Published Date: 31-Mar-2022
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According to a new report, published by KBV research, The Global Retail Coolers Market size is expected to reach $1.9 billion by 2027, rising at a market growth of 6.9% CAGR during the forecast period.
The Offline segment is leading the Global Retail Coolers Market by Distribution Channel 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $1.5 billion by 2027. Offline purchasing allows the customer to explore a wide range of designs, sizes, and prices of the product. Further, the customer can also verify the quality of the retail cooler in the offline mode of shopping.
The Between 26 to 50 quarts market is showcasing a CAGR of 7% during (2021 - 2027). The growth of 26-50 quarts segment attributed to the fact that coolers with this capacity are a combination of an efficient and long-lasting cooling feature. These coolers run on lesser electricity while comprising a significant capacity. In addition, 26-50 quarts retail coolers are ideal for a trip or journey for family and friends.
The North America is the fastest growing region in Global Retail Coolers Market by Region 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $666.1 million by 2027. The Europe market is estimated to witness a CAGR of 6% during (2021 - 2027). Additionally, The Asia Pacific market would experience a CAGR of 8.6% during (2021 - 2027).
Full Report: https://www.kbvresearch.com/retail-coolers-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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.
By Distribution Channel
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