Global Refrigerated Display Cabinets Market to Reach $6.35 Billion by 2015, According to New Report by Global Industry Analysts, Inc.

Share Article

GIA announces the release of a comprehensive global report on Refrigerated Display Cabinets markets. Refrigerated Display Cabinets market is expected to feel the heat of the global economic meltdown, decline in consumer spending, and postponement of new store openings. Economic recovery, replacement demand and increase in consumer spending power remain latent demand drivers that will trigger the global refrigerated display cabinets market to reach $6.35 billion by 2015.

Refrigerated Display Cabinets: A Global Market Report

Visibility of a product is essential for the sale of goods, illustrating the importance of refrigerated display cabinets in food retailing. Refrigerated cabinets are mostly used in supermarkets, hypermarkets and grocery shops, to preserve, store, transport, and display temperature-sensitive products. Increasing number of hotels, restaurants, take-aways, and non-traditional outlets such as kiosks, gas stations, will spur demand for refrigeration equipment such as freezers, coolers, and beverage refrigeration equipment.

There is an increasing trend towards new equipment and technology as global customers are increasingly seeking out refrigeration products that improve food safety, enhance performance, conserve energy, and support environmental goals. Soft market conditions have also drawn increased attention towards the need for utilizing energy more efficiently and conserving energy by way of streamlining food storage and display methods. Additionally, the retail and convenience sectors are transforming their menus to add more gourmet on-the-go foodservice thus requiring new equipment that extend shelf life and enhance product appeal. Demand for Refrigerated Display Cabinets will benefit from rising standards of living, growing middle class, rollout of new retail food outlets across the world, and retailers' ongoing need to expand or renovate existing facilities. The frugal economic environment has made a deep impact on the global food industry and will continue to transform the way in which consumers purchase, retailers promote, and manufacturers invest over the next couple of years. Although challenged by global slowdown, growth will be encouraged by this industry's optimistic long-term trends.

In order to survive in the changing economy, avoid a price war and create more value, manufacturers planned energy-efficient solutions, such as the launch of new products with real added value. Also, many retailers will trash out older refrigeration equipments in favor of newer models and more innovative products. This is particularly the case where high-technology products have such functions that make them unique and exclusive, but are still sold at affordable prices. Consequently, replacement sales, which traditionally represented a minuscule percentage of total equipment demand, are expected to drive overall industry growth.

Remote cabinets represent the most dynamic refrigerated cabinet product segment, with wide deployments across hypermarkets, supermarkets, and discount stores, as stated by the new market research report on Refrigerated Display Cabinets. In comparison, plug-in cabinet market is cyclical and mature, based upon the investment cycles, and find applications primarily in the food &beverage sector. In terms of product segment, demand for walk-in and reach-in cases, and ice making machines will increase due to growing demand from the restaurant sector.

Key players dominating the refrigerated display cabinets market include AFINOX Srl, Ahmet Yar Sogutma Sanayi Ve Ticaret AS, AHT Cooling Systems GmbH, AJ Baker & Sons Pty Ltd., ARNEG S.p.A., Barker Company, Blue Star Limited, Epta SpA, Frigoglass S.A.I.C., Hill Phoenix Inc, Ian Boer Refrigeration Pty Ltd., IARP, Ingersoll Rand Company Limited, Kapso UK Ltd, Lennox International Inc, The Manitowoc Company Inc, Orford Refrigeration Pvt. Ltd., Porkka UK Ltd, Sanden Corporation, United Technologies Corp, Vestforst A/S, and Zero Zone, Inc. among others.

The report titled "Refrigerated Display Cabinets: A Global Market Report" announced by Global Industry Analysts, Inc., provides a comprehensive review of industry overview, regulatory environment, product overview, key market trends & restraints, product introductions/innovations, profiles of major players, and recent industry activity. The report analyzes market data and provides analytics in value sales for US, Europe and Rest of World. The US refrigerated display cabinets market is analyzed by the following product segments - Reach In Cases, Multi Deck Cases, Server Cases, and Island Cases.

For more details about this comprehensive market research report, please visit - http://www.strategyr.com/Refrigerated_Display_Cabinets_Market_Report.asp

About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world's largest market research publishers. The company employs over 800 people worldwide and publishes more than 1100 full-scale research reports each year. Additionally, the company also offers thousands of smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.

Global Industry Analysts, Inc.
Telephone 408-528-9966
Fax 408-528-9977
Web Site http://www.StrategyR.com

###

Share article on social media or email:

View article via:

Pdf Print

Contact Author

Public Relations
Visit website