6 Key Takeaways
from Fact.MR’s Report on Wine Cabinets Market for Forecast Period 2017-2026
1- Based on price range, mid-range wine
cabinets will continue to be preferred in the market. However, revenues from
sales of economy wine cabinets will increase at the highest CAGR through 2026.
In contrast, revenues from premium wine cabinets will record the lowest CAGR
through 2026.
2- Free-standing wine cabinets are
anticipated to remain sought-after among products in the global wine cabinets
market. Volume sales of free-standing wine cabinets are expected to surpass
4,000 Mn units by 2026-end. This number is estimated to remain relatively
higher than those from all the other product segments combined.
3- North America is expected to remain
the most remunerative market for wine cabinets, both in terms of value as well
as volume. However, demand for wine cabinets in North America is expected to
witness a significant decline over the forecast period.
4- Revenues as well as volume sales of
wine cabinets in Asia-Pacific excluding Japan (APEJ) are projected to register
the fastest expansion through 2026. Europe will also remain a lucrative market
for wine cabinets, with revenues poised to account for over one-fourth market
share by 2026-end.
5- On the basis of technology,
compressed wine cabinets are expected to account for a significantly larger
revenue share of the market than electric wine cabinets during the forecast
period. However, sales of compressed and electric wine cabinets are expected to
register a nearly equal CAGR through 2026, in terms of value and volume.
6- Key market players identified in the
report include Middle by Corporation, HAIER, Danby, Avanti, EDGESTAR, SUB-ZERO,
Electrolux, Eurocave, PERLICK, Liebherr, Climadiff and Enofrigo.
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