The global countertop market is estimated to gain a revenue of US$ 1,22,395.22 million in 2023. Chemical and material domain experts opine that the countertop market is expected to grow at a CAGR of 4.9% through 2033, reaching a valuation of US$ 1,97,478.28 million by 2033.
| Attributes | Details |
|---|---|
| Countertop Market Size, 2022 | US$ 1,16,583.57 million |
| Countertop Market Size, 2023 | US$ 1,22,395.22 million |
| Countertop Market Size, 2033 | US$ 1,97,478.28 million |
| Value CAGR (2023 to 2033) | 4.9% |
Trends Impacting the Market Dynamics of Countertops
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| Attributes | Details |
|---|---|
| Countertop Market Size (2022) | US$ 1,16,583.57 million |
The global countertop market is projected to scale from US$ 1,16,583.57 million in 2022 to US$ 1,97,478.28 million by 2033, registering a CAGR of 4.9% over the forecast period. Key players made many developments for the expansion of the countertop industry during the historical period. For instance, in February 2022, representatives of The Residences, a 515-foot tower, commented that the reservations surpassed expectations in the first 90 days of sales launch. The luxury condominium project, valued at US$ 400 million, was announced to feature European-style cabinetry, a gourmet kitchen with quartz countertops, four-bedroom units, stainless steel appliances, and floor-to-ceiling windows.
Key factors yielding growth in the countertop market are as follows:
| Leading Material Type | Granite |
|---|---|
| Market Share (2023) | 28.6% |
Based on the recent market research conducted by FMI’s analysts, the leading material over the forecast period is expected to be granite, accounting for a share of 28.6% in 2023. The inclination toward granite is rising on account of its superior quality at competitive pricing. Granite is a novel countertop material that has a multitude of properties like scratch, crack, and heat resistance. It is also significantly durable in relation to laminate and quartz countertops by offering about 3X more lifespan. These aforementioned factors are projected to boost the utilization of granite countertops in household applications like kitchen and bathroom designs.
| Leading End Use | Non-residential |
|---|---|
| Market Share (2023) | 72.3% |
The non-residential sector is forecast to occupy around 3/4th of the global market. As per the latest market projections by FMI analysts, the non-residential applications are expected to account for a market share of 72.3% in 2023. Mentioned below are the leading factors that are yielding market growth:
Principal Consultant
| Country/Region | CAGR (2023 to 2033) |
|---|---|
| United Kingdom | 4.4% |
| Canada | 6.4% |
| India | 5.7% |
| New Zealand | 6% |
| ASEAN | 5.8% |
The United Kingdom countertop market is anticipated to record a CAGR of 4.4% through 2033. Mentioned below are the leading factors that are driving the growth in the United Kingdom:
Canada's countertop market is projected to register a CAGR of 6.4% through 2033. Mentioned below are the key factors that are yielding growth in the Canadian market:
The countertop market in India, as per the recent market study by FMI’s analysts, is projected to register a CAGR of 5.7% through 2033. The following factors are propelling the growth of the market forward:
The latest market statistics exhibit that the market in New Zealand is predicted to expand at a CAGR of 6% through 2033. The following factors are instigating the growth of the countertop market in the country:
The ASEAN countertop market is projected to record a CAGR of 5.8% through 2033. Mentioned below are the leading factors that are propelling market growth in the country:
Industry participants are targeting improvement of their service quality by extending their existing portfolios and attempting to gain new customers. Leading companies in the market are uniting with real estate firms to offer in-house hard surface countertops to set up in innovative buildings. Market competitors are competing for a larger share by coming into mergers and acquisitions, joint ventures, and collaborations.
New Developments in the Countertop Market
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| Attribute | Details |
|---|---|
| Forecast Period | 2018 to 2022 |
| Historical Data Available for | 2023 to 2033 |
| Market Analysis | Units for Volume and US$ million for Value |
| Key Regions Covered | North America; Latin America; Europe; Asia Pacific; and the Middle East and Africa |
| Key Countries Covered | The United States, Canada, Brazil, Mexico, Germany, the United Kingdom, France, Italy, Spain, Nordic, Russia, Poland, China, India, Thailand, Indonesia, Australia and New Zealand, Japan, GCC countries, North Africa, South Africa, and others. |
| Key Market Segments Covered | Material Type, End Use Industries, Construction Activity, and Region |
| Key Companies Profiled | Caesarstone Ltd.; Illinois Tool Works Inc.; Pokarna Ltd.; E. I. duPont de Nemours and Company; Cosentino Group; Silestone; AKG Group; Vicostone; Cambria; Aro Granite Industries Ltd.; Asian Granito India Ltd. |
The countertop market is worth US$ 1,22,395.22 million in 2023.
