The global AA market accounted for USD 50,424 Million in 2020 and is expected to reach USD 75,828 Billion by 2028, growing at a CAGR of 4.8% from 2021 to 2028.
Market Overview
In terms of revenue, the global AA market accounted for USD 50,424 Million in 2020 and is expected to reach USD 75,828 Billion by 2028, growing at a CAGR of 4.8% from 2021 to 2028.
Kitchenware are products that are used as tools, utensils, and cookware made up of several metals like aluminum, copper, iron and lead along with alloys, and non-metals. The general kitchen products include food storage utensils, cookware and dinnerware sets, and other tools that can be used for cutting different food items, heating food on fire, crushing, and baking, blending, and measuring purposes. Kitchenware products are also helpful to store food before and after preparation. One of the major factors that drives the market is upward penetration of technology and internet-enabled devices which has allowed several vendors in the global kitchenware market place to increase their presence on e-commerce channels. The growing importance of cookware aesthetics and functionality and increasing awareness among consumers of using more environmentally friendly products are the major global kitchenware market trends.
COVID-19 Impact Analysis
During the pandemic many small companies have shut down. Due to lockdown in almost all countries across the globe, Hotels and Motel Businesses is also suffering. Owing to the lockdown during pandemic the hotels and motel Business were totally shutdown, commercial activities such and fast foods and others are also under strict restrictions. Also, the distribution channel for the kitchenware is also affected owing to the ban on travelling. Such factors have hampered the growth of the kitchenware market. However, after a rough phase, all the activities can be seen to get on track with new inflow of investments. In developing countries, the food holds the huge demand owing to the increasing investment, improving infrastructure and increasing population. Adoption of the online portals through various third party channels will help in gaining the market in long term process.
Growth Factors
Emerging market economies in developing countries are significant in driving global economic growth. Currently, emerging market countries generate more than 50% of the world’s economic growth. By 2050, it is projected that the main three largest economies will be China, India, and the United States, two of the three countries out of them are emerging market economies. Emerging market economy is transforming from a less advanced, less income and pre-industrial economy to a modern, industrial economy with a developed standard of living. For the prospect of high returns, investors seek out emerging markets, since they frequently experience faster economic growth as measured by GDP. Moreover, emerging economies such as India, China, and Brazil are vigorously looking towards their infrastructure development.
The economic growth of countries with an emerging market economy typically grows by 6% to 7% annually, whereas countries with an already well-established economy report a growth rate below 3%. As a consequence, the GDP growth rates for developing market economies outperform those of developed nations. Economic improvement in a country can lift its people out of poverty, which shifts them into the middle class. As countries increase their productivity levels and make use of additional streams of income, it provides individuals with a higher standard of living. The rising preference for integrated kitchens, coupled with the improving living standards is also anticipated to augment the growth of the market.
Report Scope:
Report Attribute | Details |
---|---|
Base Year | 2020 |
Historic Years | 2016 - 2020 |
Forecast Years | 2021 - 2028 |
Segments Covered | By Product Type, By Application, and By End Use |
Forecast Units | Value (USD Billion), and Volume (Units) |
Quantitative Units | Revenue in USD million/billion and CAGR from 2021 to 2028 |
Regions Covered | North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World |
Countries Covered | U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others |
Number of Companies Covered | 10 companies with scope for including additional 15 companies upon request |
Report Coverage | Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis. |
Customization Scope | Avail customized purchase options to meet your exact research needs. |
Distribution Channel Segment Analysis Preview:
In today's society, people are living a very busy life. With the increasing pressure from work and family, many consumers live a fast-paced lifestyle which has changed their quality of life. This has led to a significant change in consumer buying behaviors as they look for convenience and products that can help them manage the numerous demands on their time. In this modern society, people have a lot of different choices when it comes to shopping. Owing to the busy lifestyle people are shifting towards online trend. Also, the availability of lot of options and with several discounts on buying is fueling the adoption of the online shopping.
Regional Analysis Preview
North America is projected to continue dominating the global Kitchenware Market. Factors propelling growth in the North American market are increasing number of constructions, residential and commercial areas. Owing to the increasing number of populations the residential areas are growing tremendously. Also, the adoption of hotel foods is also increasing owing to the increasing population and busy lifestyle. Also, the spending power of people is also increasing leading to increase in the adoption of hotel uses and new building and constructions. Moreover, the presence of major key players also players an important role in boosting the growth of the kitchenware market in North America market. There are 54,200+ hotel properties in the United States, filling over 5 million guestrooms. There are more than 1.1 billion guest’s nights annually in the United States which can also be the reason for the growth of the kitchenware market.
Asia Pacific is holding the second position in the global market. India and China are the leading economies in the regions and holding a prominent position in the regional Kitchenware Market. In last few years, the region has witnessed a significant growth in the kitchenware market owing to increases in construction activities for residential and commercial areas. The regional market has constantly been experiencing a surge in the overall output. Asia Pacific has strong presence of hotels and Motel’s businesses. They are majorly concentrated in India, China, Japan, among others. In addition to this, a greater number of hotels and Motel’s businesses plans are being shifted to the region because of cheap labor, favorable government regulations, and population base. Also, the growing residential areas along with population have boosted the demand for kitchenware market in this region. During last few years there is significant increase in the investment in hotel industry. Different companies are focusing to enter in the market owing to the presence of huge untapped opportunity.
Key Market Players & Competitive Landscape
Some of key players in Kitchenware Market are,
The Kitchenware Market is segmented as follows:
Type Segment Analysis
Distribution Channel Segment Analysis
Global Kitchenware Market: Regional Segment Analysis
List of Figures
FIG NO. 1. Market Attractiveness Analysis, By Type
FIG NO. 2. Market Attractiveness Analysis, By Distribution Channel
FIG NO. 3. Market Attractiveness Analysis, By Region
FIG NO. 4. Global Kitchenware Market Revenue, 2016 – 2028 (USD Million)
FIG NO. 5. Impact of COVID-19 Pandemic in North America Countries
FIG NO. 6. Impact of COVID-19 Pandemic in Europe Countries
FIG NO. 7. Impact of COVID-19 Pandemic in Asia Pacific Countries
FIG NO. 8. Impact of COVID-19 Pandemic in Latin America Countries
FIG NO. 9. Impact of COVID-19 Pandemic in Middle East & Africa Countries
FIG NO. 10. Market Revenue Share, By Type, 2020 & 2028
FIG NO. 11. Global Kitchenware Market for Food Storage, Revenue (USD Million) 2016 – 2028
FIG NO. 12. Comparative Revenue Analysis of Kitchenware Market for Food Storage, By Country, 2020 & 2028 (USD Million)
FIG NO. 13. Global Kitchenware Market for Cookware, Revenue (USD Million) 2016 – 2028
FIG NO. 14. Comparative Revenue Analysis of Kitchenware Market for Cookware, By Country, 2020 & 2028 (USD Million)
FIG NO. 15. Global Kitchenware Market for Stainless Steel, Revenue (USD Million) 2016 – 2028
FIG NO. 16. Global Kitchenware Market for Cast Iron, Revenue (USD Million) 2016 – 2028
FIG NO. 17. Global Kitchenware Market for Ceramic, Revenue (USD Million) 2016 – 2028
