Air cooler market is known as seasonal in many parts of the country. The sale increases during summer and decreases in winter. This is a major factor that many people don’t tend to enter this market segment.
So, today we have come up with the market analysis of Air cooler, the competitors and the strategies you must follow to be a leader in this market segment.
Market size and History of Air Cooler industry
Air cooler is one of the most popular and effective way to cool oneself down in summer. It is mostly used and purchased by the middle and lower class people who cannot afford air conditioner.
A lot of features which is used in a air cooler during its manufacturing makes this less expensive. The manufacturing application is very easy and it does not require a highly skilled labour.
But the declining price of air coolers has become a major concern for most of the people who are into this business. According to the QYR, it only cost USD 78 per unit in 2018.
Whereas, if we look at the market size of the Air Cooler industry, it has reached to a average size of USD 1126 million in 2019 at a growth rate of 9.09 percent revenue growth.
According to the Global Info Research, it is expected that the global market of the air cooler industry will rise at a CGAR of XX% roughly over the next five years and can reach at a market size of USDxx million by 2024.
This report mostly focused the growing market of air coolers in North America, Europe and Asia-Pacific, South America, Middle East and Africa.
Let’s see the report on market analysis by market acquisions by companies, regions, types and applications
Report on companies market acquisition
- Bajaj Electricals
- Orient Electric
- Usha International
- Ram Coolers
- Crompton Greaves
- Khaitan Electricals
- Maharaja Whiteline
Regions market segment study report analysis
- North America (United States, Canada and Mexico)
- Europe (Germany, France, UK, Russia and Italy)
- Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
- South America (Brazil, Argentina, Colombia etc.)
- Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Types by market Segment
- Tower Type
- Desert Type
- Personal Type
- Window Type
- Room Type
According to the use of Applications, air cooler market is divide into following types
- Other Places
Check out the report detailed analysis on the grounds it was done
- Product scope analysis was the first criteria on which it was done followed by scope of the product, opportunities of the market and the driving force.
- Secondly, it was done on the companies making the Air Cooler and their prices, sales and revenue.
- Furthermore, market shares of the companies globally were also taken into account.
The report also comprised a lot more grounds like country wise sales data, revenue and market share for key countries in the world, from 2014 to 2019.