The Europe Beverage Coolers Market demand for smart coolers is increasing, and the beverage cooler anticipates this trend. Manufacturers are introducing innovations and technologies such as performance optimization and smart coolers with sensors in order to effectively cater to and persuade consumers to buy them. These factors are boosting the growth of the beverage cooler market on a global scale. The rising temperature and unpredictability of the weather also reduce food and beverage spoilage. An increase in beverage consumption is another factor driving the demand for beverage coolers on a global scale. 101-200 bottles predominate due to the demand for large sizes bottles on various occasions.
According to Data Bridge Market Research, the Europe Beverage Coolers Market is expected to reach a value of USD 6.00 billion in 2021 and is expected to reach USD 9.21 billion by 2029, registering a CAGR of 5.5% during the forecast period of 2022-2029
" Retail expansion surge market demand"
The expansion of retail chains and supermarkets plays a significant role in increasing the availability and distribution of beverage coolers to consumers. As these retail outlets expand their reach, they incorporate beverage coolers as part of their offerings to cater to consumer preferences for chilled and ready-to-drink beverages. This wider presence of beverage coolers in retail locations enhances accessibility for consumers, making it more convenient for them to find and purchase beverages, further driving the demand for these cooling solutions.
What restraints the growth of the Europe beverage coolers market?
" International regulations can impede the market growth”
Producers of commercial refrigeration systems are required by a number of international protocols to follow the guidelines established by HCFC. The Clean Air Act has been implemented by the Environmental Protocol Agency to gradually phase out class-I chlorofluorocarbons. Due to the high cost of technology design, development, and manufacture, local and regional manufacturers throughout the SFA may find it difficult to start their businesses at an early stage as a result of the implementation of these regulations. Therefore, it is anticipated that these factors will limit the growth of the market for SEA beverage coolers.
Segmentation: Europe Beverage Coolers Market
The Europe 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
- On the basis of product type, the market is segmented into less than 200L, 200-500L, 500-1000L, and more than 1000.
- On the basis of type, the market is market is segmented into freestanding, built-in and undercounter, countertop, dual zone, thermoelectric, and others.
- On the basis of temperature zones, the market is segmented into single zone beverage coolers, dual zone beverage coolers, triple zone beverage coolers and multi zone (4 or more zones) beverage coolers.
- On the basis of size, the market is segmented into 6 - 50 bottle, 51 - 100 bottle, 101 - 200 bottle and more than 201 bottle.
- On the basis of cooler height, the market is segmented into 28 to 32 inch, 33 to 36 inch, 38 to 56 inch, and above 56 inch.
- On the basis of number of shelves, the market is segmented into 1 - 2 shelves, 3 - 4 shelves, 5 - 6 shelves, 7 - 9 shelves, 9 - 12 shelves, and more than 13 shelves.
- On the basis of shelves material, the market is segmented into metal, tempered glass, wood, and others.
- On the basis of finish, the market is segmented into blacks, glass, panel ready, silver tones, stainless steel, and wood finishes.
- 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.
- On the basis of control type, the market is segmented into digital, electronic, touch, and turn knob.
- 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.
- 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.
Regional Insights: Germany dominates the Europe Beverage Coolers Market
Germany's dominance in the Europe beverage coolers market is driven by the region's high consumption of alcoholic products, which is often associated with showcasing a good standard of living. The preference for alcoholic beverages has increased the demand for beverage coolers to store large quantities of drinks, ensuring easy access and convenience for consumers. As a result, Germany's robust alcoholic beverage culture has fueled the need for efficient and reliable cooling solutions, contributing to its leading position in the market.
To know more about the study, visit, https://www.databridgemarketresearch.com/ar/reports/europe-beverage-coolers-market
The Prominent Key Players Operating in the Europe Beverage Coolers Market Include:
- AB Electrolux (Sweden)
- VIKING RANGE, LLC (U.S.)
- Haier lnc. (China)
- Perlick Corporation (U.S.)
- Danby (Canada)
- Climadiff (France)
- FRIGOGLASS (Greece)
- Liebherr-International Deutschland GmbH (U.S.)
- mvpappliances (U.S.)
- 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 (U.S.)
- Vestfrost Solutions (Denmark)
- Avanti Products (Brand of The Legacy Companies) (U.S.)
- U-Line (U.S.)
- WHYNTER LLC (U.S.)
- Vinotemp (U.S.)
- Summit Appliance Division (U.S.)
- Felix Storch, Inc (U.S.)
Above are the key players covered in the report, to know about more and exhaustive list of Europe beverage coolers market companies contact, https://www.databridgemarketresearch.com/ar/contact
Research Methodology: Europe Beverage Coolers Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by dbmr research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include vendor positioning grid, market time line analysis, market overview and guide, company positioning grid, company market share analysis, standards of measurement, global vs regional and vendor share analysis. Please request analyst call in case of further inquiry.
