Market Forecast By Material Type (Aluminium, Stainless Steel, Others), By Distribution Channels (Offline, Online), And Competitive Landscape
Product Code: ETC005969 | 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 | |
United Kingdom (UK) Cookware market currently, in 2023, has witnessed an HHI of 5443, Which has increased slightly as compared to the HHI of 4488 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 Germany. It has registered a growth of 36.45% over the previous year. While Germany registered a growth of 4.68% as compared to the previous year. In the year 2017, China was the largest exporter followed by Germany. In terms of the Herfindahl Index, which measures the competitiveness of countries exporting, the UK has a Herfindahl index of 1811 in 2017 which signifies moderately concentrated also in 2021 it registered a Herfindahl index ofΒ 2028 which signifies moderately concentrated in the market.
United Kingdom (UK) 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.
The United Kingdom (UK) Cookware Market is expected to experience considerable growth in the next few years, driven by the rising demand for modern kitchen appliances and gadgets. Companies are constantly creating ingenious products with advanced features that cater to consumers' evolving needs. Moreover, the adoption of bamboo, cast iron, and stainless steel material has been particularly increasing in recent years. Additionally, the advent of smart technology integration is becoming a popular trend among manufacturers as they strive to provide customers with a hassle-free cooking experience with induction heating systems and voice-controlled microwaves. Additionally, with e-commerce getting more favored over physical stores, vendors are investing heavily in digital marketing strategies to expand their reach to online shoppers.
The United Kingdom (UK) Cookware Market is highly competitive, with many players offering varied products and services. Also, the market is expected to grow significantly on the back of higher disposable incomes, changing lifestyles as well as the ever-growing demand for premium cookware. In general, pots and pans are expected to remain popular, due to their uses within households. With increased consumer awareness about healthy eating habits encouraging home-cooked meals, the United Kingdom Cookware Market Growth is continued to grow over the years.
According to 6Wresearch, the United Kingdom (UK) Cookware Market share is projected to grow during 2020-26. The United Kingdom (UK) Cookware Market has been growing at a considerable growth rate during the forecast period. The increasing health concerns have led to a rise in demand for non-stick and ceramic cookware. Additionally, an increase in internet penetration has resulted in more online sales of cookware in the United Kingdom. However, intense competition between key players and limited profit margins are the key challenges faced by the market. Moreover, stringent government regulations regarding the use of certain materials for manufacturing can pose additional difficulties to manufacturers.
The COVID-19 pandemic has had a major influence on the Cookware Market in the UK due to the closure of restaurant and food outlets closures. In response to this, consumers changed their purchasing habits and there was a sudden increase in demand for cookware products as more people began cooking at home. Manufacturing operations were suspended owing to the lockdown imposed by the government authorities, leading to disruption of the supply chain and shortage of certain items.
The United Kingdom (UK) Cookware Market is highly competitive with the presence of prominent key players in the industry. For instance;
According to Swati, Senior Research Analyst, 6Wresearch, the stainless steel segment is forecast to grow during the forecast period as stainless steel cookware offers several advantages such as durability, versatility, etc, also, it is the highly preferred choice as it has a longer lifespan and resistance to stains and scratches.
Based on distribution channels, online distribution channels have witnessed immense growth in recent years mainly due to convenience, extensive product variety, and competitive pricing.
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 United Kingdom (UK) Cookware Market Overview |
3.1 United Kingdom (UK) Cookware Market Revenues & Volume, 2016 - 2026F |
3.2 United Kingdom (UK) Cookware Market - Industry Life Cycle |
3.3 United Kingdom (UK) Cookware Market - Porter's Five Forces |
3.4 United Kingdom (UK) Cookware Market Revenues & Volume Share, By Material Type, 2019 & 2026F |
3.5 United Kingdom (UK) Cookware Market Revenues & Volume Share, By Distribution Channels, 2019 & 2026F |
4 United Kingdom (UK) Cookware Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 United Kingdom (UK) Cookware Market Trends |
6 United Kingdom (UK) Cookware Market SegmentationΒ |
6.1 United Kingdom (UK) Cookware Market, By Material Type |
6.1.1 Overview and Analysis |
6.1.2 United Kingdom (UK) Cookware Market Revenues & Volume, By Material Type, 2016 - 2026F |
6.1.3 United Kingdom (UK) Cookware Market Revenues & Volume, By Aluminium, 2016 - 2026F |
6.1.4 United Kingdom (UK) Cookware Market Revenues & Volume, By Stainless Steel, 2016 - 2026F |
6.1.5 United Kingdom (UK) Cookware Market Revenues & Volume, By Others, 2016 - 2026F |
6.2 United Kingdom (UK) Cookware Market, By Distribution Channels |
6.2.1 Overview and Analysis |
6.2.2 United Kingdom (UK) Cookware Market Revenues & Volume, By Offline, 2016 - 2026F |
6.2.3 United Kingdom (UK) Cookware Market Revenues & Volume, By Online, 2016 - 2026F |
7 United Kingdom (UK) Cookware Market Import-Export Trade Statistics |
7.1 United Kingdom (UK) Cookware Market Export to Major Countries |
7.2 United Kingdom (UK) Cookware Market Imports from Major Countries |
8 United Kingdom (UK) Cookware Market Key Performance Indicators |
9 United Kingdom (UK) Cookware Market - Opportunity Assessment |
9.1 United Kingdom (UK) Cookware Market Opportunity Assessment, By Material Type, 2019 & 2026F |
9.2 United Kingdom (UK) Cookware Market Opportunity Assessment, By Distribution Channels, 2019 & 2026F |
10 United Kingdom (UK) Cookware Market - Competitive Landscape |
10.1 United Kingdom (UK) Cookware Market Revenue Share, By Companies, 2019 |
10.2 United Kingdom (UK) Cookware Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |