Refrigerated Glass Door Market 2022- Summary
Refrigerated Glass Doors Market Segmented By Hinged Doors, Sliding Door Type in Beverage Refrigerators, Freezers & Refrigerators, Glass Door Merchandizers, Refrigerated Vending Machines.
the global refrigerated glass door market is estimated to expand at a healthy CAGR of 7% by value during the forecast period of 2020–2030, doubling its size over the next decade. The refrigerated glass doors market is growing rapidly as more and more businesses require temperature-controlled storage spaces. This growth is being driven by the increasing demand for cold storage in both the commercial and industrial sectors.
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Additionally, to meet the high consumer demand for frozen food and chilled goods, food service providers are increasing their capital expenditure on refrigeration systems. Additionally, the expansion of licenced and franchised locations for quick-service eateries like McDonald’s and Subway has increased demand for refrigeration systems.
Market Drivers for Refrigerated Glass Doors
Rapidly expanding retail sector: Over the past ten years, the number of retail establishments has significantly increased all over the world. To take advantage of the rising purchasing power of consumers in these nations, major businesses in the retail industry are increasing their presence in Asia Pacific’s emerging economies, particularly in India and China.
In developing regions, there is a sizable amount of retail market fragmentation. However, the organised retail sector has grown significantly as a result of supportive government policies regarding investments in developing nations like China and India.
- Panasonic Corporation
- Hoshizaki Corporation
- Dover Corporation
- Daikin Industries, Ltd.
- Carrier Corporation (UTC)
- Illinois Tool Works
- Frigoglass S.A.I.C.
- Epta S.p.a. Refrigeration
- Arneg S.p.A
- Standex International Corporation
- Lennox International Inc.
- Johnson controls
- Anthony Doors Inc
- Schott AG
- Beverage air and more
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Key Takeaways from Refrigerated Glass Door Market Study
- The market, in terms of revenue, is mainly prevalent in developed regions such as North America and Europe. The U.S. is the largest independent market for refrigerated glass doors, while China is the largest exporter of refrigerated glass doors.
- Additionally, with the rapidly growing food & beverage industry, there has been a rise in the demand for refrigerated glass doors in developing countries as well.
- The refrigerators & freezers segment is a prominent segment in terms of revenue generation. However, in terms of unit sales, glass door merchandisers are expected to dominate and project significant opportunities in the global refrigerated glass door market throughout the forecast period.
- India and ASEAN are picking up pace in the market, owing to the robust outlook of the refrigeration industry in these countries.
- One of the primary challenges in the refrigerated glass door market is their low replacement rate.
- The COVID-19 pandemic has disturbed the value chain, long-term supply contracts, and supply & demand scenario of the refrigerated glass door market space. The market is estimated to experience V-shape recovery.
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In PMR’s Refrigerated Glass Door Market Report, Key Questions are Addressed
Over the projection period, which region is anticipated to have a significant market share?
What will be the main forces behind the demand for refrigerated glass doors throughout the course of the forecast?
How will prevailing trends affect the market for refrigerated glass doors?
Who are the key players in the market for refrigerated glass doors?
What are the vital tactics used by well-known market participants in refrigerated glass doors to strengthen their positions in this environment?
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