Europe Wine Coolers Market Size
| Study Period | 2020-2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 0.89 Billion |
| Market Size (2029) | USD 1.16 Billion |
| CAGR (2024 - 2029) | 5.41 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Europe Wine Coolers Market Analysis
The Europe Wine Coolers Market size is estimated at USD 0.89 billion in 2024, and is expected to reach USD 1.16 billion by 2029, growing at a CAGR of 5.41% during the forecast period (2024-2029).
Per capita, wine consumption in Europe observed a continuous increase after a declining trend post-COVID-19; this rise in consumption of wine generated a positive externality for the sales of wine coolers. Rising users of hotels in Europe post covid are leading to an increasing consumption of wine by tourists and an opportunistic market for Wine cooler sales in the commercial segments.
The post-COVID-19 average revenue per capita and total revenue of wine in Europe observed a continuous increase, with the rising share in out-of-home consumption leading to the commercial segment emerging as a major demand segment for wine coolers over the coming period in comparison to residential space.
With technological innovations launch of smart coolers in the market is revolutionizing the wine cooler industry. Through smart features of wi-fi connectivity, the wine coolers can be accessed through smartphones and can be used for setting the temperature or checking the stock and storage of wine in the cooler. The rising number of online retailers and e-commerce players are offering wine coolers as their sales product, resulting in the diversification of sales channels and an increasing market revenue for manufacturers. In addition, the rising share of urbanization in Europe, existing with increasing per capita income and wine consumption, is resulting in residential and commercial segments increasing their demand for wine coolers.
Europe Wine Coolers Market Trends
Rising Sales in Commercial segment
The revenue share of wine had observed a continuous increase with a declining revenue share from the residential segment. This is leading to the commercial segments raising the market demand for wine coolers. In the total revenue of Europe, alcoholic drinks wine exists with a major share of around 40%, making wine coolers an important component of the market. Bologna, Prague, Valencia, and Leeds are among some of the existing cities in the European region with the largest number of bars per million population, making them the leading cities in the region for the demand for wine coolers by commercial segment. Southern Europe exists as a significantly larger market for wine coolers in comparison to Northern Europe, and with expanding hotels and tourism business post-COVID-19, the demand is expected to increase further in the region.
France Leading in Sales of Wine Cooler
France exists as the European country with the largest consumption of wine making it the fastest-growing country for sales of wine coolers in the region. In the beverage segment of France, alcoholic drinks have a share of around 50% in sales, with a continuous rise in the population consuming alcohol in the country. Among the alcoholic drinks in France, wine exists with a share of around 55% with a sales revenue making it a leading country for sales of wine coolers in the region. These trends are leading to an increasing number of wine cooler manufacturer expanding their sales and business in the region. Rising urbanization in France, existing at more than 80%, is leading to an increase in wine consumption in the commercial as well as residential segments and creating a positive externality for sales of wine coolers in France.
Europe Wine Coolers Industry Overview
Europe's wine coolers market is partially fragmented, with a rising number of players entering the market to reap the existing market gap. Smart features of wi-fi technology and the availability of different sizes are leading to their adoption in the commercial as well as residential segments. Some of the existing players europe wine cooler market are Climadiff, Dunavox, Smad, Haier, and Hisense.
Europe Wine Coolers Market Leaders
-
Climadiff
-
Dunavox
-
Smad
-
Haier
-
Hisense
*Disclaimer: Major Players sorted in no particular order
Europe Wine Coolers Market News
- August 2022: Samsung Electronics launched its bespoke product lineup in Europe. In its kitchen segment, it consists of one-door refrigeration, which comes in a fridge, freezer, and wine fridge.
- May 2023: ASKO launched its under-counter wine climate cabinet in the United Kingdom. The wine cooler has sufficient space for wine collection with a storage capacity of up to 38 bottles and is designed to keep the humidity at a level of around 70%.
