Comprehensive Analysis on Beverage Refrigeration Market with Key Players: Whirlpool Corporation, Electrolux, Daikin Industries, Dover Corporation, Haier, Edgestar, Ford, General Electrics, KingsBottle, HABCO, Danfoss, Gamko, Liebherr, Kegco

The global beverage refrigeration market is estimated to gain immense momentum in the coming years owing to the launch of new hypermarkets and convenience stores coupled with new technological developments. Hypermarkets and small convenience stores are some of the best places for people to shop for beverages and other stuff. Thus, the growing global population will spur the need for more such stores, thereby benefiting the global beverage refrigeration market.

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Citing an instance for the same, recently the Casino Group has partnered with the Quatrucci family to introduce new stores under the brand O’Marche Frais. In the meantime, Carrefour Brasil and GPA are planning to invest €403.3 million each in their respective store portfolios. Not only that, their strategic plan also includes the launch of 20 new Carrefour stores annually in the next three to four years. It is rather overt that the new stores will also demand the installation of exclusive refrigeration systems for stocking up beverages like milk, fruit juices, sodas, and other beverages, which will drive the beverage refrigeration market in the coming years.

Increasing consumer preference for packaged drinks which are convenient to consume at home will support the product demand. According to recent statistics, the global consumption of packaged drinks was estimated more than 1.05 trillion liters in 2016 and Chinese consumption amounted to about 178.6 billion liters.

Manufacturers are anticipated to invest in new product development to comply with new energy standards implemented by the regulatory bodies. Further, increasing penetration of refrigerators that employ specific features such as modifiable shelves to accommodate bottles and cans will boost product sales.

Storage beverage refrigeration estimated to register over 4% CAGR in terms of volume by 2024. Increasing demand of premium refrigerators with aesthetic features in high end restaurants, convenience stores and professional kitchens will propel industry.

North America beverage refrigeration market is anticipated to surpass USD 1 billion by 2024. This can be credited to escalating consumption of refreshment drinks and technological improvements in refrigeration systems. In addition, government encouraging utilization of energy-efficient and eco-friendly technologies in refrigerators.

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Asia Pacific market holds over 20% of overall industry share in 2016. According to industry estimates, the region is anticipated to account for more than two-thirds of the global beverages consumption by 2020. The region accounts for 60% of the world population and increasing consumption will provide lucrative opportunities for manufacturers.

Global beverage refrigeration market is fragmented in nature. Key industry players are Electrolux, Daikin Industries, Avanti, Dover Corporation, KingsBottle, Whirlpool Corporation, Edgestar, Haier, Ford and General Electrics. Other Industry participants are Koolatron, Coca-Cola, Danfoss, Gamko, Liebherr, Marvel, Kegco, Danby, Johnson Controls, U-line, HABCO, Allavino, Kenmore, Marvel, United Technologies Corporation and Illinois Tool Works.

Technological advancement is expected to positively influence the industry. Mergers & acquisition is anticipated to be key strategy to widen their geographical presence and improve their profitability.

Table of Content:

Chapter 1. Methodology & Scope

1.1. Methodology

1.1.1. Initial data exploration

1.1.2. Statistical model and forecast

1.1.3. Industry insights and validation

1.1.4. Definitions & forecast parameters

1.2. Data sources

1.2.1. Primary

1.2.2. Secondary

Chapter 2. Executive Summary

2.1. Global beverage refrigeration industry 360 degree synopsis, 2013 -2024

2.1.1. Business trends

2.1.2. Product trends

2.1.3. Regional trends

Chapter 3. Global Beverage Refrigeration Industry Insights

3.1. Industry segmentation

3.2. Industry landscape, 2013 - 2024

3.3. Industry ecosystem analysis

3.3.1. Distribution channel analysis

3.3.2. Profit margin trends

3.3.3. Vendor matrix

3.3.3.1. Role

3.3.3.2. Product portfolio

3.3.3.3. Global presence

3.4. Technology landscape

3.5. Raw material analysis

3.6. Industry best practices & key buying criteria

3.7. Regulatory landscape

3.7.1. U.S.

3.7.2. Europe

3.7.3. Asia Pacific

3.7.4. Latin America

3.7.5. Middle East & Africa

3.8. Pricing analysis

3.8.1. Regional pricing

3.8.1.1. North America

3.8.1.2. Europe

3.8.1.3. Asia Pacific

3.8.1.4. Latin America

3.8.1.5. MEA

3.8.2. Cost structure analysis

3.9. Industry impact forces

3.9.1. Growth drivers, by region

3.9.1.1. North America

3.9.1.2. Europe

3.9.1.3. Asia Pacific

3.9.1.4. Latin America

3.9.1.5. MEA

3.9.2. Industry pitfalls & challenges

3.10. Innovation & sustainability

3.11. Growth potential analysis

3.12. Competitive landscape, 2016

3.12.1. Market share analysis

3.12.2. Key stake holders

3.12.3. Strategy dashboard

3.13. Porter's analysis

3.14. PESTEL analysis

Chapter 4. Global Beverage Refrigeration Market, By Product

4.1. Global beverage refrigeration market share by product, 2016 & 2024

4.2. Under counter beverage refrigerator

4.2.1. Market estimates and forecast, 2013 - 2024

4.2.2. Market estimates and forecast, by region, 2013-2024

4.2.3. Gliding door

4.2.3.1. Market estimates and forecast, 2013 – 2024

Outer scope of this report the refrigeration market is remnant of innovative developments springing up consistently – in a recent incidence a Japanese company recently unveiled a smart fridge that was meant exclusively for beers.

DrinkShift is a smart beer fridge designed to track one’s beer consumption and automatically order more when they’re running low on inventory.
A similar invention called the brew-buddy fridge developed by Tokyo-based Shiftall Inc. uses censors to keep a tally of the beers. Both the inventions will be on display at the popular consumer electronics convention CES 2019. Considering the vast consumer base for beer, emergence of such technologies will present a new growth stream for the beverage refrigeration market in the forthcoming years.

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https://www.marketstudyreport.com/reports/global-and-southeast-asia-freezer-and-beverage-wine-coolers-industry-2018-market-research-report?utm_source=RR-SP

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