Future Market Insights (FMI) has estimated the global multi-deck refrigerated display cases market is likely to be worth USD 6,243.38 million in 2023. The revenue from sales of multi-deck refrigerated display cases is likely to cross a valuation of USD 10,766.1 million by 2033, expanding at a CAGR of 5.6% through 2033.
Developing low global warming potential refrigerants has always been a primary aim of the refrigeration industry. This has in turn led to difficulties in downstream uses. As a result, manufacturers have been focusing on designing safer and more cost-effective ways to fulfill industry-specific needs, which has led to the development of multi-deck refrigerated display cases.
FMI has identified Europe to be the leading multi-deck refrigerated display cases market, followed by North America, due to the presence of well-established companies. The global multi-deck refrigerated display cases market was nearly 53% of the refrigerated display cases market based on value as of 2022.
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Urbanization has made the demand for the storage and transportation of food & beverages more acute. Currently, there is a high demand for fast-food stores that can offer meals on the go to customers. This is the key factor driving fast-service restaurant sales growth. This also has been fueling the demand for multi-deck refrigerated display case sales.
Also, the expansion of the retail sector including supermarkets, hypermarkets, and convenience stores is likely to create growth opportunities. These sales channels require proper utilization of space and at the same time maintenance of the interior environment. This has pushed the demand for multi-deck refrigerated display cases with a remotely located condenser so that there is no heat dissipation in the store interior and at the same time more storage space is available.
| Attribute | Details |
|---|---|
| Multi-Deck Refrigerated Display Cases Market Analysis Estimated Year Value (2023E) | USD 6,243.38 million |
| Multi-Deck Refrigerated Display Cases Market Analysis Projected Year Value (2033F) | USD 10,766.1 million |
| Value CAGR (2023 to 2033) | 5.6% |
| Collective Value Share: Top 3 Countries (2023E) | 32% |
The global multi-deck refrigerated display cases market has seen a steady and continuous rise in demand in the retail food and beverage sector. This is a common trend observed in both developed and developing countries. Increasing disposable income as a result of economic growth has fueled spending on consumables.
During the past four years, multi-deck refrigerated display case sales grew at a CAGR of 2.3% (2018 to 2022) and are further projected to grow by 5.6% in the year 2023.
Rising demand and surging awareness have led to higher retail spending in India and China. Supermarkets and hypermarkets are gradually expanding their consumer base in these locations, creating promising prospects for the multi-deck refrigerated display case market.
Over the past few years, there has been a considerable increase in the demand for multi-deck refrigerated display cases. To cater to the increasing demand, manufacturers are focusing on expanding their production capacity.
One of the primary drivers affecting the multi-deck refrigerated display cases market growth is the demand for fast-moving consumer products, also referred to as FMCG. The urban segment is the largest contributor to the overall revenue generated by the FMCG sector. The multi-deck refrigerated display cases market is likely to grow by 5.4% in terms of volume over the assessment period of 2023 to 2033.
Growing urbanization has significantly increased dependence on the storage and transportation of food and beverages. Moreover, a substantial increase in the number of quick-service restaurants worldwide is creating a high-growth opportunity for the market.
Rising per capita income and urbanization, and an increase in the participation of women in the workforce are some of the key factors leading to a growing demand for quick service restaurants, followed by casual dining. In countries such as India and China, in particular, the quick-service restaurant industry is thriving, which is anticipated to spearhead the sales of multi-deck Refrigerated display cases in these counties.
| 2022 Value Share in Global Market | CAGR (2023 to 2033) |
|---|---|
| United States | 22.8% |
| Japan | 6.7% |
| China | 7.0% |
| India | 6.8% |
| United Kingdom | 4.5% |
Steady Growth in Sales Position United States Market at North America’s Fore
With a significant market share of 22.8%, the United States leads the global multi-deck refrigerated display cases industry. The United States market is projected to witness steady growth during the forecast period, with the development of new and innovative products. Also, increasing the presence of a flourishing supermarket culture and increasing the number of HoReCa is anticipated to support growth in the United States over the forecast period. Study projects that the United States market is likely to surpass revenues worth USD 1,450 million by the end of 2033.
High Demand for Packaged Food Pushing Sales in Japan
Capturing a value share of 6.7%, Japan showcases steady growth in the global multi-deck refrigerated display cases industry. Japan is expected to emerge as the leading market for multi-deck refrigerated display cases in East Asia by the end of 2023. The presence of some of the leading manufacturers is likely to support growth in the country. Besides this, the expansion of the food and retail sector is likely to bode well for the market.
