Return to: Business NewsTableware Market Size Worth $60.4 Billion By 2025 | CAGR: 6.0%The global tableware market size is expected to reach USD 60.4 billion by 2025, as per the new report by Grand View Research, Inc., expanding at a CAGR of 6.0% over the forecast period. Increasing number of households, changing lifestyle, and rising disposable income of the consumers are the prominent factors fuelling the market growth. The metalware segment dominated the market in 2018 and accounted for 33.6% share of the overall revenue. The growth is attributed to its high usage in developing countries such as India and china in both the residential as well as commercial sectors. Ceramicware is anticipated to witness significant growth in the coming years due to its rising demand, which is attributed to increasing disposable income and changing lifestyle of the young consumer groups. The offline distribution channel accounted for the largest share of 83.0%. Being a traditional way of shopping and consumer preference for offline shopping due to presence of leading market players such as Inter Ikea Group and homecentre are the leading factors driving the segment. The online channel is the fastest growing segment in the market. It is expected to expand at a CAGR of 7.5% in the forecast period. Increasing number of young consumer groups, hectic work schedules, and growing preference for online shopping due to less time and easy accessibility are impelling the segment growth. For PDF sample Copy or More Details please visit link @: https://www.grandviewresearch.com/industry-analysis/tableware-market Europe accounted for the largest share of 35.0% in 2018. Frequent changes in lifestyle and presence of high income and elite consumer groups are the key factors driving the market in this region. Asia Pacific is expected to emerge as the fastest growing regional tableware market with a CAGR of 6.8% in the forecast period. The growth is attributed to rapid increase in urbanisation, shifting inclination towards western lifestyle, and increasing disposable income. Tableware Market Report Highlights • By product, ceramicware is projected to ascend at a CAGR of 6.2% over the forecast period • The offline segment is the most preferred distribution channel in the tableware market and the segment accounted for 83.0% share of the overall revenue in 2018 • Asia Pacific is the fastest growing region with a CAGR of 6.8% due to growing urbanization and increasing number of households. To request Research report sample copy with TOC please visit @: https://www.grandviewresearch.com/industry-analysis/tableware-market/request/rs1 Tableware Market Segmentation Grand View Research has segmented the global tableware market on the basis of product, distribution channel, and region: Tableware Product Outlook (Revenue, USD Billion, 2015 - 2025) • Metalware • Cermicware • Glassware • Plastic/Fiberware Tableware Distribution Channel Outlook (Revenue, USD Billion, 2015 - 2025) • Online • Offline Tableware Regional Outlook (Revenue, USD Billion, 2015 - 2025) • North America o U.S. • Europe o Germany o U.K. • Asia Pacific o China o India • CSA o Brazil • MEA o Saudi Arabia For Inquire before buying please visit @: https://www.grandviewresearch.com/inquiry/5986/ibb About Grand View Research Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunit ... News Release: Tableware Market Size Worth $60.4 Billion By 2025 | CAGR: 6.0% Submitted on: July 13, 2020 01:03:27 PM Submitted by: sitakant On behalf of: www.prhub.com |