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Wine Cooler Market - By Product (Free-standing, Countertop, and Built-in), By Application (Residential, Commercial) And By Region (North America, Asia Pacific, Europe, Middle East & Africa and Latin America) - Industry Analysis, Opportunity and Forecast 2020 To 2027

Published Date: May 2021

No. of Pages: 188

Status: Published

Report Code: EMR100718

The global wine cooler market size was valued at USD 2.32 billion in 2020 and is expected to reach USD 3.28 billion with a CAGR of 5%. Increasing consumption of wine across the world is one of the main factors fuelling the product demand. Rising popularity of wine in countries such as the U.S., The U.K., Spain, Italy, South Africa, and Canada, especially among young consumers, is projected to further fuel the demand.

Rising popularity of sparkling wine due to its fizziness, especially across party circuits is projected to drive the demand for wine coolers. Rising awareness regarding the heart-healthy benefits including lowering cholesterol and strengthening the heart, are anticipated to drive the wine consumption. Increasing wine consumption, especially among young consumers and health-conscious consumers is anticipated to drive the market over the forecast period.

The wine market in India is expected to witness significant growth over the forecast period, owing to rising popularity among young generation. Rising consumption of wine among young generation owing to its sweeter taste compared to other sprits is poised to fuel the demand for wine coolers over the forecast period.

Requirement to protect wine from potentially harmful bacterial growth at room temperature is expected to fuel demand for the temperature-controlled storage products, such as coolers. Manufacturers focus on introducing advanced technologies to maintain taste and shelf life of wines. Interior Vinotemp’s Vinotemp BioBlu technology which used LED lighting, helps reduce the growth of bacteria and mold.Silhouette has also introduced the Danby model SR001 with a triple pane Low E glass for the protection from UV light.

Haier; LG Electronics; BSH Home Appliances Group. (Siemens AG); Climadi; Shenzhen VRBON Electrical Appliance Co., Ltd.; Allavino; Avanti Products; Electrolux; Donlert Electrical Co. Ltd; EuroCave Group.

Analyst Commentary

Free-standing wine cooler is held a market share of 53.2% in 2020. It is expected to maintain its dominant position throughout the forecast period and expand at a CAGR of 6.0%. Manufacturers are continuously introducing new products with wider dimensions in this category to provide bigger storage area.

Countertop held the second largest market share in terms of revenue in 2020. It is expected to witness the fastest CAGR over the forecast period.

Commercial segment held the leading market share of 71.7% in 2020. This segment is expected to remain dominant throughout the forecast period. Increasing consumption of wine around the world is the major driving factor for the growth of the segment. Moreover, increasing demand for various types of wine and their growing popularity among millennials is expected to bode well for the segment growth.

Shifting consumer preference, availability of a wide range of flavours, and rising spending power of the consumers are some of the factors expected to positively impact the demand trends in the global alcohol industry. For instance, millennials prefer beer over wine and other types of alcohols. However, in last decade, beer consumption has witnessed has dropped by more than 5%, while the consumption of other sprits such as wine, whiskey, and vodka has witnessed a steady rise in demand. Such demand trends are anticipated to drive the wine cooler market over the forecast period.

Segmentation

The Wine cooler market is segmented on the basis of product, application and region. On the basis of product, the market is segmented into Free-standing, Countertop, and Built-in. On the basis of application Residential, Commercial.

Regional Analysis

Asia Pacific is expected to expand at the fastest CAGR of 7.1% over the forecast period, owing to increasing consumption of wine. Furthermore, growing popularity of the beverage among young generation in China, India, and Indonesia among other countries is projected to fuel the product demand in the forthcoming years.
North America held a significant share of global market in 2020, due to growing awareness regarding the health benefits of wine. The U.S., is largest market in North America and it accounted for more than 75% of the regional market in 2020.