The market is predicted to expand at a CAGR of 4.9% through 2033.
The market is anticipated to account for US$ 1,97,478.28 million by 2033.
Canada is predicted to provide lucrative growth opportunities in the global market.
Granite is a significantly requested material for countertops.
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Product Life Cycle Analysis
3.5. Supply Chain Analysis
3.5.1. Supply Side Participants and their Roles
3.5.1.1. Producers
3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers)
3.5.1.3. Wholesalers and Distributors
3.5.2. Value Added and Value Created at Node in the Supply Chain
3.5.3. List of Raw Material Suppliers
3.5.4. List of Existing and Potential Buyer’s
3.6. Investment Feasibility Matrix
3.7. Value Chain Analysis
3.7.1. Profit Margin Analysis
3.7.2. Wholesalers and Distributors
3.7.3. Retailers
3.8. PESTLE and Porter’s Analysis
3.9. Regulatory Landscape
3.9.1. By Key Regions
3.9.2. By Key Countries
3.10. Regional Parent Market Outlook
3.11. Production and Consumption Statistics
3.12. Import and Export Statistics
4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033
4.1. Historical Market Size Value (US$ Million) & Volume (Units) Analysis, 2018 to 2022
4.2. Current and Future Market Size Value (US$ Million) & Volume (Units) Projections, 2023 to 2033
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Material Type
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Material Type, 2018 to 2022
5.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Material Type, 2023 to 2033
5.3.1. Granite
5.3.2. Solid Surfaces
5.3.3. Laminates
5.3.4. Engineered Quartz
5.3.5. Marble
5.3.6. Others
5.4. Y-o-Y Growth Trend Analysis By Material Type, 2018 to 2022
5.5. Absolute $ Opportunity Analysis By Material Type, 2023 to 2033
6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By End Use Industries
6.1. Introduction / Key Findings
6.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By End Use Industries, 2018 to 2022
6.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By End Use Industries, 2023 to 2033
6.3.1. Residential
6.3.2. Non-Residential
6.4. Y-o-Y Growth Trend Analysis By End Use Industries, 2018 to 2022
6.5. Absolute $ Opportunity Analysis By End Use Industries, 2023 to 2033
7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Construction Activity
7.1. Introduction / Key Findings
7.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Construction Activity, 2018 to 2022
7.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Construction Activity, 2023 to 2033
