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Refrigerated Display Cases Market research report published by Allied Market Research, states that the refrigerated display cases (RDC) market is expected to garner $20.8 billion by 2022, with a CAGR of 9.8% during 2016 to 2022. In terms of revenue, Europe dominates the global RDC market, with revenue share of around 32% in 2015, owing to the presence of an established food and beverage retail sector.<br><br>Access Full Summary at : https://www.alliedmarketresearch.com/refrigerated-display-cases-market<br>
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Refrigerated Display Cases Market Global Opportunity Analysis and Industry Forecast, 2016 - 2022
Introduction • Refrigerated display cases mostly used in retail stores and food & refreshment industry, for example, general stores/hypermarkets, supermarkets, eateries and hotels and non-routine outlets. Refrigerated display cases help to attract customers through an attractive visual display of food and drink products. Moreover, expanding retail network and business sector for ready to eat and prepared food items, has fueled the demand for Refrigerated display cases’sin the global market. • The market is expected to grow at a notable pace over the next five to six years, owing to factors such as expanding organized retail sector including supermarkets and hypermarkets, changing food preferences of people, evolving lifestyles and increasing disposable incomes. Moreover, a plethora of new developments in small scale food and retail sector, and inclination towards food safety concerns, are expected to boost the demand for Refrigerated display cases in the near future. Owing to emission of greenhouse gases like CFCs and HFCs in existing Refrigerated display cases, various changes are now being adopted with regards to compressor design, specifically in North American and European countries. Refrigerated Display Cases Market
Current and Future Market Scenario • In 2015, Europe is a leader in world Refrigerated display cases market, accounting for a share of 32.6% of the overall market revenue. • The Refrigerated Display Cases Market has witnessed moderate growth during the past few years and is expected to grow at a CAGR of 9.8% during the forecast period. • Global Refrigerated Display Cases Market is expected to garner $20.8 billion by 2022. • Asia-Pacific is expected to exhibit the highest growth, with a CAGR of 11.8% Refrigerated Display Cases Market
Factors Contributing to Market Growth • Increasing demand for energy efficient refrigerated cases from commercial food service sector, has created the need for continuous research and development in Refrigerated display cases technologies. Increasing regulatory compliances and rising concerns for food safety majorly drive the growth of this market. • Other factors that contribute to market growth are: • Increasing concern for food safety • Environmentally friendly cooling • Emerging applications for drugs dealers and florists • Lifestyle changes • Convenience for consumers Refrigerated Display Cases Market
Market Segments Refrigerated Display Cases Market
Dominating Segments • Europe dominates the global Refrigerated display cases market, with revenue share of around 32% in 2015, owing to the presence of an established food and beverage retail sector. • Vertical Refrigerated display cases dominate the market in the product design segment, constituting around three-fifths of the market revenue in 2015. • Plug-in Refrigerated display cases segment dominated the Refrigerated display cases Market, and is expected to witness the highest CAGR of 10.1% during 2016 - 2022. Refrigerated Display Cases Market
Region Overview • Europe was estimated to be the highest revenue generating region in the Refrigerated display cases Market in 2015 • Europe dominates the global Refrigerated display cases market, with revenue share of around 32% in 2015, owing to the presence of an established food and beverage retail sector. • For instance, 2015 F-gas regulations in Europe has boosted the demand for replacement and retrofitted cases. Refrigerated Display Cases Market
Leading Players • The leading players in the Refrigerated Display Cases Marketare highly focused to expand their business operations in the fast-growing emerging countries with new product launches as the preferred strategy. • Metalfrio Solutions S.A, Lennox International, Dover Corporation, Illinois Tool Works Inc., Hussmann Corporation, AHT Cooling Systems GmbH, EptaS.p.a Refrigeration, Frigoglass S.A.I.C, Hoshizaki International, and ISA Italy S.r.l, VercoLimited are key players in this industry. Refrigerated Display Cases Market
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