Outdoor drinking fountains are bottle filler or drinking fountains that are especially designed to provide drinking water facilities, outdoor drinking fountains are consists of taps, basins and filters. Consumers have option to directly consumer it from streamers or will it in a glass or water bottle. Outdoor drinking fountains are available in many different designs and technologies that offers filters a d chilled water, outdoor drinking fountains market has shown significant growth in last few years as it is widely installed at public places and also helps to maintain cleans environment by eliminating use of plastic water bottles. Wide adaption of outdoor drinking fountains at commercial places to offer drinking facilities and surge in innovation of outdoor drinking fountains is a major factor in growth of global outdoor drinking fountains market and expected to be more inclining in forecast period.
COVID-19 Impact Analysis-
- During COVID-19, globally many industries were suffering from great economic crises; spread of corona virus diseases has led to great damageson global outdoor drinking fountainsmarket.
- To control spread of corona virus diseases, nation-wide lockdown was imposed by government resulted in huge disruption in supply chain of raw material and looming of production cycle of outdoor drinking fountainsmarket. Restraints were imposed by government on several public places such as parks, railway station and bus stands that led to great decline in demand of outdoor drinking fountains.
- Restraints were imposed on hotels and tourism industries that resulted into great decline in demand of outdoor drinking fountains, as they are major users of outdoor drinking fountainsfor commercial purpose. Even after removal of restraints by government people are avoiding to travel to control spread of Wuhan virus.
- E-commerce has played vital role in uplifting supply chain of outdoor drinking fountainsmarket, as it helps to cover wider range and cater demands of customer, rise in adaption of e-commerce platform by sellers is helping to gain traction again.
Top Impacting Factors-
- Outdoor drinking fountains are widely used at commercial places such as hotels, bars, spa and casinos are using outdoor drinking fountains to offers free water and self-service to consumers. These outdoor drinking fountains helps to make catering of customers easy and also reduce requirement of manpower at hotels, bars and casinos. Outdoor drinking fountains are cost effective way of offering drinking water facilities, many restaurants and cafes such as mac Donald are using outdoor drinking fountains. Rise in use of outdoor drinking fountains for commercial purposes is a key factor in growth of global outdoor drinking fountains market.
- Population is rapidly rising especially in metropolitan cities and urban areas as peoples from backwards areas have started moving towards urban area in search of better health care and sanitation facilities. Rapid increase in population and urbanisation of people on large scale is resulting into scarcity of use water and that lead to rise in dependency of outdoor drinking fountains. Even in rural areas people are suffering from water scarcity and most of them are dependent on outdoor water dispenser, people have become more dependent on outdoor drinking fountains. Rapid rise in population also resulted to rise in construction and development of public place and recreational area with proper drinking facilities, rising population and scarcity of water is globally influencing demand of outdoor drinking fountains. Increase in dependency of people on outdoor water dispenser is key driver in growth of global outdoor drinking fountains market.
- Many hospital and educational institutes such as schools and colleges are using outdoor drinking fountains to offer drinking water facilities. Many schools have started an opting new and modern outdoor drinking fountain that offers filtered and chilled drinking waters for students and staff. Hospital are also a major user of outdoor drinking fountains as they offers drinking water facilities to patients and their relatives as water is basic necessity in everyone’s life. Rise in usage of outdoor fountains at hospital and educational institutions are a prime factor in growth of global outdoor drinking fountains market.
- Surge in innovation of outdoor drinking fountains
Key player are highly investing in innovation of products and engaged with research &development process, to offers improvised and innovative products to catering demand of consumers and to compete with competitors and rival products.Key players have introduced many new and modern outdoor drinking fountains that offer filters and chilled drinking water, they also have started manufacturing of outdoor drinking fountains with carbon filters that helps to cleans and detoxify the polluted water and offer hygienic and cleans drinking water. Key manufactures have also introduced outdoor drinking fountains in different designs and styles that have drinking facilities for adults, kids and pets and taps are located at different level to make this model user friendly. Surge in innovation of outdoor drinking fountains is a prominent factor that is propelling growth of global fountain market.
- Collaboration of key payers with government and municipalities
Government are highly investing on development of rural and urban areas, they are coming up with several giants projects for development of public places such as parks and other recreational areas. Many outdoor drinking fountains companies have started collaborating with government and municipal bodies to offer drinking water facilities at several public places. They are installing outdoor drinking fountains at railways stations and bus stand to offer drinking water facilities to consumers; they have also started offering drinking water fountains at several government offices. Rise in collaboration of key players with government bodies and a municipality is utmost factor that fuelling growth of global outdoor drinking fountains market.
- Rise in prominence of outdoor drinking fountains to maintain clean and healthy environment.
- Environmental pollution is rising at significant rate as many peoples are purchasing and using plastic water bottles and throw it randomly that is polluting environment badly, as plastic is non-degradable material and take around 400 to 500 years to decompose. Many organisations and regulatory bodies have taken these seriously and adapting various measures to reduce usage of plastic water bottles to maintain clean and green environment. They have started installing outdoor drinking fountains to eliminate the use of plastic water bottles and offers water facilities at free or minimal cost. Rise in prominence of outdoor drinking fountains to maintain cleans and healthy environment is main factor that is accelerating growth of global outdoor drinking fountains market.
Key Benefits of Report-
- This study presents the analytical depiction of the outdoor drinking fountainIndustry along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of theoutdoor drinking fountain marketshare.
- The current market is quantitatively analysed to highlight outdoor drinking fountain market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides detailed outdoor drinking fountain market analysis based on competitive intensity and how the competition will take shape in coming years.
Questions Answered in the Report –
- Which are the leading players active in the outdoor drinking fountain market?
- What are the current trends that will influence the market in the next few years?
- What are the driving factors, restraints, and opportunities of the market?
- What future projections would help in taking further strategic steps?
- What is the outdoor drinking fountain market prediction in the future?
- Which will be the niches at which players profiling with recent advancements should set a presence?
- What are the current trends and predicted trend
Outdoor Drinking Fountains Market Report Highlights
By Product Type
By Mounting type
By Price Point
By Distribution Channel
Key Market Players
Haws Corporation, Oasis International, Everfount Corporation, Metal Fab Scottco, Halsey Taylor, SFA Saniflo, Elkay Manufacturing Company, BenchmarkUSA, Aquarius Pacific, Hydrotech Inc.