The Europe Tabletop Kitchen Products Market would witness market growth of 8.74% CAGR during the forecast period (2021-2027).
The product demand is estimated to propel as there is a rising trend towards a buffet system. Appliances such as microwave and coffee machines are witnessing a significant boost in demand in both residential and commercial sectors due to their easy usage and personalized meal option. Moreover, the increasing trend of offering food items is providing high popularity of serving ware among consumers. These aspects are likely to boost the market growth in the upcoming years.
Specifically, the hospitality sector is boosting the demand of the product due to an increasing number of commercial construction projects. The usage of tabletop kitchen products has increased at social gatherings due to advanced self-served kiosks and the popularity of buffet systems. Nowadays, dining out has become a trend, restaurants need to hold on to their customer by providing an improved customer experience. The usage of tabletop kitchen items in the residential segment would witness lucrative growth as the scope of the product application on occasions, like weddings, holiday parties, meetings, and other social gatherings, is also rising.
The Germany market dominated the Europe Commercial Market by Country in 2020, thereby, achieving a market value of $2,894.6 Million by 2027. The UK market is exhibiting a CAGR of 7.3% during (2021 - 2027). Additionally, The Spain market is estimated to grow at a CAGR of 9.2% during (2021 - 2027).
Based on Type, the market is segmented into Dinnerware, Whitegoods, Buffet Products, Drinkware, Flatware and Others. Based on Application, the market is segmented into Residential and Commercial. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Tabletop Kitchen Products Market Size will Hit $59.7 Billion by 2027, at a CAGR of 8.9%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Haier Smart Home Co., Ltd. (Haier Group Corporation), Koninklijke Philips N.V., Robert Bosch GmbH, Samsung Electronics Co., Ltd. (Samsung Group), Arc Group, Rochini, The Vollrath Company, LLC, Hendi B.V., MatferBourgeat International, and Lenox Corporation
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