Market Overview:
The global wine coolers market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for wine coolers from commercial and residential applications. In terms of type, the electronic semiconductor segment is expected to lead the global wine coolers market during the forecast period, followed by compressor direct cooling and frequency conversion air cooling segments.
Product Definition:
A wine cooler is a device used to store and cool wine. The importance of wine coolers is that they are able to keep the wine at a consistent temperature, which helps to preserve its flavor.
Electronic Semiconductor:
An electronic semiconductor is a device containing one or more electrical circuits that use semiconductors as their basic constituent element. An electronic semiconductor can be single-chip or a complex integrated circuit (IC). The most common types of electronic semiconductors are diodes, transistors, and resistors; however there are many other types of components that make up an electric circuit such as capacitors and inductors which have been widely used in recent years owing to technological advancements.
Compressor Direct Cooling:
Compressor direct cooling is a process in which the refrigerant is directly cooled through the condenser without going through an expansion valve. In this process, there are no heat losses due to circulation of refrigerant and thus it provides better cooling efficiency. This system works well for smaller units as it requires less maintenance and has fewer components, thus making it more reliable than other systems.
Application Insights:
The commercial application segment dominated the global wine coolers market in 2017, accounting for more than 60.0% share of the total revenue. The segment is expected to witness significant growth over the forecast period owing to rising demand from restaurants and bars at a global level. In addition, increasing number of retail stores selling alcoholic beverages at a domestic level is also likely to contribute significantly towards segment growth over the next few years.
Commercial refrigeration systems are majorly used in food processing industries where large volumes of perishable food products are stored and processed on a regular basis such as fruit juice concentrates, dairy products (such as cheese), fish, meat & seafood (including ice cream), bakery & confectionaries among other industries including pharmaceuticals and cold storage facilities storing temperature-sensitive drugs or medical devices among others which need controlled conditions for their safe storage & transportation respectively across different regions globally.
Regional Analysis:
North America accounted for the largest share of over 35.0% in 2017 owing to the presence of a large number of key players and high spending power in the region. The U.S., being one of the most lucrative markets, has attracted significant investments from various companies operating in different segments such as industrial, commercial, and home appliances cooling products. Furthermore, these products are used for serving both domestic and commercial purposes which further drives regional growth.
Growth Factors:
- Increasing demand for wine coolers from the commercial sector as a result of growing awareness about the benefits of wine cooling among restaurateurs and hoteliers.
- Rising disposable income levels of consumers in developing countries, which is resulting in an increase in demand for premium wine coolers.
- Proliferation of online retail channels, which is aiding the growth of the global wine cooler market by making these products more easily accessible to consumers worldwide.
- Growing popularity of outdoor entertaining activities, such as barbecues and picnics, which is leading to an increase in demand for portable wine coolers.
Scope Of The Report
Report Attributes
Report Details
Report Title
Wine Coolers Market Research Report
By Type
Electronic Semiconductor, Compressor Direct Cooling, Frequency Conversion Air Cooling, Other
By Application
Commercial Appliance, Home Appliance
By Companies
Eurocave, Vinotemp, Electrolux, Perlick, LG, BOSCH, Avanti, Danby, Newair, Sunpentown, Whynter, SICAO, HAIER, Meihe Appliance, Frestec, Yehos, VRBON, Risver Corporation, Donlert Electrical, Seadare, Wine Refrigerator, BSH Home Appliances Group. (Siemens AG), Climadi, Shenzhen VRBON Electrical Appliance, Allavino
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
200
Number of Tables & Figures
140
Customization Available
Yes, the report can be customized as per your need.
Global Wine Coolers Market Report Segments:
The global Wine Coolers market is segmented on the basis of:
Types
Electronic Semiconductor, Compressor Direct Cooling, Frequency Conversion Air Cooling, Other
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
Commercial Appliance, Home Appliance
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:
- Eurocave
- Vinotemp
- Electrolux
- Perlick
- LG
- BOSCH
- Avanti
- Danby
- Newair
- Sunpentown
- Whynter
- SICAO
- HAIER
- Meihe Appliance
- Frestec
- Yehos
- VRBON
- Risver Corporation
- Donlert Electrical
- Seadare
- Wine Refrigerator
- BSH Home Appliances Group. (Siemens AG)
- Climadi
- Shenzhen VRBON Electrical Appliance
- Allavino
Highlights of The Wine Coolers 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:
- Electronic Semiconductor
- Compressor Direct Cooling
- Frequency Conversion Air Cooling
- Other
- By Application:
- Commercial Appliance
- Home Appliance
- 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 Wine Coolers 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 wine cooler is a device used to keep wine chilled.
