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Wok Market
According to a new report published by Allied Market Research, titled, “Wok Market," The wok market was valued at $1.7 billion in 2021, and is estimated to reach $3 billion by 2031, growing at a CAGR of 6.3% from 2022 to 2031. The wok market size is mostly driven by the increase in residential and hospitality kitchens. Over the past few years, there has been an increase in residential and hospitality kitchens that are smaller and more efficient. Moreover, the increase in the catering and hotel industry at the global level because of the increased popularity of dinner out among working-class individuals. The rising standard of living and adoption of trendy cookware products have diversified the scope for wok industry manufacturers. Consumer disposable incomes have been rising in several developing regions, such as the Asia Pacific, creating many wok market opportunities for producers to raise their product prices.
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Frontrunners in the industry• • • • • • • • • •
Bajaj electricals limited Zwilling J. A. Henckels TTK prestige limited Tramontina USA, Inc. Scanpan A/S Calphalon Cuisinart Supor Target Brands, Inc. Lodge cast iron.
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Wok Market The wok market analysis is segmented on the basis of material type, application, distribution channel, and region. On the basis of material type, the market is segmented into carbon steel, cast iron, and aluminum. As per distribution channel, the market is segmented into supermarkets & hypermarkets, convenience stores, specialty stores, and online sales channels.
By region, the wok market is segmented into North America, Europe, Asia-Pacific, and LAMEA.
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Wok Market
Purchase this Report : https://www.alliedmarketresearch.com/checkoutfinal/21bdb77fc35977a4faf3cc044af483b7 Key findings of the study • By material type, the carbon steel segment was the highest revenue contributor to the market, with $680.6 million in 2021, and is estimated to reach $1,157.5 million by 2031, with a CAGR of 5.5%. • Depending on the application, the commercial segment was the highest revenue contributor to the market, with $1,020.5 million in 2021, and is estimated to reach $1,810.80 million by 2031, with a CAGR of 6.0% • As per distribution channel, the Specialty Stores segment was the highest revenue contributor to the market, with $574.3 million in 2021, and is estimated to reach $991.2 million by 2031, with a CAGR of 5.7%.
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Wok Market About Allied Market Research: Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting services to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains. AMR offers its services across 11 industry verticals including Life Sciences, Consumer Goods, Materials & Chemicals, Construction & Manufacturing, Food & Beverages, Energy & Power, Semiconductor & Electronics, Automotive & Transportation, ICT & Media, Aerospace & Defense, and BFSI. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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Wok Market
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