The future of the global tableware market looks promising with opportunities in the glassware, metalware, ceramicware, and fiberware markets. The global tableware market is expected to reach an estimated $69.9 billion by 2030 with a CAGR of 6.0% from 2024 to 2030. The major drivers for this market are economic expansion in developing nations and the creation of aesthetically pleasing dinnerware, rising disposable income, changing lifestyle, and growth of residential development.
Some of the key questions
answered in this exclusive report are:
Q.1. What are some of
the most promising, high-growth opportunities for the tableware market by
product (glassware, ceramicware, metalware, and plastic/fiberware),
distribution channel (online and offline), and region (North America, Europe,
Asia Pacific, and the Rest of the World)?
Q.2. Which segments will
grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and
why?
Q.4. What are the key
factors affecting market dynamics? What are the key challenges and business
risks in this market?
Q.5. What are the
business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market
and the reasons behind them?
Q.7. What are some of
the changing demands of customers in the market?
Q.8. What are the new
developments in the market? Which companies are leading these developments?
Q.9. Who are the major
players in this market? What strategic initiatives are key players pursuing for
business growth?
Q.10. What are some of
the competing products in this market and how big of a threat do they pose for
loss of market share by material or product substitution?
Q.11. What M&A
activity has occurred in the last 5 years and what has its impact been on the
industry?
Market Segmentation:
In this market, online
and offline are the major segments of tableware market by application type.
Lucintel forecasts that offline will remain the largest segment over the
forecast period due to the growing consumer interest in ceramics and concerns
about the handling of fragile goods during delivery. Within this market,
metalware will remain the largest segment due to the popularity of aluminum and
stainless steel for tableware.
Europe is expected to
witness highest growth over the forecast period due to high utilization of
various dinnerware kinds and a rise in the consumer group's purchasing power.
Inter Ikea, Tesco,
Meyer, Cuisinart, Saint-Louis, Mikasa, Raynaud Limoges, Bernardaud, Waterford
Wedgewood, and Puiforcat are the major suppliers in the tableware market.
About
Lucintel
Lucintel, the premier global
management consulting and market research firm, creates winning strategies for
growth. It offers market assessments, competitive analysis, opportunity
analysis, growth
consulting, M&A, and due diligence services to executives and
key decision-makers in a variety of industries.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. 972.636.5056
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