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Refrigerated Display Cases Market was valued at USD 15.8 billion in 2023 and is anticipated to register a CAGR of 4.5% during 2024 to 2032. The expansion of the food retail sector is driving the demand for refrigerated display cases. The rapid growth of retail stores such as supermarkets, hypermarkets and convenience stores globally are boosting the demand for refrigerated display cases. Refrigerated display cases are essential for showcasing a wide range of perishable products such as airy, meats, beverages, and frozen foods which require a minimum temperature to maintain its freshness and safety for consumption. Thus, ongoing expansion of retail is driving the demand for refrigerated display cases.
The growing food and beverage industry such as quick service restaurants, food service outlets there is a need for effective solutions to maintain the products and safety standards. Additionally, technological advancements such as energy efficient systems and digital monitor capability are being adopted by manufacturers to offer convivence to the industries. This innovation not only improves convenience and efficiency but also results in reducing overall costs of industry.
Report Attribute | Details |
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Base Year: | 2023 |
Refrigerated Display Cases Market Size in 2023: | USD 15.8 Billion |
Forecast Period: | 2024-2032 |
Forecast Period 2024-2032 CAGR: | 4.5% |
2032 Value Projection: | USD 23 Billion |
Historical Data for: | 2021-2023 |
No. of Pages: | 145 |
Tables, Charts & Figures: | 247 |
Segments covered: | Display type, cabinet type, door type, technology, application, end use, distribution channel, region |
Growth Drivers: |
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Pitfalls & Challenges: |
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Refrigerated display cases are essential for displaying perishable products in the retail sector and has serval maintenance costs. The continuous operation of these units leads to frequent door openings, which can weaken door seals and other small components. Additionally frequent cleaning is required to keep the products fresh and smell free which leads to extra maintenance costs. Another significant challenge is the high energy consumption of refrigerated display cases. These refrigerated cases must be operated continuously to maintain the temperature for perishable products.
Due to fluctuating conditions the power keeps varying and can give load on condensers and compressors leading to higher consumption level. Manufactures are coming up with energy efficient technologies to minimize energy consumption and reduce the overall operating costs of the business.
There is a growing demand for energy efficient refrigerated display cases primarily focusing in reducing the energy consumption by integrating with innovative technologies such as led lightening, enhanced insulation methods and modern compressors is further contributing to the energy savings by operating more efficiently Manufacturers are also emphasizing the development of smart energy management systems that enable precise monitoring and control of energy usage, further enhancing operational efficiency. By investing in these technologies, manufacturers not only meet regulatory requirements and sustainability goals but also provide cost-effective solutions that benefit retailers through reduced operational expenses.
Based on display type, the self served curved cases segment was worth USD 5.42 billion in 2023 and is projected to reach USD 7.6 billion by 2032. The dominance of self served curved cases is because it offers an optimal visibility from various angles making the prodcuts more attracting and enhancing to consumers. Additionally self served curved cases helps in space optimization of products in the retail sector.Consumers can choose and pick products by their own which can improve their conivenece in busyretail shopping stores. Overall, space optimization, optimal visibility and enhanced convenience makes self-served curved cases dominant in the refrigerated display cases industry.
Based on cabinet type, the single cabinated segment accounted for over 56.9% of the market share in 2023 and is expected to grow at a CAGR of 4.9% through 2032. Single cabinet are highly fixible and moduler which allows retailers to modifty their store spaces easily. Additionaly single cabinet are cost effective and requirers lower maintianence as compared to multideck. Manufactueres have integrated technologies to improve the energy . Advanced effcient compressors and better insualts helps in reducing the energy consumption . These factors make single cabinet the preferred choice for industries and retailers, further contributing to the market growth.
Asia pacific commercial refrigerator market size surpassed USD 7 billion in 2023 and is expected to grow at a CAGR of 5.2%, generating a revenue of USD 10.8 billion by 2032.The Asia Pacific region is experiencing growth of industrialization leading to an expansion of retail stores, supermarkets and hypermarkets whereas thus increasing the demand for refrigerated display cases. Additionally, APAC region is known as technological hub. Manufactures are investing in research and development to create refrigerators display cases which are technologically advanced and energy efficient to meet the growing demand of the region.
The U.S. dominates the North America refrigerated display cases market with a revenue of around USD 2.42 billion in 2023 and is expected to reach around USD 3.21 billion by 2032. The US is dominating due to the well-established retail sectors such as hyper market, supermarket. There is a constant demand from these retail stores for refrigerated display cases, further increasing the growth of the market.
UK dominated the Europe refrigerated display cases market with a revenue of around USD 1.28 billion in 2023 and is expected to reach around USD 1.85 billion by 2032. UK consumers have a stronger demand for frozen foods and ready to eat foods as a result retailers and departmental stores need to stock up the frozen foods where refrigerated display cases meet the growing demand of consumers in the UK region.
In 2023, China dominated the Asia Pacific market with overall revenue of USD 1.57 billion and is expected to reach USD 2.69 billion by 2032. China is experiencing rapid food retail sector growth where there is a demand for refrigerated display cases. Additionally, China is leading manufacturing technologically updated solutions such as smart controls and better environmentally solutions making them appealing to growing market.
Key players involved in the refrigerated display cases market are Carrier corporation refrigeration, Lennox international inc, Dover corporation, Hussmann corporation and Liebherr group collectively held market share of 10-15%. These companies prioritize strategic partnerships and continually introduce new refrigerated display cases to expand their market presence. These companies make significant investments in R&D to bring innovative technologies to their refrigerated display cases, aiming to maximize revenue in the market.
Major players operating in the Refrigerated display cases industry include:
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Market, By Display Type
Market, By Cabinet Type
Market, By Technology
Market, By Door Type
Market, By Application
Market, By End Use
Market, By Distribution Channel
The above information is provided for the following regions and countries: