Global Kitchen Utensils Market, By Material (Stainless Steel, Aluminum, Glass, Others), By Application (Residential, Commercial), By Distribution Channel (Online, Offline), By Region, Competition Forecast and Opportunities, 2027
New York, July 21. 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the publication of the report “Global Cookware Market, By Material, By Application, By Distribution Channel, By Region, Competition Forecast & Opportunities, 2027” – https://www.reportlinker.com/p06293086/?utm_source=GNW
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, rising spending on home improvement oriented products, and massive demand for commercial kitchens demand from 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. Based on 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 growth in market size of global kitchen utensils market from 2017 to 2021.
• Estimate and forecast the global Kitchenware market size from 2022E-2027F and the growth rate till 2027F.
• To 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.
• To identify drivers and challenges for the global kitchenware market.
• Examine competitive developments such as expansions, new product launches, mergers and acquisitions, etc., in the global kitchen utensils market.
• 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 analyst conducted extensive primary and secondary research for this study. Initially, the analyst procured a list of manufacturers, suppliers and distributors across the world.
Subsequently, the analyst conducted primary research surveys with the identified companies. During the interviews, the respondents were also asked about their competitors.
Using this technique, the analyst could include manufacturers that could not be identified due to secondary research limitations. The analyst looked at the manufacturers, distribution channels and presence of all major players across the globe.
The analyst calculated the global kitchen utensils market size using a bottom-up approach, in which data of various end-user segments was recorded and forecasted for the coming years. The analyst 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 studied by the analyst.
Key target audience:
• Manufacturers, end users and other stakeholders
• Product distributors and suppliers and other stakeholders
• Organizations, forums and alliances related to the cookware 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.
In this report, the global kitchen utensils market has been segmented into the following categories, in addition to industry trends which have also been detailed below:
• Global kitchen utensil market, by material:
o Stainless steel
• Global kitchen utensils market, by application:
• Global kitchenware market, by distribution channel:
• Global kitchenware market, by region:
o North America
o Middle East and Africa
United Arab Emirates
o South America
Company Profiles: Detailed analysis of the major companies present in the global kitchen utensils market.
With the market data provided, we offer customizations based on a company’s specific needs. The following customization options are available for the report:
• Detailed analysis and profiling of other market players (up to five).
Read the full report: https://www.reportlinker.com/p06293086/?utm_source=GNW
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