Refrigerated Display Cases Market Supported by Small and Medium Stores, Market to Reach US$16,283.4 Million By Transparency Market Research
Albany,NY (PRWEB) February 20, 2015 -- The global refrigerated display cases market is expected to grow at a CAGR of 9.6% from 2013 to 2019. The market was valued at US$8,780.3 million in 2012. The market is expected to reach a total worth of US$16,283.4 million by the year 2019.
Transparency Market Research has published a new research report, titled “Refrigerated Display Cases Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2013 - 2019”. The report aims to create a comprehensive picture of the global refrigerated display cases market in terms of important company profiles, historical and projected statistics, and governing factors.
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Global refrigerated display cases market is being promoted largely due to the expanding retail store network, a changing consumer lifestyle that opts for convenient food choices, and a growing number of people with increasing disposable incomes.
The report especially focuses on the increasing demand from small- to medium-sized stores. The sector usually provides limited floor space as well as investment, but will provide sufficient support due to a heavy demand.
Among the various types of refrigerated display cases, vertical RDCs are expected to witness higher demand than horizontal RDCs, due to the low amount of floor space they occupy, thus generating more display space per square unit of area. Other advantages they provide include ease of mobility and low installation time. Vertical RDCs are also preferred by store owners due to their demand for storing no-sub-zero items and also due to the higher sales rate offered.
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The vertical and open-front RDCs are expected to hold 67.8% of the market share in the report’s forecast period of 2013 to 2019.
The geographical segmentation employed by the report for the global refrigerated display cases market shows that Asia Pacific is the most promising region. It is set to grow at a CAGR of 11.3% from 2013 to 2019. Emerging nations from this region are encouraging the market’s growth due to their expanding commercial sectors including hotels, restaurants, and catering. The commercial sectors are showing high demand from cold merchandisers.
North America and Europe are currently saturated regions in the global refrigerated display cases market. They are set to experience heavy competition from other regions due to a steep difference in growth rates.
The global refrigerated display cases market contains mainly regionally dominating players. North America and Europe are dominated by companies such as Omega Refrigeration, ISF Group, and Arctica Showcase Canada Ltd.
Other top regional companies in the global refrigerated display cases market include Blue Star Limited, Hussmann Corporation, Beverage-Air Corporation, Sandean Corporation, United Technologies Corporation, Manitowoc Company, Inc., Dover Corporation, Hoshizaki International, and Frigoglass.
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