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Refrigerated Cabinet Market Growth, Size, Trends, Analysis Report by Type, Application, Region and Segment Forecast 2022-2026

  • Published: May 2022
  • Pages: 120
  • SKU: IRTNTR44074
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The predicted growth of the refrigerated cabinet market share from 2021 to 2026 is USD 8.06 billion at a progressing CAGR of 3.96%.

This refrigerated cabinet market research report extensively covers refrigerated cabinet market segmentation by:

  • Product - Storage cabinet, Wine cabinet, and Others
  • Geography - APAC, Europe, North America, South America, and Middle East and Africa

The refrigerated cabinet market vendors are - Africhill, Ali Group Srl, Carrier Global Corp., Coldline Srl, Daikin Industries Ltd., Dalucon Refrigeration Products CC, Dover Corp., FRIGOGLASS SAIC, Haier Smart Home Co. Ltd., Hengel Industrie, HOSHIZAKI Corp., Husky Corp., Illinois Tool Works Inc., ISA Spa, LEEC Ltd., Liebherr International AG, Metalfrio Solutions SA, Panasonic Corp., SCHOTT AG, Viessmann Werke GmbH and Co. KG, and Imbera among others.

What will the Refrigerated Cabinet Market Size be During the Forecast Period?

Refrigerated Cabinet Market Size

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Refrigerated Cabinet Market: Key Drivers, Trends, and Challenges

Based on our research output, there has been a negative impact on the market growth during and post COVID-19 era. The growing demand for energy-efficient models of commercial refrigeration equipment is notably driving the refrigerated cabinet market growth, although factors such as high-average product life and maturity for product category in developed markets affecting upgrade purchase may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the refrigerated cabinet industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Refrigerated Cabinet Market Driver

One of the key factors driving growth in the refrigerated cabinet market is the growing demand for energy-efficient models of commercial refrigeration equipment. Vendors and customers are working toward reducing their carbon footprints due to global warming and high energy consumption. Vendors are introducing environment-friendly commercial refrigerator cabinets and freezers, appealing to eco-conscious industry operators in the end-user market. The manufacturers of refrigerated cabinets are using state-of-the-art components such as energy-efficient compressors and intelligent controllers that are used to increase energy efficiency for the refrigerated cabinet without forgoing the capability. Such features and benefits of using energy-efficient refrigerated cabinets have encouraged the adoption of new equipment and equipment upgrades among end-users. In addition, various government agencies and regulatory bodies governing the market are constantly framing policies to promote energy-efficient refrigerators. Such favorable government policies have increased the demand for energy-efficient refrigerated cabinets.

Key Refrigerated Cabinet Market Trend

The growing preference for customized refrigerated cabinets is a refrigerated cabinet market trend that is expected to have a positive impact in the coming years. Customization in this context refers to the modification of refrigerated cabinets according to end-users tasks. Vendors offer customized refrigerated cabinets to match their customer's applications. A customized refrigerated cabinet enables consumers to take advantage of the latest technological advances, which can meet the changing refrigeration needs of users. An oversized refrigerated cabinet leads to the wastage of energy and money, while a small refrigerated cabinet tends to operate constantly without maintaining ideal temperatures for all food items stored. Hence, the benefits of customized refrigerated cabinets are increasing the demand for refrigerated cabinets. The growing preference for customized refrigerated cabinets will lead to the growth of the global refrigerated cabinets market during the forecast period.

Key Refrigerated Cabinet Market Challenge

The high-average product life and maturity for product category in developed markets affecting upgrade purchase will be a major challenge for the refrigerated cabinet market during the forecast period. Due to the high-average product life, consumers purchase refrigerated cabinets only when required. These products are meant for long-term use and generally do not require frequent replacement. The average life of a refrigerated cabinet is between 9 and 12 years. This eliminates the need for the frequent purchase of refrigerated cabinets, which acts as a major growth barrier for the market. Consumers only need to incur minimal maintenance costs. In addition, due to the high cost of the replacement of refrigerated cabinets, end-users usually opt for the replacement of components instead of buying a new refrigerated cabinet. Therefore, high-average product life and consumers unlikely to upgrade their refrigerated cabinets are hindering the growth of the market.

