openPR Logo
Press release

Leading Manufacturers OF Glass Door Refrigerators to Target Emerging economies to Sustain Competition

Leading Manufacturers OF Glass Door Refrigerators to Target

The intense competition between small-scale regional manufacturers characterizes the competitive landscape of the global market for glass door refrigerators, finds TMR.

The market demonstrates a highly fragmented structure with just a few established names, including Dover Corp., Hoshizaki Int., Carrier Corp., and Hussman Int.

Emerging economies are the current target of the leading manufacturers of glass door refrigerators to sustain the competition. As key retail chains are focusing aggressively on expanding in developing countries, these players are seeing potential opportunities for growth in these regions.

Worldwide Proliferation of Supermarkets Boosts Glass Door Refrigerators Market

“The rapid proliferation of retail supermarkets across the world is the key driving force behind the significant growth of the market for glass door refrigerators,” reveals an analyst at TMR.

With the increasing competition in the retail sector, supermarkets, hypermarkets, and convenience stores are compelled to utilize glass door refrigerators to keep their products visible in order to ensure their sales.

Request Brochure: https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=8350

Looking forward, the emerging economies are likely to present ample growth opportunities to glass door refrigerators manufacturers. Stimulated by the saturation in the developed nations of Europe and North America, a number of retail chain operators are targeting the emerging economies of Asia and South America for further growth.

The global leaders in the retail sector, including the U.S.-based WalMart, France-based Carrefour, the U.K.-based Tesco, and Germany-based Metro are now expanding to developing economies such as Brazil, India, and China. The entry of such retail supermarkets in these countries are likely to help their domestic glass door refrigerators evolve considerably, supporting the local manufacturers.

On the flip side, the availability of alternative cooling solutions is anticipated to negatively influence the demand for these refrigerators in the near future. As compared to large refrigeration systems, alternative cooling solutions, such as temperature-controlled packaging systems and cold chain solutions are highly preferred among small-scale retailers on account of their low cost.

Hypermarkets to Remain Leading Distribution Channel for Glass Door Refrigerators

“Glass door refrigerators are registering a remarkable rise in in their global demand,” finds TMR. Analysts estimate the opportunity in these refrigerators to increase from US$6.5 bn in 2014 to US$13.7 bn by 2023, expanding at a CAGR of 8.60% during the period from 2015 to 2023.

Currently, Asia Pacific leads the demand for glass door refrigerators across the world. At a CAGR of 9.50% between 2015 and 2023, it is expected to register the fastest growth in the coming years. In 2014, Asia Pacific held an opportunity of US$2.6 bn in glass door refrigerators, which is likely to increase to approximately US$6 bn by the end of 2023.

Glass door refrigerators with a capacity of 3.1 to 6.0 cu ft. were the most preferred refrigerators in 2014 and are expected to remain the same during the forecast period. Hypermarkets will remain the leading distribution channel for these refrigerators in the coming years.

Book Now: https://www.transparencymarketresearch.com/checkout.php?rep_id=8350<ype=S

About TMR

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.

Contact TMR

90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email:sales@transparencymarketresearch.com
Website:http://www.transparencymarketresearch.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Leading Manufacturers OF Glass Door Refrigerators to Target Emerging economies to Sustain Competition here

News-ID: 909256 • Views:

