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Water Coolers Market by Product and Geography - Forecast and Analysis 2020-2024

  • Published: Apr 2020
  • Pages: 120
  • SKU: IRTNTR43488
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The water coolers market size has the potential to grow by USD 562.53 million during 2020-2024, and the market’s growth momentum will accelerate during the forecast period.

This report provides a detailed analysis of the market by product (bottled water coolers and plumbed-in water coolers), end-user (commercial and residential), distribution channel (offline and online), and geography (Europe, North America, APAC, South America, and MEA). Also, the report analyzes the market’s competitive landscape. It offers information on several market vendors, including Blue Star Ltd., Breville Group Ltd., Carrier Global Corp., Electrolux AB, Honeywell International Inc., KENT RO Systems Ltd., Qingdao Haier Co. Ltd., Voltas Ltd., Waterlogic Holdings Ltd., and Whirlpool Corp.

Market Overview

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Market Competitive Analysis

The market is fragmented, and the degree of fragmentation will increase during the forecast period. Market vendors are performing extensive R&D to improve their product offerings and upgrade their existing products to sustain in the competitive market. Blue Star Ltd., Breville Group Ltd., and Carrier Global Corp. are some of the major market participants. Although product premiumization due to innovation and portfolio extension will offer immense growth opportunities, the increasing pressure due to regulatory compliance will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

To help clients improve their market position, this water coolers market forecast report provides a detailed analysis of the market leaders. It offers information on the competencies and capacities of these companies. The report also covers details on the market’s competitive landscape and provides information on the products offered by various companies. Moreover, this water coolers market analysis report also includes information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities.

This report provides information on the production, sustainability, and prospects of several leading companies, including:

  • Blue Star Ltd.
  • Breville Group Ltd.
  • Carrier Global Corp.
  • Electrolux AB
  • Honeywell International Inc.
  • KENT RO Systems Ltd.
  • Qingdao Haier Co. Ltd.
  • Voltas Ltd.
  • Waterlogic Holdings Ltd.
  • Whirlpool Corp.

Water Coolers Market: Segmentation by Geography

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APAC was the largest water coolers market in 2019, and the region will offer several growth opportunities to market vendors during the forecast period. The rising living standards, the introduction of innovative products, and the growing adoption of premium water coolers will significantly drive water coolers market growth in this region over the forecast period.

37% of the market’s growth will originate from APAC during the forecast period. India, China, and Japan are the key markets for water coolers in APAC. Market growth in this region will be slower than the growth of the market inSouth America.

Water Coolers Market: Segmentation by Product

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Bottled water coolers are portable, do not require plumbing, and are easy to clean, store, and maintain. The increasing adoption of water coolers by residential users will be a significant factor fueling the growth of the water coolers market in this segment.

Market growth in this segment will be slower than the growth of the market in the plumbed-in water coolers segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the water coolers market size.

Water Coolers Market: Key Drivers and Trends

The increasing demand from the foodservice and hospitality sectors will be a significant factor in driving the growth of the water coolers market size. Hospitality and foodservice sectors are the major commercial end-users of water coolers. The rising number of international tourists has boosted the demand for hotels and resorts, especially in Asian countries, such as China and India. The increasing disposable income and final household expenditure have also resulted in increased spending on dining out. This has encouraged significant foodservice chains to expand their businesses at different locations. Water coolers are widely used in hotels, resorts, restaurants, and cafes to serve hot or cold water to visitors. The growth of the foodservice and hospitality sectors will fuel the demand for water coolers during the forecast period.

  • The introduction of multi-purpose water coolers will be one of the critical water coolers market trends contributing to market growth.
  • Market vendors are focusing on the launch of innovative products, such as multi-purpose water coolers.
  • In addition to saving operational costs, multi-purpose water coolers also save space. For instance, multi-purpose water coolers offered by Glacial Home are equipped with a water-cooling system and a coffee maker.
  • The company also offers multi-purpose water coolers equipped with a water-cooling system and a small fridge suitable for small residential dwellings and commercial spaces, such as shops.
  • Similarly, Honeywell offers a bottle-less countertop water cooler with a water purification system.
  • The introduction of such multi-purpose water coolers will help companies to build brand recognition and loyalty among consumers.
  • During 2020-2024, the water coolers market will grow at a CAGR of almost 6%.

Water-Coolers-Market-2020-2024

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Water Coolers Market: Key Highlights of the Report for 2020-2024

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will drive water coolers market growth during the next five years
  • Precise estimation of the water coolers market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the water coolers market industry across Europe, North America, APAC, South America, and MEA
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of water coolers market vendors

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Executive Summary

Market Landscape

  • Market ecosystem
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2019
  • Market outlook: Forecast for 2019-2024

Five Forces Analysis

  • Five forces summary
  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by Product

  • Market segments
  • Comparison by Product
  • Bottled water coolers - Market size and forecast 2019-2024
  • Plumbed-in water coolers - Market size and forecast 2019-2024
  • Market opportunity by Product

Market Segmentation by End-user

  • Market segments
  • Comparison by End user
  • Commercial - Market size and forecast 2019-2024
  • Residential - Market size and forecast 2019-2024
  • Market opportunity by End user

Market Segmentation by Distribution channel

  • Market segments
  • Comparison by Distribution channel
  • Offline - Market size and forecast 2019-2024
  • Online - Market size and forecast 2019-2024
  • Market opportunity by Distribution channel

Customer landscape

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • Europe - Market size and forecast 2019-2024
  • North America - Market size and forecast 2019-2024
  • APAC - Market size and forecast 2019-2024
  • South America - Market size and forecast 2019-2024
  • MEA - Market size and forecast 2019-2024
  • Key leading countries
  • Market opportunity by geography
  • Volume drivers – Demand led growth
  • Market challenges
  • Market trends

Vendor Landscape

  • Overview
  • Vendor landscape
  • Landscape disruption

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • Blue Star Ltd.
  • Breville Group Ltd.
  • Carrier Global Corp.
  • Electrolux AB
  • Honeywell International Inc.
  • KENT RO Systems Ltd.
  • Qingdao Haier Co. Ltd.
  • Voltas Ltd.
  • Waterlogic Holdings Ltd.
  • Whirlpool Corp.

Appendix

  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • 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.

TechnavioINFORMATION 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
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TechnavioDATA 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
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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The water coolers market growth will increase by $562.53 million during 2019-2024.
The water coolers market is expected to grow at a CAGR of 5.69% during 2019-2024.
Technavio has segmented the water coolers market by product (Bottled water coolers and Plumbed-in water coolers) ,distribution channel (Offline and Online) , and geographic (Europe, North America, APAC, South America, and MEA).
Blue Star Ltd., Breville Group Ltd., Carrier Global Corp., Electrolux AB, Honeywell International Inc., KENT RO Systems Ltd., Qingdao Haier Co. Ltd., Voltas Ltd., Waterlogic Holdings Ltd., Whirlpool Corp. are a few of the key vendors in the water coolers market.
APAC will register the highest growth rate of 36.82% among the other regions. Therefore, the water coolers market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
  • US
  • UK
  • China
  • Italy
  • France
  • Japan
The key factors driving the water coolers market growth are:
  • Product premiumization due to innovation and portfolio extension
  • Brand loyalty among customers
The water coolers market vendors should focus on grabbing business opportunities from the bottled water coolers segment as it accounted for the largest market share in the base year.
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