The analysts forecast global beverage coolers market to grow at a CAGR of 5.14% during the period 2016-2020.
The beverage cooler market will grow at a consistent pace in the forecast period with major demand arising from Western and Southern European countries and the US, where consumption of a variety of beverages is relatively high. Developments in the residential construction market will also positively impact the demand for such high end appliances.
Consumers in developed counties like the US and Western European countries have adopted the trend of incorporating entertaining rooms in their homes. In order to make serving and storing beverages convenient, consumers are investing in wine coolers and beverage centers.Covered in this report
This report covers the present scenario and the growth prospects of the global beverage coolers market for the period 2016-2020. To calculate market size, the report considers the revenue generated from the sale of the beverage coolers for the residential segment in the following segments:
- Beverage centers
- Wine coolers
This report, Global Beverage Coolers Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. This report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
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- Qingdao Haier
- Sears Holding Company
Other prominent vendors
- AGA Marvel
- Avanti Products
- Vinotemp International
- Growth in the global beverage market
- Threat from ordinary household refrigerators
- Growth of modular kitchens
Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
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