The global countertop market is estimated to gain a revenue of US$ 1,22,395.22 million in 2023. Chemical and material domain experts opine that the countertop market is expected to grow at a CAGR of 4.9% through 2033, reaching a valuation of US$ 1,97,478.28 million by 2033.
Attributes | Details |
---|---|
Countertop Market Size, 2022 | US$ 1,16,583.57 million |
Countertop Market Size, 2023 | US$ 1,22,395.22 million |
Countertop Market Size, 2033 | US$ 1,97,478.28 million |
Value CAGR (2023 to 2033) | 4.9% |
Trends Impacting the Market Dynamics of Countertops
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Attributes | Details |
---|---|
Countertop Market Size (2022) | US$ 1,16,583.57 million |
The global countertop market is projected to scale from US$ 1,16,583.57 million in 2022 to US$ 1,97,478.28 million by 2033, registering a CAGR of 4.9% over the forecast period. Key players made many developments for the expansion of the countertop industry during the historical period. For instance, in February 2022, representatives of The Residences, a 515-foot tower, commented that the reservations surpassed expectations in the first 90 days of sales launch. The luxury condominium project, valued at US$ 400 million, was announced to feature European-style cabinetry, a gourmet kitchen with quartz countertops, four-bedroom units, stainless steel appliances, and floor-to-ceiling windows.
Key factors yielding growth in the countertop market are as follows:
Leading Material Type | Granite |
---|---|
Market Share (2023) | 28.6% |
Based on the recent market research conducted by FMI’s analysts, the leading material over the forecast period is expected to be granite, accounting for a share of 28.6% in 2023. The inclination toward granite is rising on account of its superior quality at competitive pricing. Granite is a novel countertop material that has a multitude of properties like scratch, crack, and heat resistance. It is also significantly durable in relation to laminate and quartz countertops by offering about 3X more lifespan. These aforementioned factors are projected to boost the utilization of granite countertops in household applications like kitchen and bathroom designs.
Leading End Use | Non-residential |
---|---|
Market Share (2023) | 72.3% |
The non-residential sector is forecast to occupy around 3/4th of the global market. As per the latest market projections by FMI analysts, the non-residential applications are expected to account for a market share of 72.3% in 2023. Mentioned below are the leading factors that are yielding market growth:
Country/Region | CAGR (2023 to 2033) |
---|---|
United Kingdom | 4.4% |
Canada | 6.4% |
India | 5.7% |
New Zealand | 6% |
ASEAN | 5.8% |
The United Kingdom countertop market is anticipated to record a CAGR of 4.4% through 2033. Mentioned below are the leading factors that are driving the growth in the United Kingdom:
Canada's countertop market is projected to register a CAGR of 6.4% through 2033. Mentioned below are the key factors that are yielding growth in the Canadian market:
The countertop market in India, as per the recent market study by FMI’s analysts, is projected to register a CAGR of 5.7% through 2033. The following factors are propelling the growth of the market forward:
The latest market statistics exhibit that the market in New Zealand is predicted to expand at a CAGR of 6% through 2033. The following factors are instigating the growth of the countertop market in the country:
The ASEAN countertop market is projected to record a CAGR of 5.8% through 2033. Mentioned below are the leading factors that are propelling market growth in the country:
Industry participants are targeting improvement of their service quality by extending their existing portfolios and attempting to gain new customers. Leading companies in the market are uniting with real estate firms to offer in-house hard surface countertops to set up in innovative buildings. Market competitors are competing for a larger share by coming into mergers and acquisitions, joint ventures, and collaborations.
New Developments in the Countertop Market
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Attribute | Details |
---|---|
Forecast Period | 2018 to 2022 |
Historical Data Available for | 2023 to 2033 |
Market Analysis | Units for Volume and US$ million for Value |
Key Regions Covered | North America; Latin America; Europe; Asia Pacific; and the Middle East and Africa |
Key Countries Covered | The United States, Canada, Brazil, Mexico, Germany, the United Kingdom, France, Italy, Spain, Nordic, Russia, Poland, China, India, Thailand, Indonesia, Australia and New Zealand, Japan, GCC countries, North Africa, South Africa, and others. |
Key Market Segments Covered | Material Type, End Use Industries, Construction Activity, and Region |
Key Companies Profiled | Caesarstone Ltd.; Illinois Tool Works Inc.; Pokarna Ltd.; E. I. duPont de Nemours and Company; Cosentino Group; Silestone; AKG Group; Vicostone; Cambria; Aro Granite Industries Ltd.; Asian Granito India Ltd. |
The countertop market is worth US$ 1,22,395.22 million in 2023.
