Dublin, March 19, 2021 (GLOBE NEWSWIRE) -- The "Refrigerated Display Cases - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
The global market for Refrigerated Display Cases is forecast to reach US$ 15.3 billion by 2024, driven by the rising competition in the retail industry and the resulting focus of retailers on transforming the retail floor into an innovative visually appealing environment conducive for shopping, especially impulse purchases.
Other major factors driving growth in the market include healthy growth of the global food industry; rising popularity of frozen foods and developments in cold chain logistics, and growing investments in food retailing in developing countries, among others.
Europe represents the largest market worldwide. Asia-Pacific ranks as the fastest growing market with a CAGR of 10.5% over the analysis period led by the development of the retail sector in Southeast Asian countries and changing retailing strategies; emergence of eating out as a serious pastime for new millennials; continuously rising urbanization and consumerism and the resulting growth of the supermarket industry; and rapid penetration of smartphones, mobile internet, increase in online food orders, and the resulting expansion of refrigerated display equipment among commercial food service facilities to meet both "serve over counter" and online order delivery services.
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- In the Modern Visually Stimulated World, Good Display of Merchandise Rises in Importance
- Year 2020 Has Been a Year of Astounding Disruption & Unbelievable Transformation
- The First Vaccines Are Here! Will It Change the Existing Economic Realities? & Is it Really the Silver Bullet We Were Waiting For?
- How Food Retailing Is Impacted by the Pandemic & What's the New Normal?
- Digital Grocery Alternatives Solely Responsible for the Growth Seen in the Year 2020
- Food Supermarkets Bear the Brunt of COVID-19 Disruptions
- Food Services Witness a Mixed Bag of Opportunities & Challenges
- Refrigerated Display Cases (RDCs): Definition, Scope & Types
- Recent Market Activity
- Innovations
- World Brands
2. FOCUS ON SELECT PLAYERS(Total 143 Featured):
- AFINOX Srl
- Ahmet Yar Sogutma Sanayi Ve Ticaret AS
- AHT Cooling Systems GmbH
- AJ Baker & Sons Pty Ltd.
- ARNEG SpA
- Beverage-Air Corporation
- Carrier Kaltetechnik Deutschland GmbH
- Colcab
- ColdKit
- Epta SpA
- Hill PHOENIX, Inc.
- Hoshizaki America
- Hussmann Corporation
- Ian Boer Refrigeration Pty Ltd
- IARP
- Lennox International, Inc.
- Metalfrio Solutions SA
- Nakano Refrigerators Co., Ltd
- Shandong Xiaoya Retail Equipment Co., Ltd.
- Verco UK
- Vestfrost A/S
- Viessmann Limited
- Williams Refrigeration
- Zero Zone, Inc.
3. MARKET TRENDS & DRIVERS
- Digital Grocery & Online Food Orders Accelerated by the Pandemic Comes as a Big Setback for the RDCs Market
- Rise in Online Grocery and Food Ordering to Reduce Role of RDCs as Grocery & Cloud Kitchens Turn to Warehousing Styled Refrigerated Cabinets: Global Online Food Delivery Services Market Size (in US$ Billion) for 2019, 2021, 2023 & 2025
- Led by Growing Population & Nutrition Needs, Global Food Industry to Offer Broad Based Opportunities for RDCs in Chilled & Frozen Foods Retailing
- Strong Demand for Frozen Foods Bodes Well for Refrigerated Display Cabinets in Brick & Motor Retail Outlets
- COVID-19 Sets the Stage for Frozen Food Consumption. Here's Why
- With Over 26% Share in Frozen Foods, Rising Meat Consumption Bodes Well for RDCs in Meat Retailing
- Robust Demand for Bakery Products to Benefit Demand For RDCs in the Post COVID-19 Period
- Growing Investments in Food Retailing to Benefit Growth in the Market
- Store Remodelling to Create Replacement Opportunities for RDCs
- With Offline Retail Dominating the Food Industry, RDCs Market Although Severely Impacted by COVID-19 Will Also Attract New Upgrade Investments in the Post COVID Period: % Share of Offline & Online Retail Channels in the Global Food Industry for the Year 2020
- No Contact Micro Market Food Retailing to Emerge as a Major Trend Post Pandemic, Driving Opportunities for RDCs
- Food Safety for Retail Stories: A Major Factor Driving Demand Growth
- A Peek Into Technology Innovations Making Waves in the Market
- Development of RDCs With IoT Features & Functions Gains Momentum
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
- UNITED STATES
- CANADA
- JAPAN
- CHINA
- EUROPE
- FRANCE
- GERMANY
- ITALY
- UNITED KINGDOM
- SPAIN
- RUSSIA
- REST OF EUROPE
- ASIA-PACIFIC
- AUSTRALIA
- INDIA
- SOUTH KOREA
- REST OF ASIA-PACIFIC
- LATIN AMERICA
- ARGENTINA
- BRAZIL
- MEXICO
- REST OF LATIN AMERICA
- MIDDLE EAST
- IRAN
- ISRAEL
- SAUDI ARABIA
- UNITED ARAB EMIRATES
- REST OF MIDDLE EAST
- AFRICA
IV. COMPETITION
- Total Companies Profiled: 119
For more information about this report visit https://www.researchandmarkets.com/r/wcnc5d