The Global Electric Corkscrew Market is expected to rise at annual rate 6.72% in the forecast period of 2021 to 2028, and is estimated to reach the value of USD 925.92 million by 2028 due to the adoption of wine craft.
On the other hand, declining use of corks is expected to obstruct the market growth in the above mentioned forecast period, and will further challenge the electric corkscrew market.
According to Data Bridge Market Research the markets for the electric corkscrew market is escalating due to the increase in the consumption of wine and rise in the demand from drinking beverages. Additionally, rise in the luxury wine experience restaurants and surge in the demand from emerging economies positively affect the electric corkscrew market.
Furthermore, rise in the research and development activities and rise in the enhancement in production techniques extend profitable opportunities to the market players.
Now the question is which are the other regions that electric corkscrew market is targeting? Data Bridge Market Research has estimated Asia-Pacific is expected to witness significant growth in the forecast period of 2021 to 2028 owning to the rise in wine consumption in the region.
For more analysis on the electric corkscrew market, request for a briefing with our analysts, https://www.databridgemarketresearch.com/speak-to-analyst/?dbmr=global-electric-corkscrew-market
The electric corkscrew market is segmented on the basis of countries into U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
To know more about the study, please click on the below mentioned link, https://www.databridgemarketresearch.com/reports/global-electric-corkscrew-market
Key Market Competitors Covered in the report
Above are the key players covered in the report, to know about more and exhaustive list of electric corkscrew companies contact, https://www.databridgemarketresearch.com/toc/?dbmr=global-electric-corkscrew-market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Browse in FMCG Category Related Reports@ https://www.databridgemarketresearch.com/report-category/fmcg
Global Electric Corkscrew Market – Industry Trends and Forecast to 2028