Countertop Trends and Forecast
The future of the global countertop market looks promising with opportunities in the residential and commercial markets. The global countertop market is expected to reach an estimated $183.9 billion by 2030 with a CAGR of 6.2% from 2024 to 2030. The major drivers for this market are increasing number of food-serving outlets, rising demand for large kitchens and multiple bathrooms, and growing number of hotel rooms across the world.Countertop by Segment
The study includes a forecast for the global countertop by material, application, end use, and region.Countertop Market by Material [Shipment Analysis by Value from 2018 to 2030]:
- Granite
- Solid Surface
- Engineered Quartz
- Laminate
- Marble
- Others
Countertop Market by Application [Shipment Analysis by Value from 2018 to 2030]:
- Kitchen
- Bathroom
- Others
Countertop Market by End Use [Shipment Analysis by Value from 2018 to 2030]:
- Residential
- Commercial
- Others
Countertop Market by Region [Shipment Analysis by Value from 2018 to 2030]:
- North America
- Europe
- Asia Pacific
- The Rest of the World
List of Countertop Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies countertop companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the countertop companies profiled in this report include:- Arborite
- Cambria
- ARISTECH SURFACES
- Wilsonart
- Caesarstone
- Formica
- Cosentino
- M S International
- Daltile
- ROSSKOPF + PARTNER
Countertop Market Insights
The report forecasts that kitchen will remain the larger segment over the forecast period due to increase in the average percentage of housing space in newly constructed homes devoted to kitchens.Within this market, residential will remain the larger segment due to growing preference in developed countries for bigger kitchens and more bathrooms in single-family homes.
APAC will remain the largest region over the forecast period due to improved living standards and continuous initiatives to modernize residential and commercial buildings in the region.
Features of the Global Countertop Market
- Market Size Estimates: Countertop market size estimation in terms of value ($B).- Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
- Segmentation Analysis: Countertop market size by material, application, end use, and region in terms of value ($B).
- Regional Analysis: Countertop market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
- Growth Opportunities: Analysis of growth opportunities in different material, application, end use, and regions for the countertop market.
- Strategic Analysis: This includes M&A, new product development, and competitive landscape of the countertop market.
- Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the countertop market size?Answer: The global countertop market is expected to reach an estimated $183.9 billion by 2030.
Q2. What is the growth forecast for countertop market?
Answer: The global countertop market is expected to grow with a CAGR of 6.2% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the countertop market?
Answer: The major drivers for this market are increasing number of food-serving outlets, rising demand for large kitchens and multiple bathrooms, and growing number of hotel rooms across the world.
Q4. What are the major segments for countertop market?
Answer: The future of the global countertop market looks promising with opportunities in the residential and commercial markets.
Q5. Who are the key countertop market companies?
Answer: Some of the key countertop companies are as follows:
- Arborite
- Cambria
- ARISTECH SURFACES
- Wilsonart
- Caesarstone
- Formica
- Cosentino
- M S International
- Daltile
- ROSSKOPF + PARTNER
Answer: The report forecasts that kitchen will remain the larger segment over the forecast period due to increase in the average percentage of housing space in newly constructed homes devoted to kitchens.
Q7. In countertop market, which region is expected to be the largest in next 5 years?
Answer: APAC will remain the largest region over the forecast period due to improved living standards and continuous initiatives to modernize residential and commercial buildings in the region.
Q.8 Do we receive customization in this report?
Answer: Yes, the publisherl provides 10% customization without any additional cost.
This report answers the following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the countertop market by material (granite, solid surface, engineered quartz, laminate, marble, and others), application (kitchen, bathroom, and others), end use (residential, commercial, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
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Table of Contents
1. Executive Summary
2. Global Countertop Market : Market Dynamics
3. Market Trends and Forecast Analysis from 2018 to 2030
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
5. Competitor Analysis
6. Growth Opportunities and Strategic Analysis
7. Company Profiles of Leading Players
Companies Mentioned
- Arborite
- Cambria
- ARISTECH SURFACES
- Wilsonart
- Caesarstone
- Formica
- Cosentino
- M S International
- Daltile
- ROSSKOPF + PARTNER
Methodology
The analyst has been in the business of market research and management consulting since 2000 and has published over 600 market intelligence reports in various markets/applications and served over 1,000 clients worldwide. Each study is a culmination of four months of full-time effort performed by the analyst team. The analysts used the following sources for the creation and completion of this valuable report:
- In-depth interviews of the major players in the market
- Detailed secondary research from competitors’ financial statements and published data
- Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
- A compilation of the experiences, judgments, and insights of professionals, who have analyzed and tracked the market over the years.
Extensive research and interviews are conducted in the supply chain of the market to estimate market share, market size, trends, drivers, challenges and forecasts.
Thus, the analyst compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. The analyst then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process.
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