The Europe Refrigerated Display Cases Market would witness market growth of 8.9% CAGR during the forecast period (2023-2029).
The commercial food service sector's growing demand for energy-efficient refrigerated cases has necessitated ongoing research and development in RDC technologies. The key growth drivers for the market are the increased importance of regulatory compliances and rising concerns about food safety. Due to technological advancements, leading market participants are developing energy efficient RDCs of various varieties and designs to meet the rising demands of the commercial food industry.
The commercial food service sector, comprised of hotels, restaurants, and caterers, is emerging as a potent demand driver for RDCs in the food and beverage end-use industry. A large and ever-expanding network of food retailing stores, rising expenditures on packaged and prepared foods, and tectonic lifestyle changes encouraging the consumption of frozen food products are some factors driving demand in this end-use sector. Technological advancements also contribute to market expansion by promoting equipment replacements and enhancements. Stricter food-safety regulations and high standards are also driving up the commercial value of advanced RDC models that can hygienically preserve food at specified conditions with no microbial or other types of contamination.
French hypermarkets sell 25,000–40,000 things for a reasonable price, including 3,000–5,000 food items. A typical supermarket carries between 3,000 and 5,000 items, majorly food items, with a sales space of 7.1 million square meters. Although they used to mostly be found in the city centers of small- to medium-sized towns, convenience stores are increasingly thriving in big cities. With an average sales space of 177 square meters, there are already around 7,140 stores, and convenience stores have grown in popularity since roughly 2009.
The demand is anticipated to rise due to the widespread use of retail network chains like supermarkets, hypermarkets, and convenience stores to both showcase and enticingly keep food products for consumers, which can help them increase their sales. Therefore, the market in Europe is growing rapidly.
The Germany market dominated the Europe Refrigerated Display Cases Market by Country in 2022 thereby, achieving a market value of $2,131.6 million by 2029. The UK market is experiencing a CAGR of 8% during (2023 - 2029). Additionally, The France market would exhibit a CAGR of 9.7% 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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Worldwide Refrigerated Display Cases Market is Projected to reach USD 26.5 Billion by 2029, at a CAGR of 9.6%
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).
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