The Electric Corkscrew Market Report Published by FMI is an in-depth Analysis of the Market Covering its Size, Share, Value, Growth and Current Trends for the Period of 2020-2030. Corkscrew is an indispensable companion for very wine lover, or by large an drink lover. A sealed bottle can be easily opened using an integrated foil cutter. Screw pull-designs, rabbit-designs and various other corkscrews have been ditched for electric corkscrews, the latest addition in the global corkscrew market.
Though wine openers have been an integral part of the industry; with time, the types of corkscrew, and the materials used have evolved constantly. Technology is enveloping every aspect of our life, and so the modern-day technology has impacted the design of corkscrews; bringing electric corkscrews in stiff competition with the regular ones.
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Electric wine openers are made up of stainless steel, which is durable and rust-resistant, and as a product of technology, improves the reliability quotient and also does not demand strength for opening the cork. Apart from durability, electric corkscrew is gaining popularity owing to its convenience, ease of functioning and swiftness.
Global Electric Corkscrew Market: Market Dynamics
Drivers for Electric Corkscrew Market
Technological angle has been thriving across the globe. Higher technology helps make life better by providing more abilities. Electric corkscrew have witnessed a surge in demand owing to the convenience it provides, for instance, using an electric corkscrew dismisses the need for controlling the cork removal or when it is falling apart.
Most importantly, electric corkscrews are extremely easy to use without the pressure of adjusting the direction of cork’s pulling or having the right type of leverage of pulling out the cork. Electric corkscrew accomplishes its job in a blink of a second, moreover, it does not result in cork crumbling, a most probable occurrence in case of regular wine openers.
Trends for Electric Corkscrew Market
Home parties are a regular thing among the Generation Z, triggering the rise in sales of electric corkscrews for efficient flow. In general, relaxed drinking is a habit of a majority of population across the globe, marking the need for corkscrew, electric ones to make it better.
An electric corkscrew holds the potential to open up to 30 bottles on a single charge. With its simple push-button operation, the use of electric corkscrew does not require any hard pushing down or twisting.
Coronavirus pandemic, social distancing, and increased consumption are walking sideways. With closed nightclubs, wine tasteries and pubs, people are increasingly shifting to at-home consumption, driving the demand for wine accessories.
Opportunities for Electric Corkscrew Market
Electric corkscrews are witnessing a positive trajectory amidst the premium gift set category. Courtesy, its compact and ergonomic design, electric corkscrews are becoming more and more popular as gifts for friends or family. Keeping in terms with the gifting purpose, elegant and sleek designs electric corkscrews are being introduced into the global space.
A plethora of electric corkscrews are available in a variety of colors. Moreover, these trendy electric corkscrews provide a beautiful lighting effect while operating. Also, there is a section of legacy corkscrews that are specifically designed with decoration in mind.
Challenges for Electric Corkscrew Market
A major challenge regarding the electric corkscrew is that, as all other electronics, it needs to electric power to function. Additionally, for outdoor preparation the electric corkscrew has to be charged prior. However, a fully charged electric corkscrew functions well for approximately 25-30 bottles before recharging.
Another of its challenge is the product’s life is a notch lesser than a regular quality-built wine opener, also it barley compensates with cost. The electric corkscrews with battery-operated models are costlier. While the vast majority of winged corkscrews and wine keys cost less than $20-$25, the more advanced lever and electric wine openers range $30-$50.
Global Electric Corkscrew Market: Key Players
The key players in the electric corkscrew market are
Peugeot Saveurs, Ozeri, Secura Inc., Oster , Ivation, Houdini , Cuisinart , Sharper Image, Epicureanist, Waring, Honelife, Rabbit.
The electric corkscrew market is gaining competition, however stands dominated by the leading companies. For the new entrants, it is high innovation and supreme quality which might help in cutting through the competition and make a mark in the electric corkscrew industry.
Electric Corkscrew Market: Regional Outlook
Global electric corkscrew market is led by Europe, owing to its widespread trend of having corked wine bottles. The technology adoption rate is higher in US and so people are taking to the possession of electric corkscrews, coupled with a rising wine consuming population is triggering the anticipated market growth over the forecast period.
A similar hike is witnessed in the demand for electric corkscrew market in the Asian countries. Aicok, Oster, Waerator, Naisidier are popular brands in India. The Electric Wine Bottle Opener by Naisidier makes an ideal gift for all wine lovers.
The gift set includes a wine bottle opener, usb charger cable, wine foil cutter, wine pourer, and a vacuum stopper. The product features a blue light that illuminates when the button is clicked, staying until the cork is removed and after which the red light emits.
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Global Electric Corkscrew Market: Market Segmentation
Basis of Material :
- Stainless Steel
- Wood
- Plastic
Sales Channel :
- Supermarkets/ Hypermarkets
- Convenience Stores
- Online Retailers
- Specialty Stores
- Other Sales Channels
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