According to the report published by Allied Market Research, the global food display cabinet market was estimated at $18.5 billion in 2021 and is expected to hit $41.4 billion by 2031, registering a CAGR of 8.4% from 2022 to 2031. The report provides a detailed analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive landscape, and evolving market trends. The market study is a helpful source of information for the frontrunners, new entrants, investors, and shareholders in crafting strategies for the future and heightening their position in the market. The report is exclusively meant to help the readers with a comprehensive valuation of industry analysis and trends.
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Report coverage & details:
| Report Coverage | Details |
| Forecast Period | 2022–2031 |
| Base Year | 2021 |
| Market Size in 2021 | $18.5 Billion |
| Market Size in 2031 | $41.4 Billion |
| CAGR | 8.4% |
| No. of Pages in Report | 250 |
| Segments Covered | Type, Materials, End User, and Region. |
| Drivers | Stimulating economic growth and increasing population in the emerging economies |
| Restraints | High manufacturing costs, rise in prices of raw materials, and uncertainty in climatic conditions |
| Opportunities | Regulatory support from several government bodies |
Covid-19 scenario-
- The temporary closure of fast-food restaurants, motels, and bakeries impacted the global food display cabinet market negatively, especially during the initial period.
- However, as the global situation got back on track, the market for food display cabinets also restored pretty fast.
The global food display cabinet market is analyzed across type, materials, end-user, and region. The report takes in an exhaustive analysis of segments and their sub-segments with the help of tabular and graphical representation. Investors and market players can benefit from the breakdown and devise stratagems based on the highest revenue-generating and fastest-growing segments stated in the report.
Based on type, the refrigerated food display cabinets segment contributed to nearly three-fifths of the global food display cabinet market revenue in 2021, and is expected to dominate by 2031. The same segment would also showcase the fastest CAGR of 8.4% throughout the forecast period.
Based on materials, the stainless-steelsegment accounted for around one-third of the total market revenue in 2021, and is expected to dominate by 2031. The wood segment, simultaneously, would cite the fastest CAGR of 10.1% throughout the forecast period.
Based on end use, the bakery segment garnered more than one-third of the total market revenue in 2021, and is expected to dominate by 2031. The others segment, nonetheless, would project the fastest CAGR of 9.5% throughout the forecast period.
Based on region, the market across North America generated more than one-third of the total market revenue in 2021, and is anticipated to retain the lion’s share by 2031. The LAMEA region, however, would showcase the fastest CAGR of 9.2% during the forecast period. The other regions studied in the report include Asia-Pacific and Europe.
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The key market players analyzed in the global food display cabinet market report include FRIGOGLASS S.A.I.C., Hatco Corp., The Middlebycorp, Standex International Corp., Carrier Global Corp., and HOSHIZAKI Corp.These market players have embraced several strategies including partnership, expansion, collaboration, joint ventures, and others to highlight their prowess in the industry. The report is helpful in formulating the business performance, product portfolio, operating segments, and developments by the top players
Source From : https://www.globenewswire.com/news-release/2022/09/23/2521680/0/en/Global-Food-Display-Cabinet-Market-Is-Expected-to-Reach-41-4-Billion-by-2031-Says-AMR.html
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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