The Europe Retail Coolers Market would witness market growth of 6.0% CAGR during the forecast period (2021-2027).
Various types of retail coolers are available in the market. In recent years, rotationally molded, also called roto-molded coolers have gained popularity. Roto-molded coolers are made by a method known as rotational molding, which involves applying a heated and softened material to a slowly revolving mold. During the cooling process, the mold continues to rotate, resulting in a thick and homogenous final product. The hot liquid plastic is placed over a thick layer of insulation in roto-molded refrigerators. The final product is much tougher and more lasting than typical coolers, with no seals or flaws.
With the ride-on cooler, the cooler has evolved from a means of keeping beverages cold to a mode of transportation of such stuff. Many coolers come with power adapters that use an electrical transformer to convert AC mains or line voltage to 12 volts, as well as a lighter-style socket to plug in the cooler's cord. Some have a crossover-connection device that allows the current to be reversed for heating purposes.
In Europe, the prevalence of a significant number of picnic spots is a major reason that is encouraging the people across this region to go on picnics and road trips. This factor would facilitate the penetration of the retail coolers across this region. In addition, this region has a robust and well-established healthcare infrastructure, due to which, healthcare institutes are able to increase their expenditure on the better technologies. Due to this, the tendencies of the adoption of retail coolers for transporting various vaccines and other contaminable drugs
Moreover, an increased growth across the retail and commercial sector is also allowing more shopkeepers, store owners, and other consumer goods sectors to employ retail coolers intending to offer fresh food to customers.
The Germany market dominated the Europe Retail Coolers Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $111.2 million by 2027. The UK market is poised to grow at a of 5.2% during (2021 - 2027). Additionally, The France market would witness a CAGR of 6.8% during (2021 - 2027).
Based on Distribution Channel, the market is segmented into Offline and Online. Based on Capacity, the market is segmented into Above 50 quarts, Between 26 to 50 quarts, Between 11 to 25 quarts, and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Retail Coolers Market Size will Hit $1.9 Billion by 2027, at a CAGR of 6.9%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Polar Bear Coolers, ORCA (Outdoor Recreation Company of America), LLC, Plastilite Corporation, Bison Coolers, Grizzly Coolers, LLC, Huntington Solutions, LLC, ICEE Containers Pty Ltd., Yeti holdings, Inc., and Newell Brands, Inc.
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