TABLE OF CONTENTS
Chapter 1. Executive Summary
Chapter 2. Research Methodology
2.1. Research approach
2.2. Scope, definition, and assumptions
2.3. Data Component
2.3.1. Secondary Component
2.3.1.1. Preliminary data mining
2.3.2. Primary Component
2.3.2.1. Statistical Model
2.3.2.2. Data Triangulation
2.3.2.3. Research Objective
Chapter 3. Market Outlook
3.1. Introduction
3.2. Key trends
3.2.1. xx
3.3. Market drivers
3.3.1. Impact analysis of Market Drivers
3.4. Market restraints
3.4.1. Impact analysis of Market Restraints
3.5. Market opportunities
3.5.1. Impact analysis of Market Opportunities
3.6. Market Challenges
3.6.1. Impact analysis of Market Trends
3.7. Porter’s Five Forces’ analysis
3.7.1. Bargaining Power of Suppliers
3.7.2. Bargaining Power of Buyers
3.7.3. Threat of New Entrant
3.7.4. Threat of Substitutes
3.7.5. High Competitive Rivalry
3.8. Value chain analysis
Chapter 4. COVID-19 Impact On Wine Cooler Market
Chapter 5. Global Wine Cooler Market Overview, By Product Types, 2015 - 2027(USD Million)
5.1. Global Wine Cooler Market Share, By Product Types, 2015 - 2027 (USD Million)
5.1.1. Free-standing
5.1.1.1. Market Type and Projections,2015 - 2027 (USD Million)
5.1.1.2. Market Type and Projections, by Region, 2015 - 2027 (USD Million)
5.1.2. Countertop
5.1.2.1. Market Type and Projections,2015 - 2027 (USD Million)
5.1.2.2. Market Type and Projections, by Region, 2015 - 2027 (USD Million)
5.1.3. Built-in
5.1.3.1. Market Type and Projections,2015 - 2027 (USD Million)
5.1.3.2. Market Type and Projections, by Region, 2015 - 2027 (USD Million)
Chapter 6. Global Wine Cooler Market Overview, By Application, 2015 - 2027(USD Million)
6.1. Global Wine Cooler Market Share, By Application, 2015 - 2027 (USD Million)
6.1.1. Residential
6.1.1.1. Market Type and Projections,2015 - 2027 (USD Million)
6.1.1.2. Market Type and Projections, by Region, 2015 - 2027 (USD Million)
6.1.2. Commercial
6.1.2.1. Market Type and Projections, 2015 - 2027 (USD Million)
6.1.2.2. Market Type and Projections, by Region, 2015 - 2027 (USD Million)
Chapter 7. Global Wine Cooler Market Overview, By Geography, 2015 - 2027(USD Million)
7.1. Global Wine Cooler Market Share, By Geography, 2015 - 2027(USD Million)
7.1.1. Market Type and projections, by Countries, 2015 - 2027 (USD Million)
7.1.2. Market Share and CAGR Comparison, by Countries, 2020 - 2027 (%)
Chapter 8. North America Wine Cooler Market Overview, By Countries, 2015 - 2027(USD Million)
8.1. North America Wine Cooler Market Overview, 2015 - 2027 (USD Million)
8.1.1. Market Type and projections, 2015 - 2027 (USD Million)
8.1.2. North America Wine Cooler Market Overview, By Product Types, 2015 - 2027 (USD Million)
8.1.3. North America Wine Cooler Market Overview, By Application, 2015 - 2027 (USD Million)
8.1.4. North America Wine Cooler Market Overview, By Countries, 2015 - 2027 (USD Million)
8.1.4.1. U.S. Wine Cooler Market Overview, 2015 - 2027 (USD Million)
8.1.4.1.1. Market Type and projections, 2015 - 2027 (USD Million)
8.1.4.1.2. U.S. Wine Cooler Market Overview, By Product Types, 2015 - 2027 (USD Million)
8.1.4.1.3. U.S. Wine Cooler Market Overview, By Application, 2015 - 2027 (USD Million)
8.1.4.2. Canada Wine Cooler Market Overview, 2015 - 2027 (USD Million)
8.1.4.2.1. Market Type and projections, 2015 - 2027 (USD Million)
8.1.4.2.2. Canada Wine Cooler Market Overview, By Product Types, 2015 - 2027 (USD Million)
8.1.4.2.3. Canada Wine Cooler Market Overview, By Application, 2015 - 2027 (USD Million)
8.1.4.3. Mexico Wine Cooler Market Overview, 2015 - 2027 (USD Million)
8.1.4.3.1. Market Type and projections, 2015 - 2027 (USD Million)
8.1.4.3.2. Mexico Wine Cooler Market Overview, By Product Types, 2015 - 2027 (USD Million)
