Global Glass Tableware Market is Expected to Reach USD 8,828.5 Million in 2017: Transparency Market Research
ALBANY, New York, November 8, 2012 /PRNewswire/ --
According to a new market report "Glass Tableware Market - Global and Egypt Industry Analysis, Market Size, Trends and Forecast, 2011 - 2017," published by Transparency Market Research (http://www.transparencymarketresearch.com), the global glass tableware market is estimated to reach market size worth USD 8,828.5 million in 2017. The highest contribution to the net market growth is expected by glass beverage-ware market segment, which will almost double during the six years period, growing at the fastest rate as compared to the all other segments.
Browse the full report at http://www.transparencymarketresearch.com/glass-tableware-market.html
The global glass tableware market, with fast growth exhibited by emerging markets and the beverage-ware and dinnerware segment, is expected to reach market size of USD 8,828.5 million in 2017. The market is estimated to register a growth of approximately 40% during 2011 - 2017. Beverage-ware accounts for approximately half of the global glass tableware market share.
Some of the factors driving the market growth include growing tourism sector, especially the hotel and catering industry, developing retail industry, growth in the numbers of higher middle class people, and gradual organization of the market. The market is largely influenced by growing consumerism and trends such as growing preference for designer tableware, changing consumer buying behavior, and other demographic and social trends. The increase in demand from emerging markets and the growing hospitality industry are among other factors which are significant contributors to the global glass tableware market growth.
Related & Recently Published Reports by Transparency Market Research
Among all regions, EMEA holds the largest market share, especially due to excessive demand in the European markets, across both Western and Eastern Europe regions. The Latin America market is forecasted to register the highest percentage growth for the period 2011 - 2017. It is closely followed by Asia Pacific, which is forecasted to register a marginally less percentage growth during the same period. Though North America and the EMEA region are forecasted to grow in the near future, they are estimated to lose their market share due to slow growth rate as compared to the other regions.
The key players in this segment include names such as: Arc International, Libbey Incorporation, Bormioli Rocco group, Sisecam (Pasabache), Anchor Hocking Company, WMF and Lenox Corporation. Among all, Arc International holds the largest market share, followed by Libbey Inc. Arc International gets most of its revenue from the European market due to its wide spread presence and effective distribution network. Libbey Inc. is the largest manufacturer in the western hemisphere and the second largest manufacturer globally.
Egypt is estimated to account for less than 1% of the global glass tableware market and is expected to maintain its share till 2017. Some of the key players exhibiting high growth in the Egyptian market are Pearl Glass Co., City Glass and Pyramid Glass.
Browse all Consumer Goods Market Reports
Upcoming Reports in Consumer Goods Market
Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. We are privileged with highly experienced team of Analysts, Researchers, and Consultants, who use proprietary data sources and various tools and techniques to gather, and analyze information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
90 Sate Street, Suite 700
Albany, NY 12207
USA - Canada Toll Free: 866-552-3453
Our Reports Podcasts @ Podcast Directory
SOURCE Transparency Market Research
Mer från detta företag
Skapa innehåll för din webbplats
Förbättra din webbplats eller blogg med PR Newswires skräddarsydda nyhetsflöden.
Kontakta PR Newswire
Skicka oss ett mail till email@example.com eller ring oss på +46 (0)8 1200 1300
Bli en PR Newswire kund
Begär mer information , se PR Newswire produkter & tjänster eller ring oss på +46 (0)8 1200 1300