The market is predicted to expand at a CAGR of 4.9% through 2033.
The market is anticipated to account for US$ 1,97,478.28 million by 2033.
Canada is predicted to provide lucrative growth opportunities in the global market.
Granite is a significantly requested material for countertops.
1. Executive Summary 1.1. Global Market Outlook 1.2. Demand-side Trends 1.3. Supply-side Trends 1.4. Technology Roadmap Analysis 1.5. Analysis and Recommendations 2. Market Overview 2.1. Market Coverage / Taxonomy 2.2. Market Definition / Scope / Limitations 3. Market Background 3.1. Market Dynamics 3.1.1. Drivers 3.1.2. Restraints 3.1.3. Opportunity 3.1.4. Trends 3.2. Scenario Forecast 3.2.1. Demand in Optimistic Scenario 3.2.2. Demand in Likely Scenario 3.2.3. Demand in Conservative Scenario 3.3. Opportunity Map Analysis 3.4. Product Life Cycle Analysis 3.5. Supply Chain Analysis 3.5.1. Supply Side Participants and their Roles 3.5.1.1. Producers 3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers) 3.5.1.3. Wholesalers and Distributors 3.5.2. Value Added and Value Created at Node in the Supply Chain 3.5.3. List of Raw Material Suppliers 3.5.4. List of Existing and Potential Buyer’s 3.6. Investment Feasibility Matrix 3.7. Value Chain Analysis 3.7.1. Profit Margin Analysis 3.7.2. Wholesalers and Distributors 3.7.3. Retailers 3.8. PESTLE and Porter’s Analysis 3.9. Regulatory Landscape 3.9.1. By Key Regions 3.9.2. By Key Countries 3.10. Regional Parent Market Outlook 3.11. Production and Consumption Statistics 3.12. Import and Export Statistics 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 4.1. Historical Market Size Value (US$ Million) & Volume (Units) Analysis, 2018 to 2022 4.2. Current and Future Market Size Value (US$ Million) & Volume (Units) Projections, 2023 to 2033 4.2.1. Y-o-Y Growth Trend Analysis 4.2.2. Absolute $ Opportunity Analysis 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Material Type 5.1. Introduction / Key Findings 5.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Material Type, 2018 to 2022 5.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Material Type, 2023 to 2033 5.3.1. Granite 5.3.2. Solid Surfaces 5.3.3. Laminates 5.3.4. Engineered Quartz 5.3.5. Marble 5.3.6. Others 5.4. Y-o-Y Growth Trend Analysis By Material Type, 2018 to 2022 5.5. Absolute $ Opportunity Analysis By Material Type, 2023 to 2033 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By End Use Industries 6.1. Introduction / Key Findings 6.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By End Use Industries, 2018 to 2022 6.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By End Use Industries, 2023 to 2033 6.3.1. Residential 6.3.2. Non-Residential 6.4. Y-o-Y Growth Trend Analysis By End Use Industries, 2018 to 2022 6.5. Absolute $ Opportunity Analysis By End Use Industries, 2023 to 2033 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Construction Activity 7.1. Introduction / Key Findings 7.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Construction Activity, 2018 to 2022 7.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Construction Activity, 2023 to 2033 7.3.1. New Construction 7.3.2. Renovation 7.4. Y-o-Y Growth Trend Analysis By Construction Activity, 2018 to 2022 7.5. Absolute $ Opportunity Analysis By Construction Activity, 2023 to 2033 8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 8.1. Introduction 8.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Region, 2018 to 2022 8.3. Current Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Region, 2023 to 2033 8.3.1. North America 8.3.2. Latin America 8.3.3. Western Europe 8.3.4. Eastern Europe 8.3.5. South Asia and Pacific 8.3.6. East Asia 8.3.7. Middle East and Africa 8.4. Market Attractiveness Analysis By Region 9. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 9.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022 9.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033 9.2.1. By Country 9.2.1.1. USA 9.2.1.2. Canada 9.2.2. By Material Type 9.2.3. By End Use Industries 9.2.4. By Construction Activity 9.3. Market Attractiveness Analysis 9.3.1. By Country 9.3.2. By Material Type 9.3.3. By End Use Industries 9.3.4. By Construction Activity 9.4. Key Takeaways 10. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 10.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022 10.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033 10.2.1. By Country 10.2.1.1. Brazil 10.2.1.2. Mexico 10.2.1.3. Rest of Latin America 10.2.2. By Material Type 10.2.3. By End Use Industries 10.2.4. By Construction Activity 10.3. Market Attractiveness Analysis 10.3.1. By Country 10.3.2. By Material Type 10.3.3. By End Use Industries 10.3.4. By Construction Activity 10.4. Key Takeaways 11. Western Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022 11.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033 11.2.1. By Country 11.2.1.1. Germany 11.2.1.2. UK 11.2.1.3. France 11.2.1.4. Spain 11.2.1.5. Italy 11.2.1.6. Rest of Western Europe 11.2.2. By Material Type 11.2.3. By End Use Industries 11.2.4. By Construction Activity 11.3. Market Attractiveness Analysis 11.3.1. By Country 11.3.2. By Material Type 11.3.3. By End Use Industries 11.3.4. By Construction Activity 11.4. Key Takeaways 12. Eastern Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022 12.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033 12.2.1. By Country 12.2.1.1. Poland 12.2.1.2. Russia 12.2.1.3. Czech Republic 12.2.1.4. Romania 12.2.1.5. Rest of Eastern Europe 12.2.2. By Material Type 12.2.3. By End Use Industries 12.2.4. By Construction Activity 12.3. Market Attractiveness Analysis 12.3.1. By Country 12.3.2. By Material Type 12.3.3. By End Use Industries 12.3.4. By Construction Activity 12.4. Key Takeaways 13. South Asia and Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022 13.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033 13.2.1. By Country 13.2.1.1. India 13.2.1.2. Bangladesh 13.2.1.3. Australia 13.2.1.4. New Zealand 13.2.1.5. Rest of South Asia and Pacific 13.2.2. By Material Type 13.2.3. By End Use Industries 13.2.4. By Construction Activity 13.3. Market Attractiveness Analysis 13.3.1. By Country 13.3.2. By Material Type 13.3.3. By End Use Industries 13.3.4. By Construction Activity 13.4. Key Takeaways 14. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022 14.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033 14.2.1. By Country 14.2.1.1. China 14.2.1.2. Japan 14.2.1.3. South Korea 14.2.2. By Material Type 14.2.3. By End Use Industries 14.2.4. By Construction Activity 14.3. Market Attractiveness Analysis 14.3.1. By Country 14.3.2. By Material Type 14.3.3. By End Use Industries 14.3.4. By Construction Activity 14.4. Key Takeaways 15. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 15.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022 15.