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Stemmed Wine Glasses Market Size, Industry Analysis ReportBy Type (Glass, Crystal and Others), By Application (Household, Hotel, Bar) & Region – Forecasts

  • PUBLISHED ON
  • 15/09/2022
  • NO OF PAGES
  • 266
  • CATEGORY
  • Retails & Consumer
Global Stemmed Wine Glasses Market – Description
Swirling wine helps to invigorate aromas within the glass. This small movement will heighten the intensity of the aroma and gives a better expression of flavour. Either way, a stemmed glass is much easier to elegantly swirl than one without. The sturdy, solid design of stemmed glasses makes them reliable and less likely to break than the stems on traditional wine glasses. One can use stemmed glasses for informal or formal entertaining. Stemmed glasses are considered to take away the anxiety related to holding a traditional wine glass.

Global Stemmed Wine Glasses Market – Overview
It is estimated for the stemmed wine glass market to witness growth at a CAGR of 3.8% during the forecast period of 2022 to 2030. The market witnessed growth at a stable rate even during the previous forecast period of 2018 to 2021.
The growing popularity of these glasses among the younger generation of wine consumers is estimated to boost the growth of the market during the forecast period. Also, the growing number of wines and liquor that serve wine in these stemmed glasses is also boosting the growth of the market during the forecast period.
The increase in awareness among the people with respect to the health benefits of the drink such as prevention against heart disease and harmful inflammation and increased consumption of the beverage as it is known to provide antioxidants, and promote longevity further are estimated to boost the growth of the market during the forecast period.

Global Stemmed Wine Glasses Market – Key Trends

Increasing urbanization to boost the growth of the market

Factors such as urbanization, integration of drinks during meals, rise in consumer preference for quality alcoholic beverages, increase in spending on beverages and lavish lifestyle are the factors that are estimated to boost the growth of the market during the forecast period.

The increasing popularity of wine to foster the growth of the market

The growing popularity of these glasses among the younger generation of wine consumers is estimated to boost the growth of the market during the forecast period. Also, the growing number of wines and liquor that serve wine in these stemmed glasses is also boosting the growth of the market during the forecast period.

Global Stemmed Wine Glasses Market – Segmental Assessment

By Type
• Glass
• Crystal
• Others

It is estimated for the glass segment to boost the growth of the market.

By Application
• Household
• Hotel
• Bar
• Other
It is estimated for the Bar segment to boost the growth of the market.

Global Stemmed Wine Glasses Market – Geographical Landscape
It is estimated for the region of North America to witness immense growth in the market. The region is expected to grow at a healthy CAGR of during the forecast period. The market in Asia Pacific is projected to grow at a stable rate during the forecast period. The increasing number of wine consumers in the region of Asia Pacific is estimated to drive the growth of the market in the region during the forecast period.

Global Stemmed Wine Glasses Market – Competitive Hierarchy
The major players covered in the wine glass market report are Anhui Deli daily Glass Co., Ltd, Arc Holdings,Bormioli Rocco S.p.A.,Libbey, Present Ocean Glass Public Company Limited, RONA USA.,Steelite International., Oneida Ltd.,EuroCave UK.,Fiskars Group, Lifetime Brands, Inc., True Brands,Zwiesel crystal glass,Nambé, LLC,KegWorks., Rabbit, Carlisle FoodService Products., Cocktail Kingdom LLC,Cresimo.,Vacu Vin B.V., American Metalcraft, Inc.,and Chenimage and so on are the major players in the market.

Report Scope
Global Stemmed Wine Glasses Market : Historical Years (2018 to 2021)
Global Stemmed Wine Glasses Market : Forecast years (2022 to 2030)
Global Stemmed Wine Glasses Market CAGR 3.8%

Key Segments Reported
By Type (Glass, Crystal and Others)
By Application (Household, Hotel, Bar and Other)

Major regions and countries covered
• North America
• Europe
• Asia Pacific
• Middle East
• Rest of the World

The major players covered in the wine glass market report are Anhui Deli daily Glass Co., Ltd, Arc Holdings,Bormioli Rocco S.p.A.,Libbey, Present Ocean Glass Public Company Limited, RONA USA.,Steelite International., Oneida Ltd.,EuroCave UK.,Fiskars Group, Lifetime Brands, Inc., True Brands,Zwiesel crystal glass,Nambé, LLC,KegWorks., Rabbit, Carlisle FoodService Products., Cocktail Kingdom LLC,Cresimo.,Vacu Vin B.V., American Metalcraft, Inc.,and Chenimage and so on are the major players in the market.

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Market Research Process




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Case Study- Automotive Sector

One of the key manufacturers of automotive had plans to invest in electric utility vehicles. The electric cars and associated markets being a of evolving nature, the automotive client approached We Market Research for a detailed insight on the market forecasts. The client specifically asked for competitive analysis, regulatory framework, regional prospects studied under the influence of drivers, challenges, opportunities, and pricing in terms of revenue and sales (million units).

Solution

The overall study was executed in three stages, intending to help the client meet its objective of precisely understanding the entire market before deciding on an investment. At first, secondary research was conducted considering political, economic, social, and technological parameters to get a gist of the various aspects of the market. This stage of the study concluded with the derivation of drivers, opportunities, and challenges. It also laid substantial emphasis on understanding and collecting data not only on a global scale but also on the regional and country levels. Data Extraction through Primary Research

The second stage involved primary research in which several market players and automotive parts suppliers were contacted to study their viewpoint concerning the development of their market and production capacity, clientele, and product line. This stage concluded in a brief understanding of the competitive ecosystem and also glanced through the strategies and pricing of the companies profiled.

Market Estimates and Forecast

In the final stage of the study, market forecasts for the electric utility were derived using multiple market engineering approaches. This data helped the client to get an overview of the market and accelerate the process of investment.

Case Study- ICT Sector

Business process outsourcing, being one of the lucrative markets from both supply- and demand- side, has appealed to various companies. One of the prominent corporations based out of Japan approached us with their requirements regarding the scope of the procurement outsourcing market for around 50 countries. Additionally, the client also sought key players operating in the market and their revenue breakdown in terms of region and application.


Business Solution

An exhaustive market study was conducted based on primary and secondary research that involved factors such as labor costs in various countries, skilled and technical labors, manufacturing scenario, and their respective contributions in the global GDP. A comparative study of the market was conducted from both supply- and demand side, with the supply-side comprising of notable companies, such as GEP, Accenture, and others, that provide these services. On the other hand, large manufacturing companies from them demand-side were considered that opt for these services.


Conclusion

The report aided the client in understanding the market trends, including country-level business scenarios, consumer behavior, and trends in 50 countries. The report also provided financial insights of crucial players and detailed market estimations and forecasts till 2033.


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