Beverage coolers play a crucial role in commercial settings such as restaurants, bars, cafes, and coffee shops. In restaurants and bars, these coolers are indispensable for maintaining optimal temperatures for a diverse range of beverages, including soft drinks, beers, wines, and mixers. They ensure that drinks are served at the right temperature, enhancing customer satisfaction. In cafes and coffee shops, beverage coolers are vital for storing milk, cream, and other ingredients essential for crafting quality beverages.
According to Data Bridge Market Research analyses the Global 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.
"Rise in demand for beverages boosts the market growth"
The surge in the demand for beverage coolers can be attributed to a growing trend of increased beverage consumption in domestic settings. This shift is driven by factors such as a wider variety of refreshing drink options at home. It allows people to enjoy beverages at home rather than in public places such as bars, and the need for efficient and convenient cooling solutions has risen. This change in consumer behavior has acted as a significant driver for the beverage cooler market, spurring innovation and market growth to meet the evolving preferences of consumers seeking enhanced at-home beverage experiences.
What restraints the growth of the global beverage coolers market?
“High costs hamper the market growth”
The high cost of beverage coolers serves as a significant restraint in the beverage coolers market, impeding its growth rate. This financial barrier limits widespread consumer adoption, particularly in price-sensitive markets. The elevated initial investment required for these coolers becomes a deterrent for both businesses and individuals looking to invest in refrigeration solutions. Consumers may be deterred by the substantial initial investment required for these cooling appliances, impacting overall market adoption.
Segmentation: Global Beverage Coolers Market
The global 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 global beverage coolers market is segmented into less than 200l, 200-500l, 500-1000l and more than 1000l
- On the basis of type, the global beverage coolers market is segmented into freestanding, built-in and undercounter, countertop, dual zone, thermoelectric, and others
- On the basis of temperature zones, the global beverage coolers 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 global beverage coolers 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 global beverage coolers 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 global beverage coolers 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 global beverage coolers market is segmented into metal, tempered glass, wood and others
- On the basis of finish, the global beverage coolers market is segmented into blacks, glass, panel ready, silver tones, stainless steel and wood finishes
- On the basis of door swing, the global beverage coolers 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 global beverage coolers market is segmented into digital, electronic, touch and turn knob
- On the basis of distribution channel, the global beverage coolers market is segmented into specialty stores, supermarkets/hypermarkets, e-commerce and others
- On the basis of application, the global beverage coolers market is segmented into alcoholic and non-alcoholic
- On the basis of end-user, the global beverage coolers market is segmented into residential, commercial, bars, hotels and restaurants, lounges, corporate offices, movie theatres, bookstores, and others
Regional Insights: North America dominates the Global Beverage Coolers Market
North America dominates the beverage cooler market, driven by increasing demand for chilled drinks and a high density of convenience stores. The region's dominance is expected to continue due to a sustained preference for refrigerated beverages and the need for reliable cooling solutions in a thriving convenience store landscape.
Asia-Pacific is expected to experience significant growth during the forecast period due to rapid urbanization and a burgeoning population. The region's swift urban development is shaping evolving lifestyles and preferences, fostering a demand for modern amenities, including chilled beverages. The increasing population in Asia-Pacific amplifies this trend, resulting in a higher consumption of various beverages.
To know more about the study visit, https://www.databridgemarketresearch.com/ko/reports/global-beverage-coolers-market
The Prominent Key Players Operating in the Global 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 global beverage coolers market companies contact, https://www.databridgemarketresearch.com/ko/contact
Research Methodology: Global 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.
