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:
- Stringent Food Safety Regulations:
Many food safety regulations require specific temperature ranges for storing perishable food items to inhibit bacterial growth and maintain food quality. Refrigerated display cases are designed to meet these precise temperature requirements, ensuring compliance and preventing spoilage. Moreover, retailers and food service providers face regular health inspections to ensure compliance with food safety standards. The use of modern and efficient refrigerated display cases can help businesses pass these inspections by maintaining the necessary environmental conditions for food safety.
- Technological Advancements:
Modern refrigerated display cases are designed to consume less energy, which is a critical factor given the high operational costs associated with running refrigeration systems continuously. Features like light-emitting diode (LED) lighting, more efficient cooling systems, and better insulation materials help reduce electricity usage and lower operating costs for retailers. Furthermore, innovations in display technology mean that modern refrigerated display cases offer better visibility and lighting, which makes products more appealing. High-definition (HD) glass, anti-fogging technologies, and specialized lighting are technology that enhances product presentation.
- Thriving Retail Sectors:
As retail spaces, particularly supermarkets and convenience stores, are expanding, the demand for refrigerated display cases is naturally increasing. These cases are essential for properly storing and displaying perishable goods, such as dairy products, meat, and ready-to-eat (RTE) meals, which are stocked by retailers to meet individual demand. In addition, there is a growing individual preference for fresh foods, including fruits, vegetables, dairy products, and freshly prepared meals. Refrigerated display cases play a crucial role in the preservation and attractive presentation of these products, which encourages impulse buys and helps maintain product quality.
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:
Advanced technologies integrate smart features, such as temperature control, humidity control, and defrost mechanisms, that can be remotely monitored and adjusted through smartphone apps or centralized management systems. These features help ensure optimal conditions for food preservation, enhance safety, and reduce the risk of product spoilage.
Moreover, the integration of Internet of Things (IoT) technology allows for better data collection and analysis. This can include tracking customer interactions with the display case, monitoring stock levels, and analyzing product performance. Such data is invaluable for optimizing inventory management and improving sales strategies.
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