Market Overview:
The global wine/beverage cooler market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for wine and beverage coolers across different applications, such as home use, commercial use, and other applications. In terms of type, the dual zone segment is expected to hold a major share of the market during the forecast period. This can be attributed to the growing demand for dual zone wine/beverage coolers among consumers owing to their ability to store different types of wines at different temperatures simultaneously. In terms of region, North America is expected to lead the global wine/beverage cooler market during the forecast period followed by Europe and Asia Pacific.
Product Definition:
A wine/beverage cooler is a device used to store and cool beverages, typically wine and beer. They are often found in residential settings, but can also be used in commercial settings. Wine/beverage coolers are important because they keep beverages at the correct temperature, which can improve the taste of the beverage.
Dual Zone:
Dual zone is a feature that allows the user to set two different temperature zones in one cooler. The first zone is usually set at a lower and stable temperature for holding food and beverages such as meat, poultry, seafood and dry goods such as fruits & vegetables. The second zone can be either at the same or a different (lower or higher)temperature as per user preference.
Single Zone:
Single zone is a method to control the temperature of one particular section of a cooler. It can be used in beverage coolers, which are made up of two compartments, one for ice and the other for beverages. The single zone controls the temperature inside that particular compartment only.
It does not affect the overall cooler performance but rather helps in maintaining optimum conditions required for different sections by themselves i.e.
Application Insights:
The other application segment includes commercial use and home use. The home use segment dominated the global wine/beverage cooler market in 2017, accounting for more than 60% share of the overall revenue. This growth is attributed to increasing demand from residential consumers as a result of growing awareness regarding product benefits such as improved cellar conditions, enhanced aesthetic appeal and energy efficiency.
The commercial application segment is expected to witness significant growth over the forecast period owing to an increase in number of restaurants and bars at a global level. Growing trend towards serving chilled red & white wines along with cocktails has boosted industry demand over recent years. Furthermore, dual-zone wine coolers offer better temperature management by maintaining constant temperature throughout the duration of cooling process which helps enhance drink quality and reduce risks associated with microbial contamination during storage time.
Regional Analysis:
North America dominated the global market in 2017. The U.S., in particular, is one of the largest consumers of wine and other beverages coolers across the globe owing to a large number of producers and drinkers of wine within its borders. Furthermore, growing demand for different types of wines from various regions has created an opportunity for beverage cooler manufacturers to cater to this need by providing them with products that can maintain required temperature range effectively over a longer period.
Asia Pacific is expected to be one among fastest-growing regional markets due to rapid urbanization resulting in increased spending on household appliances including refrigerators.
Growth Factors:
- Increasing demand for wine and beverage coolers from the commercial sector as a result of growing number of bars, restaurants, and hotels.
- Rising disposable income of consumers in developing countries is propelling the demand for wine and beverage coolers.
- Growing popularity of outdoor entertainment activities such as picnics, barbecues, etc., is fueling the demand for wine and beverage coolers.
- Technological advancements in cooling technology are resulting in development of more efficient and compact wine and beverage coolers. This is aiding their adoption across various end-use segments. 5
Scope Of The Report
Report Attributes
Report Details
Report Title
Wine/Beverage Cooler Market Research Report
By Type
Dual Zone, Single Zone
By Application
Home Use, Commercial Use, Other
By Companies
Haier, Vinotemp, NewAir, Eurodib, Magic Chef, KingsBottle, Avallon, Frigidaire, Whirlpool, GE, Allavino, Danby, EdgeStar
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
130
Number of Tables & Figures
91
Customization Available
Yes, the report can be customized as per your need.
Global Wine/Beverage Cooler Market Report Segments:
The global Wine/Beverage Cooler market is segmented on the basis of:
Types
Dual Zone, Single Zone
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
Home Use, Commercial Use, Other
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
- Vinotemp
- NewAir
- Eurodib
- Magic Chef
- KingsBottle
- Avallon
- Frigidaire
- Whirlpool
- GE
- Allavino
- Danby
- EdgeStar
Highlights of The Wine/Beverage Cooler 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:
- Dual Zone
- Single Zone
- By Application:
- Home Use
- Commercial Use
- Other
- 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 Wine/Beverage Cooler 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
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- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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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 beverage cooler is a device that helps keep cold drinks and food chilled. It typically consists of a refrigerator, freezer, and ice maker.
Some of the key players operating in the wine/beverage cooler market are Haier, Vinotemp, NewAir, Eurodib, Magic Chef, KingsBottle, Avallon, Frigidaire, Whirlpool, GE, Allavino, Danby, EdgeStar.
The wine/beverage cooler 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 Wine/Beverage Cooler 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 Wine/Beverage Cooler Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Wine/Beverage Cooler 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 Wine/Beverage Cooler 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 Wine/Beverage Cooler Market Size & Forecast, 2020-2028 4.5.1 Wine/Beverage Cooler Market Size and Y-o-Y Growth 4.5.2 Wine/Beverage Cooler Market Absolute $ Opportunity
Chapter 5 Global 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 Market Size Forecast by Type
5.2.1 Dual Zone
5.2.2 Single Zone
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 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 Market Size Forecast by Applications
6.2.1 Home Use
6.2.2 Commercial Use
6.2.3 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Wine/Beverage Cooler 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 Wine/Beverage Cooler 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 Analysis and Forecast
9.1 Introduction
9.2 North America 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 Market Size Forecast by Type
9.6.1 Dual Zone
9.6.2 Single Zone
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 Market Size Forecast by Applications
9.10.1 Home Use
9.10.2 Commercial Use
9.10.3 Other
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 Analysis and Forecast
10.1 Introduction
10.2 Europe 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 Market Size Forecast by Type
10.6.1 Dual Zone
10.6.2 Single Zone
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 Market Size Forecast by Applications
10.10.1 Home Use
10.10.2 Commercial Use
10.10.3 Other
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 Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 Market Size Forecast by Type
11.6.1 Dual Zone
11.6.2 Single Zone
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 Market Size Forecast by Applications
11.10.1 Home Use
11.10.2 Commercial Use
11.10.3 Other
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 Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 Market Size Forecast by Type
12.6.1 Dual Zone
12.6.2 Single Zone
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 Market Size Forecast by Applications
12.10.1 Home Use
12.10.2 Commercial Use
12.10.3 Other
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) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) Market Size Forecast by Type
13.6.1 Dual Zone
13.6.2 Single Zone
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) Market Size Forecast by Applications
13.10.1 Home Use
13.10.2 Commercial Use
13.10.3 Other
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 Wine/Beverage Cooler Market: Competitive Dashboard
14.2 Global Wine/Beverage Cooler Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Haier
14.3.2 Vinotemp
14.3.3 NewAir
14.3.4 Eurodib
14.3.5 Magic Chef
14.3.6 KingsBottle
14.3.7 Avallon
14.3.8 Frigidaire
14.3.9 Whirlpool
14.3.10 GE
14.3.11 Allavino
14.3.12 Danby
14.3.13 EdgeStar