The electric corkscrew market will increase at a CAGR of 6.72% from 2021 to 2028, reaching an expected value of USD 925.92 million during that time. The study on the electric corkscrew market examines the expansion that has occurred as a consequence of the popularity of corked bottles, which peaked in the 17th century and led to the development of corkscrews.
For any serious wine lover, or anybody who enjoys drinking alcohol in general, a corkscrew is a must-have accessory. An inbuilt foil cutter makes it simple to open a sealed bottle. Electric wine openers are composed of stainless steel, which is strong and rust-resistant. As a technological advancement, it helps to increase dependability and doesn’t require much force to pop the cork.
Among other important factors driving the electric corkscrew market, an increase in lifestyle is a key factor in the market’s expansion. Other important market-driving factors include an increase in the use of winemaking techniques, wine consumption, disposable income, demand for alcoholic beverages, and research and development activities.
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Electric Corkscrew Market Scope and Market Size
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.
Electric Corkscrew Market Country Level Analysis
The countries covered in the electric corkscrew market report are:
U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
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.
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Competitive Landscape and Electric Corkscrew Market Share Analysis
The major players covered in the electric corkscrew market report are:
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 and Aakrati Brassware among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately.
DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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