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Market Research Report

Crystalware and Glassware Market : Global Demand Analysis & Opportunity Outlook 2024

Published On : 09:40 AM, 14th September, 2017 REP-ID-320 Category: Miscellaneous

Global Crystalware and Glassware Market Overview

Crystalware and glassware are referred to the products which are made up of glass and crystals. It is a variety of glass with a different chemical composition and crystalline structure. Crystalware and glassware products are usually made up of three types of glasses which are soda lime glass, lead glass and heat resistance glass. Soda lime glass by product is the most common type of glass used; hence it contributes more than half of total crystalware and glassware market. Crystalware and glassware products have higher refractive index and lower working temperature and viscosity. These products are also used in ornament and have decorative applications.

Market Size and Forecast

The global crystalware and glassware market is expected to grow at a robust growth rate over the forecast period i.e. 2017-2024. The growth of crystalware and glassware market is driven by the rising popularity of fine dining across the globe as well as increasing number of restaurants and hotels globally.

Geographically, North America has been a leading crystalware and glassware market in terms of market demand and is anticipated to maintain its dominance over the forecast period. In North America, U.S. is witnessing the augmented demand for crystalware and glassware products. Furthermore, North America is expected to be the most lucrative market, owing to presence of large manufacturing companies for crystalware and glassware products in this region.

crystalware & glassware

North America region is trailed by Europe which is expected to showcase a modest growth owing to the economic crisis which has resulted in high cost of living and low wages growth rate. Middle East and Africa are anticipated to witness a robust growth over the forecast period. Further, this can be attributed to the development glass and plastic industry in the region. Middle East and Africa regions are considered as price sensitive market. Moreover, low prices of crystalware and glassware products are believed to foster the growth of this market. Latin America is also projected to observe significant demand for crystalware and glassware products over the forecast period.

 Market Segmentation

Our in-depth analysis segmented the global crystalware and glassware market in the following segments:

By Product

  • Soda lime glass
  • Lead glass
  • Heat resistant glass

By Application

  • Drinking vessels
  • Tableware
  • Ornamental and Decorative
  • Others

By Price

  • Low
  • Medium
  • High

By Region

Global crystalware and glassware market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis
  • Latin America (Brazil, Mexico, Rest of Latin America) Market size, Y-O-Y growth & Opportunity Analysis
  • Western and Eastern Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, Rest of Western Europe) Market size, Y-O-Y growth & Opportunity Analysis
  • Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, South Korea &Rest of Asia-Pacific) Market size, Y-O-Y growth & Opportunity Analysis
  • Middle East and North Africa (MENA) Market Size and Y-O-Y Growth Analysis

Growth Drivers and Challenges

Rising demand for crystalware and glassware items in residential apartments and restaurants and hotels are expected to spur the demand for crystalware and glassware market globally. Further rise in modern infrastructure facilities across the globe is expected to foster the demand for crystalware and glassware items. Moreover, crystalware and glassware products are widely used for serving or for decorative purposes.

Rapid urbanization coupled with rising standard of living; owing to the adoption of luxury products for decoration of houses is anticipated to be the dynamic factor behind the growth of crystalware and glassware market globally.

However, the availability of cheap products is believed to dampen the growth of crystalware and glassware market. Moreover, penetration of plastic and ceramic product is also expected to hinder the growth of this market.  

Key players

The major key players for crystalware and glassware market are as follows

  • Noritake
    • Company Overview
    • Key Product Offerings
    • Business Strategy
    • SWOT Analysis
    • Financials
  • Villeroy & Boch AG
  • Guy Degrenne SA
  • Lifetime Brands
  • Lenox Corporation
  • The Zrike Company
  • World Kitchen
  • LLC
  • Libbe
  • Oneida
  • WMF Wurttembergische

Scope and Context

Overview of the Parent Market

Analyst View

Segmentation

The global crystalware and glassware market is segmented as follows:

  • By Product Market Size & Y-O-Y Growth Analysis
  • By Application Market Size & Y-O-Y Growth Analysis
  • By Price Market Size & Y-O-Y Growth Analysis
  • By Region Market Size & Y-O-Y Growth Analysis

Market Dynamics

Supply & Demand Risk

Competitive Landscape

Porter’s Five Force Model

Geographical Economic Activity

Key Players (respective SWOT Analysis) and their Strategies and Product Portfolio

Recent Trends and Developments

Industry Growth Drivers and Challenges

Key Information for Players to establish themselves in current dynamic environment

 

Key Answers Captured in Report?
Which geography would have better demand for product/services?
What are the strategies adopted by big players in the regional market?
Which country would see the steep rise in CAGR & year-on-year (Y-O-Y) growth?
What is the current & expected market size in next five years?
What is the market feasibility for long term investment?
What opportunity the country would offer for existing and new players in the market?
What is risk involved for suppliers in the geography?
What factors would drive the demand for the product/service in near future?
What is the impact analysis of various factors in the market growth?
What are the recent trends in the regional market and how successful they are?

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