This refrigerated cabinet 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 refrigerated cabinet market as a part of the global household appliances market within the global household durables industry. 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 refrigerated cabinet market during the forecast period.

Who are the Major Refrigerated Cabinet Market Vendors?

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

 

  • Africhill
  • Ali Group Srl
  • Carrier Global Corp.
  • Coldline Srl
  • Daikin Industries Ltd.
  • Dalucon Refrigeration Products CC
  • Dover Corp.
  • FRIGOGLASS SAIC
  • Haier Smart Home Co. Ltd.
  • Hengel Industrie
  • HOSHIZAKI Corp.
  • Husky Corp.
  • Illinois Tool Works Inc.
  • ISA Spa
  • LEEC Ltd.
  • Liebherr International AG
  • Metalfrio Solutions SA
  • Panasonic Corp.
  • SCHOTT AG
  • Viessmann Werke GmbH and Co. KG
  • Imbera

 

This statistical study of the refrigerated cabinet market encompasses successful business strategies deployed by the key vendors. The refrigerated cabinet market is fragmented and the vendors are deploying growth strategies such as prioritizing product innovation by focusing on research and development (R and D) facilities and investments to compete in the market.

Product Insights and News

  • Ali Group Srl - Ali Group Srl is a privately held company headquartered in Italy. It is a global company, with limited information regarding its financials and has around 10,000 employees. Its revenue from the global refrigerated cabinet contributes to its overall revenues along with its other offerings, but it is not a key revenue stream for the company. 
  • Ali Group Srl - The company offers refrigerated cabinets under the brands such as Friulinox, and Polaris.

To make the most of the opportunities and recover from 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 refrigerated cabinet 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.

Refrigerated Cabinet Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the refrigerated cabinet 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 Refrigerated Cabinet Market?

Refrigerated Cabinet Market Market segmentation by region

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49% of the market's growth will originate from APAC during the forecast period. China and India are the key markets for refrigerated cabinets in APAC. Market growth in this region will be faster than the growth of the market in other regions.

The improved and stabilized socio-economic conditions in APAC countries will facilitate the refrigerated cabinet market growth in APAC 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 market in the region witnessed certain challenges owing to the outbreak of COVID-19. The outbreak resulted in the imposition of a prolonged lockdown in this region that negatively affected the overall economy of the region and the supply chain of both industrial and commercial sectors. However, the increasing number of deaths and rising hospitalization rates due to the COVID-19 pandemic, on the other hand, fuel the demand for mortuary cabinets and refrigerated cabinets from healthcare facilities in the region. 

What are the Revenue-generating Product Segments in the Refrigerated Cabinet Market?

Refrigerated Cabinet Market Segmentation

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The refrigerated cabinet market share growth by the storage cabinet segment will be significant during the forecast period. The growth of the retail sector across the world, especially in emerging countries, drives the demand for refrigerated storage cabinets. Refrigerated cabinets have extensive application in retail outlets, commercial kitchens, hospitals, institutional catering, and pharmacies, among others. The increasing number of investments in the retail sector and the food service industry in APAC is driving the growth of storage cabinets in the region.

