Global Housewares (Tabletopware) Market to Reach US$32 Billion by 2015, According to a New Report by Global Industry Analysts, Inc.

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GIA announces the release of a comprehensive global report on Housewares (Tabletopware) market. The global market for Housewares (Tabletopware) is forecast to reach US$32 billion by the year 2015. Factors driving growth include sturdy gains in Asian economies, and growing popularity of tabletopwares as fashionable items with ornamental value. In addition, phenomenal global shift to casual lifestyles is leading to changing consumer preferences in product design, color, styles, and patterns.

Housewares (Tabletopware): A Global Strategic Business Report

World tabletopware market is characterized by globalization, consolidation, and casualization trends. The recent ‘Casual’ lifestyle in the US and Europe, for instance, prompted leading players to adopt contemporary patterns, colors and styles. The ceramic, stemware, and plateware segments witnessed the emergence of platinum and gold decoration in the upper-market segments. Pastel and citrus colors led the palette in the dinnerware segment. The industry today is replete with a range of mix-match and coordinated product lines. The growing importance being accorded to product appearance and aesthetic appeal can no longer be overlooked, and can be typified by the recent trend of manufacturers roping in fashion designers to help design professionally styled and elegant products such as dinnerware, flatware, and crystalware.

The recent years witnessed sluggish business conditions in most of the major geographies, including in the United States, which represents the single largest tabletopware market worldwide. The decline in new-housing construction significantly affected housewares market. However, the outlook for houseware market is quite optimistic, as the fundamentals of the market remain strong and several markets are showing signs of recovery. The relatively mature North American, and European markets have lately forced market participants to move in search of greener pastures such as Asia, Eastern Europe, and Latin America.

Europe constitutes the largest regional market for Housewares (Tabletopware), as stated by the new market research report on Housewares (Tabletopware). The US, however, is the single largest market in terms of sales. In the mature US market, gains are mainly led by replacement sales. There exists a marked shift in consumer preferences from conventional ornamental and antique designs to contemporary styled tabletops. Growth is, however, expected to mainly emanate from the Asia-Pacific market, which is poised to register the fastest compounded annual growth over the period 2007-2015. In terms of different product types, Dinnerware constitutes the largest product segment, followed by Glassware. Glassware segment is expected to register the fastest compounded annual growth through 2015.

Major players profiled in the report include Guy Degrenne SA, Lenox Group Inc., Libbey Inc., Lifetime Brands Inc., Pfaltzgraff Co., Mikasa & Company, Noritake Co. Ltd., Oneida Ltd., The Zrike Company Inc., The Denby Pottery Company Ltd., Villeroy & Boch AG, Waterford Wedgwood PLC, Rosenthal GmbH, Royal Doulton (UK) Limited, WMF Württembergische Metallwarenfabrik AG, World Kitchen LLC, among others.

The report titled “Housewares (Tabletopware): A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of the Tabletopware market, impact of recession on the markets, current market trends, key growth drivers, product introductions, recent industry activity, and profiles of major/niche global as well as regional market participants. The report analyzes market data and analytics in terms of value for regions, including the US, Canada, Japan, Europe, Asia-Pacific, The Middle East, and Latin America. Major product segments analyzed include Dinnerware (Upstairs Formal Dinnerware, Upstairs Casual Dinnerware, and Housewares Dinnerware), Flatware (Stainless Steel Flatware, Silver Plated Flatware, and Sterling Silverware), Glassware (Beverageware, Serveware, Ovenware, Storageware, and Decorative Accessories), and Crystalware (Giftware, Stemware, and Barware).

For more details about this comprehensive market research report, please visit –
http://www.strategyr.com/Housewares_Tabletopware_Market_Report.asp

About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world’s largest market research publishers. The company employs over 800 people worldwide and publishes more than 1200 full-scale research reports each year. Additionally, the company also offers thousands of smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.

Global Industry Analysts, Inc.
Telephone 408-528-9966
Fax 408-528-9977
Email press(at)StrategyR(dot)com
Web Site http://www.StrategyR.com/

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