Commercial Corkscrew Market Revenue was valued at USD 450 Million in 2024 and is estimated to reach USD 650 Million by 2033, growing at a CAGR of 4.5% from 2026 to 2033.
The global Commercial Corkscrew Market was valued at approximately USD 2.1 billion in 2022 and is projected to expand at a compound annual growth rate (CAGR) of 5.8% during the forecast period of 2023 to 2030. This growth is driven by the increasing demand from hospitality and foodservice sectors, particularly in wine bars, restaurants, and hotels, where corkscrews are essential tools. As a result, the market is expected to witness a steady increase in both product demand and innovation across various regions. North America and Europe hold the largest market shares, accounting for over 60% of the total market revenue in 2022, due to the high consumption of wine in these regions, coupled with the presence of a well established hospitality industry.
Regionally, North America is projected to maintain its dominance, with an estimated market share of USD 800 million in 2022, while Europe follows closely behind, accounting for USD 750 million. The Asia Pacific region is experiencing significant growth, with a CAGR of 7.2%, driven by the rising adoption of Western dining culture and an expanding foodservice industry. Latin America and the Middle East & Africa are expected to show steady growth, with regional markets forecasted to reach USD 200 million and USD 100 million, respectively, by the end of the forecast period. Opportunities for growth are plentiful, especially in emerging markets, where increasing wine consumption and evolving dining experiences are anticipated to drive demand for commercial corkscrews.
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Pulltaps
OXO
Campagnolo
Ikea
Marks & Spencer
Brabantia
Hahn
Vacu Vin
Boelter Brands
Cork Pops
Lucky Shot
Kateaspen
Rabbit
Kikkerland
HQY
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Commercial Corkscrew Market
Lever Corkscrew
Waiter's Corkscrew
Winged Corkscrew
Electric Corkscrew
Others
Stainless Steel
Plastic
Wood
Aluminum
Others
Online
Offline
Residential
Commercial
Economy
Mid-Range
Premium
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Commercial Corkscrew Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Commercial Corkscrew Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Commercial Corkscrew Market, By Type
6. Global Commercial Corkscrew Market, By Application
7. Global Commercial Corkscrew Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Commercial Corkscrew Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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