Market Overview:
The global commercial corkscrew market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for wine and other alcoholic beverages across the globe. Additionally, factors such as rising disposable income and changing lifestyle preferences are also contributing to the growth of this market. The global commercial corkscrew market is segmented on the basis of type, application, and region. On the basis of type, it is divided into electric and manual corkscrews. Electric corkscrews are further classified into rechargeable and non-rechargeable types while manual ones include waiter’s friend or sommelier knife/corkscrew hybrids as well as traditional hand-held models with a worm screw or auger that grips onto the cork before being turned manually to pull it out of bottle. On the basis of application, it is segmented into hotels, bars & restaurants, catering services & banquets halls,, liquor stores,,and others (including households). Geographically speaking,. North America dominates thiismarket followed by Europe due To high demand for wine products in these regions.
Product Definition:
A commercial corkscrew is a tool used to remove wine or champagne corks from bottles. It typically consists of a cylindrical metal body with a helical blade that is inserted into the cork. A lever is then rotated, which causes the blade to pierce the cork and pull it out of the bottle. Commercial corkscrews are important for opening bottles of wine or champagne, as they are less likely to damage the cork than manual methods such as using a knife or screwdriver.
Electric:
Electric corkscrews are motor-driven devices used to remove the cork from a wine bottle. The device consists of a cylinder with an attached lever, which rotates when the handle is pressed. A small gear then slices through the corksicle, releasing it into the air where it can be collected and discarded.
Manual:
Manual corkscrew is a hand-operated device used for removing the cork from wine bottles. The process of extracting the cork with a manual corkscrew is slower and laborious as compared to electric or battery operated devices.
The market for manual corkscrew has been witnessing significant growth over the past few years owing to its unique features such as effortless operation, improved wine aeration, extraction speed.
Application Insights:
The hotel application segment led the global commercial corkscrew market in 2017 and is projected to expand at a CAGR of XX% over the forecast period. The growth can be attributed to an increase in demand for luxury hotels across the globe, especially in emerging economies including China, India and Brazil. In addition, an increase in spending on refurbishment and construction of new hotels has fueled demand for commercial corkscrews globally.
Hotel management companies are focusing on offering unique experiences to their guests by installing state-of-the-art kitchen equipment at their properties globally. This trend is expected to drive product demand from 2018 as it offers more flexibility while choosing winegrape varieties that suit specific requirements of winery owners/operators worldwide.
Regional Analysis:
Europe was the largest market for commercial corkscrews, accounting for more than 35.0% of global revenue in 2017. The region is expected to continue its dominance over the forecast period as well owing to high demand from countries such as Germany and U.K., which are among the top consumers of wine &Champagne across the globe. Moreover, increasing number of hotels and restaurants in Europe is projected to fuel product demand further over next eight years.
Asia Pacific is anticipated to be one of fastest-growing markets with a CAGR exceeding 5% during the forecast period on account of rising number bars and pubs in India and China along with other emerging economies such as South Korea, Indonesia, Philippines etc.
Growth Factors:
- Increasing demand for wine due to changing lifestyle and growing disposable income of consumers.
- Rising popularity of wine as a beverage among the millennials.
- Proliferation of wine bars and restaurants that are increasing the demand for corkscrews.
- Growing trend of gifting corkscrews as souvenirs and gifts during special occasions such as birthdays, anniversaries, etc.
Scope Of The Report
Report Attributes
Report Details
Report Title
Commercial Corkscrew Market Research Report
By Type
Electric, Manual
By Application
Hotel, Bar, Others
By Companies
Pulltaps, OXO, Campagnolo, Ikea, Marks & Spencer, Brabantia, Hahn, Vacu Vin, Boelter Brands, Cork Pops, Lucky Shot, Kateaspen, Rabbit, Kikkerland, HQY
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
180
Number of Tables & Figures
126
Customization Available
Yes, the report can be customized as per your need.
Global Commercial Corkscrew Market Report Segments:
The global Commercial Corkscrew market is segmented on the basis of:
Types
Electric, Manual
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Hotel, Bar, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Pulltaps
- OXO
- Campagnolo
- Ikea
- Marks & Spencer
- Brabantia
- Hahn
- Vacu Vin
- Boelter Brands
- Cork Pops
- Lucky Shot
- Kateaspen
- Rabbit
- Kikkerland
- HQY
Highlights of The Commercial Corkscrew Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Electric
- Manual
- By Application:
- Hotel
- Bar
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Commercial Corkscrew Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A commercial corkscrew is a tool used to open wine bottles. It has a rotating arm that twists the cork out of the bottle.
Some of the major companies in the commercial corkscrew market are Pulltaps, OXO, Campagnolo, Ikea, Marks & Spencer, Brabantia, Hahn, Vacu Vin, Boelter Brands, Cork Pops, Lucky Shot, Kateaspen, Rabbit, Kikkerland, HQY.
The commercial corkscrew market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Commercial Corkscrew Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Commercial Corkscrew Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Commercial Corkscrew Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Commercial Corkscrew Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Commercial Corkscrew Market Size & Forecast, 2020-2028
4.5.1 Commercial Corkscrew Market Size and Y-o-Y Growth
4.5.2 Commercial Corkscrew Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Electric
5.2.2 Manual
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Hotel
6.2.2 Bar
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Commercial Corkscrew Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Commercial Corkscrew Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Electric
9.6.2 Manual
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Hotel
9.10.2 Bar
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Electric
10.6.2 Manual
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Hotel
10.10.2 Bar
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Electric
11.6.2 Manual
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Hotel
11.10.2 Bar
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Electric
12.6.2 Manual
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Hotel
12.10.2 Bar
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Electric
13.6.2 Manual
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Hotel
13.10.2 Bar
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Commercial Corkscrew Market: Competitive Dashboard
14.2 Global Commercial Corkscrew Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Pulltaps
14.3.2 OXO
14.3.3 Campagnolo
14.3.4 Ikea
14.3.5 Marks & Spencer
14.3.6 Brabantia
14.3.7 Hahn
14.3.8 Vacu Vin
14.3.9 Boelter Brands
14.3.10 Cork Pops
14.3.11 Lucky Shot
14.3.12 Kateaspen
14.3.13 Rabbit
14.3.14 Kikkerland
14.3.15 HQY