7.3.1. New Construction
7.3.2. Renovation
7.4. Y-o-Y Growth Trend Analysis By Construction Activity, 2018 to 2022
7.5. Absolute $ Opportunity Analysis By Construction Activity, 2023 to 2033
8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region
8.1. Introduction
8.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Region, 2018 to 2022
8.3. Current Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Region, 2023 to 2033
8.3.1. North America
8.3.2. Latin America
8.3.3. Western Europe
8.3.4. Eastern Europe
8.3.5. South Asia and Pacific
8.3.6. East Asia
8.3.7. Middle East and Africa
8.4. Market Attractiveness Analysis By Region
9. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
9.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022
9.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033
9.2.1. By Country
9.2.1.1. USA
9.2.1.2. Canada
9.2.2. By Material Type
9.2.3. By End Use Industries
9.2.4. By Construction Activity
9.3. Market Attractiveness Analysis
9.3.1. By Country
9.3.2. By Material Type
9.3.3. By End Use Industries
9.3.4. By Construction Activity
9.4. Key Takeaways
10. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
10.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022
10.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033
10.2.1. By Country
10.2.1.1. Brazil
10.2.1.2. Mexico
10.2.1.3. Rest of Latin America
10.2.2. By Material Type
10.2.3. By End Use Industries
10.2.4. By Construction Activity
10.3. Market Attractiveness Analysis
10.3.1. By Country
10.3.2. By Material Type
10.3.3. By End Use Industries
10.3.4. By Construction Activity
10.4. Key Takeaways
11. Western Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
11.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022
11.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033
11.2.1. By Country
11.2.1.1. Germany
11.2.1.2. UK
11.2.1.3. France
11.2.1.4. Spain
11.2.1.5. Italy
11.2.1.6. Rest of Western Europe
11.2.2. By Material Type
11.2.3. By End Use Industries
11.2.4. By Construction Activity
11.3. Market Attractiveness Analysis
11.3.1. By Country
11.3.2. By Material Type
11.3.3. By End Use Industries
11.3.4. By Construction Activity
11.4. Key Takeaways
12. Eastern Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
12.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022
12.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033
12.2.1. By Country
12.2.1.1. Poland
12.2.1.2. Russia
12.2.1.3. Czech Republic
12.2.1.4. Romania
12.2.1.5. Rest of Eastern Europe
12.2.2. By Material Type
12.2.3. By End Use Industries
12.2.4. By Construction Activity
12.3. Market Attractiveness Analysis
12.3.1. By Country
12.3.2. By Material Type
12.3.3. By End Use Industries
12.3.4. By Construction Activity
12.4. Key Takeaways
13. South Asia and Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
13.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022
13.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033
13.2.1. By Country
13.2.1.1. India
13.2.1.2. Bangladesh
13.2.1.3. Australia
13.2.1.4. New Zealand
13.2.1.5. Rest of South Asia and Pacific
13.2.2. By Material Type
13.2.3. By End Use Industries
13.2.4. By Construction Activity
13.3. Market Attractiveness Analysis
13.3.1. By Country
13.3.2. By Material Type
13.3.3. By End Use Industries
13.3.4. By Construction Activity
13.4. Key Takeaways
14. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
14.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022
14.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033
14.2.1. By Country
14.2.1.1. China
14.2.1.2. Japan
14.2.1.3. South Korea
14.2.2. By Material Type
14.2.3. By End Use Industries
14.2.4. By Construction Activity
14.3. Market Attractiveness Analysis
14.3.1. By Country
14.3.2. By Material Type
14.3.3. By End Use Industries
14.3.4. By Construction Activity
14.4. Key Takeaways
15. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
