PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1665052
PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1665052
Automatic Bottle Opener Market Opportunity, Growth Drivers, Industry Trend Analysis, and Forecast 2024 - 2032
The Global Automatic Bottle Opener Market reached USD 665.7 million in 2023 and is poised to grow at an impressive CAGR of 6.6% from 2024 to 2032. This growth is fueled by the rising consumption of bottled beverages, both alcoholic and non-alcoholic, as consumers increasingly prioritize convenience and portability. The growing preference for bottled options has heightened the demand for efficient bottle-opening solutions across residential and commercial sectors.
Dynamic beverage markets, particularly in regions like North America, are experiencing substantial adoption of automatic bottle openers. The strong presence of bars, restaurants, and entertainment venues, coupled with a growing interest in premium and craft beverages, continues to drive market expansion. These trends reflect a broader cultural shift toward efficiency and innovation in hospitality and consumer goods.
| Market Scope | |
|---|---|
| Start Year | 2023 |
| Forecast Year | 2024-2032 |
| Start Value | $665.7 Million |
| Forecast Value | $1.17 Billion |
| CAGR | 6.6% |
By product type, the market is segmented into cordless and corded automatic bottle openers. Cordless models dominated in 2023, generating USD 423.5 million in revenue, and are projected to grow at a CAGR of 6.7% through 2032. Their user-friendly designs and adaptability in various settings make them the preferred choice for consumers and businesses alike. Technological advancements, particularly in battery performance, have further enhanced the reliability and portability of cordless options, solidifying their position as market leaders.
In terms of distribution, offline channels accounted for 77% of sales in 2023 and are expected to grow at a CAGR of 6.2% during the forecast period. Physical stores remain a trusted option for consumers who value the opportunity to assess product quality, functionality, and design firsthand. Established brick-and-mortar retailers offer reliability and post-sales support, ensuring offline channels maintain their dominance despite the rapid rise of e-commerce platforms.
The U.S. automatic bottle opener market captured a commanding 78.9% share in 2023 and is projected to expand at a CAGR of 6.5% through 2032. A robust consumer base, advanced retail networks, and a thriving hospitality and entertainment industry underpin its leadership position. The increasing focus on convenience and efficiency, driven by a culture of bottled beverage consumption, continues to boost demand across both residential and commercial sectors.
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 3600 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 Rising consumption of bottled beverages
- 3.6.1.2 Growing preference for convenience and user-friendly designs
- 3.6.1.3 Increasing popularity of social gatherings and parties
- 3.6.2 Industry pitfalls & challenges
- 3.6.2.1 Intense market competition
- 3.6.2.2 Health and safety concerns
- 3.6.1 Growth drivers
- 3.7 Growth potential analysis
- 3.8 Porter’s analysis
- 3.9 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 Million)
- 5.1 Key trends
- 5.2 Cordless automatic bottle openers
- 5.3 Corded automatic bottle openers
Chapter 6 Market Estimates & Forecast, By Bottle Type, 2021-2032 (USD Million)
- 6.1 Key trends
- 6.2 Wine bottles
- 6.3 Beer bottles
- 6.4 Soda/Soft drink bottles
- 6.5 Others
Chapter 7 Market Estimates & Forecast, By Application, 2021-2032 (USD Million)
- 7.1 Key trends
- 7.2 Residential
- 7.3 Commercial
Chapter 8 Market Estimates & Forecast, By Pricing, 2021-2032 (USD Million)
- 8.1 Key trends
- 8.2 Low
- 8.3 Medium
- 8.4 High
Chapter 9 Market Estimates & Forecast, By Distribution Channel, 2021-2032 (USD Million)
- 9.1 Key trends
- 9.2 Online
- 9.3 Offline
Chapter 10 Market Estimates & Forecast, By Region, 2021-2032 (USD Million)
- 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
- 10.4 Asia Pacific
- 10.4.1 China
- 10.4.2 India
- 10.4.3 Japan
- 10.4.4 South Korea
- 10.4.5 Australia
- 10.4.6 Indonesia
- 10.5 Latin America
- 10.5.1 Brazil
- 10.5.2 Mexico
- 10.5.3 Argentina
- 10.6 MEA
- 10.6.1 South Africa
- 10.6.2 Saudi Arabia
- 10.6.3 UAE
Chapter 11 Company Profiles
- 11.1 Beneno
- 11.2 Brabantia
- 11.3 Chef Craft
- 11.4 Cuisinart
- 11.5 Ivation
- 11.6 Kikkerland
- 11.7 Oster
- 11.8 Ozeri
- 11.9 Peugeot
- 11.10 Pulltex
- 11.11 Rabbit
- 11.12 Secura
- 11.13 Tyzine
- 11.14 Wine Enthusiast
- 11.15 Zwilling
