Global Barware Market 2018-2022
Barware includes glassware, utensils, and other accessories used for preparing and serving alcoholic beverages. The products in the barware market include wine glasses, beer mugs, pitchers, and other tools.
Technavio’s analysts forecast the Global Barware Market to grow at a CAGR of 4.61% during the period 2018-2022.
Covered in this report
The report covers the present scenario and the growth prospects of the barware market. To calculate the market size, the report considers the revenue generated from the retail sales of barware across the globe.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report - Global Barware Market 2018-2022
Technavio recognizes the following companies as the key players in the global barware market: Fiskars, Libbey, Lifetime Brands, True Fabrications, and Zwiesel Kristallglas.
Commenting on the report, an analyst from Technavio’s team said: “One trend affecting this market is the growing use of barware as gifts. Personalizing barware as gifts is popular in Western Europe and North America, and the culture of self-gifting has become popular with consumers purchasing personalized gifts for self-use.”
According to the report, one driver influencing this market is the introduction of products with new designs and functions. The global barware market is likely to witness rapid growth owing to increased demand for barware sets, such as temperature-sensing glasses across the globe. Many barware suppliers offer freezable whiskey glasses that can keep drinks cool for up to two hours.
Further, the report states that one challenge affecting this market is the high competition from unorganized players. Well-established vendors face high competition from unorganized players that are not registered with the government and have irregular terms of employment.
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