8.1.4.3.3. Mexico Wine Cooler Market Overview, By Application, 2015 - 2027 (USD Million)
Chapter 9. Europe Wine Cooler Market Overview, By Countries, 2015 - 2027(USD Million)
9.1. Europe Wine Cooler Market Overview, 2015 - 2027 (USD Million)
9.1.1. Market Type and projections, 2015 - 2027 (USD Million)
9.1.2. Europe Wine Cooler Market Overview, By Product Types, 2015 - 2027 (USD Million)
9.1.3. Europe Wine Cooler Market Overview, By Application, 2015 - 2027 (USD Million)
9.1.4. Europe Skin Care Types Market Overview, By Countries, 2015 - 2027 (USD Million)
9.1.4.1. Germany
9.1.4.1.1. Market Type and projections, 2015 - 2027 (USD Million)
9.1.4.1.2. Germany Wine Cooler Market Overview, By Product Types, 2015 - 2027(USD Million)
9.1.4.1.3. Germany Wine Cooler Market Overview, By Application, 2015 - 2027(USD Million)
9.1.4.2. France
9.1.4.2.1. Market Type and projections, 2015 - 2027 (USD Million)
9.1.4.2.2. France Wine Cooler Market Overview, By Product Types, 2015 - 2027(USD Million)
9.1.4.2.3. France Wine Cooler Market Overview, By Application, 2015 - 2027(USD Million)
9.1.4.3. UK
9.1.4.3.1. Market Type and projections, 2015 - 2027 (USD Million)
9.1.4.3.2. UK Wine Cooler Market Overview, By Product Types, 2015 - 2027(USD Million)
9.1.4.3.3. UK Wine Cooler Market Overview, By Application, 2015 - 2027(USD Million)
9.1.4.4. Italy
9.1.4.4.1. Market Type and projections, 2015 - 2027 (USD Million)
9.1.4.4.2. Italy Wine Cooler Market Overview, By Product Types, 2015 - 2027(USD Million)
9.1.4.4.3. Italy Wine Cooler Market Overview, By Application 2015 - 2027(USD Million)
9.1.4.5. Spain
9.1.4.5.1. Market Type and projections, 2015 - 2027 (USD Million)
9.1.4.5.2. Spain Wine Cooler Market Overview, By Product Types, 2015 - 2027(USD Million)
9.1.4.5.3. Spain Wine Cooler Market Overview, By Application, 2015 - 2027(USD Million)
9.1.4.6. Rest of Europe
9.1.4.6.1. Market Type and projections, 2015 – 2027
9.1.4.6.2. Rest of Europe Wine Cooler Market Overview, By Product Types, 2015 - 2027(USD Million)
9.1.4.6.3. Rest of Europe Wine Cooler Market Overview, By Application, 2015 - 2027(USD Million)
Chapter 10. Asia Pacific Wine Cooler Market Overview, By Countries, 2015 - 2027 (USD Million)
10.1. Asia Pacific Wine Cooler Market Overview, 2015 - 2027 (USD Million)
10.1.1. Market Type and projections, 2015 - 2027 (USD Million)
10.1.2. Asia Pacific Wine Cooler Market Overview, By Product Types, 2015 - 2027 (USD Million)
10.1.3. Asia Pacific Wine Cooler Market Overview, By Application, 2015 - 2027 (USD Million)
10.1.4. Asia Pacific Wine Cooler Market Overview, By Countries, 2015 - 2027 (USD Million)
10.1.4.1. India
10.1.4.1.1. Market Type and projections, 2015 - 2027 (USD Million)
10.1.4.1.2. India Wine Cooler Market Overview, By Product Types, 2015 - 2027(USD Million)
10.1.4.1.3. India Wine Cooler Market Overview, By Application, 2015 - 2027 (USD Million)
10.1.4.2. China
10.1.4.2.1. Market Type and projections, 2015 - 2027(USD Million)
10.1.4.2.2. China Wine Cooler Market Overview, By Product Types, 2015 - 2027(USD Million)
10.1.4.2.3. China Wine Cooler Market Overview, By Application, 2015 - 2027 (USD Million)
10.1.4.3. Japan
10.1.4.3.1. Market Type and projections, 2015 - 2027 (USD Million)
10.1.4.3.2. Japan Wine Cooler Market Overview, By Product Types, 2015 - 2027(USD Million)
10.1.4.3.3. Japan Wine Cooler Market Overview, By Application, 2015 - 2027(USD Million)
10.1.4.4. South Korea
10.1.4.4.1. Market Type and projections, 2015 - 2027(USD Million)
10.1.4.4.2. South Korea Wine Cooler Market Overview, By Product Types, 2015 - 2027(USD Million)
10.1.4.4.3. South Korea Wine Cooler Market Overview, By Application, 2015 - 2027 (USD Million)
10.1.4.5. Rest of Asia Pacific
10.1.4.5.1. Market Type and projections, 2015 - 2027 (USD Million)
