The global kitchen countertop market size was valued at $52,700.0 million in 2020, and is projected to reach $80,419.3 million by 2032, registering a CAGR of 3.9% from 2023 to 2032. A kitchen countertop is a flat, sturdy surface that acts as a working station in the kitchen. It is heat and water-resistant and is typically mounted on the kitchen wall at (889mm) above the floor. The materials used for countertops are granite, quartz, marble, solid surfaces, and others.
Rapid expansion of the construction industry is anticipated to fuel the growth of the kitchen countertops market. Granite and engineered quartz are a great option for both residential and commercial building projects owing to their additional advantages, such as their resistance to germs, scratching, and heat. The use of granite, engineered quartz, and quartzite is anticipated to increase throughout the forecast period, owing to rapid increase in the development of commercial and residential projects. For instance, according to the UK's Office of National Statistics, the volume of monthly building production increased by 3.5% in November 2021.
The growing popularity of renovation and remodeling projects has contributed to the expansion of the countertop market. The demand for countertops continues to increase with more people investing in home improvement and renovation projects . The use of advanced technologies and the availability of more design options also play a key role in the growth of the kitchen countertop market. Therefore, the kitchen countertop market is expected to grow strongly during the forecast period.
The kitchen countertop market is segmented on the basis of material, style, application, and region. On the basis of material, the market is categorized into granite, engineered (quartz), marble, quartzite, and others. On the basis of style, the market is divided into traditional, contemporary, modern, and others. On the basis of application, the market is bifurcated into residential and commercial. On the basis of region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The major players that operate in the global market have adopted key strategies such as product launch, and product development to strengthen their market outreach and sustain the stiff competition in the market. For instance, in January 2021, Caesarstone acquired Omicron Granite and Tile as a step toward achieving its North American Growth Acceleration Plan. This acquisition expands Caesarstone's distribution network and provides 17 new locations from which Caesarstone operates and showcases its state-of-the-art space.
Rapid expansion of the construction industry is anticipated to fuel the growth of the kitchen countertops market. Granite and engineered quartz are a great option for both residential and commercial building projects owing to their additional advantages, such as their resistance to germs, scratching, and heat. The use of granite, engineered quartz, and quartzite is anticipated to increase throughout the forecast period, owing to rapid increase in the development of commercial and residential projects. For instance, according to the UK's Office of National Statistics, the volume of monthly building production increased by 3.5% in November 2021.
The growing popularity of renovation and remodeling projects has contributed to the expansion of the countertop market. The demand for countertops continues to increase with more people investing in home improvement and renovation projects . The use of advanced technologies and the availability of more design options also play a key role in the growth of the kitchen countertop market. Therefore, the kitchen countertop market is expected to grow strongly during the forecast period.
The kitchen countertop market is segmented on the basis of material, style, application, and region. On the basis of material, the market is categorized into granite, engineered (quartz), marble, quartzite, and others. On the basis of style, the market is divided into traditional, contemporary, modern, and others. On the basis of application, the market is bifurcated into residential and commercial. On the basis of region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The major players that operate in the global market have adopted key strategies such as product launch, and product development to strengthen their market outreach and sustain the stiff competition in the market. For instance, in January 2021, Caesarstone acquired Omicron Granite and Tile as a step toward achieving its North American Growth Acceleration Plan. This acquisition expands Caesarstone's distribution network and provides 17 new locations from which Caesarstone operates and showcases its state-of-the-art space.
Competition Analysis
Key companies profiled in the kitchen countertop market include Aro Granite Industries Ltd., Asian Granito India Ltd., Caeserstone Ltd., Cambria Co., Cosentino SA, Florim Ceramiche S.p.A., LG Hausys, Ltd., Vicostone, LaminamSpA, and Sapienstone.Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the kitchen countertop market analysis from 2020 to 2032 to identify the prevailing kitchen countertop market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the kitchen countertop market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global kitchen countertop market trends, key players, market segments, application areas, and market growth strategies.
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- Installed Base analysis
- Product Benchmarking / Product specification and applications
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- Product Consumption Analysis
- Reimbursement Scenario
- SWOT Analysis
- Volume Market Size and Forecast
Key Market Segments
By Application
- Residential
- Commercial
By Material
- Marble
- Quartzite
- others
- Granite
- Engineered (Quartz)
By Style
- Traditional
- Contempory
- Modern
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- UK
- Italy
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
- Key Market Players
- Asian Granito India Ltd.
- Caeserstone Ltd.
- Cambria
- Vicostone
- Cosentino SA
- Florim Ceramiche S.p.A.
- LG Hausys, Ltd.
- Laminam SpA
- Iris Ceramica Group
- Aro Granite Industries Ltd.
