Market Forecast By Material Type (Aluminium, Stainless Steel, Others), By Distribution Channels (Offline, Online), And Competitive Landscape
Product Code: ETC005995 | Publication Date: Sep 2020 | Updated Date: May 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
Australia Cookware market currently, in 2023, has witnessed an HHI of 5712, Which has increased slightly as compared to the HHI of 4895 in 2017. The market is moving towards concentrated. Herfindahl index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means fewer numbers of players or countries exporting in the market.
In the year 2021, China was the largest exporter in terms of value, followed by Areas, nes. It has registered a growth of 45.97% over the previous year. While Areas, nes registered a growth of 162.26% as compared to the previous year. In the year 2017, China was the largest exporter followed by Italy. In terms of the Herfindahl Index, which measures the competitiveness of countries exporting, Australia has a Herfindahl index of 1623 in 2017 which signifies moderately concentrated also in 2021 it registered a Herfindahl index ofΒ 1662 which signifies moderately concentrated in the market.
The Australia Cookware Market report thoroughly covers the market by material type and by distribution channel. The market outlook report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
Australia Cookware Market is forecast to grow optimistically over the coming years. The growth is mainly attributed to the rising demand for eco-friendly and non-stick cookware, which has spurred manufacturers to invest in product development and technological advancement. As such, consumers have access to an array of advanced products that offer a superior cooking experience while adhering to stringent quality standards. This trend looks set to continue as key players are constantly investing in research and development activities in order to satisfy the customersβ needs.
Australia Cookware Market is exhibiting dynamic growth, due to the increasing demand and passion for cooking and its cultural diversity. Consumers are looking for products providing superior performance and longevity, as well as products that make eating healthy and easier. This major shift in trends is also driving an increasing demand for eco-friendly materials such as ceramic or glass.
According to 6Wresearch, the Australia Cookware Market share is projected to grow enormously during 2020-26. The market is witnessing considerable growth on the back of an increasing number of people cooking and baking from home, driven by convenience, health consciousness, and cost-effectiveness. The rising disposable income among consumers is another factor propelling the Australia Cookware Market Growth as more disposable cash enables consumers to invest in high-quality cookware sets. Additionally, the preference for healthier meals as people become increasingly aware of food-related illnesses has led to increased sales of non-stick cookware that needs little oil when cooking.
The pandemic has had a noteworthy effect on the Australia Cookware Market Size owing to the lockdowns and social distancing measures which have caused more individuals to stay home and cook, resulting in an increased demand for cookware products. However, supply chains were initially disrupted due to border closures and restrictions on international trade, leaving some manufacturers struggling to source materials needed for production. Furthermore, with many retailers closing their hours of operations, sales were gradually impacted.
The Australia Cookware Market is a highly competitive industry with several key players dominating the market share. Some of the leading companies in the industry include;
According to Ravi Bhandari, Research Head, 6Wresearch, stainless steel cookware has been registering significant growth due to its versatility, durability, and non-reactive properties. It is often preferred by consumers who value long-lasting quality and contemporary design.
Based on distribution channels, the online segment has been dominating the Australia cookware market share owing to the convenience of online shopping and wider product selection. However, offline distribution channels still hold the dominant position in the market as many customers prefer to physically examine the cookware before purchasing.
The report offers a comprehensive study of the subsequent market segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Australia Cookware Market Overview |
3.1 Australia Cookware Market Revenues & Volume, 2016 - 2026F |
3.2 Australia Cookware Market - Industry Life Cycle |
3.3 Australia Cookware Market - Porter's Five Forces |
3.4 Australia Cookware Market Revenues & Volume Share, By Material Type, 2019 & 2026F |
3.5 Australia Cookware Market Revenues & Volume Share, By Distribution Channels, 2019 & 2026F |
4 Australia Cookware Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Australia Cookware Market Trends |
6 Australia Cookware Market SegmentationΒ |
6.1 Australia Cookware Market, By Material Type |
6.1.1 Overview and Analysis |
6.1.2 Australia Cookware Market Revenues & Volume, By Material Type, 2016 - 2026F |
6.1.3 Australia Cookware Market Revenues & Volume, By Aluminium, 2016 - 2026F |
6.1.4 Australia Cookware Market Revenues & Volume, By Stainless Steel, 2016 - 2026F |
6.1.5 Australia Cookware Market Revenues & Volume, By Others, 2016 - 2026F |
6.2 Australia Cookware Market, By Distribution Channels |
6.2.1 Overview and Analysis |
6.2.2 Australia Cookware Market Revenues & Volume, By Offline, 2016 - 2026F |
6.2.3 Australia Cookware Market Revenues & Volume, By Online, 2016 - 2026F |
7 Australia Cookware Market Import-Export Trade Statistics |
7.1 Australia Cookware Market Export to Major Countries |
7.2 Australia Cookware Market Imports from Major Countries |
8 Australia Cookware Market Key Performance Indicators |
9 Australia Cookware Market - Opportunity Assessment |
9.1 Australia Cookware Market Opportunity Assessment, By Material Type, 2019 & 2026F |
9.2 Australia Cookware Market Opportunity Assessment, By Distribution Channels, 2019 & 2026F |
10 Australia Cookware Market - Competitive Landscape |
10.1 Australia Cookware Market Revenue Share, By Companies, 2019 |
10.2 Australia Cookware Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |