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Refrigerated Display Cases Market with (Covid-19) Impact Analysis: Worldwide Key Industry Segments & Forecast 2022

05-07-2020 06:48 AM CET | Industry, Real Estate & Construction

Press release from: Allied Market Research

Refrigerated Display Cases Market

Refrigerated Display Cases Market

Global Refrigerated Display Cases Market is expected to garner $20.8 billion by 2022, registering a CAGR of 9.8% during the forecast period 2016 to 2022. Refrigerated display cases are cabinets with glass surfaces for items, which require cooling or preservation. The cases are ideal for products requiring a regulated temperature to maintain the freshness.

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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Refrigerated display cases (RDC) are display cabinets with a transparent glass or plastic, facilitating enhanced visibility of the products stored in the case with superior refrigeration capability. Refrigerated Display Cases are gaining significant acceptance from the food and beverage retail sector and are prominently installed in supermarkets, retail stores, grocery stores and bakery shops. Factors such as increasing demand for fresh and hygienic food, ease of self-service, technological advancements and energy efficiency are driving the growth of the RDC market, leading further to the widespread adoption of RDC among customers. Moreover, growth in the RDC market is affected by established markets such as U.S., Europe and Japan, wherein the market is already developed and exhibits minimal opportunities for new installations. Nowadays, environmental threats such as gas leakages, heat emission are areas for growing concerns. These parameters are expected to limit or restrict the adoption of refrigerated display cases in the current market scenario, thereby impeding the growth of the market.

Plug-in RDCs dominates the market in the current scenario, and would continue to consolidate its market in next five years. With increasing demand for bottled and aerated drinks, bottle coolers in plug-in devices are expected to witness the fastest growth. Plug-in RDCs exhibit a higher demand by small scale retailers since the cost of installation, and energy consumption is low, wherein the temperature can be maintained easily. The vertical refrigerated display cases with a stylish interior and exterior body offer temperature adjustments. With a compact floor space and increasing varieties, vertical refrigerated display cases are gaining popularity owing to their mobility and effective maintenance cost.

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Europe and North America are the leading regional markets in the current scenario. Asia-Pacific and LAMEA hold huge growth potential in future. This growth would primarily be driven by the burgeoning retail and commercial sector, technological advancements and innovative product launches coupled with increasing per capita income in the region.

The refrigerated display case market is segmented on the basis of product type, product design and geography. The product type segment includes plug-in and remote RDCs. Plug-in RDCs dominate the overall market and are expected to maintain their dominance throughout the forecast period. The product design segment includes vertical, horizontal and hybrid/semi-vertical RDCs. The segment of Vertical RDCs accounted for maximum revenue share, in 2015 and is expected to maintain its position during the forecast period. Based on geography, the refrigerated display case market is segmented across North America, Europe, Asia-Pacific and LAMEA. Asia-Pacific is expected to exhibit the highest growth in RDC market during the forecast period, owing to the burgeoning economic growth.

Illinois Tool Works Inc., Hussmann International, Ali Group, Carrier Refrigeration and others, are among the top companies generating significant revenues in the Refrigerated Display Cases market. These companies have established a strong global foothold while introducing varieties of RDCs in the market according to the current market demand. The intensity of rivalry among the competitors is moderate, owing to high production cost and emergence of technologically advanced products in the market.

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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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