Global Wine Cabinets Market Anticipated for Progressive CAGR of 5.5% Growth during 2017-2022
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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.
Key market players identified in the report include Middleby Corporation, HAIER, Danby, Avanti, EDGESTAR, SUB-ZERO, Electrolux, Eurocave, PERLICK, Liebherr, Climadiff and Enofrigo.
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Table of Contents:
Global Economic Outlook
Global Wine Cabinet Market – Executive Summary
Global Wine Cabinet Market Overview
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
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
126.96.36.199. Revenue (US$ Mn) and Volume Comparison, By Region
188.8.131.52. Market Share Comparison, By Region
184.108.40.206. Y-o-Y growth Comparison, By Region
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