The compound annual growth rate of the global glass door and window market from 2022 to 2028 is 7.5%
In its latest report entitled "Glass Door Market: 2013-2021 Global Industry Analysis and 2022-2028 Opportunity Assessment", FMI has made a detailed analysis of the global glass door market and provided key insights. From a long-term perspective, the market is Optimistic, and the glass door market is expected to reach US$6.6861 billion in 2022.
It is estimated that by the end of 2028, the figure will reach USD 13.557.9 billion, with a compound annual growth rate of 7.3%. Among the segments divided by configuration, the independent glass door market is expected to account for the largest share in terms of value and quantity, and the hinged door market will grow at a relatively high compound annual growth rate.
In some regions, the Asia-Pacific region, excluding Japan, is expected to maintain a dominant position throughout the forecast period, with a growth rate of 9.03% from 2022 to 2028. In this report, FMI clarified the opportunities and constraints that may affect the glass door market during this period.
Global glass door and window market: dynamics
Market insights show that the global glass door and window market will experience rapid growth during the forecast period, which can be attributed to economic growth, urbanization, the improvement of people’s living standards, and infrastructure development.
Increasing consumption of food and beverages, and increasing attention to product marketing and promotion to attract customers are the two factors driving the glass door market.
The growing demand for food and beverage product displays, to promote and market food and beverage products, to attract customers will further increase this demand. The demand for fewer resources and higher output is driving the development of new technologies, especially in the retail industry.
The use of glass door products has improved retailers' food and beverage sales capabilities. The economic growth, improvement of people's living standards, and urbanization in developing countries such as India, China, and the Asia-Pacific region will boost the demand for the global glass door market.
However, the increase in raw material prices will be the main limitation of the global glass door market. Major global players are working with multiple companies and distributors to sell their products and increase their footprint in the global glass door market. Technological advancements and R&D activities will create new opportunities for major players in the global glass door market.
Figure 1 The food display cabinet 1
Global glass door and window market: market segments
The glass door and window market is segmented into retail outlets, commercial complexes, and commercial kitchens. Based on the application field, the retail sector will dominate in value and quantity during the forecast period, and the retail sector will also grow at a relatively high compound annual growth rate.
Figure 2 The display cabinet from commercial complex 1
Global glass door and window market: regional outlook
From 2022 to 2028, the Asia-Pacific region accounts for more than 49% of the global glass door market value, while North America accounts for the second-largest share. China, India, Southeast Asia, and the Pacific are expected to be the fastest-growing regions, with a compound annual growth rate of 9% during the forecast period.
The huge population base, the growing economy, urbanization, the improvement of living standards, and the development of infrastructure are some of the important factors driving the market demand for glass doors.
The report highlights the major players in the global glass door and window market, including
Everest,
UAF ErorLT,
and Hussmann Corporation.
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