Market Overview:
The global commercial wine cooler 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 premium and luxury wines, rising disposable income of consumers, and growing awareness about wine storage and preservation. The compressor-based commercial wine cooler segment is expected to dominate the global commercial wine cooler market during the forecast period, owing to its high efficiency and low power consumption. However, the thermoelectric-based commercial wine cooler segment is projected to grow at a higher CAGR during the forecast period as it does not require any refrigerant gas or compressor oil for its operation, which makes it more environment-friendly as compared with other types of coolers available in this market. In terms of application, specialty stores are expected to account for a major share of the global commercial wine cooler market during the forecast period as they offer a wide variety of wines from different parts of the world under one roof. DIY stores are also projected to witness significant growth in this market due their growing popularity among consumers who prefer buying home appliances such as refrigerators on their own instead of relying on service providers.
Product Definition:
A commercial wine cooler is a refrigeration unit specifically designed to store and chill wine bottles. Importance of Commercial Wine Coolers: 1. Proper storage is key to preserving the flavor of wine 2. Commercial wine coolers offer a consistent temperature and humidity level, ensuring wines are stored in an optimal environment 3.
Compressor Based Commercial Wine Cooler:
Compressor-based commercial wine cooler is a cooling device used for storing and maintaining the temperature of wines. It maintains the ideal temperature range for wines by reducing fluctuations in temperature. The compressor-based commercial wine cooler has an electric motor that helps it to maintain constant pressure, which reduces fluctuation in temperatures.
Increasing demand from end users such as restaurants.
Thermoelectric Based Commercial Wine Cooler:
A thermoelectric cooler is a heat pump that generates electricity by using temperature differences. The commercial wine cooler market is expected to witness significant growth over the forecast period owing to rising demand for energy-efficient and eco-friendly products. Thermoelectric based commercial wine coolers are more efficient as compared to other conventional cooling systems as they do not use any water or ice, thereby reducing the overall cost of operation.
Application Insights:
Specialty store was the largest application segment in 2017 and is expected to continue its dominance over the forecast period. Specialty stores are majorly found in urban areas where people can easily access different online shopping platforms from their homes. Specialty stores provide various products under one roof which includes wine, beer, spirits and other related products such as snacks and confectionery items. These specialty stores have a dedicated staff for serving alcohol along with trained personnel for helping customers select appropriate beverages based on their personal preferences. Such factors are contributing towards high demand for commercial wine coolers from specialty store category as compared to other applications including DIY, online shopping or others where alcohol is served at restaurants or hotels without prior purchase by customers.
Regional Analysis:
North America dominated the global market in 2017. The U.S., being one of the largest wine consuming countries, has a well-established distribution channel for commercial products. Moreover, high disposable income and improved standard of living are some other factors driving regional growth. Asia Pacific is expected to witness significant growth over the forecast period owing to increasing number of online shoppers as well as growing trend towards home delivery services for food and beverages among millennials in China and India.
Latin America also presents lucrative opportunities due to rapid urbanization coupled with changing consumer preferences towards convenience commodities especially among working class people in Brazil.
Growth Factors:
- Increasing demand for wine due to changing lifestyle and growing disposable income of consumers.
- Proliferation of wine bars and restaurants that are increasing the demand for wine coolers.
- Growing popularity of outdoor entertaining, especially among millennials, is driving the demand for commercial wine coolers.
- Rising awareness about the benefits of owning a commercial wine cooler among small business owners and restaurateurs is fueling the growth of this market.
Scope Of The Report
Report Attributes
Report Details
Report Title
Commercial Wine Cooler Market Research Report
By Type
Compressor Based Commercial Wine Cooler, Thermoelectric Based Commercial Wine Cooler
By Application
Specialty Store, DIY, Online Shopping, Other
By Companies
Haier, Danby, Electrolux, Avanti, Vinotemp, Eurocave, U-LINE, Viking Range, La Sommeliere, Climadiff, Haier, Donlert Electrical, Perlick, BOSCH, LG, VRBON, Whynter, Zhongshan Yehos Eletrical Appliances Co., Ltd
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
134
Number of Tables & Figures
94
Customization Available
Yes, the report can be customized as per your need.
