Valued to be $16.3 Billion by 2026, Freezers Slated for Steady Growth Worldwide
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SAN FRANCISCO, Sept. 17, 2021 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Freezers - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.
FACTS AT A GLANCE
Edition: 8; Released: April 2021
Executive Pool: 1639
Companies: 23 - Players covered include 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 and Others.
Coverage: All major geographies and key segments
Segments: Application (Residential, Commercial, Industrial); Door Type (1 Door, 2 Doors, 3 Doors, 4 Doors); Product Type (Chest Freezers, Upright Freezers)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.
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ABSTRACT-
Global Freezers Market to Reach $16.3 Billion by 2026
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$16.3 Billion by 2026, growing at a CAGR of 3.5% over the analysis period. Chest Freezers, one of the segments analyzed in the report, is projected to record a 3.9% CAGR and reach US$6.5 Billion by the end of the analysis period. After a thorough 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.
The U.S. Market is Estimated at $3.7 Billion in 2021, While China is Forecast to Reach $3.3 Billion by 2026
The Freezers market in the U.S. is estimated at US$3.7 Billion in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$3.3 Billion by the year 2026 trailing a CAGR of 6.3% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 1% and 2.6% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 1.7% CAGR. More
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Zak Ali
Director, Corporate Communications
Global Industry Analysts, Inc.
Phone: 1-408-528-9966
www.StrategyR.com
Email: [email protected]
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SOURCE Global Industry Analysts, Inc.
