Water Cooler Market Size, Analysis By Growth Rate, Opportunities and Forecast Assessment, 2021-2027

According to a new report published by Allied Market Research, titled, "Water Cooler Market by Product Type, by Application and Distribution Channel: Global Opportunity Analysis and Industry Forecast, 2021-2027," The report offers an extensive analysis of key growth strategies, drivers, opportunities, key segment, Porter's Five Forces analysis, and competitive landscape.

The global water cooler market size was valued at $836.5 million in 2019, and is projected to reach $992.4 million by 2027, registering a CAGR of 3.8% from 2021 to 2027. The bottleless water cooler segment was the highest contributor to the market, and is estimated to grow at a CAGR of 4.6% during the forecast period.

Access Full Summary: https://www.alliedmarketresearch.com/water-cooler-market-A11383

The business expansion and rapid widespread of water cooler stores in local and regional market is fuelling the market growth. Furthermore, these offline stores play a significant role to maintaining the foothold of the brand in market. These offline stores include distribution channels such as direct distribution, supermarket/hypermarket and specialty stores. Moreover, the water cooler industry is expanding their product line by introducing novel design, advanced technologies and new features. This modification in technology, design and features include touch-less operating, RO, UV and portability. These advancements are adding value to the water cooler model, which attracts more customer.

According to the global water cooler market analysis, it is segmented into product type, application, distribution channel and region. The product type includes bottled water cooler, bottleless water cooler and top load water cooler. On the basis of application, the market is classified as commercial and residential. Based on the distribution channel, it is divided into direct distribution, supermarket/hypermarket, specialty stores and e-commerce. Region-wise, it is analyzed across North America (the U.S., Mexico, and Canada), Europe (Germany, France, UK, Italy, Spain and Rest of Europe), Asia-Pacific (Japan, China, Australia, India, South Korea, South East Asia and Rest of Asia-Pacific), and LAMEA (Latin America, the Middle East and Africa).

The basis of product type, the bottleless water cooler segment was the highest contributor the growth of water cooler companies. Also, it was valued at $453.7 million in 2019 and is projected to reach $573.8 million by 2027, registering a CAGR of 4.6% from 2021 to 2027. The growth attributes to low maintenance and increase in awareness about health and hygiene.

On the basis of application, the commercial segment was estimated to reach $677.6 million by 2027, at a CAGR of 3.0%. This growth attributes to increase in the number of school, offices, restaurants and hospitals. Whereas, the residential water cooler segment is the fastest growing segment application-wise. With the growth is registered with a 5.7% CAGR. The increase in urbanization and increase standard of living contributes to the increase in the demand for water coolers.

Request Sample Report: https://www.alliedmarketresearch.com/request-sample/11748

Based on distribution channel, the supermarket/hypermarket segment is estimated to reach $292.3 million by 2027, at a CAGR of 3.2%. As the supermarket/hypermarket provides a large variety of water coolers in the stores. This allows customer to choose right product of good brands.

Region-wise, North America has gained considerable traction in this market and is expected to grow at the highest CAGR of $3.1% during the forecast period. This growth attributes to the presence of numerous water cooler brands in this region. The presence of numerous brands leads to the competition of brands on a large scale. Through this competitive environment, the customer enjoys the products with latest features at a reasonable price.

The key market players profiled in the report include:

• AB Electrolux
• Avalon Water Coolers
• Blue Star Limited
• Brio Water Technology
• Clover Co. Ltd.
• Farberware Cookware
• Kenmore
• Oasis International
• Primo Water Corporation
• Voltas Ltd.

Key Benefits For Stakeholders

The report provides a quantitative analysis of the current global water cooler market trends, estimations, and dynamics of the market size from 2021 to 2027 to identify the prevailing opportunities.
Porter's five forces analysis highlights potency of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis and the market trends and segmentation assists to determine the prevailing global water cooler market opportunity.
The major countries in each region are mapped according to their revenue contribution to the market.
The market player positioning segment facilitates benchmarking and provides a clear understanding of the present position of the market players in the industry.

For Purchase Inquiry: https://www.alliedmarketresearch.com/purchase-enquiry/11748

Contact us:

David Correa
5933 NE Win Sivers Drive
205, Portland, OR 97220
United States
USA/Canada (Toll Free):
+1-800-792-5285, +1-503-894-6022|
UK: +44-845-528-1300 |
Hong Kong: +852-301-84916 |
India (Pune): +91-20-66346060 |
Fax: +1-855-550-5975
Email: help@alliedmarketresearch.com

About Allied Market Research:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

This release was published on openPR.