Commercial Tabletop Kitchen Products Market: Porcelain Material Segment Is Projected To Expand At The Highest CAGR Of 8.3%

 Commercial Tabletop Kitchen Products Industry Overview

The global commercial tabletop kitchen products market size is expected to reach USD 17.74 billion by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 7.5% from 2021 to 2028. The evolution of self-service kiosks and the popularity of buffet systems in restaurants have resulted in the growing adoption of commercial tabletop kitchen products. Besides, events such as holiday parties, business meetings, weddings, or any other social gathering require feeding a large number of people, wherein a buffet system is considered to be the ideal service option. This scenario is expected to result in the growing adoption of different buffet service utensils and serving ware, such as plates and drinkware.

 

The growing trend of food-away-from home, dining out, and takeout has been presenting lucrative growth opportunities for restaurants and eating joints, which has resulted in a surge in the number of eateries. This has driven the need for various tabletop kitchen products for the preparation, service, and delivery of various kinds of foods. The growth of the restaurant industry is mainly attributed to the customer desire for convenience, socializing, and high-quality food and services. This has influenced restaurant owners to invest in modern and quality tabletop kitchen products, including dinnerware and buffet ware.

 

The rapidly increasing urbanization across developing economies is a prominent factor leading to a positive scenario for the market. In line with this, growing investments by countries in constructing office buildings, hotels, retail stores, malls, hospitals, and other commercial infrastructure will result in the subsequent demand for various kinds of tabletop kitchen products. According to Invest India, the construction market in India is expected to emerge as the third-largest globally by 2025. Similarly, in China, the number of private hospitals doubled to a total of 16,900 hospitals in 2017 from 2011. Such infrastructure development efforts are paving the way for various commercial tabletop kitchen products across countries.

Businesses are gradually shifting from brick-and-mortar sales to e-commerce portals due to increasing digitization, penetration of smartphones, and internet access. To expand product visibility, especially in the emerging markets, manufacturers are showcasing their products on various online platforms, such as company-owned portals and third-party retailers. Appropriate pricing, dealer margins, a strong distribution network, and brand awareness are some of the critical factors determining the success of industry players. Omnichannel is a new strategy implemented by manufacturers in the market.

Asia Pacific held the largest revenue share in 2020 and is expected to expand at the fastest CAGR over the forecast period. In Asia Pacific, China is likely to be at the forefront in terms of revenue share and is expected to expand at a notable CAGR from 2021 to 2028. Factors such as the increasing popularity of commercial tabletop kitchen products and the expanding hospitality sector in the country are driving the market in China. The presence of a large number of manufacturers of tabletop kitchen products in China is another factor boosting the market growth.


Commercial Tabletop Kitchen Products Market Segmentation

Grand View Research has segmented the global commercial tabletop kitchen products market on the basis of material & product and region:

Based on the Material & Product Insights, the market is segmented into Glassware, Porcelain, and Metal Ware.

  • The metal ware segment dominated the market with a share of over 43.0% in 2020. This is attributed to the increased adoption of metal ware in the commercial sector owing to its strain-resistant properties and low-maintenance quality. Product innovations, as well as new developments in this segment, are supporting the demand for metal ware products.
  • The porcelain segment is projected to expand at the highest CAGR of 8.3% from 2021 to 2028. The favorable properties of porcelain, such as strength, elasticity, permeability, cost-effectiveness, and translucency, have made it a highly durable tableware option. In addition, it has other advantages such as heat resistance, which makes it an excellent and practical material for microwave or oven dishes as it evenly distributes heat. 

 

Commercial Tabletop Kitchen Products Regional Outlook

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa (MEA)

 

Key Companies Profile & Market Share Insights

The market is characterized by the presence of several well-established players. These players account for a considerable market share and have a strong presence across the globe. The market also comprises small-to-midsized players, who offer a selected range of commercial tabletop kitchen products and mostly serve regional customers.

Companies in the market are focusing on introducing new innovative products to address the evolving needs of customers and gain a competitive advantage over other manufacturers. For instance, in September 2019, Studio William Welch Ltd. announced the release of three new cutlery ranges. Planish is the first new design to be launched by the company in almost 18 months and takes inspiration from a manufacturing process used to mold and shape steel and the decorative dimpled detailing it leaves behind. In further response to the ongoing customer demand for durable and affordable products, Raphia and Mimosa patterns were given a makeover and made available in the same satin finish. The first orders for Planish started shipping in November that year. Some prominent players in the global commercial tabletop kitchen products market include:

  • The Oneida Group, Inc.
  • Libbey Inc.
  • Villeroy & Boch AG
  • BHS Tabletop AG
  • Lifetime Brands, Inc.
  • Lenox Corporation
  • The Vollrath Co., L.L.C.

 

Order a free sample PDF of the Commercial Tabletop Kitchen Products Market Intelligence Study, published by Grand View Research.

 

About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

 

Contact:

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Corporate Sales Specialist, USA

Grand View Research, Inc.

Phone: 1-415-349-0058

Toll Free: 1-888-202-9519

Email: sales@grandviewresearch.com

Web: https://www.grandviewresearch.com

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