What is the Impact of the COVID-19 Crisis on the Water Bottle Racks Market?

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

Global Water Bottle Racks: Research Scope

Global Water Bottle Racks, by Product Type

• Metal
• Plastic
• Wood

Global Water Bottle Racks, by Distribution Channel

• Online
• Offline
  • Supermarkets & Hypermarkets
  • Convenience Stores
  • Others

Global Water Bottle Racks, by Region

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • France
  • U.K.
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • Rest of Asia Pacific
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa
• South America
  • Brazil
  • Rest of South America

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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
• Europe
• 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.