Glass tableware are dishes, glasses, spoons & forks, and other crockery items made of glass used for serving food, decoration, setting a table for fine dining purpose. It includes 2 main categories namely dinnerware and drinkware. Glass tableware is made of high-strength glass material with attractive designs and appealing colors. It offers a luxurious experience and are used across various fine dine restaurants and hotels. Drinkware of various shapes and sizes are used in bars and lounges to serve drinks to the consumers.
MARKET SCOPE
The "Global Glass Tableware Market Analysis to 2028" is a specialized and in-depth study of the consumer goods industry with a special focus on the global market trend analysis. The report aims to provide an overview of the glass tableware market with detailed market segmentation type, distribution channel, and geography. The report provides key statistics on the market status of the leading glass tableware market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- On the basis of type, the market is segmented into dinnerware, drinkware, and others
- On the basis of distribution channel, the market is segmented into supermarkets & hypermarkets, specialty stores, online retail, others.
MARKET DYNAMICS
Drivers
- Growing trend of eating out at luxurious restaurants, bars, and lounges is the key factor driving the market growth
- Rising disposable income levels of consumers across the emerging economies and going demand from restaurants and hotels are the factors anticipated to drive the market growth.
Restraints
- Glass tableware is fragile and delicate and various alternatives made of durable material are available in the market. This may slow down the market growth.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The glass tableware market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the glass tableware market in these regions.
IMPACT OF COVID-19 ON GLASS TABLEWARE MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. Moreover, the supply chains and distribution networks across the globe have been disrupted by the outbreak of the pandemic which has severely affected the sales of the companies.
MARKET PLAYERS
The report covers key developments in the glass tableware market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from glass tableware market are anticipated to lucrative growth opportunities in the future with the rising demand for glass tableware in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the glass tableware market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Libbey, Inc.
- Arc Group
- La Opala RG Ltd.
- The Oneida Group Inc.
- iecam
- Bormioli Rocco S.p.A.
- Lenox Corporation
- Corelle Brands LLC.
- BOROSIL
- TERMISIL Glass Sp. z o.o.
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.