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033 15.2.1. By Country 15.2.1.1. GCC Countries 15.2.1.2. South Africa 15.2.1.3. Israel 15.2.1.4. Rest of MEA 15.2.2. By Material Type 15.2.3. By End Use Industries 15.2.4. By Construction Activity 15.3. Market Attractiveness Analysis 15.3.1. By Country 15.3.2. By Material Type 15.3.3. By End Use Industries 15.3.4. By Construction Activity 15.4. Key Takeaways 16. Key Countries Market Analysis 16.1. USA 16.1.1. Pricing Analysis 16.1.2. Market Share Analysis, 2022 16.1.2.1. By Material Type 16.1.2.2. By End Use Industries 16.1.2.3. By Construction Activity 16.2. Canada 16.2.1. Pricing Analysis 16.2.2. Market Share Analysis, 2022 16.2.2.1. By Material Type 16.2.2.2. By End Use Industries 16.2.2.3. By Construction Activity 16.3. Brazil 16.3.1. Pricing Analysis 16.3.2. Market Share Analysis, 2022 16.3.2.1. By Material Type 16.3.2.2. By End Use Industries 16.3.2.3. By Construction Activity 16.4. Mexico 16.4.1. Pricing Analysis 16.4.2. Market Share Analysis, 2022 16.4.2.1. By Material Type 16.4.2.2. By End Use Industries 16.4.2.3. By Construction Activity 16.5. Germany 16.5.1. Pricing Analysis 16.5.2. Market Share Analysis, 2022 16.5.2.1. By Material Type 16.5.2.2. By End Use Industries 16.5.2.3. By Construction Activity 16.6. UK 16.6.1. Pricing Analysis 16.6.2. Market Share Analysis, 2022 16.6.2.1. By Material Type 16.6.2.2. By End Use Industries 16.6.2.3. By Construction Activity 16.7. France 16.7.1. Pricing Analysis 16.7.2. Market Share Analysis, 2022 16.7.2.1. By Material Type 16.7.2.2. By End Use Industries 16.7.2.3. By Construction Activity 16.8. Spain 16.8.1. Pricing Analysis 16.8.2. Market Share Analysis, 2022 16.8.2.1. By Material Type 16.8.2.2. By End Use Industries 16.8.2.3. By Construction Activity 16.9. Italy 16.9.1. Pricing Analysis 16.9.2. Market Share Analysis, 2022 16.9.2.1. By Material Type 16.9.2.2. By End Use Industries 16.9.2.3. By Construction Activity 16.10. Poland 16.10.1. Pricing Analysis 16.10.2. Market Share Analysis, 2022 16.10.2.1. By Material Type 16.10.2.2. By End Use Industries 16.10.2.3. By Construction Activity 16.11. Russia 16.11.1. Pricing Analysis 16.11.2. Market Share Analysis, 2022 16.11.2.1. By Material Type 16.11.2.2. By End Use Industries 16.11.2.3. By Construction Activity 16.12. Czech Republic 16.12.1. Pricing Analysis 16.12.2. Market Share Analysis, 2022 16.12.2.1. By Material Type 16.12.2.2. By End Use Industries 16.12.2.3. By Construction Activity 16.13. Romania 16.13.1. Pricing Analysis 16.13.2. Market Share Analysis, 2022 16.13.2.1. By Material Type 16.13.2.2. By End Use Industries 16.13.2.3. By Construction Activity 16.14. India 16.14.1. Pricing Analysis 16.14.2. Market Share Analysis, 2022 16.14.2.1. By Material Type 16.14.2.2. By End Use Industries 16.14.2.3. By Construction Activity 16.15. Bangladesh 16.15.1. Pricing Analysis 16.15.2. Market Share Analysis, 2022 16.15.2.1. By Material Type 16.15.2.2. By End Use Industries 16.15.2.3. By Construction Activity 16.16. Australia 16.16.1. Pricing Analysis 16.16.2. Market Share Analysis, 2022 16.16.2.1. By Material Type 16.16.2.2. By End Use Industries 16.16.2.3. By Construction Activity 16.17. New Zealand 16.17.1. Pricing Analysis 16.17.2. Market Share Analysis, 2022 16.17.2.1. By Material Type 16.17.2.2. By End Use Industries 16.17.2.3. By Construction Activity 16.18. China 16.18.1. Pricing Analysis 16.18.2. Market Share Analysis, 2022 16.18.2.1. By Material Type 16.18.2.2. By End Use Industries 16.18.2.3. By Construction Activity 16.19. Japan 16.19.1. Pricing Analysis 16.19.2. Market Share Analysis, 2022 16.19.2.1. By Material Type 16.19.2.2. By End Use Industries 16.19.2.3. By Construction Activity 16.20. South Korea 16.20.1. Pricing Analysis 16.20.2. Market Share Analysis, 2022 16.20.2.1. By Material Type 16.20.2.2. By End Use Industries 16.20.2.3. By Construction Activity 16.21. GCC Countries 16.21.1. Pricing Analysis 16.21.2. Market Share Analysis, 2022 16.21.2.1. By Material Type 16.21.2.2. By End Use Industries 16.21.2.3. By Construction