FIG NO. 18. Global Kitchenware Market for Others, Revenue (USD Million) 2016 – 2028
FIG NO. 19. Global Kitchenware Market for Dinnerware, Revenue (USD Million) 2016 – 2028
FIG NO. 20. Comparative Revenue Analysis of Kitchenware Market for Dinnerware, By Country, 2020 & 2028 (USD Million)
FIG NO. 21. Global Kitchenware Market for Stainless Steel, Revenue (USD Million) 2016 – 2028
FIG NO. 22. Global Kitchenware Market for Plastic, Revenue (USD Million) 2016 – 2028
FIG NO. 23. Global Kitchenware Market for Others, Revenue (USD Million) 2016 – 2028
FIG NO. 24. Global Kitchenware Market for Dish Drying Racks & Shelves, Revenue (USD Million) 2016 – 2028
FIG NO. 25. Comparative Revenue Analysis of Kitchenware Market for Dish Drying Racks & Shelves, By Country, 2020 & 2028 (USD Million)
FIG NO. 26. Global Kitchenware Market for Stainless Steel, Revenue (USD Million) 2016 – 2028
FIG NO. 27. Global Kitchenware Market for Plastic, Revenue (USD Million) 2016 – 2028
FIG NO. 28. Global Kitchenware Market for Others, Revenue (USD Million) 2016 – 2028
FIG NO. 29. Global Kitchenware Market for Others, Revenue (USD Million) 2016 – 2028
FIG NO. 30. Comparative Revenue Analysis of Kitchenware Market for Others, By Country, 2020 & 2028 (USD Million)
FIG NO. 31. Market Revenue Share, By Distribution Channel, 2020 & 2028
FIG NO. 32. Global Kitchenware Market for Supermarkets/Hypermarkets, Revenue (USD Million) 2016 – 2028
FIG NO. 33. Comparative Revenue Analysis of Kitchenware Market for Supermarkets/Hypermarkets, By Country, 2020 & 2028 (USD Million)
FIG NO. 34. Global Kitchenware Market for Specialty Retail, Revenue (USD Million) 2016 – 2028
FIG NO. 35. Comparative Revenue Analysis of Kitchenware Market for Specialty Retail, By Country, 2020 & 2028 (USD Million)
FIG NO. 36. Global Kitchenware Market for Online Retail, Revenue (USD Million) 2016 – 2028
FIG NO. 37. Comparative Revenue Analysis of Kitchenware Market for Online Retail, By Country, 2020 & 2028 (USD Million)
FIG NO. 38. Global Kitchenware Market for Others, Revenue (USD Million) 2016 – 2028
FIG NO. 39. Comparative Revenue Analysis of Kitchenware Market for Others, By Country, 2020 & 2028 (USD Million)
FIG NO. 40. Global Kitchenware Market Revenue Share, By Region, 2020 & 2028
FIG NO. 41. North America Kitchenware Market Revenue, 2016 - 2028 (USD Million)
FIG NO. 42. Europe Kitchenware Market Revenue, 2016 - 2028 (USD Million)
List of Tables
TABLE NO. 1: Global Kitchenware Market: Snapshot
TABLE NO. 2: Pre COVID-19 Market Revenue, By Region, 2016-2019 (USD Million)
TABLE NO. 3: Post COVID-19 Market Revenue, By Region, 2020-2028 (USD Million)
TABLE NO. 4: Global Kitchenware Market for Food Storage, by Region, 2016 – 2028 (USD Million)
TABLE NO. 5: Global Kitchenware Market for Cookware, by Region, 2016 – 2028 (USD Million)
TABLE NO. 6: Global Kitchenware Market for Stainless Steel, by Region, 2016 – 2028 (USD Million)
TABLE NO. 7: Global Kitchenware Market for Cast Iron, by Region, 2016 – 2028 (USD Million)
TABLE NO. 8: Global Kitchenware Market for Ceramic, by Region, 2016 – 2028 (USD Million)
TABLE NO. 9: Global Kitchenware Market for Others, by Region, 2016 – 2028 (USD Million)
TABLE NO. 10: Global Kitchenware Market for Dinnerware, by Region, 2016 – 2028 (USD Million)
TABLE NO. 11: Global Kitchenware Market for Stainless Steel, by Region, 2016 – 2028 (USD Million)
TABLE NO. 12: Global Kitchenware Market for Plastic, by Region, 2016 – 2028 (USD Million)
TABLE NO. 13: Global Kitchenware Market for Others, by Region, 2016 – 2028 (USD Million)
TABLE NO. 14: Global Kitchenware Market for Dish Drying Racks & Shelves, by Region, 2016 – 2028 (USD Million)
