India Wine Cooler and Chest Freezers Market: Snapshot
The market for wine cooler and chest freezers in India is being bolstered by a number of factors. At the forefront is the surging demand for processed foods and beverages brought about by the economic development in the country and rapid pace of urbanization that has not just upped the spending capacity of the people but also brought about changes in their lifestyle and eating habits. A rapidly expanding tourism industry is also said to be underpinning the growth in the market for it has led to the emergence of a copious number of hotels and cafes.
Apart from that, the India wine cooler and chest freezers market is being boosted by the increasing focus on food safety and quality regulations. Wine coolers and chest freezers keep food fresh and cool, thereby helping to lower operational costs.
In order to progress in the market, most companies are leveraging mergers and acquisitions, joint ventures, and partnerships. As per a report by Transparency Market Research, the India wine cooler and chest freezers market will likely expand at a 4.9% CAGR from 2017 to 2025 to reach a value of US$ 197.8 mn by 2025 from US$ 127.5 Mn in 2016.
Chest Freezers Dominate Market because of Demand from Hospitality Sector
Depending upon the types of products, the two broad segments in the market are wine coolers and chest freezers. Among the two, the segment of chest freezers leads the market with a dominant share. In 2016, that dominant share stood at 65.0%. The market for chest freezers was worth US$82.3 mn in 2016. In the years ahead too, the segment is expected to hold on to its dominant share in the market in India. This is primarily due to the growth in the service and hospitality sector that consists of restaurants, food chains, and the tourism industries. Changing lifestyles and habits of consumers will also contribute to the growth in the segment. In terms of growth rate, however, the wine coolers market is slated to outpace chest freezers segment.
The market for wine cooler and chest freezer in India can be segmented on the basis of application into cold storage and warehouses, retail, food and beverage processing, and hospitality. Of them, the food and beverage segment outshines all others in terms of market share. Hospitality is another key segment that generates substantial demand in the wine cooler and chest freezer market in India.
South India Market Shines due to Higher Spending Capacity of Denizens
Key regions in the India wine cooler and chest freezer market are North, East, South, and West India. South India, of them, is known to be a frontrunner in terms of revenue generation. This is mainly on account of high consumption of processed food and beverages in the region. The relatively higher economic growth in the region, in turn, is responsible to driving up demand by giving more money in people’s hands to spend.
North India is another key segment with significant contribution to revenue in the wine cooler and chest freezer market. In the years ahead, the region will continue contributing to the overall revenue in the market. West India market too is predicted to clock a healthy in the upcoming years.
Some of the key players operating in the India wine cooler and chest freezer market are Rockwell Industries Ltd., AB Electrolux, Haier lnc, Kieis Ltd., Elan Professional Appliances Pvt. Ltd, Williams Refrigeration, The Middleby Corporation, Westinghouse Electric Corporation, Western Refrigeration Private Limited, and Whirlpool of India Limited.
The India Wine Cooler and Chest Freezer Market has been segmented as follows:
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by Product |
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Wine Cooler Market, by Capacity |
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Chest Freezer Market, by Capacity |
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Wine Cooler Market, by Price |
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Chest Freezer Market, by Price |
