Refrigerated Display Cases Market Size Worth USD 36,000 Million By 2030 At 10.1% CAGR Report By Market Research Future (MRFR)
Refrigerated Display Cases Market Size and Trends Research Report – Information by Type (Plug-in, Semi-Plug-in, Remote), by Design (Vertical, Horizontal, Hybrid), and Region (North America, Europe, Asia-Pacific, and Others). world): competitive market growth, size, share, and forecast to 2030.
New York, USA, Jan 30, 2023 (GLOBE NEWSWIRE) -- Refrigerated Display Market Overview
According to the comprehensive Market Research Future (MRFR) research report, Refrigerated Display Market Information by Type, Design and Regional Forecast to 2030 , the market will reach a size of more than USD 36 billion by the end of 2030. The report also expects the market to thrive with a healthy CAGR of over 10.1% during the reporting period.
Market overview
The Refrigerated Display Case (RDC) market has grown rapidly in recent years. With increasing interest in the food retail industry, this growth is expected to continue for years to come. Emerging market economies will have strong growth prospects in the coming years due to population growth and rapid urbanization. Refrigerated display cases are the basis of commercial refrigeration equipment in a supermarket. These are areas where visitors can browse a wide variety of products. While some foods, like deli meats, need to be refrigerated, others, like baked goods, need to be kept at room temperature. RDCs help attract customers by providing a visually appealing display of food and beverage products. Furthermore, the demand for RDC in the global refrigerated display case market has been driven by the expansion of the retail chain and the semi-finished and ready-to-eat trade sector.
At a time when retail is competing with e-commerce for a large share of the refrigerated food market, the introduction of RFID technology promises significant market growth. The market is expected to expand significantly during the forecast period due to increased demand for chilled products and the increasing importance of quality. Remote control micro devices, along with other market research segments, are expected to return to homes and stores as digital development increases the demand for automated systems.
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Scope of the report:
reporting functionality | Details |
Market size in 2030 | 36,000 million US dollars |
CAGR | 10.1% (2022-2030) |
base year | 2021 |
forecast period | 2022-2030. |
Historic information | 2020 |
forecast unit | Value (millions of dollars) |
coverage report | Revenue forecast, competitive landscape, growth drivers and trends |
segments covered | By type, design |
Geographic coverage | North America, Europe, Asia Pacific, and Rest of the World (ROW) |
The main drivers of the market. | Increased demand for frozen food and beverages |
Greater investment in refrigerated display cases |
Competitive Market Environment:
Renowned companies in the refrigerated display cabinets market:
Domestic Market USP:
Market indicators:
A major factor driving the growth of the refrigerated display case market is the need for cost-effective food and beverage processing. Nutritious, fresh and hygienic food products are in increasing demand, which is driving the demand for quality refrigerated display cases. The demand for frozen food and beverages is increasing day by day due to the modern lifestyle that demands quick and easy access to food and beverages, which greatly drives the growth of this segment. Large companies are investing these days in refrigerated display cases, which is the most important opportunity in the market. Large grocery stores are struggling to upgrade their equipment to meet the growing demand. Millions of potential customers are reached through refrigerated display cases, and this activity has attracted the interest of foreign funders.
See In Depth (100 Pages) Cooled Display Market Research Report :
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Market limitations:
Low awareness and limited adoption in less-developed regions are the major factors hampering the growth of the Refrigerated Display Cases market. Lack of customer understanding in the industry is one of the main reasons for limited adoption. In more developed areas, restaurants and hotels are the main users of refrigerated display cases. Also, refrigerated display cases are more commonly used in developed countries, which restricts market expansion in less developed regions. Rising environmental concerns, lack of awareness, and limited adoption in LDCs and the refrigerated display case industry are some of the challenges restricting market growth. Major competitors in the market are creating energy efficient RDCs of various shapes and designs through technical improvements to meet the growing demands of the commercial food industry.
COVID-19 analysis
Manufacturing activity and the supply chain have taken a slight downturn due to the ongoing COVID-19 pandemic, but demand will pick up as the economy recovers from the period of economic tightening that followed the outbreak. The COVID-19 outbreak has significantly affected the global economy on many levels, and the retail sector is feeling the effects as well. Various economies have imposed restrictions and quarantines across the country. Manufacturing operations and the supply chain have taken a slight downturn due to the recent disruption caused by COVID-19. The retail sector is experiencing severe economic impacts as entire sectors are affected by COVID-19. By 2020, the COVID-19 pandemic will affect the refrigerated display market. Supply and demand is expected to cause a significant drop in global growth due to the cancellation of various projects and orders.
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Market segmentation
the second type
Built-in refrigerated display cases dominate the refrigerated display case market.
by design
The market is dominated by the vertical refrigerated display case category.
regional ideas
Europe is the largest and most evenly distributed market for refrigerated display cases. As disposable income grows, so does the demand for home appliances. The market for refrigerated display cases in European countries is mainly determined by the growth of per capita income and the demand for packaged food products. The refrigerated display case market is expected to grow rapidly during the forecast period in the Asia Pacific region. Demand for quick-service restaurants has increased as consumers search for foods to fit their busy lifestyles. This has played an important role in opening up potential sales prospects for refrigerated display cases. Growth prospects will also be created by the expansion of the retail sector, which includes supermarkets, hypermarkets and convenience stores.
The market is being driven by the increased use of smartphones and internet-enabled devices, rising disposable income, and technological advances. Other market drivers include the growing demand for refrigerated display cases in the food service and retail industries. Urbanization has greatly increased reliance on food and beverage storage and transportation. Demand for quick-service restaurants has increased as consumers search for foods to fit their busy lifestyles. This has played an important role in opening up potential sales prospects for refrigerated display cases.
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