Water Coolers Market Size, Share & Trends Analysis Report by Product, by End-user, by Distribution Channel, and by Geography, Forecasts, 2020 - 2024
Technavio has been monitoring the water coolers market and it is poised to grow by USD 562.53 million during 2020-2024, progressing at a CAGR of over 6% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
The COVID-19 pandemic continues to transform the growth of various industries. However, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. COVID-19 will have a low impact on the water coolers market. The market growth in 2020 is likely to increase compared to the market growth in 2019.
Frequently Asked Questions-
Based on segmentation by product, which is the leading segment in the market?
The bottled water coolers are expected to be the leading segment based on product in the global market during the forecast period.
What are the major trends in the market?
Brand loyalty among customers is one of the major trends in the market.
At what rate is the market projected to grow?
Growing at a CAGR of over 6%, the incremental growth of the market is anticipated to be USD 562.53 million.
Who are the top players in the market?
Blue Star Ltd., Breville Group Ltd., Carrier Global Corp., Electrolux AB, Honeywell International Inc., KENT RO Systems Ltd., Qingdao Haier Co. Ltd., Voltas Ltd., Waterlogic Holdings Ltd., and Whirlpool Corp. are some of the major market participants.
What are the key market drivers and challenges?
Product premiumization due to innovation and portfolio extension is one of the major factors driving the market. However, the increasing pressure due to regulatory compliance restraints the market growth.
How big is the APAC market?
The APAC region will contribute to 37% of market growth.
Global Portable Coolers Market: The portable coolers market size has the potential to grow by USD 5.17 billion during 2020-2024, and the market's growth momentum will accelerate during the forecast period. To get extensive research insights: Click and Get FREE Sample Report in Minutes!
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The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Blue Star Ltd., Breville Group Ltd., Carrier Global Corp., Electrolux AB, Honeywell International Inc., KENT RO Systems Ltd., Qingdao Haier Co. Ltd., Voltas Ltd., Waterlogic Holdings Ltd., and Whirlpool Corp. are some of the major market participants. The product premiumization due to innovation and portfolio extension will offer immense growth opportunities. In a bid to help players strengthen their market foothold, this water coolers market forecast report provides a detailed analysis of the leading market vendors. The report also empowers industry honchos with information on the competitive landscape and insights into the different product offerings offered by various companies.
Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The water coolers market report covers the following areas:
Water Coolers Market Size
Water Coolers Market Trends
Water Coolers Market Analysis
This study identifies brand loyalty among customers as one of the prime reasons driving the water coolers market growth during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio's in-depth research has direct and indirect COVID-19 impacted market research reports.
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CAGR of the market during the forecast period 2020-2024
Detailed information on factors that will assist water coolers market growth during the next five years
Estimation of the water coolers market size and its contribution to the parent market
Predictions on upcoming trends and changes in consumer behavior
The growth of the water coolers market
Analysis of the market's competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of water coolers market vendors
Table of Contents:
Executive Summary
Market Landscape
Market ecosystem
Value chain analysis
Market Sizing
Market definition
Market segment analysis
Market size 2019
Market outlook: Forecast for 2019-2024
Five Forces Analysis
Five forces summary
Bargaining power of buyers
Bargaining power of suppliers
Threat of new entrants
Threat of substitutes
Threat of rivalry
Market condition
Market Segmentation by Product
Market segments
Comparison by Product
Bottled water coolers - Market size and forecast 2019-2024
Plumbed-in water coolers - Market size and forecast 2019-2024
Market opportunity by Product
Market Segmentation by End-user
Market segments
Comparison by End user
Commercial - Market size and forecast 2019-2024
Residential - Market size and forecast 2019-2024
Market opportunity by End user
Market Segmentation by Distribution channel
Market segments
Comparison by Distribution channel
Offline - Market size and forecast 2019-2024
Online - Market size and forecast 2019-2024
Market opportunity by Distribution channel
Customer landscape
Geographic Landscape
Geographic segmentation
Geographic comparison
Europe - Market size and forecast 2019-2024
North America - Market size and forecast 2019-2024
APAC - Market size and forecast 2019-2024
South America - Market size and forecast 2019-2024
MEA - Market size and forecast 2019-2024
Key leading countries
Market opportunity by geography
Volume drivers ? Demand led growth
Market challenges
Market trends
Vendor Landscape
Overview
Vendor landscape
Landscape disruption
Vendor Analysis
Vendors covered
Market positioning of vendors
Blue Star Ltd.
Breville Group Ltd.
Carrier Global Corp.
Electrolux AB
Honeywell International Inc.
KENT RO Systems Ltd.
Qingdao Haier Co. Ltd.
Voltas Ltd.
Waterlogic Holdings Ltd.
Whirlpool Corp.
Appendix
Scope of the report
Currency conversion rates for US$
Research methodology
List of abbreviations
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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