Supply Chain Ecosystem Analysis now part of DBMR Reports
Market Size in USD Billion
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USD 295.91 Billion |
| USD 512.24 Billion | |
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U.S. Beverage Coolers Market, By Capacity (Less than 200L, 200-500L, 500-1000L and More Than 1000L), Type (Freestanding, Built-in and Undercounter, Countertop, Dual Zone, Thermoelectric and Others), Temperature Zones (Single, Dual, Triple and Multi (4 Or More Zones)), Size (6 - 50 Bottle, 51 - 100 Bottle, 101 - 200 Bottle and 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 and More Than 13 Shelves), Shelves Material (Metal, Tempered Glass, Wood and Others), Finish (Blacks, Glass, Panel Ready, Silver Tones, Stainless Steel and Wood Finishes), Door Swing (French, Left Sid, Reversible, Right Side and Side by Side), Control Type (Digital, Electronic, Touch and Turn Knob), Distribution Channel (Specialty Stores, Supermarkets/Hypermarkets, E-Commerce and Others), Application (Alcoholic and Non-Alcoholic), End-User (Residential, Commercial, BARS, Hotels and Restaurants, Lounges, Corporate Offices, Movie Theatres, Bookstores and Others) – Industry Trends and Forecast to 2030.
Rapid technological advancements in the U.S. are taking place in electronic devices. Manufacturers are highly focused on developing advanced fridges or coolers for beverages that help consumers keep the beverages products safe and fresh. Features such as mobile apps to control beverages coolers, internet-enabled touch screens, and recipe guides are witnessing higher demand in the U.S. beverage coolers Market.
Data Bridge Market Research analyses that the beverage coolers market is expected to reach USD 512.24 million by 2030, which is USD 295.91 million in 2022, registering a CAGR of 7.10% 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 behaviour.
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015 - 2020)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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Capacity (Less than 200L, 200-500L, 500-1000L and More Than 1000L), Type (Freestanding, Built-in and Undercounter, Countertop, Dual Zone, Thermoelectric and Others), Temperature Zones (Single, Dual, Triple and Multi (4 Or More Zones)), Size (6 - 50 Bottle, 51 - 100 Bottle, 101 - 200 Bottle and 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 and More Than 13 Shelves), Shelves Material (Metal, Tempered Glass, Wood and Others), Finish (Blacks, Glass, Panel Ready, Silver Tones, Stainless Steel and Wood Finishes), Door Swing (French, Left Sid, Reversible, Right Side and Side by Side), Control Type (Digital, Electronic, Touch and Turn Knob), Distribution Channel (Specialty Stores, Supermarkets/Hypermarkets, E-Commerce and Others), Application (Alcoholic and Non-Alcoholic), End-User (Residential, Commercial, BARS, Hotels and Restaurants, Lounges, Corporate Offices, Movie Theatres, Bookstores and Others)
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Market Players Covered
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AB Electrolux (publ) (Sweden), VIKING RANGE, LLC (U.S.), Haier lnc. (India), Perlick Corporation (U.S.), Danby (Canada), Climadiff (France), Frigoglass (Greece), Liebherr (Switzerland), LG Electronics (South Korea), Panasonic Corporation (Japan), SAMSUNG (South Korea), Whirlpool Corporation (Japan), Honeywell International Inc., (U.S.), Blue Star Limited (India), Voltas Inc, (India), Atlantis Products Pvt. Ltd. (India), Mistral Solutions Pvt. Ltd., (India), Midea Group (China), Alfred Kärcher SE & Co. KG (Germany), De’Longhi Appliances S.r.l. (Italy), Olimpia Splendid S.p.A. (Italy), FUJITSU GENERAL (Japan), Vista France (France), Royalsovereign, Inc. (U.S), GREE ELECTRIC APPLIANCES, INC. (China)
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Market Opportunities
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Market Definition
Beverage coolers are small refrigerators for storing drinks or beverages. As a result of its smaller size, this cooler uses less energy, which can save the electricity bill. It is generally designed clearly for holding bottles and cans. Beverage coolers are more stylized, often including a glass door to display drinks and stainless steel details. Unlike regular coolers, most beverage coolers have adjustable chrome glass shelves or metal shelves with holes for better circulation of cold air.
Drivers
The increasing consumption of healthy beverages is expected to drive the growth of the beverage coolers market. Healthy beverages such as vegetable juices and fruit smoothies have several benefits which includes heathy nutrients, ease to drink, helps in digestion and boosting a person's immunity. As a result of all these benefits, the consumption of healthy beverages will eventually enhance the market growth.
Growing acquisition activities by major players to improve the business presence is expected to drive the market growth. For instance, Electrolux AB, a global home appliance manufacturer, acquired Vintec In 2016. With this acquisition, they will focus on increasing the Electrolux AB product line in climate-controlled wine cabinets. This acquisition also helped the company to improve the business presence in the market.
Opportunities
The Increasing product launches by major market players is likely to provide numerous growth opportunities within the market. For instance, in 2021, Vinotemp, a Nevada-based company, launched Garage 300-Bottle Dual-Zone Wine Cooler. It features improved insulation on both the door and cabinet and also adds to resist changing temperatures' effects. Consumers can set and monitor their temperature zones via a central control panel.
The popularity of wine especially among young people is expected to create lucrative opportunities for the market growth. The sparkling wine is high in demand because of its fizziness. This will drive the demand for the wine coolers. Also, increasing awareness regarding consumption of wine which lower cholesterol and strengthen our hearts is expected to surge the demand of wine coolers and impel the market growth.
Restraints/ Challenges
The high cost of beverage cooler is expected to hamper the growth of the market during the forecast period. The major reasons for the high cost of beverage cooler are the UV-blocking glass, specialized temperature control technology, and the humidity control units which slightly influence the market growth.
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
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
Type
Temperature Zones
Size
Cooler Height
Number of Shelves
Shelves Material
Finish
Door Swing
Control Type
Distribution Channel
Application
End-User
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:
SKU-
Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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