Multi-Deck Refrigerated Display Cases Market Current Scenario Trends, Comprehensive Analysis and Regional Forecast to 2032
Global sales of multi-deck refrigerated display cases are set to be valued at over US$ 5,937.1 Mn in 2022, with a stable long-term projection, according to latest insights by Future Market Insights (FMI). The report estimates the market to expand at over 5.6% CAGR from 2022–2032.
The increasing usage of multi-deck refrigerated display
cases in retail food and beverage sector will facilitate the market growth.
Increasing disposable income as a result of economic growth has fueled spending
on consumables in various developing economies. Therefore, the increasing
number of middle-class consumers and rising brand consciousness among them have
been driving the market for food and grocery retail sector.
Increasing urbanization has significantly increased the
dependence on the storage and transportation of food & beverages. Moreover,
the growth in number of quick services restaurants is creating conducive
environment for sales of multi-deck refrigerated display cases.
The urban segment is the largest contributor to the overall
revenue generated by the FMCG sector. Many FMCG products have a limited shelf
life and thus require refrigeration. Due to this demand for multi-deck
refrigerated display cases is rising.
Key Takeaways from Multi-Deck Refrigerated Display Cases
Market Study
- By
end-use, retail food and beverage sector is projected to hold over 74%
volume share in the global market in 2022.
- The
remote multi-deck refrigerated display cases will remain top-selling
product category, accounting for 62% of the market share.
- Europe
and North America will remain a primary markets and are expected to
account for over 51% of the demand by 2022.
- By
Case Type, Gravity Coil is most commonly used in Multi-Deck Refrigerated
Display. It is used to keep the product cold through convection heat
transfer.
- Leading
multi-deck refrigerated display cases market players are improving their
manufacturing capabilities in order to offer faster deliveries to
customers. Procurement, collaboration & partnership are among the key
strategies that will encourage market participants to strengthen their
presence.
“The trend of integrating advanced technologies like
digital twin and IOT will positively affect growth in the market. Sales of
multi-deck refrigerated display cases will grow as number of supermarket and
hypermarkets increases globally,” says a Future Market Insights
analyst.
Who is winning?
The multi-deck refrigerated display cases market is
fragmented, in which the key players account for around more than 50 to
60% of the market share. These players are likely to invest in new
technology developments and expansion of their distribution networks in order
to maintain their market presence.
Some of the key players in this industry include but are not
limited to Blue Star Limited, Carrier Corporation, Frigoglass SAIC, Epta S.p.a.
Refrigeration, Dover Corporation, Haier Group, Arneg S.p.A, Illinois Tool Works
Inc. and others
Find More Valuable Insights
The research report analyzes demand for Multideck
Refrigerated Display Cases. The global Multideck Refrigerated Display Cases
market has been analyzed with the COVID-19 impact, various macroeconomic
factors, market trends and market background. As per Future Market Insights,
the market has been analyzed on the basis of types, width, case type, end-use
and region. The report provides qualitative and quantitative information on
various players in this market. This report also tracks the market by both,
supply side and demand factors.
Access Full Report: https://www.futuremarketinsights.com/reports/multi-deck-refrigerated-display-cases-market
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