Some of the major players in the wine coolers market are Eurocave, Vinotemp, Electrolux, Perlick, LG, BOSCH, Avanti, Danby, Newair, Sunpentown, Whynter, SICAO, HAIER, Meihe Appliance, Frestec, Yehos, VRBON, Risver Corporation, Donlert Electrical, Seadare, Wine Refrigerator, BSH Home Appliances Group. (Siemens AG), Climadi, Shenzhen VRBON Electrical Appliance, Allavino.
The wine coolers 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 Wine Coolers 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 Wine Coolers Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Wine Coolers 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 Wine Coolers 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 Wine Coolers Market Size & Forecast, 2018-2028
4.5.1 Wine Coolers Market Size and Y-o-Y Growth
4.5.2 Wine Coolers Market Absolute $ Opportunity
Chapter 5 Global Wine Coolers 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 Wine Coolers Market Size Forecast by Type
5.2.1 Electronic Semiconductor
5.2.2 Compressor Direct Cooling
5.2.3 Frequency Conversion Air Cooling
5.2.4 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Wine Coolers 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 Wine Coolers Market Size Forecast by Applications
6.2.1 Commercial Appliance
6.2.2 Home Appliance
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Wine Coolers 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 Wine Coolers 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 Wine Coolers Analysis and Forecast
9.1 Introduction
9.2 North America Wine Coolers 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 Wine Coolers Market Size Forecast by Type
9.6.1 Electronic Semiconductor
9.6.2 Compressor Direct Cooling
9.6.3 Frequency Conversion Air Cooling
9.6.4 Other
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 Wine Coolers Market Size Forecast by Applications
9.10.1 Commercial Appliance
9.10.2 Home Appliance
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 Wine Coolers Analysis and Forecast
10.1 Introduction
10.2 Europe Wine Coolers 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 Wine Coolers Market Size Forecast by Type
10.6.1 Electronic Semiconductor
10.6.2 Compressor Direct Cooling
10.6.3 Frequency Conversion Air Cooling
10.6.4 Other
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 Wine Coolers Market Size Forecast by Applications
10.10.1 Commercial Appliance
10.10.2 Home Appliance
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 Wine Coolers Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Wine Coolers 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 Wine Coolers Market Size Forecast by Type
11.6.1 Electronic Semiconductor
11.6.2 Compressor Direct Cooling
11.6.3 Frequency Conversion Air Cooling
11.6.4 Other
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 Wine Coolers Market Size Forecast by Applications
11.10.1 Commercial Appliance
11.10.2 Home Appliance
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 Wine Coolers Analysis and Forecast
12.1 Introduction
12.2 Latin America Wine Coolers 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 Wine Coolers Market Size Forecast by Type
12.6.1 Electronic Semiconductor
12.6.2 Compressor Direct Cooling
12.6.3 Frequency Conversion Air Cooling
12.6.4 Other
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 Wine Coolers Market Size Forecast by Applications
12.10.1 Commercial Appliance
12.10.2 Home Appliance
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) Wine Coolers Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Wine Coolers 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) Wine Coolers Market Size Forecast by Type
13.6.1 Electronic Semiconductor
13.6.2 Compressor Direct Cooling
13.6.3 Frequency Conversion Air Cooling
13.6.4 Other
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) Wine Coolers Market Size Forecast by Applications
13.10.1 Commercial Appliance
13.10.2 Home Appliance
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 Wine Coolers Market: Competitive Dashboard
14.2 Global Wine Coolers Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Eurocave
14.3.2 Vinotemp
14.3.3 Electrolux
14.3.4 Perlick
14.3.5 LG
14.3.6 BOSCH
14.3.7 Avanti
14.3.8 Danby
14.3.9 Newair
14.3.10 Sunpentown
14.3.11 Whynter
14.3.12 SICAO
14.3.13 HAIER
14.3.14 Meihe Appliance
14.3.15 Frestec
14.3.16 Yehos
14.3.17 VRBON
14.3.18 Risver Corporation
14.3.19 Donlert Electrical
14.3.20 Seadare
14.3.21 Wine Refrigerator
14.3.22 BSH Home Appliances Group. (Siemens AG)
14.3.23 Climadi
14.3.24 Shenzhen VRBON Electrical Appliance
14.3.25 Allavino
