Wine Cabinet Market by Type (Freestanding, Integrated Under Counter, Built In (Slot In), Walk In Cellars), Sales Channel (Residential, Restaurants, Hotels, Pubs/Bars), Application, Region, Global Industry Analysis, Market Size, Share, Growth, Trends, and Forecast 2020 to 2027

  • Publish Date: Mar, 2020
  • Report ID: 417873
  • Category: Consumer Goods
  • Pages: 229
$4700

The global wine cabinet market is expected to grow from USD 3.96 Billion in 2019 to USD 6.25 Billion by 2027, at a CAGR of 5.14% during the forecast period 2020-2027.

Wine cabinets are containers particularly designed for storing wine bottles. Well-built wine cabinets help as both efficient storage solutions and fine furniture. These cabinets fulfil with ideal wine storage conditions such as ideal humidity, low vibration, and steady temperature, allowing the wine to age with perfection. Many types of wine cabinets presently available in the market include free-standing cabinets, walk-in cellars, built-in cabinets and integrated under-counter cabinets. Wine cabinets let people stock the bottles for long and short term use. It is not only used to keep the wine stored properly but are also a good mean if some people want to show their wine collection to their friends. Rising disposable income and changing lifestyle are the drivers for the market. The rising disposable income and changing lifestyle has increased consumer interest in keeping wine collection in homes, for which many of the people builds a separate rooms especially for keeping wines. Also the use of various decorative and design wine cabinets are increasing used in residential homes. Furthermore, wine cabinets are used as room separators while others have a designated space in house. This has increased the demand of the wine cabinets market. Technological advancements in wine storage cabinets is also one of the factor to drive wine cabinet market. The advancements in the wine cabinets with the temperature options to maintain the humidity levels to keep the wines at a better taste and their corks don’t dry and crack. These advance cabinets helps to preserve wine and features to integrate seamlessly into any living space. However high cost of the product would be the major restraint.

The market has been segmented on the basic of type, sales channel, application and region. Type segment includes freestanding, integrated under counter, built in (slot in) and walk in cellars. The freestanding segment held the largest market share of 40.56% and valued at USD 1.79 Billion in 2019 owing to their advanced offerings related to temperature and storage. Application segment includes residential, restaurants, hotels, pubs/bars, and others. Pubs/bars held the largest market share of 33.13% and valued at USD 1.31 Billion in 2019 due to the demand of the wine cabinets to store and preserve huge amount of wines. Sales Channel segment includes direct channel and distribution channel. Distribution Channel held the largest market share of 69.36% and valued at USD 2.75 Billion in 2019. The market has been divided into North America, Europe, Asia Pacific, South America, and Middle East and Africa. North America held the largest market share of 37.47% and valued at USD 1.49 Billion in 2019. The consumers shifting toward high-quality, premium wines, underpinned by growing intelligence on products that is fuelled by in-store tastings, international media, and wine clubs. With growing wine consumption demand for wine cabinets will also witness a rise in this region. However, the market in Asia-Pacific is expected to grow with highest CAGR of 4.28% during the forecast years due to the demand of the wines in this region is increasing continuously.

 Key players operating in the global Wine Cabinet market include The Middleby Corporation, Haier Group Corporation, Danby Products Limited, Avanti Products, Inc., EdgeStar, Sub-Zero Group, Inc, AB Electrolux, EuroCave S.A.S Vinotemp International Corp., Kessick Wine Storage Systems., Vintec Refrigerated Wine Cabinets, Wine Racks America, Inc, BSH Hausgeräte GmbH, Perlick Corporation, Liebherr-International AG, BOJ Global, Thermador, Miele, Le Chai, AVINTAGE, Climadiff S.A, La Sommelière Int. SAS, Candy and Vinocave among others. To enhance their market position in the global Wine Cabinet market, the key players are now focusing on adopting the strategies such as recent developments, joint venture, product innovations, mergers & acquisitions, collaborations, and partnership.

