Refrigerated Display Cases Market (Updated Version Available)
Refrigerated Display Cases Market Size, Share & Trends Analysis, By Type (Plug-In, Remote, and Others), By Application (Retail Stores, Restaurants & Hotels, and Others), By Region, Forecast Period-2023 - 2030.
Report ID : RI_673905 | Date : July 2023 |
Format : 
Key Market Overview:
The Refrigerated Display Cases Market was valued at USD 15,078.93 Million in 2022, registering a CAGR of 10.3% during the forecast period (2023-2030), and the market is projected to be worth USD 32,168.66 Million by 2030.
Refrigerated display cases refer to refrigeration units that are designed to expose and keep food, beverages, desserts, and others at a low temperature. Refrigerated display cases offer various benefits including superior product view, higher operational efficiency, better organization of products, and availability of various sizes among others. The aforementioned benefits of refrigerated display cases are prime determinants for increasing their utilization in retail stores, restaurants & hotels, and other related applications.
Factors including the increasing investments in expansion of retail stores, rising consumer shift towards frozen and instant food, and growing demand for efficient refrigeration solutions are among the key prospects driving the adoption of refrigerated display cases. Additionally, the increasing application of refrigerated display cases in restaurants & hotels for displaying food items is a significant factor driving the market growth.
In June 2023, LuLu Group introduced its new hypermarket in Coimbatore with the aim of strengthening its presence in South India. Therefore, the expansion of retail stores including hypermarkets, supermarkets, and others is driving the adoption of refrigerated display cases to display chilled food & beverages, which is further driving the growth of the market.
Refrigerated Display Cases Report Coverage:
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Market Dynamics:
Driver:
Growing retail industry is driving the market growth
Refrigerated display cases are primarily used in the retail industry, particularly food retail for displaying chilled and frozen food & beverages as well as keeping it fresh for consumption for a longer period of time.
Factors including the rising investments in expansion of retail stores including hypermarkets/supermarkets, grocery stores, and others along with rising consumer shift towards instant and frozen food are primary aspects driving the growth of the retail industry.
According to the National Retail Federation of United States, the total number of retail establishments in the U.S. reached 1,045,422 as of third quarter of 2020, depicting a significant growth of 4,801 from the second quarter during the same year. Hence, the growing retail industry is driving the adoption of refrigerated display cases in retail stores including grocery stores, hypermarkets/supermarkets, and others for storing and displaying chilled and frozen food & beverages. The above factors are further proliferating the growth of the refrigerated display cases market.
Restraint:
Operational challenges associated with remote refrigerated display cases is restraining the market growth
The integration of remote refrigerated display cases is associated with certain limitations and operational challenges, which is a prime factor limiting market growth.
For instance, remote refrigerated display cases are typically made up of larger systems while compressors and condensers are located at certain distance from the cabinets themselves. As a result, the system has to circulate air and refrigerate through longer lines, in turn leading to greater energy consumption. Moreover, remote refrigerated display cases require longer time for installation as it involves the placement of a separate condensing unit and the execution of numerous long lines that require trenches and drains.
Additionally, remote refrigerated display cases have a fixed location which are harder to service, owing to their larger and complicated structure. Therefore, the operational challenges associated with remote refrigerated display cases are restraining the growth of the market.
Refrigerated Display Cases Market Segmentation:
By Type
The type segment is divided into plug-in, remote, and others.
The plug-in segment contributed to the largest revenue share in 2022. Plug-in refrigerated display cases function in a similar manner to that of household fridges and consist of condenser, compressor, and controller unit that are built in the cabinet itself. Plug-in refrigerated display cases require a power supply for operation. Moreover, plug-in refrigerated display cases offer highly flexible layout changes and eliminate the need for piping installation, or utilization of machinery rooms. The above benefits of refrigerated display cases are increasing its utilization in hypermarkets/supermarkets, grocery stores, and other related applications.