Europe Wine Coolers Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions and Market Definition
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS AND INSIGHTS
- 4.1 Market Overview
-
4.2 Market Drivers
- 4.2.1 Rising Consumption of Wine in Europe
- 4.2.2 Increasing Spending on Wine Coolers by Urban Population
-
4.3 Market Restraints
- 4.3.1 Rising Price of Home Appliances in Europe
- 4.3.2 Major Market Share of Market Restricted to Urban Cities
-
4.4 Market Opportunities
- 4.4.1 Increasing demand for Customized and Wi-Fi Enabled Wine Coolers
-
4.5 Industry Attractiveness - Porter's Five Forces Analysis
- 4.5.1 Bargaining Power of Suppliers
- 4.5.2 Bargaining Power of Buyers
- 4.5.3 Threat of New Entrants
- 4.5.4 Threat of Substitutes
- 4.5.5 Intensity of Competitive Rivalry
- 4.6 Technological Innovations in Europe Wine Coolers Market
- 4.7 Impact of COVID-19 on the Market
5. MARKET SEGMENTATION
-
5.1 By Type
- 5.1.1 Free Standing
- 5.1.2 Counter-top
- 5.1.3 Built-in
-
5.2 By Technology
- 5.2.1 Compressor Based
- 5.2.2 Thermoelectric Based
-
5.3 By Distribution Channel
- 5.3.1 Online
- 5.3.2 Offline
-
5.4 By Country
- 5.4.1 Germany
- 5.4.2 France
- 5.4.3 United Kingdom
- 5.4.4 Rest of the Europe
6. COMPETITIVE LANDSCAPE
- 6.1 Market Concentration Overview
-
6.2 Company Profile
- 6.2.1 Climadiff
- 6.2.2 Dunavox
- 6.2.3 Smad
- 6.2.4 Haier
- 6.2.5 Hisense
- 6.2.6 Arte Vino
- 6.2.7 Avintage
- 6.2.8 Dometic
- 6.2.9 Swisscave
- 6.2.10 EXPO*
7. MARKET FUTURE TRENDS
8. DISCLAIMER AND ABOUT US
Europe Wine Coolers Industry Segmentation
A wine cooler is a segment of the refrigerator particularly used for storing wine at different ranges of temperatures and humidity levels, helping to maintain the natural flavor of the wine. They are available in different sizes and capacities as per the needs of the user. Technological innovations and rising online sales are resulting in a continuous expansion of the wine cooler market size.
The study gives a brief description of the European wine coolers market. It includes details on annual sales of wine coolers, technological innovations in products, types of wine coolers, and other details.
Europe's wine coolers market is segmented by type, technology, distribution channel, and country. By type, the market is segmented into free-standing, counter-top, and built-in. By technology, the market is segmented into compressor-based and thermoelectric-based. By distribution channel, the market is segmented into online and offline. By country, the market is segmented into Germany, France, the United Kingdom, Italy, and the rest of Europe. The report also covers the market sizes and forecasts for the European wine coolers market.
For each segment, the market size is provided in terms of value (USD).
| By Type | Free Standing |
| Counter-top | |
| Built-in | |
| By Technology | Compressor Based |
| Thermoelectric Based | |
| By Distribution Channel | Online |
| Offline | |
| By Country | Germany |
| France | |
| United Kingdom | |
| Rest of the Europe |
Europe Wine Coolers Market Research FAQs
How big is the Europe Wine Coolers Market?
The Europe Wine Coolers Market size is expected to reach USD 0.89 billion in 2024 and grow at a CAGR of 5.41% to reach USD 1.16 billion by 2029.
What is the current Europe Wine Coolers Market size?
In 2024, the Europe Wine Coolers Market size is expected to reach USD 0.89 billion.
Who are the key players in Europe Wine Coolers Market?
Climadiff, Dunavox, Smad, Haier and Hisense are the major companies operating in the Europe Wine Coolers Market.
What years does this Europe Wine Coolers Market cover, and what was the market size in 2023?
In 2023, the Europe Wine Coolers Market size was estimated at USD 0.84 billion. The report covers the Europe Wine Coolers Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the Europe Wine Coolers Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Europe Wine Coolers Industry Report
Statistics for the 2024 Europe Wine Coolers market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Europe Wine Coolers analysis includes a market forecast outlook to for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
