Global Market Size, Forecast, and Trend Highlights Over 2025-2037
Wearable Tailgating Keg Market size is set to expand at significant growth rate during the forecast period i.e., between 2025-2037.
The scope of wearable tailgating keg is vast in the regions where the alcohol consumption is more when compared to less alcohol consuming countries. With the help of this product, any drink can be served easily. Moreover, this is predicted to majorly benefit the market in the regions where serving alcohol in public places is legal as alcohol can be sold at public places and hence the demand for this product further increases.
Wearable Tailgating Keg Sector: Growth Drivers and Challenges
Growth Driver
- Increasing demand of portable items
People today are shifting to the products that are easy to use and portable rather than the products that are difficult to carry and use. Wearable tailgating keg can be carried anywhere on account of its portability and contain a mesh bag in order to carry the cups. On the back of this, the market is predicted to grow over the forecast period. - Easy to advertise a drinking product
This product lets a person to carry any type of drink anywhere. Companies manufacturing drinks can advertise through this by sending their staff to different places so that people can get a taste of their product and several people can get to know about the product. As a result of this, the market for wearable tailgating keg is anticipated to grow in the upcoming years. - Increasing Demand of Alcohol
The lifestyles of the consumer are changing at a rapid rate. Presently, alcohol has become an important part of a number of parties held at clubs and other such events. With the help of this product, the person can earn money by charging a particular price per glass from the people in the parties. This is anticipated to significantly expand the global wearable tailgating keg market.
Challenges
- Cannot carry more than a particular quantity
Wearable tailgating keg has a particular quantity set and cannot carry beyond that. Thus, if a company wishes to advertise through this medium, they cannot cover a large population due to its less storage capacity. Hence, this factor is estimated to act as a barrier to the growth of the market. - Can cause back related issues
This is a heavy product and has to be carried on the back, hence, this may cause back related issues to the person who is carrying it for a long period of time. This is estimated to hinder the growth of wearable tailgating keg market in the future. - Higher price with respect to the product
Wearable tailgating keg is sort of a storage device for drinks. It does not involve any kind of technical complexities and therefore the price of the item is high as compared to the product offered. This factor is predicted to limit the growth of wearable tailgating keg market in the upcoming years.
Wearable Tailgating Keg Market: Key Insights
Wearable Tailgating Keg Segmentation
The wearable tailgating keg market is segmented by storage segment into one tanker, two tanker and three tanker, out of which, the two tanker segment is anticipated to hold the largest market share owing to the comfortability as well as storage provided when compared with other tankers.
Our in-depth analysis of the global market includes the following segments
By Material |
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By Storage |
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By Distribution Channel |
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By End User |
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Customize this ReportWearable Tailgating Keg Industry - Regional Synopsis
On the basis of regional analysis, the wearable tailgating keg market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region.
Europe industry is likely to hold largest revenue share by 2037, backed by growing consumption of alcohol in the region. Wearable tailgating keg was mainly developed to store alcohol in them and hence, this will benefit in the regions where the consumption of alcohol is high.
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Companies Dominating the Wearable Tailgating Keg Landscape
- Thirstburst
- Company Overview
- Business Strategy
- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
- Regional Presence
- SWOT Analysis
- RocketPacks
- Rocketman, inc.
In the News
Author Credits: Abhishek Verma
- Report ID: 2521
- Published Date: Dec 23, 2024
- Report Format: PDF, PPT