Underbar refrigerators are designed to store bottled alcoholic beverages. It helps to preserve the quality and flavor of alcoholic beverages. Underbar refrigerators come with various configurations such as drawers, or slide tops, and with one to four doors. These refrigerators are available in different sizes, price range, and bottle capacity. The size of these refrigerators starts from 24 to 72 inches and depth ranges from 24 to 34 inches. Manufacturers of underbar refrigeration are focused on offering innovative systems with new technologies and energy-efficient underbar refrigeration equipment in order to increase their customer base and market position. The new models come with energy efficiency technologies which help to save on electricity bills. These features are anticipated to drive the demand for underbar refrigerators in the coming years.
The market is likely to have a high degree of short and mid-term impact due to the rising consumption of processed food and beverages. However, factors such as adoption of commercial refrigerators and freezers in supermarkets and hypermarkets are expected to have a moderate impact in the latter part of the forecast period. Increasing number of restaurants, supermarkets, and cafes have contributed crucially to the growth of the underbar refrigerators market. Furthermore, increasing focus on energy efficiency and low emission technology is likely to have a greater impact on the underbar refrigerators market. All these aspects are expected to drive the overall underbar refrigeration market during the forecast period. However, high taxes and price of alcoholic beverages is anticipated to have a negative impact on the overall underbar refrigeration market during the forecast period.
The global underbar refrigeration market can be segmented in terms of product type, size, application, price range, distribution channel, and geography. Based on product type, the underbar refrigeration market is classified into bottle coolers, and chillers & fosters. Based on size, the underbar refrigeration market is segmented into less than 16 bottles, 16 to 30 bottles, 31 to 60 bottles, 61 to 100 bottles, and more than 100 bottles. On the basis of application, the underbar refrigeration market is segmented into residential and commercial. The commercial segment is further segmented into food service industry, food processing industry, hotels and restaurants, and others. Based on price range, the market is segmented into economical price and premium price. On the basis distribution channel, the underbar refrigeration market is classified into online distribution channel and offline distribution channel. Offline distribution channel segment is further sub segmented into supermarkets and hypermarkets, convenience stores, and others. Supermarkets and hypermarkets already have a strong presence in the current market.
Geographically, the global underbar refrigeration market can be classified into Asia Pacific (India, China, and Japan), Europe (the U.K., France, and Germany), Middle East & Africa (GCC and South Africa), North America (the U.S. and Canada), and South America (Brazil). North America is expected to hold the major share of the market followed by Europe. The dominant share of North America is due to stable demand for underbar refrigerators from restaurants, food processing industry, and hotels. Moreover, rapid growth in the number of foodservice is expected to increase the demand for underbar refrigeration in this region. Asia Pacific is anticipated to experience high growth rate in the underbar refrigeration market during the forecast period.
Major players operating in the global underbar refrigeration market are Perlick, Micro Matic, Continental Refrigerator, True Manufacturing, Haier, Williams Refrigeration, SKOPE, Delfield, Bromic, Foster Refrigerator, Kolpak, Master Bilt, Nor Lake, Able Products, Amrikooler, Honeywell, Inertek Group, Emerson Electric, Beverage Air Corporation, Hussmann Corporation, FRIGINOX, Blue Air Inc., and others.
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