Wine Cooler Market Size, Share & Trends Analysis Report By Product (Free-standing, Countertop, Built-in), By Application (Residential, Commercial), By Region, And Segment Forecasts, 2024

Description

Wine Coolers Market Growth & Trends:

The global wine cooler market size is anticipated to reach USD 4.4 billion by 2030, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 6.8% during the forecast period. Increasing consumption of wine around the world, especially in India, China, and Japan is expected to fuel the growth.

Free-standing wine cooler segment held the largest market share of 52.2% during the forecast period and is expected to continue leading over the forecast period. Rapid product innovation and introduction of new products with wider dimensions for increased wine bottle storage is anticipated to bode well for the growth of the segment in the forthcoming years. For instance, in February 2019, Vinotemp launched a Technical Veneer Wrap option for its large-capacity private reserve series wine coolers at the Kitchen & Bath Industry Show, Las Vegas, Nevada.

The countertop wine cooler segment is expected to expand at the fastest CAGR over the forecast period.

Commercial application is expected to continue leading in terms of overall market share throughout the forecast period. Growing popularity of wine among millennial is the key factor driving the segment growth. Residential segment, on the other hand, is expected to expand at the fastest CAGR over the forecast period. The tradition of drinking wine with dinner in various countries including U.S. and China is the key factor driving the demand for wine cooler from residential sector.

Europe is expected to remain dominant region in terms of overall market share throughout the forecast period. It is expected to expand at a CAGR of 6.0% from 2024 to 2030, driven by increasing consumption wine.

Wine Coolers Market Report Highlights:

Free-standing wine coolers accounted for the dominant market share of 52.2% in 2023 owing to their portability.
Residential wine coolers is expected to emerge as the fastest-growing CAGR during the forecast period.
Europe held more than 34.0% share of global wine coolers market due increasing consumption of wine coupled with rising awareness regarding the health benefits of wine
Asia Pacific is expected to expand at a CAGR of 7.4% over the forecast period owing to increasing consumption wine

Product Code: GVR-3-68038-417-8

Chapter 1. Methodology and Scope

1.1. Market Segmentation and Scope
1.2. Market Definitions
1.3. Research Methodology
- 1.3.1. Information Procurement
- 1.3.2. Information or Data Analysis
- 1.3.3. Market Formulation & Data Visualization
- 1.3.4. Data Validation & Publishing
1.4. Research Scope and Assumptions
- 1.4.1. List of Data Sources

Chapter 2. Executive Summary

2.1. Market Outlook
2.2. Segment Outlook
2.3. Competitive Insights

Chapter 3. Wine Cooler Market Variables, Trends, & Scope

3.1. Market Introduction/Lineage Outlook
3.2. Market Size and Growth Prospects (USD Million)
3.3. Market Dynamics
- 3.3.1. Market Drivers Analysis
- 3.3.2. Market Restraints Analysis
3.4. Wine Cooler Market Analysis Tools
- 3.4.1. Porter's Analysis
  - 3.4.1.1. Bargaining power of the suppliers
  - 3.4.1.2. Bargaining power of the buyers
  - 3.4.1.3. Threats of substitution
  - 3.4.1.4. Threats from new entrants
  - 3.4.1.5. Competitive rivalry
- 3.4.2. PESTEL Analysis
  - 3.4.2.1. Political landscape
  - 3.4.2.2. Economic and Social landscape
  - 3.4.2.3. Technological landscape
  - 3.4.2.4. Environmental landscape
  - 3.4.2.5. Legal landscape

Chapter 4. Wine Cooler Market: Product Estimates & Trend Analysis

4.1. Segment Dashboard
4.2. Wine Cooler Market: Product Movement Analysis, 2023 & 2030 (USD Million)
4.3. Free-standing
- 4.3.1. Free-standing Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
4.4. Countertop
- 4.4.1. Countertop Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
4.5. Built-in
- 4.5.1. Built-in Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)

Chapter 5. Wine Cooler Market: Technology Estimates & Trend Analysis

5.1. Segment Dashboard
5.2. Wine Cooler Market: Technology Movement Analysis, 2023 & 2030 (USD Million)
5.3. Compressor based
- 5.3.1. Compressor-based Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
5.4. Thermoelectric
- 5.4.1. Thermoelectric Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)

Chapter 6. Wine Cooler Market: Distribution Channel Estimates & Trend Analysis

6.1. Segment Dashboard
6.2. Wine Cooler Market: Distribution Channel Movement Analysis, 2023 & 2030 (USD Million)
6.3. Offline
- 6.3.1. Offline Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
6.4. Online
- 6.4.1. Online Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)

Chapter 7. Wine Cooler Market: Application Estimates & Trend Analysis

7.1. Segment Dashboard
7.2. Wine Cooler Market: Application Movement Analysis, 2023 & 2030 (USD Million)
7.3. Residential
- 7.3.1. Residential Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
7.4. Commercial
- 7.4.1. Commercial Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)

