Market Scope

Market Research Future (MRFR) says that by 2030, the refrigerated display cases market could be worth nearly USD 36,000 million, with a CAGR of 10.1% from 2022 to 2030.

Segmental Review 

Plug-in, semi-plug-in, and remote are the key product-based segments considered in the study. Plug-in refrigerated display cases head the worldwide Refrigerated Display Cases Market Overview.

The global market, with respect to design, caters to vertical, horizontal, as well as hybrid. The market is led by the vertical refrigerated display cases category.

Regional Insight

The Asia Pacific Refrigerated Display Cases Market has been growing at an impressive rate, The market benefits from increased usage of smartphones and other internet-enabled devices, the surge in disposable income, and technical improvements. Other market drivers include the rising need for refrigerated display cases in food and retail services.

The largest and most evenly dispersed Refrigerated Display Cases Market Size is in Europe. As disposable incomes have expanded, so has the demand for home appliance products. The market for refrigerated display cases in European nations is primarily driven by the rise in per-capita income and the demand for packaged food goods.

North America is yet another crucial market as foods and drinks take up a lot of shop space. With the escalating consumer desire for healthful foods and an increase in available variety, demand for refrigerated foods is on the rise. Additionally, the market is anticipated to expand into the Asia Pacific, where nations like India and China are experiencing a trend reversal, making retail expansion more attractive for those in the refrigerated display cases industry.

Major Boosters and Restraints

Some of the factors fostering the market demand include surging consumer disposable incomes, escalating spending on packaged and ready-to-eat foods, tremendous lifestyle changes that encourage the consumption of frozen food products, and growing awareness of the importance of visual merchandising as a cost-effective way to boost retail sales and its role in encouraging impulse buying among customers.

Continuous technological advancements that encourage equipment replacements and upgrades are other important factors that is bolstering industry expansion. The commercial significance of sophisticated RDC models that can preserve food hygienically at certain conditions without microbiological or other types of contamination is also increasing as a result of stricter food safety rules and quality standards.

On the downside, the challenges slowing down the industry expansion can be the mounting environmental concerns, little awareness and limited adoption in less developed countries, and the bakery glass display case that doesn't require chilling. Therefore, thanks to technological advancements, the top market rivals are now producing energy-efficient RDCs in a range of shapes and styles to satisfy the soaring demand for low-cost freezer display cases to attract the smaller players in the commercial food industry.

Renowned Firms

Daikin Industries Ltd, Danfoss, Epta S.p.a. Refrigeration, Dover Corporation, Frigoglass SAIC, Arneg, Illinois Tool Works, Carrier Corporation, Fagor Industrial, and Haier Group are some of the most reputed developers of refrigerated display cases in the worldwide industry.

There are many tier-1 firms in the market, along with a few local suppliers who can boast of broad product offerings. Companies like Frigoglass SAIC, Danfoss, and Carrier Corporation are dominating the global market thanks to their distinctive products, great brand recognition, and stable financial standing.

The majority of the competitors invest a lot of money on R&D while simultaneously being concerned about reducing their environmental impact. Along with these tactical actions, they develop new products, form partnerships, and make acquisitions to strengthen their market position and expand their customer base.

Recent Developments

September 2022

Commercial refrigerated display case developer, MTL Cool (Quebec) has been acquired by Due North, the recently formed operating firm from the merger of Minus Forty and QBD.

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