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Engineered Stone Market Size, Share & Trends Analysis Report by Product (Tiles, Blocks & Slabs), Application (Countertops, Flooring, Others), Region (North America, Europe, Asia Pacific), and Segment Forecasts, 2023-2030

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    Report

  • 80 Pages
  • November 2023
  • Region: Global
  • Grand View Research
  • ID: 5516258
Description Jump to:
The global engineered stone market size is expected to reach USD 36.76 billion by 2030, registering a CAGR of 5.8% over the forecast period, according to the report. Increasing product adoption as an environmentally sustainable and aesthetically pleasing low-cost alternative to natural stones like marble and granite is augmenting the market growth. The market is struggling due to the underperformance of the construction sector as a result of the COVID-19 pandemic. Moreover, factors such as low awareness and high capital costs of products, are inhibiting market growth in emerging economies.

The market is witnessing huge potential on account of continuous R&D activities by the major companies. Engineered stones are anticipated to gain popularity owing to their superior properties coupled with their diversified applications in the residential and commercial sectors, such as kitchen countertops, vanity tops, flooring, and bathroom furnishings. Companies are working effectively to raise their manufacturing capacities to meet the growing demand for engineered stone slabs. In addition, to acquire a leading position, key players are focusing on providing a wide range of customization options, in terms of color, texture, design pattern, size, and shape.

Engineered Stone Market Report Highlights

  • Factors, such as increasing demand for durable & highly customized floor tiles & countertops and changing trends in interior decoration & design, have been critical to the market growth over the last few years
  • The expansion of offices and workspaces, changing consumer lifestyles, and rapid urbanization are expected to augment the market growth
  • The blocks & slabs product segment led the market in 2022 and is projected to grow at a significant CAGR from 2023 to 2030 due to the high product demand
  • Asia Pacific is expected to witness the fastest CAGR from 2023 to 2030 on account of the growing real estate industry and developing infrastructure facilities across the region
  • In Asia Pacific, China contributed the largest revenue share in 2022 and is anticipated to continue its dominance over the forecast period owing to the rapid urbanization, increasing construction activities, and evolving economic circumstances
  • The market growth in the MEA region is expected to be hampered by high import costs and limited commercial infrastructure