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

 

Refrigerated Cabinet Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 3.96%

Market growth 2022-2026

$ 8.06 billion

Market structure

Fragmented

YoY growth (%)

3.11

Regional analysis

APAC, Europe, North America, South America, and Middle East and Africa

Performing market contribution

APAC at 49%

Key consumer countries

US, China, India, Germany, and UK

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Africhill, Ali Group Srl, Carrier Global Corp., Coldline Srl, Daikin Industries Ltd., Dalucon Refrigeration Products CC, Dover Corp., FRIGOGLASS SAIC, Haier Smart Home Co. Ltd., Hengel Industrie, HOSHIZAKI Corp., Husky Corp., Illinois Tool Works Inc., ISA Spa, LEEC Ltd., Liebherr International AG, Metalfrio Solutions SA, Panasonic Corp., SCHOTT AG, Viessmann Werke GmbH and Co. KG, and Imbera

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period

Customization purview

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What are the Key Data Covered in this Refrigerated Cabinet Market Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive refrigerated cabinet market growth during the next five years
  • Precise estimation of the refrigerated cabinet market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the refrigerated cabinet industry across APAC, Europe, North America, South America, and 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 refrigerated cabinet market vendors

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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 Product
    • 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 between2021 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 Product

    • 5.1 Market segments
      • Exhibit 24: Chart on Product - Market share 2021-2026 (%)
      • Exhibit 25: Data Table on Product - Market share 2021-2026 (%)
    • 5.2 Comparison by Product
      • Exhibit 26: Chart on Comparison by Product
      • Exhibit 27: Data Table on Comparison by Product
    • 5.3 Storage cabinet - Market size and forecast 2021-2026
      • Exhibit 28: Chart on Storage cabinet - Market size and forecast 2021-2026 ($ million)
      • Exhibit 29: Data Table on Storage cabinet - Market size and forecast 2021-2026 ($ million)
      • Exhibit 30: Chart on Storage cabinet - Year-over-year growth 2021-2026 (%)
      • Exhibit 31: Data Table on Storage cabinet - Year-over-year growth 2021-2026 (%)
    • 5.4 Wine cabinet - Market size and forecast 2021-2026
      • Exhibit 32: Chart on Wine cabinet - Market size and forecast 2021-2026 ($ million)
      • Exhibit 33: Data Table on Wine cabinet - Market size and forecast 2021-2026 ($ million)
      • Exhibit 34: Chart on Wine cabinet - Year-over-year growth 2021-2026 (%)
      • Exhibit 35: Data Table on Wine cabinet - Year-over-year growth 2021-2026 (%)
    • 5.5 Others - Market size and forecast 2021-2026
      • Exhibit 36: Chart on Others - Market size and forecast 2021-2026 ($ million)
      • Exhibit 37: Data Table on Others - Market size and forecast 2021-2026 ($ million)
      • Exhibit 38: Chart on Others - Year-over-year growth 2021-2026 (%)
      • Exhibit 39: Data Table on Others - Year-over-year growth 2021-2026 (%)
    • 5.6 Market opportunity by Product
      • Exhibit 40: Market opportunity by Product ($ million)

    6 Customer Landscape

    • 6.1 Customer landscape overview
      • Exhibit 41: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    7 Geographic Landscape

