The global multi-deck refrigerated display cases market had seen a steady and continuous rise in the demand in the retail food and beverage sector. This is a common trend observed in both developed and developing countries.
Global sales of multi-deck refrigerated display cases are set to be valued at over US$ 5,937.1 Mn in 2022, with a stable long-term projection, according to latest insights by Future Market Insights (FMI). The report estimates the market to expand at over 5.6% CAGR from 2022-2032.
The increased use of multi-deck refrigerated display cases in the retail food and beverage sector will aid market growth. Increasing disposable income as a result of economic growth has fueled consumer spending 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 driving the food and grocery retail sector.
The growing reliance on food and beverage storage and transportation has increased significantly. Furthermore, the increase in the number of quick service restaurants is creating a favourable environment for the sale 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.
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Key Takeaways from Multi-Deck Refrigerated Display Cases Market Study
“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.
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Global Multi-Deck Refrigerated Display Cases Market by Category
By Type, the Global Multi-Deck Refrigerated Display Cases Market is segmented as:
By Width, the Global Multi-Deck Refrigerated Display Cases Market is segmented as:
By End-Use, the Global Multi-Deck Refrigerated Display Cases Market is segmented as:
By Case Type, the Global Multi-Deck Refrigerated Display Cases Market is segmented as:
By Region, the Global Multi-Deck Refrigerated Display Cases Market is segmented as:
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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.
Future Market Insights (ESOMAR certified 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.
Multi-Deck Refrigerated Display Cases Market Share , Multi-Deck Refrigerated Display Cases Market Trends
Aug 30, 2022