LONDON--(BUSINESS WIRE)--Technavio’s global ceramic tableware market research report forecasts the market to grow at a CAGR of more than 5% during the forecast period.
The increasing home renovation and modular kitchen projects will be one of the major trends in the global ceramic tableware market during 2019-2023. The number of home renovation projects in the Americas has been increasing since 2016. The average spending on dining renovation in the US grew by around 13% in 2016 when compared with the previous year. The trend in dining renovation is anticipated to continue growing during the forecast period and a considerable amount of revenue from dining renovation projects is anticipated to flow into ceramic tableware products.
This report is available at a USD 1,000 discount for a limited time only: View market snapshot before purchasing
According to Technavio analysts, one of the key drivers for the global ceramic tableware market is the increasing number of households:
Global ceramic tableware market: Increasing number of households
The residential consumers are the major end-users of ceramic tableware products. The demand for ceramic tableware is anticipated to grow owing to the increase in household numbers globally. The number of single-person households and single families in the US and Canada has been increasing steadily. The residential construction in the US grew by 5.59% in 2018. Canada witnessed nearly 2% increase in residential construction activities between 2017 and 2018.
According to a senior research analyst at Technavio, “Some of the major countries that import ceramic tableware products include the US, Canada, Spain, and the UK. Cumulatively, these countries accounted for nearly 30% of the global imports in 2017. Hence, the demand for ceramic tableware in these countries is anticipated to remain high amid increasing household numbers.”
Global ceramic tableware market: Segmentation analysis
This global ceramic tableware market analysis report provides market segmentation by product (ceramic dinnerware, ceramic beverageware, and ceramic flatware) and by region (the Americas, APAC, and EMEA). This report provides an in-depth analysis of the prominent factors influencing the market, including drivers, opportunities, trends, and industry-specific challenges.
Of the three major products, the ceramic dinnerware segment held the largest ceramic tableware market share in 2018, contributing to around 60% of the market. This product segment will dominate the global market throughout the forecast period.
The EMEA region held the largest share of the market in 2018, accounting for over 35% share. It was followed by APAC and the Americas respectively. The EMEA region is expected to dominate the market throughout the period 2019-2023.
Looking for more information on this market? Request a free sample report
Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.
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
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
If you are interested in more information, please contact our media team at media@technavio.com.
