Wine Cabinets Market: Introduction
A wine cabinet refers to a configuration of racks used for storage and collection of wine bottles. It is also used to provide ideal conditions for in-bottle aging. Wine cabinets are furniture style pieces that are made with glass doors, solid doors, unique handles, finishes, etc. Availability of wine cabinets with advanced humidity control and replaceable cooling units that provide constant and reliable temperature is found to be attractive among users. Currently, wine cabinets with attractive designs are gaining popularity across the globe. This is expected to enhance the sales of these cabinets in the coming years.
Global Wine Cabinets Market: Competition Landscape
Presence of international as well as emerging players in developed as well as developing economies, targeting customers with cost effective, energy efficient, and advanced technology is expected to fuel the demand for wine cabinets in the next few years.
- Major promising manufacturers operating in the wine cabinets market emphasize on quality design and development of innovative cabinets by opting for advanced technologies that offer key advantages in terms of improved wine storage and meeting consumer expectations.
- Emerging players in the market are focused on improving designs and collaborating with manufacturers and retailing channels to develop customized designs of wine cabinets.
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Liebherr Appliances was founded in 1949. It is involved in the manufacture, distribution, and designing of refrigerators and freezers for residential and commercial use. The company operates its business in 12 segments, one of which includes domestic appliances. The company sells cabinets under this segment. The German company promotes itself as one of the key players in the global market for wine cabinets by implementing a customer-centric approach.
Perlick Corporation is a family owned company founded in 1917. It is involved in the business of food and beverage storage and serving solutions. The company provides a wide range of solutions such as bar and beverage systems and brewery fittings. Perlick Corporation is active in the manufacturing of indoor and outdoor under-counter refrigerators, wine reserves, freezers, freezer and refrigerator drawers, ice makers, and beer dispensers. The company emphasizes on continual innovation in products and technologies.
Danby Appliances Inc.
Danby Appliances Inc. was founded in 1947. It manufactures residential and commercial electrical appliances. The company has manufacturing units in countries such as China, Mexico, and the United States. Danby Appliance Inc. provides refrigerators, freezers, air conditioners, dehumidifiers, microwaves, dishwashers, and laundry products.
Key players operating in the global wine cabinets market include Climadiff S.A., EnofrigoSpA., Liebherr Appliances, Perlick Corporation, The EuroCave Group, Sub-Zero Group, Inc., Living Direct, Inc., Avanti Products, Danby Appliances Inc., Wine Cellar Innovations, LLC, Wine Enthusiast Companies, Esigo Srl, and Joseph & Curtis, LLC.
Global Wine Cabinets Market: Dynamics
Rise in popularity of wine cabinets
Wine cabinets are used to store wine bottles for a longer time. Continuous growth in the consumption of wine and increase in the popularity of wine cabinets are expected to drive the global wine cabinets market in the next few years. Increase in the number of wineries that use these cabinets for storage is also a prime reason for the growth of the wine cabinets market. Rise in disposable income of consumers has also increased the sales of wine cabinets. Wine cabinets with advanced technology and innovative designs are gaining popularity among end-users. Furthermore, robust growth in the number of commercial kitchens, and wine suppliers and retailers is expected to fuel the global wine cabinets market during the forecast period.
Presence of alternative solutions for storage of wine
Rapid growth in a wide range of commercial refrigeration equipment for preservation and storage of beverages is an alternative to wine cabinets. Wine coolers at competitive prices and advanced technology is an alternative for users to store wine bottles. Moreover, availability of energy efficient conventional refrigerators can also be a major substitute for wine cabinets. Furthermore, regular wine drinkers still opt for conventional storage practices, which is also one of the restraints of the market. These factors are projected to hinder the global wine cabinets market during the forecast period.
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Global Wine Cabinets Market: Segmentation
Based on type, the global wine cabinets market can be segmented into:
- Non-conditioned Cabinets
- Refrigerated Wine Cabinets
In terms of product type, the global wine cabinets market can be segmented into:
- Table Top/Counter Top
- Built-in (slot in)
- Walk-in Cellars
Based on bottle capacity, the global wine cabinets market can be categorized into:
- Below 70 Bottles
- 71- 150 Bottles
- 151-350 Bottles
- 351-600 Bottles
- Above 600 Bottles
Based on material, the global wine cabinets market can be divided into:
In terms of application, the global wine cabinets market can be divided into:
In terms of distribution channel, the global wine cabinets market can be categorized into:
- Online Channel
- Offline Channel
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