Market Overview:
The global hot drink cabinet market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for convenience foods and beverages, rising disposable income, and growing urbanization. Based on type, the global hot drink cabinet market can be segmented into desktop cabinets and floor-standing cabinets. Desktop cabinets are smaller in size as compared to floor-standing cabinets and are mostly used in convenience stores and restaurants. Floor-standing cabinets are larger in size than desktop cabinets and are used mainly in supermarkets. Based on application, the global hot drink cabinet market can be segmented into convenience stores, supermarkets, restaurants, and others (including schools/colleges). Convenience stores account for a major share of the global hot drink cabinet market due to their widespread presence across all regions. Restaurants is another key application segment of this market owing to the growing trend of eating out among consumers worldwide.
Product Definition:
A hot drink cabinet is a piece of furniture used to store drinks, typically warm drinks such as coffee and tea. They are often found in break rooms and other places where people gather.
Desktop Cabinet:
Desktop cabinet is a type of drinkware/cabinet which is used to store beverages such as coffee, tea or other hot drinks. It’s an essential part of office setup and has been witnessing significant demand from the commercial sector over the past few years.
Floor-Standing Cabinet:
Floor-standing cabinet is a type of equipment used to store non-alcoholic beverages such as milk, juice, and soft drinks. It is also known as beverage cooler or soda cooler. Floor standing cabinets are available in different sizes and capacities to suit consumer requirements. The floor standing cabinet has an advantage over the countertop model in that it can be used in any position whereas the latter can only be used when it’s on a countertop.
Application Insights:
The market is segmented by application into convenience stores, supermarkets, restaurants and others. The restaurant segment dominated the global hot drink cabinet market in 2017 owing to an increase in the number of fine dines across the globe. A rise in travel and tourism has also led to a significant increase in demand for specialty coffee around the world.
Hotels are another important application area for this product as they provide a premium experience to their customers by offering them various amenities such as Wi-Fi access, room service menu along with traditional offerings such as tea and coffee making facilities. These amenities help hotels attract more consumers who are ready to spend on luxury services while traveling or on business trips. This factor is expected to drive demand over the forecast period.
Regional Analysis:
Asia Pacific dominated the global hot drink cabinet market in 2017 and is expected to continue its dominance over the forecast period. This can be attributed to increasing penetration of various types of coffee vending machines in countries such as Japan, China, and India. Moreover, rising demand for a variety of beverages including tea and cocoa is projected to drive regional growth during the forecast period. Europe accounted for more than 25% share in 2017 owing to high product demand from countries such as Germany, U.K., Italy, France among others due to their high standard of living coupled with busy lifestyles. Floor-standing cabinets are most popular in this region due K pod design that allows users sit closer while consuming hot drinks thereby reducing energy consumption compared with other designs (desktop).
Growth Factors:
- Increasing demand for hot drinks due to changing lifestyle and growing awareness about the health benefits of hot drinks.
- Rapid growth of the foodservice industry as consumers shift their spending towards eating out.
- Rising disposable income levels in developing countries, which is fuelling demand for premium and luxury Hot Drink Cabinets products.
- Growing popularity of coffee culture around the world, which is driving demand for high-end Hot Drink Cabinets products with advanced features and functionality.
Scope Of The Report
Report Attributes
Report Details
Report Title
Hot Drink Cabinet Market Research Report
By Type
Desktop Cabinet, Floor-Standing Cabinet
By Application
Convenience Store, Supermarket, Restaurant, Others
By Companies
Haier, Ronsheng, Meiling, Royalstar, DEMASHI, MESDA, Arsenbo, AUCMA, Haier
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
120
Number of Tables & Figures
84
Customization Available
Yes, the report can be customized as per your need.
