Storage cabinets to contribute largest market share in the refrigerated cabinet market
The global refrigerated cabinet market to register an incremental growth of USD 6.55 billion, witnessing a CAGR of almost 4% during 2020-2024, according to latest market research analysis by Technavio. The report offers a detailed analysis of the impact of COVID-19 pandemic on the refrigerated cabinet market in optimistic, probable, and pessimistic forecast scenarios.
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Technavio has announced its latest market research report titled Global Refrigerated Cabinet Market 2020-2024 (Graphic: Business Wire)
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The refrigerated cabinet market will witness a Negative and Inferior impact during the forecast period owing to the extensive rise of COVID-19 pandemic. Furthermore, as per Technavio's pandemic-focused research highlights, the market growth is likely to Increase compared to 2019.
Refrigerated Cabinet Market 2020-2024: Vendor Analysis
The market is fragmented. Key players in the market have been launching several initiatives and introducing innovative products and services to cater to a larger target audience during the pandemic. With a rapidly shifting focus toward creating a digital marketplace to provide a convenient platform for stakeholders in the supply chain, several companies in the market are resorting to move their businesses online along with existing brick-and-mortar channels.
Major Refrigerated Cabinet market participants are
- Ali Group Srl
- Carrier Global Corp.
- Haier Smart Home Co. Ltd.
- HOSHIZAKI Corp.
- Husky International Ltd.
- Illinois Tool Works Inc.
- ISA Spa
- Liebherr-International AG
- Metalfrio Solutions SA
- Panasonic Corp.
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Refrigerated Cabinet Market 2020-2024: Segmentation
Refrigerated Cabinet Market is segmented as below:
- Product
- Storage cabinet
- Wine cabinet
- Others
Storage cabinets will account for the largest share. These storage cabinets have compartments that can be accessed through either drawers or doors. Also, refrigerated cabinets are available in low and medium temperatures and can be customized as per end-user requirements, which has increased their adoption in supermarkets, convenience stores, commercial kitchens, and pharmacies.
- Geography
- APAC
- Europe
- North America
- South America
- MEA
APAC region will account for the highest incremental growth during the forecast period due to factors such as the increasing adoption of refrigerated cabinets in emerging economies.
The refrigerated cabinet market is driven by the rising use of natural refrigerants and the growing demand for energy-efficient models of commercial refrigeration equipment, as per Technavio's pandemic impact-focused research study. Furthermore, Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct indirect COVID-19 related markets, and significant developments in vendor operations and government regulations in Consumer Discretionary industry.
For gaining more insights about the impact of COVID-19 pandemic on related reports, check out Technavio's Consumer Discretionary section
Key Considerations for Market Forecast:
- Impact of lockdowns, supply chain disruptions, demand destruction, and change in customer behavior
- Optimistic, probable, and pessimistic scenarios for all markets as the impact of pandemic unfolds
- Pre- as well as post-COVID-19 market estimates
- Quarterly impact analysis and updates on market estimates
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Table of Contents:
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 force 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
- Storage cabinet Market size and forecast 2019-2024
- Wine cabinet Market size and forecast 2019-2024
- Others Market size and forecast 2019-2024
- Market opportunity by Product
Customer landscape
- 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
- MEA Market size and forecast 2019-2024
- South America Market size and forecast 2019-2024
- Key leading countries
- Market opportunity by geography
- Market drivers
- Market challenges
- Market trends
Vendor Landscape
- Overview
- Vendor landscape
- Landscape disruption
Vendor Analysis
- Vendors covered
- Market positioning of vendors
- Ali Group Srl
- Carrier Global Corp.
- Haier Smart Home Co. Ltd.
- HOSHIZAKI Corp.
- Husky International Ltd.
- Illinois Tool Works Inc.
- ISA Spa
- Liebherr-International AG
- Metalfrio Solutions SA
- Panasonic Corp.
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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