Countertops Global Market Report 2024

Description

“Countertops Global Market Report 2024 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on countertops market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
Understand how the market has been affected by the COVID-19 and how it is responding as the impact of the virus abates.
Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
Measure the impact of high global inflation on market growth.
Create regional and country strategies on the basis of local data and analysis.
Identify growth segments for investment.
Outperform competitors using forecast data and the drivers and trends shaping the market.
Understand customers based on the latest market shares.
Benchmark performance against key competitors.
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Report will be updated with the latest data and delivered to you within 3-5 working days of order along with an Excel data sheet for easy data extraction and analysis.
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Where is the largest and fastest growing market for countertops? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The countertops market global report ” from The Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

Scope

Markets Covered:

1) By Type: Natural Stone; Engineered Stone; Concrete; Solid Surfaces; Plastic Laminate; Wood
2) By Application: Kitchen; Bathroom; Other Applications
3) By End-User: Residential; Commercial; Industrial
Companies Mentioned: Strasser Steine GmbH; Wilsonart International Holdings LLC; Aro Granite Industries Limited; Masco Corporation; Grupo Cosentino S.A.
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery format: PDF, Word and Excel Data Dashboard.

Executive Summary

Countertops represent a hygienic, level surface within a culinary setting designated for food preparation and the placement of culinary tools and utensils.

Primary countertop materials encompass natural stone, engineered stone, concrete, solid surfaces, plastic laminate, and wood. Natural stone denotes a mineral-rich rock sourced from the earth, primarily employed in construction. Such stones, including granite and quartzite, are favored in kitchen countertop applications due to their robustness and visual appeal. These materials cater to a diverse clientele spanning residential, commercial, and industrial sectors.

The countertops market research report is one of a series of new reports from The Business Research Company that provides countertops market statistics, including the countertops industry global market size, regional shares, competitors with a countertops market share, detailed countertops market segments, market trends, and opportunities, and any further data you may need to thrive in the countertops industry. This countertops market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The countertops market size has grown steadily in recent years. It will grow from $93.94 billion in 2023 to $97.53 billion in 2024 at a compound annual growth rate (CAGR) of 3.8%. The expansion observed during the historical period can be ascribed to advancements in materials, shifts in aesthetic preferences, trends within the real estate market, and the prevalence of kitchen renovation activities.

The countertops market size is expected to see steady growth in the next few years. It will grow to $110.16 billion in 2028 at a compound annual growth rate (CAGR) of 3.1%. The anticipated growth in the forecast period can be linked to the rising demand for sustainable materials, evolving preferences for customization, the ongoing trend of urbanization and modern living, increasing concerns for health and hygiene, as well as the influence of premium and luxury trends in the market. Key trends expected during the forecast period encompass innovations in edge profiles, the utilization of recycled and upcycled materials, the incorporation of digital printing technology, a growing preference for low-maintenance materials, and the expansion of online sales channels in the industry.

Anticipated growth in the countertops market is driven by an increasing number of residential constructions. Residential construction involves the expansion, remodeling, or creation of residences or structures for residential use. Countertops play a vital role in these constructions, serving various functions such as food preparation, cooking, and storage. For example, data from August 2022, according to the U.S. Department of Housing and Urban Development and the U.S. Census Bureau, indicates a 3.5% increase in privately owned housing completions and a 1.1% increase in authorized housing units from 2021 to 2022. This upward trend in residential construction is expected to fuel the demand for countertops in the market.

The expansion of the countertop market is propelled by the increasing number of restaurants. Restaurants, establishments serving prepared food and beverages, rely on countertops for various kitchen activities. As more restaurants are established or undergo renovations, there is a heightened demand for durable and functional countertops. For instance, as of October 2023, the U.S. has over one million restaurants, employing 15.6 million people, with 101,811 chain restaurants in existence as of 2021. This surge in restaurant numbers contributes significantly to the growth of the countertop market.

