Aesthetics are a key factor in display case purchases.
CLEVELAND, Sept. 12, 2024 /PRNewswire/ — A new report from Freedonia Group, Global Commercial Refrigeration Equipment, demand for display cases is projected to increase 5.6% per year between 2023 and 2028 to nearly $12.4 billion. Increasing urbanization and personal income levels in many industrializing nations around the world will drive the construction of new convenience stores, grocery stores, supermarkets, and other food and beverage retail outlets. Gains will also be supported by:
an increasing number of applications that utilize this equipment, notably smaller and more specialized models
the immense replacement needs of mature markets
food and beverage trends – such as the growing demand for refrigerated specialty health foods and beverages – will stimulate the use of refrigerated display cases in higher income countries
In addition, market value will be boosted by the shift toward better performing models, as well as more environmentally friendly refrigerated display cases (e.g., energy-efficient models).
Unlike for many types of commercial refrigeration equipment, aesthetics are a key factor in display case purchases. Food retailers believe that more appealing product displays raise sales, especially in impulse purchase situations. The importance of aesthetics in display case design provides opportunities for product differentiation and creates incentives for suppliers to develop versatile, unified product families. For example, to increase product attractiveness, manufacturers have placed greater emphasis on efficient lighting systems that provide even distribution of light throughout the display case.
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About The Freedonia Group
The Freedonia Group is a premier international business research company, providing clients with product analyses, market forecasts, industry trends, and market share information. From one-person consulting firms to global conglomerates, our analysts provide companies with unbiased, reliable industry market research and analysis to help them make important business decisions. The Freedonia Group’s brands also include Packaged Facts, a trusted provider of consumer market research on food & beverage, pet products and services, demographics, and financial services, and Simba Information, the leading authority for market intelligence and forecasts on the education and professional publishing industries. Find off-the-shelf studies at https://www.freedoniagroup.com/ or contact us for custom research: +1 440.842.2400.
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SOURCE The Freedonia Group
