Report Details-
Global Beverage Coolers Market, By 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) – Industry Trends and Forecast to 2029.
Global Beverage Coolers Market Analysis and Size
Changing customer preferences, access to a wide choice of flavors, and increased consumer disposable income are some of the factors projected to boost demand for beverage coolers on a global scale. Millennials preferring beer and other sorts of alcohol, which is predicted to fuel the regional industry. Furthermore, the surge in millennial demand for carbonated beverages is likely to contribute considerably to market growth throughout the projection period.
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.
COVID-19 Impact on Beverage Coolers Market
Over the last 18 months, almost every industry on the planet has suffered a setback. This can be ascribed to severe disruptions in their respective manufacturing and supply-chain operations, resulting from multiple precautionary lockdowns and other limitations imposed by governments all over the world. The beverage coolers market is no exception,
The pandemic of COVID-19 has limited the beverage coolers market's growth in 2020. Beverage cooler sales fell slightly in 2020 as a result of the implementation of lockdown, which included the closure of shops, supermarkets, and grocery stores. Furthermore, keeping excellent health has slowed the proliferation of beverage coolers worldwide. With the end of the lockdown and a return to normalcy in the retail channel, sales of beverage coolers are likely to rise in 2021 and subsequent years.
Global Beverage Coolers Market Definition
Food and beverage coolers are devices or equipment that are used to keep food and beverages cold. To lower the rate of deterioration, beverage coolers are utilized. Beverage coolers rely on a thermally insulated compartment and heat pumps for their operation. The heat pumps moved heat from the interior environment to the external environment, lowering the inside temperature below that of the surrounding environment.
Beverage Coolers Market Regional Analysis/Insights
The beverage coolers market is analysed and market size insights and trends are provided by country, product type, type, temperature zones, size, cooler height, number of shelves, shelves material, finish, door swing, control type, distribution channel, application and end-user as referenced above.
The countries covered in the beverage coolers market report are 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.
North America dominates the beverage coolers market in terms of market share and revenue and will continue to flourish its dominance during the forecast period. This is due to the increasing demand for refrigerated non-alcoholic and alcoholic beverages and high density of convenience stores in this region.
During the projected period, Asia-Pacific is expected to be the fastest developing region due to the swift urbanization and rising number of population.
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Competitive Landscape and Beverage Coolers Market Share Analysis
The beverage coolers 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, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to beverage coolers market.
Some of the major players operating in the beverage coolers market are:
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)
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Major TOC of the Report
1 INTRODUCTION
2 MARKET SEGMENTATION
3 EXECUTIVE SUMMARY
4 PREMIUM INSIGHTS
5 MARKET OVERVIEW
6 IMPACTS OF COVID-19 ON THE GLOBAL BEVERAGE COOLERS MARKET
7 GLOBAL BEVERAGE COOLERS MARKET, BY INDUSTRY TYPE
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