For instance, Lulu Group announced its plan to open several hypermarkets in multiple countries including Saudi Arabia, Kuwait, Indonesia, and others in the upcoming projects. Hence, the rising development of hypermarkets is driving the adoption of plug-in refrigerated display cases, attributing to the aforementioned benefits, in turn contributing to the growth of the segment.
Further, factors including the growing food retail industry and rising investments in development of hypermarkets/supermarkets, grocery stores, and others are key aspects driving the growth of the plug-in refrigerated display cases segment.
Additionally, the remote segment is expected to grow steadily during the forecast period. Remote refrigerated display cases consist of a common central condensing system that supplies refrigerant to several units. The remote refrigerated display cases have a fixed location and are often connected with wires and pipes to the controller unit and central compressor rack. Moreover, remote refrigerated display cases offer various benefits including low noise, lower system energy consumption, wide range of multiplexing options, and large usable volume for products, among others. The above benefits of remote refrigerated display cases are increasing their utilization in commercial refrigeration applications including hotels & restaurants and retail stores, among others.
Furthermore, factors including the growth of the hospitality sector and expansion of restaurants & hotel chains are anticipated to drive the segmental growth of remote refrigerated display cases during the forecast period.
By Application
The application segment is divided into retail stores, restaurants & hotels, and others.
The retail stores segment accounted for largest share in the refrigerated display cases market in 2022. Refrigerated display cases are primarily utilized in retail stores including grocery stores, supermarkets/hypermarkets, bakery stores, and others for displaying chilled and frozen food & beverages and to keep it fresh for consumption for a long duration of time.
Factors including the increasing investments in expansion of retail stores and rising consumer shift towards instant and frozen food are among the key prospects driving the growth of the retail stores segment.
According to TOUS les JOURS International Corp., a bakery chain, has launched multiple stores in over 90 locations across the United States. Therefore, the expansion of retail stores is driving the adoption of refrigerated display cases, in turn fostering the growth of the segment during the forecast period.
By Region:
The regional segment includes North America, Europe, Asia Pacific, Middle East and Africa, and Latin America. The North American region is considered to contribute the largest revenue share in the year 2022. Factors including the prevalence of a large number of retail companies in North America with global distribution operations, rising retail sales, along with the expansion of food retail outlets are driving the market growth in the North American region.
According to the Census Bureau of the Department of Commerce of the U.S., the retail sector in the United States witnessed a considerable growth of 9.1% during the third quarter of 2022 as compared to the previous year. Thus, the growing retail industry is driving the adoption of refrigerated display cases in retail stores including hypermarkets/supermarkets, grocery stores, and others for storing and displaying chilled and frozen food & beverages. The above factors are further boosting the growth of the market in North America.
The Asia-Pacific region is anticipated to witness substantial growth during the forecast period. Factors including the growing food retail industry and rising development of retail stores including supermarkets/hypermarkets, convenience stores, and grocery stores among others are fostering the demand for refrigerated display cases in the region. For instance, according to Invest India, the growth of the retail sector in India is projected to grow by 10% between 2022-2032. The aforementioned factors are positively influencing the demand for refrigerated display cases in the region, thus boosting the market growth in the Asia-Pacific region.
Refrigerated Display Cases Market Competitive Landscape:
The competitive landscape of the market has been analyzed in the report, along with the detailed profiles of the major players operating in the industry. Further, the surge in research and development (R&D), product innovation, various business strategies, and application launches have accelerated the growth of the global refrigerated display cases market. Key players in the market include-
• Carrier
• Hillphoenix (A Dover Company)
• Hussman Corporation
• Daikin Industries
• Epta Corporate
• Frigoglass
• HOSHIZAKI EUROPE B.V.
• ISA SpA
• ARNEG S.P.A
• Fagor Professional
Recent Developments
• In January 2019, Daikin Industries acquired AHT Group, a company specializing in refrigerated display cases in Europe. The acquisition aims at expanding Dakin\'s range of refrigeration products, solution, and services.
The Refrigerated Display Cases Market was valued at USD 15,078.93 Million in 2022, registering a CAGR of 10.3% during the forecast period (2023-2030), and the market is projected to be worth USD 32,168.66 Million by 2030.
