Global Barware Market 2018-2022

Below are some of the key findings from this barware market analysis report:

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Global barware industry overview

The growing number of home bars, pubs, bars, liquor-serving cafes, and lounges is driving the global barware market. The influx of a substantially large white-collared demographic to urban areas and has brought about an increase in the number of pubs, bars, liquor-serving cafes, and lounges. The concept of socializing at pubs, bars, and lounges among the urban youth in developed and developing countries will have a direct impact on the purchase of barware products. Moreover, the increase in the number of house parties will also spike the demand for barware products, thus driving market growth.

The growing popularity of metal barware products is the latest trend to impact the market. The increasing popularity of metal barware is encouraging many vendors to introduce new products. The main advantage of metal barware is durability and long-term use, which is driving vendors such as Lenox and Lifetime Brands to offer cocktail shakers, figural drinking vessels, and other barware products in metal. Thus, the growing number of home bars, pubs, bars, liquor-serving cafes, and lounges coupled with the rising popularity of metal barware products will drive the market at a CAGR of close to 5% during the forecast period.

Top barware companies covered in this report

The global barware market is highly fragmented. By offering a complete analysis of the market’s competitive landscape and with information on the products offered by the companies, this barware industry analysis report will help clients identify and design new growth strategies.

The report offers a detailed analysis of several leading barware companies, including:

• Fiskars
• Libbey
• Lifetime Brands
• True Fabrications
• Zwiesel Kristallglas

 Barware market segmentation based on end-users

• Commercial
• Residential

The largest end-user segment of the global barware market in 2017 was the commercial segment. The market share of this segment will increase further, and it will continue to dominate the market throughout the next five years.

Barware market segmentation based on region

• The Americas
• APAC
• EMEA

EMEA accounted for the largest barware market share in 2017. This region will witness a decrease in its market share but will remain the market leader for the next five years. The APAC region is expected to witness the highest incremental growth over the forecast period.

Key highlights of the global barware market for the forecast years 2018-2022:

• CAGR of the market during the forecast period 2018-2022
• Detailed information on factors that will accelerate the growth of the barware market during the next five years
• Precise estimation of the global barware market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the barware industry across the Americas, APAC, and EMEA
• A thorough analysis of the market’s competitive landscape and detailed information on several vendors
• Comprehensive details on factors that will challenge the growth of barware companies