Global Wine Cabinets Market Overview, Growth Drivers, Competition and Opportunities till 2026

Dublin 2, Ireland, 2018-Jun-22 — /EPR Network/ — According to a new research study by Fact.MR, the global market for wine cabinets will exhibit a CAGR of nearly 5%, in terms of volume, during the forecast period, 2017 to 2026. Revenues from sales of wine cabinets around the world are estimated to surpass US$ 5,500 Mn by 2026-end.

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5 Key Takeaways from Fact.MR’s Report on Wine Cabinets Market for Forecast Period 2017-2026

1. Based on price range, mid-range wine cabinets will continue to be preferred in the market. However, revenues from sales of economy wine cabinets will increase at the highest CAGR through 2026. In contrast, revenues from premium wine cabinets will record the lowest CAGR through 2026.

2. Free-standing wine cabinets are anticipated to remain sought-after among products in the global wine cabinets market. Volume sales of free-standing wine cabinets are expected to surpass 4,000 Mn units by 2026-end. This number is estimated to remain relatively higher than those from all the other product segments combined.

3. North America is expected to remain the most remunerative market for wine cabinets, both in terms of value as well as volume. However, demand for wine cabinets in North America is expected to witness a significant decline over the forecast period.

4. Revenues as well as volume sales of wine cabinets in Asia-Pacific excluding Japan (APEJ) are projected to register the fastest expansion through 2026. Europe will also remain a lucrative market for wine cabinets, with revenues poised to account for over one-fourth market share by 2026-end.

5. On the basis of technology, compressed wine cabinets are expected to account for a significantly larger revenue share of the market than electric wine cabinets during the forecast period. However, sales of compressed and electric wine cabinets are expected to register a nearly equal CAGR through 2026, in terms of value and volume.

North America to Remain Largest Market for Wine Cabinets

North American consumers are shifting toward high-quality, premium wines, underpinned by growing intelligence on products that is fuelled by in-store tastings, international media, and wine clubs. With growing wine consumption demand for wine cabinets will also witness a rise in the region. North America will continue to be the largest market for wine cabinets, in terms of value and volume, followed by Asia-Pacific excluding Japan (APEJ). However, the market in APEJ will register the fastest expansion through 2026.

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Free standing wine cabinets are gaining immense traction among consumers globally, and they are willing to pay premium for these cabinets owing to their advanced offerings related to temperature and storage. Free standing wine cabinets will therefore remain dominant among products in the market, with revenues forecast to account for approximately three-fifth share of the market by 2026-end. Alongside price, space has become a key consideration during the selection of wine cabinets, wherein integrated under counter and built-in wine cabinets are increasingly being preferred. These two products will also account for major revenue shares of the market during the forecast period.

Competition Tracking

Leading players in the market are increasing focusing on the provision of innovative and technologically advanced products at competitive prices, in order to retain their competitiveness in the market. These players are entering into mergers & acquisitions with smaller vendors for facilitating the raw material supply and expanding their market reach. Key players profiled by Fact.MR’s report, that are actively supporting the market expansion include Climadiff, Enofrigo, Liebherr, PERLICK, Eurocave, Electrolux, SUB-ZERO, Avanti, EDGESTAR, Danby, HAIER, and Middleby Corporation.

Table of Content:

1. Global Economic Outlook

2. Global Wine Cabinet Market – Executive Summary

3. Global Wine Cabinet Market Overview
3.1. Introduction
3.1.1. Global Wine Cabinet Market Taxonomy
3.1.2. Global Wine Cabinet Market Definition
3.2. Global Wine Cabinet Market Size (US$ Mn) and Forecast, 2012-2026
3.2.1. Global Wine Cabinet Market Y-o-Y Growth
3.3. Global Wine Cabinet Market Dynamics
3.4. Supply Chain
3.5. Cost Structure
3.6. Regulatory Framework
3.7. PESTLE Analysis
3.8. Porters Five Force Analysis
3.9. Key Participants Market Presence (Intensity Map) By Region

4. Global Wine Cabinet Market Analysis and Forecast 2012-2026 
4.1. Global Wine Cabinet Market Size and Forecast By Product Type, 2012-2026
4.1.1. Free Standing Market Size and Forecast, 2012-2026
4.1.1.1. Revenue (US$ Mn) and Volume Comparison, By Region
4.1.1.2. Market Share Comparison, By Region
4.1.1.3. Y-o-Y growth Comparison, By Region

Continued……

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About Fact.MR

Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized Retail & Consumer Goods market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that’s why we publish multi-industry global, regional, and country-specific research reports.

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