Global Beverage Coolers Market 2017-2021
Published: Aug 2017 | Pages: 81 | SKU: IRTNTR14810 |
Overview of the global beverage coolers market
Technavio’s market research analysis identifies the increase in consumption of health beverages as one of the primary growth factors for the beverage coolers market. The rising health and wellness awareness among the consumers has increased the demand for low-calorie beverages and natural sweetener based fruit drinks. The demand for beverages made of naturally-extracted sweeteners such as stevia is rising rapidly. The increasing health awareness among end-consumers and the rising penetration of low and zero-calorie health drinks will contribute to the growth of this market. Our market research analysts estimate that this market will post a CAGR of more than 4% by 2021.
The vendors are making huge investments in R&D to introduce product enhancements to the shape, functions, and durability of appliances. The R&D activities result in the improvement of the operational efficiency, technological advances, and performance optimization. Beer refrigerator vendors are making investments towards the improvement of various factors such as technology, down-time, pull-down time, and shorter lead-time that will improve the efficiency and life-cycle of the product. Such increase in R&D for beverage coolers is identified as one of the key trends behind the growth of the beverage coolers market.
Competitive landscape and key vendors
The beverage coolers market is highly fragmented due to the presence of several international and regional vendors. The global players account for the major market shares. The competition in the market is intense due to the rising prices of raw materials and the declining profit. The players are competing based on price and features and are launching differentiated products to gain a competitive advantage. The beverage refrigerator market is also witnessing an increasing trend of M&A among the players.
The leading vendors in the market are -
- Danby
- Electrolux
- Haier
- LG Electronics
- Whirlpool
The other prominent vendors in the market are AGA Marvel, Avanti Products, Godrej.com, Living Direct, Robert Bosch, Samsung, U-Line, and Vinotemp International.
Segmentation by product type and analysis of the beverage coolers market
- Alcoholic
- Non-alcoholic
The rising preference for non-alcoholic beverages such as health and fruits drinks due to the growing health and fitness awareness will contribute to the demand for this segment. The players are integrating enhanced features and efficiency to optimize the performance and cater to the dynamic preferences of the consumers.
Segmentation by end user and analysis of the beverage coolers market
- Residential
- Commercial
The commercial beverage cooler market is highly competitive due to the presence of several established players differentiating their products and introducing product innovations coupled with value propositions. Additionally, the vendors in this segment are also expanding their distribution channels and production facilities to expand their geographical presence.
Key questions answered in the report include
- What will the market size and the growth rate be of the global beverage coolers market in 2021?
- What are the key factors driving the global beverage coolers market?
- What are the key market trends impacting the growth of the global beverage coolers market?
- What are the challenges to market growth?
- Who are the key vendors in the global beverage coolers market?
- What are the market opportunities and threats faced by the vendors in the global beverage coolers market?
- Trending factors influencing the market shares of the global beverage coolers market in Americas, APAC, and EMEA.
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Research Methodology
PART 04: Introduction
- Market outline
PART 05: Market landscape
- Global beverage coolers market
- Five forces analysis
PART 06: Market segmentation by product
- Global beverage coolers market by product
- Global non-alcoholic beverage coolers market
- Global alcoholic beverage coolers market
PART 07: Market segmentation by end-user
- Global beverage coolers market by end-user
- Global commercial beverage coolers market
- Global residential beverage coolers market
PART 08: Geographical segmentation
- Global beverage coolers market by geography
- Beverage coolers market in Europe
- Beverage coolers market in North America
- Beverage coolers market in APAC
- Beverage coolers market in ROW
PART 09: Key leading countries
- Global beverage coolers market
- US
- Germany
- China
PART 10: Decision framework
PART 11: Drivers and challenges
- Market drivers
- Market challenges
PART 12: Market trends
- Recycling initiatives in leading economies
- R&D in beverage coolers
- Expanding online distribution channels
PART 13: Vendor landscape
- Competitive scenario
- Competitive strategy
- Comparative analysis of key vendors
PART 14: Key vendor analysis
- Danby
- Electrolux
- Haier
- LG Electronics
- Whirlpool
- Other prominent vendors
PART 15: Appendix
- List of abbreviations
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
- Manufacturers and suppliers
- Channel partners
- Industry experts
- Strategic decision makers
Secondary sources
- Industry journals and periodicals
- Government data
- Financial reports of key industry players
- Historical data
- Press releases
DATA ANALYSIS
Data Synthesis
- Collation of data
- Estimation of key figures
- Analysis of derived insights
Data Validation
- Triangulation with data models
- Reference against proprietary databases
- Corroboration with industry experts
REPORT WRITING
Qualitative
- Market drivers
- Market challenges
- Market trends
- Five forces analysis
Quantitative
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape
PURCHASE FULL REPORT OF
market
Key Questions Answered
- What are the key global market and the regional market share?
- What are the revenue-generating key market segments?
- What are the key factors driving and challenging this market’s growth?
- Who are the key market vendors and their growth strategies?
- What are the latest trends influencing the growth of this market?
- What are the variables influencing the market growth in the primary regions?
- What are the factors influencing the growth of the parent market?
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