According to the recent study the smart wine cellar market is projected to reach an estimated $XX billion by 2028 from $XX billion in 2023, at a CAGR of 7% to 9% from 2023 to 2028. Growth in this market is primarily driven by increasing usage of customized smart wine cellars in commercial space, growing popularity of programmable and innovative solutions of wine-based appliances, and increasing sale of smart wine cellars through ecommerce platforms.
Browse XX figures / charts and XX tables in this 150 -page report to understand trends, opportunities and forecast in smart wine cellar market by capacity (up to 500 bottles, up to 1,000 bottles, up to 1,500 bottles, and more than 1,500 bottles), distribution channel (online and offline), application (residential and commercial), and region (North America, Europe, Asia Pacific, and the Rest of the World).
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“Online market is expected to remain the largest segment during the forecast period.”
Based on distribution channel, the smart wine cellar market is segmented into online and offline. Lucintel forecasts that the online market is expected to remain the largest segment due to the increasing online sales of smart wine cellars for coupons for new customers and discounts on online orders for existing club members.
“Within the smart wine cellar market, the commercial segment is expected to remain the largest application”
Based on application the commercial segment is expected to witness the highest growth over the forecast period due to the growing usage of smart wine cellar in various commercial spaces, such as bars, pubs, restaurants, hotels, and cafes.
“North America will dominate the smart wine cellar market in near future”
North America will remain the largest region due to the presence of highly advanced commercial sector and existence of key manufacturers in the region.
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Major players of smart wine cellar market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. Whirlpool Corporation, Electrolux AB, Haier, Liebherr-International AG, Dometic Group, BSH Home Appliances Corporation, and Middleby Corporation are among the major smart wine cellar providers.
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