CHICAGO, Sept. 13, 2023 /PRNewswire/ — According to Arizton’s latest research report, the countertop market will grow at a CAGR of 4.56% during 2022-2028.
To Know More, Download the Free Sample Report: https://www.arizton.com/request-sample/3947
Browse In-Depth TOC on the Countertop Market
44 – Tables 66 – Charts 215 – Pages
The growing use of countertops in various applications, including modular kitchens and stylish bathroom shelves for luxury settings, highlights their increasing importance in both residential and commercial sectors. Leading countertop manufacturers are responding to the rising demand for engineered and natural stone materials in new construction projects by expanding their product offerings. Globally, construction companies are investing in renovating aging buildings, driving up the demand for natural stone countertops.
Given the promising revenue potential in the countertop market, many vendors are looking to enter the market, which is expected to become highly competitive. Chinese manufacturers are likely to expand their presence in Europe and North America, potentially leading to price wars among vendors. Research and development investments are expected to result in high-quality products with safe chemical formulations, offering improvements in terms of ease of use, portability, design, chemical composition, and effectiveness. Socioeconomic conditions will play a crucial role in determining the success or failure of these products. Currently, companies are directing their resources towards untapped emerging markets.
Countertop Market Report Scope
Report Scope
Details
Market Size (2028)
USD 163.37 Billion
Market Size (2022)
USD 125 Billion
CAGR (2022-2028)
4.56 %
Base Year
2022
Forecast Year
2023-2028
Market Segmentation
Material Type, Application, End-User, and Geography
Geographic Analysis
North America, Europe, APAC, Latin America, and Middle East & Africa
Market Dynamics
Increasing Disposable Income Rising Residential Construction Increasing Research & Development
Customization Available: https://www.arizton.com/customize-report/3947
Granite Material Market Revenue Set to Surge in Popularity in the Coming Years, Quartz Material Poised for Rapid Growth
The escalating demand for granite countertops can be attributed to its inherent robustness, abrasion resistance, and exceptional durability against weathering. Granite has long been employed as an exterior cladding and paving material, and it is anticipated to continue being a preferred option for contemporary architects. This trend is poised to expedite the growth of this segment throughout the projected period. Meanwhile, the engineered quartz segment is projected to sustain a steady Compound Annual Growth Rate (CAGR) in the upcoming years. Natural stone sourced from quarries is transformed into stunning granite countertops through a process of slicing, polishing, and careful fabrication. These countertops are renowned for their timeless beauty, enhancing the overall look of premium kitchens and often serving as a central feature. With a wide range of granite shades to choose from, they effortlessly complement kitchen elements like cabinetry, flooring, and walls, creating a harmonious design aesthetic.The market for quartz countertops is thriving, as it’s a perfect blend of natural elements and modern manufacturing methods. This combination results in surfaces that frequently outshine even granite and marble in terms of aesthetics, all while offering superior durability. These countertops are primarily crafted from quartz, a naturally occurring mineral. However, unlike pure natural stone options like marble, granite, or soapstone, quartz countertops are engineered products. They incorporate natural quartz but enhance their composition with resins, colors, and other elements to boost both strength and visual appeal, driving significant growth in the market.
Competitive Overview
In the global countertop market, fierce competition among numerous vendors is a defining characteristic. These vendors are engaged in a race to prominence, driven by rapid technological advancements that have raised consumer expectations for continuous innovation and product improvements. In response to this dynamic landscape, market participants are undertaking strategic efforts to reshape and strengthen their distinct value propositions, to secure a solid position within the market. Vendors of the countertop market have significantly focused on technological innovation and development. Apart from that, many vendors offer wooden countertops with complete customization. Vendors who offer services, such as customization, finance, and others are expected to gain a competitive advantage in the market.
Buy the Report Now: https://www.arizton.com/market-reports/countertop-market
Post-Purchase Benefit
1hr of free analyst discussion10% of customizationKey Company Profiles
Wilsonart LLCCambriaAristech SurfacesCaesarstoneBoardveiwCosentino SAMS International Inc.DaltileRosskopf + Partner AGMasco CorporationPokarna Ltd.DuPont (Corian)DirescoLG HausysHanStone QuartzFormicaMarket Segmentation
Material Type
GraniteSolid SurfaceQuartzMarbleOther MaterialsApplication
KitchenBathroomOther ApplicationEnd-User
ResidentialCommercialOthersGeography
North AmericaThe USCanadaEuropeGermanyThe UKFranceItalySpainAPACChinaJapanIndiaAustraliaSouth KoreaLatin AmericaBrazilMexicoArgentinaMiddle East & AfricaSaudi ArabiaThe UAESouth AfricaKey Questions Answered in the Report:
How big is the countertop market?What is the growth rate of the global countertop market?What are the growing trends in the countertop market?Which region holds the most significant global countertop market share?What is the projected growth trend for the engineered quartz segment?Who are the key players in the global countertop market?Check Out Some of the Top Selling Research Reports:
U.S. Smart Bathroom Market – Industry Outlook & Forecast 2022-2027
Automatic Soap Dispenser Market – Global Outlook & Forecast 2023-2028
Automatic Garage Door Operator Market – Global Outlook & Forecast 2023-2028
Doors and Windows Market in North America – Industry Outlook & Forecast 2023-2028
Get the Detailed TOC @ https://www.arizton.com/market-reports/countertop-market?details=tableOfContents
Why Arizton?