Activity 16.22. South Africa 16.22.1. Pricing Analysis 16.22.2. Market Share Analysis, 2022 16.22.2.1. By Material Type 16.22.2.2. By End Use Industries 16.22.2.3. By Construction Activity 16.23. Israel 16.23.1. Pricing Analysis 16.23.2. Market Share Analysis, 2022 16.23.2.1. By Material Type 16.23.2.2. By End Use Industries 16.23.2.3. By Construction Activity 17. Market Structure Analysis 17.1. Competition Dashboard 17.2. Competition Benchmarking 17.3. Market Share Analysis of Top Players 17.3.1. By Regional 17.3.2. By Material Type 17.3.3. By End Use Industries 17.3.4. By Construction Activity 18. Competition Analysis 18.1. Competition Deep Dive 18.1.1. Caesarstone Ltd. 18.1.1.1. Overview 18.1.1.2. Product Portfolio 18.1.1.3. Profitability by Market Segments 18.1.1.4. Sales Footprint 18.1.1.5. Strategy Overview 18.1.1.5.1. Marketing Strategy 18.1.1.5.2. Product Strategy 18.1.1.5.3. Channel Strategy 18.1.2. Illinois Tool Works Inc. 18.1.2.1. Overview 18.1.2.2. Product Portfolio 18.1.2.3. Profitability by Market Segments 18.1.2.4. Sales Footprint 18.1.2.5. Strategy Overview 18.1.2.5.1. Marketing Strategy 18.1.2.5.2. Product Strategy 18.1.2.5.3. Channel Strategy 18.1.3. Pokarna Ltd. 18.1.3.1. Overview 18.1.3.2. Product Portfolio 18.1.3.3. Profitability by Market Segments 18.1.3.4. Sales Footprint 18.1.3.5. Strategy Overview 18.1.3.5.1. Marketing Strategy 18.1.3.5.2. Product Strategy 18.1.3.5.3. Channel Strategy 18.1.4. E. I. duPont de Nemours and Company 18.1.4.1. Overview 18.1.4.2. Product Portfolio 18.1.4.3. Profitability by Market Segments 18.1.4.4. Sales Footprint 18.1.4.5. Strategy Overview 18.1.4.5.1. Marketing Strategy 18.1.4.5.2. Product Strategy 18.1.4.5.3. Channel Strategy 18.1.5. Cosentino Group 18.1.5.1. Overview 18.1.5.2. Product Portfolio 18.1.5.3. Profitability by Market Segments 18.1.5.4. Sales Footprint 18.1.5.5. Strategy Overview 18.1.5.5.1. Marketing Strategy 18.1.5.5.2. Product Strategy 18.1.5.5.3. Channel Strategy 18.1.6. Silestone 18.1.6.1. Overview 18.1.6.2. Product Portfolio 18.1.6.3. Profitability by Market Segments 18.1.6.4. Sales Footprint 18.1.6.5. Strategy Overview 18.1.6.5.1. Marketing Strategy 18.1.6.5.2. Product Strategy 18.1.6.5.3. Channel Strategy 18.1.7. AKG Group 18.1.7.1. Overview 18.1.7.2. Product Portfolio 18.1.7.3. Profitability by Market Segments 18.1.7.4. Sales Footprint 18.1.7.5. Strategy Overview 18.1.7.5.1. Marketing Strategy 18.1.7.5.2. Product Strategy 18.1.7.5.3. Channel Strategy 18.1.8. Vicostone 18.1.8.1. Overview 18.1.8.2. Product Portfolio 18.1.8.3. Profitability by Market Segments 18.1.8.4. Sales Footprint 18.1.8.5. Strategy Overview 18.1.8.5.1. Marketing Strategy 18.1.8.5.2. Product Strategy 18.1.8.5.3. Channel Strategy 18.1.9. Cambria 18.1.9.1. Overview 18.1.9.2. Product Portfolio 18.1.9.3. Profitability by Market Segments 18.1.9.4. Sales Footprint 18.1.9.5. Strategy Overview 18.1.9.5.1. Marketing Strategy 18.1.9.5.2. Product Strategy 18.1.9.5.3. Channel Strategy 18.1.10. Aro Granite Industries Ltd. 18.1.10.1. Overview 18.1.10.2. Product Portfolio 18.1.10.3. Profitability by Market Segments 18.1.10.4. Sales Footprint 18.1.10.5. Strategy Overview 18.1.10.5.1. Marketing Strategy 18.1.10.5.2. Product Strategy 18.1.10.5.3. Channel Strategy 18.1.11. Asian Granito India Ltd. 18.1.11.1. Overview 18.1.11.2. Product Portfolio 18.1.11.3. Profitability by Market Segments 18.1.11.4. Sales Footprint 18.1.11.5. Strategy Overview 18.1.11.5.1. Marketing Strategy 18.1.11.5.2. Product Strategy 18.1.11.5.3. Channel Strategy 19. Assumptions & Acronyms Used 20. Research Methodology
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