Refrigerated display cases refer to refrigeration units that are designed to expose and keep food, beverages, desserts, and others at a low temperature. Refrigerated display cases offer various benefits including superior product view, higher operational efficiency, better organization of products, and availability of various sizes among others. The aforementioned benefits of refrigerated display cases are prime determinants for increasing their utilization in retail stores, restaurants & hotels, and other related applications.
Factors including the increasing investments in expansion of retail stores, rising consumer shift towards frozen and instant food, and growing demand for efficient refrigeration solutions are among the key prospects driving the adoption of refrigerated display cases. Additionally, the increasing application of refrigerated display cases in restaurants & hotels for displaying food items is a significant factor driving the market growth.
In June 2023, LuLu Group introduced its new hypermarket in Coimbatore with the aim of strengthening its presence in South India. Therefore, the expansion of retail stores including hypermarkets, supermarkets, and others is driving the adoption of refrigerated display cases to display chilled food & beverages, which is further driving the growth of the market.
Refrigerated Display Cases Report Coverage:
| Report Attributes | Report Details |
| Study Timeline | 2017-2030 |
| Market Size in 2030 (USD Million) | 32,168.66 million |
| CAGR (2023-2030) | 10.3% |
| Base Year | 2022 |
| By Type | Plug-In, Remote, and Others |
| By Application | Retail Stores, Restaurants & Hotels, and Others |
| By Geography |
|
| Key Players | Carrier, Hillphoenix (A Dover Company), Hussman Corporation, Daikin Industries, Epta Corporate, Frigoglass, HOSHIZAKI EUROPE B.V., ISA SpA, ARNEG S.P.A, Fagor Professional |
Market Dynamics:
Driver:
Growing retail industry is driving the market growth
Refrigerated display cases are primarily used in the retail industry, particularly food retail for displaying chilled and frozen food & beverages as well as keeping it fresh for consumption for a longer period of time.
Factors including the rising investments in expansion of retail stores including hypermarkets/supermarkets, grocery stores, and others along with rising consumer shift towards instant and frozen food are primary aspects driving the growth of the retail industry.
According to the National Retail Federation of United States, the total number of retail establishments in the U.S. reached 1,045,422 as of third quarter of 2020, depicting a significant growth of 4,801 from the second quarter during the same year. Hence, the growing retail industry is driving the adoption of refrigerated display cases in retail stores including grocery stores, hypermarkets/supermarkets, and others for storing and displaying chilled and frozen food & beverages. The above factors are further proliferating the growth of the refrigerated display cases market.
Restraint:
Operational challenges associated with remote refrigerated display cases is restraining the market growth
The integration of remote refrigerated display cases is associated with certain limitations and operational challenges, which is a prime factor limiting market growth.
For instance, remote refrigerated display cases are typically made up of larger systems while compressors and condensers are located at certain distance from the cabinets themselves. As a result, the system has to circulate air and refrigerate through longer lines, in turn leading to greater energy consumption. Moreover, remote refrigerated display cases require longer time for installation as it involves the placement of a separate condensing unit and the execution of numerous long lines that require trenches and drains.
Additionally, remote refrigerated display cases have a fixed location which are harder to service, owing to their larger and complicated structure. Therefore, the operational challenges associated with remote refrigerated display cases are restraining the growth of the market.
Refrigerated Display Cases Market Segmentation:
By Type
The type segment is divided into plug-in, remote, and others.
The plug-in segment contributed to the largest revenue share in 2022. Plug-in refrigerated display cases function in a similar manner to that of household fridges and consist of condenser, compressor, and controller unit that are built in the cabinet itself. Plug-in refrigerated display cases require a power supply for operation. Moreover, plug-in refrigerated display cases offer highly flexible layout changes and eliminate the need for piping installation, or utilization of machinery rooms. The above benefits of refrigerated display cases are increasing its utilization in hypermarkets/supermarkets, grocery stores, and other related applications.
