Glass Tableware Market is having several developments, product launches, joint ventures, merges and accusations by its prominent market players and top brands which are driving the market in the terms of sales, import, export and revenue. This report gives an edge to not just compete but to outmatch the competition. The report provides with CAGR value fluctuation during the forecast period of 2018-2025 for the Glass Tableware Market. This report also contains all the drivers and restrains with the help of SWOT analysis for the Glass Tableware Market.
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Global Glass Tableware Market
Glass tableware can be defined as the cutlery and kitchen utensils that are produced from glass. These items are in trend in the modern times due to their aesthetic appeal and various designs associated with it. They are a sign of luxury, and are driven due to the change in lifestyle and rising levels of disposable income of the population. They are higher priced than their counterparts such as metal based tableware, and are majorly adopted in hotels and restaurants.
Segmentation: Global Glass Tableware Market
Global glass tableware market is segmented on the basis of product type and geography.
Global Glass Tableware Market By Product Type (Beverageware, Tableware, Baby Bottles, Others) and Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa).
FACTORS DRIVING GROWTH IN GLASS TABLEWARE MARKET
Growth of hospitality industry:
According to National Informatics Center Department of Electronics and Information Technology of Government of India, by January 2019 there are 1060 classified approved star category of hotels in India, and 58 classified heritage hotels all over India. According to their data in the period of January 2016-December 2016, there were 149 approved, and classified hotels in India, this number rose to 273 hotels that were approved during the period of January 2017 to December 2017. And again in January 2018 to December 2018, 363 more hotels were approved and classified. This rise of approved hotels is expected to positively impact the market for glass tableware, as these hotels majorly require the usage of glass tableware for their operations.
Key Market Competitors: Global Glass Tableware Market
Few of the major competitors currently working in the glass tableware market are
Bormioli Rocco S.r.l.,
Corelle Brands LLC,
LaOpala RG Limitied,
Kavalierglass of North America Inc.,
Termisil SA Glassworks,
Anhui Deli daily Glass Co. Ltd.,
Zhejiang Chengtai Industrial Co. Ltd.,
Ocean Glass Public Company Limited,
China Yong Feng Yuan Co. LTD.,
Belleek & Export Technologies,
Inter IKEA Systems B.V.,
Lifetime Brands Inc.
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Insights of the Study
- Comprehensive quantitative analysis of the industry is provided for the period of 2018-2025 to assist stakeholders to capitalize on the prevailing market opportunities.
- Extensive analysis of the key segments of the industry helps in understanding the trends in types of Glass Tableware Market across Global.
- Key market players and their strategies have been provided to understand the competitive outlook of the industry.
- The study provides an in-depth analysis of the Glass Tableware Market along with the current trends and future estimations to elucidate the imminent investment pockets.
- Comprehensive analysis of the factors that drive and restrict the market growth is provided in the report.
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