100% Customer Satisfaction24x7 availability – we are always there when you need us200+ Fortune 500 Companies trust Arizton’s report80% of our reports are exclusive and first in the industry100% more data and analysis1500+ reports published till dateAbout Us:
Arizton Advisory and Intelligence is an innovative and quality-driven firm that offers cutting-edge research solutions to clients worldwide. We excel in providing comprehensive market intelligence reports and advisory and consulting services.
We offer comprehensive market research reports on consumer goods & retail technology, automotive and mobility, smart tech, healthcare, life sciences, industrial machinery, chemicals, materials, I.T. and media, logistics, and packaging. These reports contain detailed industry analysis, market size, share, growth drivers, and trend forecasts.
Arizton comprises a team of exuberant and well-experienced analysts who have mastered generating incisive reports. Our specialist analysts possess exemplary skills in market research. We train our team in advanced research practices, techniques, and ethics to outperform in fabricating impregnable research reports.
Contact Us:
Call: +1-312-235-2040 +1 302 469 0707 Mail: enquiry@arizton.com Contact Us: https://www.arizton.com/contact-us Blog: https://www.arizton.com/blog Website: https://www.arizton.com/
Photo: https://mma.prnewswire.com/media/2209690/Countertop_Market_Arizton.jpgLogo: https://mma.prnewswire.com/media/818553/Arizton_Logo.jpg
View original content:https://www.prnewswire.co.uk/news-releases/countertop-market-projected-to-reach-163-37-billion-by-2028–engineered-quartz-segment-is-poised-for-rapid-growth-in-the-upcoming-years–arizton-301926426.html
CHICAGO, Sept. 13, 2023 /PRNewswire/ — According to Arizton’s latest research report, the countertop market will grow at a CAGR of 4.56% during 2022-2028.
To Know More, Download the Free Sample Report: https://www.arizton.com/request-sample/3947
Browse In-Depth TOC on the Countertop Market
44 – Tables
66 – Charts
215 – Pages
The growing use of countertops in various applications, including modular kitchens and stylish bathroom shelves for luxury settings, highlights their increasing importance in both residential and commercial sectors. Leading countertop manufacturers are responding to the rising demand for engineered and natural stone materials in new construction projects by expanding their product offerings. Globally, construction companies are investing in renovating aging buildings, driving up the demand for natural stone countertops.
Given the promising revenue potential in the countertop market, many vendors are looking to enter the market, which is expected to become highly competitive. Chinese manufacturers are likely to expand their presence in Europe and North America, potentially leading to price wars among vendors. Research and development investments are expected to result in high-quality products with safe chemical formulations, offering improvements in terms of ease of use, portability, design, chemical composition, and effectiveness. Socioeconomic conditions will play a crucial role in determining the success or failure of these products. Currently, companies are directing their resources towards untapped emerging markets.
Countertop Market Report Scope
Report Scope
Details
Market Size (2028)
USD 163.37 Billion
Market Size (2022)
USD 125 Billion
CAGR (2022-2028)
4.56 %
Base Year
2022
Forecast Year
2023-2028
Market Segmentation
Material Type, Application, End-User, and Geography
Geographic Analysis
North America, Europe, APAC, Latin America, and Middle East & Africa
Market Dynamics
Increasing Disposable Income Rising Residential Construction Increasing Research & Development
Customization Available: https://www.arizton.com/customize-report/3947
Granite Material Market Revenue Set to Surge in Popularity in the Coming Years, Quartz Material Poised for Rapid Growth
The escalating demand for granite countertops can be attributed to its inherent robustness, abrasion resistance, and exceptional durability against weathering. Granite has long been employed as an exterior cladding and paving material, and it is anticipated to continue being a preferred option for contemporary architects. This trend is poised to expedite the growth of this segment throughout the projected period. Meanwhile, the engineered quartz segment is projected to sustain a steady Compound Annual Growth Rate (CAGR) in the upcoming years. Natural stone sourced from quarries is transformed into stunning granite countertops through a process of slicing, polishing, and careful fabrication. These countertops are renowned for their timeless beauty, enhancing the overall look of premium kitchens and often serving as a central feature. With a wide range of granite shades to choose from, they effortlessly complement kitchen elements like cabinetry, flooring, and walls, creating a harmonious design aesthetic.