Table of Contents

Chapter 1. Methodology and Scope
1.1. Market Segmentation & Scope
1.1.1. Product
1.1.2. Application
1.1.3. Regional scope
1.1.4. Estimates and forecast timeline
1.2. Research Methodology
1.3. Information Procurement
1.3.1. Purchased database
1.3.2. Internal database
1.3.3. Secondary sources
1.3.4. Primary research
1.3.5. Details of primary research
1.4. Information or Data Analysis
1.5. Market Formulation & Validation
1.6. Model Details
1.7. List of Secondary Sources
1.8. List of Primary Sources
1.9. Objectives
Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Segment Outlook
2.2.1. Product outlook
2.2.2. Application outlook
2.2.3. Regional outlook
2.3. Competitive Insights
Chapter 3. Engineered Stone Market Variables, Trends & Scope
3.1. Market Lineage Outlook
3.2. Penetration & Growth Prospect Mapping
3.3. Value Chain Analysis
3.4. Regulatory Framework
3.5. Market Dynamics
3.5.1. Market Driver Analysis
3.5.2. Market restraint analysis
3.5.3. Industry opportunities & challenges
3.6. Engineered Stone Market Analysis Tools
3.6.1. Industry Analysis - Porter’s Five Forces
3.6.1.1. Supplier power
3.6.1.2. Buyer power
3.6.1.3. Substitution threat
3.6.1.4. Threat of new entrant
3.6.1.5. Competitive rivalry
3.6.2. PESTEL Analysis
3.6.2.1. Political landscape
3.6.2.2. Technological landscape
3.6.2.3. Economic landscape
3.6.2.4. Social landscape
3.6.2.5. Environmental landscape
3.6.2.6. Legal landscape
Chapter 4. Supplier Portfolio Analysis
4.1. List of Suppliers
4.2. Kraljic Matrix
4.3. Sourcing Best Practices
4.4. Negotiation Strategies
Chapter 5. Engineered Stone Market: Product Estimates & Trends Analysis
5.1. Engineered Stone Market: Key Takeaways
5.2. Engineered Stone Market: Product Movement & Market Share Analysis, 2022 & 2030
5.3. Tiles
5.3.1. Tiles market estimates and forecasts, 2018 to 2030 (USD Million, Million Square Meters)
5.4. Blocks & Slabs
5.4.1. Blocks & slabs market estimates and forecasts, 2018 to 2030 (USD Million, Million Square Meters)
Chapter 6. Engineered Stone Market: Application Estimates & Trends Analysis
6.1. Engineered Stone Market: Key Takeaways
6.2. Engineered Stone Market: Application Movement & Market Share Analysis, 2022 & 2030
6.3. Countertops
6.3.1. Countertops market estimates and forecasts, 2018 to 2030 (USD Million, Million Square Meters)
6.4. Flooring
6.4.1. Flooring market estimates and forecasts, 2018 to 2030 (USD Million, Million Square Meters)
6.5. Others
6.5.1. Others market estimates and forecasts, 2018 to 2030 (USD Million, Million Square Meters)
Chapter 7. Engineered Stone Market: Regional Estimates & Trend Analysis
7.1. Regional Outlook
7.2. Engineered Stone Market by Region: Key Takeaways
7.3. North America
7.3.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million; Volume, Million Square Meters)
7.3.2. U.S.
7.3.2.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million; Volume, Million Square Meters)
7.3.3. Canada
7.3.3.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million; Volume, Million Square Meters)
7.3.4. Mexico
7.3.4.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million; Volume, Million Square Meters)
7.4. Europe
7.4.1. Germany
7.4.1.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million; Volume, Million Square Meters)
7.4.2. UK
7.4.2.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million; Volume, Million Square Meters)
7.4.3. France
7.4.3.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million; Volume, Million Square Meters)
7.4.4. Italy
7.4.4.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million; Volume, Million Square Meters)
7.4.5. Spain
7.4.5.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million; Volume, Million Square Meters)
7.5. Asia Pacific
7.5.1. Japan
7.5.1.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million; Volume, Million Square Meters)
7.5.2. China
7.5.2.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million; Volume, Million Square Meters)
7.5.3. India
7.5.3.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million; Volume, Million Square Meters)
7.5.4. South Korea
7.5.4.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million; Volume, Million Square Meters)
7.6. Central & South America
7.6.1. Brazil
7.6.1.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million; Volume, Million Square Meters)
7.6.2. Argentina
7.6.2.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million; Volume, Million Square Meters)
7.7. MEA
7.7.1. Saudi Arabia
7.7.1.1. Market estimates and forecasts, 2018 - 2030 (Revenue, USD Million; Volume, Million Square Meters)
Chapter 8. Competitive Landscape
8.1. Recent Developments & Impact Analysis, By Key Market Participants
8.2. Market Participant Categorization
8.2.1. LX Hausys