10.1.4.5.2. Rest of Asia Pacific Wine Cooler Market Overview, By Product Types, 2015 - 2027(USD Million)
10.1.4.5.3. Rest of Asia Pacific Wine Cooler Market Overview, By Application, 2015 - 2027 (USD Million)
Chapter 11. Middle East & Africa Wine Cooler Market Overview, By Countries, 2015 - 2027 (USD Million)
11.1. Middle East & Africa Wine Cooler Market Overview, 2015 - 2027 (USD Million)
11.1.1. Market Type and projections, 2015 - 2027 (USD Million)
11.1.2. Middle East & Africa Wine Cooler Market Overview, By Product Types, 2015 - 2027 (USD Million)
11.1.3. Middle East & Africa Wine Cooler Market Overview, By Application, 2015 - 2027 (USD Million)
11.1.4. Middle East & Africa Wine Cooler Market Overview, By Countries, 2015 - 2027 (USD Million)
11.1.4.1. GCC
11.1.4.1.1. Market Type and projections, 2015 - 2027 (USD Million)
11.1.4.1.2. GCC Wine Cooler Market Overview, By Product Types, 2015 - 2027 (USD Million)
11.1.4.1.3. GCC Wine Cooler Market Overview, By Application, 2015 - 2027 (USD Million)
11.1.4.2. South Africa
11.1.4.2.1. Market Type and projections, 2015 - 2027 (USD Million)
11.1.4.2.2. South Africa Wine Cooler Market Overview, By Product Types, 2015 - 2027 (USD Million)
11.1.4.2.3. South Africa Wine Cooler Market Overview, By Application, 2015 - 2027 (USD Million)
11.1.4.3. Rest of Middle East & Africa
11.1.4.3.1. Market Type and projections, 2015 - 2027 (USD Million)
11.1.4.3.2. Rest of Middle East & Africa Wine Cooler Market Overview, By Product Types, 2015 - 2027 (USD Million)
11.1.4.3.3. Rest of Middle East & Africa Wine Cooler Market Overview, By Application, 2015 - 2027 (USD Million)
Chapter 12. South America Wine Cooler Market Overview, By Countries, 2015 - 2027 (USD Million)
12.1. South America Wine Cooler Market Overview, 2015 - 2027 (USD Million)
12.1.1. Market Type and projections, 2015 - 2027 (USD Million)
12.1.2. South America Wine Cooler Market Overview, By Product Types, 2015 - 2027 (USD Million)
12.1.3. South America Wine Cooler Market Overview, By Application, 2015 - 2027 (USD Million)
12.1.4. South America Wine Cooler Market Overview, By Countries, 2015- 2026 (USD Million)
12.1.5. Brazil
12.1.5.1. Market Type and projections, 2015 - 2027 (USD Million)
12.1.5.2. Brazil Wine Cooler Market Overview, By Product Types, 2015 - 2027 (USD Million)
12.1.5.3. Brazil Wine Cooler Market Overview, By Application, 2015 - 2027 (USD Million)
12.1.6. Argentina
12.1.6.1. Market Type and projections, 2015 - 2027 (USD Million)
12.1.6.2. Argentina Wine Cooler Market Overview, By Product Types, 2015 - 2027 (USD Million)
12.1.6.3. Argentina Wine Cooler Market Overview, By Application, 2015 - 2027 (USD Million)
12.1.7. Rest of South America
12.1.7.1. Market Type and projections, 2015 – 2027
12.1.7.2. Rest of South America Wine Cooler Market Overview, By Product Types, 2015 - 2027 (USD Million)
12.1.7.3. Rest of South America Wine Cooler Market Overview, By Application, 2015 - 2027 (USD Million)
Chapter 13. Competitive Landscape
13.1. Competitive environment, 2021
13.2. Strategic framework
13.2.1. Partnership/agreement
13.2.2. Expansion
13.2.3. Mergers & Acquisitions
13.2.4. New Type development
Chapter 14. Key Vendor Analysis
14.1. Haier
14.1.1. Company overview
14.1.2. Financial performance
14.1.3. Product Benchmarking
14.1.4. Recent initiatives
14.1.5. SWOT analysis
14.2. LG Electronics
14.2.1. Company overview
14.2.2. Financial performance
14.2.3. Product Benchmarking
14.2.4. Recent initiatives
14.2.5. SWOT analysis
14.3. BSH Home Appliances Group. (Siemens AG)
14.3.1. Company overview
14.3.2. Financial performance
14.3.3. Product Benchmarking
14.3.4. Recent initiatives
14.4. Climadi
14.5. Avanti Products
Chapter 15. Wine Cooler Market Cost Analysis
15.1. Wine Cooler Market Key Type Analysis
