Commercial Thawing Cabinets Market by Application and Geography - Forecast and Analysis 2022-2026

Published: Aug 2022

Pages: 130

SKU: IRTNTR74053

Snapshot

The commercial thawing cabinets market share is expected to increase by USD 27.65 million from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 4.81%.

This commercial thawing cabinets market research report provides valuable insights on the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers commercial thawing cabinets market segmentation by application (single door and double door) and geography (North America, Europe, APAC, South America, and the Middle East and Africa). The commercial thawing cabinets market report also offers information on several market vendors, including Cision Ltd., Cospolich, Darwin Chambers Co. LLC, Electrolux Professional AB, Foster Refrigerator, Friulinox Ali Group Srl, Humboldt Mfg. Co., Ipinium AB, Kometos Oy, Loipart AB, POLARIS ALI Group Srl, and Williams Refrigeration among others.

What will the Commercial Thawing Cabinets Market Size be During the Forecast Period?

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Commercial Thawing Cabinets Market: Key Drivers, Trends, and Challenges

The increasing demand for processed meats is notably driving the commercial thawing cabinets market growth, although factors such as the negative impact of frozen and processed foods may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic's impact on the commercial thawing cabinets industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Commercial Thawing Cabinets Market Driver

The increasing demand for processed meats is one of the major drivers impacting the commercial thawing cabinets market growth. Food manufacturers are innovating and adopting new strategies (according to the business environment) to introduce different flavors, bite-size servings, and varieties of meat, cheese, crackers, crisps, and nuts in the market and, thereby, increase their sales. Thus, the launch of different forms and varieties of processed red meat is expected to increase its demand globally. Moreover, since thawing cabinets are used for thawing large slabs of meats such as beef meat, pork, and others, the growing demand for processed and frozen meat will drive the growth of the global commercial thawing cabinet market during the forecast period.

Key Commercial Thawing Cabinets Market Trend

Increasing adoption of smart commercial thawing cabinets is one of the major trends influencing the commercial thawing cabinets market growth. The smart commercial thawing cabinets market is registering consistent growth because of the increasing demand for frozen foods such as frozen meats and others and increased interest in smart connected appliances. Manufacturers of smart commercial thawing cabinets are funding application developers and startups to improve their technologies. They are investing heavily in R&D to introduce technologically advanced products. End-users are seeking faster thawing options that offer ease and convenience. Smart commercial thawing cabinets can be controlled using a mobile application that provides user guidance, controls, and recipes. The application also sends real-time status updates to end-users. The need for remote access is one of the major factors that drive the demand for smart commercial thawing cabinets among end-users.

Key Commercial Thawing Cabinets Market Challenge

The availability of substitutes is one of the major challenges impeding the commercial thawing cabinets market growth. Ovens, both microwave and convection, can perform various cooking operations, such as grilling, roasting, baking, steaming, and braising. They also offer greater flexibility to end-users and help them expand their food product offerings. They also help end-users save space in their food service establishments by overcoming the need to install different types of food service equipment. Many food service establishments provide artisanal bread varieties like sourdough baguettes, oatmeal, wheat, and ciabatta. Unlike traditional ovens, commercial ovens produce steam. Similarly, for cooking chicken and fish, commercial ovens can be set at the necessary temperature and maintain the desired humidity level. The precision of the humidity controls in commercial ovens ensures that they provide a very conducive environment for cooking various food products in commercial kitchens. Therefore, the versatility offered by commercial ovens is expected to hinder the growth of the global commercial thawing cabinets market during the forecast period.

This commercial thawing cabinets market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global commercial thawing cabinets market as a part of the global electronic equipment and instruments market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the commercial thawing cabinets market during the forecast period.

Who are the Major Commercial Thawing Cabinets Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

This statistical study of the commercial thawing cabinets market encompasses successful business strategies deployed by the key vendors. The commercial thawing cabinets market is concentrated and the vendors are deploying organic and inorganic growth strategies to compete in the market.

To make the most of the opportunities and recover from the post-COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The commercial thawing cabinets market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Commercial Thawing Cabinets Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the commercial thawing cabinets market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Commercial Thawing Cabinets Market?

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34% of the market’s growth will originate from North America during the forecast period. US and Canada are the key markets for the commercial thawing cabinets market in North America. Market growth in this region will be faster than the growth of the market in other regions.

The time-saving benefits and enhanced heating properties offered by commercial thawing cabinets for frozen food products will facilitate the commercial thawing cabinets market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The outbreak of COVID-19 led to stringent measures, including the imposition of lockdowns and quarantines in the region. To slow down the spread of COVID-19, the governments in the region announced nationwide lockdowns in 2020, which led to the temporary shutdown of restaurants and, in turn, hindered the growth of the regional food service industry 2020. Even after the lockdown guidelines were eased in Q4 2020, many quick service restaurant owners and operators faced challenges in normalizing their business operations due to the additional costs involved in sanitizing, staffing issues, and limited operational hours as per the government guidelines.

