Sales of Refrigerated Display Cases to Reach US$ 16 Bn by 2027, Backed by Demand from Flourishing Food & Beverage Industry
Refrigerated display cases are commercial refrigeration equipment that can be easily found at food & beverage retail outlets. Dairies, supermarkets, grocery stores, and bakeries primarily utilize refrigerated display cases to merchandize and preserve food products as well as beverages. Hence, one of the key factors boosting refrigerated display cases market growth is strong demand coming from the food & beverage industry due to rising consumption of ready-to-eat, ready-to-drink, and grab-and-go products across the globe.
Refrigerated Display Cases Industry Market
Future Market Insights offers a 10-year forecast for the global refrigerated display cases...
According to a recent research report published by Future Market Insights, the refrigerated display cases market is expected to exhibit a CAGR of 6% in the forecast period of 2019-2027.
Key Takeaways of Refrigerated Display Cases Market Study
- In the construction segment, vertical refrigerated display cases have emerged as a popular choice among consumers, owing to the various advantages they offer as compared to other types.
- Plug-in device sub-segment is expected to command nearly 50% share, and this trend is projected to continue over the coming years in the global refrigerated display cases market. Furthermore, low maintenance and servicing cost, ease of operation, and easily availability at low cost are some of crucial factors, which will positively shape up the demand for plug-in display type products in the future.
- Renowned players like Frigoglass SAIC are establishing new manufacturing facilities in the Asia Pacific region owing to easily availability of resources and raw materials, which is a key concern for numerous players in the refrigerated display cases market. In terms of cost structure of refrigerated display cases, raw material accounts nearly 50% share in the overall product.
- Europe is projected to dominate in the global refrigerated display cases market throughout the forecast period. On the other hand, Asia Pacific excluding Japan is projected to hold nearly 1/5 share of the global market and expected to gain healthy traction in the coming years due to rapid developments in the food and beverages industry.
“Quality, cooling capacity, and cost are key purchasing factors that manufacturers should focus on, in order to create aisle for business growth, in the stipulated time,” says an FMI analyst.
Refrigerated Display Cases Market: Competitive Landscape
The global refrigerated display cases market is highly fragmented due to the presence of a large number of local players that offer products for diverse applications. However, tier 1 players account major share in the global refrigerated display cases market, such as Panasonic Corporation, Arneg S.p.A, and AHT Cooling systems GmbH. In addition these players are adopting strategies such as expansions, acquisitions, and production launches, creating challenges for small-scale players.
Retail Outlets Accelerating Global Demand
Increasing food and beverage production, coupled with expansion of cold chain capacities to ensure efficient storage and suppression of food wastage is projected to drive the global refrigerated display cases market growth over the stipulated time period. According to Global Cold Chain Alliance, the global growth of refrigerated warehouse capacity is projected at 20% during 2016-2026.
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The Industrial Automation & Equipment division at FMI adopts a novel approach and innovative perspective in analyzing the global machinery and industrial automation market. A range of FMI’s market research reports offer comprehensive coverage of capital, portable, process, construction, industrial, and special purpose machinery used across manufacturing sector. The team also conducts distinctive analysis about installed base, consumables, replacement, and USP-feature application matrix, making us a prominent voice of authority in the industry. We are associates of choice for established as well as budding industry
About Future Market Insights (FMI)
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