One of the prime factors concerning the global and Egypt glass tableware market is the imminent point of saturation that it is heading towards in the developed economies of North America and Europe. Sales figures have been steadily dwindling and manufacturers of glass tableware are taking certain measures to maintain a certain level of growth.
The global and Egypt glass tableware market was valued at US$6.2 bn in 2011. Projecting itself from this base value, the market is expected to grow at a steady CAGR from 2011 to 2017. The key players in the global glass tableware market are Libbey, Inc., Arc International, WMF, Bormioli Rocco Group, and Lenox Corporation. The global market was dominated by Arc International. The second-largest players in the global glass tableware market was Libbey, Inc. The Egypt glass tableware market was led by the companies El Nasr Glass and Crystal Co. and Egyptian Glass Co.
Beverage-ware Market to Slow Down in Some Regions
The beverage-ware market in East Europe and North America is expected to display a steady growth rate owing to the shifting consumer focus for crystal beverage glassware. Crystal glassware is highly preferred due to superior aesthetics. Crystal beverage-ware is also increasingly preferred in the hotel industry for the same reasons. The global and Egypt glass tableware market, however, can be impeded by the fact that most glass beverage-ware is used for serving alcohol, which is banned in several regions because of cultural boundaries against the consumption of alcohol. Due to this, many developing economies that have the financial capability to facilitate a demand for glass tableware will not show a demand previously anticipated. This restraint can be mitigated by the rapid rise of economies from the MEA and APAC and their increasing demand for glass tableware, especially in the hospitality industry.
Improving Disposable Incomes Boost Global and Egypt Glass Tableware Market
The emerging economies of the world work as a double advantage for the global and Egypt glass tableware market. As more individuals are earning higher disposable incomes, more of them can afford to eat outside, creating a demand for glass tableware in the hospitality industry. At the same time, the developing economies are creating more opportunities for citizens and employees to travel for business, increasing the demand for glass tableware in hotels and on flights. With this rise in number of consumers going out to eat and traveling more, the global and Egypt glass tableware market is expected to reap the most benefit from this scenario. Thus several factors such as economic development of emerging nations, the growing number of households with greater disposable income, and the improvements made in the manufacturing and packaging of glass tableware are fuelling demand from the global and Egypt glass tableware market.
Browse the full Global And Egypt Glass Tableware Market report at http://www.mrrse.com/glass-tableware-market
As far as the regional aspects of the global and Egypt glass tableware market are concerned, the market will be led by EMEA and APAC, which means all the prominent international players will possibly attempt to enter these markets in order to achieve a greater demand rate.