What are the Revenue-generating Application Segments in the Commercial Thawing Cabinets Market?

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The commercial thawing cabinets market share growth in the single door segment will be significant during the forecast period. The food service industry offers a variety of food products, including frozen meats such as beef and other frozen foods. Hence, the industry prefers food service equipment that can defrost frozen foods in a minimum amount of time. This increases the need for different types of commercial kitchen equipment like commercial thawing cabinets, which provide options for thawing a variety of frozen food products while maintaining their quality and taste.

This report provides an accurate prediction of the contribution of all the segments to the growth of the commercial thawing cabinets market size and actionable market insights on the post-COVID-19 impact on each segment.

Commercial Thawing Cabinets Market Scope
Report Coverage	Details
Page number	120
Base year	2021
Forecast period	2022-2026
Growth momentum & CAGR	Accelerate at a CAGR of 4.81%
Market growth 2022-2026	$ 27.65 million
Market structure	Concentrated
YoY growth (%)	3.89
Regional analysis	North America, Europe, APAC, South America, and the Middle East and Africa
Performing market contribution	North America at 34%
Key consumer countries	US, Canada, China, UK, and Germany
Competitive landscape	Leading companies, Competitive strategies, Consumer engagement scope
Key companies profiled	Cision Ltd., Cospolich, Darwin Chambers Co. LLC, Electrolux Professional AB, Foster Refrigerator, Friulinox Ali Group Srl, Humboldt Mfg. Co., Ipinium AB, Kometos Oy, Loipart AB, POLARIS ALI Group Srl, and Williams Refrigeration
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis, future consumer dynamics, and Market condition analysis for the forecast period.
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Commercial Thawing Cabinets Market Report?

CAGR of the market during the forecast period 2022-2026
Detailed information on factors that will drive commercial thawing cabinets market growth during the next five years
Precise estimation of the commercial thawing cabinets market size and its contribution to the parent market
Accurate predictions on upcoming trends and changes in consumer behavior
The growth of the commercial thawing cabinets industry across North America, Europe, APAC, South America, and the Middle East, and Africa
A thorough analysis of the market’s competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of commercial thawing cabinets market vendors

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Table of Contents

1 Executive Summary

1.1 Market overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Global Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market by Geography
- Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
- Exhibit 06: Executive Summary – Chart on Incremental Growth
- Exhibit 07: Executive Summary – Data Table on Incremental Growth
- Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem
- Exhibit 09: Parent market
- Exhibit 10: Market Characteristics

3 Market Sizing

3.1 Market definition
- Exhibit 11: Offerings of vendors included in the market definition

3.2 Market segment analysis
- Exhibit 12: Market segments

3.3 Market size 2021

3.4 Market outlook: Forecast for 2021-2026
- Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
- Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
- Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
- Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

4.1 Five forces summary
- Exhibit 17: Five forces analysis - Comparison between 2021 and 2026

4.2 Bargaining power of buyers
- Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026

4.3 Bargaining power of suppliers
- Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026

4.4 Threat of new entrants
- Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026

4.5 Threat of substitutes
- Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026

4.6 Threat of rivalry
- Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026

4.7 Market condition
- Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by Application

5.1 Market segments
- Exhibit 24: Chart on Application - Market share 2021-2026 (%)
- Exhibit 25: Data Table on Application - Market share 2021-2026 (%)

5.2 Comparison by Application
- Exhibit 26: Chart on Comparison by Application
- Exhibit 27: Data Table on Comparison by Application

5.3 Single door - Market size and forecast 2021-2026
- Exhibit 28: Chart on Single door - Market size and forecast 2021-2026 ($ million)
- Exhibit 29: Data Table on Single door - Market size and forecast 2021-2026 ($ million)
- Exhibit 30: Chart on Single door - Year-over-year growth 2021-2026 (%)
- Exhibit 31: Data Table on Single door - Year-over-year growth 2021-2026 (%)

5.4 Double door - Market size and forecast 2021-2026
- Exhibit 32: Chart on Double door - Market size and forecast 2021-2026 ($ million)
- Exhibit 33: Data Table on Double door - Market size and forecast 2021-2026 ($ million)
- Exhibit 34: Chart on Double door - Year-over-year growth 2021-2026 (%)
- Exhibit 35: Data Table on Double door - Year-over-year growth 2021-2026 (%)

5.5 Market opportunity by Application
- Exhibit 36: Market opportunity by Application ($ million)

6 Customer Landscape

6.1 Customer landscape overview
- Exhibit 37: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

7 Geographic Landscape

7.1 Geographic segmentation
- Exhibit 38: Chart on Market share by geography 2021-2026 (%)
- Exhibit 39: Data Table on Market share by geography 2021-2026 (%)

7.2 Geographic comparison
- Exhibit 40: Chart on Geographic comparison
- Exhibit 41: Data Table on Geographic comparison

7.3 North America - Market size and forecast 2021-2026
- Exhibit 42: Chart on North America - Market size and forecast 2021-2026 ($ million)
- Exhibit 43: Data Table on North America - Market size and forecast 2021-2026 ($ million)
- Exhibit 44: Chart on North America - Year-over-year growth 2021-2026 (%)
- Exhibit 45: Data Table on North America - Year-over-year growth 2021-2026 (%)

7.4 Europe - Market size and forecast 2021-2026
- Exhibit 46: Chart on Europe - Market size and forecast 2021-2026 ($ million)
- Exhibit 47: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
- Exhibit 48: Chart on Europe - Year-over-year growth 2021-2026 (%)
- Exhibit 49: Data Table on Europe - Year-over-year growth 2021-2026 (%)

7.5 APAC - Market size and forecast 2021-2026
- Exhibit 50: Chart on APAC - Market size and forecast 2021-2026 ($ million)
- Exhibit 51: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
- Exhibit 52: Chart on APAC - Year-over-year growth 2021-2026 (%)
- Exhibit 53: Data Table on APAC - Year-over-year growth 2021-2026 (%)

7.6 South America - Market size and forecast 2021-2026
- Exhibit 54: Chart on South America - Market size and forecast 2021-2026 ($ million)
- Exhibit 55: Data Table on South America - Market size and forecast 2021-2026 ($ million)
- Exhibit 56: Chart on South America - Year-over-year growth 2021-2026 (%)
- Exhibit 57: Data Table on South America - Year-over-year growth 2021-2026 (%)

7.7 Middle East and Africa - Market size and forecast 2021-2026
- Exhibit 58: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
- Exhibit 59: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
- Exhibit 60: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
- Exhibit 61: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)

7.8 US - Market size and forecast 2021-2026
- Exhibit 62: Chart on US - Market size and forecast 2021-2026 ($ million)
- Exhibit 63: Data Table on US - Market size and forecast 2021-2026 ($ million)
- Exhibit 64: Chart on US - Year-over-year growth 2021-2026 (%)
- Exhibit 65: Data Table on US - Year-over-year growth 2021-2026 (%)

7.9 Canada - Market size and forecast 2021-2026
- Exhibit 66: Chart on Canada - Market size and forecast 2021-2026 ($ million)
- Exhibit 67: Data Table on Canada - Market size and forecast 2021-2026 ($ million)
- Exhibit 68: Chart on Canada - Year-over-year growth 2021-2026 (%)
- Exhibit 69: Data Table on Canada - Year-over-year growth 2021-2026 (%)

7.10 UK - Market size and forecast 2021-2026
- Exhibit 70: Chart on UK - Market size and forecast 2021-2026 ($ million)
- Exhibit 71: Data Table on UK - Market size and forecast 2021-2026 ($ million)
- Exhibit 72: Chart on UK - Year-over-year growth 2021-2026 (%)
- Exhibit 73: Data Table on UK - Year-over-year growth 2021-2026 (%)

7.11 Germany - Market size and forecast 2021-2026
- Exhibit 74: Chart on Germany - Market size and forecast 2021-2026 ($ million)
- Exhibit 75: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
- Exhibit 76: Chart on Germany - Year-over-year growth 2021-2026 (%)
- Exhibit 77: Data Table on Germany - Year-over-year growth 2021-2026 (%)

7.12 China - Market size and forecast 2021-2026
- Exhibit 78: Chart on China - Market size and forecast 2021-2026 ($ million)
- Exhibit 79: Data Table on China - Market size and forecast 2021-2026 ($ million)
- Exhibit 80: Chart on China - Year-over-year growth 2021-2026 (%)
- Exhibit 81: Data Table on China - Year-over-year growth 2021-2026 (%)

7.13 Market opportunity by geography
- Exhibit 82: Market opportunity by geography ($ million)

8 Drivers, Challenges, and Trends

8.1 Market drivers

8.2 Market challenges

8.3 Impact of drivers and challenges
- Exhibit 83: Impact of drivers and challenges in 2021 and 2026

8.4 Market trends

9 Vendor Landscape

9.1 Overview

9.2 Vendor landscape
- Exhibit 84: Overview on Criticality of inputs and Factors of differentiation

9.3 Landscape disruption
- Exhibit 85: Overview on factors of disruption

9.4 Industry risks
- Exhibit 86: Impact of key risks on business

10 Vendor Analysis

10.1 Vendors covered
- Exhibit 87: Vendors covered

10.2 Market positioning of vendors
- Exhibit 88: Matrix on vendor position and classification

10.3 Cospolich
- Exhibit 89: Cospolich - Overview
- Exhibit 90: Cospolich - Product / Service
- Exhibit 91: Cospolich - Key offerings

