The
industry research report titled, “Asia Commercial Food
Display Cabinets Industry Situation and Prospects Research report” is a professional and in-depth study of the current scenario
of the Commercial Food Display Cabinets industry. It provides a deep analysis of the industry
with the integrity of logic and comprehensiveness of contents to all its users
and also, manages to give a basic overview of the industry involving
definitions, classifications, applications and industry chain structure along
with an analysis for the international market including development history,
competitive landscape analysis, and major regions' development status. Moreover,
all the development policies and plans are well investigated along with the
manufacturing processes and cost structures in this report.
Display Cabinets refer
to the storage equipments generally used for safely storing and displaying different
food and beverage items and they even maintain the temperature required by
various food products, like for example: frozen ready to eat food packets require
chilled or frozen conditions such that their quality is maintained.
The market is mainly split by (a)
product types, with production, revenue, price, and market share and growth
rate of each type, further segmented into: Refrigerated Food Display Cabinets
and Heated Food Display Cabinets; and (b) by applications, focusing on
consumption, market share and growth rate of Commercial Food Display Cabinets
in each application which mainly include: Restaurant, Hotel, Bar and Other.
The commercial food display
cabinets industry in Asia mainly revolves about China, Japan, India, Korea,
Saudi Arabia and some other regions wherein the focus is completely on the top
manufacturers in the market on the basis of production, price, revenue and
market share for each manufacturer. The key players of this industry namely
include: IKEA, Hatco, True Manufacturing, Federal Industries, Alto-Shaam, APW
Wyott, Displays2go, ISA Italy, Metalfrio Solutions, Daikin Industries, Beverage-Air,
United Technologies Corporation, Hussmann, Dover Corporation, Sanden
Corporation and Illinois Tool Works.
Over the years, a robust
growth has been observed in this market which has been able to appeal many
local and regional vendors, who in turn offer specific application products to
various end-users. However, the new entrants which are being added to this
industry are recently facing a strong competition from the already existing prominent
players in terms of innovations in technology, quality of the services offered and
diligence of international vendors. Though, this situation is projected to
ameliorate in the coming years as by then, the new players are foreseen to
possess bettered analytics and related procedures; ultimately ensuring a
healthy competition in the industry.
It has been witnessed that the significance of
display of merchandise has well been realized in accordance with the changing
world i.e. visually triggered. Now, people tend to buy more of those products
which attract them by their look and appearance and needless to say, these food
display cabinets play a very crucial role in impacting the consumer decisions
in Asia.
Basically, the mushrooming
growth of food and retail sectors in Asia Pacific has propelled the demand for commercial
food display cabinets, which possess innovative designs in order to effectively
meet the rising demands of the Asians. The factors including: growing
population of working women, amplifying expenditure on convenience food, and changing
busy lifestyles of consumers; have
spurred the overall demand for packaged food and beverages which further has
led to an increase in the number of display cabinets required. Moreover, the upcoming opportunities for foreign direct
investment are further anticipated to aid the food retail sector in ballooning
globally.
On proper scrutiny of various prospects,
it has been discovered that expansions in the retail store network of Asia
coupled with the surges in consumer dispensable incomes; will engender the
market growth in the forthcoming years. Even, transition in the lifestyles to
being much more hectic than before, as the years roll by, is foreseen to augment
the popularity of packed food; especially the frozen food, which is furthermore
envisioned to register a valuation of approximately USD 15.3 billion in the
global industry by 2024.
Geographically, Asia-Pacific region
has sustained to be highly promising as far as the growth rates for display cabinets
are concerned, owing to the emboldening economic growth in response to which
the commercial sector including: retail and hotels, restaurants, and catering
industry is rapidly expanding recently; with a motive to produce boomed demands
in the long run, more specifically for cold merchandisers. In Asia, China has been the key
contributor to the holistic success of this industry and is expected to
continue being the same until 2024.
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