The global built-in wine coolers market is expected to witness notable growth during the forecast period. A built-in wine cooler is a prominent way of storing and exhibiting wines, especially in wine shops and households. The need for keeping wines at the ideal temperature for optimum aging is driving the global built-in wine coolers market. The built-in wine coolers facilitate maintaining the taste of wines for a longer period of time. The popularity of wine is rising in countries like the US, UK, Spain, Italy, etc. will further fuel the demand for built-in wine coolers. There are two types of technology-based built-in wine coolers – Compressor based and Thermoelectric based. The compressor-based built-in wine cooler is mainly for commercial use. The thermoelectric based built-in wine coolers are mainly used by the household sector due to affordability and energy efficiency. Again the dual-zone built-in wine coolers are widely used in the commercial sector due to its high storage capacity while the single zone built-in wine coolers are used in the home use sector. The commercial segment accounts for higher revenue as compared to the household segment and this trend is anticipated to continue in the forthcoming years.
Popularity Of Wines Due To The Health Benefits Is Projected To Boost Market Growth
The consumption of wine is becoming popular among the young population worldwide, as wine helps to build good immunity, helps in preventing bone loss, reduce forgetfulness, etc. This factor is expected to drive the demand for the built-in wine coolers. Further, rising awareness about the health benefits like lowering cholesterol and strengthening of heart will boost the wine consumption. Growing consumption of wine among young and health-conscious consumers will foster the demand for built-in wine coolers market in the forthcoming years. The consumption of wine is growing in restaurants, especially in countries like Mexico, The US, and Italy owing to its various health benefits like it boosts immunity, helps in weight-loss etc. It is also believed that wine helps in preventing blood-sugar trouble and also preserver human memory. These factors will act as a significant driver of built-in wine coolers market growth of the commercial sector. Several other factors like increasing disposable income, high preference of wine among the young generation, the increasing popularity of social drinking will be the key influencer for the growth of the built-in wine coolers market. The hobbyists who are serious wine collectors, for them the traditional wine racks ceased to be a good option. The hobbyists mainly collect various kinds of wines and store them to exhibit them. Demand for built-in wine coolers from these hobbyists will accelerate market during the forecast period.
Built-In Wine Coolers Market – Key Segmentation
The global built-in wine coolers market can be segmented on the basis of type, application, the technology used, and geographical regions.
Built-In Wine Coolers Market segmentation based on type:
- Dual Zone built-in wine coolers
- Single Zone built-in wine coolers
Built-In Wine Coolers Market segmentation based on application:
- Commercial Use
- Home Use
Built-In Wine Coolers Market segmentation based on the technology used:
- Thermoelectric Built-In Wine Coolers
- Compressor Built-In Wine Coolers
Built-In Wine Coolers Market – Regional Outlook
The leading market for wine coolers is Europe followed by North America. These two regions are expected to maintain its position as leaders in the built-in wine coolers market.
Asia is expected to be the fastest-growing market for built-in wine coolers owing to the increasing awareness about the health benefits of wine. In countries like India and China, the demand for wine is notably increasing. The Asian market is expected to offer a significant growth opportunity to the players of the built-in wine coolers market.
Built-In Wine Coolers Market – Key Players
The global built-in wine coolers market is fragment due to the presence of several market players. Haier holds a significant share of the global built-in wine coolers market and is a leading manufacturer in Asia, especially China. The various players of the built-in wine coolers market are:
- Electrolux Appliances
- Zero Zone
- Ugur Cooling
- MCA Corporation
- GE Appliances
The research report presents a comprehensive assessment of the Built-in wine coolers market and contains thoughtful insights, facts, and historical data, as well as statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to Built-in wine coolers market segments such as geography, product type, and application.
The Built-in wine coolers market report covers exhaustive analysis on:
- Built-in wine coolers Market Segments
- Built-in wine coolers Market Dynamics
- Built-in wine coolers Market Size
- Supply & Demand
- Current Trends/Issues/Challenges
- Competition & Companies involved
- Value Chain
The Built-in wine coolers market regional analysis includes:
- North America (U.S., Canada)
- Latin America (Mexico, Brazil, Argentina, Chile, Peru)
- Europe (Germany, Italy, France, U.K, Spain, BENELUX, Nordic, Russia)
- East Asia (China, Japan, and South Korea)
- South Asia (India, Thailand, Indonesia, Malaysia)
- The Middle East and Africa (GCC Countries, South Africa, Turkey, Iran, Israel)
The Built-in wine coolers market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides an in-depth analysis of parent market trends, macro-economic indicators, and governing factors along with Built-in wine coolers market attractiveness as per segments. The report also maps the qualitative impact of various market factors on Built-in wine coolers market segments and geographies.
Built-in wine coolers Market Report Highlights:
- Detailed overview of the parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and Products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
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