Wine Storage Cabinet Market Scope
A wine storage cabinet is a set of shelves for the organized storage of wine. As the wine needs to be kept in premium condition by being stored in the right environment. Thus, the wine storage cabinet stores the wine bottles in the right environment and offers desired humidity, temperature, and surrounding for the wine. It can be built out of a number of different materials. The size of the cabinet and the number of bottles it can hold can vary widely. Based on the type, the market has been segmented into a beverage center, wine cooler, fridge, chiller, wine cabinet, and wine cellar. Based on the application, the market has been segmented into residential, restaurants, hotels, pubs/bars, and others.
Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Wine Storage Cabinet market throughout the predicted period.
Middleby Corporation (United States), HAIER (China), Danby (Canada), Avanti (United States), EDGESTAR (United States), SUB-ZERO, Inc. (United States), Electrolux (Sweden), EuroCave SAS (France), Perlick Corporation (United States) and Liebherr Group (Germany) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are Enofrigo (Italy), Climadiff S.A. (France), Vinotemp International Corporation (United States) and International Wine Accessories Inc. (United States).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
Segmentation Overview
The study have segmented the market of Global Wine Storage Cabinet market by Type (Beverage Center, Wine Cooler, Fridge, Chiller, Wine Cabinet and Wine Cellar), by Application (Residential, Restaurants, Hotels, Pubs/Bars and Others) and Region with country level break-up.
On the basis of geography, the market of Wine Storage Cabinet has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Leaders and their expansionary development strategies
On 19 March 2019, Vinotemp, a global leader in architectural wine storage solutions as well as cooling technology, has announced the addition of dual-zone, glass door wine and beverage coolers to its outdoor entertaining appliance offering.
On 28 June 2016, Electrolux, a leading wine cabinet manufacturer announced the acquisition of Vintec, an Australia and Singapore-based company which supplies a wide range of climate-controlled wine cabinets throughout the APAC region.
Market Trend
- The Surging Compressed Wine Cabinets Technology
- Using Wine Storage as a Showcase Piece in Restaurants
- The Growing Usage of Stainless Steel Racking and Accessories
Market Drivers
- The Rising Disposable Income and Changing Lifestyle
- The Growing Wine Industry Worldwide
- Rapid Urbanization
Opportunities
- The Rising Demand from Emerging Countries
- Technological Advancements in Wine Storage Cabinets
Restraints
- A High Cost of the Product
Key Target Audience
Wine Storage Cabinet Manufacturers, Wine Storage Cabinet Raw Material Suppliers, Wine Storage Cabinet Traders/Manufacturers, Wine Storage Cabinet Importers/Exporters, Regulatory & Government Bodies and Downstream Vendors