A key trend influencing the countertops market is product innovation. Major companies are introducing a new range of countertops with modern applications and properties. For instance, in February 2021, SapienStone, an Italy-based manufacturer, launched ACTIVE SURFACES countertops. These countertops possess antibacterial, antiviral, anti-pollution, anti-odor, and self-cleaning properties. The incorporation of such innovative features addresses crucial aspects of sanitation in kitchens, enhancing human health protection. This trend emphasizes the continuous evolution of countertop offerings to meet contemporary demands.

Major companies in the countertops market are leveraging automation technology to gain a competitive edge. Automation involves the use of control systems and processes to perform tasks without human intervention. In June 2022, Hindware Limited, an India-based building products company, introduced Easy Clean countertop basin and shower enclosures. These products feature an innovative auto-clean function, ensuring hygiene and freshness by automatically cleansing the basin after each use. This incorporation of automation technology reflects a commitment to delivering enhanced hygiene solutions in countertop products.

In September 2023, Artisan Design Group (ADG), a U.S.-based interior finishes company, completed the acquisition of KB Kitchen & Bath Concepts Inc., a manufacturer of kitchen and bath cabinetry and countertops. This strategic move strengthens ADG's presence in the Carolinas, providing expanded coverage in the single-family market and enhancing its cabinet offerings in the region. The acquisition underscores ADG's commitment to growth and market expansion through strategic acquisitions.

Major companies operating in the countertops market report are Strasser Steine GmbH, Wilsonart International Holdings LLC, Aro Granite Industries Limited, Masco Corporation, Grupo Cosentino S.A., Century Plyboards & Industries Limited, Greenply Industries Limited, Georgia-Pacific LLC, Weyerhaeuser Corporation, Eksons Corporation Berhad, Jaya Tiasa Holdings Berhad, WTK Holdings Berhad, Linyi Junli Wood Products Co Ltd., Atlantis Marble and Granite Inc., Bergen Marble and Granite Inc., Cambria Company LLC, Lotte Advanced Materials Corp., E.I. du Pont de Nemours and Company, Pokarna Limited, Granite America Inc., Arborite Canada Inc., Aristech Surfaces LLC, Formica Corporation, Asian Granito India Limited, Vicostone Quartz Surfaces, Dal-Tile Corporation, ROSSKOPF + PARTNER AG, Caesarstone Ltd., Silestone Quartz Surfaces, Precision Countertops Inc., Silverstone Technology Co Ltd., StonePark USA LLC, Okite Quartz Surfaces, LG Hausys Viatera, M S International Inc., Hanwha L&C Corporation, Compac The Surface Company

North America was the largest region in the global countertops market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the countertops market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The countries covered in the countertops market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain

The countertops market consists of sales of marble countertops and stainless-steel countertops. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Product Code: r11655

1. Executive Summary

2. Countertops Market Characteristics

3. Countertops Market Trends And Strategies

4. Countertops Market - Macro Economic Scenario

4.1. Impact Of High Inflation On the Market
4.2. Ukraine-Russia War Impact On the Market
4.3. COVID-19 Impact On the Market

5. Global Countertops Market Size and Growth

5.1. Global Countertops Market Drivers and Restraints
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints Of The Market
5.2. Global Countertops Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)
5.3. Global Countertops Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

6. Countertops Market Segmentation

6.1. Global Countertops Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Natural Stone
Engineered Stone
Concrete
Solid Surfaces
Plastic Laminate
Wood
6.2. Global Countertops Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Kitchen
Bathroom
Other Applications
6.3. Global Countertops Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Residential
Commercial
Industrial

7. Countertops Market Regional And Country Analysis

7.1. Global Countertops Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Countertops Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8. Asia-Pacific Countertops Market

8.1. Asia-Pacific Countertops Market Overview
Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Countertops Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific Countertops Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.4. Asia-Pacific Countertops Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

9. China Countertops Market

9.1. China Countertops Market Overview
9.2. China Countertops Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China Countertops Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.4. China Countertops Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

10. India Countertops Market

10.1. India Countertops Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India Countertops Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.3. India Countertops Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11. Japan Countertops Market

11.1. Japan Countertops Market Overview
11.2. Japan Countertops Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan Countertops Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.4. Japan Countertops Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12. Australia Countertops Market

12.1. Australia Countertops Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia Countertops Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Australia Countertops Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13. Indonesia Countertops Market

