The
market growth is driven by increased demand for replacement and new
equipments from retail sector across the globe. Use of RDCs as
merchandisers and storage alternatives is seen as an emerging trend
and is expected to drive the market growth in near future.
The
global RDCs market was valued at USD 8,780.3 million in 2012 and is
expected to almost double in next six years. Proliferation of retail
network and rise in consumer spending on convenience products,
coupled with development of improved and technologically advanced
refrigeration systems, is influencing the way refrigerated display
cases are being adopted across the 'food and beverage' and retail
industry. Biomedical sector too is seeing increased usage of
sophisticated display cases with critical temperature control
features.
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the full report with TOC at Refrigerated Display Cases Market
http://www.transparencymarketresearch.com/refrigerated-display-cabinets.html
The
global RDCs market growth is forecast to be driven by demand for
plug-in or self-contained systems as compared to remote systems.
Features such as capital cost saving, freedom to move them as per
store layout, reduced time to install, and low turn-around time for
new stores, are helping in large scale adoption of plug-ins against
remote RDCs, which are preferred by large size stores or those with
limited floor space. On the basis of product design, 'vertical -
front open' RDCs are estimated to dominate the market throughout the
forecast period 2013 - 2019, accounting for 67.8% of global RDCs
market growth. Horizontal or island RDCs and other types
(semi-vertical/hybrid) are forecast to record comparatively slow
growth. The demand for vertical RDCs is primarily driven by benefits
such as low floor-space requirement and more display space (per unit
area of floor space).
Across
different geographical regions, Asia-Pacific is expected to see
fastest growth and grow with a CAGR of 11.3% during forecast period.
The retail sector and hotel industry in the region is seeing many
expansion projects coming up and is thus driving the demand for new
equipments. Economic growth and rise in consumer disposable income in
the region is further supporting market growth in the region by
pushing up the demand for convenience products (frozen food and
beverage items).
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The
global RDCs market is currently concentrated with both global and
regional players competing intensely. Faced with operational
challenges such as high investment and dropping profit margins,
players in developed markets of North America and Europe are pushing
to expand to low cost manufacturing hubs in emerging markets of
Asia-Pacific and Africa/Latin America. Asia-Pacific and Africa/Latin
America regions are also seen as high potential target market for
growth during the forecast period. Proximity to target market is also
helping in minimizing the turnaround time and logistic cost, thus
giving price advantage for manufacturers. Companies such as
Frigoglass, Hoshizaki International, Dover Corporation, Manitowoc
Company, Inc., and United Technologies Corporation are among leading
players, who command competitive market revenue shares. Mergers and
acquisitions, strengthening of distribution network, and alliance
with retail giants are some of the strategies followed by players to
mitigate the competition in the market.
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all Press Releases:
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The
market has been segmented as follows:
Refrigerated
Display Cases Market, By Product Type (refrigeration system):
Plug-in
(self-contained)
Remote
Browse
all Article :
http://www.transparencymarketresearch.com/articles.htm
Refrigerated
Display Cases Market, By Product Design:
Vertical
- front open
Horizontal
- top open (island)
Others
(Hybrid/semi-vertical)
Refrigerated
Display Cases Market, By Geography:
North
America
Europe
Asia
Pacific
Rest
of World (RoW)
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all Consumer Goods Market Research Reports @
http://www.transparencymarketresearch.com/consumer-goods-market-reports-7.html
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