North America Refrigerated Display Cases Market Size, Share & Industry Trends Analysis Report By Product Type (Plug In and Remote), By Design (Vertical, Horizontal and Hybrid & Semi-Vertical), By Country and Growth Forecast, 2023 - 2029
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Market Report Description
The North America Refrigerated Display Cases Market would witness market growth of 9.4% CAGR during the forecast period (2023-2029).
One of the key factors expected to fuel the market growth is the increasing need for refrigerator display cases that preserve and maintain the freshness of leafy vegetables, fruits, etc. In addition, the rising urban population, rising spending capacity, and changing lifestyles of the urban population are expected to contribute to the future market development for refrigerated display cases.
Furthermore, the availability of advanced and energy-efficient refrigerator display cases and rising demand from the pharmaceutical & food industries are expected to contribute to the expansion of the market over the forecast period. Key manufacturers of refrigerator display cases are investing in R&D to provide an efficient product. This dynamic factor is anticipated to contribute to the future revenue growth of the market for refrigerated display cases.
Refrigerated display cases are typically utilized in retail stores and the food & beverage industry, such as general stores/hypermarkets, supermarkets, restaurants, hotels, and other non-routine establishments. RDCs help to attract consumers with their visually appealing displays of food and beverages. Additionally, the rising retail network and business sector for ready-to-eat and prepared food items have boosted the demand for RDCs in the market for refrigerated display cases. The developing retail network and business sector has supported this demand.
The primary driver of the frozen food industry in North America is the demand for quick-to-prepare foods that save consumers time and effort while cooking, preparing, and cleaning up. Over the projection period, more people are anticipated to want ready-packed, simple-to-cook, and ready-to-eat items, driving up demand for frozen foods in North America. It is projected that new product developments, including products with low trans-fat, multigrain, low-fat, whole wheat, and low artificial preservative content, will improve the overall sector.
In addition, the frozen food sector may have a tremendous opportunity to expand into the packaged and luxury frozen food segments. Hence, the region's market will experience increased growth due to the rising demand for and consumption of frozen foods, increasing the use of refrigerator display cases for storing and presenting goods.
The US market dominated the North America Refrigerated Display Cases Market by Country in 2022 thereby, achieving a market value of $5,695.6 million by 2029. The Canada market is exhibiting a CAGR of 11.9% during (2023 - 2029). Additionally, The Mexico market would experience a CAGR of 10.9% during (2023 - 2029).
Based on Product Type, the market is segmented into Plug In and Remote. Based on Design, the market is segmented into Vertical, Horizontal and Hybrid & Semi-Vertical. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Lennox International, Inc., Dover Corporation, Illinois Tool Works, Inc., Hoshizaki Corporation, Metalfrio Solutions S.A, Hussmann Corporation (Panasonic Holdings Corporation), AHT cooling systems GmbH (Daikin Industries, Ltd.), Epta S.p.A., FRIGOGLASS S.A.I.C, and Haier Smart Home Co., Ltd. (Haier Group Corporation).
Scope of the Study
Market Segments Covered in the Report:
By Product Type
- Plug In
- Hybrid & Semi-Vertical
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- Lennox International, Inc.
- Dover Corporation
- Illinois Tool Works, Inc.
- Hoshizaki Corporation
- Metalfrio Solutions S.A
- Hussmann Corporation (Panasonic Holdings Corporation)
- AHT cooling systems GmbH (Daikin Industries, Ltd.)
- Epta S.p.A.
- FRIGOGLASS S.A.I.C
- Haier Smart Home Co., Ltd. (Haier Group Corporation)
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