Market Overview:
The global flatware market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to factors such as rising disposable income, increasing demand for premium flatware products and growing awareness about hygiene and sanitation. In terms of type, the table knife segment is expected to lead the global flatware market during the forecast period. This can be attributed to its widespread use in both home and commercial applications.
Product Definition:
A flatware is an eating utensil that consists of a knife, a fork, and a spoon. It is used to eat solid foods.
Table Knife:
A table knife is a tool, which is generally used by waiters and waitresses to cutlery food items such as bread, vegetables and fruits at the dining table. The global market for table knives has been witnessing significant growth over the past few years on account of increasing demand from developing countries including China, India, Brazil and Middle East. Increasing disposable income coupled with changing lifestyles in these regions are expected to remain favorable factors for industry growth over the next eight years.
Table Fork:
The table fork is a tool used to compress the packing material around the edge of a box. It has an elongated handle and two or more prongs that are inserted into the corner of a box, thereby compressing the packing material around its perimeter. The compressed packing aids in sealing as well as closing down any small gaps that may have formed between parts due to vibration during shipping and handling resulting in improved overall product performance.
Application Insights:
The global flatwares market is segmented by application into the home use and commercial use. The home use accounted for a larger share in 2017 as compared to the commercial use. This can be attributed to increasing disposable income, especially in emerging economies such as China, India and Brazil which are majorly influenced by the East Asian economic model.
Commercial users prefer purchasing from reliable sources, whereas consumers of tableware products for personal usage prefer buying directly from manufacturers or their authorized dealers at low prices with discounts up to 50%. These factors are likely to increase product demand among commercial users over the forecast period.
The Asia Pacific region is projected to witness significant growth owing its large population coupled with rising living standards across countries such as China Japan.
Regional Analysis:
Asia Pacific dominated the global flatwares market in 2017. The region is expected to witness significant growth over the forecast period owing to increasing demand for tableware products from developing countries such as India and China. Furthermore, an increasing number of households due to growing population and rising disposable income will drive regional product demand further.
Europe accounted for a major share in terms of revenue in 2017 owing to high usage of flatware products particularly among consumers from Germany, France, Italy, Spain and U.K.
Growth Factors:
- Increasing demand for smart and connected devices
- Proliferation of big data and analytics
- Growing trend of Bring Your Own Device (BYOD)
- Emergence of cloud-based services
- Increased focus on security
Scope Of The Report
Report Attributes
Report Details
Report Title
Flatwares Market Research Report
By Type
Table Knife, Table Fork, Table Spoon, Others
By Application
Home Use, Commercial Use
By Companies
BergHOFF, Cambridge Silversmith, Ginkgo, Wallace, Yamazaki, Reed & Barton, Elegance, Farberware, Gourmet Basics by Mikasa, KINDWER, BergHOFF, Oneida, Mikasa, Red Vanilla, Dansk, International Silver, Gorham, WMF
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
205
Number of Tables & Figures
144
Customization Available
Yes, the report can be customized as per your need.
Global Flatwares Market Report Segments:
The global Flatwares market is segmented on the basis of:
Types
Table Knife, Table Fork, Table Spoon, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Home Use, Commercial Use
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- BergHOFF
- Cambridge Silversmith
- Ginkgo
- Wallace
- Yamazaki
- Reed & Barton
- Elegance
- Farberware
- Gourmet Basics by Mikasa
- KINDWER
- BergHOFF
- Oneida
- Mikasa
- Red Vanilla
- Dansk
- International Silver
- Gorham
- WMF
Highlights of The Flatwares Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Table Knife
- Table Fork
- Table Spoon
- Others
- By Application:
- Home Use
- Commercial Use
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Flatwares Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A flatware set is a collection of dinnerware, consisting of knives and forks, spoons and ladles.
Some of the major companies in the flatwares market are BergHOFF, Cambridge Silversmith, Ginkgo, Wallace, Yamazaki, Reed & Barton, Elegance, Farberware, Gourmet Basics by Mikasa, KINDWER, BergHOFF, Oneida, Mikasa, Red Vanilla, Dansk, International Silver, Gorham, WMF.
The flatwares market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Flatwares Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Flatwares Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Flatwares Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Flatwares Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Flatwares Market Size & Forecast, 2020-2028
4.5.1 Flatwares Market Size and Y-o-Y Growth
4.5.2 Flatwares Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Table Knife
5.2.2 Table Fork
5.2.3 Table Spoon
5.2.4 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Home Use
6.2.2 Commercial Use
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Flatwares Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Flatwares Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Table Knife
9.6.2 Table Fork
9.6.3 Table Spoon
9.6.4 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Home Use
9.10.2 Commercial Use
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Table Knife
10.6.2 Table Fork
10.6.3 Table Spoon
10.6.4 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Home Use
10.10.2 Commercial Use
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Table Knife
11.6.2 Table Fork
11.6.3 Table Spoon
11.6.4 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Home Use
11.10.2 Commercial Use
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Table Knife
12.6.2 Table Fork
12.6.3 Table Spoon
12.6.4 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Home Use
12.10.2 Commercial Use
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Table Knife
13.6.2 Table Fork
13.6.3 Table Spoon
13.6.4 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Home Use
13.10.2 Commercial Use
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Flatwares Market: Competitive Dashboard
14.2 Global Flatwares Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 BergHOFF
14.3.2 Cambridge Silversmith
14.3.3 Ginkgo
14.3.4 Wallace
14.3.5 Yamazaki
14.3.6 Reed & Barton
14.3.7 Elegance
14.3.8 Farberware
14.3.9 Gourmet Basics by Mikasa
14.3.10 KINDWER
14.3.11 BergHOFF
14.3.12 Oneida
14.3.13 Mikasa
14.3.14 Red Vanilla
14.3.15 Dansk
14.3.16 International Silver
14.3.17 Gorham
14.3.18 WMF
