Global Commercial Food Display Cabinet Market 2017-2021
About Commercial Food Display Cabinet
Food display cabinets refer to food service equipment used for the storing and display of food items. They are used to keep food items at optimal temperatures.
Technavio’s analysts forecast the global commercial food display cabinet market to grow at a CAGR of 5.34% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global commercial food display cabinet market for 2017-2021. To calculate the market size, the report considers the revenue generated from the commercial food display cabinets used by end-users such as hotels and restaurants, bakeries, supermarkets, and cafes.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Commercial Food Display Cabinet Market 2017-2021
Technavio recognizes the following companies as the key players in the global commercial food display cabinet market: Alto-Shaam, APW Wyott, Federal Industries, Hatco, and True Manufacturing.
Other Prominent Vendors in the market are: Alltech Refrigeration, Asparai, BAMBAS FROST, Beverage Air, Buffalo, Carrier, EPTA, Foster Refrigerator, Imbera Foodservice, IRINOX, Lincat, Master-Bilt, Metalfrio Solutions, Skyfood Equipment, and The Vollrath Company.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is influx of new technologies in commercial food display cabinets. Imbera Foodservice, a manufacturer of commercial refrigerators and refrigerated food display cabinets, has developed an in-house technology that uses the total cost of ownership model, which calculates all the food display cabinet expenses. With this, the company has redesigned some of its models to reduce the total cost of ownership by 80% when compared with its previous ones. It also started using an energy management and maintenance device, which cuts down 20% of energy consumption and reduces the maintenance cost.”
According to the report, one of the major drivers for this market is increase in number of bakeries and supermarkets. The global commercial food display cabinet market is driven primarily by the expansion of bakeries and supermarkets. The display of food products attracts customers and helps the food service operators to increase their sales. Bakeries offer varieties of food items such as hot bread items, cakes, and other baked products such as bagels and croissants along with cold food items. These stores and other retailers like supermarkets need efficient display units to preserve the food items they offer.
Further, the report states that one of the major factors hindering the growth of this market is volatality in raw material prices. The primary raw materials used for manufacturing commercial food display cabinets are aluminum, plastic, steel, and copper. The global steel market experienced a decline in the production of steel in 2015. Price changes in this market have a direct impact on the global commercial food display cabinet market.
Alto-Shaam, APW Wyott, Federal Industries, Hatco, True Manufacturing, Alltech Refrigeration, Asparai, BAMBAS FROST, Beverage Air, Buffalo, Carrier, EPTA, Foster Refrigerator, Imbera Foodservice, IRINOX, Lincat, Master-Bilt, Metalfrio Solutions, Skyfood Equipment, and The Vollrath Company.
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