Water Bottle Racks: Introduction
- Water bottle racks are used to keep water bottles of different sizes. Water bottle racks are available in the market in different sizes and shapes.
Key Drivers of the Global Water Bottle Racks Market
- Growing consumer awareness about the benefits of drinking clean water in both urban and rural areas is boosting the market growth.
- Bottled water is filtered and a pure form of water after the bacteria and harmful chemicals are removed. Bottled water helps quench thirst and makes the person feel satisfied. This factor is expected to create demand for water bottle racks in the coming years.
- Increasing demand for smart water bottles in developed counties such as the U.S., U.K., France, and Germany is expected to generate demand for small sized water bottle racks.
Growth Opportunity from Developing Countries
- Governments of developing countries across the world including India, China, South Africa, Mexico, and Brazil are investing in health awareness campaigns which spurs the demand for clean water. Water bottle is a convenient and budget friendly option to store clean drinking water which is likely to create a market avenue in the water bottle rack market.
Rising Penetration of Alternative Products
- Growing penetration of water purifiers in residential and commercial places is expected to restrict the market growth of water bottle racks. The average cost of water purifiers has come down over the past few years which is encouraging consumers to install water purifiers instead of using water bottles. This is likely to decrease the demand for water bottle racks in the coming years.
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Asia Pacific to Hold Major Share of the Global Water Bottle Racks Market
- Asia Pacific is the largest and fastest growing water bottle racks market as a result of increasing requirement of drinkable water in urban cities of developing countries such as India, China, and Sri Lanka. Increase in disposable income among the middle class population coupled with consumers spending on health and hygiene products is propelling the demand for clean drinking water. Furthermore, large number of convenience stores provide water bottle home delivery services which is driving demand for water bottles and water bottle racks.
- The water bottle rack market in Middle East & Africa is also growing significantly. Water bottle racks are used in households as well as in commercial places including bars & restaurants and in the hospitality industry in Saudi Arabia, South Africa, UAE, and other countries. Many small, medium, and large companies are present across this region. In addition, increasing sales through e-commerce channels is expected to further boost the market growth.
Key Players Operating in the Global Market
The global water bottle racks market is highly fragmented with numerous small and large players present in the market. Companies adopt several strategies including product innovation & development, geographical expansion, and merger and acquisition to increase their market revenue. A few of the key players operating in the global water bottle racks market are listed below:
- ALSAMAANI Group
- Bahrain Water Bottling and Beverages Company S.P.C.
- Cixi Best Electrical Appliance Co. Ltd.
- Coca-Cola UNITED
- Lista International
- MIW Water Cooler Experts
- Palletco Plastic Industries LLC
- Polymer Solutions International, Inc.
- Shandong Liyang Plastic Molding Co. Ltd.
- The Water Delivery Company
- Zephyr Fluid Solutions
- Zhejiang Rongxin Industrial & Trading
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Global Water Bottle Racks: Research Scope
Global Water Bottle Racks, by Product Type
Global Water Bottle Racks, by Distribution Channel
- Supermarkets & Hypermarkets
- Convenience Stores
Global Water Bottle Racks, by Region
- North America
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Middle East & Africa
- South Africa
- Rest of Middle East & Africa
- South America
- Rest of South America
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.