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Strong Growth in the Foodservice Industry Drives Demand for Refrigerated Display Cases, According to a New Report by Global Industry Analysts, Inc.

Toronto News,  (PR) August 21, 2013

Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes more than 1300 full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world’s largest and reputed market research firms.

Demand for refrigerated display cases (RDCs) has been witnessing steady growth over the last decade supported by increasing competition in the food retailing space and the resulting need for attractive food display and distribution. Factors such as strong economic growth, rising levels of income, standard of living, and changing food habits in emerging countries, and growing concerns over food safety, are driving demand for refrigerated display cases. Other factors spurring growth include changing demographics, and shift to natural refrigerants.

The commitment to sustain a green environment is by far the most vital factor driving innovation in refrigeration technology. Partnerships are being forged across industries such as Manufacturing, Food, Retail and Supermarkets to design and develop new refrigeration technologies using natural alternatives. Presently, there is a rise in the number of installations of CO2 refrigeration systems in supermarkets and food industries worldwide.

The Eurozone crisis and the resulting slowdown in economic performance in Europe have impacted consumer spending habits. The pressure on consumer confidence coupled with stricter regulatory standards, rising energy costs and concerns over emissions from refrigerants are all expected to challenge growth in the market. Asia-Pacific, on the other hand, is forecast to witness healthy growth led by ambitious retail expansion plans of big box retailers.

As stated by the new market research report on Refrigerated Display Cases, Asia-Pacific represents the fastest growing market worldwide with a CAGR of 8.9% over the analysis period. Growth in the region is led by growing population, shifting preference for frozen and chilled processed and fresh foods, and growing disposable income among urban and rural dweller.

The United States represents the single largest market and is projected to register encouraging growth albeit lower than the global average. Gains are expected to be fuelled by the expansion of restaurants and food retail outlets, steady consumer demand for convenience food, and growing product assortments and choices offered.

Key players in the market include AFINOX Srl, AHT Cooling Systems GmbH, AJ Baker & Sons Pty Ltd., ARNEG SpA, Blue Star Limited, Epta SpA, Hill PHOENIX Inc., Verco UK, Williams, Ian Boer Refrigeration Pty Ltd., IARP, Hussmann Corporation, Lennox International Inc., Metalfrio Solutions A/S, Hoshizaki America, Nakano Refrigerators Co. Ltd., Porkka UK Ltd., Sanden Corporation, Shanghai Highly Nakano Refrigerators Co. Ltd., United Technologies Corp., Carrier K?ltetechnik Deutschland GmbH, and Zero Zone Inc., among others.

The research report titled “Refrigerated Display Cases: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, drivers, mergers, acquisitions and other strategic industry activities. The report provides market estimates and projections of refrigerated display cases for geographic markets such as the United States, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia, and Rest of Europe), Asia-Pacific (China, India and Rest of Asia-Pacific), Latin America (Brazil, Mexico, and Rest of Latin America), and Rest of World.



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