For instance, Lulu Group announced its plan to open several hypermarkets in multiple countries including Saudi Arabia, Kuwait, Indonesia, and others in the upcoming projects. Hence, the rising development of hypermarkets is driving the adoption of plug-in refrigerated display cases, attributing to the aforementioned benefits, in turn contributing to the growth of the segment.
Further, factors including the growing food retail industry and rising investments in development of hypermarkets/supermarkets, grocery stores, and others are key aspects driving the growth of the plug-in refrigerated display cases segment.
Additionally, the remote segment is expected to grow steadily during the forecast period. Remote refrigerated display cases consist of a common central condensing system that supplies refrigerant to several units. The remote refrigerated display cases have a fixed location and are often connected with wires and pipes to the controller unit and central compressor rack. Moreover, remote refrigerated display cases offer various benefits including low noise, lower system energy consumption, wide range of multiplexing options, and large usable volume for products, among others. The above benefits of remote refrigerated display cases are increasing their utilization in commercial refrigeration applications including hotels & restaurants and retail stores, among others.
Furthermore, factors including the growth of the hospitality sector and expansion of restaurants & hotel chains are anticipated to drive the segmental growth of remote refrigerated display cases during the forecast period.
By Application
The application segment is divided into retail stores, restaurants & hotels, and others.
The retail stores segment accounted for largest share in the refrigerated display cases market in 2022. Refrigerated display cases are primarily utilized in retail stores including grocery stores, supermarkets/hypermarkets, bakery stores, and others for displaying chilled and frozen food & beverages and to keep it fresh for consumption for a long duration of time.
Factors including the increasing investments in expansion of retail stores and rising consumer shift towards instant and frozen food are among the key prospects driving the growth of the retail stores segment.
According to TOUS les JOURS International Corp., a bakery chain, has launched multiple stores in over 90 locations across the United States. Therefore, the expansion of retail stores is driving the adoption of refrigerated display cases, in turn fostering the growth of the segment during the forecast period.
By Region:
The regional segment includes North America, Europe, Asia Pacific, Middle East and Africa, and Latin America. The North American region is considered to contribute the largest revenue share in the year 2022. Factors including the prevalence of a large number of retail companies in North America with global distribution operations, rising retail sales, along with the expansion of food retail outlets are driving the market growth in the North American region.
According to the Census Bureau of the Department of Commerce of the U.S., the retail sector in the United States witnessed a considerable growth of 9.1% during the third quarter of 2022 as compared to the previous year. Thus, the growing retail industry is driving the adoption of refrigerated display cases in retail stores including hypermarkets/supermarkets, grocery stores, and others for storing and displaying chilled and frozen food & beverages. The above factors are further boosting the growth of the market in North America.
The Asia-Pacific region is anticipated to witness substantial growth during the forecast period. Factors including the growing food retail industry and rising development of retail stores including supermarkets/hypermarkets, convenience stores, and grocery stores among others are fostering the demand for refrigerated display cases in the region. For instance, according to Invest India, the growth of the retail sector in India is projected to grow by 10% between 2022-2032. The aforementioned factors are positively influencing the demand for refrigerated display cases in the region, thus boosting the market growth in the Asia-Pacific region.
Refrigerated Display Cases Market Competitive Landscape:
The competitive landscape of the market has been analyzed in the report, along with the detailed profiles of the major players operating in the industry. Further, the surge in research and development (R&D), product innovation, various business strategies, and application launches have accelerated the growth of the global refrigerated display cases market. Key players in the market include-
• Carrier
• Hillphoenix (A Dover Company)
• Hussman Corporation
• Daikin Industries
• Epta Corporate
• Frigoglass
• HOSHIZAKI EUROPE B.V.
• ISA SpA
• ARNEG S.P.A
• Fagor Professional
Recent Developments
• In January 2019, Daikin Industries acquired AHT Group, a company specializing in refrigerated display cases in Europe. The acquisition aims at expanding Dakin\'s range of refrigeration products, solution, and services.
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| Multi user | : $5460 |
| Corporate user | : $7460 |
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