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Wine Coolers Market Trends, Strong Application Scope, Key Players, Growth Overview and Forecast by 2026

Wine Coolers Market

Market Analysis: Global Wine Coolers Market

Global Wine Coolers Market is expected to rise to an estimated value of USD 3479.90 million by 2026, registering a CAGR in the forecast period of 2019-2026. This rise in market value can be attributed to the increasing consumption of alcoholic beverages especially wine from the large-scale millennial population globally.

They are used for storage, refrigeration and preservation purposes of wine inside bottles. These wine coolers provide the correct temperature and humidity as per the requirement of wines. They cannot be used for cooling down other beverages as wines are cooled to a certain extent.

The Global Wine Coolers Market drivers and restraints have been derived from a well-known method called SWOT analysis. This report has studies in detail all the company profiles for the top players and brands and along with that the report also contains a synopsis of market definition, classifications, and market trends

Wine coolers are electronic consumer goods/appliances that are used for cooling/lowering the temperature of wine. They are used for storage, refrigeration and preservation purposes of wine inside bottles .The Wine Coolers Market analysis report intersperse the global market perceptions which can be foundational drivers on the forecast period 2019 to 2026. Position and forecast is analyzed in this report, it particularly goals foremost organizations in the worldwide industry, with market share sales, production, and cost of each remarkable business, covering different companies of the industry.  The Wine Coolers Market report provides the market development statistics, an inventory of choose leading players.  A deliberate profiling of major competitors of the market as well as an innovative analysis of their current developments, core competencies and investments in each segment are also elaborated in the research report.

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Key Market Competitors:

Few of the major competitors currently working in the global wine coolers market are Climadiff S.A.; U-Line; VRBON; BSH Home Appliances Group; WHYNTER LLC; LG Electronics; Allavino; Avanti Products; Electrolux; Marvel Refrigeration; Coltech; VIKING RANGE, LLC; KAFF; Carrier Midea India; INVENTOR CONCEPT SRL; EuroCave SAS; Haier Inc.; Vinotemp; Perlick Corporation; NewAir and NewAir.com; Eurodib; Magic Chef; Whirlpool; Danby; Sunpentown Inc. and Shenzhen Sicao Electric Co., Ltd among others.

Market Definition: Global Wine Coolers Market

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Market Driver:

  • Growing awareness regarding the benefits of wine consumption is expected to boost the growth of the market
  • Increasing variety of wines available resulting in greater focus by the manufacturers on providing innovative and technologically advanced products; this factor is expected to drive the growth of the market
  • Increasing availability of uniquely optimised wine storage products is expected to boost the growth of the market

Market Restraint:

  • Short-term storage alternative in comparison to wine cellars is expected to restrict the growth of the market
  • Complications in the wine-storage due to the increased dryness in the enclosed cooler is also expected to restrict the growth of the market

Segmentation: Global Wine Coolers Market

By Bottle Capacity

  • Less than 10
  • 10-30
  • 31-50
  • 51-300
  • Above 300

By Installation Type

  • Freestanding
  • Countertop
  • Built-In

By Temperature Zones

  • Triple Zones
  • Double Zones
  • Single Zones
  • Others

By End-User

  • Residential
  • Commercial

By Geography

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • Sweden
    • Poland
    • Denmark
    • Italy
    • U.K.
    • France
    • Spain
    • Netherlands
    • Belgium
    • Switzerland
    • Turkey
    • Russia
    • Rest of Europe
  • Asia-Pacific
    • Japan
    • China
    • India
    • South Korea
    • New Zealand
    • Vietnam
    • Australia
    • Singapore
    • Malaysia
    • Thailand
    • Indonesia
    • Philippines
    • Rest of Asia-Pacific
  • South America
    • Brazil
    • Argentina
    • Rest of South America
  • Middle East and Africa
    • UAE
    • Saudi Arabia
    • Oman
    • Qatar
    • Kuwait
    • South Africa
    • Rest of Middle East and Africa

Key Developments in the Market:

  • In May 2019, Vinotemp announced the extension of their wine storage solution, with the commercial launch of “Vinotemp Wine Vault”, with the product offering capacity of 30 wine racks as well as customized cooling and humidity controlling. This launch is evidence of the company’s strategy to constantly innovate and provide highly customized wine storage solutions
  • In September 2018, LG Electronics announced that they had expanded their “LG SIGNATURE” range of consumer goods, with the launch of a fridge, dryer and wine fridge at the “2018 Internationale Funkausstellung (IFA)” held in Berlin, Germany from 31st August – 5th September, 2018. The products included in the range offer a wide range of innovative designing equipped with the latest technology

Competitive Analysis:

Global wine coolers market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of wine coolers market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.

Key Insights in the report:

  • Competitive analysis of key competitors involved in the market
  • Complete analysis of market segmentation and which segments are set to flourish in the forecast period of 2019 to 2026
  • Market drivers and restraints analysis along with the analysis of the market structure

Key points for analysis

  • To gain information about the top players in this industry, their product portfolios, and their key strategies.
  • Drivers and restrains of the market
  • To get a comprehensive overview of the Global Wine Coolers Market.
  • Key developments in the market
  • Market volume
  • Potential and niche segments/regions exhibiting promising growth

Table Of Contents Global Wine Coolers Market

  1. Introduction
  2. Market Segmentation
  3. Market Overview
  4. Executive Summary
  5. Premium Insights
  6. Global Wine Coolers Market, By Product Type
  7. Global Wine Coolers Market, By Application
  8. Global Wine Coolers Market, By End Users
  9. Global Wine Coolers Market, By Geography
  10. Global Wine Coolers Market, Company Landscape
  11. Company Profiles
  12. Related Reports

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