The global glass tableware market research report by Technavio predicts the market to post a CAGR of more than 3% during the period 2019-2023.
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Technavio has released a new market research report on the global glass tableware market for the period 2019-2023. (Graphic: Business Wire)
The organized retailers globally have grown significantly with the establishment of hypermarkets, supermarkets, and specialty stores. The supermarkets are a major distribution channel for glass tableware items as people can choose from a variety of glass dishes and glass beverageware. These stores also offer discounts on these products and better customer experience through proximity marketing, which is boosting the sales of glass tableware products through retail stores such as supermarkets and hypermarkets. This will drive the growth of the global glass tableware market during the forecast period.
As per Technavio, the growing use of omnichannel strategy by market vendors will have a positive impact on the market and contribute to its growth significantly over the forecast period. This global glass tableware market 2019-2023 research report also analyzes other important trends and market drivers that will affect market growth over 2019-2023.
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Global glass tableware market: Growing use of omnichannel strategy by market vendors
Conventionally, glassware products were only available in brick-and-mortar retail stores. However, the growing inclination towards glass tableware products has led to an increase in their availability. Therefore, numerous manufacturers have started selling their products exclusively through their e-commerce websites owing to growing demand. The vendors have been selling their product online through their e-commerce websites to expand their market penetration.
“A greater number of organizations are expected to distribute their glass tableware products on e-commerce platforms to tap into a wider customer base. During the forecast period, this trend is anticipated to gain momentum with more glass tableware vendors trying to sell their products through e-commerce platforms,” says a senior research analyst at Technavio.
Global glass tableware market: Segmentation analysis
This glass tableware market analysis report segments the market by product (glass dishes, beverageware, and others) and geography (APAC, Europe, MEA, South America, and North America).
The glass dishes segment held the largest glass tableware market share in 2018, accounting for over 40% of the market. This product segment is expected to dominate the global market throughout the forecast period.
The APAC region led the market in 2018 with approximately 35% of the market share, followed by Europe and North America respectively. The APAC region is expected to dominate the market throughout the period 2019-2023.
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Some of the key topics covered in the report include:
Market Landscape
- Market ecosystem
- Market characteristics
- Market segmentation analysis
Market Sizing
- Market definition
- Market size and forecast
Five Forces Analysis
Market Segmentation
Geographical Segmentation
- Regional comparison
- Key leading countries
Market Drivers
Market Challenges
Market Trends
Vendor Landscape
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
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