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With 5.4% CAGR, Global Bar and Wine Tools Market Size to Surpass US$ 2.4 Bn by the end of 2032

02-17-2023 01:17 PM CET | IT, New Media & Software

Press release from: Persistence Market Research

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With 5.4% CAGR, Global Bar and Wine Tools Market Size to Surpass

The bar and wine tools market is expected to reach US$ 4 billion by the end of 2032, up from US$ 2.4 billion in 2022, with a projected 5.4% CAGR. The market for beverage equipment was in decline as a result of numerous market restrictions. The key reason for the growth deceleration was the coronavirus outbreak in 2020. Due to limitations on the operation of the significant hospitality sector, bars and pubs all over the world were compelled to close. The market for wine and bar accessories fell significantly as a result.

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Beginning in 2021, rules will be relaxed, which will aid in the market's ongoing growth. Wherever you look, new pubs and clubs are opening up. In contrast, the proliferation of bars has finally led to a higher adoption of better techniques due to the development of producing wine and other alcoholic beverages. The rising hospitality industry has indirectly led to an increase in the demand for bar and wine tools.

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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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Reusable Water Bottles Market : http://xherald.com/market-news/reusable-water-bottles-market-to-reach-us-9-3-bn-by-2026-at-growth-rate-cagr-of-4-7/

Sleeve Labels Market : http://xherald.com/market-news/at-4-4-cagr-global-sleeve-labels-market-size-to-surpass-usd-1-5-bn-by-2032-industry-trends-share-growth-analysis-forecast/

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Persistence Market Research
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Call +1-646-568-7751
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About Us :

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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