Chapter 8. Wine Cooler Market: Regional Estimates & Trend Analysis

8.1. Wine Cooler Market Share, By Region, 2023 & 2030 (USD Million)
8.2. North America
- 8.2.1. North America Wine Cooler Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.2.2. U.S.
  - 8.2.2.1. U.S. Wine Cooler Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.2.3. Canada
  - 8.2.3.1. Canada Wine Cooler Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.2.4. Mexico
  - 8.2.4.1. Mexico Wine Cooler Market Estimates and Forecasts, 2018 - 2030 (USD Million)
8.3. Europe
- 8.3.1. Europe Wine Cooler Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.3.2. UK
  - 8.3.2.1. UK Wine Cooler Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.3.3. Germany
  - 8.3.3.1. Germany Wine Cooler Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.3.4. France
  - 8.3.4.1. France Wine Cooler Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.3.5. Italy
  - 8.3.5.1. Italy Wine Cooler Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.3.6. Spain
  - 8.3.6.1. Spain Wine Cooler Market Estimates and Forecasts, 2018 - 2030 (USD Million)
8.4. Asia Pacific
- 8.4.1. Asia Pacific Wine Cooler Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.4.2. China
  - 8.4.2.1. China Wine Cooler Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.4.3. Japan
  - 8.4.3.1. Japan Wine Cooler Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.4.4. India
  - 8.4.4.1. India Wine Cooler Market Estimates and Forecasts, 2018 - 2030 (USD Million)
8.5. Latin America
- 8.5.1. Latin America Wine Cooler Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.5.2. Brazil
  - 8.5.2.1. Brazil Wine Cooler Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.5.3. Argentina
  - 8.5.3.1. Argentina Wine Cooler Market Estimates and Forecasts, 2018 - 2030 (USD Million)
8.6. Middle East and Africa
- 8.6.1. Middle East and Africa Wine Cooler Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.6.2. Saudi Arabia
  - 8.6.2.1. Saudi Arabia Wine Cooler Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 8.6.3. South Africa
  - 8.6.3.1. South Africa Wine Cooler Market Estimates and Forecasts, 2018 - 2030 (USD Million)

Chapter 9. Competitive Landscape

9.1. Recent Developments & Impact Analysis by Key Market Participants
9.2. Company Categorization
9.3. Company Heat Map Analysis
9.4. Company Profiles
- 9.4.1. Allavino Company
  - 9.4.1.1. Participant's Overview
  - 9.4.1.2. Financial Performance
  - 9.4.1.3. Product Benchmarking
  - 9.4.1.4. Recent Developments/ Strategic Initiatives
- 9.4.2. Avanti Products, Inc.
  - 9.4.2.1. Participant's Overview
  - 9.4.2.2. Financial Performance
  - 9.4.2.3. Product Benchmarking
  - 9.4.2.4. Recent Developments/ Strategic Initiatives
- 9.4.3. Electrolux AB
  - 9.4.3.1. Participant's Overview
  - 9.4.3.2. Financial Performance
  - 9.4.3.3. Product Benchmarking
  - 9.4.3.4. Recent Developments/ Strategic Initiatives
- 9.4.4. Danby Appliances Inc.
  - 9.4.4.1. Participant's Overview
  - 9.4.4.2. Financial Performance
  - 9.4.4.3. Product Benchmarking
  - 9.4.4.4. Recent Developments/ Strategic Initiatives
- 9.4.5. AGA Marvel
  - 9.4.5.1. Participant's Overview
  - 9.4.5.2. Financial Performance
  - 9.4.5.3. Product Benchmarking
  - 9.4.5.4. Recent Developments/ Strategic Initiatives
- 9.4.6. Viking Range, LLC
  - 9.4.6.1. Participant's Overview
  - 9.4.6.2. Financial Performance
  - 9.4.6.3. Product Benchmarking
  - 9.4.6.4. Recent Developments/ Strategic Initiatives
- 9.4.7. Donlert Electrical Co Ltd.
  - 9.4.7.1. Participant's Overview
  - 9.4.7.2. Financial Performance
  - 9.4.7.3. Product Benchmarking
  - 9.4.7.4. Recent Developments/ Strategic Initiatives
- 9.4.8. Newari Company
  - 9.4.8.1. Participant's Overview
  - 9.4.8.2. Financial Performance
  - 9.4.8.3. Product Benchmarking
  - 9.4.8.4. Recent Developments/ Strategic Initiatives
- 9.4.9. LG Electronics
  - 9.4.9.1. Participant's Overview
  - 9.4.9.2. Financial Performance
  - 9.4.9.3. Product Benchmarking
  - 9.4.9.4. Recent Developments/ Strategic Initiatives
- 9.4.10. General Electric Company
  - 9.4.10.1. Participant's Overview
  - 9.4.10.2. Financial Performance
  - 9.4.10.3. Product Benchmarking
  - 9.4.10.4. Recent Developments/ Strategic Initiatives

Wine Cooler Market Size, Share & Trends Analysis Report By Product (Free-standing, Countertop, Built-in), By Application (Residential, Commercial), By Region, And Segment Forecasts, 2024 - 2030