Kitchen Countertop Market to Grow at 4.9% CAGR to 2025 Led by Caeserstone, Agro Granite, Asian Granito, Cambria, Cosentino, Florim Ceramiche, Laminam, LG Hausys, Thesize Surfaces (Neolith), Pokarna

December 06 17:22 2018

Kitchen Countertop Market
The Global Kitchen Countertop Market to grow at a CAGR of 4.9% to reach $135.47 Billion by 2025 from $92.93 Billion in 2017 driven by the increase in commercial and residential constructions, and rising demand for quartz based kitchen countertop.

This report focuses on the Kitchen Countertop Market Size, Revenue, Share, status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Kitchen Countertop development in North Americas, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America (SA).

Global kitchen countertop market is expected to grow from US$ 92.93 Bn in 2017 to US$ 135.47 Bn by 2025 at a CAGR of 4.9% between 2018 and 2025.

Kitchen Countertop Market to 2025 – Global Analysis and Forecasts by Type (Granite, Solid Surface, Quartz, Marble, Laminates, and Ceramic Slab); Application (Commercial and Residential); and Geography – Global Analysis and Forecast.

The leading companies functioning in the field of kitchen countertop Quarella, Cosentino S.A., Caeserstone Ltd., Laminam SpA, Pokarna Limited, Vicostone, Cambria Co., Aro Granite Industries Ltd., Asian Granito India Ltd., LG Hausys, Ltd., Neolith, Sapienstone, Florim Stone, Tile & Stone Works, and Strasser Stein among others. Various other companies are also operating in the market and are coming up with new designs and offerings which is enabling the market for the kitchen countertop to expand over the years in terms of revenue.

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The construction sector is escalating at a sturdy growth rate in the developed regions across the globe. While on the other hand, in the developing regions, the industry is experiencing a substantial growth rate. Investments in infrastructure construction industry is continuously growing across the globe. The major focus of investments is on the residential sectors as the global population is constantly increasing at an exponential rates, which is demanding more residential spaces. The number of new residential buildings and individual houses rose rapidly over the years in the developed as well as developing nations worldwide. The US infrastructure industry is set to continue relatively fair growth rate during the forecast period which is heavily supported by residential constructions. Similarly, Canada’s New Canada Building Plan is supporting the construction industry in the country and the same is expected to drive the industry in the coming years.

The growing investments and initiatives in the residential and commercial construction in North American countries is influencing the kitchen countertop manufacturers to increase their production. This factor is boasting the market for kitchen countertop in the North America region. Construction in European countries is also increasing slowly, demanding improved building materials. Additionally, the European population are increasingly inclining towards the aesthetics of interiors including the kitchen which covers the countertop space.

European countries namely; Spain, Italy, and Turkey are experiencing demand for increased number of residential sectors as well as commercial spaces, thereby, catalyzing the demand for kitchen countertop. The increased demand from the builders and interior decorators in these countries is propelling the production lines of kitchen countertop year on year, thereby, substantially driving the kitchen countertop market in the European region.

The global kitchen countertop market is categorized on basis of different types of countertops for kitchen and their application areas. The several of types of kitchen countertops considered in this research are granite, solid surface, quartz, marble, laminates, ceramic slabs and others. The others segment consists of concrete, stainless steel and wood. Granite holds the maximum share of kitchen countertop market since several years and the same is expected to hold in the coming couple of years. However, the quartz segment is estimated to be the fastest growing segment in the kitchen countertop market during the forecast period from 2018 – 2025.

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In terms of application areas of kitchen countertop, the market is bifurcated into commercial areas and residential areas. The commercial sector includes hotels, restaurant, and hospitals. The growth of commercial infrastructure across the globe is pacing up rapidly, which is enabling the market players in kitchen countertop market to sell their commercial kitchen countertops easily at a competitive price. On the other hand, residential sector in kitchen countertop market dominate the market heavily worldwide. This is attributed to the exponential upsurge in residential construction and renovation in the developed as well as developing regions across the globe. The geographic segmentation in the report consists of five strategic regions namely; North America, Europe, Asia Pacific, Middle East and Africa, and South America.

 

 

The report segments the global kitchen countertop market as follows:

Global Kitchen Countertop Market – By Type

  • Granite
  • Solid Surface
  • Quartz
  • Marble
  • Laminate
  • Ceramic Slab
  • Others

 

Global Kitchen Countertop Market – By Application

  • Commercial
  • Residential

 

Global Kitchen Countertop Market – By Geography

  • North America
    • U.S.
    • Canada
    • Mexico
     
  • Europe
    • France
    • Germany
    • Italy
    • Spain
    • U.K.
    • Turkey
    • Rest of Europe
     
  • Asia Pacific (APAC)
    • Australia
    • China
    • India
    • Japan
    • Indonesia
    • Rest of APAC
     
  • Middle East and Africa (MEA)
    • Saudi Arabia
    • South Africa
    • UAE
    • Rest of MEA
     
  • South America (SAM)
    • Brazil
    • Rest of SAM
     

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  1. Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global Kitchen Countertop market
  2. Highlights key business priorities in order to assist companies to realign their business strategies
  3. The key findings and recommendations highlight crucial progressive industry trends in the Kitchen Countertop market, thereby allowing players across the value chain to develop effective long term strategies
  4. Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
  5. Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it
  6. Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution
  7. Examine the political, economic, social and technology impact of the five regions namely: North America, Europe, Asia Pacific, Middle East & Africa and South America.

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