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.
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.
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.
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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
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
- Middleby Corporation.
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Wine Cabinets Market Scope Of The Report
Demand for wine cabinets will be primarily driven by robust consumer demand for high-quality wines, owing to their increasing awareness about products through international media, in-store tastings, and wine clubs.
Growing consumer sophistication is particularly beneficial for premium still red wine, which in turn creates demand for wine cabinets.
This report, compiled by Fact.MR, provides in-depth analysis of the global wine cabinets market for the forecast period 2017-2026, and offers key insights about future market direction.
The scope of Fact.MR’s report is to analyze the global wine cabinets market for the forecast period 2017-2026 and provide readers an unbiased and accurate analysis.
Wine cabinets manufacturers, stakeholders, and suppliers in the global consumer goods sector can benefit from the analysis offered in this report. This report offers a comprehensive analysis, which can be of interest to leading trade magazines and journals pertaining to wine cabinets.
The report commences with a brief information of the global wine cabinets market. This executive summary sets the tone for the rest of the report, providing users the scope of the report.
The executive summary includes important facts and statistics on the global wine cabinets market.
The next section offers an overview of the global wine cabinets market. This comprises an introduction to the market, along with a standard definition of the product – wine cabinets.
In this section, market value and year-over-year growth is offered to the readers. Year-over-year growth provides readers with a broader view of growth patterns over the forecast period.
The report’s succeeding section focuses on drivers, restraints and key trends from macroeconomic, demand, and supply perspectives. Impact analysis of weighted average model-based growth drivers is contained in the report for better provision of decision-making insights to clients.
In order to offer readers with up-to-date information about the latest advancements in the global wine cabinets market, the report provides updates about market opportunities, which can benefit leading manufacturers of wine cabinets.
With continuous evolution of the consumer goods sector, keeping a record of latest developments and trends is fundamental for wine cabinet manufacturers to formulate key business strategies.
Detailed insights about raw material sourcing, supply chain, pricing analysis, list of distributors, and cost structure are provided in this section.
Considering the wide scope of the global wine cabinets market and to offer in-depth insights, Fact.MR’s report provides segment-wise analysis and forecast. The wine cabinets market has been categorized on the basis of technology, application, price range, product type, and region.
This segmentation analysis is comprehensive, coupled with a detailed country-wise forecast provided on all parameters.
The report’s last section comprises of the global wine cabinets market competitive landscape, to provide readers with the dashboard view of company analysis and market players.
This competitive intelligence is based on the providers’ categories across value chain, and their presence in the global wine cabinets market.
Fact.MR is committed to offer unbiased and independent market research solutions to its clients. Each market report of Fact.MR is compiled after months of exhaustive research.
We bank on a mix of tried-and-tested and innovative research methodologies to offer the most comprehensive and accurate information. Our main sources of research include,
- Primary research
- Secondary research
- Trade research
- Focused interviews
- Social media analysis
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Is the market research conducted by Fact.MR?
Yes, the report has been compiled by expert analysts of Fact.MR, through a combination of primary and secondary research. To know more about how the research was conducted, you can speak to a research analyst.
What research methodology is followed by Fact.MR?
Fact.MR follows a methodology that encompasses the demand-side assessment of the market, and triangulates the same through a supply-side analysis. This methodology is based on the use of standard market structure, methods, and definitions.
What are the sources of secondary research?
Fact.MR conducts extensive secondary research through proprietary databases, paid databases, and information available in the public domain. We refer to industry associations, company press releases, annual reports, investor presentations, and research papers. More information about desk research is available upon request.
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