The global countertop market is set to grow at a 4.9% CAGR, reaching $142,000 Mn by 2026, driven by construction and renovation trends, with granite as a preferred material.
The global countertop market is exhibiting a steady growth throughout the world due to a rise in the disposable incomes and a rise in the employment levels, especially in the key markets of North America and APEJ. Also, with a renewed impetus that is being witnessed in the construction industry, the global countertop market is also benefitting due to this trend as most of the new countertops are installed in the kitchens of new homes and in the renovation of the old homes as well.
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Also, with the interest rates historically low in the key market of United States, and with the banks being generous in extending the line of credit to the consumers, there is a rising amount of money being spend on the construction and renovation of homes, thereby directly benefitting the global countertop market. In addition, the consumers are increasingly preferring granite stone as their choice of countertop, due to the fact that the prices of granite are dropping.
This is especially true for the markets in the United States, where there is a huge availability of granite stone in the mass markets due to a plethora of supply because of the rising low cost imports of granite during the last decade.
This factor, coupled with the fact that consumers are preferring granite due to its high aesthetic appeal, is making the granite stone most popular choice for the countertops.
The global countertop market is slated to reach a valuation of nearly US$ 142,000 Mn in the year 2026 and exhibit a moderate CAGR during the period of forecast.
4 Forecast Highlights on Global Countertop Market
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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.
Region
Material Type
End Use Industries
Construction Activity
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The article discusses the growth forecast of the global countertop market, expected to reach $142,000 Mn by 2026.
Granite countertops are popular due to their aesthetic appeal and decreasing prices, especially in the US.
Market growth is driven by increased construction and renovation activities, along with rising disposable incomes.
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