Glass Door Merchandiser Market is Poised to Register a CAGR 7.3% by 2028


Posted May 29, 2019 by vijay_6699

Glass Door Merchandiser Market: Hypermarkets Considered to be Major Endorsing Sites for Glass Door Merchandisers Driving the Market to a Significant Extent: Global Industry Analysis 2013-2017 & Opportunity Assessment 2018-2028

 
Glass door merchandiser equipment are special type display cases which are widely used in retail outlets, commercial complexes, commercial kitchens, airport and stations and in many more applications for displaying food and beverage products and to attract customers. Glass door merchandiser equipment are mostly used for freezing different food and beverage products. Glass door merchandiser refrigerators and freezers are similar to normal refrigerators. However, the only difference is that glass door merchandiser refrigerators are made up of glass and glass door merchandiser refrigerators are mostly used in the retail industry for displaying and storing different types of food and beverage products. Based on design, glass door merchandisers are available in two types: hinged door type and sliding door type.

Hinged door type glass door merchandisers can further be segregated into two types: single door type and multi door type. Based configuration, glass door merchandisers can further be divided into two types: endless self-contained glass door refrigerators and remote control glass door refrigerators. Based on storage capacity, glass door merchandiser products are available in 50-200 liters, 200-650 liters, 650-1500 liters and 1500-2000 liters. The demand for 200-650 liter and 650-1500 liter storage capacity is more as compared to other types of storage capacity.

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Glass door merchandisers are used in a wide range of applications. Major applications of glass door merchandisers include retail outlets, commercial complexes and commercial kitchens. In retail outlets, glass door merchandisers are mostly used in hyper markets, provision stores, bakery and cafeterias. In commercial complexes, glass door merchandisers are widely used in shopping malls, multiplexes, etc. Glass door merchandiser are witnessing higher demand from the retail industry as compared to others. Among end users, the retail segment accounted for the largest share in the glass door merchandiser market and is also projected to grow at high CAGR during the forecast period.

The global glass door merchandiser market is estimated to be valued at US$ 6.6 Bn by 2018 end and is expected to reach US$ 13.5 Bn by the end of 2028 while expanding at a CAGR of 7.3% over the forecast period. The global glass door merchandiser market is anticipated to represent incremental opportunity of over US$ 6871 Mn between 2018 and 2028.

Global glass door merchandiser market is expected to grow at a significant rate over the forecast period from 2018-2028

Glass door merchandisers are mostly used in applications, such as retail, commercial complexes, commercial kitchens, display applications, etc. Thus, the retail industry will hold a dominant share in the demand for glass door merchandisers. As per the FMI analysis, the demand from retail segment is estimated to grow in tandem with the growing population, urbanization and infrastructural developments in developing economies, such as China, India and other parts of the Asia Pacific. The global retail industry is anticipated to register a high growth rate of over 9.2% due to increasing population, urbanization, increased standard of living, infrastructural developments and growing economies of developing countries. Moreover, increasing penetration of glass door merchandisers in developing markets is anticipated to provide impetus to the growth of the glass door merchandiser market during the forecast period.

Asia Pacific Region (China, India, SEAP) is expected to dominate the global glass door merchandiser market during the forecast period

From a regional perspective, the glass door merchandiser market is dominated by the Asia Pacific region owing to the growing demand from consumers of glass door merchandiser. Asia pacific is projected to be the fastest growing region during the forecast period. This can be attributed to the presence of emerging economies, such as China, India and other SEAP countries. Moreover, almost half of the global population resides in China and India. Fast-paced infrastructural developments, urbanization and growing economies in this region are anticipated to help the Asia Pacific region remain dominant in the global glass door merchandiser market during the forecast period. The retail segment is anticipated to have a higher impact in the Asia Pacific region on the growth of global glass door merchandiser market. After Asia Pacific region, the demand for global glass door merchandiser market is expected to grow in the MEA and Latin America. The growth of global glass door merchandiser market has been steady in North America and Europe.

Top tier manufacturers hold significant share in the global glass door merchandiser market

The global glass door merchandiser market is consolidated due to the presence of only a few local manufacturers. Despite this, prominent manufacturers in the market have been reported to hold around a quarter of the global glass door merchandiser market share. The regional glass door merchandiser markets show variations in terms of supply of glass door merchandiser products. While significant number of glass door merchandiser equipment produced in Asia Pacific are consumed within the region and the rest of the equipment are exported to other parts of the world, glass door merchandiser equipment produced in Europe are exported to the MEA and other regions. Numerous manufacturers are engaged in the production and sale of glass door merchandiser products to meet the demand from end users. These manufacturers are all listed under the Tier 3 category of the global glass door merchandiser market. The prominent manufacturers holding a vital share in the glass door merchandiser market are listed under the Tier 1 category of the global glass door merchandiser market. The remaining manufacturers are listed under the Tier 2 category.

Global glass door merchandiser market key trends

The supply and demand of glass door merchandiser products in different regions depends upon the macro-economic factors affecting the glass door merchandiser market. Most of the major players are entering into acquisitions and mergers to increase their production and selling capacity. Big players in the market are trying to grab market share by acquiring smaller players. Acquisition strategy has accounted for more than 35% of the total developments in the market in the last few years. Glass door merchandise equipment manufacturers are also trying to penetrate the untapped market through joint ventures and partnerships. A number of capacity expansions have also been observed in the market which depicts growing demand for glass door merchandiser products. High growth markets, such as India and China, are the centers for the growth of the glass door merchandiser market. Hence, to cater to the demand for glass door merchandisers, prominent players have been expanding their capacities of production. For instance, Dover Corporation recently announced the acquisition of Anthony, Inc. to enhance Dover’s product breadth and expand markets in refrigeration and food equipment. Also, Anthony, Inc. is joining the Refrigeration and Industrial platform of Dover’s Engineered Systems segment and Panasonic Corporation recently announced the acquisition of Hussmann Corporation to expand its refrigerator business in USA.

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Top key participants

Some of the top key participants in the global glass door merchandiser market included in this study are Traulsen, Tuobo Air Inc, Arneg Group, Everest, Liebherr, UAB Feror LT, True Manufacturing Co.Inc, Migali industries, Anthony Inc and Hussmann Corporation.
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Last Updated May 29, 2019