Global Refrigerated Display Cases Market Size
Refrigerated displays Market are commercial cooling devices used in retail outlets of food & beverages including bakeries, dairy shop, supermarkets, and food service providers such as hotels, restaurants, and cafés. The cases are optimal for products which are fresh at a controlled temperature. These display boxes are available in retail outlets. They include glass door food and drink goods, bakery show merchandise, display goods, open display products, multi-deck display case, countertop display cases, island cases, and wall-sited cases. They are available for drinking and fresh goods.
Market Highlights
Global Refrigerated Display Cases Market is expected to project a notable CAGR of 8.87% in 2030.
to surpass USD 21.9 million by 2030 from USD 10.2 million in 2020 at a CAGR of 8% in the coming years, i.e., 2021-30. A growing product innovation and changing technological trends and consumer tastes lead to a growth in new aspects and experimentation are seen in the worldwide refrigerated display case market. Retail is currently competing with e-commerce to gain a bigger part of the share for chilled foods with the implementation of RFID technology guarantees major market growth. The increased demand for cooled food and increased focus on quality are anticipated to push significant market growth as main drivers of economic growth during the time frame of forecast.
Global Refrigerated Display Cases Market: Segments
Customized segment to grow with the highest CAGR during 2020-30
Global Refrigerated Display Cases Market is segmented by product design Type into Customized, Vertical, Horizontal, Hybrid/Semi-Vertical. During the projected timeline, Customized is expected to have the highest market share. One of the notable trends in the refrigerated display case market is the adaptation of fascinating display boxes. Retailers are more likely to adapt refrigerated display cases to certain customer requirements and space available. This trend is projected to remain predominant for medium and large retail stores in global refrigerated displays.
Plug in Refrigerated Display Market segment to grow with the highest CAGR during 2020-30
Global Refrigerated Display Cases Market is divided by product type into Remote Refrigerated Display and Plug in Refrigerated Display. As for value, more than half of the market share of the plug-in device subsection will be reported in the global cooling display market by the end of 2020. More important factors that drive demand for refrigerated displays are low-cost range, easy maintenance, and easy use of plug-in displays.
Global Refrigerated Display Cases Market: Market Dynamics
Drivers
Advancement in Research and development
Ongoing research and development of RDC technologies has generated increased demand in energy-efficient refrigerated products from the commercial food services industries. The growth of the cooling display market is driven primarily by increasing compliance requirements and rising food safety issues. As technological developments take place, prominent brands develop energy-efficient RDCs in various different kinds and designs to meet the growing demands of the commercial food industry.
Demand in a food market
Growth in food and beverage is expected to be driven by increased disposable revenues and changing spending patterns in the economy. In addition, demand for refrigeration towers due to food security is increasing and concerns about hygiene are growing. The demand for desirable displays and new technologies, including 3D printing on the market, are also increasing. The market potential of the food and drink sector's growth in 2020-2030 remains the most compelling.
Restraint
Lack of awareness
In less-developed regions little consciousness and limited acceptance are some factors impeding the growth of refrigerated displays on the market.
Global Refrigerated Display Cases Market: Key Players
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Epta S.p.a Refrigeration
Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis
- S.A, Lennox International
- Dover Corporation
- Illinois Tool Works Inc.
- Hussmann Corporation
- AHT Cooling Systems GmbH
- Frigoglass S.A.I.C
- Hoshizaki International
- ISA Italy S.r.l
- Verco Limited
- Other Prominent Players
Global Refrigerated Display Cases Market: Regions
Global Refrigerated Display Cases Market is segmented based on regional analysis into five major regions. These include North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa.
During the projected timeline, North America ought to have the highest share in the total market for Refrigerated Display Cases. North America will probably continue as retailers make more room for food and drink. Demand for cooled foods continues to expand due to increasing demand in the market for healthy foods and varieties. In addition, it is anticipated, in the developing Asian Pacific region, where countries such as India and China are experiencing a shift in trends and appealing retail growth for people in the refrigeration display market.
Global Refrigerated Display Cases Market is further segmented by region into:
- North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United States and Canada
- Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil, and Rest of Latin America
- Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey and Rest of Europe
- Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia, and Rest of APAC
- Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa and Rest of MENA
Global Refrigerated Display Cases Market report also contains analysis on:
Refrigerated Display Cases Market Segments:
- By End user vertical:
- Media & Entertainment
- BFSI
- E-Commerce
- Hospitality Type
- By Application
- Peer-to-Peer Payment
- Retail
- Trading
- Remittance
- Ecommerce
- Payment
- Refrigerated Display Cases Market Dynamics
- Refrigerated Display Cases Market Size
- Supply & Demand
- Current Trends/Issues/Challenges
- Competition & Companies Involved in the Market
- Value Chain of the Market
- Market Drivers and Restraints
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