Glass Merchandisers Market: Rising inclination of consumer towards food and beverage is driving the demand of glass merchandisers globally.
According to Goldstein Research, “Demand of glass door merchandiser is rising mainly in food and beverage industries such as hotel and restaurants. There had been a tremendous 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 by 30% in 2016 creating an urge in demand of glass door merchandisers.
The Global Glass Merchandisers Market is segmented based on 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.
The emerging 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. 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).
Geographically, Asia pacific leads the demand of glass merchandiser market globally in 2016 expanding at a CAGR of 9.75% over the forecast period. Growth in glass merchandiser in Asia Pacific is mainly due to increasing number of hypermarkets and supermarkets.
Maintenance and storage of food and beverage for a longer duration: Major boost
Glass door merchandiser helps in preservation of food and beverage for a longer duration. It is used in hypermarket, supermarket, hotel and restaurant for preserving and storing food and beverage that is to be used in future. At the same time it also maintains the quality of foods and beverage that is kept in refrigerators for remote future.
Advancement in technologies in glass merchandisers: Innovations
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.
“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, the 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 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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