The global wine refrigerator market is anticipated to grow at a significant CAGR of 4.7% during the forecast period (2022-2028). The global wine refrigerator market is growing due to the increasing number of wine consumers globally. According to the World Wine Report, an estimation of 234 million hectolitres of wine was consumed globally in 2020. The increasing advancement in refrigeration technology is generating new opportunities for market growth. The growing disposable income globally and rising usage of wine as an essential beverage in social events are further boosting the growth of the market. The increasing product visibility along with cost-effective cooling and easy portability is also fueling the growth of the market. Additionally, the increasing investment by the major market players for the research and development to improve the features and develop advanced technology in the wine refrigerator to increase the shelf life of the wine is further boosting the growth of the global wine refrigerator market in the forecast period.
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The North American region is anticipated to hold the major share in the global wine refrigerator market. This is due to the presence of the maximum wine consumers in this region. According to the BKWine AB, around 22.8 million hectolitres of wine were produced in the US in 2020.
The market players are also contributing significantly to the growth of the market by the adoption of various strategies including mergers and acquisitions, geographical expansion, partnerships, collaborations, and new launches, to stay competitive in the market. For instance, in June 2020, Fisher & Paykel Appliances Ltd. announced the launch of their Integrated Wine Column in the North American market.
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Market Coverage
- The market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered-
- By Type
- By End-user
- Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Competitive Landscape – Shenzhen VRBON Electrical Appliance Co., Ltd., Haier Inc., AvantiProducts, LG Electronics, BSH Home Appliances Group, and Allavino Wine Refrigerators, among others.
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Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How has COVID-19 impacted the market?
- Deviation from the pre-COVID-19 forecast
- Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Wine Refrigerator Market Report by Segment
By Type
- Small Countertop Refrigerators
- Medium-Size Wine Refrigerator
- Large Wine Refrigerators
- Compressor Wine Coolers
By End-user
- Specialty Store
- DIY
- Online Shopping
- Others
Global Wine Refrigerator Market Report by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East & Africa
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