The global glass tableware market is expected to rise at a healthy CAGR of 6.1% during the forecast period of 2016 – 2024. Rising at this rate, the market is likely to reach a valuation of US$14.2 billion by the end of 2024 from US$8.8 billion in 2015.
Albany, NY -- (SBWIRE) -- 07/10/2017 -- Rising investments by the international hotel brands in the emerging economies is one of the key factors responsible for the growth of the glass tableware market. Increasing disposable income of the people has resulted in growing expenditure on tourism and travel. This in turn has resulted in the growth of hotels industry globally. Considering this aspect, a new research report with a title "Glass Tableware Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 – 2024" has been recently added to the vast online repository of Market Research Reports Search Engine (MRRSE). This report on glass tableware market analyzes the current status as well as future prospects of the market across the globe.
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The global glass tableware market is expected to rise at a healthy CAGR of 6.1% during the forecast period of 2016 – 2024. Rising at this rate, the market is likely to reach a valuation of US$14.2 billion by the end of 2024 from US$8.8 billion in 2015. The report also evaluates factors driving and inhibiting growth of the glass tableware market. The report will aid the manufacturers, suppliers, and distributors to comprehend the present and future trends in this industry and undertake strategies accordingly.
The global glass tableware market is segmented on the basis of product type and region. The report entails the current market size and forecasts its status over the assessment period. The global glass tableware market is segmented on the basis or product type into tableware, beverageware, baby bottles and others. In terms of revenue, tableware held majority of market share. The beverageware segment is further divided into coffee and tea jugs, tea pots, pitchers and coffee brewers, while the tableware segment is divided into cups and mugs and glass among others. In terms of regions, the market is segregated into North America, Europe, the Middle East and Africa, Latin America, and Asia Pacific. Among these regions, Asia Pacific region dominates the global glass tableware market. High population together with the rising middle class population in this region is a major aspect driving the growth of the glass tableware market in Asia Pacific. In this region, India, China and Japan are the frontrunners for this market.
Browse Full Global Glass Tableware Market Report with TOC : http://www.mrrse.com/glass-tableware-market
The global glass tableware market is categorized by intense competition from the major companies operating in this market. Frequent joint ventures and partnerships, mergers and acquisitions, product innovations and geographic expansions are some of the key strategies adopted by these top players operating in this industry. Some of the key players profiled in the report include Arc International, Bormioli Rocco SpA, Libbey Inc., Anchor Hocking LLC and WMF Group.
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