Stainless Steel Flatware Market to See Profit with an increasing CAGR Value of 6.5% Till 2028 Stainless steel flatware is a type of cutlery made from a steel alloy that contains chromium, nickel, and other elements. The presence of these elements gives stainless steel its unique properties, including resistance to corrosion, rust, and staining. This makes stainless steel flatware a popular choice for both casual and formal dining settings. Stainless steel flatware comes in a range of designs and finishes, from sleek and modern to traditional and ornate. The weight and thickness of the flatware can also vary, with heavier and thicker pieces generally considered to be of higher quality. Stainless steel flatware is often sold in sets, which typically include a combination of knives, forks, spoons, and sometimes teaspoons or dessert spoons. Some sets may also include serving pieces such as a serving fork, serving spoon, and butter knife. When choosing stainless steel flatware, it is important to consider factors such as the design, weight, and thickness of the pieces, as well as the intended use and frequency of use. Additionally, care should be taken to properly clean and store the flatware in order to maintain its appearance and longevity. The global stainless steel flatware market size is expected to reach US$ 20,920.77 million by 2028, registering at a CAGR of 6.5% from 2022 to 2028, according to a new research study conducted by The Insight Partners. Oneida; ZWILLING J.A. Henckels AG; Winco; Sabre; Christofle Silver, Inc.; RiverRidge Home; Tramontina USA Inc.; Wilkens & Söhne GmbH; Eternum S.A.; and Mepra S.p.A. are among the key players operating in the global stainless steel flatware market. These companies provide a wide range of product portfolios for the market. They have a widespread global presence, which provides lucrative opportunities for the market to serve a large set of customers and increase the market share. The market players are highly focused on developing products with advanced technology platforms to serve their customers better. Preference for freshly home-cooked meals has increased as people have become health conscious. In recent years, the trend of house parties and dinners has grown massively, especially during the COVID-19 pandemic. Also, hygiene-conscious people prefer home cooking and at-home dining over dining out amid the pandemic. According to a survey by Grocer in November 2020, one out of five people in the UK spent their time on improving their culinary skills during the pandemic, and 40% of the surveyed audience confirmed that they enjoyed cooking at home. Further, food delivery and takeaway services witnessed high growth during the pandemic due to the restrictions on dine-in operations in restaurants due to social distancing norms. According to the report by CGA Tracker, combined sales of food delivery and takeaway services in the UK increased by 130% in September 2020 from 2019. Stainless steel flatware is affordable, attractive, and durable. Attractive stainless steel flatware with sleek designs and finish can enhance the dining experience at home. Therefore, owing to the rising preference for at-home dining, the demand for modern and eye-catching stainless steel flatware is increasing across the world. Based on product type, the global stainless steel flatware market is segmented into spoons, forks, knives, serving utensils, and others. In 2021, forks segment accounted for the largest market share and is expected to register the highest CAGR over the forecast period. Based on distribution channel, the market is segmented into supermarkets and hypermarkets, specialty stores, online retail, and others. In 2021, the specialty stores segment accounted for the largest revenue share. However, the online retail segment is expected to register the highest CAGR over the forecast period. By geography, the stainless steel flatware market is broadly segmented into North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA), and South & Central America. The market in North America is further segmented into the US, Canada, and Mexico. The Europe stainless steel flatware market is subsegmented into Germany, France, the UK, Italy, Russia, and the Rest of Europe. The market in Asia Pacific is subsegmented into China, India, Japan, Australia, South Korea, and the Rest of Asia Pacific. The market in Middle East & Africa (MEA) is further segmented into South Africa, Saudi Arabia, the UAE, and the Rest of MEA. The stainless steel flatware market in South & Central America is subsegmented into Brazil, Argentina, and the Rest of South & Central America. Read More: https://www.theinsightpartners.com/reports/stainless-steel-flatware-market

