Global Ceramic Tableware Market 2019-2023
About this market
Increasing home renovation and modular kitchen projects to drive growth in the market. This trend is expected to spread across other regions amid increasing disposable income and rapid urbanization. Technavio’s analysts have predicted that the ceramic tableware market will register a CAGR of more than 5% by 2023.
Rapid growth of online retail sales
Sales of ceramic tableware through the online channel is growing rapidly with the high penetration of smartphones and the internet globally.
Limitations of ceramic tableware
Market growth can be challenged by the disadvantages of ceramic tableware such as low durability and the presence of lead in ceramic tableware.
For the detailed list of factors that will drive and challenge the growth of the ceramic tableware market during the 2019-2023, view our report.
The market appears to be fragmented and with the presence of several companies including Fiskars and Groupe SEB the competitive environment is quite intense. Factors such as the rising home renovation and modular kitchen projects and the rapid growth of online retail sales, will provide considerable growth opportunities to ceramic tableware manufactures. Fiskars, Groupe SEB, Libbey, RAK Ceramics, and Villeroy & Boch are some of the major companies covered in this report.
Technavio Announces the Publication of its Research Report – Global Ceramic Tableware Market 2019-2023
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is the growing home renovation and modular kitchen projects.”
According to the report, one of the major drivers for this market is the rapid growth of online retail sales.
Further, the report states that one of the major factors hindering the growth of this market is the limitations of ceramic tableware.
Villeroy & Boch