The market for quartz countertops is thriving, as it’s a perfect blend of natural elements and modern manufacturing methods. This combination results in surfaces that frequently outshine even granite and marble in terms of aesthetics, all while offering superior durability. These countertops are primarily crafted from quartz, a naturally occurring mineral. However, unlike pure natural stone options like marble, granite, or soapstone, quartz countertops are engineered products. They incorporate natural quartz but enhance their composition with resins, colors, and other elements to boost both strength and visual appeal, driving significant growth in the market.
Competitive Overview
In the global countertop market, fierce competition among numerous vendors is a defining characteristic. These vendors are engaged in a race to prominence, driven by rapid technological advancements that have raised consumer expectations for continuous innovation and product improvements. In response to this dynamic landscape, market participants are undertaking strategic efforts to reshape and strengthen their distinct value propositions, to secure a solid position within the market. Vendors of the countertop market have significantly focused on technological innovation and development. Apart from that, many vendors offer wooden countertops with complete customization. Vendors who offer services, such as customization, finance, and others are expected to gain a competitive advantage in the market.
Buy the Report Now: https://www.arizton.com/market-reports/countertop-market
Post-Purchase Benefit
1hr of free analyst discussion10% of customization
Key Company Profiles
Wilsonart LLCCambriaAristech SurfacesCaesarstoneBoardveiwCosentino SAMS International Inc.DaltileRosskopf + Partner AGMasco CorporationPokarna Ltd.DuPont (Corian)DirescoLG HausysHanStone QuartzFormica
Market Segmentation
Material Type
GraniteSolid SurfaceQuartzMarbleOther Materials
Application
KitchenBathroomOther Application
End-User
ResidentialCommercialOthers
Geography
North AmericaThe USCanadaEuropeGermanyThe UKFranceItalySpainAPACChinaJapanIndiaAustraliaSouth KoreaLatin AmericaBrazilMexicoArgentinaMiddle East & AfricaSaudi ArabiaThe UAESouth Africa
Key Questions Answered in the Report:
How big is the countertop market?What is the growth rate of the global countertop market?What are the growing trends in the countertop market?Which region holds the most significant global countertop market share?What is the projected growth trend for the engineered quartz segment?Who are the key players in the global countertop market?
Check Out Some of the Top Selling Research Reports:
U.S. Smart Bathroom Market – Industry Outlook & Forecast 2022-2027
Automatic Soap Dispenser Market – Global Outlook & Forecast 2023-2028
Automatic Garage Door Operator Market – Global Outlook & Forecast 2023-2028
Doors and Windows Market in North America – Industry Outlook & Forecast 2023-2028
Get the Detailed TOC @ https://www.arizton.com/market-reports/countertop-market?details=tableOfContents
Why Arizton?
100% Customer Satisfaction24x7 availability – we are always there when you need us200+ Fortune 500 Companies trust Arizton’s report80% of our reports are exclusive and first in the industry100% more data and analysis1500+ reports published till date
About Us:
Arizton Advisory and Intelligence is an innovative and quality-driven firm that offers cutting-edge research solutions to clients worldwide. We excel in providing comprehensive market intelligence reports and advisory and consulting services.
We offer comprehensive market research reports on consumer goods & retail technology, automotive and mobility, smart tech, healthcare, life sciences, industrial machinery, chemicals, materials, I.T. and media, logistics, and packaging. These reports contain detailed industry analysis, market size, share, growth drivers, and trend forecasts.
Arizton comprises a team of exuberant and well-experienced analysts who have mastered generating incisive reports. Our specialist analysts possess exemplary skills in market research. We train our team in advanced research practices, techniques, and ethics to outperform in fabricating impregnable research reports.
Contact Us:
Call: +1-312-235-2040
+1 302 469 0707
Mail: enquiry@arizton.com
Contact Us: https://www.arizton.com/contact-us
Blog: https://www.arizton.com/blog
Website: https://www.arizton.com/
Photo: https://mma.prnewswire.com/media/2209690/Countertop_Market_Arizton.jpg
Logo: https://mma.prnewswire.com/media/818553/Arizton_Logo.jpg
