Refrigerated Glass Door Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2031 - By Product, Technology, Grade, Application, End-user, Region: (North America, Europe, Asia Pacific, Latin America and Middle East and Africa)

The global market for refrigerated glass doors is poised for substantial growth, driven by increasing investments from food service providers in refrigeration systems to meet the rising demand for frozen and chilled products. Additionally, the growing number of licensed and franchised outlets of limited service restaurants, such as McDonald’s and Subway, is contributing to the heightened demand for refrigeration systems. This trend is anticipated to support the expansion of the refrigerated glass door market at a healthy compound annual growth rate (CAGR) through the forecast period.

Key Factors Driving Refrigerated Glass Door Market

Rapidly Growing Retail Sector

The retail sector has experienced significant growth over the past decade, with a notable increase in the number of retail stores worldwide. Major players in the retail industry are expanding their presence in emerging markets, particularly in the Asia Pacific region, with a focus on countries like India and China. This expansion aims to capitalize on the rising consumer spending power in these markets.

In developing regions, the retail market is highly fragmented. However, favorable government policies regarding investments in the retail sector have led to considerable growth in organized retail. For instance, organized retail stores in India account for a notable percentage of the overall retail sector. The number of large format retail stores in the country is expected to increase at a robust rate over the forecast period, which bodes well for the growth of the global refrigerated glass door market.

Rapid Growth of F&B Industry Coupled with Expanding Warehouse & Logistics/ Cold Supply Chain Facilities.

The food and beverages (F&B) industry is witnessing significant growth, coupled with the expansion of cold chain capacities to ensure efficient storage and minimize food wastage. This expansion is expected to drive the growth of the refrigerated glass door market globally. According to the Food and Agricultural Organization of the United Nations (FAO), substantial quantities of food and beverages are wasted annually. In response, countries are strengthening their cold supply chain infrastructure to reduce this wastage.

For instance, the Global Cold Chain Alliance reported significant increases in refrigerated warehouse capacity in several countries. Such rapid expansion of cold warehouse capacities is expected to propel the growth of the refrigerated glass door market globally.

Key Factors Restraining Refrigerated Glass Door Market

Stringent Government Regulations - Major Challenge for Medium and Small OEM and Part Suppliers

Stringent government regulations regarding the use of natural refrigerants over fluorochemical-based refrigerants present a significant challenge for small and medium players in the refrigerated glass door market. Developed economies, particularly the EU, have implemented regulations favoring natural refrigerants like CO2 and hydrocarbons over traditional fluorochemical-based refrigerants. This regulatory shift poses a challenge for the progress of the refrigerated glass door market, especially for medium and small original equipment manufacturers (OEMs) and part suppliers.

To navigate these challenges, manufacturers in the refrigerated glass door market are focusing on expanding their business through the establishment of new distribution centers and sales offices. Prominent players are also engaging in acquisitions and mergers with local players or end-use industries such as cold chain, food production, and food retail. For small-scale companies, significant investments in research and development (R&D) are crucial to enhance their presence in the global market. Additionally, low-cost production strategies could help these players increase their revenue share in the market.

Notable Industry Activities

Several prominent suppliers are active in the global refrigerated glass door market, including Panasonic Corporation, Hoshizaki Corporation, Schott AG, Johnson Controls International PLC, and Lennox International Inc. These companies are focused on strategic initiatives such as acquisitions to strengthen their market position. For example, Daikin Industries Ltd. acquired AHT, an Austrian refrigerating and freezing showcase manufacturer, in a notable acquisition.

COVID-19 Impact on Refrigerated Glass Door Market

The COVID-19 pandemic has significantly impacted economies worldwide, with almost all sectors experiencing disruptions. The refrigerated glass door market has also been affected, with lockdowns, trade restrictions, and manufacturing slowdowns disrupting the supply chain. Consequently, both manufacturing and demand for refrigerated glass doors have decreased. However, the market is expected to recover in a V-shape as conditions improve.

Analysts’ Viewpoint

Europe, with its highly developed food preservation infrastructure, is expected to see moderate to low growth in the refrigerated glass door market compared to other regions. This is due to stringent regulations on walk-in cooler and freezer production to control greenhouse gas (GHG) emissions and energy consumption. Europe attributes over 30% of its total energy consumption to refrigeration. Despite this, the global refrigerated glass door market is anticipated to expand at a healthy CAGR through the forecast period.

Key Segments of Refrigerated Glass Door Market

The refrigerated glass door market is divided into three significant segments: door type, application, and region. These segments provide comprehensive data and information about important market dynamics and growth parameters.

Door Type

• Hinged Doors
• Single Door
• Two Doors
• Sliding Door
• Single Door
• Two Doors
• More than Two Doors

Application

• Beverage Refrigerators
• Freezers & Refrigerators
• Freezers & Chillers
• Walk-in Refrigerators
• Reach-in Refrigerators
• Glass Door Merchandizers
• Refrigerated Vending Machines

Region

• North America
• Latin America
• Europe
• South Asia and Pacific
• East Asia
• Middle East and Africa (MEA)

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