15.1.1. Key Type
15.1.2. Price Trend of Key Type
15.1.3. Key Suppliers of Type
15.1.4. Market Concentration Rate of Type
15.1.5. Labor Cost
Chapter 16. Sourcing Strategy and Downstream Buyers
16.1. Wine Cooler Market Chain Analysis
16.2. Upstream Type Sourcing
16.3. Wine Cooler Market Major Manufacturers in 2021
16.4. Downstream Buyers
Chapter 17. Marketing Strategy Analysis, Distributors/Traders
17.1. Marketing Channel
17.1.1. Direct Marketing
17.1.2. Indirect Marketing
17.1.3. Marketing Channel Development Trend
17.2. Market Positioning
17.2.1. Pricing Strategy
17.2.2. Brand Strategy
17.2.3. Target Client
17.3. Distributors/Traders List
Chapter 18. Market Effect Factors Analysis
18.1. Technology Progress/Risk
18.1.1. Substitutes Threat
18.1.2. Technology Progress in Related Type
18.2. Consumer Needs/Customer Preference Change
18.3. Economic/Political Environmental Change
Chapter 19. Future Outlook of the Market
Disclaimer 
List of Figures
1. Market segmentation
2. Value chain analysis
3. Porter’s Five Forces’ analysis
4. Power of Suppliers
5. Power of Buyers
6. Threat of New Entrants
7. Threat of Substitute
8. Competitive Rivalry
9. Global Wine Cooler Market share, By Product Types, 2020 & 2027 (%)
10. Global Wine Cooler Market share, by Free-standing, By Product Types, 2015 - 2027 (USD Million)
11. Global Wine Cooler Market share, by Countertop, By Product Types, 2015 - 2027 (USD Million)
12. Global Wine Cooler Market share, by Built-in, By Product Types, 2015 - 2027 (USD Million)
13. Global Wine Cooler Market share, By Application, 2020 & 2027 (%)
14. Global Wine Cooler Market share, by Residential, By Application, 2015 - 2027 (USD Million)
15. Global Wine Cooler Market share, by Commercial, By Application 2015 - 2027 (USD Million)
16. Global Wine Cooler Market share, by region, 2020 & 2027 (%)
17. Global Wine Cooler Market share, by region, 2015 - 2027(USD Million)
18. North America Wine Cooler Market, 2015 - 2027(USD Million)
19. North America Wine Cooler Market share, by Countries, 2020 & 2027 (%)
20. U.S. Wine Cooler Market, 2015 - 2027(USD Million)
21. Canada Wine Cooler Market, 2015 - 2027(USD Million)
22. Mexico Wine Cooler Market, 2015 - 2027(USD Million)
23. Europe Wine Cooler Market, 2015 - 2027(USD Million)
24. Europe Wine Cooler Market share, by Countries, 2020 & 2027 (%)
25. Spain Wine Cooler Market, 2015 - 2027(USD Million)
26. UK Wine Cooler Market, 2015 - 2027(USD Million)
27. Italy Wine Cooler Market, 2015 - 2027(USD Million)
28. Germany Wine Cooler Market, 2015 - 2027(USD Million)
29. France Wine Cooler Market, 2015 - 2027(USD Million)
30. Rest of Europe Wine Cooler Market, 2015 - 2027(USD Million)
31. Asia-Pacific Wine Cooler Market, 2015 - 2027(USD Million)
32. Asia-Pacific Wine Cooler Market share, by Countries, 2020 & 2027 (%)
33. China Wine Cooler Market, 2015 - 2027(USD Million)
34. India Wine Cooler Market, 2015 - 2027(USD Million)
35. Australia Wine Cooler Market, 2015 - 2027(USD Million)
36. Japan Wine Cooler Market, 2015 - 2027(USD Million)
37. Rest of Asia-Pacific Wine Cooler Market, 2015 - 2027(USD Million)
38. Middle East & Africa Wine Cooler Market, 2015 - 2027(USD Million)
39. Middle East & Africa Wine Cooler Market share, by Countries, 2020 & 2027 (%)
40. GCC Wine Cooler Market, 2015 - 2027(USD Million)
41. South Africa Wine Cooler Market, 2015 - 2027(USD Million)
42. Rest Of Middle East & Africa Wine Cooler Market, 2015 - 2027(USD Million)
43. South America Wine Cooler Market, 2015 - 2027(USD Million)
44. Brazil Wine Cooler Market, 2015 - 2027(USD Million)
45. Mexico Wine Cooler Market, 2015 - 2027(USD Million)
46. Argentina Wine Cooler Market, 2015 - 2027(USD Million)
47. Rest Of South America Wine Cooler Market, 2015 - 2027(USD Million)

