LIEBHERR-International Deutschland Gmbh, Haier lnc. Frigoglass are dominating the U.S. Beverage Coolers Market in 2019

The U.S. Beverage Coolers Market is expected to grow with the CAGR of 6.6% in the forecast period of 2020 to 2027. The years considered for study are as mentioned below.

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The U.S. beverage coolers market is a highly consolidated market, which includes specific number of key players as well as local players. The market has witnessed various strategic developments owing to favourable market scenario.

The major players dealing in the U.S. beverage coolers market are introducing strong range of product portfolio. This has also helped the company to maximize the sales with enhanced product portfolio. For instance, in April 2018, FRIGOGLASS announced the launch of the Hybrid cooler, which is designed to mitigate the impact of electricity outages for their customers in Africa. Through this launch, the company aims to expand its product portfolio in the market.

LIEBHERR-International Deutschland Gmbh is the dominating player in the beverage coolers market. The other players in the market include Haier lnc. Frigoglass, Vinotemp, Perlick Corporation, Allavino, Powers Equipment Company, Inc., Danby, Summit Appliance Division, Felix Storch, Inc, Climadiff, WHYNTER LLC, Miele & Cie. KG, AB Electrolux, Avanti Products, U-Line, NewAir and NewAir.com, QBD and VIKING RANGE, LLC

LIEBHERR-International Deutschland Gmbh

LIEBHERR-International Deutschland Gmbh headquartered in Biberach, Germany which was founded in 1949. The company is engaged in developing small construction firm as well as in manufacturing of construction machinery and many other technological products. The business segment of the company includes earthmoving, mining, mobile cranes, tower cranes, concrete technology, maritime cranes, aerospace and transportation systems, machine tools and automation systems, domestic appliances, others and the market which lies in these segments is the domestic appliances. The company deals in various kinds of product categories such as refrigeration and freezing, construction machines, mining equipment, mobile and crawler cranes, material handling technology, maritime cranes, aerospace and transportation systems, gear technology and automation systems, components and hotels.

  • In 2018, the company opened a new development and exhibition center which will be the only one of its kind in Europe to test innovative prototypes of new construction machines and material-handling machinery on a 1.2-km track. It will help the company to increase its customer base and supply the best quality of products.  

The company has wide presence across the globe such as Europe, America, Africa, Oceania, and Asia. In addition to it, the company also generates its revenue from the various subsidiary companies such as Liebherr-Ettlingen GmbH (Germany), Liebherr-America, Inc. (America), Liebherr-Sverige Ab (Sweden), Liebherr- Elektronik Gmbh (Germany) among others.

Haier lnc:

Haier lnc., headquartered in Shandong, China which was founded in 1984. The company is engaged in manufacturing of electronic solutions. The business segment includes air-conditioner segment, refrigerator segment, kitchen appliance segment, water heater segment, washing machine segment and the market lies in refrigerator segment. The company has only two product categories household and business and the product falls in business category.

For instance,

  • In January 2016, Haier Inc. signed a mutual partnership with GENERAL ELECTRIC cooperate globally in their growth projects including  industrial internet, healthcare, and advanced manufacturing. With this partnership the company aims to expand its product portfolio in the market.

The company has wide presence across the globe such as Americas, Middle East & Africa, Europe, South Asia, ASEAN, Australia and China. In addition to it, the company also generates its revenue from the various subsidiary companies such as Haier Singapore Investment Holding Co., Ltd. (Singapore), Guizhou Haier Electronics Co., Ltd.  (China), Qingdao Haier Air-Conditioner Electronics Co., Ltd. (China), Qingdao Haier Robot Co., Ltd (China), Chongqing Haier Refrigeration Appliance Co., Ltd.(China) among others.

Frigoglass

Frigoglass has headquartered in Athens, Greece and it was founded in 1996. The company is engaged in manufacturing of Ice Cold Merchandisers (ICM) as well as supplying of glass packaging in the high growth markets of West Africa. The company has two business segments ICM operation and glass operation and the market lies under ICM operation segment. The company has two product categories coolers and services and glass and the market related products lies in coolers and services.

  • In December 2018, FRIGOGLASS has been awarded a Gold medal by EcoVadis for its sustainable practices for 2018.   With this award the company has expanded its product portfolio in the market by gaining the trust of their valuable customers.

The company has presence in Europe, North America, Middle East & Africa, and Asia-Pacific. In addition to it, the company also generates its revenue from the various subsidiary companies such as Frigoglass Industries (Nigeria) Ltd. (Nigeria), Frigoglass Gmbh (India), Frigoglass Indonesia, Pt (Indonesia), Frigorex Cyprus Ltd (Cyprus) among others.

Recent Strategic Decisions

U.S. Beverage Coolers Market