    • 7.1 Geographic segmentation
      • Exhibit 42: Chart on Market share by geography 2021-2026 (%)
      • Exhibit 43: Data Table on Market share by geography 2021-2026 (%)
    • 7.2 Geographic comparison
      • Exhibit 44: Chart on Geographic comparison
      • Exhibit 45: Data Table on Geographic comparison
    • 7.3 APAC - Market size and forecast 2021-2026
      • Exhibit 46: Chart on APAC - Market size and forecast 2021-2026 ($ million)
      • Exhibit 47: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
      • Exhibit 48: Chart on APAC - Year-over-year growth 2021-2026 (%)
      • Exhibit 49: Data Table on APAC - Year-over-year growth 2021-2026 (%)
    • 7.4 Europe - Market size and forecast 2021-2026
      • Exhibit 50: Chart on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 51: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 52: Chart on Europe - Year-over-year growth 2021-2026 (%)
      • Exhibit 53: Data Table on Europe - Year-over-year growth 2021-2026 (%)
    • 7.5 North America - Market size and forecast 2021-2026
      • Exhibit 54: Chart on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 55: Data Table on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 56: Chart on North America - Year-over-year growth 2021-2026 (%)
      • Exhibit 57: Data Table on North America - Year-over-year growth 2021-2026 (%)
    • 7.6 South America - Market size and forecast 2021-2026
      • Exhibit 58: Chart on South America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 59: Data Table on South America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 60: Chart on South America - Year-over-year growth 2021-2026 (%)
      • Exhibit 61: Data Table on South America - Year-over-year growth 2021-2026 (%)
    • 7.7 Middle East and Africa - Market size and forecast 2021-2026
      • Exhibit 62: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Exhibit 63: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Exhibit 64: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
      • Exhibit 65: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
    • 7.8 US - Market size and forecast 2021-2026
      • Exhibit 66: Chart on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 67: Data Table on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 68: Chart on US - Year-over-year growth 2021-2026 (%)
      • Exhibit 69: Data Table on US - Year-over-year growth 2021-2026 (%)
    • 7.9 China - Market size and forecast 2021-2026
      • Exhibit 70: Chart on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 71: Data Table on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 72: Chart on China - Year-over-year growth 2021-2026 (%)
      • Exhibit 73: Data Table on China - Year-over-year growth 2021-2026 (%)
    • 7.10 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 (%)
    • 7.11 India - Market size and forecast 2021-2026
      • Exhibit 78: Chart on India - Market size and forecast 2021-2026 ($ million)
      • Exhibit 79: Data Table on India - Market size and forecast 2021-2026 ($ million)
      • Exhibit 80: Chart on India - Year-over-year growth 2021-2026 (%)
      • Exhibit 81: Data Table on India - Year-over-year growth 2021-2026 (%)
    • 7.12 UK - Market size and forecast 2021-2026
      • Exhibit 82: Chart on UK - Market size and forecast 2021-2026 ($ million)
      • Exhibit 83: Data Table on UK - Market size and forecast 2021-2026 ($ million)
      • Exhibit 84: Chart on UK - Year-over-year growth 2021-2026 (%)
      • Exhibit 85: Data Table on UK - Year-over-year growth 2021-2026 (%)
    • 7.13 Market opportunity by geography
      • Exhibit 86: 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 87: Impact of drivers and challenges in 2021 and 2026
        • 8.4 Market trends

          9 Vendor Landscape

          • 9.1 Overview
            • 9.2 Vendor landscape
              • Exhibit 88: Overview on Criticality of inputs and Factors of differentiation
            • 9.3 Landscape disruption
              • Exhibit 89: Overview on factors of disruption
            • 9.4 Industry risks
              • Exhibit 90: Impact of key risks on business

