USD 41.4 Billion Food Display Cabinet Market Value Cross by 2031 | Top Players such as - Alto-Shaam Inc., Carrier Global Corp

According to the report published by Allied Market Research, the global food display cabinet market was estimated at $18.5 billion in 2021 and is expected to hit $41.4 billion by 2031, registering a CAGR of 8.4% from 2022 to 2031.

The report provides a detailed analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive landscape, and evolving market trends. The market study is a helpful source of information for the frontrunners, new entrants, investors, and shareholders in crafting strategies for the future and heightening their position in the market.

The report is exclusively meant to help the readers with a comprehensive valuation of industry analysis and trends.

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Report coverage & details:
Report Coverage Details Forecast Period 2022­-2031 Base Year 2021 Market Size in 2021 $18.5 Billion Market Size in 2031 $41.4 Billion CAGR 8.4% No. of Pages in Report 250 Segments Covered Type, Materials, End User, and Region.
Drivers Stimulating economic growth and increasing population in the emerging economies Restraints High manufacturing costs, rise in prices of raw materials, and uncertainty in climatic conditions
Opportunities Regulatory support from several government bodies

The global food display cabinet market is analyzed across type, materials, end-user, and region. The report takes in an exhaustive analysis of segments and their sub-segments with the help of tabular and graphical representation.

Investors and market players can benefit from the breakdown and devise stratagems based on the highest revenue-generating and fastest-growing segments stated in the report.

Based on type, the refrigerated food display cabinets segment contributed to nearly three-fifths of the global food display cabinet market revenue in 2021, and is expected to dominate by 2031. The same segment would also showcase the fastest CAGR of 8.4% throughout the forecast period.

Based on materials, the stainless-steel segment accounted for around one-third of the total market revenue in 2021, and is expected to dominate by 2031. The wood segment, simultaneously, would cite the fastest CAGR of 10.1% throughout the forecast period.

Based on end use, the bakery segment garnered more than one-third of the total market revenue in 2021, and is expected to dominate by 2031. The others segment, nonetheless, would project the fastest CAGR of 9.5% throughout the forecast period.

Based on region, the market across North America generated more than one-third of the total market revenue in 2021, and is anticipated to retain the lion's share by 2031. The LAMEA region, however, would showcase the fastest CAGR of 9.2% during the forecast period.

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The other regions studied in the report include Asia-Pacific and Europe.

The key market players analyzed in the global food display cabinet market report include
FRIGOGLASS S.A.I.C.,
Hatco Corp.,
The Middlebycorp,
Standex International Corp.,
Carrier Global Corp., and
HOSHIZAKI Corp.

Key findings of the study

By type, the refrigerated food display cabinet market share was the major segment of the food display cabinet market trends in 2021, and is anticipated to grow at a significant CAGR of 4.8% during the forecast period.
By material, the food display cabinet industry plastic segment is expected to witness growth at a CAGR of 9.1%, in terms of food display cabinet market opportunities, during the forecast period.
By end user, the food display cabinet industry (cafes & bars) segment is anticipated to witness growth at a CAGR of 9.5% during the forecast period.
Region-wise, North America was the dominant region in 2021, occupying more than half of the food display cabinet industry share.
LAMEA registered the highest growth rate in 2021 and is expected to grow at a CAGR of 9.2% during the forecast period.

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