The Food Export Org has identified Japan as the third-largest market for packaged food, following the United States and China. With the country’s foodservice sector forecast to exhibit consistent growth, Japan is likely to remain a lucrative pocket for the sales of multi-deck refrigerated display cases. The Japanese market is anticipated to surpass revenues worth USD 677.3 million by the end of 2033.
Expansion of Supermarkets and Retail Sector Creating Growth Prospects in India
With a value share of 6.8%, India showcases promising growth prospects in the global multi-deck refrigerated display cases industry. The demand for multi-deck refrigerated display cases is expected to be high during the forecast period due to the expansion of the supermarkets and retail sector in India.
India is one of the fastest-growing countries, urbanization is happening at a fast pace. Also, it is the second-largest in terms of population worldwide. Backed by a thriving food sector, the multi-deck refrigerated display market in India is likely to total USD 624.4 million by the end of 2033.
Accounting for a value share of 7.0%, China demonstrates considerable potential in the multi-deck refrigerated display cases market. The region benefits from the rapid expansion of the retail sector, the increasing urban population, and the growing demand for packaged and ready-to-eat food items. As Chinese consumers prioritize food safety and quality, there is a rising demand for refrigerated display cases that maintain freshness and preserve the nutritional value of products.
The United Kingdom holds a value share of 4.5% in the global multi-deck refrigerated display cases market. The region's market growth is driven by factors such as the strong presence of supermarkets and hypermarkets, the growing demand for fresh and healthy food options, and the focus on reducing energy consumption and carbon footprint.
Additionally, the trend of compact store formats and the rising popularity of online grocery shopping is influencing the adoption of multi-deck refrigerated display cases in the United Kingdom.
Demand for Remote Multi-Deck Refrigerated Display Case to Soar
Expansion of supermarkets, hypermarkets, and convenience stores, which require appropriate use of available space is anticipated to fuel demand for remote multi-deck refrigerated display cases. These devices are enabled by the latest technologies, such as remotely located condensers so that there is no heat dispersion in the store interior and at the same time, more storage space is available. Remote multi-deck refrigerated display case type is projected to create an absolute dollar opportunity of more than USD 2,950 million from 2023 through 2033.
The retail food and beverage sector is projected to create an absolute dollar opportunity of more than USD 3,1270 million from 2023 through 2033. Multi-deck refrigerated display cases are becoming increasingly popular in the global retail market. This is due to several factors, including the need for greater efficiency and the desire to reduce environmental impact. Multi-deck refrigerated display cases offer several advantages over traditional cases, making them a desirable choice for retailers.
One of the primary advantages of multi-deck refrigerated display cases is their efficiency. Multi-deck cases use less energy than traditional cases, which can result in significant savings for retailers. In addition, these cases are often more compact than traditional units, which allows retailers to save on space. Multi-deck cases also have a smaller environmental footprint than traditional units, making them a more sustainable option.
The market for multi-deck refrigerated display cases is highly fragmented and competitive, with large-scale vendors battling against many modest opponents. The leading companies are striving to increase channel reach and improve market share. Additionally, small-size manufacturers are also putting efforts toward competitively priced and more efficient products to increase their profit margin.
Over the past few years, increasing acquisition and expansion activities have been witnessed to improve the supply chain of multi-deck refrigerated display cases. Several manufacturers are also focusing on developing new technology-driven multi-deck refrigerated display cases. The emergence of various manufacturers has also been witnessed in this space.
For Instance:
| Attribute | Details |
|---|---|
| Forecast Period | 2023 to 2033 |
| Historical Data Available for | 2018 to 2022 |
| Market Analysis | USD million for Value and Units for Volume |
| Key Regions Covered | North America; Latin America; Europe; Asia Pacific; Middle East, and Africa; China; Japan; South Korea |
| Key Countries Covered | United States, Canada, Mexico, Brazil, Peru, Argentina, Germany, Italy, France, United Kingdom, Spain, BENELUX, Russia, Turkey, South Africa, GCC Countries, Northern Africa, Japan, China, South Korea, India, ASEAN, Australia, New Zealand |
| Key Segments Covered | By Type, By Width, By Case Type, By End Use, By Region |
| Key Companies Profiled | Blue Star Limited; Carrier Corporation; Frigoglass SAIC; Epta S.p.a. Refrigeration; Dover Corporation; Haier Group; Arneg S.p.A; Illinois Tool Works Inc.; Daikin Industries, Ltd.; Fagor Professional |
The projected revenue of the market by 2033 is USD 10,766.1 million.
The market CAGR for 2033 is projected to be 5.6%.
The three key market players are Blue Star Limited, Carrier Corporation, and Frigoglass SAIC.
The market is estimated to secure a valuation of USD 6,243.38 million in 2023.
Increasing demand for fresh and healthy food driving market in North America.
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Multi-Deck Refrigerated Display Cases Market
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