Stratview Research has launched a new report, titled Freezer and Beverage & Wine Coolers Market segmented By Type (Ice-cream Freezers, Chest Freezers, Upright Freezers, Beverage Coolers, Wine Coolers), End-Use (Commercial {Cold Storages and Warehouses, Retail and Specialty Stores, Food & Beverage Processing, Hotels and Restaurants, Others}, Residential), and Region.

Covid-19 Impact Analysis:

Covid-19 has highly impacted the market dynamics, competition, and supply chain of almost all industries. The revenues have gone down in 2020 and are expected to resume an uptrend gradually from 2021 and continue to grow further. The report covers all the segments that were affected by the pandemic.

According to the report, The Freezer and Beverage & Wine Coolers market is projected to grow from USD 1.6 billion in 2020 to USD 2.1 billion by 2026 at a CAGR of around 4.6% during the forecast period.

Market Segments’ Analysis

By end-use, the freezer and beverage & wine coolers market have been bifurcated into commercial and residential. The commercial segment has been further sub-segmented into cold storage and warehouses, retail and specialty stores, food & beverage processing, hotels and restaurants, and others. Under these, the commercial segment accounted for the largest market share in 2020 and is projected to register significant growth during the review period.

By region, the market in North America accounted for the largest market share in 2020 and is projected to grow at a significant CAGR during the assessment period. The regional growth is primarily attributed to the high consumption rate of packaged beverages coupled with the presence of key market players such as General Electric Company (US). The market growth in the Asia-Pacific region is expected to be driven by increasing consumption of healthy and nutritious drinks in developing countries particularly China and India coupled with rising per capita disposable income of the consumers.

Key Players

The following are the key players in the Freezer and Beverage & Wine Coolers Market.

  • Electrolux AB (Sweden)
  • Concepcion Industrial Corporation (Philippines)
  • Frigoglass (Greece)
  • General Electric Company (US)
  • Midea Group (China)
  • GEA RSA (Indonesia)
  • Sanden Intercool Public Co.,LTD. (Thailand)
  • Sharp Corporation (Japan).

Frequently Asked Questions –

This report provides vital information and valuable insights, enabling the users to identify the strategic growth opportunities in the market. The report aims at answering the following key questions:

  • What is the current and future market size of Freezer and Beverage & Wine Coolers Market?
  • How has the COVID-19 pandemic impacted the market? How fast is it expected to recover?
  • What will be the short and long-term effects of the pandemic?
  • How are other market factors affecting the market dynamics?
  • Which segments offer high-growth opportunities in the long run?
  • How fierce is the Freezer and Beverage & Wine Coolers Market competition?
  • What are the key emerging trends and unmet needs in the present market?
  • What are the strategic growth opportunities and key success factors?

Read the full report: here

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