Glass Door Merchandiser Market is segmented By Type (Sliding Door, Hinged Door), By End-User (Retail Outlets, Commercial Complexes, Commercial Kitchens, Airports and Train Stations, Food Service Establishments), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2023-2030
Glass Door Merchandiser Market Size
Global Glass Door Merchandiser Market reached USD 5.5 billion in 2022 and is expected to reach USD 8.6 billion by 2030, growing with a CAGR of 5.8% during the forecast period 2023-2030. During the forecast period, the expansion of formal retail channels in developing and underdeveloped countries will a major factor in driving the growth of the global glass door merchandiser market.
National and multinational retail brands are opening large supermarkets in urban areas and small convenience stores in rural areas across developing regions.
The expansion of full-automated ‘smart’ stores is also expected to create new growth opportunities for the global market. In July 2023, Amazon, a major U.S.-based e-commerce retail company, annouced that it would gradually expand its ‘Amazon Go’ range of smart stores across major U.S. cities over the coming months.
Glass Door Merchandiser Market Scope
|
Metrics |
Details |
|
CAGR |
5.8% |
|
Size Available for Years |
2021-2030 |
|
Forecast Period |
2023-2030 |
|
Data Availability |
Value (US$) |
|
Segments Covered |
Type, End-User and Region |
|
Regions Covered |
North America, Europe, Asia-Pacific, South America and Middle East & Africa |
|
Fastest Growing Region |
Asia-Pacific |
|
Largest Region |
Asia Pacific |
|
Report Insights Covered |
Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and Acquisitions, New Equipment Type Launches, Growth Strategies, Revenue Analysis, Porter’s Analysis, Pricing Analysis, Regulatory Analysis, Supply-Chain Analysis and Other key Insights. |
For More Insights - Request Free Sample
Glass Door Merchandiser Market Dynamics
Changing Consumer Preferences
Rapid urbanization and growth in disposable incomes has led to profound socio-economic changes which have significantly altered consumer lifestyles. Modern hectic lifestyles have changed consumer eating habits and preferences. It has created a major demand for ready-to-eat and ready-to-drink processed food and beverage products.
The increased consumer demand for convenient food and beverage products has led to major changes in the food retailing industry. Many retailers are investing in glass door merchandiser to stock up on a wide range of chilled and frozen ready to eat food products and packaged beverages. Retailers are also investing in expanding the variety of available products to increase choice and attract more potential customers.
Increasing Beverage Consumption
Global beverage consumption has increased significantly in recent years, reaching a high of 1.3 trillion liters in 2022. One of the factors driving beverage consumptions is the wide variety of beverages available, ranging from soft drinks, energy drinks, bottled water, health tonics, fruit juices and alcoholic beverages. With beverage companies rolling out single-serve pakcs at highly affordable prices, beverage consumption has picked up significantly in developing and underdeveloped regions as well.
Beverages require proper storage and display to maintain their appeal to customers. Glass door merchandisers provide an excellent way to present beverages attractively to customers while keeping them chilled and ready for purchase. Since glass door merchandisers allow vivid display to consumers, it significantly increases the chances of an impulse purchase.
High Initial Investment
One of the major barriers for market growth is the high initial investment required for setting up glass door merchandisers. The price for glass door merchandisers ranges from a few hundred U.S. dollars to tens of thousands, depending upon size and configuration. The high cost presents a significant barrier for small and medium-sized retailers with limited financial resources. Most of these small retailers are also ineligible for affordable business loans, which would enable them to purchase glass door merchandisers.
Furthermore, due to their limited capital, retailers have to prioritize their investments wisely. Other, more immediate business needs, such as inventory restocking, store expansion, or marketing campaigns, take precedence over capital investment in glass door merchandisers, especially since it requires a long time to generate a positive return on investment.
Glass Door Merchandiser Market Segmentation Analysis
The global glass door merchandiser market is segmented based on type, end-user and region.
Sliding Door Merchandisers are Preferred Due to their Efficient Design
Sliding door merchandisers are mostly preferred by the retail and food service industry due to their ease of use and space-saving design. Sliding door merchandiser units generally feature one or more horizontal glass doors that slide open and close along a track. Sliding doors do not require extra clearance space in front of the unit, making them ideal for use in stores with limited floor space or narrow aisles. It provides convenient access to consumers without obstructing walkways.
