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Retail Coolers Global market Report 2024 – Market Size, Trends, And Global Forecast 2024-2033
The Business Research Company's Retail Coolers Global Market Report 2024 – Market Size, Trends, And Global Forecast 2024-2033
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LANDON, GREATER LANDON, UNITED KINGDOM, September 19, 2024 /EINPresswire / -- The retail coolers market has experienced robust growth in recent years, expanding from $2.20 billion in 2023 to $2.43 billion in 2024 at a compound annual growth rate (CAGR) of 10.6%. The growth in the historic period can be attributed to rising preference for alcoholic beverages, growing number of hypermarkets, growing popularity of e-commerce, rising use of smartphones, and rising trend of fishing.
What Is The Estimated Market Size Of The Global Retail Coolers Market And Its Annual Growth Rate?
The retail coolers market is projected to continue its strong growth, reaching $3.65 billion in 2028 at a compound annual growth rate (CAGR) of 10.7%. The growth in the forecast period can be attributed to increasing demand for outdoor coolers, increase in outdoor recreational activities, increasing demand for energy-efficient coolers, increase in number of convenience stores, and increasing demand for frozen foods.
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Growth Driver Of The Retail Coolers Market
The rising preference for alcoholic beverages is expected to propel the growth of the retail cooler market going forward. Alcoholic beverages are drinks that contain ethanol, commonly known as alcohol that are typically consumed for their psychoactive effects, which can range from mild relaxation and sociability to intoxication and impaired judgment. The rising combination of cultural acceptance, social traditions, and marketing efforts associate alcohol with relaxation, celebration, and socializing. Retail coolers increase the accessibility and convenience of alcoholic products, making them more readily available to consumers. Retail coolers are essential for maintaining the quality, appeal, and regulatory compliance of alcoholic beverages, ultimately contributing to increased sales and customer satisfaction.
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Which Market Players Are Driving the Retail Coolers Market Growth?
Key players in the market include Carrier Global Corporation, Stanley Black & Decker Inc., Newell Brands Inc., Dometic Group AB, Hussmann Corporation, Beverage-Air, YETI Holdings Inc., Epta Group, Rubbermaid Commercial Products, Hillphoenix, Imbera, The Coleman Company Inc., Pelican Products Inc., True Manufacturing Co. Inc., Delfield, AHT Cooling Systems, DeWalt, Master-Bilt, Kysor Warren, Zero Zone, NorLake Inc., Koolatron Corporation, Grizzly Coolers LLC, Turbo Air Inc., Plastilite Corporation, Huntington Solutions, Igloo Products Corp., Bison Coolers, Polar Bear.
What Are the Emerging Trends Shaping the Retail Coolers Market Overview?
Major companies operating in the retail cooler market are focusing on developing in-store video screens to enhance customer engagement, provide dynamic promotional content, and offer a more interactive shopping experience. This technology involves embedding digital displays within cooler doors, transforming traditional refrigeration units into dynamic, interactive advertising platforms that can engage customers directly at the point of sale.
How Is The Global Retail Coolers Market Segmented?
1) By Capacity: Below 10 Quarts, Between 11-25 Quarts, Between 26-50 Quarts, Above 50 Quarts
2) By Distribution Channel: Offline, Online
3) By Application: Camping And Outdoor Activities, Travel And Commuting, Medical Coolers
Geographical Insights: North America Leading The Retail Coolers Market
North America was the largest region in the market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Retail Coolers Market Definition
Retail coolers refer to refrigeration units and cooling systems specifically designed for use in retail environments. These coolers are essential for preserving and displaying perishable goods, ensuring that products such as food, beverages, and flowers remain fresh and appealing to customers.
Retail Coolers Global Market Report 2024 from TBRC covers the following information:
.Market size data for the forecast period: Historical and Future
.Macroeconomic factors affecting the market in the short and long run
.Analysis of the macro and micro economic factors that have affected the market in the past five years
.Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
.Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
An overview of the global retail coolers market report covering trends, opportunities, strategies, and more
The Retail Coolers Global Market Report 2024 by The Business Research Company is the most comprehensive report that provides insights on retail coolers market size , retail coolers market drivers and trends and retail coolers market growth across geographies. This market report helps you gain in-depth insights into opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.
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The Business Research Company
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