ShareGlobal display cabinet market to double by 2019
According to a new report published by Transparency Market Research, the world market for refrigerated display cases is expected to almost double in the next six years.
According to a new report published by Transparency Market Research, the world market for refrigerated display cases is expected to almost double in the next six years.
This report, which covers both plug-in and remote units, claims that the market in 2012 was valued at USD 8,780.3m in 2012 and is expected to almost double in next six years to USD 16,283.4m.
An increasing number of retail outlets and a rise in consumer spending on convenience products, coupled with development of improved and technologically advanced refrigeration systems, are influencing the way refrigerated display cases are being adopted across the food and beverage and retail industry.
The biomedical sector is also seeing increased usage of sophisticated display cases with critical temperature control features, the report says .
The growth will be driven by demand for integral, plug-in units rather than remote systems. Vertical, open-fronted cabinets are predicted to dominate the market to 2019, accounting for 67.8% of global display cabinet market growth. Horizontal or island refrigerated display cabinets and other types (semi-vertical/hybrid) are forecast to record comparatively slow growth.
Asia-Pacific is expected to see the fastest growth with a CAGR (Compound Annual Growth Rate) of 11.3% during the forecast period.
This report, which covers both plug-in and remote units, claims that the market in 2012 was valued at USD 8,780.3m in 2012 and is expected to almost double in next six years to USD 16,283.4m.
An increasing number of retail outlets and a rise in consumer spending on convenience products, coupled with development of improved and technologically advanced refrigeration systems, are influencing the way refrigerated display cases are being adopted across the food and beverage and retail industry.
The biomedical sector is also seeing increased usage of sophisticated display cases with critical temperature control features, the report says .
The growth will be driven by demand for integral, plug-in units rather than remote systems. Vertical, open-fronted cabinets are predicted to dominate the market to 2019, accounting for 67.8% of global display cabinet market growth. Horizontal or island refrigerated display cabinets and other types (semi-vertical/hybrid) are forecast to record comparatively slow growth.
Asia-Pacific is expected to see the fastest growth with a CAGR (Compound Annual Growth Rate) of 11.3% during the forecast period.