About Cutlery
Cutlery, also known as tableware or utensils, are tools such as knives, spoons and forks used for preparing, serving and especially for eating food. They are generally made of metals such as stainless steel or silver. Nowadays, they come in wonderful combinations spife (spoon and knife), spork (spoon and fork), and knork (knife and fork).
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Cutlery market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
IKEA (Netherlands), WMF Group (Germany), BergHOFF (United States), John Boos & Co. (United States), Picnic Time, Inc. (United States), KYOCERA International, Inc. (United States), Picnic at Ascot. (United States), Corelle Brands, LLC (United States), Zwilling J.A. Henckels (Germany) and KitchenAid (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Georg Jensen A/S (Denmark) and Shapes Products Pvt. Ltd. (India).
Segmentation Overview
AMA Research has segmented the market of Global Cutlery market by Type (Knife, Fork, Spoon and Others), Application (Home Use and Commercial) and Region.
On the basis of geography, the market of Cutlery 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). If we see Market by Distribution Channel, the sub-segment i.e. Online Channel will boost the Cutlery market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Material, the sub-segment i.e. Stainless Steel will boost the Cutlery market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Popularity of the Professional Cooking
Market Growth Drivers:
Introduction of New Advanced Materials for Cutlery Making, Increased Standard of Leaving Of the People in Many Countries and Rise in the Disposable Income of the People in Developing Regions
Challenges:
Environmental Issues Due To Improper Disposal of Plastic Made Cutlery
Restraints:
Volatility of the Raw Material Prices
Opportunities:
Rising Urbanization in the Developing Regions and Growing E-Commerce Industry
Market Leaders and their expansionary development strategies
In September 2021, Shun Cutlery introduced a new line of knives called the Higo series. The knives feature a traditional Japanese design with a folding blade and a bamboo handle. The Higo series is designed for everyday carry and is ideal for outdoor activities such as camping or picnicking
In August 2021, Global Knives (a Japanese cutlery company) launched a new line of knives called the Mino Tsuchida collection. The knives are designed in collaboration with renowned knife maker, Mino Tsuchida, and feature a unique blade design with a hammered finish
Key Target Audience
Cutlery Manufacturers, Research Professionals, Emerging Companies, Raw Material Suppliers/ Buyers, Distributors, Government Body & Associations and End-user
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.