Future Market Insights has announced the addition of the “Glass Door Merchandiser Market Global Industry Analysis and Opportunity Assessment, 2018-2028"report to their offering.
Valley Cottage, NY -- (SBWIRE) -- 07/03/2019 -- FMI presents detailed analysis and delivers key insights on the global glass door merchandiser market in its latest report titled 'Glass Door Merchandiser Market: Global Industry Analysis 2013-2017 & Opportunity Assessment 2018-2028'. The long-term outlook on the global glass door merchandiser market is positive with the glass door merchandiser market expected to be pegged at a value of US$ 6,686.1 Mn in 2018. It is expected to reach US$ 13,557.9 Mn by 2028 end while growing at a value CAGR of 7.3%. Among the segments by configuration, the self-contained glass door segment is expected to account for the lion's share in terms of value and volume over the forecast period.
The hinged door type segment is expected to expand at a relatively higher CAGR. Among regions, Asia Pacific excluding Japan (APEJ) is anticipated to retain its dominance throughout the forecast period while growing at a rate of 9.03% from 2018 to 2028. In this report, FMI throws light on the drivers and restraints likely to impact the glass door merchandiser market during this period.
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Global Glass Door Merchandiser Market: Dynamics
Market insights suggest that the global glass door merchandiser market will witness high growth during the forecast period, which can be attributed to the growing economies, urbanisation, increasing standard of living of people and infrastructural developments taking place in the region. Growing food and beverages consumption and growing focus being put on marketing and promotion of products to attract the customers are the two factors pushing the market for glass door merchandisers. Growing demand of food and beverages product displays for promoting and marketing food and beverages products to attract customers will further add to this demand. The need for higher output with fewer resources is driving the development of new technologies, especially in the retail industry. The use of glass door merchandiser products increases the food and beverage selling capacity of retailers. Economic growth, increasing standard living of people and urbanisation in developing countries, such as India, China and Asia Pacific region, will boost the demand in the global glass door market. However, increase in raw material prices will be a major restraint for the global glass door merchandiser market.
Major global players are partnering with various companies and distributors to sell their products and to increase their footprint in the global glass door merchandiser market. Technology advancements and research and development activities will create new opportunities for the major players in the global glass door merchandiser market.
Global Glass Door Merchandiser Market: Segments
The glass door merchandiser market has been segmented on the basis of application into retail outlet, commercial complexes and commercial kitchens. On the basis of application, the retail segment is anticipated to dominate the glass door merchandiser market in terms of value and volume over the forecast period. The retail segment is also projected to grow at a relatively higher CAGR over the forecast period. It is expected to represent a total incremental opportunity of US$ 4622846 Mn between 2018 and 2028 in the global glass door merchandiser market.
Global Glass Door Merchandiser Market: Regional Outlook
Regionally, Asia Pacific accounted for over 49% of the global glass door merchandiser market value while North America accounted for the second largest share in the global glass door market in the forecast period form 2018-2028. China, India and SEAP are projected to be the fastest growing regions with a CAGR of 9% during the forecast period. Large population base, growing economies, urbanisation, improving standard of living and infrastructural developments are some of the important factors driving the demand in the glass door merchandiser market.
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Global Glass Door Merchandiser Market: Key Participants
The report highlights some of the top companies operating in the global glass door merchandiser market including Traulsen, Tuobo Air Inc, Arneg Group, Everest, Liebherr, UAB Feror LT, True manufacturing Co.Inc, Migali industries, Anthony Inc and Hussmann Corporation.