Global Tableware Strategic Business Report 2023: Expanding Hospitality Industry Boosts Tableware Sales


Dublin, Feb. 23, 2023 (GLOBE NEWSWIRE) -- The "Tableware: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.

The global market for Tableware estimated at US$40.5 Billion in the year 2022, is projected to reach a revised size of US$63.7 Billion by 2030, growing at a CAGR of 5.8% over the analysis period 2022-2030.

Metalware, one of the segments analyzed in the report, is projected to record a 5% CAGR and reach US$18.6 Billion by the end of the analysis period.

Taking into account the ongoing post pandemic recovery, growth in the Ceramicware segment is readjusted to a revised 6.7% CAGR for the next 8-year period.

The U.S. Market is Estimated at $6.2 Billion, While China is Forecast to Grow at 8.3% CAGR

The Tableware market in the U.S. is estimated at US$6.2 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$13.5 Billion by the year 2030 trailing a CAGR of 8.3% over the analysis period 2022 to 2030.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.3% and 5% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 4.8% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$7.9 Billion by the year 2030.

Select Competitors (Total 286 Featured) -

  • Abert SpA
  • Anhui Deli Household Glass Co., Ltd.
  • ARC International SA
  • Belleek Pottery Ltd.
  • Capdeco SARL
  • Churchill China Plc
  • Crystalex CZ, s.r.o.
  • Dankotuwa Porcelain PLC
  • Fiskars OyjAbp
  • IKEA A/S
  • La TavolaS.r.l.
  • LaOpala RG Limited
  • Lenox Corporation
  • Libbey Inc.
  • Lifetime Brands, Inc.
  • Noritake Co., Ltd.
  • Ocean Glass Public Company Limited
  • OrreforsKostaBoda AB
  • Porcel S.A.
  • Portmeirion Group PLC
  • RAK Porcelain
  • Rosenthal GmbH
  • Royal Porcelain Public Co. Ltd.
  • Steelite International Plc
  • Stolzle-Oberglas GmbH
  • The Denby Pottery Company Limited
  • The Oneida Group, Inc.
  • Villeroy&Boch AG
  • WMF Group GmbH

What`s New for 2023?

  • Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
  • Global competitiveness and key competitor percentage market shares
  • Market presence across multiple geographies - Strong/Active/Niche/Trivial
  • Online interactive peer-to-peer collaborative bespoke updates
  • Access to digital archives and Research Platform
  • Complimentary updates for one year

Report Metrics

Report AttributeDetails
No. of Pages932
Forecast Period2022 - 2030
Estimated Market Value (USD) in 2022$40.5 Billion
Forecasted Market Value (USD) by 2030$63.7 Billion
Compound Annual Growth Rate5.8%
Regions CoveredGlobal

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

  • Impact of COVID-19 Pandemic and Looming Global Recession
  • Year 2021 in Review and Near-term Outlook
  • Prolonged Pandemic, Ukraine-Russia Conflict and Ensuing Economic Disruptions Impact Growth Outlook
  • E-commerce Observes Stable Growth; At-home Consumption Products Find Favor Amid Logistic Issues
  • COVID-19 Outbreak Lays Ground for New Market Trends
  • Stores Adopt Bot-enabled Apps for Ideal Shopping Time Details
  • Retailers Offer Contactless Shopping Experiences with Touchless Checkout
  • Retailer Focus Moves to Sustainability, Green Branding
  • Competitive Scenario
  • Key Competitive Traits and Noteworthy Trends
  • Competitive Market Presence - Strong/Active/Niche/Trivial for 191 Players Worldwide in 2022 (E)
  • Tableware: Blending Versatile and Beautiful Styles with Functionality, Durability and Performance
  • Factors Driving Global Demand for Tableware
  • Global Market Prospects & Outlook
  • Rising Standards of Living Favors Aspirational Consumption of Branded Products
  • Regional Analysis
  • Tableware: A Prelude
  • Dinnerware
  • Flatware
  • Glassware/Crystalware
  • Recent Market Activity
  • Select Global Brands

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

  • Ongoing Economic Resurgence to Fuel Demand for Tableware
  • Modern Tableware Design: Latest Trends
  • Use of Tableware in Different Color Patterns Witnesses a Significant Surge
  • New Technology to Revive Decorative Tableware Designs
  • Brightest White Constellation Dinnerware
  • Shift in Preference from White to Various Colors, Shapes, and Textures: A Strong Growth Driver
  • Novel Dinnerware, Premium Glassware and Teaware Collection Launched in the Recent Past
  • Latest Cutlery Trends
  • High-End Tableware Customers Largely Brand Oriented
  • Expanding Hospitality Industry Boosts Tableware Sales
  • Tableware Manufacturers to Benefit
  • The Eating-Out Trend and Expansion of the Fast Food Sector Drive Demand for Disposable Tableware
  • Resilient Healthcare Sector Extends Potential Opportunities
  • Positive Outlook for the Global Construction Industry Benefits Market Demand
  • Rise of Digital Technologies Drive Online Sales of Tableware
  • AI-enabled Logistics, Merchandising Solutions Win Big as Consumers Shift to Online Buying
  • Growing Role of Internet and Social Media in Decision Making
  • E-Commerce to Lend Growth Momentum to Tableware Market
  • Inventive Trends in Retail Industry
  • Growing Demand for Multifunctional Tableware from Space-Conscious Millennials Drive Healthy Market Growth
  • Favorable Economic and Demographic Trends Strengthen Market Prospects
  • Ballooning Global Population
  • Generation X: Potential Growth Target
  • Exponential Increase in Urbanization
  • Transition in Family Systems
  • Rise in Wealthy Population
  • Expanding Middle Class
  • Rise in Disposable Incomes
  • Global Millennial Population Facts & Figures: Important Opportunity Indicators
  • Edible Tableware: An Eco-Friendly Biodegradable Alternative to Plastic Tableware
  • Eatware: Innovative Tableware Addressing Unique Requirements of Alzheimer's Patients
  • Biodegradable Cutlery: Advantages and Disadvantages
  • Eco-Sensitive Biodegradable Tableware and Cutlery
  • Adopting Organic Dinnerware Products
  • As Infection Prevention Becomes Important, Restaurants Increasingly Moving towards Single-Use Tableware
  • Disposable Tableware Market in France
  • Growing Demand for Stainless Steel Tableware Benefit Market Expansion
  • Glassware & Crystalware Design Transformation from Functional to Aesthetically Pleasing Augurs Well for Market Adoption
  • Demand for Glass Tableware on the Growth Path
  • Versatility of Melamine Dinnerware Spurs Demand from Indoor and Outdoor Dining Applications
  • Ceramic Tableware: Pick Up in Demand

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

  • Total Companies Profiled: 286

For more information about this report visit https://www.researchandmarkets.com/r/59vwzx

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Global Market for Tableware

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