8.2.1.1. Company overview
8.2.1.2. Financial performance
8.2.1.3. Product benchmarking
8.2.1.4. Strategic initiatives
8.2.2. Johnson Marble & Quartz
8.2.2.1. Company overview
8.2.2.2. Financial performance
8.2.2.3. Product benchmarking
8.2.2.4. Strategic initiatives
8.2.3. Technistone A.S.
8.2.3.1. Company overview
8.2.3.2. Financial performance
8.2.3.3. Product benchmarking
8.2.3.4. Strategic initiatives
8.2.4. Caesarstone Ltd.
8.2.4.1. Company overview
8.2.4.2. Financial performance
8.2.4.3. Product benchmarking
8.2.4.4. Strategic initiatives
8.2.5. Belenco
8.2.5.1. Company overview
8.2.5.2. Financial performance
8.2.5.3. Product benchmarking
8.2.5.4. Strategic initiatives
8.2.6. Quarella Group Ltd.
8.2.6.1. Company overview
8.2.6.2. Financial performance
8.2.6.3. Product benchmarking
8.2.6.4. Strategic initiatives
8.2.7. Quartzforms
8.2.7.1. Company overview
8.2.7.2. Financial performance
8.2.7.3. Product benchmarking
8.2.7.4. Strategic initiatives
8.2.8. Stone Italiana S.p.A.
8.2.8.1. Company overview
8.2.8.2. Financial performance
8.2.8.3. Product benchmarking
8.2.8.4. Strategic initiatives
8.2.9. Cosentino S.A.
8.2.9.1. Company overview
8.2.9.2. Financial performance
8.2.9.3. Product benchmarking
8.2.9.4. Strategic initiatives
8.2.10. VICOSTONE
8.2.10.1. Company overview
8.2.10.2. Financial performance
8.2.10.3. Product benchmarking
8.2.10.4. Strategic initiatives
List of Tables
Table 1 List of Abbreviations
Table 2 North America engineered stone market, by product, 2018 - 2030 (USD Million, Million Square Meters)
Table 3 North America engineered stone market, by application, 2018 - 2030 (USD Million, Million Square Meters)
Table 4 North America engineered stone market, by region, 2018 - 2030 (USD Million, Million Square Meters)
Table 5 U.S. engineered stone market, by product, 2018 - 2030 (USD Million, Million Square Meters)
Table 6 U.S. engineered stone market, by application, 2018 - 2030 (USD Million, Million Square Meters)
Table 7 Canada engineered stone market, by product, 2018 - 2030 (USD Million, Million Square Meters)
Table 8 Canada engineered stone market, by application, 2018 - 2030 (USD Million, Million Square Meters)
Table 9 Mexico engineered stone market, by product, 2018 - 2030 (USD Million, Million Square Meters)
Table 10 Mexico engineered stone market, by application, 2018 - 2030 (USD Million, Million Square Meters)
Table 11 Europe engineered stone market, by product, 2018 - 2030 (USD Million, Million Square Meters)
Table 12 Europe engineered stone market, by application, 2018 - 2030 (USD Million, Million Square Meters)
Table 13 Europe engineered stone market, by region, 2018 - 2030 (USD Million, Million Square Meters)
Table 14 Germany engineered stone market, by product, 2018 - 2030 (USD Million, Million Square Meters)
Table 15 Germany engineered stone market, by application, 2018 - 2030 (USD Million, Million Square Meters)
Table 16 UK engineered stone market, by product, 2018 - 2030 (USD Million, Million Square Meters)
Table 17 UK engineered stone market, by application, 2018 - 2030 (USD Million, Million Square Meters)
Table 18 France engineered stone market, by product, 2018 - 2030 (USD Million, Million Square Meters)
Table 19 France engineered stone market, by application, 2018 - 2030 (USD Million, Million Square Meters)
Table 20 Italy engineered stone market, by product, 2018 - 2030 (USD Million, Million Square Meters)
Table 21 Italy engineered stone market, by application, 2018 - 2030 (USD Million, Million Square Meters)
Table 22 Spain engineered stone market, by product, 2018 - 2030 (USD Million, Million Square Meters)
Table 23 Spain engineered stone market, by application, 2018 - 2030 (USD Million, Million Square Meters)
Table 24 Asia Pacific engineered stone market, by product, 2018 - 2030 (USD Million, Million Square Meters)
Table 25 Asia Pacific engineered stone market, by application, 2018 - 2030 (USD Million, Million Square Meters)
Table 26 Asia Pacific engineered stone market, by region, 2018 - 2030 (USD Million, Million Square Meters)
Table 27 China engineered stone market, by product, 2018 - 2030 (USD Million, Million Square Meters)
Table 28 China engineered stone market, by application, 2018 - 2030 (USD Million, Million Square Meters)
Table 29 Japan engineered stone market, by product, 2018 - 2030 (USD Million, Million Square Meters)
Table 30 Japan engineered stone market, by application, 2018 - 2030 (USD Million, Million Square Meters)
Table 31 India engineered stone market, by product, 2018 - 2030 (USD Million, Million Square Meters)
Table 32 India engineered stone market, by application, 2018 - 2030 (USD Million, Million Square Meters)
Table 33 South Korea engineered stone market, by product, 2018 - 2030 (USD Million, Million Square Meters)