TABLE NO. 15: Global Kitchenware Market for Stainless Steel, by Region, 2016 – 2028 (USD Million)
TABLE NO. 16: Global Kitchenware Market for Plastic, by Region, 2016 – 2028 (USD Million)
TABLE NO. 17: Global Kitchenware Market for Others, by Region, 2016 – 2028 (USD Million)
TABLE NO. 18: Global Kitchenware Market for Others, by Region, 2016 – 2028 (USD Million)
TABLE NO. 19: Global Kitchenware Market for Supermarkets/Hypermarkets, by Region, 2016 – 2028 (USD Million)
TABLE NO. 20: Global Kitchenware Market for Specialty Retail, by Region, 2016 – 2028 (USD Million)
TABLE NO. 21: Global Kitchenware Market for Online Retail, by Region, 2016 – 2028 (USD Million)
TABLE NO. 22: Global Kitchenware Market for Others, by Region, 2016 – 2028 (USD Million)
TABLE NO. 23: Global Kitchenware Market Revenue, By Region, 2016 – 2028 (USD Million)
TABLE NO. 24: North America Kitchenware Market Revenue, By Country, 2016 – 2028 (USD Million)
TABLE NO. 25: North America Kitchenware Market Revenue, By Type, 2016 – 2028 (USD Million)
TABLE NO. 26: North America Kitchenware Market Revenue, By Distribution Channel, 2016 – 2028 (USD Million)
TABLE NO. 27: U.S. Kitchenware Market Revenue, By Type, 2016 – 2028 (USD Million)
TABLE NO. 28: U.S. Kitchenware Market Revenue, By Distribution Channel, 2016 – 2028 (USD Million)
TABLE NO. 29: Canada Kitchenware Market Revenue, By Type, 2016 – 2028 (USD Million)
TABLE NO. 30: Canada Kitchenware Market Revenue, By Distribution Channel, 2016 – 2028 (USD Million)
TABLE NO. 31: Mexico Kitchenware Market Revenue, By Type, 2016 – 2028 (USD Million)
TABLE NO. 32: Mexico Kitchenware Market Revenue, By Distribution Channel, 2016 – 2028 (USD Million)
TABLE NO. 33: Europe Kitchenware Market Revenue, By Country, 2016 – 2028 (USD Million)
TABLE NO. 34: Europe Kitchenware Market Revenue, By Type, 2016 – 2028 (USD Million)
TABLE NO. 35: Europe Kitchenware Market Revenue, By Distribution Channel, 2016 – 2028 (USD Million)
TABLE NO. 36: Germany Kitchenware Market Revenue, By Type, 2016 – 2028 (USD Million)
TABLE NO. 37: Germany Kitchenware Market Revenue, By Distribution Channel, 2016 – 2028 (USD Million)
TABLE NO. 38: France Kitchenware Market Revenue, By Type, 2016 – 2028 (USD Million)
TABLE NO. 39: France Kitchenware Market Revenue, By Distribution Channel, 2016 – 2028 (USD Million)
TABLE NO. 40: U.K. Kitchenware Market Revenue, By Type, 2016 – 2028 (USD Million)
TABLE NO. 41: U.K. Kitchenware Market Revenue, By Distribution Channel, 2016 – 2028 (USD Million)
TABLE NO. 42: Italy Kitchenware Market Revenue, By Type, 2016 – 2028 (USD Million)
TABLE NO. 43: Italy Kitchenware Market Revenue, By Distribution Channel, 2016 – 2028 (USD Million)
TABLE NO. 44: Spain Kitchenware Market Revenue, By Type, 2016 – 2028 (USD Million)
TABLE NO. 45: Spain Kitchenware Market Revenue, By Distribution Channel, 2016 – 2028 (USD Million)
TABLE NO. 46: Rest of Europe Kitchenware Market Revenue, By Type, 2016 – 2028 (USD Million)
TABLE NO. 47: Rest of Europe Kitchenware Market Revenue, By Distribution Channel, 2016 – 2028 (USD Million)
TABLE NO. 48: Asia Pacific Kitchenware Market Revenue, By Country, 2016 – 2028 (USD Million)
TABLE NO. 49: Asia Pacific Kitchenware Market Revenue, By Type, 2016 – 2028 (USD Million)
TABLE NO. 50: Asia Pacific Kitchenware Market Revenue, By Distribution Channel, 2016 – 2028 (USD Million)
TABLE NO. 51: China Kitchenware Market Revenue, By Type, 2016 – 2028 (USD Million)
TABLE NO. 52: China Kitchenware Market Revenue, By Distribution Channel, 2016 – 2028 (USD Million)
TABLE NO. 53: Japan Kitchenware Market Revenue, By Type, 2016 – 2028 (USD Million)
