LONDON--(BUSINESS WIRE)--Sep 2, 2020--

The commercial food display cabinet market is expected to grow by USD 2.41 billion, accelerating at a CAGR of almost 4% during the forecast period. Download Free Sample Report

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Technavio has announced its latest market research report titled Global Commercial Food Display Cabinet Market 2020-2024 (Graphic: Business Wire)

The increase in the number of bakeries and supermarkets is one of the major factors propelling market growth. However, the continuous consumption of electricity will hamper market growth.

Bakeries and supermarkets are the major end-users of commercial food display cabinets. Bakeries and other retailers use them to display the food items they offer. In 2016, the Belgium-based Lotus Bakery announced its plans to expand its presence in the US, with locations in Mebane and North Carolina. The expansion plan of the project is expected to be completed by the end of 2020. Similarly, The Second Cup, the Canadian coffee retailer which offers beverages and food items, announced its plans to open 200 stores in the UK by 2025. Such expansion plans are expected to have a direct influence on the growth of the global commercial food display cabinet market during the forecast period.

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Global Commercial Food Display Cabinet Market: Product Landscape

Based on the product, the commercial refrigerated food display cabinet segment is going to witness lucrative growth during the forecast period. The segment is mainly driven by the need to refrigerate a large variety of food items. In addition, the rising consumer preference for refrigerated food items is contributing to the growth of the segment.

Global Commercial Food Display Cabinet Market: Geographic Landscape

By geography, APAC will have lucrative growth during the forecast period due to the increasing spend on food items, particularly at bakeries and supermarkets led by rising disposable incomes and changing consumer lifestyles. Besides, factors such as rapid urbanization and expanding population are fueling the growth of the commercial food display cabinet market in APAC.

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Companies Covered

• Alltech Refrigeration Services (Australia) Pty Ltd.
• Alto-Shaam Inc.
• FRIGOGLASS S.A.I.C.
• Hatco Corp.
• HOSHIZAKI Corp.
• Metalfrio Solutions SA
• Standex International Corp.
• The Middleby Corp.
• True Manufacturing Co. Inc.
• United Technologies Corp.

What our reports offer:

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers market data for 2019, 2020, until 2024
• Market trends (drivers, opportunities, threats, challenges, investment opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

   

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.

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Key Topics Covered:

Executive Summary

Market Landscape

• Market ecosystem
• Value chain analysis

Market Sizing

• Market definition
• Market segment analysis
• Market size 2019
• Market outlook: Forecast for 2019 - 2024

Five Forces Analysis

• Five forces summary
• Bargaining power of buyers
• Bargaining power of suppliers
• Threat of new entrants
• Threat of substitutes
• Threat of rivalry
• Market condition

Market Segmentation by Product

• Market segments
• Comparison by Product
• Commercial refrigerated food display cabinet - Market size and forecast 2019-2024
• Commercial heated food display cabinets - Market size and forecast 2019-2024
• Market opportunity by Product

Customer Landscape

Geographic Landscape

• Geographic segmentation
• Geographic comparison
• APAC - Market size and forecast 2019-2024
• Europe - Market size and forecast 2019-2024
• North America - Market size and forecast 2019-2024
• South America - Market size and forecast 2019-2024
• MEA - Market size and forecast 2019-2024
• Key leading countries
• Market opportunity by geography
• Market drivers
• Market challenges
• Market trends

Vendor Landscape

• Vendor landscape
• Landscape disruption

Vendor Analysis

• Vendors covered
• Market positioning of vendors
• Alltech Refrigeration Services (Australia) Pty Ltd.
• Alto-Shaam Inc.
• FRIGOGLASS S.A.I.C.
• Hatco Corp.
• HOSHIZAKI Corp.
• Metalfrio Solutions SA
• Standex International Corp.
• The Middleby Corp.
• True Manufacturing Co. Inc.
• United Technologies Corp.

Appendix

• Scope of the report
• Currency conversion rates for US$
• Research methodology
• List of abbreviations

For more information about this report visit https://www.technavio.com/report/commercial-food-display-cabinet-market-industry-analysis

About Technavio:

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

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SOURCE: Technavio Research

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PUB: 09/02/2020 03:30 AM/DISC: 09/02/2020 03:30 AM

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