Global Glass Door Merchandiser Market - 2023-2030

Market Overview

Global Glass Door Merchandiser Market reached US$ 5.5 billion in 2022 and is expected to reach US$ 8.6 billion by 2030, growing with a CAGR of 5.8% during the forecast period 2023-2030.

During the forecast period, growing urbanization, especially in developing countries is likely to propel the growth of the global glass door merchandiser market. Urbanization leads to major socio-economic changes that alter consumer lifestyles. It creates a growing demand for packaged food products, which consequently increases demand for glass door merchandiser among retailers.

The expansion of retail infrastructure, in developing and developed regions will also contribute to global market growth during the forecast period. Many retail brands are undertaking investments to expand their operations and strengthen supply chains. For instance, in February 2023, Target, a major U.S.-based retail company, announced an investment of US$ 100 million to strengthen its supply chains and last mile delivery solutions ahead of a planned expansion of its stores in U.S.

Market Dynamics

New Product Launches by F&B Companies

With consumers increasingly seeking convenience, the demand for packaged food and beverage products has grown considerably over the past decade. Rising demand has led food and beverage manufacturers to expand their product lineup of ready-to-eat foods and packaged beverages. To reach more consumers, food and beverage companies are launching different types of packaged foods in various serving sizes and price points.

Another major factor influencing new product launch is expansion of companies to new regions. Food and beverage companies generally create products that are accommodating to local tastes and are based on local cuisines. With new product launches by every major food brand, retail outlets are expanding their retail space dedicated to glass door merchandiser displays.

Advances in Glass Door Merchandiser Technology

Over the past few years, advancements in cooling technologies and the development of new insulation materials have led to more energy-efficient glass door merchandisers. These units consume less electricity while maintaining optimal cooling conditions, resulting in cost savings for retailers and reduced environmental impact.

IoT (Internet of Things) and smart sensors arrays enable glass door merchandisers to regulate temperatures more accurately and efficiently. Modern glass door merchandiser models are being increasingly equipped with digital screens and interactive panels. Retailers can display product information, promotions and branding, enhancing customer engagement to influence purchasing decisions. With new technological advancements leading to lower operating costs, the adoption of glass door merchandisers is likely to increase over the coming years.

High Operational Costs

Glass door merchandisers extensively use electricity to power their cooling and lighting systems. With volatile energy prices, especially in developed regions such as Europe, retailers and other end-users are becoming increasingly hesitant to invest in merchandisers due to concerns about increased operating expenses, which can erode their profit margins.

While glass door merchandisers are generally more energy-efficient than open display units, the cost savings from reduced energy consumption require significant time to offset the initial investment. Many retailers perceive the long-term operational expenses for glass door merchandisers as a drawback, since various other factors can impact energy savings in the long term.

COVID-19 Impact Analysis

The COVID-19 pandemic created serious challenges for the global market due to supply chains disruptions on account of lockdowns, travel restrictions and factory closures. It resulted in delays in the production and delivery of glass door merchandisers, leading to shortages and increased lead times for retailers and businesses. The shortage of new glass door merchandisers led to increased prices in the second-hand market.

Many retail outlets, such as supermarkets, convenience stores and restaurants, experienced a drastic decline in footfall due to restricted operations caused by the implementation of social distancing measures. With fewer customers, there was a reduced demand for glass door merchandisers from major end-users for a major duration of the pandemic.

AI Impact Analysis

An array of AI-powered sensors and algorithms can be utilized in modern glass door merchandisers to maintain optimal temperature levels inside glass door merchandisers based on the specific requirements of the displayed products. It will ensures energy-efficient cooling and maintain product freshness and quality.

AI-enabled glass door merchandisers can be equipped with cameras and machine vision technology to analyze customer demographics and behavior trends. Retailers can leverage the information to display targeted advertisements and promotions based on individual preferences, thus increasing sales opportunities.

Russia-Ukraine War Impact Analysis

The war between Russia and Ukraine has not majorly affected the global market at large, but demand for glass door merchandisers has fallen in both countries. Due to large-scale destruction of infrastructure and refugee exodus, the demand for glass door merchandisers from Ukraine will be significantly depressed over the short and medium term.

The demand for glass door merchandisers in Russia has also decreased significantly on account of stringent western sanctions on Russian businesses. Many multinational retail companies in Russia have exited the market due to the sanctions. Russian businesses have since relied upon the international grey market to fulfill demand for glass door merchandisers.

Segment Analysis

The global glass door merchandiser market is segmented based on type, end-user and region.

Retail Outlets are the Biggest End-Users of Glass Door Merchandisers

Retail outlets have the highest share, accounting for nearly half of the global market. Retail outlets such as convenience stores, supermarkets and hypermarkets extensively utilize glass door merchandise to display various types of packaged ready-to-eat and ready-to-cook products, beverages, packaged fresh products and desserts.

Retail outlets typically utilize multiple glass door merchandisers, strategically located in different places all across the store to attract consumer interest. The larger the store, the more merchandisers are used. Furthermore, as retail brands expand to semi-urban and rural areas in developing countries, the demand for glass door merchandiser is expected to increase.

Geographical Analysis

Advancements in Retail Technology to Propel Market Growth in North America

North America accounts for more than a third of the global market. North America is a high-income, developed region with an urbanized population. North America has major global retail chains including Walmart, Target, Kroger, Aldi's, Trader Joe's, Costco, Loblaw's, Lidl's and Whole Foods Market. The retail industry in North America, especially U.S. is highly fragmented and competitive with many chains expanding their operations to new cities.

New technological advances are likely to augment demand in North America over the forecast period. All major retail chains are considering fully automated, self-checkout stores which do not require humans for operation, allowing them to operate large retail spaces with low operating costs and high efficiency. For instance, in April 2023, Walmart, one of the largest U.S.-based retail chains, announced plans to automate the majority of its stores by 2026.

Competitive Landscape

The major global players include: Hobart Canada, Turbo Air Inc., ARNEG S.P.A, Liebherr, True Manufacturing Co., Inc., Migali, Procool, Traulsen, Hussmann Corporation and Hoshizaki Corporation.

Why Purchase the Report?

• To visualize the global glass door merchandiser market segmentation based on type, end-user and region, as well as understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development.
• Excel data sheet with numerous data points of glass door merchandiser market-level with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as Excel consisting of key products of all the major players.

The global glass door merchandiser market report would provide approximately 50 tables, 48 figures and 182 Pages.

Target Audience 2023

• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies