The under-counter freezer is a compact, tightly packed freezer that fits under the kitchen counter or inside a cabinet. This freezer is about the same size as a compact under-counter dishwasher. Undercounter freezers, despite their modest size, can fulfill all of the duties of a bigger refrigerator, with the only major difference being the size or number of goods they can keep. Consumers are spending more on kitchen renovations as their disposable income rises and their living standards rise, opting for smart, minimalistic, and functional designs. As a result, there is a significant demand for built-in appliances and novel designs such as modular kitchens, prompting buyers to add under-counter freezers to their shopping list. The market for under-counter freezers is growing because to the increased demand for frozen food goods such as meat, fish, and vegetables, as well as the notion of minibars. In addition, the market is growing due to increased demand for under-counter freezers in laboratories for keeping injections, vaccinations, and various pharmaceuticals. The rising demand for frozen food products is mostly due to changing consumer eating patterns paired with a busy lifestyle. As a result, the demand for under-counter freezers is increasing.This growth is primarily driven by Consumers are Spending More on Revamping Their Kitchens and Rise in Demand for Frozen Food Products Such as Meat, Fish, Vegetables, and the Concept of Mini Bars.
Globally, a noticeable market trend is evident Increasing Consumption of Processed Food and Beverages. Major Vendors, such as Samsung (South Korea), Beko (Turkey), Siemens Home Appliances (Germany), Prince Castle (United States), Delfield (United States), DE Dietrich Electromenager (France), Gorenje (Slovenia), Tefcold (Denmark), Zanussi (Italy) and Precision Refrigeration (United Kingdom) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
August 2020 – Tefcold, the Danish supplier of commercial cooling and freezing equipment, has acquired Czech commercial refrigeration wholesaler NosretiVelkoobchod.
January 2020 – Samsung, India’s biggest and most trusted consumer electronics and smartphones brand, announced the launch of the Curd Maestro™ Refrigerator, the world’s first refrigerator that will not just preserve food but also prepare it.
- Consumers are Spending More on Revamping Their Kitchens
- Rise in Demand for Frozen Food Products Such as Meat, Fish, Vegetables, and the Concept of Mini Bars
- Increasing Consumption of Processed Food and Beverages
- High Cost of Operation of Undercounter Freezers
Increase in Number of Eateries, Restaurants, Pubs, Bars, and Supermarkets and Hypermarkets
Lack of Space to Store Various Items
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Undercounter Freezers Study Sheds Light on
The Undercounter Freezers Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Undercounter Freezers industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Undercounter Freezers industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.
Frequently Asked Questions (FAQ):1. What is the growth rate predicted for the Global Undercounter Freezers Market?
The Undercounter Freezers market is expected to see a CAGR of % during projected year 2020 to 2026.
2. Who are the top performing companies in Undercounter Freezers Market?
Top performing companies in the Global Undercounter Freezers market are Samsung (South Korea), Beko (Turkey), Siemens Home Appliances (Germany), Prince Castle (United States), Delfield (United States), DE Dietrich Electromenager (France), Gorenje (Slovenia), Tefcold (Denmark), Zanussi (Italy) and Precision Refrigeration (United Kingdom), to name a few.
3. Which region dominated the worldwide market for Undercounter Freezers in 2020?
is dominating the Undercounter Freezers Market.