Increasing Wine Consumption Due To Perceived Health Benefits Is Projected To Boost Built-In Wine Coolers Market Growth
Recent Fact.MR data shows that demand for built-in wine coolers is predicted to rise in 2021. Sales are expected to rise once the impact of COVID-19 wears off. A new industry report from Fact.MR tracks global sales of built-in wine coolers for 2016-2020. The report offers an economic forecast for the decade 2021-2031.
Built-in Wine Coolers- Introduction
The global market for built-in wine coolers is expected to witness notable growth during the forecast period. A built-in wine cooler is a prominent way of storing and exhibiting wines, especially in wine shops and households.
The need for keeping wines at the ideal temperature for optimum aging is driving the global market. The built-in wine coolers facilitate maintaining the taste of wines for a longer period of time.
The popularity of wine is rising in countries like the US, UK, Spain, Italy, etc. will further fuel the demand for built-in wine coolers. There are two types of technology-based built-in wine coolers – Compressor based and Thermoelectric based. The compressor-based built-in wine cooler is mainly for commercial use. The thermoelectric-based built-in wine coolers are mainly used by the household sector due to affordability and energy efficiency.
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Built-In Wine Coolers – Segmentation
The global Built-in wine coolers market can be segmented on the basis of type, application, the technology used, and geographical regions.
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Based on type, the market can be segmented as:
- Dual Zone built-in wine coolers
- Single Zone built-in wine coolers
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On the basis of application, built-in wine coolers are classified as:
- Commercial Use
- Home Use
- Other
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The market can be segmented, based on the technology, as:
- Thermoelectric Built-In Wine Coolers
- Compressor Built-In Wine Coolers
Key players in the market are:
- Haier
- Electrolux Appliances
- Zero Zone
- Hillphoenix
- Ugur Cooling
- Vinotemp
- MCA Corporation
- KingsBottle
- Avallon
- Whirlpool
- GE Appliances
- Kegco
- Danby
- EdgeStar
Built-In Wine Coolers – Key Players
The global Built-in wine coolers market is fragmented due to the presence of several market players. Haier holds a significant share of the global Built-in wine coolers market and is a leading manufacturer in Asia, especially China.
Built-In Wine Coolers – Regional Outlook
The leading market for wine coolers in Europe, followed by North America. These two regions are expected to maintain the lead throughout the forecast period. Asia is expected to be the fastest-growing market for built-in wine coolers owing to the increasing awareness about the health benefits of wine.
The Asian market is expected to offer a significant growth opportunity to prospective built-in wine coolers manufacturers, with countries like India and China, experiencing a noteworthy increase in wine consumption.
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