Steep rise has been witnessed in the demand of glass door merchandiser all across the globe mainly in food and beverage industries such as hotel and restaurants. There had been a strong growth of 30% from 2015 to 2016 in number of hotels globally, as in 2015 there were 6, 02,542 hotels worldwide which showed an immense increase of 30% in 2016 creating perennial business opportunities in glass merchandisers market all across the globe. Global food service equipment market is anticipated to reach USD 43.02 billion by 2024 from USD 28.0 billion in 2016. Glass merchandisers are a part of food service equipment market. Glass merchandisers cover 25% share of food service equipment market in 2016. Global Glass merchandisers market is expected to reach at USD 15.01 billion by 2024 from USD 7.52 billion in 2016 at a promising CAGR of 9.01% over the forecast period (2016-2024). The Global Glass Merchandisers Market segmentation has been carried out on the basis of product, capacity and retail channel. Retail channels are further bifurcated into hypermarket, supermarkets, hotels, restaurants and grocery stores. Hypermarket dominated the segment of retail channel in 2016. Glass merchandiser market in hyper market is estimated to increase from USD 7.2 billion in 2016 to USD 15.7 billion by 2024 expanding at a CAGR of 8.90% over the forecast period. Geographically, Asia Pacific region possess strong demand of glass merchandiser, the market is anticipated to expand at a compound annual growth rate of 9.75% over the forecast period. Several new technologies are made by manufacturers of glass door merchandisers market such Recently Electrolux, a Sweden based company has launched Frigidaire glass merchandiser that will trigger the interior lights of the refrigerator making it transparent as soon as any movement will happen near the glass door.
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Market Segmentation
• On the basis of products
o Single door merchandiser
o Double door merchandiser
o Multi door merchandiser
• On the basis of capacity
o 0.5 to 3.0 cu ft.
o 3.1 to 6.0 cu ft.
o 6.1 to 9.0 cu ft.
• On the basis of retail channels
o Hyper market
o Super market
o Hotel
o Restaurants
o Grocery stores
• On the basis of region
o North America (US, Canada)
o Europe (UK, France, Italy, Germany, Spain, Hungary, Sweden, Russia, Poland and Rest of Europe)
o Middle East and Africa (GCC Countries, North Africa, South Africa and Rest of Middle East & Africa)
o Latin America (Brazil, Mexico and Rest of Latin America)
o Asia Pacific (China, Japan, India, Singapore, South Korea, Australia, New Zealand and Rest of Asia-Pacific)
o Rest of the World
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“Global Glass Merchandisers Market Outlook 2024” contains detailed overview of the Global Glass Merchandisers Market in terms of market segmentation by devices and end users.
Further, for the in-depth analysis, glass merchandiser market report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis.
Global Glass Merchandisers System Market Report also provides competitive outlook of some of the major players which includes profiling of companies such as Hussmann International Inc., Hoshizaki International, Carrie, Epta Refrigeration, Standex, Manitowoc Company, Dalian, Sanyo Cold-chain Co. Ltd, Dover Corporation, Beverage-Air Corporation, Lennox International etc. The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments.
Overall, the report represents comprehensive synopsis on the global glass merchandisers Market trends that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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