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Refrigerated Display Cases Market is Expected to Generate Huge Profits By 2022 – Research Methodology & Rapid Growth Till 2022

02-19-2019 10:50 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Allied Market Research

/ PR Agency: Allied Analytics
Refrigerated Display Cases Market

Refrigerated Display Cases Market

The market is expected to grow at a notable pace over the next five to six years, owing to factors such as expanding organized retail sector including supermarkets and hypermarkets, changing food preferences of people, evolving lifestyles and increasing disposable incomes. Moreover, a plethora of new developments in small scale food and retail sector, and inclination towards food safety concerns, are expected to boost the demand for RDCs in the near future. Owing to emission of greenhouse gases like CFCs and HFCs in existing RDCs, various changes are now being adopted with regards to compressor design, specifically in North American and European countries. For instance, 2015 F-gas regulations in Europe has boosted the demand for replacement and retrofitted cases.

Refrigerated Display Cases Market Report, published by Allied Market Research, forecasts that the global market is expected to garner $20.8 billion by 2022, registering a CAGR of 9.8% during the period 2016 to 2022. In terms of revenue, Europe dominates the global RDC market, with revenue share of around 32% in 2015, owing to the presence of an established food and beverage retail sector.

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Europe is a leader in world RDC market, accounting for a share of 32.6% of the overall market revenue in 2015. The region is expected to maintain its leading position throughout the analysis period. From a growth perspective, APAC is anticipated to exhibit the highest growth, with a CAGR of 11.8% during the forecast period.

Refrigerated display cases mostly used in retail stores and food & refreshment industry, for example, general stores/hypermarkets, supermarkets, eateries and hotels and non-routine outlets. RDCs help to attract customers through an attractive visual display of food and drink products. Moreover, expanding retail network and business sector for ready to eat and prepared food items, has fueled the demand for RDCs in the global refrigerated display case market.

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Key Findings of Refrigerated Display Cases Market:
Europe was estimated to be the highest revenue generating region in the RDC Market in 2015, owing to the high adoption of refrigeration solutions in the food and beverages retail market.
Ongoing developments, urbanization, change in food habits and increasing standards of living have promoted the use of refrigerated display cases in Asia-Pacific, which is expected to grow at the fastest rate from 2016 - 2022.
Plug-in RDCs segment dominated the RDC Market, and is expected to witness the highest CAGR of 10.1% during 2016 - 2022.

Some of the leading players in the global market include Metalfrio Solutions S.A, Lennox International, Dover Corporation, Illinois Tool Works Inc., Hussmann Corporation, AHT Cooling Systems GmbH, Epta S.p.a Refrigeration, Frigoglass S.A.I.C, Hoshizaki International, and ISA Italy S.r.l, Verco Limited. Product launches and mergers & acquisitions have emerged as prominent strategies adopted by the leading players. Currently, these companies are focusing on development of energy efficient and eco-friendly RDCs. Companies on the basis of acquisitions and collaborations with new entrants, are working towards maintaining their lead in the market. In 2016, Panasonic Corp. acquired Hussmann, one of the leading manufacturers of refrigerated display cases. This acquisition is expected to be a profitable move for both the companies as Panasonic will get a chance to expand its business foothold in the U.S. market and Hussmann will benefit from Panasonics strong brand image in the Asian Countries.

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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