15.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2018 to 2022
15.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2023 to 2033
15.2.1. By Country
15.2.1.1. GCC Countries
15.2.1.2. South Africa
15.2.1.3. Israel
15.2.1.4. Rest of MEA
15.2.2. By Material Type
15.2.3. By End Use Industries
15.2.4. By Construction Activity
15.3. Market Attractiveness Analysis
15.3.1. By Country
15.3.2. By Material Type
15.3.3. By End Use Industries
15.3.4. By Construction Activity
15.4. Key Takeaways
16. Key Countries Market Analysis
16.1. USA
16.1.1. Pricing Analysis
16.1.2. Market Share Analysis, 2022
16.1.2.1. By Material Type
16.1.2.2. By End Use Industries
16.1.2.3. By Construction Activity
16.2. Canada
16.2.1. Pricing Analysis
16.2.2. Market Share Analysis, 2022
16.2.2.1. By Material Type
16.2.2.2. By End Use Industries
16.2.2.3. By Construction Activity
16.3. Brazil
16.3.1. Pricing Analysis
16.3.2. Market Share Analysis, 2022
16.3.2.1. By Material Type
16.3.2.2. By End Use Industries
16.3.2.3. By Construction Activity
16.4. Mexico
16.4.1. Pricing Analysis
16.4.2. Market Share Analysis, 2022
16.4.2.1. By Material Type
16.4.2.2. By End Use Industries
16.4.2.3. By Construction Activity
16.5. Germany
16.5.1. Pricing Analysis
16.5.2. Market Share Analysis, 2022
16.5.2.1. By Material Type
16.5.2.2. By End Use Industries
16.5.2.3. By Construction Activity
16.6. UK
16.6.1. Pricing Analysis
16.6.2. Market Share Analysis, 2022
16.6.2.1. By Material Type
16.6.2.2. By End Use Industries
16.6.2.3. By Construction Activity
16.7. France
16.7.1. Pricing Analysis
16.7.2. Market Share Analysis, 2022
16.7.2.1. By Material Type
16.7.2.2. By End Use Industries
16.7.2.3. By Construction Activity
16.8. Spain
16.8.1. Pricing Analysis
16.8.2. Market Share Analysis, 2022
16.8.2.1. By Material Type
16.8.2.2. By End Use Industries
16.8.2.3. By Construction Activity
16.9. Italy
16.9.1. Pricing Analysis
16.9.2. Market Share Analysis, 2022
16.9.2.1. By Material Type
16.9.2.2. By End Use Industries
16.9.2.3. By Construction Activity
16.10. Poland
16.10.1. Pricing Analysis
16.10.2. Market Share Analysis, 2022
16.10.2.1. By Material Type
16.10.2.2. By End Use Industries
16.10.2.3. By Construction Activity
16.11. Russia
16.11.1. Pricing Analysis
16.11.2. Market Share Analysis, 2022
16.11.2.1. By Material Type
16.11.2.2. By End Use Industries
16.11.2.3. By Construction Activity
16.12. Czech Republic
16.12.1. Pricing Analysis
16.12.2. Market Share Analysis, 2022
16.12.2.1. By Material Type
16.12.2.2. By End Use Industries
16.12.2.3. By Construction Activity
16.13. Romania
16.13.1. Pricing Analysis
16.13.2. Market Share Analysis, 2022
16.13.2.1. By Material Type
16.13.2.2. By End Use Industries
16.13.2.3. By Construction Activity
16.14. India
16.14.1. Pricing Analysis
16.14.2. Market Share Analysis, 2022
16.14.2.1. By Material Type
16.14.2.2. By End Use Industries
16.14.2.3. By Construction Activity
16.15. Bangladesh
16.15.1. Pricing Analysis
16.15.2. Market Share Analysis, 2022
16.15.2.1. By Material Type
16.15.2.2. By End Use Industries
16.15.2.3. By Construction Activity
16.16. Australia
16.16.1. Pricing Analysis
16.16.2. Market Share Analysis, 2022
16.16.2.1. By Material Type
16.16.2.2. By End Use Industries
16.16.2.3. By Construction Activity
16.17. New Zealand
16.17.1. Pricing Analysis
16.17.2. Market Share Analysis, 2022
16.17.2.1. By Material Type
16.17.2.2. By End Use Industries
16.17.2.3. By Construction Activity
16.18. China
16.18.1. Pricing Analysis
16.18.2. Market Share Analysis, 2022
16.18.2.1. By Material Type
16.18.2.2. By End Use Industries
16.18.2.3. By Construction Activity
16.19. Japan
16.19.1. Pricing Analysis
16.19.2. Market Share Analysis, 2022
16.19.2.1. By Material Type
16.19.2.2. By End Use Industries
16.19.2.3. By Construction Activity
16.20. South Korea
16.20.1. Pricing Analysis
16.20.2. Market Share Analysis, 2022
16.20.2.1. By Material Type