This study forecasts revenue growth at global, regional, and country levels from 2013 to 2027. Fior Markets has segmented the on the basis of below-mentioned segments:

  • Global Wine Cabinet Market Analysis And Forecast, By Type
    • Freestanding
    • Integrated Under Counter
    • Built In (Slot In)
    • Walk In Cellars
  • Global Wine Cabinet Market Analysis And Forecast, By Sales Channel
    • Direct Channel
    • Distribution Channel
  • Global Wine Cabinet Market Analysis And Forecast, By Application
    • Residential
    • Restaurants
    • Hotels
    • Pubs/bars
    • Others
  • Global Wine Cabinet Market Analysis And Forecast, By Regional Analysis
    • North America
    • Europe
    • Asia-Pacific
    • South America
    • Middle East And Africa

Chapter 1 Introduction
    1.1 Research Methodology
    1.2 FMR Desk Research
          1.2.1 FMR Data Synthesis
          1.2.2 Data Validation and Market Feedback
          1.2.3 FMR Data Sources
 

Chapter 2 Global Wine Cabinet Market Overview
    2.1 Wine Cabinet Definition
    2.2 Global Wine Cabinet Revenue Status and Outlook (2013-2027)
    2.3 Global Wine Cabinet Revenue Comparison by Region (2013-2027)
    2.4 Global Wine Cabinet Sales Comparison by Type (2013-2027)
    2.5 Global Wine Cabinet Sales Comparison by Application (2013-2027)
    2.6 Global Wine Cabinet Market Size Comparison by Sales Channel (2013-2027)
    2.7 Wine Cabinet Market Dynamics
          2.7.1 Market Drivers/Opportunities
          2.7.2 Market Challenges/Risks
          2.7.3 Market News (Mergers/Acquisitions/ Expansion)
 

Chapter 3 Wine Cabinet Market Segment Analysis by Player
    3.1 Global Wine Cabinet Sales and Market Share by Player (2016-2018)
    3.2 Global Wine Cabinet Revenue and Market Share by Player (2016-2018)
    3.3 Global Wine Cabinet Average Price by Player (2016-2018)
    3.4 Players Competition Situation & Trends
    3.5 Conclusion of Segment by Player
 

Chapter 4 Wine Cabinet Market Segment Analysis by Type
    4.1 Global Wine Cabinet Market by Type
          4.1.1 Freestanding
          4.1.2 Integrated Under Counter
          4.1.3 Built-In (Slot In)
          4.1.4 Walk-in Cellars
    4.2 Global Wine Cabinet Sales and Market Share by Type (2013-2019)
    4.3 Global Wine Cabinet Revenue and Market Share by Type (2013-2019)
    4.4 Global Wine Cabinet Average Price by Type (2013-2019)
    4.5 Conclusion of Segment by Type
 

Chapter 5 Wine Cabinet Market Segment Analysis by Application
    5.1 Global Wine Cabinet Market by Application
          5.1.1 Residential
          5.1.2 Restaurants
          5.1.3 Hotels
          5.1.4 Pubs/Bars
          5.1.5 Others
    5.2 Global Wine Cabinet Sales and Market Share by Application (2013-2019)
    5.3 Conclusion of Segment by Application
 

Chapter 6 Wine Cabinet Market Segment Analysis by Sales Channel
    6.1 Global Wine Cabinet Market by Sales Channel
          6.1.1 Direct Channel
          6.1.2 Distribution Channel
    6.2 Global Wine Cabinet Sales and Market Share by Sales Channel (2013-2019)
    6.3 Conclusion of Segment by Sales Channel
 

Chapter 7 Wine Cabinet Market Segment Analysis by Region
    7.1 Global Wine Cabinet Revenue and CAGR Overview by Region (2013-2027)
    7.2 Global Wine Cabinet Sales and Market Share by Region (2013-2019)
    7.3 Global Wine Cabinet Revenue and Market Share by Region (2013-2019)
    7.4 North America
          7.4.1 North America Market by Country
          7.4.2 North America Wine Cabinet Market Share by Type
          7.4.3 North America Wine Cabinet Market Share by Application
          7.4.4 United States
          7.4.5 Canada
          7.4.6 Mexico
    7.5 Europe
          7.5.1 Europe Market by Country
          7.5.2 Europe Wine Cabinet Market Share by Type
          7.5.3 Europe Wine Cabinet Market Share by Application
          7.5.4 Germany
          7.5.5 France
          7.5.6 UK
          7.5.7 Russia
          7.5.8 Italy
    7.6 Asia-Pacific
          7.6.1 Asia-Pacific Market by Country
          7.6.2 Asia-Pacific Wine Cabinet Market Share by Type
          7.6.3 Asia-Pacific Wine Cabinet Market Share by Application
          7.6.4 China
          7.6.5 Japan
          7.6.6 Korea
          7.6.7 India
          7.6.8 Southeast Asia
    7.7 South America
          7.7.1 South America Market by Country
          7.7.2 South America Wine Cabinet Market Share by Type
          7.7.3 South America Wine Cabinet Market Share by Application
          7.7.4 Brazil
          7.7.5 Argentina
          7.7.6 Colombia
    7.8 Middle East & Africa
          7.8.1 Middle East & Africa Market by Country
          7.8.2 Middle East & Africa Wine Cabinet Market Share by Type
          7.8.3 Middle East & Africa Wine Cabinet Market Share by Application
          7.8.4 Saudi Arabia
          7.8.5 Iran
          7.8.6 Egypt
          7.8.7 Nigeria
          7.8.8 South Africa
    7.9 Conclusion of Segment by Region
 

