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Refrigerated Display Cases Market 2024 | Size, Share, Trends and Forecast Till 2032

Refrigerated Display Cases Market 2024 | Size, Share, Trends and Forecast Till 2032

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Global Refrigerated Display Cases Market Statistics: USD 34.3 Value by 2032

Refrigerated Display Cases Industry

Summary:

  • The global refrigerated display cases market size reached USD 16.9 Billion in 2023.

  • The market is expected to reach USD 34.3 Billion by 2032, exhibiting a growth rate (CAGR) of 7.99% during 2024-2032.

  • Europe leads the market, accounting for the largest refrigerated display cases market share.

  • Plug-in refrigerated display cases account for the majority of the market share in the product type segment due to their simplicity, functionality, and aesthetic appeal.

  • Vertical holds the largest share in the refrigerated display cases industry.

  • Retail food and beverage sector (fuel station stores, hypermarkets, supermarkets, and discount stores) remains a dominant segment in the market.

  • The rise in consumer preference for fresh and perishable products is a primary driver of the refrigerated display cases market.

  • Technological advancements and energy-efficient improvements are reshaping the refrigerated display cases market.

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Industry Trends and Drivers:

  • Increasing Demand for Perishable Goods in Retail and Foodservice Industries:

The rising consumer preference for fresh and perishable products, such as fruits, vegetables, dairy, and ready-to-eat meals, is impelling the growth of the market. As lifestyles become busier, there is a heightened inclination towards convenience foods that require proper refrigeration to maintain freshness and safety. Supermarkets, grocery stores, and food service establishments are expanding their offerings of fresh produce and chilled items to meet this demand, necessitating advanced refrigerated display solutions. Additionally, the expansion of retail chains into emerging markets further fuels the need for reliable refrigeration systems to ensure product quality and extend shelf life. The emphasis on maintaining stringent food safety standards also compels businesses to invest in high-performance refrigerated display cases. This trend is complemented by the increasing number of health-conscious consumers who prioritize the quality and freshness of their food.

  • Technological Advancements and Energy Efficiency Improvements:

Technological innovations are a pivotal factor propelling the market growth. Modern refrigerated display units incorporate advanced features, such as smart temperature control, real-time monitoring, and internet of things (IoT) connectivity, which enhance operational efficiency and ensure optimal product preservation. These technologies allow retailers to manage inventory more effectively, reduce energy consumption, and minimize waste by maintaining precise temperature settings tailored to specific products. Additionally, the integration of light emitting diode (LED) lighting and improved insulation materials contributes to better energy efficiency, lowering operational costs and meeting stringent environmental regulations. Manufacturers are also focusing on developing modular and customizable display solutions that can adapt to varying retail environments and consumer preferences. These technological advancements not only improve the functionality and aesthetics of refrigerated display cases but also align with the growing emphasis on sustainability and cost-effectiveness.

  • Expansion of Supermarkets and Convenience Stores Globally:

The global expansion of supermarkets and convenience stores is bolstering the market growth. As urbanization increases and disposable incomes rise in emerging economies, there is a significant shift towards organized retail formats that offer a wide range of products under one roof, including perishable goods requiring refrigeration. This expansion is particularly prominent in developing regions where the middle-class population is increasing, leading to higher demand for modern retail infrastructure equipped with advanced refrigeration solutions. Additionally, the proliferation of convenience stores catering to the on-the-go lifestyle of people necessitates compact and efficient refrigerated display cases that can fit into smaller retail spaces while maintaining product quality. The shift towards omnichannel retailing, where online and offline shopping experiences are integrated, also drives the need for sophisticated refrigerated display systems that support diverse sales strategies and enhance customer satisfaction.

We explore the factors propelling the refrigerated display cases market growth, including technological advancements, consumer behaviors, and regulatory changes.

Refrigerated Display Cases Market Report Segmentation:

Breakup By Product Type:

  • Plug-In Refrigerated Display Cases

  • Remote Refrigerated Display Cases

Plug-in refrigerated display cases exhibit a clear dominance in the market due to their ease of installation, lower initial investment costs, and flexibility in power sourcing.

Breakup By Product Design:

  • Vertical

  • Horizontal

  • Hybrid and Semi-Vertical

Vertical represents the largest segment because its space-efficient design maximizes product visibility and accessibility, which is ideal for supermarkets and convenience stores with limited floor space.

Breakup 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 as it needs reliable and high-capacity refrigeration solutions to store a diverse range of perishable products, ensuring freshness and safety for consumers.

Breakup By Region:

  • 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, a well-established retail infrastructure, and a strong emphasis on energy-efficient and technologically advanced refrigeration solutions.

Top Refrigerated Display Cases Market Leaders:

The refrigerated display cases market research report outlines a detailed analysis of the competitive landscape, offering in-depth profiles of major companies. Some of the key players in the market are:

  • 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.

If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.

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