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. A retail cooler is a self-contained or remote-condensing appliance that employs a vapor-compression refrigeration system and is developed for food and beverage storage in order to protect the product contamination by keeping products at a consistent temperature.
New York, April 04, 2022 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Global Retail Coolers Market Size, Share & Industry Trends Analysis Report By Distribution Channel, By Capacity, By Regional Outlook and Forecast, 2021 - 2027" - https://www.reportlinker.com/p06249524/?utm_source=GNW Evaporators and condensers are used in these coolers to keep the internal storage space cold. The foodservice industry is the primary user of these industrial coolers. Picnics, fishing trips, long drives, and boating, are some of the activities in which these coolers can be carried. In addition, these coolers offer immense convenience in activities like camping and trekking. It is most commonly filled with ice cubes to keep the goods inside, cold. Ice packs are occasionally utilized because they either keep the melting water within or have a gel inside that keeps it colder for longer than plain ice. In warmer summers, they can also be used to transport chilled groceries or food products, for example preventing ice cream from melting in a vehicle. Even without the ice, this can be beneficial, especially if the ride home is long. Cup holders are also integrated into the lids of some coolers. Reach-in coolers with bottom-mounted compressors may make it convenient to keep the environment of the cooler, colder. Additionally, reach-in coolers with compressors at the top, on the other hand, are less likely to accumulate dust and become clogged. COVID-19 Impact The COVID-19 led the world to a very critical environment in terms of economy and healthcare. Many businesses were demolished due to the advent of this pandemic. In addition, the COVID-19 pandemic also caused a significant inconvenience in the day-to-day life of people across the world. Moreover, the COVID-19 pandemic also affected the retail cooler market. The major factor that led the market to a downfall was the lockdown that was enforced by the government with the purpose to regulate the diffusion of the infection. Due to the lockdown, the manufacturing units of various goods, including retail cooler, went under a temporary closure. The supply chain of the product was substantially hampered. Further, the COVID-19 outbreak had an adverse impact on the demand for retail coolers primarily from the hospitality industry. One of the most major changes in recent months has been the shutdown of non-essential goods and services, which had a negative impact on the food-service industry. Market Growth Factors: Rising trend of frozen food In the era of rapid urbanization, people are constantly focusing on making their lifestyles more enhanced and convenient. Due to this reason, the consumption of frozen food, such as frozen peas and frozen meat, is rapidly emerging as a trend across the world. Frozen food is kept at an immensely low temperature from the time it was made till the time it is consumed. This process is done in order to preserve the food for a long time. Moreover, frozen food items are widely available across the market in form of packaged food Due to the increased demand for packaged frozen food, the availability of these food items across the market is increased. In addition, these products are widely available in grocery stores and general stores as well. Compact and energy-efficient Retail coolers consume a lesser amount of energy in comparison to traditional and massive refrigerators. Due to the fact that these coolers are much smaller than the regular commercial refrigerators, retail coolers work on a smaller portion of energy. In addition, the increasing concerns about the conservation of energy are accelerating the demand for energy-efficient appliances that can also save cost on electricity bills. In addition, retail coolers would be majorly demanded by small-scale stores and shops due to the lesser consumption of electricity. Owing to the enhanced portability, retail coolers are significantly being utilized by street vendors in order to keep their items cold for a long duration of time in any weather. Market Restraining Factors: High cost of the product The ability to keep food products at the proper temperature is a key reason for the increasing demand for retail coolers. However, a major factor affecting demand for these coolers is the high initial cost of the retail coolers. Expenses that occur in the deployment of retail coolers are much higher. In addition, the increased installation cost of retail coolers is a substantial hurdle for small-sized business owners and shopkeepers. Additionally, the maintenance cost to these coolers is also high owing to the fluctuating equipment prices of the product. Along with that, there are a few risks that are associated with the product, such as condenser failure. The cost that incurs in the repairing of a damaged condenser is significant and cannot be afforded by numerous small store owners. Distribution Channel Outlook Based on Distribution Channel, the market is segmented into Offline and Online. In 2020, the online segment recorded a significant revenue share of the retail coolers market. The growth of this segment is owing to the convenience that is offered by the online shopping mode. The buyer can go through a broad range of products from all over the world and from different manufacturers with just few clicks and can compare one product with another. Moreover, in the online mode of shopping the customer can also experience doorstep delivery in a short period of time. Capacity Outlook Based on Capacity, the market is segmented into Above 50 quarts, Between 26 to 50 quarts, Between 11 to 25 quarts, and Others. In 2020, the above 50 quarts