Sliding door merchandiser often have a sleek and modern appearance which greatly enhances the visual appeal of the displayed products, thereby increasing the appeal for customers. Sliding door merchandisers are mainly preferred for displaying beverages, grab-and-go items and other products that require frequent access without utilizing excess floor space.
Glass Door Merchandiser Market Geographical Share
Expansion of the Formal Retail Sector to Boost Market Growth in Asia-Pacific
Asia-Pacific is expected to account for more than a third of the global market. The region is undergoing rapid industrialization and India and China are expected to be the biggest growth opportunities over the long term, due to their large population and rapid income growth. Other emerging countries such as Vietnam, Thailand and Indonesia are also expected to account for significant market growth during the forecast period.
The expansion of the formal retail sector in countries such as India will be key to generating demand growth for the global market. According to data from CBRE, a multinational real-estate services company, Indian retailers leased 4.7 million sq.ft of retail space in 2022, the highest since 2019. Many Indian retail chains are gradually expanding to Tier-2 and Tier-3 cities as changing consumer lifestyles and persistent income growth create new avenues for growth.
Glass Door Merchandiser Market Companies
The major global players include Hobart Canada, Turbo Air Inc., ARNEG S.P.A, Liebherr, True Manufacturing Co., Inc., Migali, Procool, Traulsen, Hussmann Corporation and Hoshizaki Corporation.
COVID-19 Impact Analysis
The COVID-19 pandemic created major challenges for the global market. With lockdowns and other restrictions in place, retail outlets had to restrict service hours, whereas airports and train stations were shut down due to halt in passenger traffic. Furthermore, food service establishments either closed down or restricted service to take away and home delivery.
With the pandemic affecting all major end-users, the demand for glass door merchandiser fell drastically in many regions. The shortfall in demand affected the revenue of many companies operating in the sector. Some conglomerates selling off their commercial refrigeration business due to losses brought on by the pandemic. The post-pandemic period has brought new growth opportunities, especially in emerging regions.
AI Impact Analysis
AI-enabled glass door merchandisers can optimize energy consumption by using data analytics to interpret usage patterns, ambient temperatures and product demand. Using the analysis, the AI-enabled algorithm can automatically adjust cooling levels, thus reducing energy wastage, leading to cost savings for businesses.
AI-based monitoring systems can be used to analyze the performance of glass door merchandisers in real-time. By continuously tracking factors like temperature fluctuations and compressor health, AI algorithms can detect potential anomalies and predict potential malfunctions. It enables operators to undertake timely maintenance and minimize downtime.
Russia- Ukraine War Impact Analysis
The ongoing Russia-Ukraine conflict has impacted the demand for glass door merchandisers in both countries, although it is unlikely to impact the global market as a whole. Retail stores, food service chains and airports in Ukraine closed down due to security risks and millions of Ukrainians have fled to western Europe over the course of the war. The demand for glass door merchandisers in Ukraine is unlikely to be revived in the short or medium term.
Due to western sanctions, many multinational retail and food service brands had to leave Russia by selling their businesses to Russian holding companies. Russian airports have also curtailed operations with U.S. and EU instituting flight bans on Russian airlines and sanctioning their airlines from flying to Russia. Russian end-users have turned to Chinese manufacturer and the grey market to source glass door merchandisers of western companies due to the sanctions.
Key Developments
- In January 2023, Tefcold A/S, a Danish company specializing in commercial refrigeration solutions, announced plans to enter the Indian market and launch its full range of glass door merchandisers and other refrigerators in partnership with Highknightly India.
- In January 2023, Samsung, the multinational consumer electronics manufacturer, launched its range of new commercial refrigeration solutions, including glass door merchandisers for the Indian market.
- In December 2022, Bosch, a German-based multinational industrial goods manufacturer, launched a new range of glass door merchandisers for the U.S. market.
Why Purchase the Report?
- To visualize the global glass door merchandiser market segmentation based on type, end-user and region, as well as understand key commercial assets and players.
- Identify commercial opportunities by analyzing trends and co-development.
- Excel data sheet with numerous data points of glass door merchandiser market-level with all segments.
- PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
- Product mapping available as Excel consisting of key products of all the major players.
The global glass door merchandiser market report would provide approximately 50 tables, 48 figures and 182 Pages.
Target Audience 2023
- Manufacturers/ Buyers
- Industry Investors/Investment Bankers
- Research Professionals
- Emerging Companies
