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(Construction.IndustryNews247.Com, April 22, 2019 ) 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.
The kitchen countertop available in the global market has grown considerably over the years. The manufacturers of kitchen countertop across the globe have witnessed consistently growing demand for the same, especially granite, marble, and stainless steel based kitchen countertops among others.
The report focuses on an in-depth segmentation of kitchen countertop market based on type and application. Geographical segmentation of the study covers five strategic regions comprising of North Americas, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America (SAM). The regional market has been further branched by respective countries. By type segment, granite accounted for maximum share in the kitchen countertop market in 2017 and whereas quartz-based countertop is anticipated to surge at the prime growth rate during the forecast period.
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Top Leading Key Players are:-
1. Caeserstone Ltd.
2. Aro Granite Industries Ltd.
3. Asian Granito India Ltd.
4. Cambria Co.
5. Cosentino S.A.
6. Florim Ceramiche S.p.A
7. Laminam S.p.A
8. LG Hausys, Ltd.
9. Thesize Surface (Neolith)
10. Pokarna Limtied
The study intends to deliver an overview of global kitchen countertop market with detailed market segmentation. Also, it evaluates the present market state of kitchen countertop market and forecasts the market till 2025. The report covers market dynamics affecting the kitchen countertop market during the forecast period. Furthermore, the report analyzes the competitive scenario, geographic trends, and opportunities in the kitchen countertop market with respect to all geographic regions. The report also includes the detailed company profiles of the key players in the kitchen countertop market along with their market strategies. The report also provides value chain along with the SWOT analysis for all company profiled in the report.
Asia Pacific is the dominant region worldwide in terms of kitchen countertop consumption. The region is continuing to dominate the market year on year and the same trend is foreseen to help the region to lead the market in the coming years. This is due to significantly large consumption of kitchen countertop in China and Singapore among others for years, and recently the production volume in India and Indonesia has expanded significantly. Apart from the rising population in China, India, and Singapore, these countries have become the business hub in Asia Pacific and attributing to this fact, several international hotel chains are establishing their business units in these countries, thereby propelling the infrastructure sector.
Another factor bolstering kitchen countertop market in Asia Pacific region is the availability of raw materials such as granite, marble, and quartz among others in large quantity. The easy availability is one of the prime advantages for the manufacturers operating in kitchen countertop market in the Asia Pacific to increase their production lines year on year. Increasing mining of natural stones coupled with the soaring demand facilitates the manufacturers to meet the demand easily. This factor is a catalyzer for kitchen countertop market in Asia Pacific.
Reason to Buy:-
- Highlights key business priorities in order to assist companies to realign their business strategies.
- The key findings and recommendations highlight crucial progressive industry trends in the kitchen countertop market, thereby allowing players to develop effective long term strategies.
- Develop/modify business expansion plans by using substantial growth offering in developed and emerging markets.
- Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to segmentations like type and application.
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