List of Tables

1. Impact of Market drivers
2. Impact of Market restraints
3. Global Wine Cooler Market, 2015-2027 (USD Million)
4. Wine Cooler requirement, by country, 2015-2027, (USD Million)
5. North America Wine Cooler Market, By Product Types, 2015-2027 (USD Million)
6. North America Wine Cooler Market, By Application, 2015-2027 (USD Million)
7. Europe Wine Cooler Market, By Product Types, 2015-2027 (USD Million)
8. Europe Wine Cooler Market, By Application, 2015-2027 (USD Million)
9. Asia Pacific Wine Cooler Market, By Product Types, 2015-2027 (USD Million)
10. Asia Pacific Wine Cooler Market, By Application, 2015-2027 (Revenue, USD Million)
11. Middle East & Africa Wine Cooler Market, By Product Types, 2015-2027 (USD Million)
12. Middle East & Africa Wine Cooler Market, By Application, 2015-2027 (USD Million)
13. South America Wine Cooler Market, By Product Types, 2015-2027 (USD Million)
14. South America Wine Cooler Market, By Application, 2015-2027 (USD Million)
15. Global Wine Cooler Market, Company Market Share, 2020 - 2027 (%)
16. Haier: Product Benchmarking
17. Haier: Financial Performance
18. LG Electronics: Product Benchmarking
19. LG Electronics: Financial Performance
20. BSH Home Appliances Group. (Siemens AG): Product Benchmarking
21. BSH Home Appliances Group. (Siemens AG): Financial Performance
22. Climadi: Product Benchmarking
23. Climadi: Financial Performance
24. Avanti Products: Product Benchmarking
25. Avanti Products: Financial Performance

The Leading Key Players in Wine Cooler Market

Haier
LG Electronics
BSH Home Appliances Group. (Siemens AG)
Climadi
Shenzhen VRBON Electrical Appliance Co. Ltd.
Allavino
Avanti Products
Electrolux
Donlert Electrical Co. Ltd
EuroCave Group.