The global underbars refrigeration market to grow at a CAGR of 5.73% during the period 2017-2021.
The report, Global Underbars Refrigeration Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the Key vendors operating in this market.
According to the report, one driver in market is growing demand for chilled beverages. The growth of the global underbars refrigeration market is directly proportional to the growth in the alcoholic beverage industry. During the forecast period, the volume expansion in underbars refrigeration market will be driven by emerging and developing countries rather than developed countries. During the forecast period, APAC will record a fast-paced growth in the alcoholic drinks market, with China and India as the key sources of this growth.
In 2015, the alcoholic drinks market in APAC was estimated at $535.5 billion and is expected to reach $673.4 billion by 2020. The market for alcoholic drinks dominates the global beverage market. The global market for alcoholic drinks is expected to grow significantly during the forecast period. In 2015, the global alcoholic drinks market was valued at $2.26 trillion and is expected to reach $2.52 trillion by 2020. The increasing trend among consumers of social gatherings and spending evenings in pubs and lounges is expected to boost the market for alcoholic beverages at these commercial setups. As a result, these establishments are also increasing their focus on refrigeration equipment for bars so that they can enhance customer satisfaction.
- True Manufacturing
Other prominent vendors:
- Continental Refrigerator
Key Topics Covered:
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by product
PART 07: Geographical segmentation
PART 08: Market drivers
PART 09: Impact of drivers
PART 10: Market challenges
PART 11: Impact of drivers and challenges
PART 12: Market trends
PART 13: Vendor landscape
PART 14: Key vendor analysis
For more information about this report visit http://www.researchandmarkets.com/research/pfvtk4/global_underbars