The global glass door market will grow at a CAGR of 7.5% from 2022 to 2028
The global glass doors market is set to witness high growth over the forecast period, which can be attributed to economic growth, urbanization, improvement in people’s living standards, and infrastructure development.
Rising food and beverage consumption and increasing focus on marketing and promotion of products to attract customers are two factors driving the glass door market.
The growing demand for food and beverage product displays to promote and market food and beverage products to attract customers will further increase this demand. The need for fewer resources and higher volumes is driving the development of new technologies, especially in the retail industry.
The use of glass door products increases the retailer's ability to sell food and beverages. Economic growth, improvement of people's living standards, and urbanization in developing countries such as India, China, and Asia-Pacific will boost the global glass door market demand.
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However, rising raw material prices will be a major restraint for the global glass door market. Major global players are partnering with several companies and distributors to sell their products and increase their footprints in the global glass doors market. Technological advancements and R&D activities will create new opportunities for key players in the global glass doors market.
The glass door market is segmented into retail outlets, commercial complexes, and commercial kitchens. On the basis of application areas, the retail segment will dominate in terms of value and volume during the forecast period, and the retail segment will also grow at a relatively high CAGR.
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Asia Pacific will account for over 49% of the global glass door market value during 2022-2028, while North America will account for the second largest share. China, India and Southeast Asia and the Pacific are expected to be the fastest growing regions, registering a CAGR of 9% during the forecast period. The figure is expected to reach $13,557.9 million by the end of 2028, while growing at a CAGR of 7.3%. Among the segment by configuration, the stand-alone glass door market is expected to account for the largest share in terms of value and volume, and the hinged door type market is expected to grow at a relatively high CAGR.
P.S. The article comes from China Glass Network(www.glass.com.cn)
Rising food and beverage consumption and increasing focus on marketing and promotion of products to attract customers are two factors driving the glass door market.
The growing demand for food and beverage product displays to promote and market food and beverage products to attract customers will further increase this demand. The need for fewer resources and higher volumes is driving the development of new technologies, especially in the retail industry.
The use of glass door products increases the retailer's ability to sell food and beverages. Economic growth, improvement of people's living standards, and urbanization in developing countries such as India, China, and Asia-Pacific will boost the global glass door market demand.
.jpg)
However, rising raw material prices will be a major restraint for the global glass door market. Major global players are partnering with several companies and distributors to sell their products and increase their footprints in the global glass doors market. Technological advancements and R&D activities will create new opportunities for key players in the global glass doors market.
The glass door market is segmented into retail outlets, commercial complexes, and commercial kitchens. On the basis of application areas, the retail segment will dominate in terms of value and volume during the forecast period, and the retail segment will also grow at a relatively high CAGR.
.jpg)
Asia Pacific will account for over 49% of the global glass door market value during 2022-2028, while North America will account for the second largest share. China, India and Southeast Asia and the Pacific are expected to be the fastest growing regions, registering a CAGR of 9% during the forecast period. The figure is expected to reach $13,557.9 million by the end of 2028, while growing at a CAGR of 7.3%. Among the segment by configuration, the stand-alone glass door market is expected to account for the largest share in terms of value and volume, and the hinged door type market is expected to grow at a relatively high CAGR.
P.S. The article comes from China Glass Network(www.glass.com.cn)