Chapter 8 Profile of Leading Wine Cabinet Players
    8.1 The Middleby Corporation
          8.1.1 Company Snapshot
          8.1.2 Product/Business Offered
          8.1.3 Business Performance Sales, Revenue, Price, Gross Margin and Market Share of The Middleby Corporation (2016-2018)
          8.1.4 Strategy and SWOT Analysis
    8.2 Haier Group Corporation
          8.2.1 Company Snapshot
          8.2.2 Product/Business Offered
          8.2.3 Business Performance Sales, Revenue, Price, Gross Margin and Market Share of Haier Group Corporation (2016-2018)
          8.2.4 Strategy and SWOT Analysis
    8.3 Danby Products Limited
          8.3.1 Company Snapshot
          8.3.2 Product/Business Offered
          8.3.3 Business Performance Sales, Revenue, Price, Gross Margin and Market Share of Danby Products Limited (2016-2018)
          8.3.4 Strategy and SWOT Analysis
    8.4 Avanti Products, Inc.
          8.4.1 Company Snapshot
          8.4.2 Product/Business Offered
          8.4.3 Business Performance Sales, Revenue, Price, Gross Margin and Market Share of Avanti Products, Inc. (2016-2018)
          8.4.4 Strategy and SWOT Analysis
    8.5 EdgeStar
          8.5.1 Company Snapshot
          8.5.2 Product/Business Offered
          8.5.3 Strategy and SWOT Analysis
    8.6 Sub-Zero Group, Inc.
          8.6.1 Company Snapshot
          8.6.2 Product/Business Offered
          8.6.3 Business Performance Sales, Revenue, Price, Gross Margin and Market Share of Sub-Zero Group, Inc. (2016-2018)
          8.6.4 Strategy and SWOT Analysis
    8.7 AB Electrolux
          8.7.1 Company Snapshot
          8.7.2 Product/Business Offered
          8.7.3 Business Performance Sales, Revenue, Price, Gross Margin and Market Share of AB Electrolux (2016-2018)
          8.7.4 Strategy and SWOT Analysis
    8.8 EuroCave S.A.S
          8.8.1 Company Snapshot
          8.8.2 Product/Business Offered
          8.8.3 Strategy and SWOT Analysis
    8.9 Vinotemp International Corp
          8.9.1 Company Snapshot
          8.9.2 Product/Business Offered
          8.9.3 Strategy and SWOT Analysis
    8.10 Kessick Wine Storage Systems
          8.10.1 Company Snapshot
          8.10.2 Product/Business Offered
          8.10.3 Strategy and SWOT Analysis
    8.11 Vintec Refrigerated Wine Cabinets
          8.11.1 Company Snapshot
          8.11.2 Product/Business Offered
          8.11.3 Strategy and SWOT Analysis
    8.12 Wine Racks America, Inc.
          8.12.1 Company Snapshot
          8.12.2 Product/Business Offered
          8.12.3 Strategy and SWOT Analysis
    8.13 BSH Hausgeräte GmbH
          8.13.1 Company Snapshot
          8.13.2 Product/Business Offered
          8.13.3 Strategy and SWOT Analysis
    8.14 Perlick Corporation
          8.14.1 Company Snapshot
          8.14.2 Product/Business Offered
          8.14.3 Strategy and SWOT Analysis
    8.15 Liebherr-International AG
          8.15.1 Company Snapshot
          8.15.2 Product/Business Offered
          8.15.3 Strategy and SWOT Analysis
    8.16 BOJ Global
          8.16.1 Company Snapshot
          8.16.2 Product/Business Offered
          8.16.3 Strategy and SWOT Analysis
    8.17 Thermador
          8.17.1 Company Snapshot
          8.17.2 Product/Business Offered
          8.17.3 Strategy and SWOT Analysis
    8.18 Miele
          8.18.1 Company Snapshot
          8.18.2 Product/Business Offered
          8.18.3 Strategy and SWOT Analysis
    8.19 Le Chai
          8.19.1 Company Snapshot
          8.19.2 Product/Business Offered
          8.19.3 Strategy and SWOT Analysis
    8.20 AVINTAGE
          8.20.1 Company Snapshot
          8.20.2 Product/Business Offered
          8.20.3 Strategy and SWOT Analysis
    8.21 Climadiff S.A.
          8.21.1 Company Snapshot
          8.21.2 Product/Business Offered
          8.21.3 Strategy and SWOT Analysis
    8.22 La Sommelière Int. SAS
          8.22.1 Company Snapshot
          8.22.2 Product/Business Offered
          8.22.3 Strategy and SWOT Analysis
    8.23 Candy
          8.23.1 Company Snapshot
          8.23.2 Product/Business Offered
          8.23.3 Strategy and SWOT Analysis
    8.24 Vinocave
          8.24.1 Company Snapshot
          8.24.2 Product/Business Offered
          8.24.3 Strategy and SWOT Analysis
 