Mobile Phone Accessories Market Analysis, Size, Share, Growth, Trends and Forecast 2032 The mobile phone accessories market is anticipated to be worth $86.6 billion in 2021. The market is anticipated to grow at a CAGR of 6.7 percent through 2031 and reach US$ 166 billion. The United States continues to account for 78 percent of total sales in North America. While China will continue to be the region’s largest market, South Korea and Japan’s demand are anticipated to grow quickly. According to the report, the key accessories available in the mobile phone accessories market consist of a case for protection, headphones or earphones, a charger, a battery, a memory card, a power bank, a portable speaker, and “others”. Among these products, demand for protective cases is most robust currently, with this segment accounting for one-fifth of the overall market in 2021. FMI expects demand for protective cases to remain strong during the forecast period 2021-2025. Get a Sample Copy of the Report @ https://www.futuremarketinsights.com/reports/sample/rep-gb-112 Inability of modern-day smartphone batteries to withstand heavy usage has led to robust demand for power banks. Owing to stellar demand, power bank segment is expected to gain 230 BPS during the forecast period, and increase its market share from 10% in 2014 to 12.3% in 2025. Power bank segment is also expected to witness the highest CAGR, growing at 9% between 2015-2025. The key factors that are driving the global mobile phone accessories market include rising smartphone ownership and mushrooming of multi-brand distributors and retailers. Smartphone sales are buoyant in emerging economies, such as China, India, Brazil, and Indonesia. Smartphone shipments increased from 1.1 Bn units in 2013 to 1.2 Bn units in 2014. Around 45% of these 1.2 Bn units were shipped to China. FMI expects the rising smartphone ownership to create secondary demand for products that are not usually included in the box, such as power banks and protective cases. In addition to multination brands, the smartphone segment in emerging nations also includes regional players, such as Xiaomi and Micromax. FMI’s analysis revealed that compared to multinational brands, these local players offer fewer mobile accessories in their offerings in a bid to keep the prices competitive. Owing to this, a majority of consumers buy mobile accessories from the local market or from e-commerce sites. Increase in the sales of smartphones made by local manufacturers is expected to provide an impetus to the mobile phone accessories market during the forecast period. Mushrooming of multi-brand distributors and retailers has given mobile phone accessory manufacturers the opportunity to target a larger customer base. Furthermore, sales of mobile phone accessories through e-tailers is also contributing to the growth of the market globally. FMI expects both multi-brand stores and e-commerce stores to expand during the forecast period, which in turn, is anticipated to provide an impetus to the global mobile phone accessories market. Although FMI maintains a positive outlook on the global mobile phone accessories market, few factors can restrain the growth during the forecast period. Lack of stringent checks on pirated accessories is eating into the revenue share of key stakeholders in the market. Pirated mobile accessories are offered at a fraction of the price of original products, making it difficult for manufacturers to compete with them. Currently, there exists a lack of standardization in technology and components used for manufacturing mobile accessories. Undefined standards in the market lead to high product and price differentiation, this may hinder growth of the mobile accessories market to some extent. The key trends analysed by FMI in the global mobile phone accessories market include growing demand in Asia and spate of mergers and acquisitions. Diversification of product portfolio and product advancement are the other major trends in the global mobile phone accessories market. Ask an Analyst @ https://www.futuremarketinsights.com/ask-question/rep-gb-112 Mobile Phone Accessories Market by Category Product Type • Power Banks • Batteries • Chargers • Memory Cards • Data Cables • Mount & Stands • Selfie Stick • Others (Stylus Pen) Packaging Type • Folding Cartons • Clear View Boxes • Pouches & Bags • Clamshells • Blister Packs • Trays Request For Customization @ https://www.futuremarketinsights.com/customization-available/rep-gb-112 Sales Category • By Brands • By 3rd Parties • By White Labels/No Name Brands Price Range • Premium • Mid • Low Sales Channel • Retail Outlets (Multi-Brand Outlets) • Electronic Stores • Franchise Outlets • Exclusive Stores (Branded Stores) • E-Commerce Region • North America • Latin America • Europe • East Asia • South Asia • Middle East and Africa (MEA) • Oceania