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Electric Corkscrew Market: Introduction

  • Electric corkscrew is a tool used for removing corks from bottles. An electric corkscrew operates with the help of electrical power rather than manual force. Electric corkscrews come in different sizes and adapts to various types of bottles, making it an attractive option as a cork bottle opener. Electric corkscrew eliminates the error of breaking or damaging the bottle and hence its popularity is expected to increase during the forecast period.

Key Drivers and Opportunities of the Global Electric Corkscrew Market

  • Majority of consumers are attracted toward technologically driven products and relate technology with convenience. Factors such as growing consumption of wine, increasing trend of sealing bottles with cork, and the fact that electric corkscrews save consumers from the hassle of opening a cork bottle, are expected to drive the electric corkscrew market during the forecast period.
  • Electric corkscrews can open around 50 bottles in one charge which comes handy during events, in clubs, and other social gatherings. The trend of serving wine at functions is increasing in many countries, which is likely to propel the electric corkscrew market during the forecast period. However, the COVID-19 pandemic has affected the electric corkscrew market from the point of view of restaurants and events. On the other hand, electric corkscrews are widely adopted by residential end-users who are confined to their homes and consume alcohol at home.
  • The issue that the electric corkscrew market might face is the storage and handling of the product. Electric corkscrews are not a small product and require sufficient space. Also, the price of the product is likely to hamper the market growth during the forecast period. Manufacturers operating in this market are coming up with attractive designs and colors to attract consumers. Also, they are showcasing the product as a “gift option” which is expected to increase its adoption in the global market.
  • The rising middle class population, changing lifestyles, adoption of convenient products, changing consumer habits, and increase in disposable income are projected to drive the electric corkscrew market during the forecast period.

Europe to Hold Major Share of the Global Electric Corkscrew Market

  • In terms of region, the electric corkscrew market can be divided into North America, Europe, Asia Pacific, Middle East & Africa and South America.
  • Europe holds the dominant position globally for electric corkscrews. The growing popularity of wine coupled with the convenience of opening a wine bottle is expected to drive the market in Europe during the forecast period. France, Italy, Germany, and the UK are expected to be the leading markets in the region. The market in Europe is likely to be followed by markets in North America and Asia Pacific during the forecast period.

Key Players Operating in the Global Electric Corkscrew Market

  • Balvi Gifts, SL
  • Brabantia Branding B.V.
  • Cuisinart
  • Epicureanist
  • Oster
  • Ozeri
  • Peugeot Saveurs
  • Rabbit

Global Electric Corkscrew Market: Research Scope

Global Electric Corkscrew Market, by Size

  • Up to 20 cm
  • 20 to 30 cm
  • Above 30 cm

Global Electric Corkscrew Market, by Material

  • Stainless steel
  • Wood
  • Others (Plastic, etc.)

Global Electric Corkscrew Market, by Price

  • Low
  • Medium
  • High

Global Electric Corkscrew Market, by Distribution Channel

  • Online
    • E-commerce Websites
    • Company Owned Websites
  • Offline
    • Hypermarket & Supermarket
    • Specialty Stores
    • Other Retail Stores

Global Electric Corkscrew Market, by Region

  • North America
    • U.S.
    • Canada
    • Mexico
    • Rest of North America
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
    • Russia & CIS
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Rest of Asia Pacific
  • South America
    • Brazil
    • Chile
    • Rest of South America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Electric Corkscrew Market

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