Chapter 9 Upstream and Downstream Analysis of Wine Cabinet
    9.1 Industrial Chain of Wine Cabinet
    9.2 Upstream of Wine Cabinet
          9.2.1 Raw Materials
          9.2.2 Labor Cost
                   9.2.2.1 USA Labor Cost Analysis
    9.3 Downstream of Wine Cabinet
          9.3.1 Leading Distributors/Dealers of Wine Cabinet
          9.3.2 Leading Consumers of Wine Cabinet
 

Chapter 10 Development Trend of Wine Cabinet (2020-2027)
    10.1 Global Wine Cabinet Market Revenue and Sales Forecast (2020-2027)
    10.2 Global Wine Cabinet Revenue and CAGR Forecast by Region (2020-2027)
    10.3 Global Wine Cabinet Revenue and CAGR Forecast by Type (2020-2027)
    10.4 Global Wine Cabinet Revenue and CAGR Forecast by Application (2020-2027)
    10.5 Global Wine Cabinet Revenue and CAGR Forecast by Sales Channel (2020-2027)
 

Chapter 11 Conclusion


1

Research Methodology

Market research is a method of gathering, assessing and deducing data & information about a particular market. Market research is very crucial in these days. The techniques analyze about how a product/service can be offered to the market to its end-customers, observe the impact of that product/service based on the past customer experiences, and cater their needs and demands. Owing to the successful business ventures, accurate, relevant and thorough information is the base for all the organizations because market research report/study offers specific market related data & information about the industry growth prospects, perspective of the existing customers, and the overall market scenario prevailed in past, ongoing present and developing future. It allows the stakeholders and investors to determine the probability of a business before committing substantial resources to the venture. Market research helps in solving the marketing issues challenges that a business will most likely face.

Market research is valuable because of the following reasons:

  • Market research helps businesses strengthen a company’s position
  • Market research helps in minimizing the investment risks associated with the businesses in any industry vertical
  • Market research helps in identifying the potential threats and opportunities associated with the business industry
  • Market research aids in spotting the emerging trends and facilitates strategic planning in order to stay ahead in the competition

Our research report features both the aspects; qualitative and quantitative. Qualitative part provides insights about the market driving forces, potential opportunities, customer’s demands and requirement which in turn help the companies to come up with new strategies in order to survive in the long run competition. The quantitative segment offers the most credible information related to the industry. Based on the data gathering, we use to derive the market size and estimate their future growth prospects on the basis of global, region and country.

Our market research process involves with the four specific stages.

  • Data Collection
  • Data Synthesis
  • Market Deduction & Formulation
  • Data Screening & Validation

Data Collection: This stage of the market research process involves with the gathering and collecting of the market/industry related data from the sources. There are basically two types of research methods:

  • Primary Research: By conducting primary research, it involves with the two types of data gathering; exploratory and specific. Exploratory data is open-ended and helps us to define a particular problem involving surveys, and pilot study to the specific consumer group, knowing their needs and wants catering to the industry related product/service offering. Explanatory data gathering follows with the bit of unstructured way. Our analyst group leads the study by focusing on the key crowd, in this manner picking up bits of knowledge from them. In light of the points of view of the clients, this data is used to plan advertise techniques. In addition, showcase overviews causes us to comprehend the current scenario of the business. Specific data gathering on the hand, involves with the more structured and formal way. The primary research usually includes in telephonic conversations, E-mail collaborations and up close and personal meetings/interviews with the raw material suppliers, industrial wholesalers, and independent consultants/specialists. The interviews that we conduct offers important information on showcase size and industry development patterns. Our company likewise conducts interviews with the different business specialists so as to increase generally bits of knowledge of the business/showcase.
  • Secondary Research: The secondary research incorporates with the data gathering from the non-profit associations and organizations, for example, World bank, WHO, investor relations and their presentations, statistical databases, yearly(annual reports) reports, national government records, factual databases, websites, articles, white papers, press releases, blogs and others. From the annual report, we deduce an organization's income/revenue generation to comprehend the key product segment related to the market. We examine the organization sites and implement product mapping strategy which is significant for determining the segment revenue. In the product mapping technique, we choose and categorize the products offered by the companies catering to the industry specific market, derive the segment revenue for each of the organizations to get the market estimation. We also gather data & Information based on the supply and demand side of the value chain involved with the domain specific market. The supply side denotes the distributors, wholesalers, suppliers and the demand side denotes the end-consumers/customers of the value chain. The supply side of the market is analyzed by examining the product growth across industry in each of the region followed by its pricing analysis. The demand side is analyzed by the evaluating the penetration level and adoption rates of the product by referring to the historical/past data, examine the present usage and forecasting the future trends. 
  • Purchased Database: Our purchased data provides insights about the key market players/companies along with their financial analysis. Additionally, our data base also includes market related information. 
    • We also have the agreements with various reputed data providers, consultants and third party vendors who provide information which are not limited to:
      • Export & Import Data
      • Business Information related to trade and its statistics
      • Penetration level of a particular product/service based on geography mainly focusing on the unmet prerequisites of the customers.
  • In-house Library: Apart from these third-party sources, we have our in-house library of quantitative and qualitative data & information. Our in-house database includes market data for various industry and domains. These data are updated on regular basis as per the changing market scenario. Our library includes, internal audit reports, historic databases, archives and journal publications. Sometimes there are instances where there is no metadata or raw data available for any domain specific market. For those particular cases, we utilize our expertise to forecast and estimate the market size in order to generate comprehensive data sets. Our analyst team adopts a robust research technique in order to deduce the market size and its estimates:
  • Examining demographic along with psychographic segmentation for market evaluation
  • Analyzing the macro and micro-economic indicators for each demography
  • Evaluating the current industry trends popular in the market.

Data Synthesis: This stage includes the evaluation and assessment of all the data acquired from the primary and secondary research. It likewise includes in evaluating the information for any disparity watched while information gathering identified with the market. The data & information is gathered with consideration to the heterogeneity of sources. Scientific and statistical methods are implemented for synthesizing dissimilar information sets and provide the relevant data which is fundamental for formulating strategies. Our organization has broad involvement with information amalgamation where the information goes through different stages:

  • Information Screening: Information screening is the way toward examining information/data gathered from the sources for errors/mistakes and amending it before data integration process. The screening includes in looking at raw information, identifying and distinguishing mistakes and managing missing information. The reason for the information screening is to ensure information is effectively entered or not. Our organization utilizes objective and precise information screening grades through repetitive quality checks.
  • Data Integration: The data integration method involves with the incorporation of numerous information streams. The data streams is important so as to deliver investigate examines that give overall market scenario to the investors. These information streams originate from different research contemplates and our in house database. After the screening of the information, our analysts conduct efficient integration of the data streams, optimizing connections between integrated surveys and syndicated data sources. There are two research approaches that we follow so as to coordinate our information; top down methodology and bottom up methodology. 
    • Top-down analysis generally refers to using broad factors as a basis for decision making. The top-down approach helps in identifying the overall market scenario along with the external and internal factors effecting the market growth.
    • The bottom-up approach takes a completely different approach. Generally, the bottom-up approach focuses its analysis on micro attributes and specific characteristics of the domain specific market.

Market Formulation & Deduction: The last stage includes assigning the data & information in a suitable way in order to derive market size. Analyst reviews and domain based opinions based on holistic approach of market estimation combined with industry investigation additionally features a crucial role in this stage.

This stage includes with the finalization of the market size and numbers that we have gathered from primary and secondary research. With the data & information addition, we ensure that there is no gap in the market information. Market trend analysis is finished by our analysts by utilizing data extrapolation procedures, which give the most ideal figures to the market.

Data Validation: Validation is the most crucial step in the process. Validation & re-validation through scientifically designed technique and process that helps us finalize data-points to be used for final calculations. This stage also involves with the data triangulation process. Data triangulation generally implicates the cross validation and matching the data which has been collected from primary and secondary research methods.

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