garnered the largest revenue share of the retail coolers market. These retail coolers with greater capacity are ideal for long road trips, camping trips, and sporting activities. Additionally, the cooler is frequently built with heavy-duty wheels so that it can be rolled through rugged terrain while fully laden. A 50-60pint cooler is perfect for holding all foods and drinks in the weekend camping scenario for big travel groups. Regional Outlook Based on Regions, the market is segmented into North America, Europe, Asia Pacific, and Latin America, Middle East & Africa. In 2020, Europe procured a substantial revenue share of the retail coolers market. In Europe, the increasing number of people that are consuming liquor is one of the major reasons that are surging the demand and growth of the retail coolers market. Moreover, the rising trend of fishing across this region is also accelerating the demand for retail coolers. The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include 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. Strategies deployed in Retail Coolers Market Jun-2021: Coleman Company, a subsidiary of Newell, partnered with AAA Innovations, an online store vendor of backpacks. Following this partnership, the companies would launch Sasquatch, a Wichita-built 54-quart steel cooler with a storage capacity of 84 cans. Mar-2021: YETI joined hands with Perfect Game, the largest elite youth baseball, and softball platform and scouting service in the world. This partnership would bring together, the capabilities of YETI in cooler and drinkware, and Perfect Game’s best-in-class youth baseball and softball platform and scouting service. Sep-2020: ORCA Coolers rolled out ORCA Vino wine tumbler, ORCA Walker 20, and ORCA Walker Tote. The new range aimed to offer more versatility and comfort to its customers in carrying these soft-sided coolers. In addition, these new products are lightweight and durable which makes them ideal for outdoor trips, such as camping, adventures, beach trips, and family outings. Jun-2020: ORCA formed a partnership with Clearwater, a top 40 supplier BIC Graphic based in Florida. The partnership would unlock the ability of ORCA to bring USA-built, high-quality coolers to nationwide suppliers. Jul-2019: Huntington Solutions took over Texas Foam, a leader in the EPS industry. With the addition of Texas Foam’s portfolio, Huntington aimed to fulfill the demands of its customers by including a broad range of excellent cold-chain packaging technologies into its offerings. Scope of the Study Market Segments covered in the Report: By Distribution Channel • Offline • Online By Capacity • Above 50 quarts • Between 26 to 50 quarts • Between 11 to 25 quarts • Others By Geography • North America o US o Canada o Mexico o Rest of North America • Europe o Germany o UK o France o Russia o Spain o Italy o Rest of Europe • Asia Pacific o China o Japan o India o South Korea o Singapore o Malaysia o Rest of Asia Pacific • LAMEA o Brazil o Argentina o UAE o Saudi Arabia o South Africa o Nigeria o Rest of LAMEA Companies Profiled • 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. • Newell Brands, Inc Unique Offerings • Exhaustive coverage • Highest number of market tables and figures • Subscription based model available • Guaranteed best price • Assured post sales research support with 10% customization free Read the full report: https://www.reportlinker.com/p06249524/?utm_source=GNW About Reportlinker ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place. __________________________
(Bloomberg) -- Russia’s state oil producing giant Rosneft PJSC surprised traders in Europe and Asia with offers to sell large amounts of crude at speed, as well as setting out significant changes to the payment process for at least some of the cargoes.Most Read from BloombergKremlin Insiders Alarmed Over Growing Toll of Putin’s War in UkraineNetflix Craters After Shock Subscriber Drop, ‘About-Face’ on AdsUkrainian Troops Risk Being Encircled in New Russian OffensiveIn Defense of Elon Musk's Mana
Netfix (NFLX) shares are tanking 35% on Wednesday afternoon, their worst daily performance since 2004 after an unexpected decline in first-quarter net subscribers.
Chile, the world's top copper producer, earlier this month sued BHP among others miners over alleged environmental damages caused by its operations in the Atacama salt flats. That, along with road blockades, threats of work stoppage over alleged worker contract breaches, and surging COVID-19 infections at Escondida has affected production at the project, which houses the world's largest copper deposit. "Our Chilean assets experienced a challenging operating environment in the March 2022 quarter due to a reduction in our operational workforce as a result of a significant increase in COVID-19 cases in Chile," the miner said in its third-quarter production report.
Copper miner Freeport-McMoRan Inc on Thursday reported a jump in first-quarter profit, as supply worries bolstered prices of the red metal. Prices of copper, a key metal used in wiring, electric vehicles and other electronics, rose about 7% in the first quarter on fears that Russia's invasion of Ukraine would disrupt supply chains. Investors are betting on copper's critical role in reducing emissions as the world transitions to a lower carbon economy.
Boeing Co has advised key airlines and parts suppliers that 787 Dreamliner deliveries would resume in the second half of 2022, a crucial landmark for an industry eager for a post-COVID recovery, three people familiar with the matter said. Boeing's swollen 787 inventory, amassed since it halted deliveries nearly a year ago over structural flaws, has locked up desperately needed cash and cut airline capacity. Resuming deliveries is also key to Boeing's plans for step-by-step 787 production increases in the coming months - vital to propping up a supply chain that has weathered successive crises.
