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Wine Cellar Market Size

Report ID: GMI7338
Published Date: Nov 2023
Report Format: PDF

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Wine Cellar Market Size

Wine Cellar Market size was valued at around USD 2.64 billion in 2022 and is estimated to reach USD 3.67 billion by 2032 attributed to the increasing consumption of wine, requirement of wine bottle handling cabinets, expansion of wineries, and distributors found wine cellar to be feasible for storage and maintaining wine bottles for longer duration.

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A wine cellar is a kind of storage facility that helps to maintain it in an optimal condition. Wine cellars can be found in homes, restaurants, hotels, wineries, and other places where wine is appreciated and consumed. Wine cellars can vary in size, design, and function, depending on the needs and preferences of the owner.

Wine Cellar Market Report Attributes
Report Attribute	Details
Base Year:	2022
Wine Cellar Market Size in 2022:	USD 2.64 Billion
Forecast Period:	2023 to 2032
Forecast Period 2023 to 2032 CAGR:	3.4%
2032 Value Projection:	USD 3.67 Billion
Historical Data for:	2018 to 2022
No. of Pages:	150
Tables, Charts & Figures:	94
Segments covered:	Type, Capacity, and Application
Growth Drivers:	Rising consumption of wine Wine cellar helps to showcase the wine bottle collection Increasing dependency on wine cellar for wine bottle storage
Pitfalls & Challenges:	Presence of several alternative option for storage of wine bottles

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The wine cellar is gaining demand by several wine producers, distributors, and consumers as it provides rooms or spaces to store wine bottles in optimal conditions to improve their quality and taste. Growing adoption of smart wine cellar that operates through several advanced technology, smart sensors, and AI technology is accelerating the expansion of wine cellar in next few years.

Authors: Kiran Pulidindi , Kunal Ahuja

Frequently Asked Questions (FAQ) :

Global market for wine cellar was valued at around USD 2.64 billion in 2022 and is estimated to reach USD 3.67 billion by 2032, attributed to the increasing consumption of wine, requirement of wine bottle handling cabinets, and expansion of wineries.

The commercial application is poised to generate revenues by 2032, as the upswing in the investment of by pubs, bars, clubs, café, hotel & restaurants, and wine promotional festival is boosting the demand for wine cellar.

Asia-Pacific market has witnessed significant growth due to rising disposable incomes, changing alcohol consumption patterns, and an increasing focus on aesthetics aspects that significantly helps in enhancing the appearance and functionality of the interior spaces of a premises.

BSH Home Appliances Corporation, Cellar Solutions Inc., Climadiff SA, Dometic Group, Electrolux AB, EuroCave SAS, Haier Inc., KitchenAid-Whirlpool Corporation, La Sommelière, Liebherr-International AG, Middleby Corporation, and Viking Range Corporation.