Global Market for Refrigerated Display Cases
Dublin, June 24, 2022 (GLOBE NEWSWIRE) -- The "Refrigerated Display Cases - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
Some of the factors driving demand in this end-use sector include growing awareness over the importance of visual merchandising as a cost effective way to boost retail sales and its role in encouraging impulse buying among customers; large and ever-growing network of food retailing stores; rising consumer disposable incomes, growing spends on packaged and prepared foods and seismic lifestyle changes encouraging consumption of frozen food products.
Also driving market growth are continuous technology developments which are encouraging equipment replacements and upgrades. Stricter food-safety regulations and quality standards are also driving up the commercial value of advanced RDC models that can preserve food hygienically at specified conditions without microbial or other types of contamination.
Amid the COVID-19 crisis, the global market for Refrigerated Display Cases estimated at US$7.6 Billion in the year 2020, is projected to reach a revised size of US$10.4 Billion by 2026, growing at a CAGR of 5.6% over the analysis period. Plug-In, one of the segments analyzed in the report, is projected to record 6% CAGR and reach US$6.3 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Remote-Operated segment is readjusted to a revised 4.9% CAGR for the next 7-year period.
Plug-in refrigerated display cases represent the fastest growing product type in the global refrigerated display cases market, with the lower capital expenditure driving widespread adoption of the systems among smaller and mid-sized outlets who have limited budgets. Plug-in RDCs enable faster installation, besides being easier to move about within the store, thereby giving store owners the freedom to change floor plans as per convenience or the latest retail market trends.
The Refrigerated Display Cases market in the U.S. is estimated at US$1.7 Billion in the year 2021. China is forecast to reach a projected market size of US$1.2 Billion by the year 2026 trailing a CAGR of 8.4% over the analysis period.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.5% and 4.4% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 4.4% CAGR.
Select Competitors (Total 175 Featured) -
Ahmet Yar Sogutma Sanayi Ve Ticaret AS
AHT Cooling Systems
AJ Baker & Sons
Ian Boer Refrigeration
Koxka Technologies SL
Shandong Xiaoya Retail Equipment
Carrier Kaltetechnik Deutschland
Key Topics Covered:
1. MARKET OVERVIEW
In the Modern Visually Stimulated World, Good Display of Merchandise Rises in Importance
Digital Grocery Alternatives Solely Responsible for the Growth Seen in the Year 2020
Global Food & Beverage Market Reset & Trajectory - Growth Outlook (In %) For Years 2019 Through 2025
Food Supermarkets Bear the Brunt of COVID-19 Disruptions
Food Services Witness a Mixed Bag of Opportunities & Challenges
Refrigerated Display Cases (RDCs): Definition, Scope & Types
Recent Market Activity
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
Digital Grocery & Online Food Orders Accelerated by the Pandemic Comes as a Big Setback for the RDCs Market
Rise in Online Grocery and Food Ordering to Reduce Role of RDCs as Grocery & Cloud Kitchens Turn to Warehousing Styled Refrigerated Cabinets: Global Online Food Delivery Services Market Size (in US$ Billion) for 2019, 2021, 2023 & 2025
Led by Growing Population & Nutrition Needs, Global Food Industry to Offer Broad Based Opportunities for RDCs in Chilled & Frozen Foods Retailing
Growing Population Pushes up Demand for Food and Beverage Products: World Population (in Thousands) by Geographic Region for the Years 2019, 2030, 2050, 2100
Growing Opportunity Offered by Increased Spending on Food & Beverage to Benefit Demand for RDCs: Global Average Food and Beverage Revenue Per Capita (In US$ Million) for Years 2020, 2022, 2024 & 2026
Global Food Consumption (In Million Kilograms) for Years 2020, 2022, 2024 & 2026
Strong Demand for Frozen Foods Bodes Well for Refrigerated Display Cabinets in Brick & Motor Retail Outlets
COVID-19 Sets the Stage for Frozen Food Consumption. Here's Why
Global Opportunity for Frozen Foods by Type (In US$ Billion) for Years 2020, 2022, 2024, 2026
With Over 26% Share in Frozen Foods, Rising Meat Consumption Bodes Well for RDCs in Meat Retailing
Robust Demand for Protein Rich Diets to Drive Demand for RDCs in the Meat Section of Supermarkets: Global Average Per Capita Consumption of Meat & Seafood (In Kgs) for Years 2020, 2022, 2024 & 2026
Robust Demand for Bakery Products to Benefit Demand For RDCs in the Post COVID-19 Period
Growing Investments in Food Retailing to Benefit Growth in the Market
Store Remodelling to Create Replacement Opportunities for RDCs
With Offline Retail Dominating the Food Industry, RDCs Market Although Severely Impacted by COVID-19 Will Also Attract New Upgrade Investments in the Post COVID Period: % Share of Offline & Online Retail Channels in the Global Food Industry for the Year 2020
No Contact Micro Market Food Retailing to Emerge as a Major Trend Post Pandemic, Driving Opportunities for RDCs
Food Safety for Retail Stories: A Major Factor Driving Demand Growth
A Peek Into Technology Innovations Making Waves in the Market
Development of RDCs With IoT Features & Functions Gains Momentum
4. GLOBAL MARKET PERSPECTIVE
For more information about this report visit https://www.researchandmarkets.com/r/p8kp0t
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
CONTACT: CONTACT: ResearchAndMarkets.com Laura Wood, Senior Press Manager email@example.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900