Transparency
Market Research (TMR) has recently published a study on the
global glass tableware market with a special focus on Egypt market.
The report estimates the global market to rise at a CAGR of 6.0%
during the period from 2011 and 2017 and reach US$8.8 bn by 2017 from
a value of US$6.2 bn in 2011.The market study is titled, “Glass
Tableware Market - Global
And Egypt Industry Analysis, Market Size, Trends And Forecast 2011 –
2017.”
The global glass
tableware market has been witnessing remarkable growth in its
valuation since the last few years. The rapid rise in the hotel and
catering industry has fueled the demand for glass tableware
significantly in the recent times. Apart from this, the shift in the
consumer preference for high-end tableware, fueled by the rise in
their disposable income, is likely to boost this market in the coming
years. By the end of the forecast period, analysts expect the
worldwide glass tableware market to increase approximately by 40% of
its value in 2011.
The report evaluates
the global market for glass tableware on the basis of the product and
its regional distribution. Based on the product, the market has been
classified into glass dinnerware, glass beverage-ware, and glass
flatware. The beverage-ware segment led the overall market in 2011
and was closely followed by the dinnerware segment. Analysts project
this segment to retain its lead over the forthcoming years and
account for a share of more than 50% in the overall market by the end
of the forecast period. Stemware and barware are the key glass
beverage-ware available in the global market, notes the research
study.
Regionally, the
study has segmented the worldwide market for glass tableware into
North America, Latin America, Asia Pacific, Europe, and the Middle
East and Africa. Europe and the Middle East and Africa jointly led
the overall market in 2011. However, Asia Pacific and Latin America
are likely to register the fastest growth over the forecast period
with Asia Pacific acquiring the leading position in the coming years.
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The increasing
disposable income of consumers owing to the economic development in
these regions is the prime factor that is likely to drive the demand
for glass tableware in Asia Pacific and Latin America during the
forecast period. The rise in the tourism industry is also projected
to boost this market in these regions, states the report.
The report further
analyzes the Egypt market for glass tableware and states that,
compared to other European markets, it exhibits slower growth. The
low demand for glass beverage-ware in this region owing to cultural
barriers that prevent individuals from consuming alcohol is impacting
this market negatively. Experts predict this trend to continue in the
near future.
The major
international manufacturers of glass tableware, mentioned in this
report are Anchor, Pearl Glass Co., Arc International, Sisecam,
Bormioli, Leonox, Pyramid Glass, WMF Group, Libbey Inc., and City
Glass.
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Transparency Market
Research (TMR) is a global market intelligence company providing
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blend of quantitative forecasting and trend analysis provides
forward-looking insight for thousands of decision makers. TMR’s
experienced team of analysts, researchers, and consultants use
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and analyze information.
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repository is continuously updated and revised by a team of research
experts so that it always reflects the latest trends and information.
With extensive research and analysis capabilities, Transparency
Market Research employs rigorous primary and secondary research
techniques to develop distinctive data sets and research material for
business reports.
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