Global Kitchenware Industry to 2027
Dublin, Aug. 26, 2022 (GLOBE NEWSWIRE) — The “Global kitchen utensils market, by material (stainless steel, aluminum, glass, others), by application (residential, commercial), by distribution channel (online, offline line), by The “Region, Competition Forecast and Opportunities, 2027” Report has been added to from ResearchAndMarkets.com offer.
The global kitchen utensils market is expected to grow at an impressive CAGR during the forecast period 2023-2027. Factors such as growing preference for modular kitchens, increasing spending on home improvement oriented products, and massive demand from commercial kitchens are driving the demand for the global kitchenware market.
Millennials prefer home-cooked meals and are willing to spend large sums on kitchen utensils that can enhance the flavors and taste of cooked meals.
In addition, market players’ shift towards online platforms owing to the growing popularity of e-commerce industry and high-end investments in research and development activities are expected to create lucrative growth opportunities for players. market over the next five years.
The global kitchen utensils market is segmented into materials, applications, distribution channels, competitive landscape and regional distribution. On the basis of materials, the market is divided into stainless steel, aluminum, glass and others. Stainless steel material is expected to hold the largest market share over the next five years as it exhibits high durability as compared to its counterparts. There is a high demand for stainless steel in countries like India, China and Japan for the manufacture of cookware.
The major market players operating in the global cookware market are Groupe SEB, All-Clad Group, Werhahn Group, Conair Corp., Gorenje Group, Hawkins Cooker Ltd., The Middleby Corp., The Vollrath Co LLC, TTK Prestige Ltd., and Newell Brands Inc.
Years considered for this report:
- Historical years: 2017-2020
- Base year: 2021
- Estimated year: 2022E
- Forecast period: 2023F-2027F
Goal of the study:
- To analyze historical market size growth of global kitchen utensils market from 2017 to 2021
- Estimate and forecast the global kitchen utensils market size from 2022E-2027F and the growth rate till 2027F
- Classify and forecast the global kitchen utensils market based on material, application, distribution channel, regional distribution and competitive landscape
- To identify the dominant region or segment in the global kitchen utensils market
- Identify drivers and challenges in the global kitchen utensils market
- Examine competitive developments such as expansions, new product launches, mergers and acquisitions, etc., in the global kitchen utensils market
- To identify and analyze the profile of key players operating in the global kitchen utensils market
- Identify the key sustainable strategies adopted by market players in the global kitchen utensils market
The publisher conducted extensive primary and secondary research for this study. Initially, the publisher procured a list of manufacturers, suppliers and distributors around the world. Subsequently, the publisher conducted primary research surveys with the identified companies. During the interviews, the respondents were also asked about their competitors. Using this technique, the publisher could include manufacturers that could not be identified due to secondary research limitations. The editor has analyzed the manufacturers, distribution channels and presence of all major players across the world.
The publisher calculated the global kitchen utensils market size using a bottom-up approach, in which data from various end-user segments was recorded and forecasted for the coming years. The publisher obtained these values from industry experts and company representatives and validated them externally by analyzing historical data of these types of products and applications to derive an appropriate overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also reviewed by the editor.
Key target audience:
- Manufacturers, end users and other stakeholders
- Product distributors and suppliers and other stakeholders
- Organizations, forums and alliances related to the kitchen utensils market
- Market research and consulting firms
The study is helpful in providing answers to several critical questions which are important for industry stakeholders such as manufacturers, suppliers, end users etc. besides enabling them to form strategies for investment and capitalize on market opportunities.
Main topics covered:
1. Product introduction
2. Research methodology
3. Executive Summary
4. Voice of the Customer
5. Impact of COVID-19 on the global kitchen utensils market
6. Global Kitchenware Market Outlook
6.1. Market size and forecast
6.1.1. By value
6.2. Market share and forecasts
6.2.1. By material (stainless steel, aluminum, glass, others)
6.2.2. By application (residential, commercial)
6.2.3. By distribution channel (online, offline)
6.2.4. By company (2021)
6.2.5. By region
6.3. Commodity Market Map
7. Asia-Pacific Kitchenware Market Outlook
8. Europe Kitchenware Market Outlook
9. North America Kitchenware Market Outlook
10. South America Kitchenware Market Outlook
11. Middle East & Africa Kitchenware Market Outlook
12. Market dynamics
13. Market trends and developments
14. Competitive landscape
14.1. Group SEB
14.2. All Clad Group
14.3. Werhahn Group
14.4. Conair Corp.
14.5. Gorenje Group
14.6. Hawkins Cooker Ltd.
14.7. The Middleby Corp.
14.8. The Vollrath Co. LLC
14.9. TTK Prestige Ltd.
14.10. Brands Newell Inc.
15. Strategic Recommendations
For more information about this report visit https://www.researchandmarkets.com/r/vg1ez3