The vendor landscape of the global refrigerated counter market features an intensely competitive nature, with the leading five companies collectively accounting for over 62% of the market and the rest of the market consisting of a large number of medium- and small-scale players, observes Transparency Market Research in a recent report. With the aim of strengthening their positions, leading players are focusing on expanding their product portfolios, consumer bases, and geographical territories via divestments, mergers, and acquisition.
Get sample copy of at: https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=15161
Transparency Market Research, in one of its recent report, states that the global refrigerated counter market will clock in a promising 8.4% CAGR over the period between 2016 and 2024 in terms of volume. The market is expected to register a 7.7% CAGR over the said period and rise from a valuation of US$4.5 bn in 2015 to US$8.7 bn by 2024.
Quick Service Restaurants to Help Market Procure Much of its Revenue
Of the key end-use areas for refrigerated counters, the segment of system catering accounted for a massive 80.9% of the overall market in 2016. Within the segment, quick service restaurants are likely to contribute the dominant share to the global refrigerated counter market over the report’s forecast period. The massive rise in a number of world-leading quick service restaurants across emerging economies and expansion of chain in homelands has benefitted the market for refrigerated counters in the recent past and will continue to be a key force driving the market towards a healthy growth path in the near future as well.
From a geographical standpoint, the report states that the market for refrigerated counters in regions such as Asia Pacific and North America will continue to be highly promising. While the market in North America will retain its leading stance in terms of the top contributor of revenue to the global market, the market in Asia Pacific will emerge as the most lucrative one, with an impressive 10.1% CAGR over 2016 and 2024.
Growth of Fast Food Chains Globally to Help Market Expand
One of the key factors expected to boost the global sales of refrigerated counters includes the tightening grip of regulatory bodies on the food production, processing, and transportation industries. So as to bring down the prevalence of food-borne diseases, food safety organizations in several countries have introduced stringent norms for food preparation and storage, which also includes the use of refrigerated counters to keep food at low temperatures thus mitigating the possibility of production of microbes in the food products.
The market is also likely to massively benefit from the rapid expansion of several international food chains across the globe. As most food chains require a variety of refrigerates equipment to keep food products sourced in bulk safe for consumption for longer durations, the rising numbers of food chains will prove to be a key driver for the market in the next few years. However, the high base cost and total cost of operation of high-end refrigerated counters could act as a restraint for the market, reining in its growth prospects to a certain extent.
For the study, the market has been segmented as follows:
By Product
Refrigerator Counter
- Gastro Universal Pan/Gastro-Norm (GN)
- Universal Pan 12’’ x 20’’ / GN1/1
- 1-Section
- 2-Section
- 3-Section
- 4-Section
- Universal Pan 18’’ x 26’’ / GN2/1
- 1-Section
- 2-Section
- 3-Section
- 4-Section
- Others (Without Standard Dimensions)
- 1-Section
- 2-Section
- 3-Section
- 4-Section
- Counters (Euro-Norm – EN)
- Bakery Counters
- 1-Section
- 2-Section
- 3-Section
- 4-Section
- Pizza Counter
- 1-Section
- 2-Section
- 3-Section
- 4-Section
- Chef Base
- 1-Section
- 2-Section
- 3-Section
- 4-Section
- Freezer Counter
- Gastro Universal Pan/Gastro-Norm (GN)
- Universal Pan 12’’ x 20’’ / GN1/1
- 1-Section
- 2-Section
- 3-Section
- 4-Section
- Universal Pan 18’’ x 26’’ / GN2/1
- 1-Section
- 2-Section
- 3-Section
- 4-Section
- Others (Without Standard Dimensions)
- 1-Section
- 2-Section
- 3-Section
- 4-Section
- Counters (Euro-Norm – EN)
- Bakery Counters
- 1-Section
- 2-Section
- 3-Section
- 4-Section
- Pizza Counter
- 1-Section
- 2-Section
- 3-Section
- 4-Section
- Chef Base
- 1-Section
- 2-Section
- 3-Section
- 4-Section
- Universal Pan 12’’ x 20’’ / GN1/1
- Bakery Counters
- Universal Pan 12’’ x 20’’ / GN1/1
By Design
- Refrigerator Counter
- With Drawer
- With Door
- With Prep-Table-Top
- With Saladette Top
- Freezer Counter
- With Drawer
- With Door
- With Prep-Table-Top
- With Saladette Top
By End-user
- Hotels
- System Catering
- Quick Service Restaurants
- Catering Service
- Location Specific Catering
- Restaurants (Full Service)
Buy this Report at: https://www.transparencymarketresearch.com/checkout.php?rep_id=15161<ype=S
By Geography
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- South America
About Us
Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.
Each TMR syndicated research report covers a different sector – such as pharmaceuticals, chemicals, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, TMR’s syndicated reports strive to provide clients to serve their overall research requirement.
US Office Contact
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA – Canada Toll Free: 866-552-3453
Email: [email protected]
Website: https://www.transparencymarketresearch.com
