Commercial Thawing Cabinets Market Size, Share, Growth, and Industry Analysis, By Type (Single Door and Double Door), By Application (Restaurant, Snack Bar, and Others), Regional Insights, and Forecast To 2031

Commercial Thawing Cabinets Market Report Overview

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The global commercial thawing cabinets market size is expected to be USD 98.6 million in 2022 and is expected to touch USD 132.39 million by 2031, exhibiting a CAGR of 3.3% during the forecast period.

Commercial thawing cabinets, generally known as thaw or defrost cabinets, are food service equipment used to bring frozen food to a suitable temperature for cooking. This is accomplished with controlled high-volume airflow for the food products, thus increasing the product desirability and demand in the worldwide market. The product is divided into type and application segments. The type segment consists of single and double doors, whereas the application segment consists of restaurants, hotels, snack bars, and other uses.

One positive trend affecting the market is the increasing adoption of commercial thawing cabinets. Manufacturers are offering thawing cabinets to perform the function of refrigeration and thawing that use unique air ducting and fans, thus ensuring more efficiency and boosting the commercial thawing cabinets market in the upcoming years. The increased demand for frozen food and technological advancements are also factors that will drive the market demand exponentially. Along with this, the rise in the use of cabinets in hotels and restaurants post the pandemic, and the rising preference for frozen products will drive the market demand.

COVID-19 Impact: Demand for Frozen Food and Refrigeration Boosted Market Growth

The global COVID-19 pandemic was unprecedented & staggering, with commercial thawing cabinets experiencing higher-than-anticipated demand across all regions compared to pre-pandemic times. The sudden spike in CAGR can be attributed to demand returning to pre-pandemic levels after the pandemic is over.

The enforcement of restrictions due to the pandemic boosted the market demand for frozen snacks as consumers demanded ready-to-eat items from manufacturers, thus increasing the supply of the product, leading to an exponential rise in profits and revenues. The lockdowns affected the industry positively as leading players and investors in the sector continued to see a demand rise in critical regions such as North America and the Asia Pacific. Thus, the market benefited from these developments.

LATEST TRENDS

"Rising Preference for Energy-Efficient Thawing Cabinets to Lead Market Growth"

The rising demand and preferences for energy-efficient thawing cabinets in the worldwide market due to environmental concerns will lead to the market growth and share of the industry. Key developments, mergers, and acquisitions in regions such as North America and the Asia Pacific are developing environment-friendly and energy-efficient technology as consumers demand sustainable sources of energy production. Thus, the preference for energy-saving commercial thawing cabinets will drive the market and the industry.

Commercial Thawing Cabinets Market Segmentation

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• By Type

The market is categorized based on types into single doors and double doors.

• By Application

The market is subcategorized based on applications in restaurants, snack bars, and others.

DRIVING FACTORS

"Rise in Demand for Thawed Frozen Food to Propel Market Demand"

According to research, one of the driving influences of the market is the rise in the demand for frozen food, as it increases the shelf life of food and ingredients. Additionally, consumer industries, including fast food restaurants and hotels, have begun thawing frozen foods as fully melted food takes less time for preparation. These factors, such as the increased adoption of frozen food and the rising demand for thawing cabinets, will propel the commercial thawing cabinets market growth over the forecast period.

"Technological Advancements and Developments to Drive Market Growth"

Technological advancements and developments in the thawing cabinets industry will lead the market growth and demand in developing regions such as Asia. The development of energy-efficient machines, increasing adoption of thawing machines in restaurants and hotels, and installation of solar plants by leading players due to end-consumer demands are the factors that are set to drive the market growth and share of the industry. Therefore, the market will see an exponential boom in its revenue and profits.

RESTRAINING FACTORS

"High Cost of Thawing Cabinets to Impede Market Growth "

Compared to conventional means of thawing devices such as microwaves and refrigerators, a restraining factor in the market is the rising cost of thawing cabinets due to increased worldwide demand. The shift by hotels and restaurants towards alternative thawing processes will severely impede the product's market growth. Therefore, investors and leading players in the industry should consider these factors before investing in the commercial thawing cabinets market. 

Commercial Thawing Cabinets Market Regional Insights

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"North America to Lead Market Share Owing to Rise in Production "

The North American region will lead the commercial thawing cabinets market share due to rising production by industrial players and manufacturers. The rise in demand in the area can be attributed to decreasing inflation, increasing disposable income of consumers, and the resumption of commercial activities post the pandemic. The demand by restaurants and hotels in the region for the product will also drive the market demand and share of the thawing cabinets as the tourism sector revives after the severe consequences of the pandemic.

KEY INDUSTRIAL PLAYERS

"Market Players Focus on New Product Launches to Strengthen Market Position"

The report analyzes various market players in the industry, and the information is published after proper research, analysis of trends, key developments, new initiatives, and technological developments and innovations. The report also includes thorough research on companies, regions, technical and environmental outcomes, and newly emerging industries' impact and risks. The study considers all the points after a comprehensive analysis, thus generating future possibilities for the market. Therefore, the factors mentioned in the report are subject to change as the dynamics and situation of the market change. North America will lead the market share, with the U.S. leading the market growth.

LIST OF TOP COMMERCIAL THAWING CABINETS COMPANIES

• Darwin Chambers (U.S.)
• Electrolux (Sweden)
• Foster Refrigerator (U.K.)
• Friulinox (Italy)
• Polaris (U.S.)
• Williams Refrigeration (India)

INDUSTRY DEVELOPMENT

• July 2022: Electrolux, one of the world's largest electrical appliances manufacturers based in Sweden, has joined forces with SolarizEgypt to establish a solar power plant at the Sweden-based company Electrolux. The installment of these solar power plants will help the company to increase energy resources for the manufacturing and production of electrical appliances, including refrigerators and thawing cabinets. This development will help the company expand its market growth and revenue in the industry, leading to massive gains for the firm.

REPORT COVERAGE

The report examines elements that affect the demand and supply factors and estimates dynamic market forces for the forecast period. It also offers drivers, restraints, the latest trends, and critical industrial developments. After evaluating the market factors, the report provides an extensive SWOT analysis. The research is subject to alteration if leading players and analysis of market dynamics change. The information estimates the factors mentioned, taken into consideration after thorough research. The report also provides information on segmentation, market trends and latest worldwide developments, key industry mergers, and an analysis of risks in the commercial thawing industry.