ShareRefrigerated display cases/cabinets market
In 2013, the market stood at USD 8,780.3 million and is anticipated to reach USD 16,283.4 million by 2019.
A new Transparency Market Research report states that the global refrigerated display cases market will expand at a Compound annual growth rate (CAGR) of 9.6% from 2013 to 2019. In 2013, the market stood at USD 8,780.3 million and is anticipated to reach USD 16,283.4 million by 2019.
Refrigerated display cases/cabinets (RDCs) are refrigerators or freezers that have been particularly designed for displaying as well as storing temperature-sensitive food products and products that require to be stored frozen or chilled. Owing to the increasing number of cafes, bakery outlets, restaurants, and retail stores, there has been a shift in the consumers food habits, which has stimulated the market for RDCs. Additionally, increase in disposable incomes has also given rise to the demand for RDCs.
In terms of geography, the RDCs market is segmented into Europe, North America, Asia Pacific and the Rest of the World (RoW). Amongst these, Asia Pacific represents high potential RDC market expansion, as this region’s economic growth is on the rise. Here, the commercial sector, particularly restaurants, catering, hotels and retail, is expanding swiftly, resulting in increased demand for RDCs from this region. On the other hand, Europe and North America are witnessing huge competition owing to these regions having strong brand dominance, namely Omega Refrigeration, Arctica Showcase Canada Ltd, and ISF Group, among others.
Some of the key manufacturers of RDCs include Hoshizaki International, Frigoglass, Manitowoc Company, Inc., United Technologies Corporation and Dover Corporation, among others.
Source: www.industrytoday.co.uk
Refrigerated display cases/cabinets (RDCs) are refrigerators or freezers that have been particularly designed for displaying as well as storing temperature-sensitive food products and products that require to be stored frozen or chilled. Owing to the increasing number of cafes, bakery outlets, restaurants, and retail stores, there has been a shift in the consumers food habits, which has stimulated the market for RDCs. Additionally, increase in disposable incomes has also given rise to the demand for RDCs.
In terms of geography, the RDCs market is segmented into Europe, North America, Asia Pacific and the Rest of the World (RoW). Amongst these, Asia Pacific represents high potential RDC market expansion, as this region’s economic growth is on the rise. Here, the commercial sector, particularly restaurants, catering, hotels and retail, is expanding swiftly, resulting in increased demand for RDCs from this region. On the other hand, Europe and North America are witnessing huge competition owing to these regions having strong brand dominance, namely Omega Refrigeration, Arctica Showcase Canada Ltd, and ISF Group, among others.
Some of the key manufacturers of RDCs include Hoshizaki International, Frigoglass, Manitowoc Company, Inc., United Technologies Corporation and Dover Corporation, among others.
Source: www.industrytoday.co.uk