barcelona is poised to become the world’s top tableware producer, with some brands expected to take a bigger slice of the pie than usual from the US market.
While the US is still the biggest market for tableware in the world, there’s a huge gap between the US and the rest of the world.
While other nations have started to offer a wide range of tableware, the US has only recently begun to catch up.
In fact, in the first quarter of 2018, US tablewares sales fell 3.1%.
That’s an all-time low.
In the past, the market has also been hit hard by a variety of factors: the introduction of the iPod and Apple Watch; the economic downturn, which saw US sales plummet; and the launch of the iPhone and iPad.
But, according to a new report by a US consultancy, the big trend has been the arrival of high-end brands like Barneys New York and Brooks Brothers.
And they’re not only making big money off the tableware.
According to the report, Barneys and Brooks are taking in $3.6 billion in sales, and they’re on track to double that amount this year.
They’re now the top two sellers in the US, and it’s likely that they’ll keep on top for years to come.
“I think the US will be the top tableworshipping market by 2020, and I think it’s going to get bigger and bigger,” said Alex Schmitt, senior analyst at Kantar Worldpanel ComTech.
He predicts that by 2020 the US could be the number one tableware exporter.
“We’re going to see a lot more US table products going to Europe and Asia and beyond.
The tableware manufacturers in Europe are doing pretty well.
They’ve been able to grow at an exponential rate.”
For example, Barbers New York, which opened its first US store in 2006, has been able, in part, due to the availability of high quality imported Italian and French tableware and the fact that its sales have grown steadily.
According, Schmitt said, the trend is for Italian and Spanish brands to become more popular as consumers increasingly seek tableware made in countries that are closer to home.
“They’re going back to Italy because they’ve become the best Italian brands,” Schmitt told Ars.
“There are so many great brands in Italy.
In Europe, there are a lot of great Italian brands, but the only ones that are coming to the US are Barbers and Brooks.”
Schmitt also pointed to the growing popularity of Japanese and Korean tableware makers, which is helping to push the industry forward.
“A lot of Japanese companies, particularly Matsushita, have been very aggressive in pushing their Japanese brands, and Korean brands have been quite aggressive in promoting their Korean brands,” he said.
“That has made a huge difference.”
There are also other factors contributing to the rise in US tablemakers.
“When the iPod came out in 2007, the American tableware industry collapsed,” said Schmitt.
“But we were able to come back with some great products and really compete with our Chinese and Chinese-owned competitors.
We’ve been on a growth curve.
There are a number of factors that are contributing to that.
It’s not just the iPod, there is the iPad and Apple Watches.”
But while the US might be growing at a relatively steady rate, it’s not going to be a major player in the tableworthing industry any time soon.
The new report shows that, in 2020, US Tableware Sales will be down 4.5% compared to 2017.
That’s a big drop for a market that’s already down 9.2% in sales since 2013.
That doesn’t mean that American tablemakers are going anywhere.
But they’re definitely not going anywhere fast.
“What I don’t see happening in the near term is the table manufacturer to start competing with the iPhone,” said Michael Buehler, senior vice president at Kantor.
“The iPhone has been a huge success.
It has really captured consumers.
That makes the table a very attractive opportunity.
But the big question is, do you have a strong presence in the U.S. that is still competitive with Apple, that still has the same amount of sales and that still can continue to grow?
That’s where the table maker is going to start to look very attractive.”