According to a new report published by UnivDatos the Cookware Products Market is expected to grow at a CAGR of around 6% from 2022-2028.
The analysis has been segmented into Product (Pots & Pans, Pressure Cooker, Cooking Racks, Cooking Tools, Microwave Cookware); Material (Stainless Steel, Aluminum, Glass, Others); Application (Residential, Commercial); Distribution Channel (Online, Offline); Region/Country.
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The cookware products market report has been
aggregated by collecting informative data on various dynamics such as market
drivers, restraints, and opportunities. This innovative report makes use of
several analyses to get a closer outlook on the cookware products market. The cookware products market report offers a detailed analysis of the latest
industry developments and trending factors in the market that are influencing the market growth. Furthermore, this statistical market research
repository examines and estimates the Cookware Products market at the global and regional levels.
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Market Overview
The popularity
of cooking programs like Anthony Bourdainc coupled with the rising number of
cooks are attracting more people's attention to modular kitchen and cookware
products. Additionally, the introduction of new dishes necessitating the use of
specialist cookware and the rising popularity of international levels cooking events
like the Global Chefs Challenge, Culinary Olympics, World Food Championships,
and others are driving market demand for cookware globally.
Over the
projected period, it is anticipated that the rapid
uptake of gas stovetops and LPG connections in developing nations will increase
significantly. As an illustration, the Pradhan Mantri Ujjwala Yojana in India
offers free LPG gas connections. as of May 1, 2021
The Cookware Products Market is expected to grow at a steady rate of around 6%. Due to
expanding consumer preference for modular kitchens, increased spending on home remodeling or improvement
projects is also boosting product demand. Home renovation spending has
increased at a 6% annual rate over the past three years starting in 2015,
according to the Leading Index for remodeling activities. Additionally, manufacturers are collaborating
with builders and contractors to provide the kitchen with the right cookware
supplies.
Some of the
major players operating in the market include
Groupe SEB, Werhahn Group, Gorenje Group, Meyer Corporation, Fissler GmbH, Tramontina USA Icnc., Newell Brands
Inc., TTK Prestige Ltd., The Vollarath Co., and Hawkins Cookers Limited.
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COVID-19 Impact
The COVID-19 epidemic has caused a sea change in people's perceptions about health and
the kitchen setting. Working from home, making purchases on online
marketplaces, and having extra spending money available since they don't have to pay for travel or outdoor recreation expenses are a
few important variables the business has been seeing
The global Cookware Products market report is studied thoroughly with several aspects
that would help stakeholders in making their decisions more curated.
Based on application, the market is segmented into Residential and Commercial. The residential category grabbed the major market share and dominated the market in 2020. The market is being driven primarily by the increase of new
residential buildings, increased
urbanization, and the rise of nuclear families. Thus, it is anticipated that in the
upcoming years, these changes in the residential household category would fuel
the need for cookware.
Based on the distribution channel, the market is
categorized into online and offline. Among these, the offline segment grabbed the major market share and dominated
the market in 2020. The flexibility of choice, lower costs, and increased
visibility of global brands are just a few of the considerable benefits that
consumers can enjoy from the offline distribution channel.
Have a Look at the Chapters
Cookware Products Market Geographical Segmentation Includes:
North America (United States, Canada, and Rest of North
America)
Europe (Germany, United Kingdom, Spain, Italy, France, and the Rest of Europe)
Asia-Pacific (China, Japan, India, and the Rest of Asia-Pacific)
Rest of the World
APAC is anticipated to grow at a substantial CAGR during the forecast period. The continuous expansion of the residential sector,
increasing number of home remodeling and renovation projects, and rising
disposable income are likely to generate significant demand for cookware
products over the forecast period. However, the North America region would witness a considerable CAGR during the forthcoming years.
The major players targeting the market include
Groupe SEB
Werhahn Group
Gorenje Group
Meyer Corporation
Fissler GmbH
Tramontina US Inc.
Newell Brands Inc.
TTK Prestige Ltd.
The Vollarath Co.
Hawkins Cookers Limited
Click here to view the Report Description & TOC: https://univdatos.com/reports/cookware-products-market
Competitive Landscape
The degree of
competition among prominent global companies has been elaborated by analyzing
several leading key players operating worldwide. The specialist team of research analysts sheds
light on various traits such as global market competition, market share, most
recent industry advancements, innovative product launches, partnerships,
mergers, or acquisitions by leading companies in the Cookware Products market. The major players have been analyzed by using
research methodologies for getting insight views on global competition.
Key questions resolved through this analytical market
research report include:
• What are the
latest trends, new patterns, and technological advancements in the Cookware Products market?
• Which
factors are influencing the Cookware Products market over the forecast
period?
• What are the
global challenges, threats, and risks in the Cookware Products market?
• Which
factors are propelling and restraining the Cookware Products market?
• What are the
demanding global regions of the Cookware Products market?
• What will be
the global market size in the upcoming years?
• What are the
crucial market acquisition strategies and policies applied by global companies?
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businesses, regions, and countries, we offer customized reports as per your
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