According to a new market research report published by Credence Research “Global Glass Door Merchandiser Market (Design (Hinged Door, Sliding Door), Configuration Type (Endless self-Contained, Endless remote control) Application (Retail Outlets, Commercial Complexes, Commercial Kitchens, Airport and Stations, Institutional Facilities and Establishments)) – Growth, Future Prospects and Competitive Analysis, 2019 – 2027”, the overall glass door merchandiser market worldwide is set to grow with a CAGR of more than 7.7% during the forecast period from 2019 to 2027, starting from US$ 6.93 Bn in 2018.
Globally, factors such as rapid urbanization, growing economies, increasing spending capacity of people around the globe, rapid infrastructure development in various developed and developing countries, and improving standard of living of people are driving the growth of glass door merchandiser market. In addition to this, the retail and the food and beverages industry is seeking for attractive marketing techniques such as setup of displays and sample for promoting the products, which is also fueling the demand for glass door merchandiser. Moreover, technological advancements are expected to provide lucrative growth opportunities to the players operating in the glass door merchandiser market across the globe. However, variable cost of the raw material, and high-energy consumption of products such as glass door refrigerators & freezers are likely to restrain the market growth.
Based on application, the retail outlets segment dominated the glass door merchandiser market based on increasing demand for innovative display techniques. Factors such as growing population, rapid urbanization, increasing spending capacity of the people and infrastructural development are fueling the growth of this application segment, which will ultimately drive the glass door merchandiser market for retail applications.
Based on the geography, North America holds the leading position as this region has perceived rapid expansion in the retail industry. However, Asia Pacific is projected to showcase high growth potential during the forecast period. The countries such as India, China, and South Korea possess huge retail sector, thereby leading to strong consumption of glass door merchandisers. Additionally, infrastructural development and rapid urbanization is also helping the Asia-Pacific region to grow. Moreover, increase trade in this region is also enhancing the market size of the glass door merchandiser market in this region.
Some of the major companies profiled in the report include Tuobo Air Inc, Traulsen, Arneg Group, Liebherr, Everest, UAB Feror LT, Migali industries, True Manufacturing Co.Inc, Hussmann Corporation, and Anthony Inc. among others.
Browse the full report at https://www.credenceresearch.com/report/glass-door-merchandizer-market
The Global Glass Door Merchandiser Market is Segmented into:
|Segmentation||By Design Segment (2017–2027; US$ Bn)|
|By Configuration Type Segment (2017–2027; US$ Bn)|
|By Application Segment (2017–2027; US$ Bn)|
|By Geography Segment (2017–2027; US$ Bn)|
*Complete segmentation list is on report page