Refrigerated Display Cases Market

Refrigerated Display Cases Market: Remote Operated Devices Expected to Witness Surge in Sales Owing to Better Storage Space Utilisation: Global Industry Analysis 2012 - 2016 and Opportunity Assessment 2017 - 2027

  • 2020-01-15
  • REP-GB-986
  • 34 Tables
  • 141 Figures
  • 331 pages
  • PDF PPT EXCEL
 Refrigerated Display Cases Market

An Incisive, In-depth Analysis on the Refrigerated Display Cases Industry Market

This study offers a comprehensive, 360 degree analysis on the Refrigerated Display Cases Industry market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global Refrigerated Display Cases Industry market across key regions, and offers in-depth commentary and accurate quantitative insights. The study also includes incisive competitive landscape analysis, and provides key recommendations to market players on winning imperatives and successful strategies.

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.

The increasing consumption of frozen food, yoghurt, ready to eat food and alcoholic, non-alcoholic and functional beverages across the globe is further supplementing growth of refrigerated display cases in the market.

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.

refrigerated display cases market

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.

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).

Key Developments in Global Refrigerated Display Cases Market

  • In year 2017, Arneg expanded its 17th manufacturing plant in Russia, covering an area of 20,000 sq m. Arneg Russia will be able to escalate its range of products, including cold rooms, shelving systems, and multi-deck racks, for the display of food and non-food items
  • In May year 2016, Panasonic Corporation announced plans to set up a refrigerator manufacturing facility in India.
  • In Year 2016, Frigoglass SAIC strengthened its product portfolio with hybrid solutions in Africa and set the foundations for developing appealing, competitive coolers.

The report also describes company-specific strategies, key differentiators, market structure and competitive share analysis related to prominent industry stakeholders.

FREQUENTLY ASKED QUESTIONS ABOUT Refrigerated Display Cases Market

What is the growth outlook for the refrigerated display cases market?

Refrigerated display cases are a crucial part of the food and beverage industry. These are used maintain the supply and demand for food and beverages products, and are expected to witness substantial demand in the foreseeable future.

Which segment will gain healthy traction over the coming decade?

By product type, plug-in devices segment is expected to grow at a significant annual rate due to its low cost. Furthermore, by construction, the hybrid segment is projected to grow at a significant rate due to its cutting edge features as compared to horizontal and vertical type refrigerated display cases.

Which end user has sizable potential in the global refrigerated display cases market?

Retail F&B sector holds more than 70% share in the global market. Furthermore, this segment is also projected to grow at significant growth rate in the coming decade owing to changing buying habits of customers and the growing trend of supermarkets, hypermarkets, and convenience stores in developing countries.

What is the degree of competitiveness among global players market?

The global refrigerated display cases market is fragmented due to the presence of numerous glocal players. Players such as Panasonic Corporation, Arneg S.p.A, AHT Cooling Systems GmbH, and Illinois Tools are tier 1 players. Furthermore, these players focus on business expansions, acquisitions, and new product launches in a bid to maintain their brand value in the global market.

Which region has considerable business opportunities for refrigerated display cases market?

Asia Pacific Excluding Japan has significant potential in the global refrigerated display cases market, owing to the presence of numerous supermarkets and hypermarkets in the region. Furthermore, this region is also projected to register noteworthy business opportunity over the forecast period.

Report Synopsis

Future Market Insights offers a 10-year forecast for the global refrigerated display cases market between 2017 and 2027. In terms of value, the refrigerated display cases market is expected to register a single-digit CAGR during forecast period. This study demonstrates the market dynamics of refrigerated display cases and trends globally across seven regions, namely North America, Latin America, Eastern Europe, Western Europe, Asia Pacific Excluding Japan (APEJ), Japan and the Middle East & Africa (MEA), which influence the current nature and future status of the refrigerated display cases market over the forecast period.

Report Description

This research report provides a detailed analysis of the refrigerated display cases market and offers insights about the various factors driving the popularity of refrigerated display cases and their advantages. The report includes an extensive analysis of key industry drivers, challenges, trends and market structure. The market study provides a comprehensive assessment of stakeholder strategies and imperatives for succeeding in the business of refrigerated display cases. The report of refrigerated display cases segregates the market based on product type, construction, end users, and regions globally.

