” Cutlery Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2025″ is the latest addition to MarketResearchReports.Biz industry research reports collection.
The main objective of this report is to define, describe, and forecast the global “Cutlery” market on the basis of types of applications, major sectors, deployment models, organization size, and regions. The report contains an analysis of the major factors influencing the growth of the market (drivers, restraints, opportunities, and challenges). It aims to strategically analyze the micromarkets with respect to individual growth trends, prospects, and their contribution to the market. The report attempts to forecast the market size for 5 major regions, namely, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America. It contains key vendor profiles and comprehensively analyzes their core competencies. The report also tracks and analyzes competitive developments, including partnerships, collaborations, acquisitions, new product developments, and R&D activities in the market.
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Cutlery can be categorized as utility tools used in preparing, serving, and eating food. Cutlery has been in use since centuries in the western world but now is categorized as luxury designer products. These augment the aesthetics of dining and the kitchen. Traditionally, silver sterling has been used to make cutlery items; however, presently, cutlery items are made from a variety of materials. The cutlery market is marked by the presence of large number of both small and large firms. The large market players also produce other items besides cutlery. The industry is also marked by the increase in R&D relating to the materials and processes.
There are many factors driving the global cutlery market. The increasing popularity of professional cooking at home that utilize specialized cutlery is expected to be one of the major drivers of growth during the forecast period. Additionally, the increased popularity of casual dining and growing preference for fine dining are expected to grow in future and in turn drive the market’s growth. Moreover, the increasing per capita disposable income and the number of households are expected to propel the market growth. Increased popularity associated with the introduction of new and advanced materials like carbon fiber, titanium alloys, synthetic fiber, new polyethene, composites, and ceramics in cutlery items is also expected to boost the growth of the market.
There are, however, some factors that are restraining the market’s growth. The threat to the environment due to improper disposal of plastics is expected to emerge as the most prominent market restraint. Fluctuating raw material prices are also anticipated to hinder the market growth during the forecast period.
Many opportunities exist in the cutlery market. Edible cutlery, which can be eaten like regular food is expected to open new opportunities in the market. With edible cutlery, the risk of pollution owing to the disposal of plastic cutlery is also minimized.
The global cutlery market can be segmented on the basis of product type, price range, and geography. On the basis of product type, the market can be segmented into metal based and non-metal based. Based on product type, the market is expected to be dominated by metal based cutlery owing to their growing demand from developed economies. The said sub-segment is expected to dominate the market throughout the forecast period. On the basis of price range, the market can be divided into low end, moderate, and high end. Based on price range, the market is expected to be dominated by low end cutlery while also surfacing as the fastest growing sub-segment.
On the basis of geography, the cutlery market can be segmented into North America, Europe, Asia Pacific, Middle East and Africa, and South America. Europe is expected to hold a major share of the total market owing to its higher adoption, especially in western European economies like Germany, Italy, and France. In the future, the growth of the market in the region is expected to be driven by the unsaturated Eastern European market. In terms of CAGR, the Asia Pacific is expected to emerge as the fastest growing market. This is due to increased adoption of cutlery in countries like China, which hold the majority market share in the region. North America is expected to follow Europe in terms of market share.
The major players in the global cutlery market are BergHOFF, John Boos & Co., Picnic Time, Inc., Melange, KYOCERA International, Inc. and Picnic at Ascot. Other prominent market players include Big Tree Furniture & Industries, Inc., WorldKitchen, LLC, Ginsu, Zwilling J.A. Henckels, Hampton Forge, KitchenAid, and Safavieh LLC.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
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The study is a source of reliable data on:
Market segments and sub-segments
Market trends and dynamics
Supply and demand
Value chain and stakeholder analysis
The regional analysis covers:
North America (U.S. and Canada)
Latin America (Mexico, Brazil, Peru, Chile, and others)
Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
Eastern Europe (Poland and Russia)
Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
A complete backdrop analysis, which includes an assessment of the parent market
Important changes in market dynamics
Market segmentation up to the second or third level
Historical, current, and projected size of the market from the standpoint of both value and volume
Reporting and evaluation of recent industry developments
Market shares and strategies of key players
Emerging niche segments and regional markets
An objective assessment of the trajectory of the market
Recommendations to companies for strengthening their foothold in the market
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