10.4 Darwin Chambers Co. LLC
- Exhibit 92: Darwin Chambers Co. LLC - Overview
- Exhibit 93: Darwin Chambers Co. LLC - Product / Service
- Exhibit 94: Darwin Chambers Co. LLC - Key offerings

10.5 Electrolux Professional AB
- Exhibit 95: Electrolux Professional AB - Overview
- Exhibit 96: Electrolux Professional AB - Business segments
- Exhibit 97: Electrolux Professional AB - Key news
- Exhibit 98: Electrolux Professional AB - Key offerings
- Exhibit 99: Electrolux Professional AB - Segment focus

10.6 Foster Refrigerator
- Exhibit 100: Foster Refrigerator - Overview
- Exhibit 101: Foster Refrigerator - Product / Service
- Exhibit 102: Foster Refrigerator - Key offerings

10.7 Friulinox Ali Group srl
- Exhibit 103: Friulinox Ali Group srl - Overview
- Exhibit 104: Friulinox Ali Group srl - Product / Service
- Exhibit 105: Friulinox Ali Group srl - Key offerings

10.8 Ipinium AB
- Exhibit 106: Ipinium AB - Overview
- Exhibit 107: Ipinium AB - Product / Service
- Exhibit 108: Ipinium AB - Key offerings

10.9 Kometos Oy
- Exhibit 109: Kometos Oy - Overview
- Exhibit 110: Kometos Oy - Key offerings

10.10 Loipart AB
- Exhibit 111: Loipart AB - Overview
- Exhibit 112: Loipart AB - Product / Service
- Exhibit 113: Loipart AB - Key offerings

10.11 POLARIS ALI Group Srl
- Exhibit 114: POLARIS ALI Group Srl - Overview
- Exhibit 115: POLARIS ALI Group Srl - Product / Service
- Exhibit 116: POLARIS ALI Group Srl - Key offerings

10.12 Williams Refrigeration
- Exhibit 117: Williams Refrigeration - Overview
- Exhibit 118: Williams Refrigeration - Product / Service
- Exhibit 119: Williams Refrigeration - Key offerings

11 Appendix

11.1 Scope of the report

11.2 Inclusions and exclusions checklist
- Exhibit 120: Inclusions checklist
- Exhibit 121: Exclusions checklist

11.3 Currency conversion rates for US$
- Exhibit 122: Currency conversion rates for US$

11.4 Research methodology
- Exhibit 123: Research methodology
- Exhibit 124: Validation techniques employed for market sizing
- Exhibit 125: Information sources

11.5 List of abbreviations
- Exhibit 126: List of abbreviations

demand for POS terminals: With the rising popularity of card-based payments, POS terminals are being deployed by the business of all sizes from big retail chains and hotels to restaurants and pop-up stores. The demand for POS terminals is driven by increased consumer awareness toward EMV standards as a large number of people are now capable of cashless transactions through EMV cards. Moreover, the commercial introduction of sophisticated technologies like near-field communication (NFC) and magnetic secure technology (MST) and the growing adoption of Internet of Things (IoT) devices are leading the customers to shift from cashless transactions to contactless transactions. Due to the growing trend toward contactless transactions, the market is witnessing a growing deployment of contactless POS terminals. Further, this deployment is driven by the increased preference for mPOS terminals. The demand for these mPOS terminals is driven by the need for portable POS terminals from SMEs, food trucks, pop-up stores, and sales traders.

Methodology

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

INFORMATION SOURCES

Primary sources

Manufacturers and suppliers
Channel partners
Industry experts
Strategic decision makers

Secondary sources

Industry journals and periodicals
Government data
Financial reports of key industry players
Historical data
Press releases

DATA ANALYSIS

Data Synthesis

Collation of data
Estimation of key figures
Analysis of derived insights

Data Validation

Triangulation with data models
Reference against proprietary databases
Corroboration with industry experts

REPORT WRITING

Qualitative

Market drivers
Market challenges
Market trends
Five forces analysis

Quantitative

Market size and forecast
Market segmentation
Geographical insights
Competitive landscape

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Key Questions Answered

What are the key global market and the regional market share?
What are the revenue-generating key market segments?
What are the key factors driving and challenging this market’s growth?
Who are the key market vendors and their growth strategies?
What are the latest trends influencing the growth of this market?
What are the variables influencing the market growth in the primary regions?
What are the factors influencing the growth of the parent market?

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