Posted By Uma Rajagopal
Posted on February 4, 2022
The global countertop market is exhibiting a steady growth throughout the world due to a rise in the disposable incomes and a rise in the employment levels, especially in the key markets of North America and APEJ. Also, with a renewed impetus that is being witnessed in the construction industry, the global countertop market is also benefitting due to this trend as most of the new countertops are installed in the kitchens of new homes and in the renovation of the old homes as well.
To Get a Sample Copy of the Report visit @ https://www.futuremarketinsights.com/reports/sample/rep-gb-6347
Also, with the interest rates historically low in the key market of United States, and with the banks being generous in extending the line of credit to the consumers, there is a rising amount of money being spend on the construction and renovation of homes, thereby directly benefitting the global countertop market. In addition, the consumers are increasingly preferring granite stone as their choice of countertop, due to the fact that the prices of granite are dropping.
This is especially true for the markets in the United States, where there is a huge availability of granite stone in the mass markets due to a plethora of supply because of the rising low cost imports of granite during the last decade.
This factor, coupled with the fact that consumers are preferring granite due to its high aesthetic appeal, is making the granite stone most popular choice for the countertops.
The global countertop market is slated to reach a valuation of nearly US$ 142,000 Mn in the year 2026 and exhibit a moderate CAGR during the period of forecast.
4 Forecast Highlights on Global Countertop Market
- As per the forecast of Future Market Insights, the solid surfaces material type segment is slated to touch a value of nearly US$ 34,750 Mn in the year 2026. This represents a moderate CAGR growth during the assessment period of 2017-2026. The solid surfaces material type segment was estimated to account for nearly one-fourth of the revenue share of the material type category by the year 2017 and is expected to lose in market share by the year 2026 end.
- As per the assessment of Future Market Insights, the non-residential segment will reach a valuation of nearly US$ 101,060 Mn in the year 2026. This represents a robust CAGR growth during the period of assessment. The non-residential segment was estimated to account for more than two-thirds of the revenue share of the end use industries category in the year 2017 and is expected to gain market share by the end of the year 2026.A
- As per the estimates of Future Market Insights, the new construction segment is slated to reach a valuation of nearly US$ 94,850 Mn in 2026. The new construction segment is expected to gain market share by the end of the year 2026. The largest share is contributed by the APEJ region in the new construction segment.
- Future Market Insights forecasts the US countertop market to grow from US$ 16,928.6 Mn in 2017 to US$ 25,707.9 Mn in 2026. This represents a compound annual growth rate (CAGR) of 4.8% from 2017 to 2026.
Request Complete TOC Of this Report @ https://www.futuremarketinsights.com/toc/rep-gb-6347
Competition Landscape
The report has also profiled leading players in the global market for countertops, which will remain active through 2026. These include companies such as Cambria, E. I. du Pont de Nemours and Company, Caesarstone Ltd., Asian Granito India Ltd., Pokarna Ltd, AKG Group, Illinois Tool Works Inc., Aro Granite Industries Ltd., Cosentino Group, Vicostone and Silestone.
Market Taxonomy
Region
- North America
- Latin America
- Europe
- Japan
- APEJ
- MEA
Material Type
- Granite
- Solid Surfaces
- Laminates
- Engineered Quartz
- Marble
- Others
End Use Industries
- Residential
- Non-Residential
Construction Activity
- New Construction
- Renovation
Buy Now@ https://www.futuremarketinsights.com/checkout/6347
Explore wide-ranging Coverage of FMI’s Chemicals & Materials Market Insights Landscape
Sulphur Bentonite Market – Sulphur Bentonite Market By Application (Oilseeds, Cereals, Pulses, Crops, Fruits and Vegetables, Lawn, Turf, Trees) & Region – Forecast 2022 – 2029
3D Printing Materials Market – 3D Printing Materials Market By Material Type (Plastics, Metals, Ceramics), Form (Filament, Powder, Liquid) & Region – Forecast 2021 – 2031.
Boron Trifluoride & Complexes Market – Boron Trifluoride & Complexes Market By Type (BF3 (Gas), BF3 Tetrahydrofuran Complex, BF3 Methanol Complex, BF3 Diethyl Etherate Complex, BF3 acetonitrile Complex), Application (Catalyst, Boron Source, Chemical Intermediate) & Region – Forecast 2022 – 2029
About Future Market Insights (FMI)
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.
