An Incisive, In-depth Analysis on the Wine Cooler Market
This study offers a comprehensive, 360 degree analysis on the Wine Cooler market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global Wine Cooler market across key regions, and offers in-depth commentary and accurate quantitative insights. The study also includes incisive competitive landscape analysis, and provides key recommendations to market players on winning imperatives and successful strategies.
Global Wine Cooler Market Poised for Promising Growth at 5.6% Through 2029
Owing to rising consumption of alcoholic and non-alcoholic wines amongst millennials, the wine cooler market is set to follow a promising growth trajectory over the course of following years. The market is projected to exhibit a steady 5.6% CAGR through the forecast period (2019-2029). The flourishing food and beverages industry continues to generate an upswing in demand for wine coolers.
Various attributes of wine coolers such as easy portability, enhanced product visibility, cost-effective cooling and energy efficiency are fueling market growth. On that premise, the global wine cooler market was valued at a staggering US$ 2 Bn in 2018 and its rising aesthetic value is surging the demand for wine coolers in hospitality industry.
North America Captures Leading Market Share, with Europe Closing in
North America and Europe collectively account for approximately 66% of market share in terms of revenue. Consumers in both regions have greater disposable incomes. This in turn contributes substantially to the sales of premium-priced and high-quality wine coolers. In addition, domestic market in the United States accounts for sizeable wine consumption.
Furthermore, in terms of production, Italy leads the market owing to numerous grape varieties, geographical characteristics and favorable climate. Similarly, Spain and France are amongst leading wine producers. Hence, wine cooler manufacturers are compelled to leverage the substantial consumption and production of wine in both the regions.
Demand for Wine Coolers to Soar Steadily in Developing Countries
Wine cooler market in developing countries will gain noteworthy momentum through the forecast period. Consumers in emerging economies such as India and China have greater spending capacity owing to rise in working population and higher net worth incomes. Moreover, the surging demand can be ascribed to consumers’ improved lifestyle. The heightened demand for wine coolers is underpinned by the thriving tourism industry in these countries.
Technology Continues to Transform Global Wine Cooler Market
Energy efficiency, aesthetic appeal, and greater functionality have been the primary areas of research in wine cooler market. All three aspects have been greatly enhanced owing to expeditious technological advancements. For instance, novel wine coolers are now equipped with humidity level and temperature control settings to maintain the optimal taste and characteristics of the wine.
Moreover, optimized electronics and innovative technological solutions have upgraded the performance of wine coolers. For instance, Vinotemp Company launched a new wine cooler which is accoutered with features such as front exhaust, dual temperature zone cooling and 300-bottle capacity. Moreover, the upcoming decade will witness the rise of IOT-powered wine coolers.
Leading Players Forge Strategic Partnerships for Continued Growth
Some of the prominent players profiled in the global wine cooler market study include, Allavino Company, Climadiff, AGA Marvel, LG Electronics Inc., General Electric Company, Robert Bosch GmbH, Siemens AG, Viking Range, LLC, and Haier Group Corporation. The global wine cooler market is a competitive and swiftly growing industry.
Market leaders continue to acquire regional companies, forge partnerships and form joint ventures to fortify their global presence. Their key strategies include new product launches, R&D to garner stronger market foothold. For instance, Smeg UK Ltd. launched under-counter and integrated wine cooler versions with touchscreen technology which bolstered its market presence.
Wine Cooler Market Analysis 2019 - 2029
A recent market study published by Future Market Insights on the wine cooler market includes global industry analysis for 2014-2018 and opportunity assessment for 2019-2029, and delivers a comprehensive assessment of the most important market dynamics. After conducting a thorough research on historic as well as current growth parameters, growth prospects of the wine cooler market are obtained with maximum precision.
Wine Cooler Market: Segmentation
The global wine cooler market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to readers.
Chapter 01 – Executive Summary
The report begins with an executive summary of the wine cooler market, which includes key findings and statistical analysis of the market.
Chapter 02 – Wine Cooler Market Overview
Readers can find the definition and detailed taxonomy of the wine cooler market in this chapter, which will help them understand the basic information about the market.
Chapter 03 – Wine Cooler Market Demand Analysis 2014-2018 and Forecast, 2019-2029
This section explains the global market value analysis and forecast for the wine cooler market during the forecast period of 2019-2029. This chapter includes a detailed analysis of the historical wine cooler market, along with opportunity analysis of the future. Readers can also find the absolute $ opportunity for the current year (2019), and an incremental $ opportunity for the forecast period (2019-2029).
