Global sales of multi-deck refrigerated display cases are estimated to hit US$ 5,937.1 million in 2022, according to the most current Future Market Insights data (FMI). The market will increase at a CAGR of more than 5.6% from 2022 to 2032, according to the analysis.
The increasing use of multi-deck refrigerated display cases in the retail food and beverage sector will contribute to market growth. Rising disposable income as a result of economic expansion has fueled consumer spending in a wide range of developing economies. As a result, the expanding number of middle-class consumers, as well as their improved brand knowledge, has pushed the food and grocery retail sector forward.
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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
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Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favour the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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