1 / 3

Global Freezer Market Industry Trends & Forecast Report 2027

The global freezer market was worth USD 13.7 billion in 2020 and is further projected to reach USD 17.8 billion by 2027, at a CAGR of 3.8% during the forecast period (2021-2027).

priyanka25avhad
Télécharger la présentation

Global Freezer Market Industry Trends & Forecast Report 2027

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Global Freezer Market

  2. A study recently conducted by the strategic consulting and market research firm, BlueWeave Consulting, revealed that the global freezer market was worth USD 13.7 billion in 2020 and is further projected to reach USD 17.8 billion by 2027, at a CAGR of 3.8% during the forecast period (2021-2027). The global freezer market is being driven by the rising numbers of nuclear families and growing investments in the innovation of refrigerators. Rising income levels, as well as the availability of various financing options, are some of the main trends driving the market growth. Increasing Number of Restaurants and Supermarket The global freezer market is booming as more restaurants and supermarkets are opening their doors around the world. At the same time, the requirements for large storage facilities for storing vegetables, meat, and other packed food items are rising in restaurants. Also, new supermarkets are being established with a customer-centric approach in order to boost sales. As per an article published in January 2020, a leading supermarket retailer has seen an increase in walk-in sales from 20% to 40% when they used programs like in-store pop-ups, events, and cooking classes.

  3. Availability of Several Financing Schemes A lot of people are migrating to Tier I cities as a result of urbanization, thus raising their living standards, which in turn is increasing the demand for high-tech, advanced home appliances, such as the refrigerator. Furthermore, the availability of multiple payment options is fueling the global freezer market. Many banks have introduced funding programs, with or without collaboration with key market players. This allows consumers to own items they want without having to pay the full price at the time of purchase. Furthermore, several banks and e-commerce giants are launching seasonal sales and discount deals on home appliances, allowing the global freezer market to grow by leaps and bounds. Read More:https://www.blueweaveconsulting.com/global-freezer-market-report/report-sample

More Related