Global Beverage Coolers Market Size, Share and Trends Analysis Report, By Installation (Freestanding, Countertop, and Built-In), By Bottle Capacity (Less Than 10, 1 To 30, 31 To 50, 51 To 300, and 301 & Above), By Door Type (4 Doors & Above, 3 Door, 2 Door, and 1 Door), By End-Use (Residential and Commercial), Forecast Period (2022-2028)

 

The global beverage cooler market is anticipated to grow at a CAGR of 5.1% during the forecast period (2022-2028). Changing customer preferences, rising consumer disposable money, and access to a wide range of flavors are all expected to enhance global demand for beverage coolers. Beer and other types of alcohol are preferred by millennials, which is expected to stimulate the regional economy. Furthermore, the spike in millennial demand for carbonated beverages is expected to contribute significantly to market growth. Increased government limitations and the Environmental Protection Agency’s requirement for environmentally acceptable refrigerant alternatives boost product demand by guaranteeing compliance with these criteria. Environmental regulations governing the raw materials and production methods of refrigerators will help the beverage cooler business flourish globally. This is due to an increase in consumer demand for environmentally friendly products. 

Changing customer preferences, rising consumer disposable money, and access to a wide range of flavors are all expected to enhance global demand for beverage coolers. Beer and other types of alcohol are preferred by millennials, which is expected to stimulate the regional economy. Furthermore, during the forecast period, the spike in millennial demand for carbonated beverages is expected to contribute significantly to market growth. Initially, rising beverage consumption drove the growth of the beverage cooler industry. People are drinking beverages at home rather than at bars and other places due to increased health concerns among consumers and enhanced availability of refreshing drink types. The market’s growth rate will be boosted by new market opportunities created by rapid technological advancement. 

Beverage Coolers Market Segmentation:

By Installation

•  Freestanding
•  Countertop
•  Built-In

By Bottle Capacity

•  Less Than 10
•  1 To 30
•  31 To 50
•  51 To 300
•  301 & Above

By Door Type

•  4 Doors & Above
•  3 Door
•  2 Door
•  1 Door

By End-Use

•  Residential
•  Commercial

 Competitive Landscape- Concepcion Industrial Corp., Electrolux AB, General Electric Corp., Haier Inc., PT. Royal Sutan Agung, and SANDEN INTERCOOL (Thailand) PCL., among others. 

Geographic Coverage

• North America Market Size and/or Volume
• Latin America Market Size and/or Volume
• Europe Market Size and/or Volume
• Asia-Pacific Market Size and/or Volume
• Rest of the world Market Size and/or Volume

Key questions answered in this report:

• What is the size of the Beverage Coolers market and what is its expected growth rate?
• What are the primary driving factors that push the Beverage Coolers Market forward?
• What are the Beverage Coolers Industry’s top companies?
• What are the different categories that the Beverage Coolers Market caters to?
• What will be the fastest-growing segment or region?
• In the value chain, what role do essential players play?
• What is the procedure for getting a free copy of the Beverage Coolers Market sample report and company profiles?