Oct. 24, 2011: Refrigerated Display Case Market Forecasted to Reach $5 Billion by 2017
SAN JOSE, Calif. — According to a new report by Global Industry Analysts Inc. (GIA), the global market for refrigerated display cabinets is forecast to reach over $5.34 billion by the year 2017, stimulated by a rise in food retailing, restaurants, take-aways and other non-traditional food outlets such as kiosks and gas stations.
The report says that changing consumer lifestyles, rising expendable income, level of urbanization, and greater demand for premium products bodes well for the commercial refrigeration equipment market. Refrigerated display cabinets are primarily used in supermarkets, hypermarkets and grocery shops to preserve, store, and display temperature-sensitive, frozen, and chilled food products. Visibility of a product is essential for the sale of goods, illustrating the importance of refrigerated display cabinets in food retailing.