7 Key Future Prospects Of Wine Cabinets Market For The Forecast Period 2017 – 2026
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.
Request For Sample Report- https://www.factmr.com/connectus/sample?flag=S&rep_id=406
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.
7 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.
Browse Full Report with TOC- https://www.factmr.com/report/406/wine-cabinets-market
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.
5- On the basis of technology, compressed wine cabinets are expected to account for a significantly larger revenue share of the market than electric wine cabinets during the forecast period. However, sales of compressed and electric wine cabinets are expected to register a nearly equal CAGR through 2026, in terms of value and volume.
6- Residential applications of wine cabinets are expected to remain dominant in the market, and are estimated to account for over three-fourth market revenue share through the forecast period. In addition, restaurants and pubs/bars are anticipated to be the fastest expanding applications of wine cabinets during 2017 to 2026, in terms of volume and value.
7- Key market players identified in the report include Middleby Corporation, HAIER, Danby, Avanti, EDGESTAR, SUB-ZERO, Electrolux, Eurocave, PERLICK, Liebherr, Climadiff and Enofrigo.
Check Discount On This Report- https://www.factmr.com/connectus/sample?flag=D&rep_id=406
Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized Retail & Consumer Goods market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that's why we publish multi-industry global, regional, and country-specific research reports.
11140 Rockville Pike
Rockville, MD 20852
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release 7 Key Future Prospects Of Wine Cabinets Market For The Forecast Period 2017 – 2026 here
News-ID: 917907 • Views: 119
More Releases from Fact.MR
Vinyl Siding Market Poised to Garner Maximum Revenues During 2017 to 2026 | Key …
With a multi-disciplinary approach, Fact.MR elaborates an extensive analysis of the historical, current and future outlook of the global vinyl siding market as well as the factors responsible for such a growth. Our highly dedicated professionals have inputted critical and accurate insights associated with every industry, and region by doing thorough primary and secondary research. We leverage space-age industrial and digitalization tools to provide avant-garde actionable insights to our clients regarding
Toothcare Market Prognostications Highpoint Positive Revenue during Forecast Per …
In a recent business intelligence study, Fact.MR presents the nitty-gritty of the global toothcare market considering 2012-2016 as the historic year and 2017-2026 as the stipulated timeframe. The business report highlights the drivers, restraints, opportunities and trends affecting toothcare market growth. Further, all the market shares associated with the market as well as the segments are expressed in terms of value and volume. The toothcare market study outlines the key regions
Global Surfboard Market Outlook Highlights Major Opportunities Likely to Steer D …
In a recent business intelligence study, Fact.MR presents the nitty-gritty of the global surfboard market considering 2012-2016 as the historic year and 2017-2026 as the stipulated timeframe. The business report highlights the drivers, restraints, opportunities and trends affecting surfboard market growth. Further, all the market shares associated with the market as well as the segments are expressed in terms of value and volume. The surfboard market study outlines the key regions
Surfactant Cleansers and Adjuvants Market Global Outlook and Active Company Prog …
We leverage space-age industrial and digitalization tools to provide avant-garde actionable insights to our clients regarding the surfactant cleansers and adjuvants market growth. For enhancing readers' experience, the report starts with a basic overview about the surfactant cleansers and adjuvants and its classification. Further, we have considered 2013 as the base year, 2026 as the estimated year, 2017 - 2026 as the stipulated time frame. Surfactants are known to be surface
More Releases for CAGR
Wireless Charging Industry Climbing Towards CAGR 45.5%
According to a recent report published by Allied Market Research, titled, Global Wireless Charging Market by Technology and Industry Vertical: Global Opportunity Analysis and Industry Forecast, 2018-2025, The global wireless charging market was valued at $5,220.0 million in 2017, and is projected to reach $71,213.0 million by 2025, registering a CAGR of 38.7% from 2018 to 2025. At present, Asia-Pacific dominates the market, followed by North America. In 2017, the U.S.
Xanthates Market CAGR to Grow at 4.7%
Persistence Market Research in its latest report projects that the global xanthates market will grow at a CAGR of 6.1% over the forecast period (2017-2025). Owing to Xanthates’ excellent mineral ore processing capabilities, its global sales have witnessed a significant rise in recent years. Mining complexity and declining ore quality have led to a major increase in demand for specialty chemicals to process ores. Towards the end of 2025, around
Global Serious Games Market Show 19.2% CAGR
A new report added by Allied Market Research, forecast that the global serious games market was valued at $2,731 million in 2016, and is projected to reach $9,167 million by 2023, growing at a CAGR of 19.2% from 2017 to 2023. The consumers segment is anticipated to grow at the highest rate during the forecast period. Asia-Pacific generated the highest revenue in the global serious games market in 2016 due to
Biogas Market CAGR to Grow at 6.5%
Global demand for biogas has witnessed a spike in demand, owing to mounting concerns over depleting fossil reserves and environmental impact of conventional fuels. According to Future Market Insights, global biogas market revenues totalled nearly US$ 24.5 Bn in 2015. During the forecast period 2016-2026, global biogas revenues are estimated to reach US$ 48, 761.2 million, growing at a steady 6.5% CAGR. Between 2016 and 2026, the global biogas revenues
Bioinsecticides market expecting CAGR 5.4%
Reports And Markets Publish a New Market Research Report On –"Bioinsecticides market- Growth, Trends, Forecast for the period (2017 - 2022)" Access Full Report With Table Of Contents @ https://www.reportsandmarkets.com/reports/1071910-global-bioinsecticides-market-growth-trends-forecast-for-the-period-2017-2022 Pesticides constitute the largest category within the market for crop protection chemicals, with biopesticides accounting for a comparatively minute share. Global consumption of synthetic insecticides is projected to reach 833.32 thousand tons by volume and USD 19.6 billion by value by 2020
Biofertilizers Market witnessing a CAGR of 13.3%
Reports And Markets Publish a New Market Research Report On –"Biofertilizers Market - By Microorganism, Application and Geography - Trends and Forecasts (2016 -2021)" Access Full Report With Table Of Contents @ https://www.reportsandmarkets.com/reports/1071907-global-biofertilizers-market-by-microorganism-application-forecasts-2016-2021 Market Insights The global biofertilizers market, estimated at USD 590.9 million in 2015, is projected to reach USD 1.23 billion by 2021, witnessing a CAGR of 13.3% during the forecast period. The biofertilizers market is highly fragmented, with many small