Countertop Market

Countertop Market: APEJ region to dominate the market by value throughout the assessment period: Global Industry Analysis (2012 - 2016) & Opportunity Assessment (2017 - 2026)

The global countertop market is showing an upward trend throughout the world due to various factors such as rising rates of employment, increasing disposable incomes and low interest rates, particularly in the United States, which has encouraged the demand of residential construction. Hence, the global countertop market is growing steadily as residential construction and private spending on home enhancements are exhibiting a growth trend. Countertops are usually installed in new homes and during the renovations of kitchens. In addition, there is an increase in mortgage refinances and lending from the banks, and hence making more credit available for the refurbishment of existing homes and this adds a further boost to the countertop market. Hence, a stable rise in the countertops sales is due to a rise in the residential construction and increase in the private spending on homes. The market value of countertop market is set to rise due to an increasing preference of higher priced materials rather than the laminates. Adding to this scenario is the drop in the price of the granite stone. This is particularly true for the countertop market in the United States where there has been an increased flow of granite from low-cost imports. A steady supply of low cost granite since the past decade has made this material popular and widely available in the mass market in the United States. Hence, more and more consumers are preferring granite countertops due to their high level of aesthetics and relatively lower cost.

global countertop  market

This Future Market Insights report on the global countertop market forecasts that the global countertop market will touch a valuation of nearly US$ 142,000 Mn in the year 2026 and exhibit a moderate CAGR during the period of assessment.

APEJ Market Set to Dominate the Global Countertop Market in Terms of Revenue

The market in APEJ is set to dominate the global countertop market in terms of value and this trend is projected to sustain itself throughout the period of assessment. APEJ countertop market is the most attractive market, growing at a robust CAGR during the assessment period.

Granite Material Type Segment to Touch a Value of Nearly US$ 39,500 Mn in 2026

As per the forecast of Future Market Insights, the granite material type segment is expected to reach a valuation of nearly US$ 39,500 Mn by the end of 2026. This represents a moderate CAGR during the forecast period of 2017-2026. The granite material type segment was expected to account for more than one-fourth of the revenue share of the material type category by the end of the year 2017 and is expected to lose market share by the end of the year 2026.

Residential Segment to Exhibit a CAGR of 4.6% During the Assessment Period

As per the forecast of Future Market Insights, the residential segment is slated to touch a valuation of nearly US$ 40,900 Mn in the year 2026. This represents a CAGR of 4.6% during the period of assessment from 2017 till the year 2026. The residential segment is expected to lose market share by the end of the year 2026. The residential segment was expected to account for more than one-fourth of the revenue share of the end use industries category by the year 2017.

Competition Tracking

The report also profiles the companies that are expected to remain active in the expansion of global countertop market through 2026, which include Caesarstone Ltd., Illinois Tool Works Inc., Pokarna Ltd, E. I. du Pont de Nemours and Company, Cosentino Group, Silestone, AKG Group, Vicostone, Cambria, Aro Granite Industries Ltd. and Asian Granito India Ltd.

Future Market Insights presents yet another comprehensive and an insightful report titled ‘Countertop Market: Global Industry Analysis 2012 – 2016 and Opportunity Assessment 2017 – 2026’. In this report, the market for countertop is covered in detail and explores all the factors that are the reason for the sustained growth of the countertop market.

Report Structure

The report is divided into four distinct sections. The first part of the report consists of the executive summary and the introduction. The executive summary gives a cursory look at the global countertop market and gives the pertinent market numbers that are most important, that includes the historical CAGR growth from 2012 till 2016 and the forecasted CAGR from the year 2017 till the end of the forecast period in 2026. The most important segment and region pertaining to the countertop market is also given in the executive summary. In the introduction part, the countertops are defined clearly so that the report audiences are clear about the scope of this market and the introduction to the countertop and their applications are given. The introduction part also contains the market taxonomy of the global countertop market. Besides, the introduction part also contains the global countertop market dynamics which consist of the various drivers, restraints and trends operating the in this market. In addition to this, the introduction part also contains the supply chain analysis, cost structure analysis, pricing analysis and raw material sourcing strategy and analysis to give a 360 degree view of the global countertop market. At the end of the introduction part, a list of distributors and key participants market presence (Intensity Map) by region is also given.

The second part of the report consists of the global countertop market analysis and forecast by material type, end use industries, construction activity and by region. This section of the report contains important market numbers in the form of year-on-year growth comparison, market share comparison and revenue comparison. The third part of the report contains the regional countertop market analysis and forecast, which is further broken down into country level forecasts. The regions are selected as per the market taxonomy.

Competition Landscape

The last part of the report consists of the competition landscape, where leading market players operating in the global countertop market are profiled individually. This information is in the form of company overview, product overview, key financials and key developments pertaining to that particular company. The competition landscape section also contains the SWOT analysis of the featured companies, which gives the report audiences information about the strengths, weaknesses, opportunities and the threats that the leading companies operating in the global countertop market are facing. This competition landscape is a valuable part of the report as it contains all the necessary information to study the leading companies operating in the global countertop market in detail and find how they implement their strategies and vision to stay at top in this highly competitive market. This type of information is invaluable for the new entrants in the global countertop market as they can learn quite a bit from the leading companies operating in this market. Also, the information provided in the competition landscape is also valuable for the established companies in the global countertop market as they come to know about their competitors and the strategies they have adopted to stay at the pole position in this cut- throat market.

Research Methodology

Overall market size has been analysed through historical data, primary responses, and public domain data. Revenue of companies in the countertop market has been benchmarked to ascertain the market size for the base year. Macroeconomic indicators such as GDP and industry growth have been considered to forecast the market size over the forecast period. The historical growth trend of end-use industries, market participants’ performance, as well as the present macro-economic outlook has been taken into consideration for estimating the overall market trend forecast. This data is then validated using the triangulation method and is extensively scrutinised using advanced tools to garner quantitative and qualitative insights into the global countertop market.  

Market Taxonomy

Region

Material Type

End Use Industries

Construction Activity

  • North America

  • Granite

  • Residential

  • New Construction

  • Latin America

  • Solid Surfaces

  • Non-Residential

  • Renovation

  • Europe

  • Laminates

 

 

  • Japan

  • Engineered Quartz

 

 

  • APEJ

  • Marble

 

 

  • MEA

  • Others