Global Commercial Tabletop Kitchen Products Market is valued approximately USD 9.93 billion in 2020 and is anticipated to grow with a healthy growth rate of more than 7.5 % over the forecast period 2021-2027. Commercial Tabletop Kitchen Products are being used extensively due to significant development in the foodservice and hospitality industry like the rising adoption of serving ware. Further, rising disposable incomes, changing lifestyles, and increasing social trends promoting social dining has led the adoption of Commercial Tabletop Kitchen Products across the forecast period. The social trend has also increased the number of quick-service restaurants (QSR). For Instance: According to the United States Department of Agriculture, the number of quick-service restaurants operating in the U.S. grew by approximately 20% from 2000 to 2015. The rising commercial construction projects across the world are expected to boost the market growth. For instance: in 2019, according to the Census Bureau, the U.S. construction industry was worth USD 1.3 trillion. However, rising home deliveries by the consumers from restaurants and disposable cutlery, flatware, & drinkware products impedes the growth of the market over the forecast period of 2021-2027. Also, with the improving living standards and product innovations with respect to strain-resistant properties & low-maintenance quality, the adoption & demand for Commercial Tabletop Kitchen Products is likely to increase.
The regional analysis of global Commercial Tabletop Kitchen Products market is dominated by the Asia Pacific among the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. Asia-Pacific is the significant region across the world in terms of market share owing to rising disposable incomes of consumers, rapid urbanization, and large population.. Whereas, North America is also anticipated to exhibit CAGR over the forecast period 2021-2027. Factors such as expansion of commercial spaces, expanding hospitality sector and developed supply chain would create lucrative growth prospects for the Commercial Tabletop Kitchen Products market across Asia-Pacific region.
Major market player included in this report are:
The Oneida Group, Inc.
Villeroy & Boch AG
BHS Tabletop AG
Lifetime Brands, Inc.
The Vollrath Co., L.L.C.
Sambonet Paderno Industrie S.p.A.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2018, 2019
Base year – 2020
Forecast period – 2021 to 2027
Target Audience of the Global Commercial Tabletop Kitchen Products Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Value-Added Resellers (VARs)
Third-party knowledge providers