Market Forecast By Material Type (Aluminium, Stainless Steel, Others), By Distribution Channels (Offline, Online), And Competitive Landscape
Product Code: ETC005961 | 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 | |
USA Cookware market currently, in 2023, has witnessed an HHI of 6932, Which has increased slightly as compared to the HHI of 5293 in 2017. The market is moving towards Highly 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 Thailand. It has registered a growth of 29.39% over the previous year. While Thailand registered a growth of 23.69% as compared to the previous year. In the year 2017, China was the largest exporter followed by Thailand. In term of Herfindahl Index, which measures the competitiveness of countries exporting, USA has a Herfindahl index of 4570 in 2017 which signifies high concentration also in 2021 it registered a Herfindahl index of 4942 which signifies high concentration in the market.
The United States (US) 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 States (US) Cookware Market is presently registering a period of immense growth and development. The cookware industry in the United States remains one of the most technologically advanced in the world. With a great emphasis on developing high-end materials and designs, companies across different segments are competing for consumer attention with innovative products. Several consumers now have access to a wide variety of non-stick and stainless-steel pans, as well as ceramic and cast-iron pieces that come with special features for even heat distribution. In addition, technological advancement has enabled more efficient production processes which has resulted in lower prices without compromising on quality. This increased competition has driven prices down while pushing performance standards upwards.
The United States (US) Cookware Market has seen steady growth in recent years. Consumers are seeking out healthier cooking options and as such, manufacturers have introduced non-stick coatings that require minimal oil or butter. With more people shopping online, brands are now placing an extra emphasis on their digital presence in order to expand their reach. The market remains fiercely competitive with well-known brands continuing to lead the United States (US) Cookware Industry, however, new players are preserving their existence by offering unique items at affordable prices.
According to 6Wresearch, the United States (US) Cookware Market size is expected to grow during 2020-26. The market is experiencing rapid growth with new trends and opportunities. The key drivers of this market are the growing trend toward healthier cooking options as consumers are now looking for cookware that allows them to prepare meals using less oil or fat. This factor has led to a rise in demand for non-stick pans and pots made from ceramic materials. Additionally, sustainability is another key driver of the United States Cookware Industry as consumers become more environmentally conscious. This has resulted in an increase in demand for cookware made from bamboo and recycled stainless steel. In addition to these trends, technological advancements are also driving the United States Cookware Market Growth. Smart cookware that can be controlled via smartphone apps or voice assistants is becoming increasingly popular among consumers who have busy schedules.
The COVID-19 pandemic has had a significant influence on the United States Cookware Market Size. With people spending more time at home due to lockdowns, there has been a surge in home cooking. This has led to increased demand for cookware as consumers invested in advanced products. The pandemic has influenced consumer preferences such as the shift towards non-stick and easy-to-clean cookware. With physical retail stores facing restrictions, online sales of cookware experienced significant growth during the pandemic period.
The United States (US) Cookware Market is highly competitive with several key players dominating the industry. Some of the leading companies in this market include
According to Bhavya, Senior Research Analyst, 6Wresearch, the stainless-steel segment has registered consistent growth and is expected to dominate the United States Cookware Market Share due to its durability and versatile cooking properties.
Based on distribution channels, online distribution channels have been experiencing tremendous growth in recent years on the back of convenience, discounts and offers, and wider product selection they offer to consumers.
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 States (US) Cookware Market Overview |
3.1 United States (US) Cookware Market Revenues & Volume, 2016 - 2026F |
3.2 United States (US) Cookware Market - Industry Life Cycle |
3.3 United States (US) Cookware Market - Porter's Five Forces |
3.4 United States (US) Cookware Market Revenues & Volume Share, By Material Type, 2019 & 2026F |
3.5 United States (US) Cookware Market Revenues & Volume Share, By Distribution Channels, 2019 & 2026F |
4 United States (US) Cookware Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 United States (US) Cookware Market Trends |
6 United States (US) Cookware Market Segmentation |
6.1 United States (US) Cookware Market, By Material Type |
6.1.1 Overview and Analysis |
6.1.2 United States (US) Cookware Market Revenues & Volume, By Material Type, 2016 - 2026F |
6.1.3 United States (US) Cookware Market Revenues & Volume, By Aluminium, 2016 - 2026F |
6.1.4 United States (US) Cookware Market Revenues & Volume, By Stainless Steel, 2016 - 2026F |
6.1.5 United States (US) Cookware Market Revenues & Volume, By Others, 2016 - 2026F |
6.2 United States (US) Cookware Market, By Distribution Channels |
6.2.1 Overview and Analysis |
6.2.2 United States (US) Cookware Market Revenues & Volume, By Offline, 2016 - 2026F |
6.2.3 United States (US) Cookware Market Revenues & Volume, By Online, 2016 - 2026F |
7 United States (US) Cookware Market Import-Export Trade Statistics |
7.1 United States (US) Cookware Market Export to Major Countries |
7.2 United States (US) Cookware Market Imports from Major Countries |
8 United States (US) Cookware Market Key Performance Indicators |
9 United States (US) Cookware Market - Opportunity Assessment |
9.1 United States (US) Cookware Market Opportunity Assessment, By Material Type, 2019 & 2026F |
9.2 United States (US) Cookware Market Opportunity Assessment, By Distribution Channels, 2019 & 2026F |
10 United States (US) Cookware Market - Competitive Landscape |
10.1 United States (US) Cookware Market Revenue Share, By Companies, 2019 |
10.2 United States (US) Cookware Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |