Wine Cabinets Market, Application Analysis, Regional Outlook, 2014 – 2020

Posted on 2019-09-30 by Mark Hub in Retail // 0 Comments

Wine cabinets are containers specially designed for storing wine bottles. Well-built wine cabinets serve as both efficient storage solutions and fine furniture. These cabinets comply with ideal wine storage conditions such as low vibration, ideal humidity and steady temperature, enabling the wine to age with perfection. Various types of wine cabinets currently available in the market include free-standing cabinets, Built-in cabinets, walk-in cellars, and integrated under counter cabinets.

Get Sample Copy of This Report @ https://www.factmr.com/connectus/sample?flag=S&rep_id=406

Ornate wine rooms with cabinets and wall displays are becoming a must-have luxury for several wealthy wine collectors as well as enthusiasts. In a bid to cater these demands, many companies are offering bespoke designs & installation services and are reporting strong sales. With growing consumer interest in entertaining their guests at home, along with wider variety of wine witnessing a surge in momentum among the global population, wine cabinets are witnessing a rise in demand since the past few years.

In most of the countries worldwide, wine cabinets are emerging as an imperative, desirable fixture for both premium and standard kitchens. In addition, combination cabinets are gaining huge traction in the market, and consumers are willing to spend more for combination products, which provide multi-storage & temperature facilities. Increasing number of fine wine lovers have become eager in portraying their collection of the most-prized wine bottles through commissioning luxurious wine cabinets.

According to a new research study by Fact.MR, the global wine cabinets market 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.

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.

BROWSE Full Report NOW @ https://www.factmr.com/report/406/wine-cabinets-market

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.

Key Research Findings from Fact.MR’s Report

Based on price range, mid-range wine cabinets will remain sought-after among consumers across the globe

Wine cabinets will find the largest application in residential spaces, followed by hotels

By technology, compressed wine cabinets will remain the leading revenue contributor to the market

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.

Enquire about this Report @ https://www.factmr.com/connectus/sample?flag=AE&rep_id=406

About Us

Fact.MR’s methodology is robust and comprehensive. We employ a range of tools and assets to develop an all-encompassing coverage of a range of industries. We compile data points at local, country, regional, and global level – our approach to capturing the finest nuances, without losing sight of the bigger picture helps us in developing accurate and reliable forecasts and estimates.

Fact.MR has a standard set of guidelines and standards that help maintain a level of consistency across all of our research offerings. The standardization includes step-by-step documentation of the methodologies and guidelines on the sources that are to be used for incorporation of objective and accurate data.

The standardization also involves use of industry-wide analytical tools, and rigorous quality checks to validate market forecasts and sizes. Our unwavering focus on standardization ensures that clients receive the same quality of research and analysis that Fact.MR is known for.

Matched content

Editor’s pick