Global refrigerated display cabinet market to reach $ 10.4 billion by 2026

FACTS AT A GLANCE
Editing: 20; Posted: January 2021
Executive commitments: 3594
Companies: 175– Players covered include AFINOX Srl; Ahmet Yar Sogutma Sanayi Ve Ticaret AS; AHT Cooling Systems GmbH; AJ Baker & Sons Pty Ltd .; ARNEG SpA; Beverage-Air Corporation; Colcab (Pty) Ltd .; ColdKit; Epta SpA; hill PHOENIX, Inc .; Hoshizaki America; Hussmann Corporation; Ian Boer Refrigeration Pty Ltd; IARP SpA; ISA SpA; Koxka Technologies SL; Lennox International, Inc .; Nakano Refrigerators Co., Ltd; Shandong Xiaoya Retail Equipment Co., Ltd .; Carrier Kältetechnik Deutschland GmbH; Vestfrost A / S; Viessmann Limited; Williams Refrigeration; Zero Zone, Inc. and others.
Blanket: All major geographies and key segments
Segments: Product type (pluggable, remote controlled); Construction (vertical, horizontal, hybrid); End use (food and beverage retail, food service)
Geographies: World; United States; Canada; Japan; China; Europe; France; Germany; Italy; UK; Spain; Russia; Rest of Europe; Asia Pacific; Australia; India; South Korea; Rest of Asia Pacific; Latin America; Argentina; Brazil; Mexico; Rest of Latin America; Middle East; Iran; Israel; Saudi Arabia; UNITED ARAB EMIRATES; Rest of Middle East; Africa.

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ABSTRACT-

Global Refrigerated Display Case Market To Reach $ 10.4 billion by 2026
Refrigerated display cases (RDC) are refrigeration devices, specially developed to display frozen and / or refrigerated food products. CDRs represent vital installations in retail outlets such as grocery stores, supermarkets, hypermarkets, food establishments, restaurants, hotels and gas stations. In the food and beverage sector, the commercial catering market, which includes hotels, restaurants and caterers, is emerging as a strong demand driver for the DRC. Few of the factors driving demand in this end-use industry: a growing awareness of the importance of visual merchandising as a cost-effective way to drive retail sales and its role in encouraging purchases impulsive in customers; extensive and ever-growing network of food retail stores; increased disposable income for consumers, increased spending on packaged and prepared foods, and seismic lifestyle changes encouraging consumption of frozen food products. Continuous technological developments which encourage equipment replacements and upgrades are also driving the market growth. Stricter food safety regulations and quality standards also increase the commercial value of advanced RDC models which can store food hygienically under specified conditions without microbial or other contamination.

Amid the COVID-19 crisis, the global refrigerated display cabinet market estimated at $ 7.6 billion in 2020, is expected to reach a revised size of 10.4 billion USD by 2026, with a CAGR of 5.6% during the analysis period. The plug-in, one of the segments analyzed in the report, is expected to register a CAGR of 6% and reach 6.3 billion USD at the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, the growth of the remote-controlled segment is readjusted to a revised CAGR of 4.9% for the next 7-year period. Plug-in refrigerated display cases represent the fastest growing product type in the global refrigerated display case market, with declining capital expenditure leading to widespread adoption of the systems by small and medium-sized outlets with limited budgets. Plug-in RDCs allow for faster installation, in addition to being easier to move around the store, giving store owners the freedom to change floor plans for convenience or the latest trends in the retail market.

The US market is estimated at $ 1.7 billion in 2021, when China is expected to reach $ 1.2 billion by 2026
The refrigerated display cabinet market in the United States is estimated at $ 1.7 billion in 2021. China, the world’s second-largest economy, is expected to reach an expected market size of $ 1.2 billion by 2026, with a CAGR of 8.4% over the analysis period. Other notable geographic markets include Japan and Canada, each projects growth of 3.5% and 4.4% respectively over the period of analysis. In Europe, Germany is expected to grow by around 4.4% CAGR. After

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