            10 Vendor Analysis

            • 10.1 Vendors covered
              • Exhibit 91: Vendors covered
            • 10.2 Market positioning of vendors
              • Exhibit 92: Matrix on vendor position and classification
            • 10.3 Ali Group Srl
              • Exhibit 93: Ali Group Srl - Overview
              • Exhibit 94: Ali Group Srl - Product / Service
              • Exhibit 95: Ali Group Srl - Key offerings
            • 10.4 Carrier Global Corp.
              • Exhibit 96: Carrier Global Corp. - Overview
              • Exhibit 97: Carrier Global Corp. - Business segments
              • Exhibit 98: Carrier Global Corp. - Key news
              • Exhibit 99: Carrier Global Corp. - Key offerings
              • Exhibit 100: Carrier Global Corp. - Segment focus
            • 10.5 Haier Smart Home Co. Ltd.
              • Exhibit 101: Haier Smart Home Co. Ltd. - Overview
              • Exhibit 102: Haier Smart Home Co. Ltd. - Business segments
              • Exhibit 103: Haier Smart Home Co. Ltd. - Key offerings
              • Exhibit 104: Haier Smart Home Co. Ltd. - Segment focus
            • 10.6 HOSHIZAKI Corp.
              • Exhibit 105: HOSHIZAKI Corp. - Overview
              • Exhibit 106: HOSHIZAKI Corp. - Business segments
              • Exhibit 107: HOSHIZAKI Corp. - Key news
              • Exhibit 108: HOSHIZAKI Corp. - Key offerings
              • Exhibit 109: HOSHIZAKI Corp. - Segment focus
            • 10.7 Husky Corp.
              • Exhibit 110: Husky Corp. - Overview
              • Exhibit 111: Husky Corp. - Product / Service
              • Exhibit 112: Husky Corp. - Key offerings
            • 10.8 Illinois Tool Works Inc.
              • Exhibit 113: Illinois Tool Works Inc. - Overview
              • Exhibit 114: Illinois Tool Works Inc. - Business segments
              • Exhibit 115: Illinois Tool Works Inc. - Key offerings
              • Exhibit 116: Illinois Tool Works Inc. - Segment focus
            • 10.9 ISA Spa
              • Exhibit 117: ISA Spa - Overview
              • Exhibit 118: ISA Spa - Product / Service
              • Exhibit 119: ISA Spa - Key offerings
            • 10.10 Liebherr International AG
              • Exhibit 120: Liebherr International AG - Overview
              • Exhibit 121: Liebherr International AG - Product / Service
              • Exhibit 122: Liebherr International AG - Key news
              • Exhibit 123: Liebherr International AG - Key offerings
            • 10.11 Metalfrio Solutions SA
              • Exhibit 124: Metalfrio Solutions SA - Overview
              • Exhibit 125: Metalfrio Solutions SA - Business segments
              • Exhibit 126: Metalfrio Solutions SA - Key offerings
              • Exhibit 127: Metalfrio Solutions SA - Segment focus
            • 10.12 Panasonic Corp.
              • Exhibit 128: Panasonic Corp. - Overview
              • Exhibit 129: Panasonic Corp. - Business segments
              • Exhibit 130: Panasonic Corp. - Key offerings
              • Exhibit 131: Panasonic Corp. - Segment focus

            11 Appendix

            • 11.1 Scope of the report
              • 11.2 Inclusions and exclusions checklist
                • Exhibit 132: Inclusions checklist
                • Exhibit 133: Exclusions checklist
              • 11.3 Currency conversion rates for US$
                • Exhibit 134: Currency conversion rates for US$
              • 11.4 Research methodology
                • Exhibit 135: Research methodology
                • Exhibit 136: Validation techniques employed for market sizing
                • Exhibit 137: Information sources
              • 11.5 List of abbreviations
                • Exhibit 138: List of abbreviations

                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.

                TechnavioINFORMATION 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
                Technavio

                TechnavioDATA 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
                Technavio

                TechnavioREPORT 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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                Refrigerated Cabinet market growth will increase by $8062.78 million during 2022-2026.
                The refrigerated cabinet market is expected to grow at a CAGR of 3.96% during 2022-2026.
                Technavio has segmented the refrigerated cabinet market by product (Storage cabinet, Wine cabinet, and Others) and geographic (APAC, Europe, North America, South America, and Middle East and Africa).
                Africhill, Ali Group Srl, Carrier Global Corp., Coldline Srl, Daikin Industries Ltd., Dalucon Refrigeration Products CC, Dover Corp., FRIGOGLASS SAIC, Haier Smart Home Co. Ltd., Hengel Industrie, HOSHIZAKI Corp., Husky Corp., Illinois Tool Works Inc., ISA Spa, LEEC Ltd., Liebherr International AG, Metalfrio Solutions SA, Panasonic Corp., SCHOTT AG, Viessmann Werke GmbH and Co. KG, Imbera are a few of the key vendors in the refrigerated cabinet market.
                APAC will register the highest growth rate of 48.97% among the other regions. Therefore, the refrigerated cabinet market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
                The key factors driving the refrigerated cabinet market growth are:
                • Growing demand for energy-efficient models of commercial refrigeration equipment
                • Growing preference for customized refrigerated cabinets
                The refrigerated cabinet market vendors should focus on grabbing business opportunities from the storage cabinet segment as it accounted for the largest market share in the base year.
                • 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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