IMARC Group’s report titled “Refrigerated Display Cases Market by Product Type (Plug-In Refrigerated Display Cases, Remote Refrigerated Display Cases), Product Design (Vertical, Horizontal, Hybrid and Semi-Vertical), End Use (Food Service Sector, Retail Food and Beverage Sector), and Region 2024-2032“, The global refrigerated display cases market size reached US$ 16.9 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 34.3 Billion by 2032, exhibiting a growth rate (CAGR) of 7.99% during 2024-2032.
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Factors Affecting the Growth of the Refrigerated Display Cases Industry:
- Technological Advancements and Energy Efficiency:
Modern refrigerated display cases incorporate advanced cooling technologies like variable speed compressors, light-emitting diode (LED) lighting, and improved insulation materials that reduce energy usage while maintaining optimal cooling conditions. These innovations not only lower operational costs for retailers but also align with sustainability goals by reducing the carbon footprint. Furthermore, the integration of the internet of things (IoT) and smart technologies enables remote monitoring and management of these display cases, ensuring efficient temperature control and reducing the risk of spoilage. The demand for energy-efficient solutions is particularly strong in regions with stringent environmental regulations and high energy costs, encouraging the adoption of technologically advanced refrigerated display cases.
- Rise of Cold Chain Logistics:
Cold chain logistics ensure the temperature-controlled transportation and storage of perishable goods from producers to consumers, maintaining product quality and safety. The growing popularity of e-commerce and online grocery shopping are driving the need for robust cold chain solutions, including advanced refrigerated display cases at various points along the supply chain. Retailers and foodservice providers are increasingly investing in refrigerated display cases to support the final stage of the cold chain, where products are displayed for purchase. The continuous rise in cold chain logistics, especially in emerging markets, is catalyzing the demand for efficient and reliable refrigerated display cases.
- Increasing Consumer Demand for Fresh and Perishable Foods:
With a growing awareness about healthy eating and a preference for fresh produce, dairy products, meats, and ready-to-eat (RTE) meals, retailers and foodservice providers are responding by investing in high-quality refrigeration solutions. The popularity of organic and locally sourced foods is also driving the need for effective refrigeration to maintain product integrity. Moreover, the rising consumer expectations for food safety and hygiene are emphasizing the importance of refrigerated display cases in preserving food quality. This trend is particularly pronounced in urban areas, where consumers have higher disposable incomes and a greater inclination towards premium, fresh food offerings.
Leading Companies Operating in the Global Refrigerated Display Cases Industry:
- Afinox srl, Arneg S.p.A.
- Carrier Global Corporation
- Daikin Industries Ltd.
- Danfoss, Epta S.p.A.
- Fagor Professional (ONNERA Group)
- Haier Group Corporation
- Hill Phoenix Inc. (Dover Corporation)
- Hussmann Corporation (Panasonic Corporation)
- ISA SpA
- Turbo Air Inc.
- Zero Zone Inc.
Refrigerated Display Cases Market Report Segmentation:
By Product Type:
- Plug-In Refrigerated Display Cases
- Remote Refrigerated Display Cases
Plug-in refrigerated display cases exhibit a clear dominance in the market, as they offer easy installation, portability, and are suitable for various store layouts, increasing their adoption among retailers.
By Product Design:
- Vertical
- Horizontal
- Hybrid and Semi-Vertical
Vertical represents the largest segment attributed to their space-efficient design, allowing for optimal product visibility and storage in limited retail spaces.
By End Use:
- Food Service Sector
- Quick Service Restaurants
- Bakeries
- Hotels
- Others
- Retail Food and Beverage Sector
- Fuel Station Stores
- Hypermarkets
- Supermarkets
- Discount Stores
Retail food and beverage sector (fuel station stores, hypermarkets, supermarkets, and discount stores) accounts for the majority of the market share due to the increasing consumer demand for fresh produce and chilled products readily available in accessible and visible formats.
Regional Insights:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Europe dominates the market owing to stringent food safety regulations requiring proper food storage solutions and a high concentration of retail chains adopting advanced refrigeration technologies.
Global Refrigerated Display Cases Market Trends:
Retailers and foodservice providers are seeking flexible refrigeration options that can be tailored to their specific needs and store layouts. Modular refrigerated display cases offer the advantage of being easily reconfigured and expanded, allowing businesses to adapt to changing product assortments and seasonal demands.
Additionally, there is a trend of integrating digital technologies, such as digital screens and interactive displays, which enhance the shopping experience of buyers by providing real-time information on product availability, prices, and promotions.
Furthermore, the shift towards smaller, local grocery stores and specialty food shops in urban areas presents an opportunity for compact and aesthetically appealing refrigerated display cases that maximize space efficiency while maintaining high standards of food preservation and presentation.
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