(Bloomberg) -- Qatar is sounding out buyers about a further expansion of its liquefied natural gas capacity, according to people familiar with the matter, as Europe rushes to secure supplies in the wake of Russia’s war in Ukraine.Most Read from BloombergKremlin Insiders Alarmed Over Growing Toll of Putin’s War in UkraineNetflix Rout Is Worst Since 2004, Punishing Roku and Disney, TooUkrainian Troops Risk Being Encircled in New Russian OffensiveUkraine Update: Mariupol on Brink; China Stands With
As Netflix searches for new subscribers amid a big downturn, the streaming giant is looking to end password sharing.
Given the uncertainty of the Russia-Ukraine conflict, high fertilizer—and food—prices may be here to stay.
The energy sector is composed of companies focused on the exploration, production, and marketing of oil, gas, and renewable resources around the world. Energy sector stocks include upstream companies that primarily engage in the exploration of oil or gas reserves, such as Devon Energy Corp. Downstream companies include Marathon Petroleum Corp., which refines and processes oil and gas products for delivery to consumers. Among the industry's biggest players are Chevron Corp. and ExxonMobil Corp.
Because it takes care of the technology, customers can have top-notch website speed. Additionally, Cloudflare provides cybersecurity for the customers on its servers. Currently, Cloudflare has data centers in more than 250 cities globally, each of which stores code for customers on its cloud website hosting service.
Retirement can often be daunting because it means a shift from traditional income to a reliance on savings, investments and government programs such as Social Security. However, for most Americans, the government safety net is not enough to live on. … Continue reading → The post Where Retirees Rely Most (and Least) on Social Security – 2022 Edition appeared first on SmartAsset Blog.
(Bloomberg) -- BHP Group, the world’s biggest mining company, reported quarterly iron ore shipments fell 8% from the previous three months as production was affected by coronavirus-related manpower issues and planned maintenance. Most Read from BloombergKremlin Insiders Alarmed Over Growing Toll of Putin’s War in UkraineNetflix Rout Is Worst Since 2004, Punishing Roku and Disney, TooAckman Loses More Than $430 Million on 3-Month Netflix BetRussia Test-Fires Nuclear-Capable ICBM in Warning to U.S
United Airlines expects to be ‘solidly profitable’ in Q2 and 2022, Apple store workers seek company’s first vote to unionize, Bill Ackman dumps Netflix stock months after buying, and other news to start your day.
(Bloomberg) -- California Public Employees’ Retirement System, the largest U.S. public pension fund, said it plans to vote for a shareholder proposal that Berkshire Hathaway Inc. select an independent chairman, marking a rare rebuke of billionaire Warren Buffett, who’s both head of the board and the conglomerate’s chief executive officer. Most Read from BloombergKremlin Insiders Alarmed Over Growing Toll of Putin’s War in UkraineNetflix Rout Is Worst Since 2004, Punishing Roku and Disney, TooUkr
The technology sector is composed of businesses that sell goods and services in electronics, software, computers, artificial intelligence (AI), and other industries related to information technology (IT). The sector includes companies with the largest market capitalizations in the world, such as Apple Inc., Microsoft Corp., and Amazon.com Inc. Tech stocks, represented by the Technology Select Sector SPDR Fund (XLK), have slightly underperformed the broader market over the past year.
Petrobras, the operator of the Roncador field, has successfully started production from the first two wells of the increased oil recovery project.
Refiners are planning to spend the summer increasing jet fuel and diesel production instead of gasoline, traders and analysts said, favoring what have historically been the least profitable parts of the barrel instead of the most profitable. That is unusual and exemplifies the topsy-turvy nature of the global oil markets. Refining crude oil into diesel or jet fuel is currently more profitable than making gasoline due to an inventory squeeze in Europe following sanctions on Russia.
Just Eat Takeaway completed the acquisition of Grubhub for $7.8 billion in June 2021. But now, orders in the US has dropped.
The tobacco giant took a charge of 3 cents per share related to the war in Ukraine in the first quarter, after discontinuing sales of a number of Marlboro and Parliament cigarette products in Russia. The company, which is working on options to exit Russia, has also canceled product launches for the year and suspended its planned investments there following Moscow's invasion of Ukraine. Philip Morris' first-quarter earnings fell 3.6% to $2.32 billion, or $1.50 per share, including the 3-cent charge.
KeyBanc sets a Wall Street-low price target for shares of Alphabet. The analyst still thinks it's a good bet heading into earnings season.