Refrigerated Glass Door Market is expected to surpass revenues worth US$ 13.2 Bn in between 2020 and 2030

Refrigerated Glass Door Market 2022

As such, 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 Global Refrigerated Glass Door Market will Reach Value of US$ 13.2 Bn in between 2020 and 2030.

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Ready-to-eat products have always been an area of interest, and are one of the favorite sectors that attract development in the refrigerator industry. As consumer preference for ready-to-eat products in increasing rapidly, manufacturers are increasing their focus toward the integration of new advancements in refrigeration devices. Along with this, prominent players are focused on acquisitions and mergers with local players or end-use industries such as cold chain, food production, and food retail.

Key Companies- 

• 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
• Remis
• Schott AG
• Beverage air

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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.

"Over the past few years, there has been substantial change in consumer habits in terms of consumption of beverage products. This can be attributed to significant macroeconomic factors such as increasing disposable income and improvements in the standard of living, which has resulted in an increase in the number of restaurant chains, bars, etc. This factor is aiding the growth of the refrigerated glass door market," says a PMR analyst.

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Refrigerated Glass Door Market Landscape Moving toward Consolidation

Several prominent suppliers are involved in the global refrigerated glass door market, such as Panasonic Corporation, Hoshizaki Corporation, Schott AG, Johnson Controls International PLC, Lennox International Inc., and others. Prominent players are focused on acquisitions and mergers with local players and end-use sectors for increased sales and profits.

Key Questions Answered in PMR's Refrigerated Glass Door Market Report-

• Which region is anticipated to hold a prominent market share over the forecast period?
• What will be the key driving factors propelling the demand for refrigerated glass doors during the forecast period?
• How will current trends will impact the refrigerated glass door market?
• Who are the significant market participants in the refrigerated glass door market?
• What are the crucial strategies of prominent players in the refrigerated glass door market to upscale their positions in this landscape?

Request you to Read More-

Beverage Refrigeration Equipment Market - https://www.persistencemarketresearch.com/market-research/beverage-refrigeration-equipment-market.asp

Industrial Refrigeration Equipment Market - https://www.persistencemarketresearch.com/market-research/industrial-refrigeration-equipment-market.asp

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