Freezer & Beverage Cooler Market, By Product (Ice cream freezers, Wine coolers, Upright freezer, Chest freezer,& Beverage coolers), By Capacity ( 500 & above liters, 300-500 liters, 200-300 liters, 200 & below liters), By Door type (4 door &above, 3 door, 2 door, and 1 door), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Market Trends, Analysis, and Forecast till 2030

Report Code: PMI468821 | Publish Date: May 2024 | No. of Pages: 168

Global Freezer & Beverage Cooler Market Overview

A freezer and beverage cooler is a piece of electric equipment used to keep beverages and foods cold. A beverage cooler is smaller than a refrigerator and requires less energy to keep drinks cold. Freezers and beer coolers come in a variety of sizes, including 500 litres and above, 300 litres, 200 litres, and 200 litres and below. Because of the rise in demand for packaged foods and non-alcoholic beverages, the freezer and beverage cooler market in Southeast Asia (GLOBAL) has grown in recent years. Freezer and beverage cooler devices provide energy-efficient consumption and cost-effective energy-saving strategies to achieve effective cooling and refrigeration for applications in a variety of end-use industries, thanks to numerous advances in refrigeration technology. The rapid growth of QSR (Quick Service Restaurant) such as Mc Donald's, Subway, and Burger King, gravitates people toward fast food. The market's expansion has been aided by changes in consumer eating habits. Freezer &Beverage Cooler market accounted for US$ 623.4 million in 2020 and is estimated to be US$ 1122.3 million by 2030 and is anticipated to register a CAGR of 6.1%.

Impact of Covid-19 pandemic on market

Many sectors have experienced dramatic changes as a result of the Covid-19 pandemic. The food and beverage industry has been harmed by supply chain disruptions in almost every area, including North America, Europe, Asia-Pacific, and the rest of the world. Indonesia, a heavily populated Southeast Asian nation and a major market for freezers and beer coolers, has been put under lockdown as a precautionary measure in the face of the pandemic, which has disrupted the food, beverage, and electronics supply chains. These factors are expected to stifle the growth of the electronics industry in Southeast Asia, especially that of beverage coolers.

Global Freezer & Beverage Cooler Market Dynamics

Growth in business operations by emerging and small sized players

The adoption of western style cuisine and the growing trend of fast food consumption among urban populations are expected to drive market growth during the forecast period. The growth of the market is being aided by increasing urbanisation in places like India and China. Over the forecast period, the growth of modern grocery retailers is expected to propel the GLOBAL freezer and beverage cooler industry. However, modern retailing has recently emerged in the Southeast Asian region. Higher per capita disposable incomes, rising urbanisation, changing lifestyles leading to a rise in demand for prepared foods and ready-to-eat meals, and customer demand for high-quality goods in sanitary environments, and demand for one-stop shopping are all contributing to the growth of modern retail.

Global Freezer & Beverage Cooler Market Segmentation

On the basis of product, market is segmented into Ice cream freezers, wine coolers, upright freezer, chest freezer, and beverage coolers. Based on Capacity, the target market is segmented into 500 & above liters, 300-500 liters, 200-300 liters, 200 & below liters. On the basis of door type, the target market is segmented into 4 door & above, 3 door, 2 door, and 1 door.

Regional Insights:

On region the Global Freezer & Beverage market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Indonesia is regarded as a potential manufacturing hub among the Southeast Asian countries. Asian manufacturers have expanded their manufacturing facilities dramatically in the region. Indonesia is an attractive destination for Japanese and Korean manufacturers due to factors such as low labor costs, political and economic stability, and a large population.

Report Scope:

Attribute

Details

Base year for estimation

2020

Forecast period

2020 – 2030

Market representation

Revenue in USD Million & CAGR from 2020 – 2030

Market Segmentation

By Product- Ice cream freezers, wine coolers, upright freezer, chest freezer, and beverage coolers

By Capacity–500 & above liters, 300-500 liters, 200-300 liters, 200 & below liters.

By door type– 4 door &above, 3 door, 2 door, and 1door

By region- North America, Europe, Asia Pacific, Latin America, Middle east & Africa

Regional scope

North America - U.S., Canada

Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe

Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific

Latin America - Brazil, Mexico, Argentina, Rest of Latin America

Middle East & Africa - South Africa, North  Africa, GCC countries

Report coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments Covered in the Report:

This report forecasts revenue growth at Global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2020 to 2030. For the purpose of this study, has segmented the Freezer & Beverage Cooler market report based on product, capacity, door type, and region.

Freezer & Beverage Cooler Market-Segmentation

Freezer & Beverage Cooler Market, By Region:

  • North America
    • Middle East & Africa
        • GCC
        • South Africa
        • Rest of Middle East & Africa
    • Latin America
        • Brazil
        • Mexico
        • Rest of Latin America
    • Asia Pacific
        • China
        • India
        • Japan
        • South Korea
        • Rest of Asia Pacific
    • Europe
        • Germany
        • UK
        • France
        • Russia
        • Italy
        • Rest of Europe
      • U.S.
      • Canada

Global Freezer & Beverage Cooler Market Key Players

The key players operating in the Freezer & Beverage Cooler market include AB Electrolux, Sharp Electronics Co. Ltd., Concepcion Industrial Corporation, Sanden Intercool, Frigoglass SA, Samemax Refrigeration Sdn Bhd., GE Corporation, PT. Royal Sutan Agung, Hoshizaki Singapore Pte Ltd., and Midea Group.

