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U.S. Wine Cooler Market to reach USD 504.05 million by 2027.

U.S. Wine Cooler Market Size study, by Product Type (Free-standing, Countertop, Built-in), by Distribution (Supermarket/Hypermarket, Specialty Stores/Homecare Shops, Company-owned Outlets, Online), by Application (Residential, Commercial), and Regional Forecasts 2021-2027

Product Code: ECE-52381454
Publish Date: 6-05-2021
Page: 200

U.S. Wine Cooler Market is valued approximately at USD 326.5 Million in 2020 and is anticipated to grow with a healthy growth rate of more than 6.40% over the forecast period 2021-2027. Wine Coolers are designed for the storage of wine at a required temperature and is made from superior quality of materials which maintain the same temperature as required for the integrity and quality of the wine. The U.S. Wine Cooler market is being driven by increasing demand for efficient wine storage in U.S. and the shift in consumer behavioral patterns. Furthermore, the significant growth in online shopping across all age groups in the U.S., will provide new opportunities for the U.S. Wine Cooler industry. For instance, according to Statistia, the consumption of wine has increased by 27% since 2005, reaching 2.95 gallons per person in 2018. As a result, increased consumption of wine in US will rise the demand of wine storage coolers, which will serve as a catalyst for the U.S. Wine Cooler industry in the future. However, unstable raw material prices and rigorous regulations regarding quality standards and detrimental environmental effects of polystyrene used in wine coolers , may impede market growth over the forecast period of 2021-2027.

Major market player included in this report are:

Haier Group Corporation
LG Electronics Inc
Whirlpool Corporation
Koolatron
Newair
Samsung Electronics Co. Ltd.
EdgeStar
hOmeLabs (hOme)
Allavino
EuroCave
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Product Type:
Free-standing
Countertop
Built-in
By Distribution :
Supermarket/Hypermarket
Specialty Stores/Homecare Shops
Company-owned Outlets
Online
By Application:
Residential
Commercial

By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2018, 2019
Base year – 2020
Forecast period – 2021 to 2027.