More Releases from Transparency Market Research

Tissue Banking Market is Expected to Reach US$ 2,903.3 Million to 2026| TMR Study
Tissue Banking Market is Expected to Reach US$ 2,903.3 Million to 2026| TMR Stud …
The global 𝐭𝐢𝐬𝐬𝐮𝐞 𝐛𝐚𝐧𝐤𝐢𝐧𝐠 𝐦𝐚𝐫𝐤𝐞𝐭 reached a value of US$ 1,056.4 million in 2017 and is projected to nearly triple to US$ 2,903.3 million by 2026, with a robust Compound Annual Growth Rate (CAGR) of approximately 12.0% from 2018 to 2026. Factors such as increasing awareness about tissue donation, technological advancements, and a growing target patient population are anticipated to propel market growth during this period. Moreover, the market is expected
Vascular Closure Devices Market to reach US$ 1 Billion by 2027: TMR Study
Vascular Closure Devices Market to reach US$ 1 Billion by 2027: TMR Study
This report by Transparency Market Research, Inc. assesses the present state and future growth potential of the global 𝐯𝐚𝐬𝐜𝐮𝐥𝐚𝐫 𝐜𝐥𝐨𝐬𝐮𝐫𝐞 𝐝𝐞𝐯𝐢𝐜𝐞𝐬 𝐦𝐚𝐫𝐤𝐞𝐭. It features a comprehensive executive summary, offering insights into various segments of the market. Additionally, the report provides detailed analysis and data on product, access type, application, end user, and regional segments within the global market. Vascular closure devices is estimated to reach a value of ~US$ 1 Bn
Digital Health Market Estimated at US$ 1.1 Trillion by 2031, TMR Study
Digital Health Market Estimated at US$ 1.1 Trillion by 2031, TMR Study
In 2022, the worldwide 𝐃𝐢𝐠𝐢𝐭𝐚𝐥 𝐇𝐞𝐚𝐥𝐭𝐡 𝐢𝐧𝐝𝐮𝐬𝐭𝐫𝐲 garnered a valuation of US$ 382.5 billion. Projections indicate a steady growth trajectory, with a compound annual growth rate (CAGR) of 13.1% anticipated from 2023 to 2031, ultimately culminating in a total valuation of US$ 1.1 trillion by the conclusion of 2031. Market analysts foresee a promising outlook characterized by the burgeoning prevalence of chronic diseases and the increasing adoption of smartphones and internet
Global Data Center Networking Market Set to Surge, Forecasted to Reach US$ 56.3 …
The Data Center Networking Market is poised for remarkable growth, driven by the burgeoning demand for cloud-native applications and the rapid adoption of data center virtualization and cloud computing. With an estimated value of US$20.6 billion in 2021, the market is projected to surge at a robust CAGR of 10.8% from 2022 to 2031, reaching a staggering US$56.3 billion by the end of 2031. Get Sample Copy of This Report at:

All 5 Releases


More Releases for TMR

Tumblers Market 2028 | TMR Research
The tumblers market is expected to set growth straight with rising demand for new attractive designs for liquors including alcoholic, and non-alcoholic in emerging region of Asia pacific. The rising disposable income, increasing access to quality products, and new product launches customised to suit the taste of the region promise major growth for the tumblers market in near future. Download Brochure of This Market Report at - https://www.tmrresearch.com/sample/sample?flag=B&rep_id=6200 Among regions, North America,
TMR Research
Global 3D Animation Market: Snapshot The evolution and introduction of three-dimensional (3D) animation has given the world of animation a new perspective. The process of creating 3D moving images in a digital space through objects or models has given these illusions depth. One of the most fundamental differences between 2D animation and 3D animation is the technique used for creating the images and the way they look. The global 3D animation
TMR
Various strategies are leveraged by success-hungry players in the global hyperbaric oxygen therapy devices market. One of them is the thrust on research and development to come up with new or better products. Their focus is on building cost-effective medical devices that would see greater uptake. Strategic partnerships are also being undertaken by them to diversify product portfolios and gain greater share. Further, companies are shifting their gaze to developing
Monolithic Ceramics Market Analysis : TMR
Transparency Market Research has published a new market report titled “Monolithic Ceramics Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2023.” According to the report, the global monolithic ceramics market was valued at US$ 19.43 Bn in 2014 and is anticipated to reach US$ 36.64 Bn by 2023, expanding at a CAGR of 7.3% between 2015 and 2023. Request to view Sample Report: http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=3158 Monolithic ceramics are
Wax Market Analysis : TMR
A recent research report published by Transparency Market Research projects the global wax market to expand at a CAGR of 2.6% during the period between 2014 and 2020. The report, titled “Wax Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020,” estimates the global wax market to be worth US$8.98 bn by 2020. The overall market stood at a valuation of US$8.21 bn in 2013
Sulfone Polymers Market Analysis : TMR
Global Sulfone Polymers Market: Snapshot Several grades/varieties of sulfone polymers have gained vast applicability across a number of industries in the past few years. The relatively higher level of resistance wear and corrosion provided by these materials as compared to metals have increased their usage in medical devices and implants. Owing to their high transparency resistance, low weight, and high performance, the demand for sulfone polymers is also rising in the