As per this study the Global Chest Freezer Market was valued USD 1.75 BN (by revenue) in 2017 and is anticipated to reach USD 2.27 BN by 2024 with a CAGR of 3.8%.
 
Chest freezer is the freestanding, thermally insulated freezing appliance used to store perishable products such as vaccines, drugs, samples, precooked meals, vegetables, fruits, meat, fish, prawns, etc. Structurally, it is chest shaped freezer (either rectangular or cubical) with doors open by lifting up. Functionally, chest freezers limit the air circulation and thus maintain the temperature below freezing. Better storage space, relatively cheap, and freezing capacity are the advantages of chest freezer.
 
Objectives of the Study:

• Define and measure the global chest freezer market
• Revenue forecast of the global chest freezer market and its various sub-segments with respect to main geographies
• Analyze and identify major market trends along with the factors driving or inhibiting the market growth
• Study the company profiles of the major market players with their market share
• Analyze competitive developments

 
Market Dynamics
 
The rise in demand of frozen food products such as meat, fishes, prawns, vegetables and others is driving the market growth. Growing application of chest freezers in laboratories for preserving vaccines, injections, and other drugs is further fueling the market demand. Changing consumer-eating habits coupled with a busier lifestyle has contributed significantly in demand for frozen food products. This, in turn, is boosting the chest freezer market demand globally.
 
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter’s five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of chest freezer.
 
Market Segmentation
 
The broad chest freezer market has been sub-grouped into capacity and application. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
 
By Capacity

• 500 & Above Liters
• 300 To 500 Liters
• 200 To 300 Liters
• 200 & Below Liters

 
By Application

• Retail, Hospitality
• Food And Beverage Processing
• Cold Storage & Warehouses
• Others

 
Regional Analysis
 
Furthermore, the report comprises of the geographical segmentation, which mainly focuses on current and forecast demand for chest freezer in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
 
Europe Chest Freezer Market By Revenue (USD MN)
 

 
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the chest freezer market include AB Electrolux, Elan Professional Appliances Pvt. Ltd., Haier lnc., Kieis Ltd., Rockwell Industries Ltd., The Middleby Corporation, Western Refrigeration Private Limited, Westinghouse Electric Corporation, Whirlpool of India Limited And Williams Refrigeration. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
 
 
METHODOLOGY:
 
A combination of primary and secondary research has been used to determine the market estimates and forecasts. Sources used for secondary research include (but not limited to) Paid Data Sources, Company Websites, Technical Journals, Annual Reports, SEC Filings and various other industry publications. Specific details on methodology used for this report can be provided on demand.