Wine Cabinets Market Size Worth $ 1,763.90 Million By 2032 | CAGR: 5.5%

The global wine cabinets market size is expected to reach USD 1,763.90 million by 2032, according to a new study by Polaris Market Research. The report “Wine Cabinets Market Share, Size, Trends, Industry Analysis Report, By Product Type (Free Standing, Integrated Under Counter, Built-in, and Walk-in Cellars); By Technology; By Application; By Region; Segment Forecast, 2023 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The market for wine cabinets is on the rise due to an increase in retailers, wine suppliers, and commercial kitchens worldwide, as well as the growing trend of incorporating them as stylish furniture pieces. People's rising income levels, changing lifestyles, preference for innovative technology, and the availability of various cabinet designs contribute to this growth. ASKO recently introduced a new under-counter wine climate cabinet to their collection, which has a sleek and minimalistic design and special features for long-term wine storage to prevent spoilage.

For instance, in May 2023, ASKO, introduced its new undercounter wine climate cabinet to its attractive wine storage collection, which offers a high-quality, sleek, and minimalistic finish. The new cabinets are designed with long-term storage and has so many special features ensuring that you never drink spoiled wine.

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The significant increase in the number of consumers seeking wine cabinets that can be customized to meet their specific needs and preferences, including choosing the size, design, material, and features of the wine cabinet, which allows them to create unique storage solutions that fit seamlessly into their homes or commercial spaces along with the prevalence for sustainable and eco-friendly designs promote proper insulation and reduce the energy consumption, is likely to have a positive impact on the global market.

Some major product manufacturers now feature wine cabinets integrated with wine dispensing systems, allowing them to pour wine directly from the cabinet without opening the bottles. These systems use inert gas preservation methods that help maintain the quality and freshness of the wine after dispensing, leading to higher adoption among commercial settings, including bars and restaurants.

Wine Cabinets Market Report Highlights

• Free standing segment accounted for largest market share in 2022, which is mainly driven by innovations in the capabilities of wine cabinets including rust-free properties and additional storage options
• Electric-based segment is expected to grow at a healthy CAGR during the anticipated period, on account of its numerous features like better humidity control and superior temperature
• Hotels segment held the majority market share in terms of revenue in 2022, mainly due to increased number of hotels adopting wine cabinets in order to enhance the appeal and store wine more decently
• North America region dominated the global market with substantial market share in 2022, owing to growing consumer disposable income and high spending on luxury items like wine cabinets
• The global key market players include Avanti Products, Wine Cellar Innovations, Liebherr, Home Products, EuroCave Company, and Middleby Corporation

Polaris Market Research has segmented the wine cabinets market report based on product type, technology, application, and region:

Wine Cabinets, Product Type Outlook (Revenue - USD Million, 2023 - 2032)

• Free Standing
• Integrated Under Counter
• Built-in
• Walk-in Cellars

Wine Cabinets, Technology Outlook (Revenue - USD Million, 2023 - 2032)

• Compressed-based
• Electric-based

Wine Cabinets, Application Outlook (Revenue - USD Million, 2023 - 2032)

• Residential
• Hotels
• Restaurants
• Wine Retail Stores
• Supermarket
• Others

Wine Cabinets, Regional Outlook (Revenue - USD Million, 2023 - 2032)

• North America

• U.S.
• Canada

• Europe

• Germany
• UK
• France
• Italy
• Spain
• Russia
• Netherlands

• Asia Pacific

• China
• India
• Japan
• South Korea
• Indonesia
• Malaysia

• Latin America

• Argentina
• Brazil
• Mexico

• Middle East & Africa

• UAE
• Saudi Arabia
• Israel
• South Africa

Wine Cabinets Market Report Scope