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Global Bar and Wine Tools Market to Reach US$ 4 Bn by 2032, At growth rate (CAGR) of 5.4%

01-18-2023 01:36 PM CET | IT, New Media & Software

Press release from: Persistence Market Research

/ PR Agency: Persistence Market Research
Global Bar and Wine Tools Market to Reach US$ 4 Bn by 2032, At growth

By the end of 2032, the Bar and wine tools market will be valued at US$ 4 Bn, up from US$ 2.4 Bn in 2022, with a projected 5.4% CAGR. Due to many market constraints, the beverage equipment sector experienced a decline. The coronavirus outbreak in 2020 was the primary cause of the growth slowdown. Bars and pubs all across the world were forced to close due to restrictions on the operation of the substantial hospitality sector. As a result, the market for wine and bar accessories also suffered greatly.

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The easing of regulations beginning in 2021 contributed to the market's continuous expansion. There are more bars and clubs popping up all over the place. In contrast, the development of creating wine and other alcoholic beverages as a result of the growth of bars has ultimately resulted in a higher adoption of better tools. Overall bar and wine tools market instruments has grown indirectly as a result of the expanding hospitality sector.

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Companies Covered in This Report - Bar and Wine Tools Market

John Lewis & Partners
Morris & Co.
Alessi
Vinturi
Metrokane (Taylor Precision)
Vintorio
Zazzol
Soireehome
Aervana
Tribellawin
Vita Saggia
Shenzhen Sinowin Wine Accessories
Zhuhai Kelitong Electronic
Trudeau Corporation
Coravin
Others (As Per Request)

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Key Segments Covered in Bar and Wine Tools Market Industry Research

Bar and Wine Tools Market by Product Type: Cocktails :  Flasks, Stirrers, Shakers, Jiggers, Others, Wine/Beer : Corkscrews, Bottle Openers, Bottle Stoppers, Drip Catchers, Preservers, Pourers, Others, Smoking : Cigar Humidors, Smoking Accessories

Bar and Wine Tools Market by End User: Residential Bar and Wine Tools, Commercial Bar and Wine Tools

Bar and Wine Tools Market by Price Range: Under US$ 10, US$ 10 - US$ 20, US$ 20 - US$ 30, Above US$ 30

Bar and Wine Tools Market by Application : Households, Bar and Wine Shops, Restaurants, Shops, Others

Bar and Wine Tools Market by Sales Channel: Supermarkets/Hypermarkets, Specialty Stores, Online Retailers, Convenience Stores, Others (Independent Small Stores, Direct Sales)

Bar and Wine Tools Market by Region: North America Bar and Wine Tools Market, Latin America Bar and Wine Tools Market, Europe Bar and Wine Tools Market, East Asia Bar and Wine Tools Market, South Asia Bar and Wine Tools Market, Oceania Bar and Wine Tools Market, MEA Bar and Wine Tools Market

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About Consumer Goods Division at Persistence Market Research

The Consumer Goods team at Persistence Market Research helps clients from all over the globe with their unique business intelligence needs by offering expert analysis, actionable insights, and strategic recommendations. With a repertoire of over 1,000 reports and 1 million+ data points, the team has analyzed the consumer goods industry lucidly in 50+ countries for over a decade. We provide end-to-end research and consulting services; reach out to explore how we can help.

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