CIS Ice Cream Freezers Market, By Type (Chest Freezers/Deep Freezers, Display Freezers, Batch Freezers, Continuous Freezers, Upright Freezers, Frost Free Freezers, Drawer Freezers and Portable Freezers), Components (Compressor, Condenser, Filter/Dryer, Expansion Value, Evaporator, Accumulator, Fan Motor and Others), Capacity (Less Than 70 Litres, 70-150 Litres, 150-300 Litres, 300-500 Litres, 500-700 Litres and More Than 700 Litres), Technology (Manual, Semi-Automated and Fully Automated), Distribution Channel (Online, Specialty Stores, Retail Outlets, Distributors/Dealers, Electronic Stores, Supermarket/Hypermarket and Others), End-User (Residential and Commercial), Country (Azerbaijan, Armenia, Belarus, Georgia, Kazakhstan, Kyrgyzstan, Moldova, Russia, Tajikistan, Turkmenistan, Uzbekistan And Ukraine) Industry Trends and Forecast to 2028
Market Analysis and Insights: CIS Ice Cream Freezers Market
CIS ice cream freezers market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses that the market is growing with a CAGR of 4.1% in the forecast period of 2021 to 2028 and is expected to reach USD 102,291.64 thousand by 2028.
The freezer is a modern invention that used to store food products at a shallow temperature. They are primarily used to store vegetables, frozen foods, and ice cream, among others. The different types of freezers in the market include chest freezer, upright freezer, drawer freezer, portable freezer, frost freezer, continuous freezer, and batch freezer. They are available in different capacities such as less than 70 litres, 70-150 litres, 150-300 litres, 300-500 litres, 500-700 litres and more than 700 litres. The freezers are updated with intelligent characteristics due to smart technologies, namely auto defrosting, low energy consumption, and the appliance featured with smartphone connection. Moreover, the refrigerator or freezers are incorporated with advanced technology include manual, semi-automated and fully automated. Furthermore, the freezers are used for residential and commercial purposes.
Whereas the major factors restraining CIS ice cream freezers market are, high energy consumption and intense pricing pressure on manufacturers.
The demand for ice cream freezers is increasing, for which manufacturers are now more focused and are involved in product launch, partnership, collaboration, event participation, expansion, certification, acquisition, and innovation in the market. These decisions ultimately enhance the growth of the market.
This ice cream freezers market report provides details of market share, new developments, and product pipeline analysis, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market. To understand the analysis and the commercial seaweed market scenario contact Data Bridge Market Research for an Analyst Brief, our team will help you create a revenue impact solution to achieve your desired goal.
CIS ice cream freezers market is categorized into six segments on the basis of type, components, capacity, technology, distribution channel and end-user. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of type, CIS ice cream freezers market is segmented into chest freezers/deep freezers, upright freezers, drawer freezers, portable freezers, display freezers, frost free freezers, continuous freezers and batch freezers. In 2021, display freezer segment is anticipated to dominate the CIS ice cream freezers market due to availability and technology development for the freezers.
- On the basis of components, CIS ice cream freezers market is segmented into compressor, condenser, filter/dryer, expansion value, evaporator, accumulator, fan motor and others. In 2021, the evaporator segment is expected to dominate the ice cream freezers market due to its operating efficiency and accessibility in the market.
- On the basis of capacity, CIS ice cream freezers market is segmented into less than 70 litres, 70-150 litres, 150-300 litres, 300-500 litres, 500-700 litres and more than 700 litres. In 2021, the 150-300 segments are anticipated to dominate the CIS ice cream freezers market due to convenience and increasing demand among consumers.
- On the basis of technology, CIS ice cream freezers market is segmented into manual, semi-automated and fully automated. In 2021, the fully automatic segment is anticipated to dominate the CIS ice cream freezers market due to increased adoption of smart technologies.
- On the basis of distribution channel, CIS ice cream freezers market is segmented into online, specialty stores, retail outlets, distributors/dealers, electronic stores, supermarket/hypermarket and others. In 2021, distributors/dealers segment is expected to dominate the ice cream freezers market due to the rising count of electronic shops and distributors for the freezers.
- On the basis of end-user, CIS ice cream freezers market is segmented into residential and commercial. In 2021, the commercial segment is anticipated to dominate the CIS ice cream freezers market due to the increased production and consumption of ice cream in the region.
CIS Ice Cream Freezers Market Country Level Analysis
CIS ice cream freezers market is analysed and market size information is provided by country, type, components, capacity, technology, distribution channel and end-user as referenced above.
The countries covered in CIS ice cream freezers market report are Azerbaijan, Armenia, Belarus, Georgia, Kazakhstan, Kyrgyzstan, Moldova, Russia, Tajikistan, Turkmenistan, Uzbekistan and Ukraine.
Russia is dominating the market due to increasing number of electronic stores and adoption of smart technology and increasing awareness about harmful greenhouse gases emitted from conventional freezers. Ukraine is dominating the market due to changing lifestyle and increased disposable income increases the consumption of frozen foods. Belarus is dominating due to increasing demand for replacements and upgrades of ice cream freezers.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as new sales, replacement sales, country demographics, regulatory acts and import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of sales channels are considered while providing forecast analysis of the country data.
Rapid Urbanization and Increasing Adoption of Smart Technology
CIS ice cream freezers market also provides you with detailed market analysis for every country growth in industry with sales, components sales, impact of technological development in freezers and changes in regulatory scenarios with their support for the ice cream freezers market. The data is available for historic period 2010 to 2019.
Competitive Landscape and CIS Ice cream Freezers Market Share Analysis
CIS ice cream freezers market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, India presence, production sites and facilities, company strengths and weaknesses, product launch, product trials pipelines, product approvals, patents, product width and breadth, application dominance, technology lifeline curve. The above data points provided are only related to the companies’ focus related to ice cream freezers market.
Some of the major players operating in this market are Panasonic Corporation, Haier Inc., Whirlpool Corporation, Blue Star Ltd., Siemens and Robert Bosch GMBH, Scandomestic A/S, MIDEA GROUP, Miele, Tefcold A/S, Electrolux, Metalfrio Solutions, AHT, Juka, Liebherr-International Deutschland GmbH, Vestfrost Solution, and Ugur Sogutuma AS among other domestic players. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately
Many expansions are also initiated by the companies worldwide which are also accelerating the growth of CIS ice cream freezers market.
- In August 2020, Liebherr-Hausgeräte GmbH has opened monobrand store in the ICON tower at the main railway station in Vienna. The customers can find the entire Liebherr refrigeration model in this store. The refrigerators are arranged in the theme of installation, freezing, Biofresh, Smart device, and wine that helps the customers to easily identify their desire products. Thereby, the expansion of stores will increase the company’s presence Austria.
Partnership, joint ventures and other strategies enhances the company market share with increased coverage and presence. It also provides the benefit for organisation to improve their offering for CIS ice cream freezers through expanded range of size.