a transformation towards intelligence and technological upgrades. Companies are investing in research and development to launch smart display cabinets that offer better refrigeration and features such as remote monitoring and automatic temperature control.

• These innovations not only enhance user convenience but also reduce energy consumption, aligning with current green development trends.

3. Changes in Market Competition:

• Market concentration in the cold cabinet industry declined, with more competitors and product options emerging.

• Small and medium-sized enterprises are seeking opportunities in niche markets through price competition and differentiation strategies.

4. Supply Chain and Logistics Recovery:

• Global supply chains gradually returned to normal following the pandemic, alleviating supply disruptions of raw materials and components.

• This helped reduce production costs and improve efficiency in the display cabinet industry.

• Additionally, the pressure of increased logistics costs during the pandemic eased, contributing to lower transportation costs and higher profit margins for the industry.                                                                                                                          

In summary, the easing of pandemic restrictions in 2023 had a profound impact on the display cabinet industry, shaping its new landscape and development trends through changes in market demand, technological innovation and upgrades, market competition, and supply chain and logistics recovery.