TABLE NO. 54: Japan Kitchenware Market Revenue, By Distribution Channel, 2016 – 2028 (USD Million)
TABLE NO. 55: India Kitchenware Market Revenue, By Type, 2016 – 2028 (USD Million)
TABLE NO. 56: India Kitchenware Market Revenue, By Distribution Channel, 2016 – 2028 (USD Million)
TABLE NO. 57: South Korea Kitchenware Market Revenue, By Type, 2016 – 2028 (USD Million)
TABLE NO. 58: South Korea Kitchenware Market Revenue, By Distribution Channel, 2016 – 2028 (USD Million)
TABLE NO. 59: South-East Asia Kitchenware Market Revenue, By Type, 2016 – 2028 (USD Million)
TABLE NO. 60: South-East Asia Kitchenware Market Revenue, By Distribution Channel, 2016 – 2028 (USD Million)
TABLE NO. 61: Rest of Asia Pacific Kitchenware Market Revenue, By Type, 2016 – 2028 (USD Million)
TABLE NO. 62: Rest of Asia Pacific Kitchenware Market Revenue, By Distribution Channel, 2016 – 2028 (USD Million)
TABLE NO. 63: Latin America Kitchenware Market Revenue, By Country, 2016 – 2028 (USD Million)
TABLE NO. 64: Latin America Kitchenware Market Revenue, By Type, 2016 – 2028 (USD Million)
TABLE NO. 65: Latin America Kitchenware Market Revenue, By Distribution Channel, 2016 – 2028 (USD Million)
TABLE NO. 66: Brazil Kitchenware Market Revenue, By Type, 2016 – 2028 (USD Million)
TABLE NO. 67: Brazil Kitchenware Market Revenue, By Distribution Channel, 2016 – 2028 (USD Million)
TABLE NO. 68: Argentina Kitchenware Market Revenue, By Type, 2016 – 2028 (USD Million)
TABLE NO. 69: Argentina Kitchenware Market Revenue, By Distribution Channel, 2016 – 2028 (USD Million)
TABLE NO. 70: Rest of Latin America Kitchenware Market Revenue, By Type, 2016 – 2028 (USD Million)
TABLE NO. 71: Rest of Latin America Kitchenware Market Revenue, By Distribution Channel, 2016 – 2028 (USD Million)
TABLE NO. 72: The Middle-East and Africa Kitchenware Market Revenue, By Country, 2016 – 2028 (USD Million)
TABLE NO. 73: The Middle-East and Africa Kitchenware Market Revenue, By Type, 2016 – 2028 (USD Million)
TABLE NO. 74: The Middle-East and Africa Kitchenware Market Revenue, By Distribution Channel, 2016 – 2028 (USD Million)
TABLE NO. 75: GCC Countries Kitchenware Market Revenue, By Type, 2016 – 2028 (USD Million)
TABLE NO. 76: GCC Countries Kitchenware Market Revenue, By Distribution Channel, 2016 – 2028 (USD Million)
TABLE NO. 77: South Africa Kitchenware Market Revenue, By Type, 2016 – 2028 (USD Million)
TABLE NO. 78: South Africa Kitchenware Market Revenue, By Distribution Channel, 2016 – 2028 (USD Million)
TABLE NO. 79: Rest of Middle-East Africa Kitchenware Market Revenue, By Type, 2016 – 2028 (USD Million)
TABLE NO. 80: Rest of Middle-East Africa Kitchenware Market Revenue, By Distribution Channel, 2016 – 2028 (USD Million)
TABLE NO. 81: Drivers for the Kitchenware Market: Impact Analysis
TABLE NO. 82: Restraints for the Kitchenware Market: Impact Analysis
Request the coronavirus impact analysis across industries and markets
The global Kitchenware Market was valued at USD 50,424 Million in 2020.
The global Kitchenware Market is expected to reach USD 75,828 Million by 2028, growing at a CAGR of 4.8% between 2021 to 2028.
Kitchenware Market Emerging market economies in developing countries are significant in driving global economic growth. Currently, emerging market countries generate more than 50% of the world’s economic growth.
North America held a substantial share of the Kitchenware Market in 2020.
Some of the major companies operating in the Kitchenware Market are Boffi, Scavolini S.p.a, Tupperware, Viners, Chasseur, Kenwood Limited, TTK Prestige Ltd., Miele, Whirlpool Corp., Kitchenaid.
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