Asia-Pacific Beverage Coolers Market – Industry Trends and Forecast to 2030

Asia-Pacific Beverage Coolers Market Analysis and Size

The Asia-Pacific beverage cooler market is expected to grow significantly during the forecast period because of the increasing consumption of alcoholic and non-alcoholic beverages. Furthermore, increasing consumer awareness regarding various benefits of cooling equipment, such as advanced refrigeration technology and energy-saving solution, positively influences the market during the forecast period.

Data Bridge Market Research analyses that the beverage coolers market is expected to reach USD 1,060,419.97 thousand by 2030, which was USD 665,320.60 thousand in 2022, registering a CAGR of 6.00% during the forecast period of 2023 to 2030. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, 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 behavior.     

Asia-Pacific Beverage Coolers Market Scope and Segmentation

Market Definition

Small refrigerators called beverage coolers are used to keep beverages cold. This cooler uses less energy due to its smaller size, which might reduce your monthly electric bill. Generally speaking, it is made specifically to store bottles and cans. Drink coolers are more upscale, frequently featuring a glass door to show off drinks and stainless steel accents. Unlike conventional refrigerators, most beverage coolers incorporate movable metal shelves with perforations for greater air circulation.

Asia-Pacific Beverage Coolers Market Dynamics

Drivers

• Rising application of beverage coolers in the commercial sector

The commercial application segment is expected to dominate the growth of the beverage cooler market and contribute to the major share over the forecast period. The growing consumption of cooled beverages is propelling the demand for beverage coolers in the commercial sector around the world. Furthermore, increasing demand for beverage coolers is expected to drive the increasing popularity of various beverages such as wine, beer, and non-alcoholic served at commercial places such as pubs, restaurants, and bars.

• Increasing consumption of healthy drinks and beverages widens the market scope

The market for beverage coolers is anticipated to develop due to rising healthy beverage consumption. Healthy drinks such as vegetable juices and fruit smoothies have several advantages, including being easy to consume, high in healthy nutrients, aiding digestion, and improving immunity. Increased consumption of healthy beverages will eventually boost market growth due to all these advantages.

Opportunities

• Increasing awareness regarding the protection and maintaining taste and shelf life of beverages

The increasing awareness regarding the protection of beverages from harmful bacteria at room temperature and maintaining the taste and shelf life of beverages is expected to create lucrative opportunities for manufacturers within the beverage cooler market. Furthermore, the beverage cooler market manufacturers are focusing on introducing advanced technologies to maintain the shelf life and taste of beverages. All these factors are likely to increase market growth in the upcoming years.

• Growing government initiatives on green technology

Global warming is a major challenge for the market players operating in the air conditioning and refrigeration industry. Furthermore, the growing government regulations and eco-friendly refrigerant alternatives mandatory by EPA support the companies' product demand by enduring these norms. Green environment regulations about refrigerators or beverage cooler manufacturing processes and raw materials will further enhance the beverage cooler market size. This is mainly due to increasing consumer demand for environmentally friendly products.

Restraints/ Challenges

• High cost associated with beverage cooler

Throughout the forecast period, the market's expansion is anticipated to be constrained by the high cost of beverage coolers. The UV-blocking glass, specialist temperature control technology, and humidity control units, which have a minor impact on market growth, are the main causes of the high cost of beverage coolers.

This beverage coolers market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the beverage coolers market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Recent Development

• In 2021, Zephyr, a global manufacturer of beverage storage solutions, launched the "Dual Zone Wine Cooler" and the "Preserve Single Zone Beverage Cooler" in the U.S. market. Because it was created using brand-new, cutting-edge technology, it is perfect for preserving wine and other alcoholic beverages. The corporation is expected to gain from this new launch by growing its product lineup.

Asia-Pacific Beverage Coolers Market Scope

The beverage coolers market is segmented on the basis of capacity, type, temperature zones, size, cooler height, number of shelves, shelves material, finish, door swing, control type, distribution channel, application, and end users. 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.

Capacity

• Less than 200L
• 200-500L
• 500-1000L
• More Than 1000L

 Type

• Freestanding
• Built-in and Undercounter
• Countertop
• Dual Zone
• Thermoelectric
• Others

 Temperature Zones

• Single
• Dual
• Triple
• Multi (4 or More Zones)

Size

• 6 - 50 Bottle
• 51 - 100 Bottle
• 101 - 200 Bottle
• 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
• More Than 13 Shelves

Shelves Material

• Metal
• Tempered Glass
• Wood
• Others

Finish

• Blacks
• Glass
• Panel Ready
• Silver Tones
• Stainless Steel
• Wood Finishes

 Door Swing

• French
• Left Sid
• Reversible
• Right Side
• Side by Side

Control Type

• Digital

• Electronic
• Touch
• Turn Knob

Distribution Channel

• Specialty Stores
• Supermarkets/Hypermarkets
• E-Commerce
• Others

 Application

• Alcoholic
• Non-Alcoholic

End-User

• Residential
• Commercial
• Bars
• Hotels and Restaurants
• Lounges
• Corporate Offices
• Movie Theatres
• Bookstores
• Others

Beverage Coolers Market Regional Analysis/Insights

The beverage coolers market is analyzed and market size insights and trends are provided by country, capacity, type, temperature zones, size, cooler height, number of shelves, shelves material, finish, door swing, control type, distribution channel, application, and end users as referenced above.

The countries covered in the beverage coolers market report are China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC).

China dominates the beverage coolers market because of changing trends and enhances the demand for the party places such as hotels and bars, which automatically surges the demand for beverage coolers in this region. Furthermore, the growing demand for beverage coolers in the commercial sector in this region will further boost the market growth.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

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 (publ) (Sweden)
• VIKING RANGE, LLC (U.S.)
• Haier lnc. (China)
• Perlick Corporation (U.S.)
• Danby (Canada)
• Climadiff (France)
• Frigoglass (Greece)
• Liebherr-International Deutschland GmbH  (Germany)
• LG Electronics (South Korea)
• Panasonic Corporation (Japan)
• SAMSUNG (South Korea)
• Whirlpool Corporation (Japan)
• Honeywell International Inc., (U.S.)
• Blue Star Limited (India)
• Voltas Inc (U.S.)
• Atlantis Products Pvt. Ltd. (India)
• Mistral Solutions Pvt. Ltd., (India)
• Midea Group (China)
• Alfred Kärcher SE & Co. K.G. (Germany)
• De' Longhi Appliances S.r.l. (Italy)
• Olimpia Splendid S.p.A. (Italy)
• FUJITSU GENERAL (Japan)
• Vista France (France)
• GREE ELECTRIC APPLIANCES, INC. (China)

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