Global Chest and Upright Freezer Market Share and Size, Trends and Growth, Analysis Forecasts 2016-2020
Advances in technology and changing consumer preferences have revolutionized the designs of kitchen and home appliances. Tech-savvy consumers prefer to use products, which are energy-efficient and have a long lifespan.
The global urbanization rate has risen with economic development and liberalization of economies. The resulting changes have created a need for convenience in preparing and storing food. This has led to a surge in the sales of frozen food products and meals.
Technavio's analysts forecast the global chest freezer market to grow at a CAGR of 3.47% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global chest and upright freezer market for 2016-2020. To calculate the market size, the report considers the revenue generated from the sales of chest and upright freezers for the residential segment.
Key questions answered in this reports
What will the market size be in 2020 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
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