Countertops Market is Targeting Huge Growth of 104.39 Billion During Forecast Period 2028 at CAGR of 2.2%: Overview, Top Companies, Region, Application

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The research report includes an overview, industry players as well as regions and application areas. The global countertops market is growing significantly in many ways due to the increasing demand. Top players in the industry are Aro Granite Industries Ltd., Asian Granito India Limited, STRASSER Steine ​​​​GmbH, Wilsonart LLC., ARISTECH SURFACES LLC

Dallas, Texas, Oct. 12, 2022 (GLOBE NEWSWIRE) — The global countertop market is growing rapidly due to the increasing demand for worktops for use in offices, restrooms, retail stores, laboratories and kitchens. In addition, the market is driven by the easy accessibility of various types of prefabricated countertops, including built-in appliances for relevant applications.

The global Countertops market was valued at US$89.10 billion in 2021 and is expected to grow at a CAGR of 2.2% to reach US$104.39 billion during the 2028 forecast period.

The top brands operating worldwide are listed below:

Due to its excellent ability to handle liquids such as water, wine, oil and chemicals, it is very popular in business environments such as hotels, restaurants and laboratories. In addition, the demand for such residential worktops is extremely high due to the increasing urbanization in countries such as Japan, India and China. But they can also be made of granite. However, the radiation they release has a negative effect on human health. As a result, the growth of countertops market may be hampered in the future. The main driver behind the expansion of the countertop market is the increase in sophisticated technologies.

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Key segmentation of the countertops market

Segmentation by type

  • laminates

  • artificial stone

  • natural stone

  • other materials

Segmentation by application

Regional Analysis

  • North America (United States, Canada and Mexico)

  • Europe (Germany, France, UK, Russia, Italy and Rest of Europe)

  • Asia Pacific (China, Japan, Korea, India, Southeast Asia and Australia)

  • South America (Brazil, Argentina, Colombia and Rest of South America)

  • Middle East & Africa (Saudi Arabia, United Arab Emirates, Egypt, South Africa and Rest of Middle East and Africa)

The growth in the countertop market is also expected to contribute to increased disposable income, rising home construction rates and preferences for home improvement and the availability of bank financing. However, the countertop market is constrained by high labor and raw material costs, and market expansion is hampered by discrepancies between designers and engineers.

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Low interest rates, rising disposable income and rising employment rates, particularly in developed countries, are expected to increase demand for housing projects. Sales of countertop materials are expected to increase steadily during the assessment period due to increasing private spending on residential and home remodeling. In addition, the market is expanding rapidly due to the steady growth of the global home construction industry and increasing private spending on renovations. Countertops are typically added in newly built homes and during kitchen renovations.

The natural stone segment dominates the worktop market. As a result of increased natural stone imports from both developed and developing countries including China, India, Egypt and Thailand. Historically, natural stones have been used in household applications such as kitchen cabinets. In addition, both public and commercial companies produce these stones.

Table of Contents

1 Introduction

1. Market Definition and Scope

2. Units, Currency, Conversions and Years Considered

3. Main Actors

4. Important questions answered

2. Research methodology

1. Data Collection Sources

2. Estimation of market size

3. Market Forecast

4. Data triangulation

5. Assumptions and Limitations

3. Market Outlook

1. Market Dynamics

2. Driver

3. Restrictions

4. Opportunities

5. Challenges

6. Porter’s Five Forces Analysis

7. PEST Analysis

4. Competitive Landscape

1. Company ranking

2. Market share analysis

3. Strategic Initiatives

4. Mergers and Acquisitions

5. New product launch

6. Miscellaneous

5. Appendix

1. Primary research approach

2. Primary Interviewees

3. Summary of the main interview

4. Questionnaire

5. Related reports

6. Released

7. Coming soon

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The countertop market is dominated by the Asia Pacific region. Due to their rapid urbanization and commercialization, emerging markets such as India, China and Japan are expected to deliver the largest market share. The demand for engineered quartz countertops in both commercial and residential sectors is highest in China. This would fuel the growth of local furniture construction.

To increase the number of multifamily homes in its portfolio, Grover Corlew, a US-headquartered real estate company, announced in January 2022 that it would create a new brand called Mayla Residences. Likewise, the company received $78.3 million in financing from PNC Bank, and construction of the first home would begin in February 2022. Each home will feature amenities like built-in microwaves, marble countertops, glass cooktops, spa-inspired bathrooms, backlit vanity mirrors, and more.

About us:

Adroit Market Research is a business analytics and consulting firm founded in 2018 and based in India. Our target audience is a broad spectrum of companies, manufacturing companies, product/technology development institutions and industry associations that need an understanding of the size of a market, key trends and the participants and future prospects of an industry. We intend to become our clients’ knowledge partner, providing them with valuable market insights to help them create opportunities that increase their revenue. We follow a code – discover, learn and transform. At our core, we are curious people who love to spot and understand industry patterns, create an insightful study of our insights, and non-stop money-making roadmaps.

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