PUBLISHER: The Business Research Company | PRODUCT CODE: 1527122
PUBLISHER: The Business Research Company | PRODUCT CODE: 1527122
Refrigerated display cases are specialized devices crafted to showcase perishable and temperature-sensitive items effectively. Constructed from robust, hygienic, and non-corrosive materials, these cases are equipped with control systems, lighting, fans, compressors, condensers, and evaporators to uphold a consistent temperature and prevent spoilage.
The primary types of refrigerated display cases include plug-in, semi plug-in, and remote systems. Plug-in refrigeration units necessitate connection to an electrical outlet for operation. They come in diverse designs such as vertical, horizontal, and hybrid configurations, catering to retail stores, restaurants, hotels, supermarkets, convenience stores, and other end-users.
The refrigerated display cases market research report is one of a series of new reports from The Business Research Company that provides refrigerated display cases market statistics, including the refrigerated display cases industry global market size, regional shares, competitors with refrigerated display cases market share, detailed refrigerated display cases market segments, market trends, and opportunities, and any further data you may need to thrive in the refrigerated display cases industry. These refrigerated display cases market research reports deliver a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The refrigerated display cases market size has grown rapidly in recent years. It will grow from $7.4 billion in 2023 to $8.15 billion in 2024 at a compound annual growth rate (CAGR) of 10.2%. The growth observed during the historic period can be attributed to several factors, including increased consumer demand for fresh and perishable foods, heightened awareness of food safety and hygiene standards, the proliferation of supermarket and hypermarket chains, a focus on energy-efficient refrigeration solutions, growing investments in the retail sector, the implementation of environmental regulations and sustainability measures, rising disposable incomes, and the growing demand for ready-to-eat and prepackaged foods.
The refrigerated display cases market size is expected to see rapid growth in the next few years. It will grow to $12.11 billion in 2028 at a compound annual growth rate (CAGR) of 10.4%. The anticipated growth in the forecast period can be attributed to several factors, including increasing demand for both fresh and frozen foods, escalating investments in cold chain infrastructure, rising awareness concerning food safety and hygiene, and growing consumer preference for transparent display cases. Key trends expected during this period encompass the adoption of energy-efficient technologies, the development of smart refrigerated display cases integrating IoT capabilities, advancements in sustainable refrigerants, the incorporation of transparent OLED displays, the creation of modular and customizable refrigerated display solutions, advancements in temperature control technologies, the adoption of augmented reality (AR) features, the development of hybrid refrigeration systems, progress in remote monitoring and inventory management software, the adoption of curved glass designs, and the integration of voice-controlled interfaces in refrigerated displays.
The refrigerated display cases market is poised for growth owing to the increasing demand for frozen and chilled food products. Frozen items are stored below freezing temperatures, while chilled products are kept at cool temperatures without freezing, necessitating specific storage conditions to maintain their quality and safety. The rising popularity of frozen and chilled foods can be attributed to factors such as convenience, advancements in preservation technology, urbanization, busy lifestyles, and efforts to reduce food waste. Refrigerated display cases play a crucial role in presenting frozen and chilled food products attractively, enticing customers with their freshness and variety. These cases contribute to maintaining visually appealing and well-stocked displays, thereby encouraging customer purchases. For instance, the United States Census Bureau reported an increase in sales within the frozen food manufacturing sector from $33.9 million in 2020 to $35.3 million in 2021, accompanied by a slight rise in the annual payroll from $4.1 million to $4.3 million. Hence, the growing demand for frozen and chilled food products is a driving force behind the refrigerated display cases market.
Key players in the refrigerated display cases market are focusing on developing plug-in island cabinets to enhance energy efficiency and reduce environmental impact. These cabinets are self-contained refrigerated display units that can be easily plugged into standard electrical outlets. For instance, in June 2022, Carrier Commercial Refrigeration introduced EasyCube, an energy-efficient plug-in island cabinet. This versatile unit can switch between chilled and frozen refrigeration and features electronic controls, an integrated temperature display, automatic defrost, and drip water evaporation. Its ultra-slim, transparent design with easy-open sliding lids ensures excellent product visibility and accessibility, making it ideal for showcasing seasonal items in promotional store locations.
In September 2022, Due North acquired MTL Cool for an undisclosed amount, aiming to revolutionize refrigeration solutions, enhance customer sales, and create exceptional retail brand experiences. This strategic acquisition enriches Due North's product portfolio and strengthens its position in the market. MTL Cool specializes in designing and manufacturing energy-efficient refrigeration solutions, including refrigerated displays, coolers, and freezers.
Major companies operating in the refrigerated display cases market are Panasonic Corporation, Haier Inc., Daikin Industries Ltd., Carrier Global, Dover Corporation, Hussmann Corporation, Hillphoenix, Metalfrio Solutions, The Vollrath Company LLC, True Manufacturing Co. Inc., AHT Cooling Systems, Hoshizaki America Inc., ISA SpA, Ugur Cooling, Kysor Waren, Epta Corporate, Zero Zone Inc., A/S Vestfrost, Arneg S.P.A, Turbo Air Inc., Orford Refrigeration, Migali, Afinox srl, Dvorson, Fagor Professional
Europe was the largest region in the refrigerated display cases market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the refrigerated display cases market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the refrigerated display cases market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The refrigerated display cases market consists of sales of open display cases, closed display cases, service counters, and bakery display cases. Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Refrigerated Display Cases Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on refrigerated display cases market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for refrigerated display cases ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The refrigerated display cases market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.