Global Hot Drink Cabinet Market Report Segments:
The global Hot Drink Cabinet market is segmented on the basis of:
Types
Desktop Cabinet, Floor-Standing Cabinet
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Convenience Store, Supermarket, Restaurant, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Haier
- Ronsheng
- Meiling
- Royalstar
- DEMASHI
- MESDA
- Arsenbo
- AUCMA
- Haier
Highlights of The Hot Drink Cabinet Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Desktop Cabinet
- Floor-Standing Cabinet
- By Application:
- Convenience Store
- Supermarket
- Restaurant
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Hot Drink Cabinet Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A hot drink cabinet is a small, enclosed area in a home or office where people can make and store their own hot drinks. These cabinets may include mugs, pots, pans, and other cooking supplies.
Some of the key players operating in the hot drink cabinet market are Haier, Ronsheng, Meiling, Royalstar, DEMASHI, MESDA, Arsenbo, AUCMA, Haier.
The hot drink cabinet market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Hot Drink Cabinet Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Hot Drink Cabinet Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Hot Drink Cabinet Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Hot Drink Cabinet Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Hot Drink Cabinet Market Size & Forecast, 2018-2028
4.5.1 Hot Drink Cabinet Market Size and Y-o-Y Growth
4.5.2 Hot Drink Cabinet Market Absolute $ Opportunity
Chapter 5 Global Hot Drink Cabinet Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Hot Drink Cabinet Market Size Forecast by Type
5.2.1 Desktop Cabinet
5.2.2 Floor-Standing Cabinet
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Hot Drink Cabinet Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Hot Drink Cabinet Market Size Forecast by Applications
6.2.1 Convenience Store
6.2.2 Supermarket
6.2.3 Restaurant
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Hot Drink Cabinet Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Hot Drink Cabinet Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Hot Drink Cabinet Analysis and Forecast
9.1 Introduction
9.2 North America Hot Drink Cabinet Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Hot Drink Cabinet Market Size Forecast by Type
9.6.1 Desktop Cabinet
9.6.2 Floor-Standing Cabinet
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Hot Drink Cabinet Market Size Forecast by Applications
9.10.1 Convenience Store
9.10.2 Supermarket
9.10.3 Restaurant
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Hot Drink Cabinet Analysis and Forecast
10.1 Introduction
10.2 Europe Hot Drink Cabinet Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Hot Drink Cabinet Market Size Forecast by Type
10.6.1 Desktop Cabinet
10.6.2 Floor-Standing Cabinet
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Hot Drink Cabinet Market Size Forecast by Applications
10.10.1 Convenience Store
10.10.2 Supermarket
10.10.3 Restaurant
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Hot Drink Cabinet Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Hot Drink Cabinet Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Hot Drink Cabinet Market Size Forecast by Type
11.6.1 Desktop Cabinet
11.6.2 Floor-Standing Cabinet
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Hot Drink Cabinet Market Size Forecast by Applications
11.10.1 Convenience Store
11.10.2 Supermarket
11.10.3 Restaurant
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Hot Drink Cabinet Analysis and Forecast
12.1 Introduction
12.2 Latin America Hot Drink Cabinet Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Hot Drink Cabinet Market Size Forecast by Type
12.6.1 Desktop Cabinet
12.6.2 Floor-Standing Cabinet
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Hot Drink Cabinet Market Size Forecast by Applications
12.10.1 Convenience Store
12.10.2 Supermarket
12.10.3 Restaurant
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Hot Drink Cabinet Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Hot Drink Cabinet Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Hot Drink Cabinet Market Size Forecast by Type
13.6.1 Desktop Cabinet
13.6.2 Floor-Standing Cabinet
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Hot Drink Cabinet Market Size Forecast by Applications
13.10.1 Convenience Store
13.10.2 Supermarket
13.10.3 Restaurant
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Hot Drink Cabinet Market: Competitive Dashboard
14.2 Global Hot Drink Cabinet Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Haier
14.3.2 Ronsheng
14.3.3 Meiling
14.3.4 Royalstar
14.3.5 DEMASHI
14.3.6 MESDA
14.3.7 Arsenbo
14.3.8 AUCMA
14.3.9 Haier
