The global Electric Corkscrew research report 2028, as published by Data bridge Market Research, provides insights into the current global outlook and key regions, examining Major Players, Countries, Product Types, and end industries. It focuses on top players in the global market and categorizes the market based on several parameters.
This Electric Corkscrew market research report identifies the competitive landscape of industries, offering a comprehensive understanding of international competition. The study outlines the anticipated growth of the global market during forecast period. Compiled with a blend of static and dynamic perspectives, this research report captures the essence of the businesses views.
The electric corkscrew market will reach at an estimated value of USD 925.92 million by 2028 and grow at a rate of 6.72% for the forecast period of 2021 to 2028.
Top Companies in the Global Electric Corkscrew Market:
Fante’s Kitchen Shop, Le Creuset, Lifetime Brands, Inc., Pulltaps, Sunbeam Products, Inc., True Brands, Vinturi, Wine Enthusiast Companies, Wining Taylors, LLC, Krome Dispense Private Limited, Aakrati Brassware, among others.
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Market Segmentation:
The electric corkscrew market is segmented on the basis of material and sales channel. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of material, the electric corkscrew market is segmented into stainless steel, wood and plastic.
- The electric corkscrew market is also segmented on the basis of sales channel into supermarkets/ hypermarkets, convenience stores, online retailers, specialty stores and other sales channels.
Geographically, the detailed analysis of consumption, revenue, market share, and growth rate of the following regions:
– Middle East and Africa (South Africa, Saudi Arabia, UAE, Israel, Egypt, etc.)
– North America (United States, Mexico & Canada)
– South America (Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, etc.)
– Europe (Turkey, Spain, Turkey, Netherlands Denmark, Belgium, Switzerland, Germany, Russia UK, Italy, France, etc.)
– Asia-Pacific (Taiwan, Hong Kong, Singapore, Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia).
Europe dominates the electric corkscrew market due to rising wine consuming population, rise in the disposable income and increase in the demand from drinking beverages in this region.
The country section of the electric corkscrew market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
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Corkscrew is defined as an indispensable companion for very wine lover, or by large an alcohol lover. A sealed bottle can be easily opened using an integrated foil cutter. Electric wine openers are made up of stainless steel, that is durable and rust-resistant, and as a product of technology, it helps in improving the reliability quotient and also does not demand strength for opening the cork.
Increase in the lifestyle is a vital factor responsible for the upliftment of the market growth, also rise in the adoption of wine craft, increase in the consumption of wine, rise in the disposable income, increase in the demand from drinking beverages and rise in the research and development activities in the market are some of the prime factors among others driving the electric corkscrew market. Moreover, rise in the luxury wine experience restaurants, rise in the demand from emerging economies and rise in the enhancement in production techniques will further create new opportunities for electric corkscrew market the in the forecast period mentioned above.
However, declining use of corks is the major factors among others which will obstruct the market growth, and will further challenge the growth of electric corkscrew market in the forecast period mentioned above.
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