Chapter 04 - Wine Cooler Market - Pricing Analysis
This section covers pricing analysis of the wine cooler market at the regional level has also been provided in this section.
Chapter 05 – Wine Cooler Market Background
This section explains the global market value analysis and forecast for the wine cooler market during the forecast period of 2019-2029 and the key macroeconomic factors that are expected to influence growth of the wine cooler market during the forecast period. This section also highlights the opportunity analysis for the wine cooler market. This chapter also provides key market dynamics, which include drivers and restraints. Moreover, readers will understand key trends followed by leading manufacturers in the wine cooler market.
Chapter 06 – Global Wine Cooler Market Analysis 2014-2018 and Opportunity Assessment 2019-2029 by Region
This chapter explains how the wine cooler market is anticipated to grow across various geographic regions such as North America, Latin America, Europe, Asia Pacific, Middle East and Africa (MEA).
Chapter 07 – Global Wine Cooler Market Analysis 2014-2018 and Opportunity Assessment 2019-2029 by Installation
Based on Installation, the wine cooler market has been segmented into built-in, countertop and freestanding. In this chapter, readers can find information about key trends and developments in the wine cooler market and market attractiveness analysis, based on installation type.
Chapter 08 – Global Wine Cooler Market Analysis 2014-2018 and Opportunity Assessment 2019-2029 by End-use Industry
This chapter provides details about the wine cooler market based on end-use industry, and has been classified into commercial and residential end-use industry. Through this chapter, readers can understand market attractiveness analysis based on end-use industry.
Chapter 09 – North America Wine Cooler Market Analysis 2014-2018 and Opportunity Assessment 2019-2029
This chapter includes detailed analysis of the growth of the North America wine cooler market, along with country-wise assessment that includes the U.S. and Canada. Readers can also find pricing analysis, regional trends, and market growth based on installation type, end-use industry, and countries in North America.
Chapter 10 – Latin America Wine Cooler Market Analysis 2014-2018 and Opportunity Assessment 2019-2029
This chapter provides the growth scenario of the wine cooler market in countries in Latin American such as Brazil, Mexico, and the rest of Latin America. Along with this, assessment of the market across target segments has also been provided.
Chapter 11 – Europe Wine Cooler Market Analysis 2014-2018 and Opportunity Assessment 2019-2029
Important growth prospects of the wine cooler market in several countries such as Germany, the U.K., France, Spain, Italy, and the rest of Europe are included in this chapter.
Chapter 12 – MEA Wine Cooler Market Analysis 2014-2018 and Opportunity Assessment 2019-2029
This chapter provides information about how the wine cooler market is anticipated to grow in major countries in the MEA region such as GCC countries, South Africa, Turkey, Northern Africa, and the rest of MEA during the forecast period.
Chapter 13 – Asia-Pacific Wine Cooler Market Analysis 2014-2018 and Opportunity Assessment 2019-2029
Leading countries in Asia Pacific region are prime subjects of assessment to obtain growth prospects of the Asia Pacific wine cooler market in this chapter. Readers can find detailed information about growth parameters of the Asia Pacific wine cooler market during the forecast period.
Chapter 14 – Emerging Countries Wine Cooler Market Analysis 2014-2018 and Forecast 2019-2029
This chapter explains how the wine cooler market is anticipated to grow across various emerging countries such as India and China.
Chapter 15 – Market Structure Analysis
In this chapter, readers can find detailed information about tier analysis and market concentration of key players in the wine cooler market, along with their market presence analysis by region and product portfolio.
Chapter 16 - Competition Analysis
In this chapter, readers can find detailed information about each company, which includes company overview, revenue shares, strategic overview, and recent company developments. Some of the market players featured in this report are Allavino Company, Climadiff, AGA Marvel, LG Electronics Inc., General Electric Company, and Robert Bosch GmbH.
Chapter 17 – Assumptions and Acronyms
This chapter includes a list of acronyms and assumptions that provides a base to the information and statistics included in the wine cooler market report.
Chapter 18 – Research Methodology
This chapter helps readers understand the research methodology followed to obtain various conclusions as well as important qualitative and quantitative information about the wine cooler market. The report focuses on wine coolers consumed in the retail and consumer products industry.