The beverage cooler market will grow at a consistent pace in the forecast period with major demand arising from Western and Southern European countries and the US, where consumption of a variety of beverages is relatively high.
Developments in the residential construction market will also positively impact the demand for such high end appliances.
Consumers in developed counties like the US and Western European countries have adopted the trend of incorporating entertaining rooms in their homes. In order to make serving and storing beverages convenient, consumers are investing in wine coolers and beverage centers.
Technavios analysts forecast the global Beverage Coolers market to grow at a CAGR of 5.14% during the period 2016-2020.
Covered in this report The report covers the present scenario and the growth prospects of the global beverage coolers market for the period 2016-2020. To calculate market size, the report considers the revenue generated from the sale of the beverage coolers for the residential segment in the following segments: Beverage centers Wine coolers
Technavio's report, Global Beverage Coolers Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
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