Global Refrigerated Display Cases Market, By Type; By Number of Shelves; By Design; By Lighting; By Counter Shape; By Door Type; By Sales Channel -Estimation & Forecast, 2017-2030

Global Refrigerated Display Cases Market Analysis and Forecast: Expected to Reach US$ 26.64 Bn, Growing at CAGR of 7.76% by 2030

The Global Refrigerated Display Cases Market report offers a detailed analysis from 2017 to 2030, using 2022 as the base year. The market was valued at US$ 14.83 Bn in 2022, and it is forecasted to reach a value of US$ 26.64 Bn by 2030, with a value CAGR of 7.76%. The market volume size stood at 10,558.98 thousand units in 2022, and it's expected to grow at a CAGR of 6.91%.

Growth Influencers:

The global refrigerated display cases market is primarily driven by an increasing emphasis on regulatory compliance and food safety. As the global food retail industry grows, there's an amplified focus on maintaining the freshness and quality of perishable items. Refrigerated display cases play a crucial role in this scenario by preserving food at optimum temperatures, thereby enhancing food safety and minimizing foodborne diseases.

Government bodies worldwide have introduced stringent regulations concerning food safety and storage, mandating the use of such refrigerated solutions in food and beverage outlets. These regulations, along with consumers' growing awareness and demand for high-quality fresh food, are major drivers propelling the market growth.

Additionally, technological advancements in refrigeration systems, such as energy-efficient solutions and smart connectivity features, are further accelerating the market growth. The adoption of advanced refrigeration technologies not only improves energy efficiency but also aids businesses in complying with environmental regulations, thereby boosting their demand.

However, the market also faces certain constraints. The high upfront cost and subsequent maintenance expenses associated with refrigerated display cases can deter small and medium enterprises from investing in advanced models. These costs can be significant and may pose a challenge to market expansion, especially in price-sensitive markets. This factor needs to be addressed by market players through the development of cost-effective solutions with lower maintenance requirements.

Segments Overview:

The market is segmented by Type, Number of Shelves, Design, Lighting, Counter Shape, Door Type, and Sales Channel.

By Type

• Plug-in
• Remote

By Number of Shelves

• < 2
• 3 to 4
• > 4

By Design

• Countertop
• Floor Standing

By Lighting

• With Lighting (LED)
• Without Lighting

By Counter Shape

• Rectangular
• Curved

By Door Type

• With Door
• Open (No door)
• Vertical Front Open
• Horizontal Top Open
• Hybrid

By Sales Channel

• Food & Beverages Services
• QSRs (Quick service restaurants)
• Cafes & Restaurants
• Bakeries & Ice Cream Parlors
• Others
• Retail
• Supermarket/Hypermarkets
• Convenience Stores
• Others
• Food & Beverage Production
• Others

The Remote category under Type has the highest CAGR of 8.05%. The 3 to 4 category under Number of Shelves holds more than 45% of the market share in 2022. The Countertop segment under Design will cross the mark of US$ 5.71 Bn by 2027 in terms of revenue. With Lighting (LED) under the Lighting segment and the Open (No door) under the Door Type segment both hold the largest market share of more than 65% and 60% respectively in 2022. Lastly, the Retail segment under Sales Channel will cross the mark of US$ 8.65 Bn by 2027 in terms of revenue.

Regional Overview:

The market is broken down into regions including North America, Europe, Asia Pacific, Middle East & Africa, and South America.

By Region

• North America
• The U.S.
• Canada
• Mexico
• Europe
• Western Europe
• The UK
• Germany
• France
• Italy
• Spain
• Rest of Western Europe
• Eastern Europe
• Poland
• Russia
• Rest of Eastern Europe
• Asia Pacific
• China
• India
• Japan
• South Korea
• Australia & New Zealand
• ASEAN
• Rest of Asia Pacific
• Middle East & Africa
• UAE
• Saudi Arabia
• South Africa
• Rest of MEA
• South America
• Argentina
• Brazil
• Rest of South America

North America is expected to cross US$ 7.17 Bn by 2027. Meanwhile, the Asia Pacific region holds the highest CAGR of 8.45%.

Competitive Landscape:

Key players in the market include AHT Cooling Systems GmbH, Carrier Commercial Refrigeration, Epta SpA, Heatcraft Refrigeration Products, Hillphoenix, Hoshizaki International, Liebherr, Marchia, Metalfrio Solutions, Orford Refrigeration, Qingdao Hiron Commercial Cold Chain, Ugur Cooling, Verco Limited, Vestforst, and Zhejiang Xingxing Refrigeration among others. These major players cumulatively hold a market share of approximately 30-40%. Strategic distributor agreements, such as the one between Carrier Commercial Refrigeration and Algidus AB in 2021, serve as key competitive strategies.

Report Insight:

• Detailed overview of the food retail market
• In-depth analysis of market segmentation and regional overview
• Insight into the competitive landscape, including major players and strategic agreements

Questions to be Answered:

• What is the expected market size of the Global Refrigerated Display Cases Market by 2030?
• Which segment is expected to show the highest growth rate and why?
• What are the key market drivers and restraints?
• What strategic measures are key players taking to strengthen their market position?
• How is regulatory compliance affecting the market growth?