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by Application |
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By Geography |
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1. Preface
1.1. Market Definition and Scope
1.2. Market Segmentation
1.3. Key Research Objectives
1.4. Research Highlights
2. Assumptions and Research Methodology
3. Executive Summary : India Wine Cooler and Chest Freezer Market
4. Market Overview
4.1. Introduction
4.1.1. Product Definition
4.1.2. Industry Evolution / Developments
4.2. India Wine Cooler and Chest Freezer Market Overview
4.3. Market Dynamics
4.3.1. Drivers
4.3.2. Restraints
4.3.3. Opportunity
4.4. India Wine Cooler and Chest Freezer Market Analysis and Forecasts, 2012 – 2025
4.4.1. Market Revenue Projections (US$ Mn)
4.4.2. Market Volume Projection (Million Units)
4.5. Porter's Five Forces Analysis – Wine Cooler and Chest Freezer Market
4.6. Consumer Analysis
4.6.1. Potential Market Share (%), 2016
4.6.2. Geographical Footprint
4.6.3. Key Products Installed
4.7. Value Chain Analysis
4.8. Market Outlook
5. India Wine Cooler and Chest Freezer Market Analysis and Forecasts, By Product
5.1. Introduction & Definition
5.2. Market Analysis (US$ Mn and Million Units) Forecast, By Product, 2012-2025
5.2.1. Wine Cooler
5.2.2. Chest Freezer
5.3. Product Comparison Matrix
5.4. Market Attractiveness By Product
6. India Wine Cooler Market Analysis and Forecasts, By Capacity
6.1. Introduction & Definition
6.2. Market Analysis (US$ Mn and Million Units) Forecast, By Capacity, 2012-2025
6.2.1. Less than 16 bottles
6.2.2. 16 to 30 bottles
6.2.3. 31 to 60 bottles
6.2.4. 61 to 100 bottles
6.2.5. More than 100 bottles
6.3. Capacity Comparison Matrix
6.4. Market Attractiveness By Capacity
7. India Chest Freezer Market Analysis and Forecasts, By Capacity
7.1. Introduction & Definition
7.2. Market Analysis (US$ Mn and Million Units) Forecast, By Capacity, 2012-2025
7.2.1. 500 & above Liters
7.2.2. 300 to 500 Liters
7.2.3. 200 to 300 Liters
7.2.4. 200 & Below Liters
7.3. Capacity Comparison Matrix
7.4. Market Attractiveness By Capacity
8. India Wine Cooler Market Analysis and Forecasts, By Price
8.1. Introduction & Definition
8.2. Market Analysis (US$ Mn and Million Units) Forecast, By Price, 2012-2025
8.2.1. Economical
8.2.2. Premium
8.3. Price Comparison Matrix
8.4. Market Attractiveness By Price
9. India Chest Freezer Market Analysis and Forecasts, By Price
9.1. Introduction & Definition
9.2. Market Analysis (US$ Mn and Million Units) Forecast, By Price, 2012-2025
9.2.1. Economical
9.2.2. Premium
9.3. Price Comparison Matrix
9.4. Market Attractiveness By Price
10. India Wine Cooler and Chest Freezer Market Analysis and Forecasts, By Application
10.1. Introduction & Definition
10.2. Market Analysis (US$ Mn) Forecast, By Application, 2015 - 2025
10.2.1. Retail
10.2.2. Hospitality
10.2.3. Food & Beverage Processing
10.2.4. Cold Storage & warehouses
10.2.5. Other
10.3. Application Comparison Matrix
10.4. Market Attractiveness By Application
11. India Wine Cooler and Chest Freezer Market Analysis and Forecasts, By Geography
11.1. Introduction & Definition
11.2. Key Findings
11.3. Market Analysis (US$ Mn) Forecast, By Geography, 2015 - 2025
11.3.1. North
11.3.2. West
11.3.3. South
11.3.4. East
11.4. Geography Comparison Matrix
11.5. Market Attractiveness By Geography
12. Competition Landscape
12.1. India Wine Cooler and Chest Freezer Market Share Analysis By Company (2016)
12.1.1. Wine Cooler (Value % and Volume %)
12.1.2. Chest Freezer (Value % and Volume %)
12.2. Market Player – Competition Matrix
12.3. Company Profiles (Details – Overview, Financials, Recent Developments, Strategy)
12.3.1. AB Electrolux
12.3.1.1. Company Details (HQ, Foundation Year, Employee Strength)
12.3.1.2. Market Presence, By Segment and Geography
12.3.1.3. Revenue and Operating Profits
12.3.1.4. Strategy and Historical Roadmap
12.3.1.5. SWOT Analysis
12.3.2. Elan Professional Appliances Pvt. Ltd
12.3.2.1. Company Details (HQ, Foundation Year, Employee Strength)
12.3.2.2. Market Presence, By Segment and Geography
12.3.2.3. Revenue and Operating Profits
12.3.2.4. Strategy and Historical Roadmap