The refrigerated display cases market is expected to witness significant value growth during the forecast period owing to the rapid growth of the organized retail sector characterized by the rising number of hypermarkets and supermarkets

The report starts with an overview of the refrigerated display cases market in terms of value and volume. In addition, this section includes an analysis of the key trends, drivers and challenges from the supply, demand and economy side, which are influencing the refrigerated display cases market.

By product type, the refrigerated display cases market is sub-segmented into plug-in device, and remote-operated device. By construction, the refrigerated display cases 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.

The next section contains a detailed analysis of the refrigerated display cases market across various countries in the region. It provides a market outlook for 2017–2027 and sets the forecast within the context of the refrigerated display cases market, which includes latest technological developments as well as offerings in the refrigerated display cases market. This study discusses the key trends within countries contributing to growth of the market, as well as analyses the degrees at which drivers are influencing this market in each region. The key regions and countries assessed in this report include North America (U.S., Canada), Latin America (Brazil, Mexico, Argentina & Rest of Latin America), Western Europe (EU-5 Countries, BENELUX, NORDIC and Rest of Western Europe), Eastern Europe (Russia, Poland, Rest of Eastern Europe), Japan, APEJ (China, India, ASEAN Countries, Australia & New Zealand, and Rest of APEJ), and Middle East & Africa (GCC Countries, South Africa, Israel, Turkey, Iran, Rest of MEA). The report evaluates the present scenario and the growth prospects of the refrigerated display cases market across various regions globally for the period 2017 –2027. We have considered 2016 as the base year and provided data for the remaining 12 months.

To offer an accurate forecast, we started by sizing the current market of refrigerated display cases, which forms the basis of how the refrigerated display cases market will grow in the future. Given the characteristics of the refrigerated display cases market, we have triangulated the outcome of different types of analysis based on technology trends.

As previously highlighted, the global refrigerated display cases market is split into a number of segments. All the segments in terms of product type, construction, end user, and regions are analysed in terms of basis points to understand the relative contributions of individual segments to market growth. This detailed level of information is important for the identification of various key trends in the global refrigerated display cases market.

In addition, another key feature of refrigerated display cases market report is the analysis of all the key segments in terms of absolute dollar opportunity. This is traditionally overlooked while forecasting the market. However, absolute dollar opportunity is critical in assessing the level of opportunity that a provider can look to achieve, as well as to identify potential resources from a sales and delivery perspective in the global refrigerated display cases market.

In the final section of the report, we have included a competitive landscape to provide clients a dashboard view based on categories of providers in the value chain, their presence in the refrigerated display cases market and key differentiators. This section is primarily designed to provide clients with an objective and detailed comparative assessment of the key providers specific to a segment in the refrigerated display cases market supply chain and the potential players for the same. The report audiences can gain segment-specific vendor insights to identify and evaluate key competitors based on the in-depth assessment of capabilities and success in the marketplace. Detailed profiles of providers are also included in the scope of the report to evaluate their long-term and short-term strategies, key offerings and recent developments in the refrigerated display cases market. Examples of some of the key competitors covered in the report are 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).

Key Segments

By Product Type

  • Plug-In Device

  • Remote-operated Device

By Construction

  • Horizontal

  • Vertical

  • Hybrid

By End Users

  • Food Services Sector

  • Retail Food & Beverages Sector

Key Regions covered:

  • North America
    • U.S.
    • Canada
  • Latin America
    • Brazil
    • Mexico
    • Argentina
    • Rest of Latin America
  • Western Europe
    • EU-5
    • BENELUX (Belgium, Netherlands, Luxembourg)
    • NORDIC (Denmark, Finland, Iceland, Norway, Sweden)
    • Rest of Europe
  • Eastern Europe
    • Poland
    • Russia
    • Rest of Eastern Europe
  • Japan
  • APEJ (Asia Pacific excluding Japan)
    • China
    • India
    • ASEAN Countries
    • Australia & New Zealand
    • Rest of APEJ
  • MEA
    • GCC Countries
    • South Africa
    • Israel
    • Turkey
    • Iran
    • Rest of Middle East & Africa

Key Companies

  • 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

  • Panasonic Corporation (Hussmann)

Refrigerated Display Cases Market Reports - Table of Contents

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