“Cutting Boards Market Research Report
Cutting Boards, also called chopping boards, is a type of kitchen utensils, mainly used in conjunction with the knife to cut meat, fish, vegetables and fruits and so on.
The Cutting Boards industry concentration is low; there are more than ten thousand manufacturers in the world, and high-end products mainly from North America, Western European and Japan.
The Cutting Boards industry is distributed by raw materials, many global famous manufactures in U.S. and E.U. make the woody cutting boards, while Chinese adopt bamboo widely, such as Suncha and Fujian Huayun. Japan as the advanced industrial country with a long story of cooking culture, the two famous cutting board companies both mainly adopt composite materials. Since the characters of cutting board industry, companies always manufacture located.
The key consumption markets locate at developing countries, because of the higher replacement rate of cheaper cutting boards. While food industry, supermarkets and restaurants, etc. become increasing consumption fields. China takes the market share of 34.33%, followed by U.S.A. with 24.84%. Europe and Japan’s consumption market occupies 21.86%.
We tend to believe this industry becomes more and more mature, and there will be appeared more specialized companies.
In the international market, the marketing channels characteristic differ from company to company.
The international companies prefer combination of stationed in physical stores and electricity sales, or some kitchen ware brands set direct-sale store and present their cutting boards.
Companies in developing countries such as China and India, in contrast, put more effort on direct selling business covering located market, and it is a common phenomenon in this industry. As they do not have that much international brand influence, their product quality is not good enough comparing with leading companies, however, they have price advantage. They like to expand their market share in developing countries and low-end international market.
In the Cutting Boards market, there still exists a distinct feature that the import and export rate of this industry is not high caused by the fact that many international manufactures expand their business through building factories or investments.
The market is influenced by the price, while the cutting boards are necessities of life. People considers the low price referring to low quality and high replacement rate, hence some more expensive cutting boards are quite popular. Although China domestic companies have price advantage since the poor manufacture processing, cheap raw material and less diversity of products, the duration is much shorter than high quality goods.
The leading companies own the advantages on better performance, more abundant product’s types, better technical and impeccable after-sales service. Consequently, they take the majority of the market share of high-end market.
Looking to the future years, the stable and a little bit slow downward price trend in recent years will maintain. As competition intensifies, prices gap between different brands in similar class will go narrowing. Similarly, there will be fluctuation in gross margin.
Company mergers and acquisitions, and inter-companies cooperation have occurred for development and growth. As the downstream consumption usually follows with developed and rapid economic growth areas, such as BRICS, the developed areas’ company prefers investing to underdevelopment regions these years.
This industry is affected by the economy and policy, such as luxury psychology as the increasing incomes, and the customs policy and environment policies, so it’s important to put an eye to economic indexes and leaders’ prefer. With the global economic recovery, more and more people pay attention to rising environment standards, especially in underdevelopment regions that have a large population and fast economic growth, the need of new material Cutting Boards will increase.
The worldwide market for Cutting Boards is expected to grow at a CAGR of roughly 2.4% over the next five years, will reach 11000 million US$ in 2024, from 9580 million US$ in 2019.
The global Cutting Boards Market report comprises thorough outline and upcoming view.
The fundamental purpose of Cutting Boards Market report is to provide a correct and strategic analysis of the Cutting Boards industry. The report scrutinizes each segment and sub-segments presents before you a 360-degree view of the said market.
Market Segment by Manufacturers, this report covers:John Boos, Epicurean, Joseph Joseph, Edward Wohl, San Jamar, Suncha, Sage, Larch Wood, Paul Michael, Neoflam, Fackelmann, Hasegawa, Zeller Present, Parker-Asahi, Madeira, Fujian Huayun
Market Segment by Type, covers: Wood material, Plastic material, Composite materials, Bamboo materials, Other (glass, steel, marble material etc.)
Market Segment by Applications, can be divided into: Household use, Industrial use, ,
It gives top to bottom instructive information on the advancement patterns and the approaches and controls, concerning Cutting Boards showcase, actualized in every one of the topographical sections. The dominating utilizations of this market have additionally been talked about finally in this exploration consider.
Market Segment by Regions, regional analysis covers:
North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Colombia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
What are the affecting elements that are made reference to in the report?
The report further highlights the development trends in the global Cutting Boards market. Factors that are driving the market growth and fueling its segments are also analyzed in the report. The report also highlights on its applications, types, deployments, components, developments of this market.
Key Market Highlights:
The Cutting Boards report gives a top to bottom examination on a portion of the key elements, involving income, cost, limit, limit usage rate, creation, generation rate, utilization, import/send out, supply/request, net, piece of the pie, CAGR, and gross edge. Furthermore, the report shows a far reaching investigation of the market development factors and their most recent patterns, alongside important market fragments and sub-portions.
The Global Cutting Boards Market report incorporates the decisively examined and assessed information of the significant market members and their market scope utilizing various investigative devices. The diagnostic apparatuses incorporate Porter’s five powers examination, SWOT investigation, achievability study, and venture return investigation, which have been utilized to consider the development of the key players working in the market.
The main points which are answered and covered in this Report are-
What will be the total Cutting Boards Market in the coming years till 2024?
What will be the key factors which will be overall affecting the industry?
What are the various challenges addressed?
Which are the major companies included?
Table of Content:
Cutting Boards Research Report 2019-2024
Chapter 1: Cutting Boards Overview
Chapter 2: Cutting Boards Economic Impact
Chapter 3: Competition by Manufacturer
Chapter 4: Production, Revenue (Value) by Region (2019-2024)
Chapter 5: Supply (Production), Consumption, Export, Import by Regions (2019-2024)
Chapter 6: Production, Revenue (Value), Price Trend by Type
Chapter 7: Analysis by Application
Chapter 8: Manufacturing Cost Analysis
Chapter 9: Industrial Chain, Sourcing Strategy and Downstream Buyers
Chapter 10: Marketing Strategy Analysis, Distributors/Traders
Chapter 11: Market Effect Factors Analysis
Chapter 12: Market Forecast (2019-2024)
Chapter 13: Appendix
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