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Global Wine Cabinets Market Inclinations & Development Status Highlighted: 2017-2026
The global market for wine cabinets will exhibit a CAGR of nearly 5%, in terms of volume, during the forecast period, 2017 to 2026.


Fact.MR
BriefingWire.com, 1/14/2019 - FactMR has published a new research report titled “Global Wine Cabinets Market Inclinations & Development Status Highlighted for the Forecast Period between 2018 and 2026” to its online database that tries to unveil the various scenarios prevailing in the Wine Cabinets Market. This assessment delivers a smart compilation of primary and secondary data which provides a clear insight about the future plans expected to impact the global wine cabinets market trends. This study comprises of prominent data which makes it a beneficial source for investors, analysts and industry experts to acquire necessary knowledge associated to the fundamental market trends, opportunities and growth drivers during 2017-2026.

Request Here for Free Sample of Global Market Research Report Now - www.factmr.com/connectus/sample?flag=S&rep_id=406

Wine cabinets are containers specially designed for storing wine bottles. Well-built wine cabinets serve as both efficient storage solutions and fine furniture. These cabinets comply with ideal wine storage conditions such as low vibration, ideal humidity and steady temperature, enabling the wine to age with perfection. Various types of wine cabinets currently available in the market include free-standing cabinets, Built-in cabinets, walk-in cellars, and integrated under counter cabinets.

Ornate wine rooms with cabinets and wall displays are becoming a must-have luxury for several wealthy wine collectors as well as enthusiasts. In a bid to cater these demands, many companies are offering bespoke designs & installation services and are reporting strong sales. With growing consumer interest in entertaining their guests at home, along with wider variety of wine witnessing a surge in momentum among the global population, wine cabinets are witnessing a rise in demand since the past few years.

In addition, combination cabinets are gaining huge traction in the market, and consumers are willing to spend more for combination products, which provide multi-storage & temperature facilities. Increasing number of fine wine lovers have become eager in portraying their collection of the most-prized wine bottles through commissioning luxurious wine cabinets. According to a new research study by FactMR, the global market for wine cabinets will exhibit a CAGR of nearly 5%, in terms of volume, during the forecast period, 2017 to 2026. Revenues from sales of wine cabinets around the world are estimated to surpass US$ 5,500 Mn by 2026-end.

North American consumers are shifting toward high-quality, premium wines, underpinned by growing intelligence on products that is fuelled by in-store tastings, international media, and wine clubs. With growing wine consumption demand for wine cabinets will also witness a rise in the region.

Browse Market Report with TOC Here - www.factmr.com/report/406/wine-cabinets-market

North America will continue to be the largest market for wine cabinets, in terms of value and volume, followed by Asia-Pacific excluding Japan (APEJ). However, the market in APEJ will register the fastest expansion through 2026. Free standing wine cabinets are gaining immense traction among consumers globally, and they are willing to pay premium for these cabinets owing to their advanced offerings related to temperature and storage.

 
 
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