Countertops Market 2030
Type: PDF
Status: Published
Categories: Consumer Goods
Report Code : CG23
No. of Pages :
The increasing demand from residential applications is likely to drive the market. The increasing demand for aesthetically pleasing and hygienic surfaces is driving the demand for countertops. Furthermore, the growing demand for quartz and marble countertops is expected to boost the market growth.
Factors such as the increasing number of construction activities and rapid urbanization are driving the market. In addition, the increasing demand for high-end luxury products is propelling the market. The growing use of countertops in commercial kitchens is expected to boost the market. The increasing use of recycled materials in countertops is anticipated to create lucrative opportunities for the market.
Countertop materials are categorized into five major types, namely, natural stone, engineered stone, solid surfaces, stainless steel, and others. The engineered stone segment is expected to grow at the fastest rate during the forecast period, owing to its easy availability, low maintenance, high durability, and resistance to heat and scratches. It is also increasingly used in residential kitchens and bathrooms.
In terms of distribution channel, the market is divided into two categories, namely, online and offline. The offline segment is expected to account for the larger market share over the forecast period, owing to the increasing demand for countertops from residential applications. The demand for countertops is expected to increase in the future owing to the growing popularity of online channels. This is expected to boost the online segment.
The market is segmented based on region into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is expected to be the largest market, owing to the increasing demand for luxury countertops from residential applications. The presence of major market players in the region is expected to drive the market. The Asia Pacific region is expected to register the highest CAGR during the forecast period. The increasing use of recycled materials in countertops is expected to drive the market in the region.
Countertops Market segmentation
By Material
• Natural Stone
• Engineered Stone
• Solid Surfaces
• Stainless Steel
• Others
By Distribution Channel
• Offline
• Online
By Region
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa
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