PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1665039
PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1665039
Manual Bottle Opener Market Opportunity, Growth Drivers, Industry Trend Analysis, and Forecast 2024 - 2032
The Global Manual Bottle Opener Market, valued at USD 1.2 billion in 2023, is projected to expand at a steady CAGR of 5.5% from 2024 to 2032. This growth is driven by the surging popularity of home entertaining, casual gatherings, and the DIY home bar trend, all of which have significantly boosted the demand for manual bottle openers.
The market offers a variety of product types, including traditional bottle openers, keychain openers, wall-mounted designs, and other innovative variants. Among these, traditional bottle openers accounted for USD 400 million in revenue in 2023 and are set to maintain a 5.5% CAGR through 2032. These handheld openers, prized for their simplicity and functionality, remain a consumer favorite. Their ease of use and straightforward design make them an indispensable tool for hassle-free bottle opening, appealing to a wide range of users.
| Market Scope | |
|---|---|
| Start Year | 2023 |
| Forecast Year | 2024-2032 |
| Start Value | $1.2 billion |
| Forecast Value | $1.9 billion |
| CAGR | 5.5% |
By material, the manual bottle opener market is categorized into stainless steel, aluminum, plastic, and others. Stainless steel emerged as the leader, commanding 61% of the market share in 2023, and is anticipated to grow at a robust CAGR of 5.7% over the forecast period. Renowned for its durability, corrosion resistance, and longevity, stainless steel is the material of choice for consumers seeking reliable and long-lasting tools. This preference underscores the demand for quality and performance in everyday essentials.
The United States dominated the manual bottle opener market, holding an impressive 82% share in 2023. This strong performance is largely attributed to the growing craft beer culture across the nation. With the expansion of the craft beer industry, there is a rising need for specialized tools, including manual bottle openers, to accommodate diverse bottle closures. The proliferation of microbreweries and the increasing number of homebrewers further drive the demand for these essential accessories, cementing the market's growth in the region.
Table of Contents
Chapter 1 Methodology & Scope
- 1.1 Market scope & definitions
- 1.2 Base estimates & calculations
- 1.3 Forecast calculations.
- 1.4 Data sources
- 1.4.1 Primary
- 1.4.2 Secondary
- 1.4.2.1 Paid sources
- 1.4.2.2 Public sources
Chapter 2 Executive Summary
- 2.1 Industry synopsis, 2021-2032
Chapter 3 Industry Insights
- 3.1 Industry ecosystem analysis
- 3.1.1 Factor affecting the value chain.
- 3.1.2 Profit margin analysis.
- 3.1.3 Disruptions
- 3.1.4 Future outlook
- 3.1.5 Manufacturers
- 3.1.6 Distributors
- 3.2 Supplier landscape
- 3.3 Profit margin analysis.
- 3.4 Key news & initiatives
- 3.5 Regulatory landscape
- 3.6 Impact forces
- 3.6.1 Growth drivers
- 3.6.1.1 Increasing number of bars and pubs
- 3.6.1.2 Rapid urbanization
- 3.6.2 Industry pitfalls & challenges
- 3.6.2.1 Market saturation and intense competition
- 3.6.2.2 Sustainability concerns
- 3.6.1 Growth drivers
- 3.7 Raw material analysis
- 3.8 Growth potential analysis
- 3.9 Porter’s analysis
- 3.10 PESTEL analysis
Chapter 4 Competitive Landscape, 2023
- 4.1 Introduction
- 4.2 Company market share analysis
- 4.3 Competitive positioning matrix
- 4.4 Strategic outlook matrix
Chapter 5 Market Estimates & Forecast, By Product Type, 2021-2032 (USD Billion) (Million Units)
- 5.1 Key trends
- 5.2 Traditional bottle openers
- 5.3 Keychain bottle openers
- 5.4 Wall-mounted openers
- 5.5 Others (multi tool bottle openers, etc.)
Chapter 6 Market Estimates & Forecast, By Material, 2021-2032 (USD Billion) (Million Units)
- 6.1 Key trends
- 6.2 Stainless steel
- 6.3 Aluminum
- 6.4 Plastic
- 6.5 Others (wood, etc.)
Chapter 7 Market Estimates & Forecast, By Price Range, 2021-2032 (USD Billion) (Million Units)
- 7.1 Key trends
- 7.2 Low
- 7.3 Mid
- 7.4 High
Chapter 8 Market Estimates & Forecast, By End Use, 2021-2032 (USD Billion) (Million Units)
- 8.1 Key trends
- 8.2 Households
- 8.3 Bars and restaurants
- 8.4 Outdoor enthusiasts
- 8.5 Others (collectors and hobbyists, etc.)
Chapter 9 Market Estimates & Forecast, By Distribution Channel, 2021-2032 (USD Billion) (Million Units)
- 9.1 Key trends
- 9.2 Online
- 9.3 Offline
Chapter 10 Market Estimates & Forecast, By Region, 2021-2032 (USD Billion) (Million Units)
- 10.1 Key trends
- 10.2 North America
- 10.2.1 U.S.
- 10.2.2 Canada
- 10.3 Europe
- 10.3.1 UK
- 10.3.2 Germany
- 10.3.3 France
- 10.3.4 Italy
- 10.3.5 Spain
- 10.3.6 Russia
- 10.4 Asia Pacific
- 10.4.1 China
- 10.4.2 India
- 10.4.3 Japan
- 10.4.4 South Korea
- 10.4.5 Australia
- 10.5 Latin America
- 10.5.1 Brazil
- 10.5.2 Mexico
- 10.6 MEA
- 10.6.1 UAE
- 10.6.2 Saudi Arabia
- 10.6.3 South Africa
Chapter 11 Company Profiles
- 11.1 BarCraft
- 11.2 Boker
- 11.3 Corkcicle
- 11.4 Godinger
- 11.5 Joseph Joseph
- 11.6 Kohler
- 11.7 Le Creuset
- 11.8 Le Creuset Group
- 11.9 Motta
- 11.10 Oster
- 11.11 OXO International
- 11.12 The Bottle Opener Company
- 11.13 Tovolo
- 11.14 True Fabrications
- 11.15 Zoku