12.3.2.5. SWOT Analysis
12.3.3. Haier lnc.
12.3.3.1. Company Details (HQ, Foundation Year, Employee Strength)
12.3.3.2. Market Presence, By Segment and Geography
12.3.3.3. Revenue and Operating Profits
12.3.3.4. Strategy and Historical Roadmap
12.3.3.5. SWOT Analysis
12.3.4. Kieis Ltd.
12.3.4.1. Company Details (HQ, Foundation Year, Employee Strength)
12.3.4.2. Market Presence, By Segment and Geography
12.3.4.3. Revenue and Operating Profits
12.3.4.4. Strategy and Historical Roadmap
12.3.4.5. SWOT Analysis
12.3.5. Rockwell Industries Ltd.
12.3.5.1. Company Details (HQ, Foundation Year, Employee Strength)
12.3.5.2. Market Presence, By Segment and Geography
12.3.5.3. Revenue and Operating Profits
12.3.5.4. Strategy and Historical Roadmap
12.3.5.5. SWOT Analysis
12.3.6. The Middleby Corporation
12.3.6.1. Company Details (HQ, Foundation Year, Employee Strength)
12.3.6.2. Market Presence, By Segment and Geography
12.3.6.3. Revenue and Operating Profits
12.3.6.4. Strategy and Historical Roadmap
12.3.6.5. SWOT Analysis
12.3.7. Western Refrigeration Private Limited
12.3.7.1. Company Details (HQ, Foundation Year, Employee Strength)
12.3.7.2. Market Presence, By Segment and Geography
12.3.7.3. Revenue and Operating Profits
12.3.7.4. Strategy and Historical Roadmap
12.3.7.5. SWOT Analysis
12.3.8. Westinghouse Electric Corporation
12.3.8.1. Company Details (HQ, Foundation Year, Employee Strength)
12.3.8.2. Market Presence, By Segment and Geography
12.3.8.3. Revenue and Operating Profits
12.3.8.4. Strategy and Historical Roadmap
12.3.8.5. SWOT Analysis
12.3.9. Whirlpool of India Limited
12.3.9.1. Company Details (HQ, Foundation Year, Employee Strength)
12.3.9.2. Market Presence, By Segment and Geography
12.3.9.3. Revenue and Operating Profits
12.3.9.4. Strategy and Historical Roadmap
12.3.9.5. SWOT Analysis
12.3.10. Williams Refrigeration
12.3.10.1. Company Details (HQ, Foundation Year, Employee Strength)
12.3.10.2. Market Presence, By Segment and Geography
12.3.10.3. Revenue and Operating Profits
12.3.10.4. Strategy and Historical Roadmap
12.3.10.5. SWOT Analysis
13. Key Takeaways
List of Tables
Table 1: Consumer Analysis Snapshot
Table 2: Market Size (US$ Mn) Forecast by Product, 2012 – 2025
Table 3: Market Size (Thousand Units) Forecast by Product, 2012 - 2025
Table 4: Market Size (US$ Mn) Forecast by Capacity , 2012 - 2025
Table 5: Market Size (Thousand Units) Forecast by Capacity, 2012 - 2025
Table 6: Market Size (US$ Mn) Forecast by Capacity , 2012 - 2025
Table 7: Market Size (Thousand Units) Forecast by Capacity , 2012 - 2025
Table 8: Market Size (US$ Mn) Forecast by Price, 2012 - 2025
Table 9: Market Size (Thousand Units) Forecast by Price, 2012 - 2025
Table 10: Market Size (US$ Mn) Forecast by Price, 2012 - 2025
Table 11: Market Size (Thousand Units) Forecast by Price, 2012 - 2025
Table 12: Market Size (US$ Mn) Forecast by Application, 2012 - 2025
Table 13: Market Size (US$ Mn) Forecast by Geography, 2012 - 2025
Table 14: Market Size (US$ Mn) Market Share Analysis by Company, 2016
List of Figures
Figure 1: India Wine Cooler and Chest Freezer Market, Revenue 2012 – 2025 (US$)
Figure 2: Market Value By Product Type (2016)
Figure 3: Market Value By Price (2016)
Figure 4: Market Value By Application (2016)
Figure 5: Market Revenue By Region (2016)
Figure 6: Comparison Matrix
Figure 7: Wine Cooler and Chest Freezer Market , Attractiveness Analysis, by Product (2016)
Figure 8: Comparison Matrix
Figure 9: India Wine Cooler Market, Attractiveness Analysis, by Capacity (2016)
Figure 10: Comparison Matrix
Figure 11: India Wine Cooler Market, Attractiveness Analysis, by Capacity (2016)
Figure 12: Comparison Matrix
Figure 13: India Wine Cooler Market, Attractiveness Analysis, by Price (2016)
Figure 14: Comparison Matrix
Figure 15: India Wine Cooler Market, Attractiveness Analysis, by Price (2016)
Figure 16: Comparison Matrix
Figure 17: India Wine Cooler Market, Attractiveness Analysis, by Application (2016)
Figure 18: Comparison Matrix
Figure 19: India Wine Cooler Market, Attractiveness Analysis, by Geography (2016)
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Wine Cooler and Chest Freezer Market