Global Freezer & Beverage Cooler Market Company Profile

  • AB Electrolux
  •  Sharp Electronics Co. Ltd.
  • Concepcion Industrial Corporation
  •  Sanden Intercool
  •  Frigoglass SA
  • Samemax Refrigeration Sdn Bhd.
  •  GE Corporation
  • PT. Royal Sutan Agung
  • Hoshizaki Singapore Pte Ltd.
  •  Midea Group

“*” marked represents similar segmentation in other categories in the respective section

Global Freezer & Beverage Cooler Market Table of Contents

  1. Research Objective and Assumption
    • Preface
    • Research Objectives
    • Study Scope
    • Years Considered for the study
    • Assumptions
    • Abbreviations
  2. Research Methodology
    • Research data
    • Primary Data
      • Primary Interviews
      • Primary Breakdown
      • Key data from Primary Sources
      • Key Thickness Insights
    • Secondary Data
      • Major Secondary Sources
      • Secondary Sources
    • Market Estimation
    • Top-Down Approach
      • Approach for estimating Market Share by Top-Down Analysis (Supply Side)
    • Bottom-Up Approach
      • Approach for estimating market share by Bottom-up Analysis (Demand Side)
    • Market Breakdown and Data Triangulation
    • Research Assumptions
  3. Market Preview
    • Executive Summary
    • Key Findings—Outlook for Global Freezer & Beverage Cooler  Strategies
      • Key Questions this Study will Answer
      • Market Snippet, By Product
      • Market Snippet, By Capacity
      • Market Snippet, By Door Type
      • Market Snippet, By Region
    • Opportunity Map Analysis
    • Executive Summary—3 Big Predictions
  4. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
      • Market Trends
    • DR Impact Analysis
    • PEST Analysis
    • Porter’s Five Forces Analysis
    • Opportunity Orbit
    • Market Investment Feasibility Index
    • Macroeconomic Factor Analysis
  5. Market Segmentation, By Product,  2020 – 2030, (US$ Mn)
    • Overview
      • Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
      • Y-o-Y Growth Analysis (%), 2020 – 2030
      • Segment Trends
    • Ice cream Freezer
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
    • Wine Cooler
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
    • Upright Freezer
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
    • Chest Freezer
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
    • Beverage Cooler
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
  6. Market Segmentation, By Capacity, 2020 – 2030, (US$ Mn)
    • Overview
      • Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
      • Y-o-Y Growth Analysis (%), 2020 – 2030
      • Segment Trends
    • 500 & above Litres
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
    • 300-500 Litres
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
    • 200-300 Litres
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
    • 200 & Below Litres
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
  7. Market Segmentation, By Door Type, 2020 – 2030, (US$ Mn)
    • Overview
      • Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
      • Y-o-Y Growth Analysis (%), 2020 – 2030
      • Segment Trends
    • 4 Doors & Above
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
    • 3 Doors
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
    • 2 Doors
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
    • 1 Door
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030

 

  1. Global Market, By Region, 2020 – 2030, (US$ Mn)
    • Overview
      • Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
      • Y-o-Y Growth Analysis (%), 2020 – 2030
      • Regional Trends
    • North America
      • Market Size and Forecast (US$ Mn), By Product, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By Capacity, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By Door Type, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
        • U.S.
        • Canada
    • Europe
      • Market Size and Forecast (US$ Mn), By Product, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By Capacity, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By Door Type, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
        • UK
        • France
        • Germany
        • Russia
        • Italy
        • Rest of Europe
    • Asia Pacific
      • Market Size and Forecast (US$ Mn), By Product, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By Capacity, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By Door Type, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
        • India
        • Japan
        • South Korea
        • China
        • Rest of Asia Pacific
    • Latin America
      • Market Size and Forecast (US$ Mn), By Product, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By Capacity, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By Door Type, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
        • Brazil
        • Mexico
        • Rest of Latin America
    • Middle East & Africa
      • Market Size and Forecast (US$ Mn), By Product, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By Capacity, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By Door Type, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
        • GCC
        • Israel
        • South Africa
        • Rest of Middle East
  2. Competitive Landscape
    • Heat Map Analysis
    • Market Presence and Specificity Analysis
  3. Company Profiles
  • AB Electrolux
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Sharp Electronics Co. Ltd.
  • Concepcion Industrial Corporation
  •  Sanden Intercool
  •  Frigoglass SA
  • Samemax Refrigeration Sdn Bhd.
  •  GE Corporation
  • PT. Royal Sutan Agung
  • Hoshizaki Singapore Pte Ltd.
  •  Midea Group

The Last Word

  • Future Impact
    • About Us
    • Contact

FAQs

Freezer & Beverage Cooler market is segmented based on product, capacity, door type and region.

Because of the rise in demand for packaged foods and non-alcoholic beverages, the freezer and beverage cooler market in Southeast Asia (GLOBAL) are becoming the growing factors.

Indonesia is regarded as a potential manufacturing hub among the Southeast Asian countries and will dominate the upcoming market.

The growth of modern grocery retailers is expected to propel the freezer and beverage cooler industry.