US Bottle Openers Market Insights Forecasts to 2032
- The US Bottle Openers Market Size was valued at USD XX Billion in 2022.
- The Market Size is Growing at a CAGR of XX% from 2022 to 2032.
- The US Bottle Openers Market Size is Expected To Reach XX Billion by 2032.
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The US Bottle Openers Market Size is Expected to reach USD XX Billion by 2032, at a CAGR of XX% during the forecast period 2022 to 2032.
A bottle opener is an instrument used to remove metal bottle caps from glass bottles. Corkscrews are usually included in openers for removing cork or material stoppers from wine bottles. With the growth of the hotel and restaurant industries, the demand for bottle openers has increased significantly in recent years. In the United States, demand for bottle openers is evenly distributed across regions. While high-density bar and restaurant areas may have a higher demand for professional-grade bottle openers, suburban and rural areas also contribute to the US market growth in household consumption. Furthermore, the US market for bottle openers is a thriving segment of the beverage accessory industry. The growing popularity of bottled beverages, both alcoholic and non-alcoholic, has increased the demand for convenient and efficient bottle opening tools. Bottle openers come in a variety of styles and sizes, from traditional handheld openers to cutting-edge electric and magnetic options. In addition, online food and beverage shopping stimulates the growth of the necessary equipment required to carry out the process of serving or consuming. The increased online ordering of wines and other beverages created a demand in the household sector for bottle openers such factors are boosting market growth in the US.
This research report categorizes the market for US bottle openers market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the US bottle openers market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segments of the US bottle openers market.
US Bottle Openers Market Report Coverage
|Market Size in 2022:||USD XX Billion|
|Forecast Period 2022-2032 CAGR:||XX%|
|2032 Value Projection:||USD XX Billion|
|Historical Data for:||2018-2021|
|No. of Pages:||200|
|Tables, Charts & Figures:||110|
|Segments covered:||By Type, By Material, By End User, and COVID-19 Impact Analysis.|
|Companies Covered:||Hamilton Beach Brands, Inc., Cuisinart, Barware Gear, OXO International, HiCoup Kitchenware, Wing Corkscrew Co., Kikkerland Design Inc., Trudeau Corporation, Rabbit, Barvivo, and Other Key Vendors.|
|Pitfalls & Challenges:||COVID-19 Empact, Challenge, Future, Growth, & Analysis|
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The growing middle-class population, increase in disposable income, and high investment in the hotel and catering industry are expected to influence the trend of visiting restaurants, bars, cafes, and other similar establishments. To control demand and improve service quality, the food industry employs tools such as a bottle opener to increase working time and reduce waiting time. Moreover, e-commerce provides consumers with the opportunity to research desired products and purchase them based on their preferences. Bottle opener companies should introduce new designs for products that allow consumers to review them, which will help the companies identify the exact market need. Such factors will boost growth in the US.
The bottle opener market is highly competitive, with numerous players vying for market share. In terms of differentiation and pricing strategies, this intense competition presents a challenge for both established and emerging companies such factors are hamper market growth in the US.
- In 2022, the lever shape segment accounted for the largest revenue share over the forecast period.
Based on the type, the US bottle openers market is segmented into t-shape, lever shape, waiter shape and others. Among these, the lever shape segment has the largest revenue share over the forecast period. Lever-shaped bottle openers are multifunctional; consumers can open glass as well as plastic. Due to this, in restaurants and bars, lever-shaped openers are mostly used. It is made of high-quality white gloss stainless steel material and is easy to use. Such factors will boost market growth in the forecast period.
- In 2022, the stainless-steel segment accounted for the largest revenue share over the forecast period.
On the basis of material, the US bottle openers market is segmented into metal, stainless steel, PVC, plastic, silicone and others. Among these, the stainless-steel segment has the largest revenue share over the forecast period. Stainless steel has greater strength, ductility, and malleability than cork, which must be used. Furthermore, stainless steel does not stain, corrode, or rust as easily as ordinary steel, not to mention the cost savings. Also, stainless steel is a one-time purchase; such factors boost growth in the US market.
- In 2022, the households segment is expected to hold the largest share of the US bottle openers market during the forecast period.
Based on the end user, the US bottle openers market is classified into households, hotels restaurants, bars cafes and others. Among these, the household segment is expected to hold the largest share of the US bottle openers market during the forecast period. Consumers are adapting to urban culture after moving from rural areas. This transformation is also having an impact on changes in taste and preferences. Because it is impossible to drink outside, consumers are shifting to drinking at home. Consumers are being forced to shop online due to the implementation of lockdown and their busy schedules.
The report offers the appropriate analysis of the key organizations/companies involved within the US bottle openers market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.
List of Key Companies
- Hamilton Beach Brands, Inc.
- Barware Gear
- OXO International
- HiCoup Kitchenware
- Wing Corkscrew Co.
- Kikkerland Design Inc.
- Trudeau Corporation
Key Target Audience
- Market Players
- Government Authorities
- Consulting and Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
This study forecasts revenue at global, regional, and country levels from 2021 to 2032. Spherical Insights has segmented the US bottle openers market based on the below-mentioned segments:
US Bottle Openers Market, By Type
- Lever Shape
- Waiter Shape
US Bottle Openers Market, By Material
- Stainless Steel
US Bottle Openers Market, By End User
- Hotels Restaurants
- Bars Cafes
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