Global Freezers Market to Reach US$16.8 Billion by the Year 2027
Amid the COVID-19 crisis, the global market for Freezers estimated at US$13.2 Billion in the year 2020, is projected to reach a revised size of US$16.8 Billion by 2027, growing at a CAGR of 3.5% over the period 2020-2027.
Chest Freezers, one of the segments analyzed in the report, is projected to grow at a 3.9% CAGR to reach US$6.5 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Upright Freezers segment is readjusted to a revised 3.2% CAGR for the next 7-year period. This segment currently accounts for a 62.4% share of the global Freezers market.
The U. S. Accounts for Over 27% of Global Market Size in 2020, While China is Forecast to Grow at a 6.3% CAGR for the Period of 2020-2027
The Freezers market in the U. S. is estimated at US$3.6 Billion in the year 2020. The country currently accounts for a 26.98% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$3.5 Billion in the year 2027 trailing a CAGR of 6.3% through 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 1% and 2.6% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 1.7% CAGR while Rest of European market (as defined in the study) will reach US$3.5 Billion by the year 2027.
The publisher brings years of research experience to this 8th edition of the report. The 374-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.
Competitors identified in this market include, among others:
- AB Electrolux
- Beverage-Air Corporation
- Brandt France
- BSH Household Appliances Manufacturing Pvt. Ltd.
- DAIHAN Scientific Co. Ltd.
- Haier Group
- Hengel Industrie
- Hitachi Ltd.
- LG Electronics Inc.
- Liebherr Group
- Panasonic Corporation
- Thermo Fisher Scientific, Inc.
- Whirlpool Corporation
Key Topics Covered
I. INTRODUCTION, METHODOLOGY & REPORT SCOPE
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Global Competitor Market Shares
- Freezers Competitor Market Share Scenario Worldwide (in %): 2019 & 2025
- Impact of COVID-19 and a Looming Global Recession
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
- Total Companies Profiled: 41
For more information about this report visit https://www.researchandmarkets.com/r/1gaf0m