The research report on the global “Countertop Market presented by Fortune Business Insights™ helps readers understand the qualitative and quantitative aspects of the global Countertop Market by analyzing key opportunities, CAGR, annual growth rate. The competitive landscape, market drivers, technological advances, future roadmap, industry news analysis company overview, finance, recent developments, and long-term investments are mentioned in the report related to the Global Countertop Market
The global countertop market size stood at USD 89.18 billion in 2019 and is projected to reach USD 110.54 billion by 2027, exhibiting a CAGR of 2.8% during the forecast period
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The market report is provided for the international markets as well as development trends, competitive landscape analysis, and key regions development status. Development policies and plans are discussed as well as manufacturing processes and cost structures are also analyzed. This report additionally states import/export consumption, supply and demand Figures, cost, price, revenue, and gross margins. The Global Countertop Market 2022 research provides a basic overview of the industry including definitions, classifications, applications, and industry chain structure.
A few top players in the industry are–
- Vicostone (Hanoi, Vietnam)
- Aro Granite Industries Ltd. (New Delhi, India)
- POKARNA LIMITED (Secunderabad, India)
- (North Carolina, United States)
- DuPont de Nemours, Inc. (Delaware, United States)
- Masco Corporation (Michigan, United States)
- STRASSER Steine GmbH (St. Martin i.M., Austria )
- Wilsonart LLC. (Texas, United States)
- ARISTECH SURFACES LLC (Kentucky, United States)
- Cambria (Le Sueur, Minnesota)
- Cosentino S.A. (Almería, Spain)
This Report lets you identify the opportunities in Countertop Market by means of a region:
- North America (The United States, Canada, and Mexico)
- Europe (Germany, UK, France, Italy, Russia and Turkey, etc.)
- Asia-Pacific (China, Japan, Korea, India, Australia and Southeast Asia (Indonesia, Thailand, Philippines, Malaysia, and Vietnam))
- South America (Brazil etc.)
- The Middle East and Africa (North Africa and GCC Countries)
The objective of this Countertop Market report is to help the user understand the market in terms of its definition, segmentation, market potential, influential trends, and the challenges that the market is facing with 10 major regions and 50 major countries. Deep research and analysis were done during the preparation of the report. The readers will find this report very helpful in understanding the market in depth. The data and the information regarding the Countertop Market are taken from reliable sources such as websites, annual reports of the companies, journals, and others and were checked and validated by the industry experts. The facts and data are represented in the Countertop Market report using diagrams, graphs, pie charts, and other pictorial representations. This enhances the visual representation and also helps in understanding the facts much better.
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What are the Key Factors Covered in this Countertop Market Report?
- CAGR of the market during the forecast period 2021-2028
- Detailed information on factors that will drive market growth during the next five years
- Precise estimation of the Countertop Market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the market across North America, Europe, APAC, South America, and MEA
- A thorough analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of Countertop Market vendors
In conclusion, the market report presents the descriptive analysis of the parent market supported elite players, present, past, and artistic movement information which is in a position to function as a profitable guide for all the Countertop Market industry business competitors. Our expert research analyst’s team has been trained to supply in-depth marketing research reports from every individual sector which can be helpful to know the industry data within the most precise way.
Ceramic Segment to Grow Steadily Backed by Their Increasing Usage
In terms of material, the market is segregated into wood, ceramic, plastic laminate, solid surfaces, concrete, engineered stone, and natural stone. Out of these, the ceramic segment held 11.4% market share in 2019. This growth is attributable to the rising usage of ceramic countertops in washrooms, restaurants, and kitchens. Besides, the enhancement in the manufacturing process since the past few years has surged the demand for such products.
Asia Pacific to Dominate Owing to Rising Demand in India & China
Asia Pacific procured USD 29.67 billion in terms of revenue in 2019 and is anticipated to lead the market in the coming years. This is likely to occur because of the major contribution of Japan, India, and China. These countries are showcasing persistent commercialization and urbanization. China is considered to dominate on account of the high demand for engineered quartz work platforms for residential and commercial applications. The Federation of Indian Granite & Stone Industry (FIGSI) mentioned that India stands in the 4th position in terms of natural stone trade. It possesses 15% of natural stone reserve. However, the recent outbreak of the Covid-19 pandemic may obstruct the production process in the developing countries.
Porter’s five forces business model is used to measure competitor intensity, attractiveness, and market profitability. Primary and secondary research is done to get more profound knowledge of Primary market research through survey, can make a habit of people region inquiring. Secondary research can be done through magazines, books, market research reports, public availability, and access to information.
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