Jan. 27, 2014: Refrigerated Display Case Market to Reach $16.3 Billion by 2019
Growth Is Driven by Increased Demand for Replacement Units and New Equipment from the Retail Sector
ALBANY, N.Y. — According to a new market report “Refrigerated Display Cases (Plug-in and Remote) Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2013 - 2019,” published by Transparency Market Research, the global market for refrigerated display cases is forecast to reach $16.3 billion by 2019. This market growth is driven by increased demand for replacement units and new equipment from the retail sector across the globe. Use of refrigerated display cases as merchandisers and storage alternatives is seen as an emerging trend and is expected to drive market growth in the near future.
The global refrigerated display case market was valued at $8.8 billion in 2012 and is expected to almost double in the next six years. The proliferation of the retail network and the rise in consumer spending on convenience products, coupled with development of improved and technologically advanced refrigeration systems, is influencing the way refrigerated display cases are being adopted across the food and beverage and retail industry. The biomedical sector too is seeing increased usage of sophisticated display cases with critical temperature control features.
Global refrigerated display case market growth is forecast to be driven by demand for plug-in or self-contained systems as compared to remote systems. Features such as capital cost saving, freedom to move them as per store layout, reduced time to install, and low turn-around time for new stores, are helping in the large scale adoption of plug-ins versus remote refrigerated display cases, which are preferred by large size stores or those with limited floor space.
On the basis of product design, vertical - front open cases are estimated to dominate the market throughout the forecast period, accounting for 67.8 percent of global market growth. Horizontal - top open (island) cases and other types (semi-vertical/hybrid) are forecast to record comparatively slow growth. The demand for vertical cases is primarily driven by benefits such as low floor space requirements and more display space (per unit area of floor space).
Publication date: 1/27/2014