The global demand for Corkscrew Market is presumed to reach the valuation of nearly USD XX MN by 2026 from USD XX MN in 2019 with a CAGR of XX% under the study period of 2020 - 2026.
A corkscrew is a tool used to remove corks especially from wine bottles and other household bottles sealed with a cork. The tool assembly consists of a metal rod that is twisted called the helix or a worm and a handle. The cork is screwed open by the twisted metal rod which is pushed into the cork and pulled out along with the cork. These corkscrews come in a variety of innovative designs for safe removal of the cork and no damage to the user. Electric corkscrews with automated functions and an inbuilt start-up motor are available in the market.
Rapid urbanisation and an increase in the number of wine drinkers will be the main drivers for the corkscrew market. Increased investments in the hospitality sector and rise in the number of wine connoisseurs will further propel the market growth. The growing popularity of wine among the middle-class women due to its health benefits will be a market booster. Changing lifestyles and a corkscrew considered an essential kitchen tool will augment the growth of this market. The COVID-19 pandemic will have a negative impact on the market since the lockdown and social distancing has badly hit the hospitality sector. The main challenge faced by this market is the limited adoption of corks for bottle closure compared to caps.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of corkscrew.
The entire corkscrew market has been sub-categorized into types and applications. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
- Basic Corkscrew
- Wing Corkscrew
- Lever Corkscrew
- Mounted Corkscrew
- Wine Bottles
- Beer Bottles
- Other Bottles
This section covers regional segmentation which accentuates on current and future demand for corkscrew market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global Corkscrew Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the corkscrew market include Pulltaps, OXO, Campagnolo, Ikea, Marks and Spencer, Brabantia, Hahn, Vacu Vin, Boelter Brands, Cork Pops, Others. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
This market research report has been produced by gathering information on the basis of primary and secondary research. Secondary research has been done by using various sources which include (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications.
If specific information is required which is not currently within the scope of the report, it can be provided as a part of customization.