MarketStudyReport.com Adds New Report Kitchen Countertop Market 2025 research report providing information and data by Type, Application, Regional Outlook, Growth Potential, Competitive Market Share & Forecast spreading across 150 Pages with table and figures in it.
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The global commercial and residential construction sector is experiencing a significant transformation in terms of investments and consumer preference materials. The economically developed nations worldwide are capitalizing substantially with an aim to improve their commercial and residential infrastructures. On the other hand, the developing countries are also adopting newer trends and increasing their investments. The consumer preference in the developing countries is also shifting towards advanced materials which is boosting the manufacturers operating in kitchen countertop to increase their production line, thereby catalyzing the kitchen countertop market revenue over the years.
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The kitchen countertop market on the global scenario has grown considerably over the decades. The manufacturers of kitchen countertop across the globe have witnessed consistently growing demand for the same, especially granite based kitchen countertop, marble kitchen countertop, and stainless steel among others. The market for the different types of kitchen countertop is still continuing to observe increased demand with regards to the rapid innovations and product enhancements being carried out by the industry players. The kitchen countertop market comprises several tier1, tier2, as well as tier3 companies, which invest significant amounts to deliver the most enhanced and best quality kitchen countertop to their customers. The governmental initiatives and private organizations push towards the development of residential and commercial infrastructure in the developed countries as well as the developing economies across the globe have influenced the kitchen countertop market over the years, and the same is continually fueling the kitchen countertop market in the current scenario.
The global kitchen countertop market is anticipated to account for US$ 135.47 Bn by the end of 2025, escalating from US$ 92.93 Bn in 2017, at a growth rate of 4.9% during the forecast period from 2018 – 2025.
The major driving factor influencing the kitchen countertop market to surge over the last five years are the increasing procurement of quartz-based countertop materials for kitchen and rising residential & commercial infrastructure in the developed as well as developing countries across the globe.
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The most prominent players operating in the market of kitchen countertop across the globe include 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 operating in the market which contributes substantial revenues in the market year on year. Several tier 1, and tier 3 companies are also functioning in the market and are introducing with new designs and offerings which is facilitating the kitchen countertop market to escalate over the years in terms of revenue.
The kitchen countertop market has witnessed various makeovers over the years. This has led several manufacturers to innovated and develop robust and attractive products to meet the demands. For instance, over the past few years, the kitchen countertop market players were overpressurized with the demand for granite kitchen countertop owing to the low cost of the materials, and availability of different colors. However, the material has several disadvantages such as less eco-friendly, high maintenance and less durable. These disadvantages of granite have compelled the end users to shift towards advanced and engineered material Quartz. The advanced material overcomes the disadvantages of granite, and thus Quartz is increasingly gaining prominence. Quartz offers the homeowners and commercial kitchen owners to customize the design as the selection procedure of Quartz material is much easier as compared to granite. Since Quartz is an engineered material, the countertop is much more environmental friendly and thus, consumers worldwide are increasingly purchasing quartz countertop as compared to granite kitchen countertop in the present market scenario.
Table of content:
1. INTRODUCTION 15
1.1 SCOPE OF THE STUDY 15
1.2 THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE 15
2. KEY TAKEAWAYS 16
3. KITCHEN COUNTERTOP MARKET LANDSCAPE 19
3.1 MARKET OVERVIEW 19
3.2 MARKET SEGMENTATION 20
3.2.1 Global Kitchen Countertop Market – By Type 21
3.2.2 Global Kitchen Countertop Market – By Application 22
3.2.3 Global Kitchen Countertop Market – By Geography 22
3.3 PEST ANALYSIS 23
3.3.1 North America – PEST Analysis 23
3.3.2 Europe – PEST Analysis 25
3.3.3 Asia Pacific – PEST Analysis 27
3.3.4 Middle East and Africa – PEST Analysis 29
3.3.5 South America – PEST Analysis 31
4. KITCHEN COUNTERTOP MARKET – KEY INDUSTRY DYNAMICS 33
4.1 KEY MARKET DRIVERS 33
4.1.1 Rising Commercial and Residential Construction 33
4.1.2 Consumer Preference is Increasingly Shifting Towards Quartz based Kitchen Countertops 34
4.2 KEY MARKET RESTRAINTS 34
4.2.1 Gradual Fall in Adoption of Granite based Kitchen Countertop to Hamper Market 34
4.3 KEY MARKET OPPORTUNITIES 35
4.3.1 Increasing Investments in Residential & Commercial Sectors in Developing Countries to Stimulate the Demand 35
4.4 FUTURE TRENDS 35
4.4.1 Adoption of Ceramic Slabs as Kitchen Countertop to Accentuate the Demand 35
4.5 IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS 36
5. KITCHEN COUNTERTOP MARKET – GLOBAL ANALYSIS 37
5.1 GLOBAL KITCHEN COUNTERTOP MARKET OVERVIEW 37
5.2 GLOBAL KITCHEN COUNTERTOP MARKET FORECAST AND ANALYSIS (US$ BN) 39
More Details on this Report At: https://www.marketstudyreport.com/reports/kitchen-countertop-market-to-2025-global-analysis-and
Related Report:
Global Engineered Stone Countertops Market Professional Survey 2019 by Manufacturers, Regions, Countries, Types and Applications, Forecast to 2024
The Engineered Stone Countertops market was valued at XX Million US$ in 2018 and is projected to reach XX Million US$ by 2024, at a CAGR of XX% during the forecast period. In this study, 2018 has been considered as the base year and 2019 to 2024 as the forecast period to estimate the market size for Engineered Stone Countertops.
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