Global Glass Door Merchandizers Market To Grow With A Year-On-Year Growth Of 7.4% In 2022 Reaching A Value Of About US$ 8,802.90 Mn By 2022 End
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 2013-2021 & Opportunity Assessment 2022-2028’. 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 2022.
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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
2022 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.
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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
2022 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 2022-2028. 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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