Water Coolers Market Growth by Product and Geography- Forecast and Analysis 2022-2026

The water coolers market share is expected to increase by USD 698.89 million from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 6.2%.

This water coolers market research report provides valuable insights on the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers water coolers market segmentation by product (bottled water coolers and plumbed-in water coolers) and geography (Europe, North America, APAC, the Middle East and Africa, and South America). The water coolers market report also offers information on several market vendors, including Aarav Enterprise, AB Electrolux, Aqua Clara Co. Ltd, Avalon Water Coolers, Avanti Products, Blue Star Ltd, Breville Group Ltd., Carrier Global Corp., Clover Co. Ltd, Culligan International Co, Glenpatrick Natural Mineral Water Coolers Ltd, Honeywell International Inc., KENT RO Systems Ltd., LUQEL Ltd, OASIS International, Primo Water Corp., LAMO Electrical Appliance Group Co. Ltd., Voltas Ltd, Whirlpool Corp., and WLI UK Ltd among others.

What will the Water Coolers Market Size be During the Forecast Period?

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Water Coolers Market: Key Drivers, Trends, and Challenges

Based on our research output, there has been a negative impact on the market growth during and post-COVID-19 era. The research studied the historical data considered for years, with 2021 as the base year and 2022 as the estimated year, and produced drivers, trends, and challenges market.

Key Water Coolers Market Driver

One of the major factors driving the water coolers market growth is the sale of water coolers on online platforms. E-commerce websites have become crucial platforms for customers to purchase water coolers in the most convenient way. As a result, e-retailing has been generating interest from customers in recent years. The last decade witnessed significant growth in the e-commerce industry in countries such as the US, China, and the UK. The primary reason for the growth of this industry is increasing Internet penetration across the world. The regions that are not served by offline stores have become accessible through e-commerce platforms. Customers prefer e-retailing because it allows them to compare the prices, features, and reviews of various brands in a convenient way. This helps them make purchase decisions more accurately and add value to their purchases. E-retailing allows buyers to compare the prices of various water coolers offered by different brands. In addition, online sites give customers access to an entire range of water coolers from particular vendors in a fast and convenient way. These sites provide customers with an enhanced shopping experience, which encourages repeat purchases, along with a wide product portfolio. Hence, e-commerce platforms play an important role in the rapid growth of the revenue generated by the global water coolers market.

Key Water Coolers Market Trend

The major market trend driving the water coolers market growth is the introduction of multi-purpose water coolers. The rapid growth of the global water coolers market has created opportunities for vendors to innovate their product offerings. The increase in the launch of innovative and upgraded products in the market has helped vendors build brand recognition and loyalty among consumers. Vendors are offering innovative products such as multi-purpose water coolers to cope with the varying consumer needs and growing competition and maintain their market position. They are offering water coolers that are multi-purpose and equipped with additional features such as coffee makers. Such multi-purpose products save operational costs and space for users. Commercial end-users primarily look for appliances and products that are efficient and save energy and space. Vendors are also offering water coolers that are equipped with a small fridge, which helps in cooling frozen snacks and small cans and bottles of beverages, eliminating the need for an additional refrigeration system. Honeywell offers a bottle-less countertop water cooler that comes with a water purification system. These factors will facilitate market growth during the forecast period.

Key Water Coolers Market Challenge

The major challenge impeding the water coolers market growth is the increased adoption of substitute products. Refrigerators are the major substitutes for water coolers. The preference for refrigerators is growing due to their easy availability and wide applications. Whirlpool and Haier are some of the popular global brands that provide refrigerators of different sizes for both commercial and residential purposes. Some refrigerators are equipped with water dispensers and allow users to store various products. For instance, Whirlpool Side by Side 568 L Refrigerator is equipped with a water/ice dispenser. Such features are raising the popularity of refrigerators over water coolers, especially in residential establishments, which will hamper the sales of water coolers. The brand value and consumer confidence in a brand, led by marketing campaigns and other promotional activities regarding the wide application and features of refrigerators, also attract a large number of customers. In addition, customers, especially residential users, find refrigerators an efficient alternative to water coolers. This will hamper the growth of the global water coolers market to some extent during the forecast period.

This water coolers market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global water coolers market as a part of the global household appliances market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the water coolers market during the forecast period.^^^

Who are the Major Water Coolers Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

• Aarav Enterprise
• AB Electrolux
• Aqua Clara Co. Ltd
• Avalon Water Coolers
• Avanti Products
• Blue Star Ltd
• Breville Group Ltd.
• Carrier Global Corp.
• Clover Co. Ltd
• Culligan International Co
• Glenpatrick Natural Mineral Water Coolers Ltd
• Honeywell International Inc.
• KENT RO Systems Ltd.
• LUQEL Ltd
• OASIS International
• Primo Water Corp.
• LAMO Electrical Appliance Group Co. Ltd.
• Voltas Ltd
• Whirlpool Corp.
• WLI UK Ltd

This statistical study of the water coolers market encompasses successful business strategies deployed by the key vendors. The water coolers market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

To make the most of the opportunities and recover from the post-COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments while maintaining their positions in the slow-growing segments.

The water coolers market report contains comprehensive market knowledge and an in-depth vendor landscape added to an analysis of the key vendors.

Water Coolers Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the water coolers market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

The report has further elucidated other innovative approaches being followed by manufacturers to ensure a sustainable market presence.

Which are the Key Regions for Water Coolers Market?

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31% of the market’s growth will originate from APAC during the forecast period. China and Japan are the key markets for the water coolers market in APAC. Market growth in this region will be faster than the growth of the market in other regions.

This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating Product Segments in the Water Coolers Market?

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The water coolers market share growth in the bottled water coolers segment will be significant during the forecast period. Increased adoption of water coolers by residential users is one of the key factors that are driving the demand for bottled water coolers. These water coolers are majorly preferred by users that have infrequent and fewer requirements for hot/cold water. These factors will facilitate market growth during the forecast period.

This report provides an accurate prediction of the contribution of all the segments to the growth of the water coolers market size and actionable market insights on the post-COVID-19 impact on each segment.

 

Water Coolers Market Scope
Report Coverage	Details
Page number	120
Base year	2021
Forecast period	2022-2026
Growth momentum & CAGR	Accelerate at a CAGR of 6.2%
Market growth 2022-2026	$698.89 million
Market structure	Fragmented
YoY growth (%)	6.0
Regional analysis	Europe, North America, APAC, Middle East and Africa, and South America
Performing market contribution	APAC at 31%
Key consumer countries	US, China, Japan, UK, and France
Competitive landscape	Leading companies, Competitive Strategies, Consumer engagement scope
Key companies profiled	Aarav Enterprise, AB Electrolux, Aqua Clara Co. Ltd, Avalon Water Coolers, Avanti Products, Blue Star Ltd, Breville Group Ltd., Carrier Global Corp., Clover Co. Ltd, Culligan International Co, Glenpatrick Natural Mineral Water Coolers Ltd, Honeywell International Inc., KENT RO Systems Ltd., LUQEL Ltd, OASIS International, Primo Water Corp., LAMO Electrical Appliance Group Co. Ltd., Voltas Ltd, Whirlpool Corp., and WLI UK Ltd
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Water Coolers Market Report?

• CAGR of the market during the forecast period 2022-2026
• 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 industry across Europe, North America, APAC, Middle East and Africa, and South America
• 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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