Refrigerated Display Cases Market to Grow at CAGR of 9.6% owing to Rise in Number of Retail Stores: Transparency Market Research

Albany - NY, Aug. 17, 2015 (GLOBE NEWSWIRE) -- A new Transparency Market Research report states that the global refrigerated display cases market will expand at a CAGR of 9.6% from 2013 to 2019. In 2013, the market stood at US$8,780.3 million and is anticipated to reach US$16,283.4 million by 2019. The title of the report is "Refrigerated Display Cases Market (Plug-in and Remote) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2013 - 2019" and the report is available for sale on the company website.

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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 food habits of people, which has stimulated the market for RDCs. Additionally, increase in disposable incomes has also augmented the demand for RDCs.

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In terms of product types i.e. on the basis of the refrigeration system, the RDCs market is segmented into plug-in RDCs and remote RDCs. Owing to the demand from medium-sized and small stores that involve small budget floor space and power, demand for plug-in RDCs is predicted to rise faster in comparison to remote RDCs. Additionally, benefits such as low installation time and portability of plug-in RDCs, due to which they can be moved according to a store plan, are amongst the factors further fuelling the demand for plug-in RDCs.

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In terms of product designs, the RDCs market is segmented into horizontal-top open, vertical- front open, and others including semi-vertical and hybrid RDCs. Amongst these, the vertical-front open RDCs are predicted to witness higher demand in comparison to all the other designs owing to the fact that these RDCs, just like plug-in RDCs, are more portable. The unique feature of vertical RDCs in displaying the items in a vertical fashion, by occupying relatively less space and without compromising on the number of items being displayed, is amongst the top reasons for the increase in their demand from small stores.

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In terms of geography, the RDCs market is segmented into Europe, North America, Asia Pacific, and Rest of the World (RoW). Amongst these, Asia Pacific holds high potential for growth of the RDC market, 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 the increased demand for RDCs from this region. On the other hand, Europe and North America are witnessing huge competition owing to these regions having a great dominance of brands, namely Omega Refrigeration, Arctica Showcase Canada Ltd, and ISF Group, among others.

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Some of the key manufacturers of RDCs include Hoshizaki International, Frigoglass, Manitowoc Company, Inc., United Technologies Corporation, and Dover Corporation, among others.

The global refrigerated display cases market is categorized into the following segments:

Refrigerated display cases Market, by Product Type (refrigeration system)

  • Plug-in (self-contained)
  • Remote

Refrigerated display cases Market, by Product Design

  • Vertical - Front Open
  • Horizontal - Top Open
  • Others (Hybrid/Semi-vertical)

Refrigerated display cases Market, by Geography

  • North America
  • Europe
  • Asia-Pacific
  • Rest of the World

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Transparency Market Research (TMR) is a U.S. based provider of syndicated research, customized research, and consulting services. TMR's global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.

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Source:Transparency Market Research