Global Commercial Wine Cooler Market Report Segments:
The global Commercial Wine Cooler market is segmented on the basis of:
Types
Compressor Based Commercial Wine Cooler, Thermoelectric Based Commercial Wine Cooler
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
Specialty Store, DIY, Online Shopping, Other
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:
- Haier
- Danby
- Electrolux
- Avanti
- Vinotemp
- Eurocave
- U-LINE
- Viking Range
- La Sommeliere
- Climadiff
- Haier
- Donlert Electrical
- Perlick
- BOSCH
- LG
- VRBON
- Whynter
- Zhongshan Yehos Eletrical Appliances Co., Ltd
Highlights of The Commercial Wine Cooler 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:
- Compressor Based Commercial Wine Cooler
- Thermoelectric Based Commercial Wine Cooler
- By Application:
- Specialty Store
- DIY
- Online Shopping
- Other
- 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 Wine Cooler 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.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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 wine cooler is a large, often ice-filled container used to store and keep wine chilled. They are typically found in restaurants and other places where alcohol is served.
Some of the major players in the commercial wine cooler market are Haier, Danby, Electrolux, Avanti, Vinotemp, Eurocave, U-LINE, Viking Range, La Sommeliere, Climadiff, Haier, Donlert Electrical, Perlick, BOSCH, LG, VRBON, Whynter, Zhongshan Yehos Eletrical Appliances Co., Ltd.
The commercial wine cooler market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Commercial Wine Cooler 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 Wine Cooler Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Commercial Wine Cooler 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 Wine Cooler 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 Wine Cooler Market Size & Forecast, 2020-2028
4.5.1 Commercial Wine Cooler Market Size and Y-o-Y Growth
4.5.2 Commercial Wine Cooler 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 Compressor Based Commercial Wine Cooler
5.2.2 Thermoelectric Based Commercial Wine Cooler
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 Specialty Store
6.2.2 DIY
6.2.3 Online Shopping
6.2.4 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Commercial Wine Cooler 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 Wine Cooler 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 Compressor Based Commercial Wine Cooler
9.6.2 Thermoelectric Based Commercial Wine Cooler
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 Specialty Store
9.10.2 DIY
9.10.3 Online Shopping
9.10.4 Other
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 Compressor Based Commercial Wine Cooler
10.6.2 Thermoelectric Based Commercial Wine Cooler
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 Specialty Store
10.10.2 DIY
10.10.3 Online Shopping
10.10.4 Other
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 Compressor Based Commercial Wine Cooler
11.6.2 Thermoelectric Based Commercial Wine Cooler
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 Specialty Store
11.10.2 DIY
11.10.3 Online Shopping
11.10.4 Other
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 Compressor Based Commercial Wine Cooler
12.6.2 Thermoelectric Based Commercial Wine Cooler
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 Specialty Store
12.10.2 DIY
12.10.3 Online Shopping
12.10.4 Other
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 Compressor Based Commercial Wine Cooler
13.6.2 Thermoelectric Based Commercial Wine Cooler
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 Specialty Store
13.10.2 DIY
13.10.3 Online Shopping
13.10.4 Other
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 Wine Cooler Market: Competitive Dashboard
14.2 Global Commercial Wine Cooler Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Haier
14.3.2 Danby
14.3.3 Electrolux
14.3.4 Avanti
14.3.5 Vinotemp
14.3.6 Eurocave
14.3.7 U-LINE
14.3.8 Viking Range
14.3.9 La Sommeliere
14.3.10 Climadiff
14.3.11 Haier
14.3.12 Donlert Electrical
14.3.13 Perlick
14.3.14 BOSCH
14.3.15 LG
14.3.16 VRBON
14.3.17 Whynter
14.3.18 Zhongshan Yehos Eletrical Appliances Co., Ltd
