According to the most recent Future Market Insights data, global sales of multi-deck refrigerated display cases are expected to exceed US$ 5,937.1 million in 2022, with a stable long-term prediction (FMI). According to the analysis, the market will grow at a CAGR of more than 5.6% from 2022 to 2032.
The growing use of multi-deck refrigerated display cases in the retail food and beverage sector will help the market grow. Rising disposable income as a result of economic expansion has driven consumer expenditure in a variety of developing economies. As a result, the growing number of middle-class consumers, as well as their increased brand awareness, have been propelling the food and grocery retail sector.
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A list of Key Players Covered in the Multi-Deck Refrigerated Display Cases Market are:
- Blue Star Limited
- Carrier Corporation
- Frigoglass SAIC
- Epta S.p.a. Refrigeration
- Dover Corporation
- Haier Group
- Arneg S.p.A
- Illinois Tool Works Inc.
- Daikin Industries, Ltd.
- Fagor Professional
Increasing urbanization has significantly increased the dependence on the storage and transportation of food & beverages. Moreover, the growth in number of quick services restaurants is creating conducive environment for sales of multi-deck refrigerated display cases.
The urban segment is the largest contributor to the overall revenue generated by the FMCG sector. Many FMCG products have a limited shelf life and thus require refrigeration. Due to this demand for multi-deck refrigerated display cases is rising.
Key Takeaways from Multi-Deck Refrigerated Display Cases Market Study
- By end-use, retail food and beverage sector is projected to hold over 74% volume share in the global market in 2022.
- The remote multi-deck refrigerated display cases will remain top-selling product category, accounting for 62% of the market share.
- Europe and North America will remain a primary markets and are expected to account for over 51% of the demand by 2022.
- By Case Type, Gravity Coil is most commonly used in Multi-Deck Refrigerated Display. It is used to keep the product cold through convection heat transfer.
- Leading multi-deck refrigerated display cases market players are improving their manufacturing capabilities in order to offer faster deliveries to customers. Procurement, collaboration & partnership are among the key strategies that will encourage market participants to strengthen their presence.
“The trend of integrating advanced technologies like digital twin and IOT will positively affect growth in the market. Sales of multi-deck refrigerated display cases will grow as number of supermarket and hypermarkets increases globally,” says a Future Market Insights analyst.
Who is winning?
The multi-deck refrigerated display cases market is fragmented, in which the key players account for around more than 50 to 60% of the market share. These players are likely to invest in new technology developments and expansion of their distribution networks in order to maintain their market presence.
Some of the key players in this industry include but are not limited to Blue Star Limited, Carrier Corporation, Frigoglass SAIC, Epta S.p.a. Refrigeration, Dover Corporation, Haier Group, Arneg S.p.A, Illinois Tool Works Inc. and others
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Global Multi-Deck Refrigerated Display Cases Market by Category
By Type:
- Plug-In Multi-Deck Refrigerated Display Case
- Semi Plug-In Multi-Deck Refrigerated Display Case
- Remote Multi-Deck Refrigerated Display Case
By Width:
- Up to 4ft Multi-Deck Refrigerated Display Case
- 4 to 6ft Multi-Deck Refrigerated Display Case
- 6 to 10ft Multi-Deck Refrigerated Display Case
- Above 10ft Multi-Deck Refrigerated Display Case
By End-Use:
- Food Service Sector
- Quick Service Restaurants
- Bakeries
- Hotels
- Others
- Retail Food and Beverage Sector
- Fuel Station Stores
- Hypermarkets
- Supermarkets
- Discount Stores
By Case Type:
- Forced Air Type Multi-Deck Refrigerated Display Case
- Gravity Coil Type Multi-Deck Refrigerated Display Case
By Region:
- North America
- Latin America
- Europe
- Asia Pacific
- The Middle East and Africa
- China
- Japan
- South Korea
About Future Market Insights, Inc.
Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.
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