Table 34 South Korea engineered stone market, by application, 2018 - 2030 (USD Million, Million Square Meters)
Table 35 Central & South America engineered stone market, by product, 2018 - 2030 (USD Million, Million Square Meters)
Table 36 Central & South America engineered stone market, by application, 2018 - 2030 (USD Million, Million Square Meters)
Table 37 Central & South America engineered stone market, by region, 2018 - 2030 (USD Million, Million Square Meters)
Table 38 Brazil engineered stone market, by product, 2018 - 2030 (USD Million, Million Square Meters)
Table 39 Brazil engineered stone market, by application, 2018 - 2030 (USD Million, Million Square Meters)
Table 40 Argentina engineered stone market, by product, 2018 - 2030 (USD Million, Million Square Meters)
Table 41 Argentina engineered stone market, by application, 2018 - 2030 (USD Million, Million Square Meters)
Table 42 Middle East and Africa engineered stone market, by product, 2018 - 2030 (USD Million, Million Square Meters)
Table 43 Middle East and Africa engineered stone market, by application, 2018 - 2030 (USD Million, Million Square Meters)
Table 44 Middle East and Africa engineered stone market, by region, 2018 - 2030 (USD Million, Million Square Meters)
Table 45 Saudi Arabia engineered stone market, by product, 2018 - 2030 (USD Million, Million Square Meters)
Table 46 Saudi Arabia engineered stone market, by application, 2018 - 2030 (USD Million, Million Square Meters)
List of Figures
Fig. 1 Market research process
Fig. 2 Data triangulation techniques
Fig. 3 Primary research pattern
Fig. 4 Market research approaches
Fig. 5 Value-chain-based sizing & forecasting
Fig. 6 QFD modeling for market share assessment
Fig. 7 Market formulation & validation
Fig. 8 Engineered stone: Market outlook
Fig. 9 Engineered stone: Competitive insights
Fig. 10 Parent market outlook
Fig. 11 Related/ancillary market outlook
Fig. 12 Penetration and growth prospect mapping
Fig. 13 Industry value chain analysis
Fig. 14 Engineered stone market driver impact
Fig. 15 Engineered stone market restraint impact
Fig. 16 Engineered stone market strategic initiatives analysis
Fig. 17 Engineered stone market: Product movement analysis
Fig. 18 Engineered stone market: Product outlook and key takeaways
Fig. 19 Tiles market estimates and forecasts, 2018 - 2030
Fig. 20 Blocks & slabs market estimates and forecasts, 2018 - 2030
Fig. 21 Engineered stone market: Application movement analysis
Fig. 22 Engineered stone market: Application outlook and key takeaways
Fig. 23 Countertops market estimates and forecasts, 2018 - 2030
Fig. 24 Flooring market estimates and forecasts, 2018 - 2030
Fig. 25 Others market estimates and forecasts, 2018 - 2030
Fig. 26 Global engineered stone market: Regional movement analysis
Fig. 27 Global engineered stone market: Regional outlook and key takeaways
Fig. 28 North America market estimates and forecasts, 2018 - 2030
Fig. 29 U.S. market estimates and forecasts, 2018 - 2030
Fig. 30 Canada market estimates and forecasts, 2018 - 2030
Fig. 31 Mexico market estimates and forecasts, 2018 - 2030
Fig. 32 Europe market estimates and forecasts, 2018 - 2030
Fig. 33 U.K. market estimates and forecasts, 2018 - 2030
Fig. 34 Germany market estimates and forecasts, 2018 - 2030
Fig. 35 France market estimates and forecasts, 2018 - 2030
Fig. 36 Italy market estimates and forecasts, 2018 - 2030
Fig. 37 Spain market estimates and forecasts, 2018 - 2030
Fig. 38 Asia Pacific market estimates and forecasts, 2018 - 2030
Fig. 39 Japan market estimates and forecasts, 2018 - 2030
Fig. 40 China market estimates and forecasts, 2018 - 2030
Fig. 41 India market estimates and forecasts, 2018 - 2030
Fig. 42 South Korea market estimates and forecasts, 2018 - 2030
Fig. 43 Central & South America market estimates and forecasts, 2018 - 2030
Fig. 44 Brazil market estimates and forecasts, 2018 - 2030
Fig. 45 Argentina market estimates and forecasts, 2018 - 2030
Fig. 46 Middle East and Africa market estimates and forecasts, 2018 - 2030
Fig. 47 Saudi Arabia market estimates and forecasts, 2018 - 2030

Companies Profiled

  • LX Hausys
  • Johnson Marble & Quartz
  • Technistone A.S.
  • Caesarstone Ltd.
  • Belenco
  • Quarella Group Ltd.
  • Quartzforms
  • Stone Italiana S.p.A.
  • Cosentino S.A.
  • VICOSTONE

Methodology

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Table Information

Report AttributeDetails
No. of Pages80
PublishedNovember 2023
Forecast Period2022 - 2030
Estimated Market Value ( USD ) in 2022 $ 23.42 Billion
Forecasted Market Value ( USD ) by 2030 $ 36.76 Billion
Compound Annual Growth Rate5.8%
Regions CoveredGlobal
No. of Companies Mentioned10

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