The beverage-ware market in North America and Eastern Europe is expected to see moderate growth due to changing preference for crystal beverage glassware, which looks more elegant and attractive.
Albany, NY -- (SBWIRE) -- 12/10/2015 -- Despite the approaching saturation in Western markets for regular glassware products, development of designer glass tableware and multipurpose glass tableware has created new opportunities and the market is expected to retain the ongoing growth trend.
The report provides comprehensive, detailed, and authentic information on the glass tableware market. Qualitative and quantitative analysis by industry professionals has been included in the report, which will help formulate corporate strategies for market expansion or market entry. Historical data about the glass tableware industry and prevalent development trends in the same is presented to help market stakeholders make informed and insightful decisions.
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Research techniques and analytical tools such as Porter's five forces analysis, SWOT analysis, and value chain analysis have been adopted in the glass tableware market report. The report also generates strategic propositions that can be adopted by market players for trendsetting business decisions in the glass tableware market.
Overview of the Glass Tableware Market
The report investigates the global glass tableware market on the basis of major product types such as flatware, dinnerware, and beverage-ware. The beverage-ware market segment accounts for the topmost market share, followed by dinnerware. The beverage-ware market has been further sub-segmented into stemware, barware, and others. It is expected that more than 50% of the gross growth in the global glass tableware market between 2011 and 2017 will take place in the beverage-ware segment, which makes it the most attractive segment to invest in.
The growth of the global glass tableware market is upheld by numerous social, monetary and demographic factors. The significant contributors are – improving economies of emerging nations leading to elevated purchasing power of the average consumer, the advent of new glass tableware products, advancement in manufacturing and bundling procedures. Consumers now choose to dine out and travel regularly, which is driving the development of the hotel business, and thusly the development of the glass tableware market. Increase in disposable income has enhanced the utilization of glass tableware at home, which is augmenting market growth massively.
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The beverage-ware market in Eastern Europe and North America is expected to experience average development due to growing preference for crystal beverage glassware, which looks more appealing and sophisticated. For similar reasons, it is also chosen in the hotel industry, which is a promising end user for the global glass tableware market, specifically glassware. However, thanks to the escalating economic growth in markets of the East such as Asia Pacific and the growing prevalence of consumerism, the global glass tableware market is predicted to enjoy an average-to-high expansion in numerous geographical regions.
Key players in the Glass Tableware Market
The report discussed business verticals of the following players in the glass tableware market that have been profiled in the report are: as Arc International, Libbey Inc., Sisecam, Bormioli Rocco group, WMF, Lenox Corporation, City Glass, and Pearl Glass Co.
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