What is Stainless Steel Tables Market?
Stainless steel tables are used in a wide variety of industries and applications, from kitchens to cleanrooms. Stainless Steel tables are crafted of 16 gauge 430 stainless steel and are recommended for industrial use. The steel investment is growing due to widely adopted from consumers of middle and lower-middle classes for home furniture. This is the major reason for leading the growth of the steel furniture market.
Highlights from Stainless Steel Tables Market Study
Attributes | Details |
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Study Period | 2017-2026 |
Base Year | 2019 |
Unit | Value (USD Million) |
Key Companies Profiled | Jindal stainless (India), Nippon Steel Corporation (Japan), China Baowu Group (China), Franke (Switzerland), HBIS Group (China), Shagang Group (China), Ansteel Group (China), JFE Steel Corporation (Japan), Jianlong Group (China), Shougang Group (China), Acerinox (Spain), ArcelorMittal (Luxembourg), Elkay Manufacturing (United States), Aperam (Luxembourg), POSCO (South Korea) and Moen (United States) |
The companies operating in this industry are focusing on efficient growth, improvement of operational efficiency and productivity, and focus on maintaining sustainable development. The players are focusing on securing a leading position in this industry. They are continuously looking for the opportunity to reinforce their competitive advantage. To meet high market share, and develop socially responsible business companies are identifying various strategic pillars such as mergers & acquisitions, product enhancements Research Analyst at AMA predicts that China Manufacturers will contribute to the maximum growth of Global Stainless Steel Tables market throughout the forecasted period.
Jindal stainless (India), Nippon Steel Corporation (Japan), China Baowu Group (China), Franke (Switzerland), HBIS Group (China), Shagang Group (China), Ansteel Group (China), JFE Steel Corporation (Japan), Jianlong Group (China), Shougang Group (China), Acerinox (Spain), ArcelorMittal (Luxembourg), Elkay Manufacturing (United States), Aperam (Luxembourg), POSCO (South Korea) and Moen (United States) are some of the key players profiled in the study. Additionally, the Manufacturers which are also part of the research are Continental Steel & Tube Co. (United States), Kohler Co. (United States), Reginox (Netherlands), ANUPAM (India), Cello (India), Hafele GmbH & Co KG (Germany), Bergsen, Inc. (United States) and A-1 Alloys (United States). Stainless Steel Tables Market Segmentation:
Scope | Sub-Segments |
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Application / End User | Residential, Commercial and Industrial |
Grades | 304 Grades,316 Grades,301 Grades,201 Grades,321 Grades,430 Grades,Other |
Distribution Channels | Online,Offline |
Material | Austenitic,Ferritic,Martensitic |
On the basis of geography, the market of Stainless Steel Tables has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Manufactures are focused on better conceptualizing and planning of capital investments and their project/program implementation and Trend for Customized Stainless Steel Furniture with Designs and Various Color Patterns
Market Growth Drivers:
Increasing Use of Stainless Steel Tables in Homes Because they Provide a Comfortable and Stylish look in Home and Demand for High-quality Stainless Steel Tables over low-grade
Challenges:
Challenge of Development in Stainless Steel Tables Industry
Restraints:
Steel Furniture Can Damage Finished or Wooden Floors Can Hamper the Growth
Opportunities:
Growing Opportunities of Stainless Steel Tables in Emerging Countries like China, India and Increasing Adoption of Stainless Steel Tables at Commercial Places such as Restaurants, Hotels, and Cafes
Key Target Audience
Stainless Steel Tables Manufacture /Suppliers, Regulatory Bodies, Potential Investors, New Entrants, Research and Development Institutes and Others
Market Leaders & Development Strategies
On 24th Sep 2020, TTK Prestige enters dining table segment with launch stainless steel casseroles. We have seen a huge demand spike not just for high end casseroles but also for kitchenware. Keeping that in mind, we have come up with two ranges – a vanilla me-too range of stainless steel TT Jagannathan, Chairman, TTK Group told BusinessLine.