Contact:
Future Market Insights,
1602-6 Jumeirah Bay X2 Tower,
Plot No: JLT-PH2-X2A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
For Sales Enquiries: [email protected]
For Media Enquiries: [email protected]
Website: https://www.futuremarketinsights.com/
Report: https://www.futuremarketinsights.com/reports/countertop-market
Press Release Source: https://www.futuremarketinsights.com/press-release//countertop-market
The global countertop market is exhibiting a steady growth throughout the world due to a rise in the disposable incomes and a rise in the employment levels, especially in the key markets of North America and APEJ. Also, with a renewed impetus that is being witnessed in the construction industry, the global countertop market is also benefitting due to this trend as most of the new countertops are installed in the kitchens of new homes and in the renovation of the old homes as well.
To Get a Sample Copy of the Report visit @ https://www.futuremarketinsights.com/reports/sample/rep-gb-6347
Also, with the interest rates historically low in the key market of United States, and with the banks being generous in extending the line of credit to the consumers, there is a rising amount of money being spend on the construction and renovation of homes, thereby directly benefitting the global countertop market. In addition, the consumers are increasingly preferring granite stone as their choice of countertop, due to the fact that the prices of granite are dropping.
This is especially true for the markets in the United States, where there is a huge availability of granite stone in the mass markets due to a plethora of supply because of the rising low cost imports of granite during the last decade.
This factor, coupled with the fact that consumers are preferring granite due to its high aesthetic appeal, is making the granite stone most popular choice for the countertops.
The global countertop market is slated to reach a valuation of nearly US$ 142,000 Mn in the year 2026 and exhibit a moderate CAGR during the period of forecast.
4 Forecast Highlights on Global Countertop Market
- As per the forecast of Future Market Insights, the solid surfaces material type segment is slated to touch a value of nearly US$ 34,750 Mn in the year 2026. This represents a moderate CAGR growth during the assessment period of 2017-2026. The solid surfaces material type segment was estimated to account for nearly one-fourth of the revenue share of the material type category by the year 2017 and is expected to lose in market share by the year 2026 end.
- As per the assessment of Future Market Insights, the non-residential segment will reach a valuation of nearly US$ 101,060 Mn in the year 2026. This represents a robust CAGR growth during the period of assessment. The non-residential segment was estimated to account for more than two-thirds of the revenue share of the end use industries category in the year 2017 and is expected to gain market share by the end of the year 2026.A
- As per the estimates of Future Market Insights, the new construction segment is slated to reach a valuation of nearly US$ 94,850 Mn in 2026. The new construction segment is expected to gain market share by the end of the year 2026. The largest share is contributed by the APEJ region in the new construction segment.
- Future Market Insights forecasts the US countertop market to grow from US$ 16,928.6 Mn in 2017 to US$ 25,707.9 Mn in 2026. This represents a compound annual growth rate (CAGR) of 4.8% from 2017 to 2026.
Request Complete TOC Of this Report @ https://www.futuremarketinsights.com/toc/rep-gb-6347
Competition Landscape
The report has also profiled leading players in the global market for countertops, which will remain active through 2026. These include companies such as Cambria, E. I. du Pont de Nemours and Company, Caesarstone Ltd., Asian Granito India Ltd., Pokarna Ltd, AKG Group, Illinois Tool Works Inc., Aro Granite Industries Ltd., Cosentino Group, Vicostone and Silestone.
Market Taxonomy
Region
- North America
- Latin America
- Europe
- Japan
- APEJ
- MEA
Material Type
- Granite
- Solid Surfaces
- Laminates
- Engineered Quartz
- Marble
- Others
End Use Industries
- Residential
- Non-Residential
Construction Activity
- New Construction
- Renovation
Buy Now@ https://www.futuremarketinsights.com/checkout/6347
Explore wide-ranging Coverage of FMI’s Chemicals & Materials Market Insights Landscape
Sulphur Bentonite Market – Sulphur Bentonite Market By Application (Oilseeds, Cereals, Pulses, Crops, Fruits and Vegetables, Lawn, Turf, Trees) & Region – Forecast 2022 – 2029
3D Printing Materials Market – 3D Printing Materials Market By Material Type (Plastics, Metals, Ceramics), Form (Filament, Powder, Liquid) & Region – Forecast 2021 – 2031.
Boron Trifluoride & Complexes Market – Boron Trifluoride & Complexes Market By Type (BF3 (Gas), BF3 Tetrahydrofuran Complex, BF3 Methanol Complex, BF3 Diethyl Etherate Complex, BF3 acetonitrile Complex), Application (Catalyst, Boron Source, Chemical Intermediate) & Region – Forecast 2022 – 2029
About Future Market Insights (FMI)
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.
Contact:
Future Market Insights,
1602-6 Jumeirah Bay X2 Tower,
Plot No: JLT-PH2-X2A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
For Sales Enquiries: [email protected]
For Media Enquiries: [email protected]
Website: https://www.futuremarketinsights.com/
Report: https://www.futuremarketinsights.com/reports/countertop-market
Press Release Source: https://www.futuremarketinsights.com/press-release//countertop-market
