Global Cutlery Market to Increase at 6.7% CAGR through 2022, Expects Beige Market Intelligence in Its Topical Report Available at MarketPublishers.com27 Jun 2017 • by Natalie Aster
LONDON – In the wake of the rising household number, expanding property market and increasing disposable income, the world’s cutlery market is anticipated to see steady growth at a high single-digit CAGR of 6.7% through 2022.
As of 2016, the cutlery market was dominated by the metal based sector, which is expected to continue holding the leading position through 2022. Whilst the demand for metal cutlery is strong in the developed countries (for instance, the US and the UK), it is also gaining traction in the emerging countries.
The low-end sector is the most rapidly increasing in terms of price range; this sector currently dominates the cutlery market.
Today, Western Europe ranks the top revenue contributor to the cutlery market. Whilst the Western European countries are viewed as the saturated markets for cutlery, the Eastern European countries are in the growing stage. APAC ranks the second leading regional market for cutlery.
The topical research study “Global Cutlery Market - Strategic Assessment and Forecast 2017-2022” elaborated by Beige Market Intelligence gives an extensive all-round analysis of the cutlery market at different geographical levels and contains a comprehensive overview of different factors limiting and driving growth in the cutlery market. Besides, this research report identifies and discusses the emerging trends and opportunities, covers the major challenges and barriers, includes Porter’s five forces analysis, and reviews the competitive scenario and top companies. Moreover, the report comprises a granular analysis of the market segmentation and dynamics, touches upon historical development patterns and reviews the recent industry changes. Future forecasts through 2022 for the cutlery market are also at hand in this report.
Beige Market Intelligence catalogue includes many other topical research reports by this publisher.