Market Trends of Ceramic Tableware Industry
This section covers the major market trends shaping the Ceramic Tableware Market according to our research experts:
Rapid Growth of Online Sales is Driving the Market
The sales of ceramic tableware through the online channel are growing swiftly due to the increasing penetration of the internet and smartphones globally. The factors such as ease of shopping, hefty discounts, and better payment and return policies are encouraging consumers to purchase ceramic tableware online. Moreover, the young working population with hectic schedules prefer online channels as their purchase medium rather than offline due to easy access and doorstep service. This, in turn, is expected to fuel the growth of the market in the forthcoming years.
In countries such as the United States and United Kindom, e-commerce based houseware and tableware product sales are increasing since the last few years and the growth trend is expected to continue. The online retail channel is also expanding rapidly in several other countries such as China, India, Germany, and the UK. The e-commerce channel will be an integral medium for ceramic tableware products worldwide and will contribute significantly to the ceramic tableware market growth in the forecast period.
Asia-Pacific and Europe are Dominating the Ceramic Tableware Market
The Asia Pacific is one of the fastest-growing regional markets for Ceramics tableware due to high demand from developing countries such as India and China. The rise in disposable income and brand consciousness has led to high demand for branded ceramic tableware in the Asia Pacific region. The increasing number of houses due to the growing population and rapid development is also a prominent driving factor. Moreover, the rising number of hotels, restaurants, and other options of dining out is fueling the regional market growth in the forecast period.
Europe is also one of the dominant markets in the ceramic tableware industry. In Europe Germany, the UK, and France are major producers of ceramics tableware and the European brands are anticipated to dominate the global high-end market for tableware products in the forecast period.
