Global Low-end Cutlery Market is likely to emerge as Fastest Growing Segment

Sep 08, 2017

The low-end cutlery market segment is expected to grow at a CAGR of 7.95% .

Arizton has announced the publication of its latest report titled Cutlery Market – Global Outlook and Forecast 2017 - 2022. The report includes in-depth details of the global cutlery market and provides the market size of each segment and region. It also outlines major drivers, trends, and challenges for the global market.

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Analysts at Arizton say that the global cutlery market is expected to cross $11billion during 2016−2022. The analysts further add that the low-end cutlery segment is likely to dominate the market in terms of price range.

In terms of price range, the market comprises: low-end, medium-end, and high-end segments.

Global Cutlery Market by Price Range 2016

For more information, actual market size and market share order a report here : Buy Report

 

Low-end Cutlery Market to Grow at a CAGR of 7.9%

The low-end cutlery market is an inexpensive segment, which consists of products made of stainless steel with limited design value and easy to clean. Low-end cutlery is majorly distributed through interior stores, supermarkets, convenience stores, and online stores. The segment caters to the mass market and is generally made up of low-quality stainless steel or plastic. The percentage contribution of the low-end segment is higher in developing economies such as APAC, Latin America, and MEA than developed economies of North America and Europe. The high percentage contribution in developing economies is mainly due to the low availability of affluent consumers.  The low-end cutlery market is expected to grow at a CAGR of 7.95%.

In the medium-end cutlery segment, the products are trendy in terms of style, color, and decorative handles. This segment has accessible pricing in small sets and are mainly sold at general interior stores and medium-segment departmental stores. The percentage contribution of the medium-end segment is high in North America and Europe, whereas in developing economies, the share is significantly less than the low-end segment.

High-end cutlery products are manufactured by international brand companies with heritage or luxury status. High-end product is majorly distributed through departmental and online stores. The high-end cutlery market is higher in North America and Europe than APAC, Latin America, and MEA. High-end  products are majorly manufactured by high heritage brands. These products are sold primarily through departmental stores and online medium.

About Arizton

Arizton – Advisory and Intelligence is an innovation and quality-driven firm, which offers cutting-edge research solutions to clients across the world. We excel in providing comprehensive market intelligence reports and advisory and consulting services.

Arizton has gained a paramount standpoint in the market research arena as it offers top of the line solutions to clients to assess market landscape and to finalize foolproof business strategies. We are committed to provide inclusive market research reports and consulting services to clients from diversified industries including –Consumer Goods & Retail Technology, Automotive and Mobility, Smart Tech, Healthcare and Lifesciences, Industrial Machinery, Chemicals and Materials, IT and Media, Logistics and Packaging

Arizton comprises a team of exuberant and well-experienced analysts who have mastered in generating incisive reports. Our specialist analysts possess exemplary skills in market research. We train our team in advanced research practices, techniques, and ethics to outperform in fabricating impregnable research reports.

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