Global Glass Tableware Market 2019-2023 | Growing Use of Omnichannel Strategy to Boost Growth | Technavio

Global Glass Tableware Market 2019-2023 | Growing Use of Omnichannel Strategy to Boost Growth | Technavio

LONDON--(BUSINESS WIRE)--Nov 8, 2019--

The global glass tableware market size is expected to post a CAGR of over 3% during the period 2019-2023, according to the latest market research report by Technavio. Request a free sample report

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Technavio has announced its latest market research report titled global glass tableware market 2019-2023. (Graphic: Business Wire)

The growing number of organized retail stores is one of the major reasons for the glass tableware market growth. Organized retailers have grown significantly with the establishment of hypermarkets, supermarkets, and specialty stores. Supermarkets are a major distribution channel for glass tableware items as people can choose from a variety of glass dishes and glass beverageware. These stores also offer discounts on these products and better customer experience through proximity marketing, which is boosting the sales of glass tableware products through retail stores such as supermarkets and hypermarkets.

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As per Technavio, the growing use of omnichannel strategy by market vendors will have a positive impact on the market during the forecast period. This research report also analyzes other important trends and market drivers that will affect market growth over 2019-2023.

Glass Tableware Market: Growing Use of Omnichannel Strategy by Market Vendors

Conventionally, glassware products were only available in brick-and-mortar retail stores. However, the growing inclination towards glass tableware products has encouraged numerous manufacturers to start selling their products through their e-commerce websites. For instance, in 2017, Libbey invested USD 12.1 million in the launch of its e-commerce initiative, which is expected to contribute to the net sales and profitability of the company. This trend is expected to garner momentum during the forecast period with more glass tableware vendors trying to sell their products through e-commerce platforms.

“Other factors such as the increase in product launches by vendors, and the introduction of smartphone-based retail applications will have a significant impact on the growth of the glass tableware market value during the forecast period,” says a senior analyst at Technavio.

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Glass Tableware Market: Segmentation Analysis

This market research report segments the glass tableware market by product (glass dishes, beverageware, and others) and geography (APAC, Europe, MEA, South America, and North America).

The APAC region held the largest share of the market in 2019, followed by Europe, North America, South America, and MEA respectively. The growth of the glass tableware market share in APAC can be attributed to several factors such as increasing economic activities which include FDI, growth of per capita income, and the presence of established vendors in the region.

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Some of the key topics covered in the report include:

Market Landscape

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

Market Sizing

  • Market definition
  • Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

  • Regional comparison
  • Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

If you are interested in more information, please contact our media team at media@technavio.com.

View source version on businesswire.com:https://www.businesswire.com/news/home/20191108005245/en/

CONTACT: Technavio Research

Jesse Maida

Media & Marketing Executive

US: +1 844 364 1100

UK: +44 203 893 3200

www.technavio.com

KEYWORD:

INDUSTRY KEYWORD: PROFESSIONAL SERVICES ONLINE RETAIL DISCOUNT/VARIETY SUPERMARKET SPECIALTY TECHNOLOGY CATALOG RETAIL MARKETING COMMUNICATIONS OTHER TECHNOLOGY CONSULTING HOME GOODS

SOURCE: Technavio Research

Copyright Business Wire 2019.

PUB: 11/08/2019 07:30 AM/DISC: 11/08/2019 07:31 AM

http://www.businesswire.com/news/home/20191108005245/en

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