Beverage Coolers Market Size, Share, Price, DemandGrowth - $90
Details:Global Beverage Coolers Market Analysis and Size
• Data Bridge Market Research analyses that the beverage coolers market was valued at USD 6.06 billion in 2021 and is expected to reach USD 8.55 billion by 2029, registering a CAGR of 4.40% during the forecast period of 2022 to 2029. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and consumer behaviour.
Report Scope and Market Segmentation
REPORT METRIC DETAILS
Forecast Period 2022 to 2029
Base Year 2021
Historic Years 2020 (Customizable to 2019 - 2014)
Quantitative Units Revenue in USD Billion, Volumes in Units, Pricing in USD
Segments Covered Product Type (Less than 200L, 200-500L, 500-1000L and More Than 1000L), Type (Freestanding, Built-in and Undercounter, Countertop, Dual Zone, Thermoelectric and Others), Temperature Zones (Single Zone Beverage Coolers, Dual Zone Beverage Coolers, Triple Zone Beverage Coolers and Multi Zone (4 Or More Zones) Beverage Coolers), Size (6 - 50 Bottle, 51 - 100 Bottle, 101 - 200 Bottle and More than 201 bottle), Cooler Height (28 to 32 Inch, 33 to 36 Inch, 38 to 56 Inch, Above 56 Inch), Number of Shelves (1 - 2 Shelves, 3 - 4 Shelves, 5 - 6 Shelves, 7 - 9 Shelves, 9 - 12 Shelves and More Than 13 Shelves), Shelves Material (Metal, Tempered Glass, Wood and Others), Finish (Blacks, Glass, Panel Ready, Silver Tones, Stainless Steel and Wood Finishes), Door Swing (French Door, Left Side Door, Reversible Door, Right Side Door and Side by Side Door), Control Type (Digital, Electronic, Touch and Turn Knob), Distribution Channel (Specialty Stores, Supermarkets/Hypermarkets, E-Commerce and Others), Application (Alcoholic and Non-Alcoholic) and End-User (Residential, Commercial, BARS, Hotels and Restaurants, Lounges, Corporate Offices, Movie Theatres, Bookstores and Others)
Countries Covered U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
Market Players Covered AB Electrolux (Sweden), VIKING RANGE, LLC (US), Haier lnc. (China), Perlick Corporation (US), Danby (Canada), Climadiff (France), FRIGOGLASS (Greece), Liebherr-International Deutschland GmbH (US), mvpappliances (US), Miele & Cie. KG (Germany), Shenzhen SICAO Electric Appliances Co., Ltd (SICAO) (China), LG Electronics (South Korea), Siemens (Germany), DATRON HANDELSGES M.B.H. (Austria), NewAir (US), Vestfrost Solutions (Denmark), Avanti Products (Brand of The Legacy Companies) (US), U-Line (US), WHYNTER LLC (US), Vinotemp (US), Summit Appliance Division (US), Felix Storch, Inc (US)
Market Opportunities • Increase in the number of emerging markets
• Technological advancement
• Rise in strategic collaborations
Beverage Coolers Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:
• Rise in the Demand for Beverages
The market for beverage coolers grew originally as a result of increased beverage consumption. People are drinking beverages at home rather than at bars and other venues due to improved availability of refreshment drink kinds and increased health concern among consumers.
• Rising Number of Government Initiative Son Green Technology
Increased government restrictions and the EPA's requirement for eco-friendly refrigerant alternatives enhance companies' product demand by ensuring compliance with these standards. Globally, environmental rules governing the raw materials and manufacturing methods of refrigerators will boost the growth of the beverage cooler industry. This is due to a growing demand for ecologically friendly items among consumers.
Furthermore, increasing level of disposable income and growing urbanization will drive market value growth. The growing popularity of alcoholic drinks is fueling the market. The increasing population coupled with changing lifestyle of people are expected to boost the market’s growth rate. The growing number of working people eating in hotels, cafes, and restaurants is driving up demand for ready-to-drink beverages and specialty foods worldwide and, hence, influencing market dynamics.
• Rise in Technological Advancement
The surging technological advancement will boost new market opportunities for the market’s growth rate.
Moreover, rise in strategic collaborations and emerging new markets will act as market drivers and further boost beneficial opportunities for the market’s growth rate.
Global Beverage Coolers Market Scope
The beverage coolers market is segmented on the basis of product type, type, temperature zones, size, cooler height, number of shelves, shelves material, finish, door swing, control type, distribution channel, application and end-user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
• Less than 200L
• More Than 1000L
On the basis of product type, the market is segmented into less than 200L, 200-500L, 500-1000L and more than 1000.
• Built-in and Undercounter
• Dual Zone
On the basis of type, the market is market is segmented into freestanding, built-in and undercounter, countertop, dual zone, thermoelectric and others.
• Panel Ready
• Silver Tones
• Stainless Steel
• Wood Finishes
On the basis of finish, the market is segmented into blacks, glass, panel ready, silver tones, stainless steel and wood finishes.
• French Door
• Left Side Door
• Reversible Door
• Right Side Door
• Side by Side Door
On the basis of door swing, the market is segmented into french door, left side door, reversible door, right side door and side by side door.
• Turn Knob
On the basis of control type, the market is segmented into digital, electronic, touch and turn knob.
• Specialty Stores
On the basis of distribution channel, the market is segmented into specialty stores, supermarkets/hypermarkets, e-commerce and others.
On the basis of application, the market is segmented into segmented into alcoholic and non-alcoholic.
• Hotels and Restaurants
• Corporate Offices
• Movie Theatres
On the basis of end-user, the market is segmented into residential, commercial, bars, hotels and restaurants, lounges, corporate offices, movie theatres, bookstores and others.
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Global Beverage Coolers Market document is one of the unsurpassed and comprehensive business documents which emphasize the challenges, market structures, opportunities, driving forces, emerging trends, and competitive landscape of FMCG industry. This market report acts as an authentic source of information which puts forth a telescopic view of the current market trends, situations, opportunities and status. The report also gives explanation about strategic profiling of key players in the market, systematic analysis of their core competencies, and provides a competitive landscape for the market. What is more, an influential Beverage Coolers Market report offers worth mentioning market data along with future forecast and thorough analysis of the market on a global and regional level.
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Major TOC of the Report
2 MARKET SEGMENTATION
3 EXECUTIVE SUMMARY
4 PREMIUM INSIGHTS
5 MARKET OVERVIEW
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