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The Europe - Glass Tableware Market size is estimated to grow at a CAGR of 2.99% between 2023 and 2028. The market size is forecast to increase by USD 416.22 million. The accelerated growth of the market is due to various factors including the increasing hospitality and tourism industry in Europe, rising disposable income among consumers and growing sales of glass tableware via online platforms.
The research report on the Europe glass tableware market offers industry forecasts and segmentation based on product including beverageware, dinnerware, land, and others. It also segments the market by distribution channel, which comprises both offline and online. The market size, historical data (2018-2022), and future forecasts are presented in terms of value (USD million) for all these mentioned segments.
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Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Rising disposable income among consumers is notably driving the Europe glass tableware market growth. The Europe - glass tableware market has witnessed significant growth in recent years, largely driven by the rising disposable income among consumers. One of the key effects of rising disposable income is the shift towards more premium and luxury glass tableware options. With more financial flexibility, consumers are willing to spend on upscale and high-end products that elevate their dining experiences. Furthermore, restaurants and cafes catering to upscale clientele often invest in premium glassware to create a luxurious ambiance and provide a memorable dining experience. High-quality glassware enhances the presentation of food and beverages, reinforcing the perception of a sophisticated dining establishment.
Similarly, consumers hosting dinner parties or social gatherings at home are more inclined to invest in elegant glass tableware to impress their guests and create a refined atmosphere. Thus, the above-mentioned factors are expected to increase the demand for glass tableware, which will drive the growth of the Europe glass tableware market during the forecast period.
The rising popularity of themed and seasonal tableware is an emerging trend shaping the Europe glass tableware market growth. Themed and seasonal tableware has experienced a rising popularity in the Europe - glass tableware market. This trend involves the use of tableware specifically designed to align with different themes or seasons, adding a touch of novelty and excitement to dining experiences. Consumers are increasingly looking for unique and memorable ways to enhance their gatherings and celebrations, and themed and seasonal tableware provides a creative and festive solution. One of the driving factors behind the popularity of themed and seasonal tableware is the desire for customization and personalization. Consumers want to create a unique ambiance for their events, whether it is a holiday gathering, a birthday celebration, or a themed party.
Additionally, there are themed sets for different occasions like tropical parties, country-style gatherings, or even sports events. These collections include glassware with patterned designs, seasonal motifs, and color schemes that align with the theme or season. Thus, the above-mentioned factors are expected to increase the demand for glass tableware, which will propel the growth of the Europe glass tableware market during the forecast period.
The rising adoption of counterfeit products in Europe is a significant challenge hindering Europe glass tableware market growth. The rising adoption of counterfeit products has had a detrimental impact on the Europe - glass tableware market. Counterfeit products are imitation goods that are sold under false pretenses, often claiming to be genuine and of high quality. One of the major consequences of counterfeit glass tableware is the erosion of consumer trust. When consumers unknowingly purchase counterfeit products, they may have a negative experience due to issues such as poor quality, breakage, or even health and safety risks. The presence of counterfeit glass tableware in the Europe - glass tableware market poses serious health and safety risks. Counterfeit products may be made from substandard materials that are not food-safe or may contain harmful chemicals. Consuming food or beverages from these counterfeit glassware items can potentially lead to health complications.
For instance, the use of low-quality glass or improper manufacturing processes could result in glass shattering or cracking while in use, posing a risk of injury to consumers. These safety concerns not only compromise consumer well-being but can also result in legal issues for manufacturers or retailers associated with these counterfeit products. Thus, such factors are expected to decline the adoption of glass tableware, which may negatively impact the growth of the Europe glass tableware market during the forecast period.
The market research report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Europe Glass Tableware Market Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Arc Holdings - The company offers glass tableware under the brands such as LUMINARC, ARCOPAL, ECLAT, ARCOROC.
The research report also includes detailed analyses of the competitive landscape of the market and information about 20 market companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The beverageware segment is estimated to witness significant growth during the forecast period. The beverageware segment includes a range of products such as glasses, mugs, and tumblers specifically designed for serving beverages. One of the key factors driving the growth of the beverageware segment is the increasing popularity of speciality beverages among European consumers.
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The beverageware segment was the largest and was valued at USD 1.18 billion in 2018. Another factor contributing to the growth of the beverageware segment is the rise of the hospitality and catering industry in Europe. With an increasing number of cafes, restaurants, and bars, there is a higher demand for glassware that is not only aesthetically pleasing but also durable and cost-effective. Brands such as Arcoroc and Libbey provide commercial-grade glassware that meets the rigorous demands of the food service industry while maintaining an attractive appearance. Thus, the above-mentioned advantages are expected to increase the demand for beverageware, which will propel the growth of the beverageware segment in the Europe glass tableware market during the forecast period.
The Europe glass tableware market report forecasts market growth by revenue and provides an analysis of the latest trends and growth opportunities from 2018 to 2028.
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Europe Glass Tableware Market Scope |
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Report Coverage |
Details |
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Page number |
154 |
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Base year |
2023 |
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Historic period |
2018-2022 |
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Forecast period |
2024-2028 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 2.99% |
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Market Growth 2024-2028 |
USD 416.22 million |
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Market structure |
Fragmented |
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YoY growth 2023-2024(%) |
2.77 |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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Key companies profiled |
Alessi S.p.A., Arc Holdings, Baccarat SA, Bayerische Glaswerke GmbH, BODUM, Bormioli Rocco Spa, Christofle, DARTINGTON CRYSTAL, DIBBERN GmbH , Emma Bridgewater Ltd., Fiskars Group, FRATELLI GUZZINI S.p.A, La Rochere SAS, Lalique Group SA, Libbey Inc., Lubkowski Saunders And Associates Ltd., New Wave Group AB, Robert Welch Designs Ltd. , RONA a.s., Sagaform AB, SEB Developpement SA, Stoelzle Oberglas GmbH, Swarovski AG, Tiroler Glashutte GmbH, TURKIYE SISE VE CAM FABRIKALARI A.S., Villeroy and Boch AG, Zwiesel Kristallglas AG, and ZWILLING J.A. Henckels AG |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this market research report to meet your requirements.
1 Drivers, Challenges, and Trends
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
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Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
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