Glass Tableware Market to Surpass US$8,800 Million due to Growth of Hospitality Sector

2024-11-08 03:26:21 News & Society

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Leading market research and analysis firm Transparency Market Research (TMR) has published a new market research study. The global glass tableware is examined in the new research report, titled ?Glass Tableware Market - Global And Egypt Industry Analysis, Market Size, Trends And Forecast 2011-2017?, with prime focus on the Egypt market for glass tableware.The 2011 value of the global glass tableware market is expected to undergo an increase of around 40% by 2017, growing from US$6,200 million in 2011 to US$8,828.5 million in 2017 at a CAGR in excess of 6%.

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The report makes use of analytical tools such as Porter?s five forces analysis, SWOT analysis, and market attractiveness analysis to profile various aspects of the market. The competitive rivalry in the market, the bargaining power of the suppliers and buyers, and the tussle between established players and new entrants is elaborated through the five forces analysis, investment feasibility of the market is analyzed through the market attractiveness analysis, while a comparative analysis of all major players in the market is performed using the SWOT analysis.

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The report zooms in on the development of hotels and the catering industry as the prime growth driver for the global glass tableware market. Increasing disposable incomes and convenience of hotels in today?s hectic lifestyle has led to growing demand for hotels and the catering industry. This has resulted in strong growth prospects for the glass tableware market. The steady establishment of nuclear families as the societal norm rather than joint families has also helped the glass tableware market, since it has directly increased the number of customers making a purchase from the glass tableware market.

Browse Press Release of Glass Tableware Market :
http://www.transparencymarketresearch.com/pressrelease/glass-tableware-market.htm

These factors apply to the Egypt market for glass tableware as well. However, the major restraint on the global market ? lack of raw prices at low prices ? is not a problem for the Egypt glass tableware industry, as it is rich in the minerals used in glass production.According to the report, a larger threat to the glass tableware industry comes from the growing preference for crystal in the hospitality sector as well as households, due to its better appearance than glass tableware. A strong growth opportunity for the glass tableware market can be implied from this trend: the development of designer glass tableware that can rival crystal tableware in terms of aesthetics. Major players in the glass tableware industry, such as Pyramid Glass, Leonox, Anchor, Arc International, City Glass, and others, are expected to increasingly focus on aesthetic quality as the determinant factor in their finished product, due to higher demand from the growing middle-class customer base as well as the hospitality sector.

Asia Pacific and Latin America are the fastest growing glass tableware markets in the global perspective; the former is expected to account for half the growth (by magnitude) achieved by the global market during the forecast period. These and other regional segments of the global markets ? North America and EMEA ? are examined in the report and forecasts presented for each segment for the duration of the forecast period.

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Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company?s exclusive 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 proprietary data sources and various tools and techniques to gather and analyze information.

TMR?s data 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.