New York, NY -- (SBWIRE) -- 05/19/2017 -- The report considers the present scenario of the global cutlery market and its strategic assessment for the period 2016–2021. It also includes a detailed study of market drivers, trends, and restraints. The report also profiles the leading four vendors in the market.
Scope of the report
The research report provides the analysis of key segments of the cutlery market by raw materials, price range, geography, country, and vendors. It offers a comprehensive analysis of the revenue from the following segments:
By Raw Materials
- Metal Based
- Non-metal Based
By Price Range
- Eastern Europe
- Latin America
- North America
- Western Europe
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The report provides the market size and forecast by product type for each region.
Cutlery Market- Market Size and Dynamics
The cutlery market can be categorized into utility products and designer products. These products enhance the aesthetics of kitchens and dining. The market is categorized into different price sections depending upon the demand and the perception. This report considers three different categories based on pricing, which includes low-end, moderate-range, and high-end. The global cutlery market is expected to increase on account of several factors such as increasing number of household, growing property market, and rising disposable income. Analysts at Beige Market Intelligence expect that the global cutlery market to grow at a CAGR close to 6.7% during the period 2016–2022.
The metal based segment dominated the market in 2016 and is likely to dominate till 2022. While the demand for metal cutlery is high in developed economies such as the US and the UK, it is also gaining popularity in the other emerging economies. Similarly, the low-end segment is the fastest growing market in terms of price range and dominates the cutlery market with maximum market share.
Cutlery Market - Trends, Drivers, and Restraints
The research report provides a detailed discussion on various factors that are driving the market. It also a comprehensive analysis of several emerging trends and upcoming challenges of the market. In addition, it includes the Porter's Five Forces analysis and its impact on the global cutlery market.
With the increased number of cooking programmes on TVs, food festivals, and food magazines, there is an increasing interest in preparing different cuisines and special gourmet dishes at home. The group of culinary lovers is increasing and it is no longer limited to restaurants. Also, the professional cooking at home is increasingly getting popular among consumers as it opens venues for employment. A master chef inspired cooks at home require some tools for food preparation such as kitchen knives sets. Hence, the increased popularity of professional cooking at home is one of the major factors that is going to increase the market growth during the forecast period. Furthermore, growing popularity of casual dining, increasing number of households, and rising consumer preference for social and fine dining are among the other factors driving the market growth.
Earlier, the market was limited to the use of stainless steel and plastics. However, there are number of advanced materials which are gaining popularity in the market such as titanium alloys, carbon fibers, new polyethylene, synthetic fibers, composites, and ceramic. The growing demand for advanced materials in cutlery is for the latest trends that are going to drive the market growth. Further, in order to stop the usage of plastic cutlery and increase the demand for sustainable solutions have resulted into the invention of edible cutlery, which is among the latest trends in the global market.
However, the growing environment concerns such as disposal of plastics and volatile prices of raw materials are among the major challenges the market is going to witness during the forecast period.
Cutlery Market – Geographical Analysis
The report includes the market analysis of different regions such as APAC, Europe, Latin America, MEA, and North America. It outlines major market shareholders and analyzes the market size of all the leading regions. The cutlery market changes according to the geography. While the Western European countries such as Germany, Italy, and France are considered as the saturated market, Eastern European countries are still under the growing stage. The cutlery market in Western Europe is the highest revenue contributor to the global cutlery market. In the APAC region, which include China, is one of the dominating regions in the global cutlery market. China accounts for a majority of the market share in the region. The North American region is the third largest contributor and the demand is mainly coming from the US.
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Cutlery Market – Key Vendors and Market Share
The report profiles major companies in the global cutlery market and provides the competitive landscape of the leading players. It covers the entire market outlook regarding the value chain operating in the market.
Major vendors profiled in the report are as following:
- John Boos
- Picnic time
- Melange Home
Other prominent vendors are Picnic at Ascot, Chicago Cutlery, Big Tree Furniture, Ginsu, French Home, Henckels, Hampton Forge, KitchenAid, Safavieh, and Kyocera.
Why should you buy the report?
The report provides answers to the following questions related to the global cutlery market.
1. What are the current changes witnessed by the market and how are they likely to impact the market landscape in the coming years?
2. Which factors are expected to affect the market over the next few years?
3. What are the major emerging trends and challenges for the market over the next five years?
4. What is the market size and market forecast for each product segment and end-user type?
5. Which region is likely to witness the largest market share and what are the factors driving the market growth in that region?
6. Which are the key vendors in the market?
7. What are the main strategies implemented by the leading vendors to increase growth opportunities?
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