Target Audience of the U.S. Wine Cooler Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. U.S. & Segmental Market Estimates & Forecasts, 2019-2027 (USD Miilion)
1.2.1. U.S. Wine Cooler Market , by Region, 2019-2027 (USD Miilion)
1.2.2. U.S. Wine Cooler Market , by Product Type, 2019-2027 (USD Miilion)
1.2.3. U.S. Wine Cooler Market , by Distribution , 2019-2027 (USD Miilion)
1.2.4. U.S. Wine Cooler Market , by Application, 2019-2027 (USD Miilion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. U.S. . Wine Cooler Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. U.S. . Wine Cooler Market Dynamics
3.1. U.S. Wine Cooler Market Impact Analysis (2019-2027)
3.1.1. Market Drivers
3.1.1.1. Increase demand for efficient wine storage
3.1.1.2. Shifting consumer behavioural patterns
3.1.2. Market Restraint
3.1.2.1. Detrimental environmental effects of polystyrene used in wine coolers
3.1.3. Market Opportunities
3.1.3.1. Significant growth in online shopping across all age groups in the U.S.
Chapter 4. U.S. . Wine Cooler Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2018-2027)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
Chapter 5. U.S. . Wine Cooler Market , by Product Type
5.1. Market Snapshot
5.2. U.S. . Wine Cooler Market by Product Type, Performance – Potential Analysis
5.3. U.S. . Wine Cooler Market Estimates & Forecasts by Product Type 2018-2027 (USD Miilion)
5.4. U.S. Wine Cooler Market , Sub Segment Analysis
5.4.1. Free-standing
5.4.2. Countertop
5.4.3. Built-in
Chapter 6. U.S. . Wine Cooler Market , by Distribution
a. Market Snapshot
6.1. U.S. . Wine Cooler Market by Distribution , Performance – Potential Analysis
6.2. U.S. . Wine Cooler Market Estimates & Forecasts by Distribution 2018-2027 (USD Miilion)
6.3. U.S. Wine Cooler Market , Sub Segment Analysis
6.3.1. Supermarket/Hypermarket
6.3.2. Specialty Stores/Homecare Shops
6.3.3. Company-owned Outlets
6.3.4. Online
Chapter 7. U.S. . Wine Cooler Market , by Application
b. Market Snapshot
7.1. U.S. . Wine Cooler Market by Application, Performance – Potential Analysis
7.2. U.S. . Wine Cooler Market Estimates & Forecasts by Application 2018-2027 (USD Miilion)
7.3. U.S. Wine Cooler Market , Sub Segment Analysis
7.3.1. Residential
7.3.2. Commercial
Chapter 8. U.S. . Wine Cooler Market , Regional Analysis
8.1. U.S. Wine Cooler Market , Regional Market Snapshot
8.2. North America U.S. Wine Cooler Market
8.2.1. U.S. . Wine Cooler Market
8.2.1.1. Product Type breakdown estimates & forecasts, 2018-2027
8.2.1.2. Distribution breakdown estimates & forecasts, 2018-2027
8.2.1.3. Application breakdown estimates & forecasts, 2018-2027
8.2.2. Canada U.S. Wine Cooler Market
8.3. Europe U.S. Wine Cooler Market Snapshot
8.3.1. U.K. U.S. Wine Cooler Market
8.3.2. Germany U.S. Wine Cooler Market
8.3.3. France U.S. Wine Cooler Market
8.3.4. Spain U.S. Wine Cooler Market
8.3.5. Italy U.S. Wine Cooler Market
8.3.6. Rest of Europe U.S. Wine Cooler Market
8.4. Asia-Pacific U.S. Wine Cooler Market Snapshot
8.4.1. China U.S. Wine Cooler Market
8.4.2. India U.S. Wine Cooler Market
8.4.3. Japan U.S. Wine Cooler Market
8.4.4. Australia U.S. Wine Cooler Market
8.4.5. South Korea U.S. Wine Cooler Market
8.4.6. Rest of Asia Pacific U.S. Wine Cooler Market
8.5. Latin America U.S. Wine Cooler Market Snapshot
8.5.1. Brazil U.S. Wine Cooler Market
8.5.2. Mexico U.S. Wine Cooler Market
8.6. Rest of The World U.S. Wine Cooler Market
Chapter 9. Competitive Intelligence
9.1. Top Market Strategies
9.2. Company Profiles
9.2.1. Haier Group Corporation
9.2.1.1. Key Information
9.2.1.2. Overview
9.2.1.3. Financial (Subject to Data Availability)
9.2.1.4. Product Summary
9.2.1.5. Recent Developments
9.2.2. LG Electronics Inc
9.2.3. Whirlpool Corporation
9.2.4. Koolatron
9.2.5. Newair
9.2.6. Samsung Electronics Co. Ltd.
9.2.7. EdgeStar
9.2.8. hOmeLabs (hOme)
9.2.9. Allavino
9.2.10. EuroCave

Chapter 10. Research Process
10.1. Research Process
10.1.1. Data Mining
10.1.2. Analysis
10.1.3. Market Estimation
10.1.4. Validation
10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption

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Critical elements of methodology employed for all our studies include:
Data Collection:
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In addition to primary sources, we extensively utilize secondary sources to enhance our research. These include directories, databases, journals focusing on related industries, company newsletters, and information portals such as Bloomberg, D&B Hoovers, and Factiva. These secondary sources enable us to identify and gather valuable information for our comprehensive, technical, market-oriented, and commercial study of the market. Additionally, we utilize AI algorithms to automate the collection of vast amounts of data from various sources such as surveys, social media platforms, online transactions, and web scraping. And employ Big Data technologies for storage and processing of large datasets, ensuring that no valuable information is missed during the data collection process.
Data Analysis:
Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
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