Free Standing Wine Cooler to Dominate the Wine Cooler Market During the Forecast Period
Rising
popularity of wine in countries especially among young consumers and consumer’s
improved lifestyle are the leading factors driving the global wine cooler
market during the projected period.
According to
TechSci Research report, “Wine Cooler Market – Global Industry Size, Share,
Trends, Competition, Opportunity, and Forecast, 2018-2028F” Global wine cooler market is
anticipated to grow at impressive rate through 2028 on account of increased wine
consumption and from the adoption of innovative technologies for the wine
cooler market. The primary driver of the wine cooler market's growth is millennials'
rising consumption of both alcoholic and non-alcoholic wines.
Owing to changing lifestyle of the people norms and growing
awareness of the benefits of wine consumption. Additionally, the
market for wine coolers is being driven by an increase in the availability of
specially designed wine storage solutions, an increase in the health advantages
of wine, such as lowering cholesterol and maintaining heart health, and an
increase in disposable money.
Additionally, with the rising
disposable income people are investing more in wine as an essential beverage at
gathering with friends, family, and restaurants with this the demand of the
wine coolers is increasing during the forecasted period. Sparkling wine is
quite popular among young people due to its fizziness, which is another factor
contributing to the growth of the wine cooler business. The global market for
wine coolers is also driven by several additional characteristics of wine
coolers, including improved product visibility, affordable cooling, convenient
portability, and energy efficiency.
Manufacturers are increasing
their investment in research and development, improving the features, and
developing advanced technology in the wine cooler to maintain the taste and improve
shelf life of the wine. For instance, Sillhoutte appliances launched a wine
cooler named danbt SR001, which produces less noise from different models and
maintains a constant temperature throughout the interior, has side walls for
easy removal of individual bottle without disturbing other bottles, with triple
panel low E glass protects the wine from UV light. Another wine manufacturing
company named VinoTemp has introduced a BioBlu technology which produces less
heat with the use of LED lighting and helps in reducing the growth of bacteria
and mold.
In many developed countries,
the retail sales of alcoholic beverages, particularly wines, are rising, which
is also a key market-driving element for wine coolers. But while beer
consumption has dropped by more than 5% over the past few years, demand for
other alcoholic beverages like wine, whiskey, and vodka has continuously
increased. North America is anticipated to hold a significant revenue share in
the global wine cooler market because of increased consumer wine consumption.
Due to changing customer preferences and growing usage of wine as a flavoring
factor in restaurants, the demand for wine in the region is increasing.
Browse over XX market data
Figures spread through XX Pages and an in-depth TOC on the "Global Wine Cooler Market"
The wine cooler market is
segmented based on the product type, door, application, distribution channel
and region. The product type is segmented into free-standing, built in. by door the market is segmented
into left-side door, right-side door, dual door, others, based on application,
the market is segmented into retail, wine shops, restaurant, PBCL (pubs, bars, clubs and
lounges), residential, others (entertainment industry, cafeterias, cafe, etc.), in terms of
distribution channel, the market is divided into distributor/dealer sales,
direct sales, hypermarkets/supermarkets, online, and others (specialty stores,
exclusive stores, etc. The market analysis also studies the regional
segmentation to devise regional market segmentation, divided among North
America, Europe, Asia-Pacific, South America, and Middle East & Africa.
Key market players in the Wine
Cooler market include:
- Dunavox Ltd
- Haier Group Corporation
- Shenzhen VRBON Electrical Appliance Co., Ltd.,
- Electrolux AB
- Eurocave SAS
- Avanti Products Inc
- La Sommeliere Int. SAS
- LG Electronics
- BSH Home Appliances Group
- Climadiff S.A.
In a short period of time,
Dunavox became the leader of the wine cooler industry. Wine storage, especially
at home, can be difficult. They offer a variety of coolers, from those that can
hold small, personal collections to equipment designed to maintain the proper
climate for big collections. Some models are free-standing while others can be
incorporated into your kitchen design.
Various companies provide wine
coolers, such as Haier Group Corporation, a leading Chinese company
in the home appliances, and are active globally. It creates, develops,
manufactures, and markets products including refrigerators, air conditioners,
washing machines, dryers, microwave ovens, mobile phones, computers, and
televisions.
Download Free Sample Report
Customers can also request
10% free customization on this report.
"Wine
coolers are used to maintain the constant temperature and chill wine
so they are always ready to serve and can easily be kept at a steady
temperature. Many wines get better with age and, with proper storage, can last
for many years. As the wine is consuming by millennials with the new wine
variants which is playing a significant role in boosting the wine cooler market.
Additionally with the growth of restaurants, pubs, bars, and tourism industry
etc. is the driving the growth of wine cooler in the forecasted period. . said Mr. Karan Chechi, Research Director
with TechSci Research, a research based global management consulting firm.
Wine Cooler Market, By Product Type (Free-standing,
Countertop, Built-in), By Application (Residential,
Commercial), By Region (North America, Europe, Asia-Pacific, Middle East
& Africa, South America), Competition, Forecast & Opportunities, 2017-2027F”, has
evaluated the future growth potential of wine coolers and provides statistics and information on market structure, size, share,
and future growth. The report is intended to provide cutting-edge market
intelligence and help decision-makers take sound investment decisions. Besides,
the report also identifies and analyzes the emerging trends along with
essential drivers, challenges and opportunities present in Wine Coolers
globally.
Contact
Mr. Ken Mathews
708 Third Avenue,
Manhattan, NY,
New York – 10017
Tel: +1-646-360-1656
Email: [email protected]
Website: https://www.techsciresearch.com