Global Wine Refrigerators Market is projected to exhibit a CAGR of  4.74% between 2017 and 2025

The global Wine Refrigerators market is valued at 1471.3 million USD in 2017 and is expected to reach 2143.0 million USD by the end of 2025, growing at a CAGR of 4.74% between 2017 and 2025.

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There are many producing companies in the world. The main market players are Haier, Danby, Electrolux, Avanti, Vinotemp, and so on. The Revenue of Wine Refrigerators is about 1471.3 Million USD in 2017. It has been estimated that the Wine Refrigerators Market will witness a huge upsurge in the forthcoming years due to rising scope and demand across the globe. Wine Refrigerators Market is segmented on the basis of usage as Online Shopping, Specialty Store, and others.

Wine Refrigerators Market Trend Analysis

Wine Refrigerators is a type of equipment that is employed for the wine storage. It has come up as one of the ideal methods for storing wide variety of wines. It functions well when it comes to durability. It offers proper humidity and temperature controlled surrounding for the bottles. As far as the wine storage temperature is concerned, it also relies on the kind of wine being stored.

The refrigerator can be modified according to the required temperature. It has been observed that the manufacturers are taking up various steps to develop the product and make it more advanced in order to raise the level of efficiency. Moreover, the refrigerator has now being developed with numerous storage zones that can keep up varied level of temperatures for red as well as white wines. The product is gaining huge demand across the globe due to rising interest regarding wine among the population.

The factors that are acting as major boosters to the market growth may include urbanization, technological developments, constant innovations, availability of the product, rising interest among the masses, standard of living, rise in the disposable income, mounting consumer expenditure, and increase in the investments by the leading manufacturers. Global Wine Refrigerators Market is segmented on the basis of type as type as Small Chillers, Large ‘Wine Cellar’ Refrigerators, Compressor Wine Coolers, Small Countertop Refrigerators, and Medium-Size Wine Refrigerator.

 

Market Segment by Regions, regional analysis covers

USA

Europe

China

Asia (Ex.China)

Latin America

Others

Market Segment Sales Channel, can be divided into

Specialty Store

DIY

Online Shopping

Supermarket

Specialty Store is important in the channels, with a sales market share nearly 48.26% in 2017

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Market Segment by Type, covers

Small Chillers (Wine Coolers, Wine Chillers)

Small Built-In Refrigerators

Medium-Size Wine Refrigerator

Large-Size Wine Refrigerator

Report data showed that 65.51% of the Wine Refrigerators market demand in Small Chillers (Wine Coolers, Wine Chillers) in 2017.

 

Wine Refrigerators Competitive landscape and key vendors

Haier

Danby

Electrolux

Avanti

Vinotemp

Eurocave

U-LINE

Viking Range

La Sommeliere

Climadiff

Newair

Shenzhen Raching Technology

BOSCH

Perlick

SICAO

VRBON

Whynter

Yehos

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