Refrigerated Display Cases Market Report Explored in Latest Research

Future Market Insights

Food Industry is the Major Contributor in Refrigerated Display Cases Market

Refrigerated display cases are commercial refrigeration equipment used at food & beverage retail outlets, such as bakeries, dairy stores, grocery stores, wine shops, convenience stores, supermarkets and food service providers, such as hotels, restaurants and cafes. They comprise glass door food & beverage merchandise, bakery display merchandise, deli display merchandise, open display merchandise, multi-deck display cases for beverage and fresh produce, countertop display cases, island cases and wall-sited cases.

Plug-in Device Sub-Segment is expected to Register More than 55% of Market share in Global Refrigerated Display Cases Market

In this report, FMI has segmented the global refrigerated display cases market on the basis of product type, construction, end user, and region. By product type, the refrigerated display cases market is sub-segmented into plug-in device, and remote-operated device. By construction, the refrigerated display case market is sub-segmented into horizontal, vertical, and hybrid. Based on end users, the refrigerated display cases market is sub-segmented into food services sector, and retail food & beverages sector. In terms of value, the plug-in device sub-segment is projected to register more than 55% of the market share at the end of 2017 in the global refrigerated display cases market. Moreover, low price range, low maintenance cost and ease of operation of plug-in display device are the major factors driving the demand for refrigerated display cases. Furthermore, the remote-operated device segment is expected to create a higher increment absolute $ opportunity over the forecast period, as compared to the plug-in device segment.

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Quick Service Restaurant Industry Growth is Creating Vital Opportunity for Refrigerated Display Cases Vendors

Factors such as dining-out culture and changing consumer preference towards quick service restaurants are creating potential growth opportunities for the refrigerated display cases market. Also, an increase in food and beverage production, along with the expansion of cold chain capacities in order to ensure efficient storage and minimize wastage of food is expected to boost demand for refrigerated display cases across the globe over the forecast period. Moreover, the rapid growth of the organized retail sector characterized by the rising number of hypermarkets and supermarkets is expected to boost the growth of the overall food chain, which in turn is expected to boost the overall sales of refrigerated display cases.

Customization of refrigerated display cases is one of the prominent trends observed in the refrigerated display cases market. Retail stores are more inclined towards customizing refrigerated display cases according to the availability of space and customer specific requirements. In global refrigerated display cases market, this trend is anticipated to remain prominent, particularly for medium and large retail stores.

High Cost Associated with Refrigerated Display Cases is one of the Major Challenges for Vendors of Refrigerated Display Cases

On the major factor that is inhibiting the growth of refrigerated display cases market is high cost of refrigerated display cases. Albeit, this factor has comparatively low impact on the refrigerated display cases market growth, but vendors need to focus on maintaining the cost of the refrigerated display cases.

Based on end users, the retail food & beverages sector sub-segment is expected to grow with a decent CAGR of 6.4% in refrigerated display cases market over the forecast period due to the expansion of supermarkets, hypermarkets, and convenience stores in developing countries. Furthermore, the retail food & beverages sub-segment is also expected to capture a large market share in the refrigerated display cases market. In terms of value, the retail food & beverages sub-segment is expected to create an incremental opportunity of US$ 5,992.5 Mn during the forecast period in refrigerated display cases market. Apart from this, food service providers such as caterers and food service chains are increasing expenditure on the deployment of refrigerated display cases in order to cater the growing demand for frozen and chilled food.

Furthermore, the global refrigerated display cases market has been segmented into seven major regions, namely North America, Latin America, Eastern Europe, Western Europe, Asia Pacific Excluding Japan (APEJ), Japan and the Middle East & Africa (MEA). In terms of value, the Asia Pacific excluding Japan refrigerated display cases market is estimated to expand with a CAGR of 9.0% over the forecast period. This growth is attributed to rapid urbanization and rising income levels in countries, such as India, China and South Korea and due to increasing demand for frozen food. Furthermore, the refrigerated display cases market in North America is projected to increase by 1.6X between 2017 and 2027 due to the significant increase in the consumption of frozen foods and refrigerated drinks in the region.

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The key market participants covered in the report include Johnson controls, Epta S.p.a. Refrigeration, Sanden Corporation, Lennox International Inc., Illinois Tool Works, Frigoglass S.A.I.C., United Technologies Corp., AHT Cooling Systems GmbH, Dover Corporation, Arneg S.p.A, and Panasonic Corporation (Hussmann).

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