13.1. Indonesia Countertops Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia Countertops Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Indonesia Countertops Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14. South Korea Countertops Market

14.1. South Korea Countertops Market Overview
14.2. South Korea Countertops Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea Countertops Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.4. South Korea Countertops Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15. Western Europe Countertops Market

15.1. Western Europe Countertops Market Overview
15.2. Western Europe Countertops Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe Countertops Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.4. Western Europe Countertops Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16. UK Countertops Market

16.1. UK Countertops Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK Countertops Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.3. UK Countertops Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17. Germany Countertops Market

17.1. Germany Countertops Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany Countertops Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.3. Germany Countertops Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18. France Countertops Market

18.1. France Countertops Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.2. France Countertops Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.3. France Countertops Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19. Italy Countertops Market

19.1. Italy Countertops Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.2. Italy Countertops Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.3. Italy Countertops Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20. Spain Countertops Market

20.1. Spain Countertops Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.2. Spain Countertops Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.3. Spain Countertops Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21. Eastern Europe Countertops Market

21.1. Eastern Europe Countertops Market Overview
21.2. Eastern Europe Countertops Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe Countertops Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.4. Eastern Europe Countertops Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22. Russia Countertops Market

22.1. Russia Countertops Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia Countertops Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.3. Russia Countertops Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23. North America Countertops Market

23.1. North America Countertops Market Overview
23.2. North America Countertops Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America Countertops Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.4. North America Countertops Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24. USA Countertops Market

24.1. USA Countertops Market Overview
24.2. USA Countertops Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA Countertops Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.4. USA Countertops Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25. Canada Countertops Market

25.1. Canada Countertops Market Overview
25.2. Canada Countertops Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada Countertops Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.4. Canada Countertops Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26. South America Countertops Market

26.1. South America Countertops Market Overview
26.2. South America Countertops Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America Countertops Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.4. South America Countertops Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27. Brazil Countertops Market

27.1. Brazil Countertops Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil Countertops Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. Brazil Countertops Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28. Middle East Countertops Market

28.1. Middle East Countertops Market Overview
28.2. Middle East Countertops Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East Countertops Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.4. Middle East Countertops Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29. Africa Countertops Market

29.1. Africa Countertops Market Overview
29.2. Africa Countertops Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa Countertops Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.4. Africa Countertops Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

30. Countertops Market Competitive Landscape And Company Profiles

30.1. Countertops Market Competitive Landscape
30.2. Countertops Market Company Profiles
- 30.2.1. Strasser Steine GmbH
  - 30.2.1.1. Overview
  - 30.2.1.2. Products and Services
  - 30.2.1.3. Strategy
  - 30.2.1.4. Financial Performance
- 30.2.2. Wilsonart International Holdings LLC
  - 30.2.2.1. Overview
  - 30.2.2.2. Products and Services
  - 30.2.2.3. Strategy
  - 30.2.2.4. Financial Performance
- 30.2.3. Aro Granite Industries Limited
  - 30.2.3.1. Overview
  - 30.2.3.2. Products and Services
  - 30.2.3.3. Strategy
  - 30.2.3.4. Financial Performance
- 30.2.4. Masco Corporation
  - 30.2.4.1. Overview
  - 30.2.4.2. Products and Services
  - 30.2.4.3. Strategy
  - 30.2.4.4. Financial Performance
- 30.2.5. Grupo Cosentino S.A.
  - 30.2.5.1. Overview
  - 30.2.5.2. Products and Services
  - 30.2.5.3. Strategy
  - 30.2.5.4. Financial Performance

31. Global Countertops Market Competitive Benchmarking

32. Global Countertops Market Competitive Dashboard

33. Key Mergers And Acquisitions In The Countertops Market

34. Countertops Market Future Outlook and Potential Analysis

34.1 Countertops Market In 2028 - Countries Offering Most New Opportunities
34.2 Countertops Market In 2028 - Segments Offering Most New Opportunities
34.3 Countertops Market In 2028 - Growth Strategies
- 34.3.1 Market Trend Based Strategies
- 34.3.2 Competitor Strategies

35. Appendix

35.1. Abbreviations
35.2. Currencies
35.3. Historic And Forecast Inflation Rates
35.4. Research Inquiries
35.5. The Business Research Company
35.6. Copyright And Disclaimer