Global Wine Cabinets Market: Trends, Price, Revenue, Share, Growth and Forecast Until 2026

The global market discussion on wine cabinets industry can be found in the latest study by Fact.MR, which has been freshly added to its massive collection of research database. The report is titled “Wine Cabinets Market Forecast, Trend Analysis & Competition Tracking – Global Review 2017 to 2026”, which works to enlighten the readers about the major factors prompting the growth of the concerned market. Apart from that, the research majorly focuses on wine cabinets market’s competitive outlook by profiling major players functioning across the globe. As the report moves ahead, information regarding the prominent trends as well as opportunities in the key geographical segments have also been elaborated, thus enabling companies to be able to make region-specific strategies for gaining competitive lead. Some of the prime regions emphasized in the study include key regions.

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According to a recently compiled report of Fact.MR, the global wine cabinets market is projected to reflect 5.5% CAGR through the forecast period (2017-2026), in terms of value. Over 7,000 units of wine cabinets are estimated to be sold across the globe by 2026-end.

With increasing consumer interest to entertain their guests, and wider variety of wine gaining traction among the alcohol-consuming population globally, it is no surprise that wine cabinets are witnessing a surge in demand over the past few years. Consumers across the globe are eyeing wine cabinets as a must-have, desirable fixture, considering both premium as well as standard kitchens. Combination cabinets have become a major success story in the market, with consumers willing to pay more for combination products that provide multi-storage and temperature facilities. More and more fine wine lovers are becoming eager in showing off their most-prized wine bottles by commissioning luxurious wine cabinets and wall displays.

Alleviated promotion of health benefits associated with moderate consumption of red wine, such as lower risk of cancer, stroke and heart disease has been rapidly driving its sales among health-conscious consumers globally. This has partly bolstered the social status of red wine and is considered to be more sophisticated than rose or white wines, which in turn has influenced demand for wine cabinets. Vendors in the global wine cabinets market are competing on the basis of pricing, and product differentiation. Owing to intense competition, these vendors have begun engaging in M&A activities for ensuring smooth raw material supply and increasing their market presence.

4 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.

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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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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