16.20.2.2. By End Use Industries
16.20.2.3. By Construction Activity
16.21. GCC Countries
16.21.1. Pricing Analysis
16.21.2. Market Share Analysis, 2022
16.21.2.1. By Material Type
16.21.2.2. By End Use Industries
16.21.2.3. By Construction Activity
16.22. South Africa
16.22.1. Pricing Analysis
16.22.2. Market Share Analysis, 2022
16.22.2.1. By Material Type
16.22.2.2. By End Use Industries
16.22.2.3. By Construction Activity
16.23. Israel
16.23.1. Pricing Analysis
16.23.2. Market Share Analysis, 2022
16.23.2.1. By Material Type
16.23.2.2. By End Use Industries
16.23.2.3. By Construction Activity
17. Market Structure Analysis
17.1. Competition Dashboard
17.2. Competition Benchmarking
17.3. Market Share Analysis of Top Players
17.3.1. By Regional
17.3.2. By Material Type
17.3.3. By End Use Industries
17.3.4. By Construction Activity
18. Competition Analysis
18.1. Competition Deep Dive
18.1.1. Caesarstone Ltd.
18.1.1.1. Overview
18.1.1.2. Product Portfolio
18.1.1.3. Profitability by Market Segments
18.1.1.4. Sales Footprint
18.1.1.5. Strategy Overview
18.1.1.5.1. Marketing Strategy
18.1.1.5.2. Product Strategy
18.1.1.5.3. Channel Strategy
18.1.2. Illinois Tool Works Inc.
18.1.2.1. Overview
18.1.2.2. Product Portfolio
18.1.2.3. Profitability by Market Segments
18.1.2.4. Sales Footprint
18.1.2.5. Strategy Overview
18.1.2.5.1. Marketing Strategy
18.1.2.5.2. Product Strategy
18.1.2.5.3. Channel Strategy
18.1.3. Pokarna Ltd.
18.1.3.1. Overview
18.1.3.2. Product Portfolio
18.1.3.3. Profitability by Market Segments
18.1.3.4. Sales Footprint
18.1.3.5. Strategy Overview
18.1.3.5.1. Marketing Strategy
18.1.3.5.2. Product Strategy
18.1.3.5.3. Channel Strategy
18.1.4. E. I. duPont de Nemours and Company
18.1.4.1. Overview
18.1.4.2. Product Portfolio
18.1.4.3. Profitability by Market Segments
18.1.4.4. Sales Footprint
18.1.4.5. Strategy Overview
18.1.4.5.1. Marketing Strategy
18.1.4.5.2. Product Strategy
18.1.4.5.3. Channel Strategy
18.1.5. Cosentino Group
18.1.5.1. Overview
18.1.5.2. Product Portfolio
18.1.5.3. Profitability by Market Segments
18.1.5.4. Sales Footprint
18.1.5.5. Strategy Overview
18.1.5.5.1. Marketing Strategy
18.1.5.5.2. Product Strategy
18.1.5.5.3. Channel Strategy
18.1.6. Silestone
18.1.6.1. Overview
18.1.6.2. Product Portfolio
18.1.6.3. Profitability by Market Segments
18.1.6.4. Sales Footprint
18.1.6.5. Strategy Overview
18.1.6.5.1. Marketing Strategy
18.1.6.5.2. Product Strategy
18.1.6.5.3. Channel Strategy
18.1.7. AKG Group
18.1.7.1. Overview
18.1.7.2. Product Portfolio
18.1.7.3. Profitability by Market Segments
18.1.7.4. Sales Footprint
18.1.7.5. Strategy Overview
18.1.7.5.1. Marketing Strategy
18.1.7.5.2. Product Strategy
18.1.7.5.3. Channel Strategy
18.1.8. Vicostone
18.1.8.1. Overview
18.1.8.2. Product Portfolio
18.1.8.3. Profitability by Market Segments
18.1.8.4. Sales Footprint
18.1.8.5. Strategy Overview
18.1.8.5.1. Marketing Strategy
18.1.8.5.2. Product Strategy
18.1.8.5.3. Channel Strategy
18.1.9. Cambria
18.1.9.1. Overview
18.1.9.2. Product Portfolio
18.1.9.3. Profitability by Market Segments
18.1.9.4. Sales Footprint
18.1.9.5. Strategy Overview
18.1.9.5.1. Marketing Strategy
18.1.9.5.2. Product Strategy
18.1.9.5.3. Channel Strategy
18.1.10. Aro Granite Industries Ltd.
18.1.10.1. Overview
18.1.10.2. Product Portfolio
18.1.10.3. Profitability by Market Segments
18.1.10.4. Sales Footprint
18.1.10.5. Strategy Overview
18.1.10.5.1. Marketing Strategy
18.1.10.5.2. Product Strategy
18.1.10.5.3. Channel Strategy
18.1.11. Asian Granito India Ltd.
18.1.11.1. Overview
18.1.11.2. Product Portfolio
18.1.11.3. Profitability by Market Segments
18.1.11.4. Sales Footprint
18.1.11.5. Strategy Overview
18.1.11.5.1. Marketing Strategy
18.1.11.5.2. Product Strategy
18.1.11.5.3. Channel Strategy
19. Assumptions & Acronyms Used
20. Research Methodology
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Countertop Market
