Aluminum Cookware Market 2019-2024
Aluminum cookware is fairly inexpensive in comparison to cookware made from other materials. Aluminum is lightweight but fairly strong. It is a good conductor of heat and does not easily distort when exposed to high temperatures. Aluminum works well for sautéing and frying foods because if its heat responsiveness. The drawback of aluminum is that it reacts to acidic and alkaline foods, causing it to corrode and affect the taste of the food being cook. Aluminum is generally used as a core heat conductor, or coated with stainless steel or an anodized coating to protect the food.
Europe Aluminum Cookware consumption market size is estimated to reach about 70592 K Units by the end of 2017, which is expected to get 75307 K Units in 2022, with a weakness growth of 1.04% 2016-2022 CAGR. The Aluminum Cookware Products performance in Europe is not so positive with the current environmental status. We suggest manufacturers develop other cookware types like Carbon Steel, Stainless Steel or Cast-Iron Cookware, or seek innovation.
The Europe competition market for Aluminum Cookware is still intense. Currently, there are many participants in the Aluminum Cookware market. Popular brands/companies presented in the European market include SEB, Alluflon, Illa SpA, Ballarini, Norbert Woll GmbH, Meyer, Fissler GmbH, Risoli, ALZA, SCANPAN, Newell, Maspion, Y&T, Zhongxin Cookware and etc. R&D and Manufacturing locations of major Brands are concentered in China, Southeast Asia, Australia, and some North America and European countries.
France is the biggest consumption areas for aluminum cookware in 2016, taking about 24.42% market share in 2016 based on sales. Germany still is a big consumer market, with about 20.50% market share. Other leading consumption regions in Europe are Italy 14.65 %, UK 9.09 %, Spain 6.27%, and Benelux 5.74 %.
In the past few years, the price of aluminum cookware shows an increasing trend and we expect the price may keep the trend in a short period. However, as the improvement of energy, transportation costs, employee wages, and equipment depreciation will play a significant role in promoting the cost of Aluminum Cookware, to some extent, the companies are facing a risk of profit decline.
There are companies adding capacities and aiming at the cost and quality leadership which shall improve profitability. At the same time, companies are focusing on technological innovation, equipment upgrades, and process improvements, to reduce costs and improve quality. The total competition market for Aluminum Cookware may become more intense, and the market is going to be more concentrated for high end Aluminum Cookware.
According to this study, over the next five years the Aluminum Cookware market will register a 4.4% CAGR in terms of revenue, the global market size will reach US$ 970 million by 2024, from US$ 750 million in 2019. In particular, this report presents the global market share sales and revenue of key companies in Aluminum Cookware business, shared in Chapter 3.
This report presents a comprehensive overview, market shares, and growth opportunities of Aluminum Cookware market by product type, application, key manufacturers and key regions and countries.
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This study considers the Aluminum Cookware value and volume generated from the sales of the following segments:
Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
Cast Aluminum Cookware
Anodized Aluminum Cookware
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Middle East & Africa
The report also presents the market competitive landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in Chapter 3.
Norbert Woll GmbH
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
To study and analyze the global Aluminum Cookware consumption value & volume by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Aluminum Cookware market by identifying its various subsegments.
Focuses on the key global Aluminum Cookware manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Aluminum Cookware with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market growth potential, opportunities, drivers, industry-specific challenges and risks .
To project the consumption of Aluminum Cookware submarkets, with respect to key regions along with their respective key countries .
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
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