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Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: KITCHEN COUNTERTOP MARKET, BY MATERIAL
CHAPTER 5: KITCHEN COUNTERTOP MARKET, BY STYLE
CHAPTER 6: KITCHEN COUNTERTOP MARKET, BY APPLICATION
CHAPTER 7: KITCHEN COUNTERTOP MARKET, BY REGION
CHAPTER 8: COMPETITIVE LANDSCAPE
CHAPTER 9: COMPANY PROFILES
List of Tables
List of Figures
Executive Summary
According to the report, the kitchen countertop market was valued at $52.7 billion in 2020, and is estimated to reach $80.4 billion by 2032, growing at a CAGR of 3.9% from 2023 to 2032.A kitchen countertop is a flat, sturdy surface that acts as a working station in the kitchen. It is heat and water-resistant and is typically mounted on the kitchen wall at (889mm) above the floor. The materials used for countertops are granite, quartz, marble, solid surfaces, and others.
Rapid expansion of the construction industry is anticipated to fuel the growth of the kitchen countertops market. Granite and engineered quartz are a great option for both residential and commercial building projects owing to their additional advantages, such as their resistance to germs, scratching, and heat. The use of granite, engineered quartz, and quartzite is anticipated to increase throughout the forecast period, owing to rapid increase in the development of commercial and residential projects. For instance, according to the UK's Office of National Statistics, the volume of monthly building production increased by 3.5% in November 2021.
The growing popularity of renovation and remodeling projects has contributed to the expansion of the countertop market. The demand for countertops continues to increase with more people investing in home improvement and renovation projects . The use of advanced technologies and the availability of more design options also play a key role in the growth of the kitchen countertop market. Therefore, the kitchen countertop market is expected to grow strongly during the forecast period.
According to data from the United Nations (UN), more than 54% of the global population is living in urban Kitchen countertops are an essential part of any kitchen. These provide a durable practical surface for preparing food cooking and eating. In addition, granite and quartz are extremely durable and can withstand daily wear and tear. They are heat resistant, scratch and stain resistant as well as chemical resistant, making them ideal for use in the kitchen. They are very easy to clean and maintain. One of the major drivers is the growing preference for durability and low maintenance. In addition, homeowners are looking for countertops that can withstand the rigors of daily use and resist stains and damage. Granite and quartz are durable and preferable countertops by homeowners. For example, Caesarstone offers quartz surfaces that not only mimic the look of natural stone but also offer superior wear resistance, making it a popular choice among consumers. The major factor is the emphasis on aesthetics and style. The kitchen countertop is the center of the overall appearance of the kitchen space. The desire for attractive, eye-catching countertops has led to growing interest in natural stone materials such as granite and marble is expected to boost the kitchen countertops market growth. For instance, MSI Stone offers a variety of granite and marble countertops in a variety of colors and patterns, allowing homeowners to achieve a decorative aesthetic in their kitchens. Such an element emphasizes the enduring importance of aesthetics in kitchen design and its influence on countertop choices is anticipated to provide lucrative opportunities for the growth of the market.
The kitchen countertop market is segmented on the basis of material, style, application, and region. On the basis of material, the market is categorized into granite, engineered (quartz), marble, quartzite, and others. On the basis of style, the market is divided into traditional, contemporary, modern, and others. On the basis of application, the market is bifurcated into residential and commercial. On the basis of region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The key players profiled in the study include Aro Granite Industries Ltd., Asian Granito India Ltd., Caeserstone Ltd., Cambria Co., Cosentino SA, Florim Ceramiche S.p.A., LG Hausys, Ltd., Vicostone, LaminamSpA, and Sapienstone. The major players that operate in the global market have adopted key strategies such as product launch, and product development to strengthen their market outreach and sustain the stiff competition in the market. For instance, in January 2021, Caesarstone acquired Omicron Granite and Tile as a step toward achieving its North American Growth Acceleration Plan. This acquisition expands Caesarstone's distribution network and provides 17 new locations from which Caesarstone operates and showcases its state-of-the-art space.
Key Market Insights
- By material, the granite segment accounted for the largest share, and quartz is expected to experience rapid growth in the market and is projected to grow at a CAGR of 4.6% from 2023 to 2032.
- By style, the traditional segment is projected to grow at a CAGR of 4.3% during the forecast period.
- By application, the commercial segment is projected to grow at a CAGR of 4.1% during the forecast period.
- Region wise, Asia-Pacific is expected to experience growth at the highest rate, registering a CAGR of 4.5% during the forecast period.
Companies Mentioned
- Asian Granito India Ltd.
- Caeserstone Ltd.
- Cambria
- Vicostone
- Cosentino SA
- Florim Ceramiche S.p.A.
- LG Hausys, Ltd.
- Laminam SpA
- Iris Ceramica Group
- Aro Granite Industries Ltd.
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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