Refrigerated Display Cases Market Growth and Business Opportunities in Coming Years | TMR
The global
refrigerated display cases market report is an in-depth study of various
trends, forecasts, and drivers during 2018-2028. The global refrigerated
display cases market is witnessing a rising product innovation,
and changing trends as technology, and consumer tastes drive the growth of new
variations and experimentation. Currently, the introduction of RFID technology
promises major growth for the market as retail competes with e-commerce to gain
a bigger share of the pie for refrigerated foods. The growing demand for
refrigerated foods and growing emphasis on quality are expected to drive major
growth for the market as key drivers of growth during the forecast period.
Among various segments in the market report, the remote-operated mini devices
promise to make a comeback in homes, and stores as digital development make
automated systems more popular once again.
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Global Refrigerated Display Cases Market: Notable Developments
After a new
regulation signed by CARB, or the cabinet-level California Environmental
Protection Agency, California state has decided to join seven other
states in introducing more electric trucks, and buses on highways and roads.
The new move will see more funding, more support, and subsidies for introducing
pollution-free electric vehicles on the road. The new legislation mandating a
move toward electricity will witness Oregon, New Jersey, Connecticut,
Massachusetts, Maine, Rhode Island, and Vermont join a clean drive to introduce
more electric vehicles on the road? The new development is ideal for players in
the refrigerated display cases market as it can mean more opportunities for
tie-ups with public systems for hygienic food delivery or snacks. Moreover, the
growth of electric vehicles will also drive more growth as e-commerce, and
logistics become more conducive to the growth of the refrigerated display cases
market.
Thermo King, a truck
manufacturer has introduced a new hybrid engine system, which can allow trucks
to switch between diesel and petrol for hybrid refrigeration systems. The new
multi-temperature and the single-solution will allow trucks to operate in areas
wherein operations were previously inaccessible. These include inner cities, low
emission zones, and residential areas. As mentioned earlier, the growth of
electric vehicles and new advancement in technology promises new opportunities
for commercialisation for players in the refrigerated display cases market.
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Global Refrigerated Display Cases Market: Drivers and
Restraints
The global
refrigerated display cases market is expected to witness major growth during
2018-2028, thanks to the rising demand for food products, snacks, and natural
products. The rising disposable incomes and changing spending patterns in the
economy are expected to drive growth in the food and beverage sector. Moreover,
increasing demand for refrigerated systems due to food safety, and hygiene
concerns are on the rise. Moreover, the growing demand for attractive displays
and new technologies like 3D printing in the market are making way for
attractive and more functional products. The growth of the food and beverage
sector remains the most promising prospect in the market during 2018-2028.
Global Refrigerated Display Cases Market: Geographical
Outlook
The global
refrigerated display cases market report will cover all key regions of the
globe including North America, Europe, Asia Pacific, Latin America, and Middle
East & Africa. Among these, North America is likely to continue its
dominance as retail makes more way for food and beverage. Demand for
refrigerated foods continues to rise, due to rising demand for healthy foods,
and growing varieties in the market. Moreover, the market is also expected to
make new forays in the emerging regions of Asia Pacific, where countries like
India and China register a reversal in trends, and make retail growth more
promising for people in the refrigerated display cases market.
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