Kitchen Countertop Market will Soar to US$ 135.47 Bn by 2025, at a growth rate of 4.9% | Profiling Key Players are Quarella (Q.R.B.G. s.r.l.), COSENTINO, Caesarstone Ltd. - Corporate, LAMINAM SpA, Asian Granito India Limited

"Kitchen Countertop – Global Market" covers detailed research on the industry with financial analysis of the major players. The report provides key information and detailed study relating to the industry along with the Economic Impact and Regulatory and Market Support.

The global kitchen countertop market is anticipated to account for US$ 135.47 Bn by the end of 2025, escalating from US$ 92.93 Bn in 2017, at a growth rate of 4.9% during the forecast period from 2018 - 2025.

The construction sector is escalating at a sturdy growth rate in the developed regions across the globe. While on the other hand, in the developing regions, the industry is experiencing a substantial growth rate. Investments in infrastructure construction industry is continuously growing across the globe. The major focus of investments is on the residential sectors as the global population is constantly increasing at an exponential rates, which is demanding more residential spaces. The number of new residential buildings and individual houses rose rapidly over the years in the developed as well as developing nations worldwide. The US infrastructure industry is set to continue relatively fair growth rate during the forecast period which is heavily supported by residential constructions. Similarly, Canada’s New Canada Building Plan is supporting the construction industry in the country and the same is expected to drive the industry in the coming years.

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The growing investments and initiatives in the residential and commercial construction in North American countries is influencing the kitchen countertop manufacturers to increase their production. This factor is boasting the market for kitchen countertop in the North America region. Construction in European countries is also increasing slowly, demanding improved building materials. Additionally, the European population are increasingly inclining towards the aesthetics of interiors including the kitchen which covers the countertop space. European countries namely; Spain, Italy, and Turkey are experiencing demand for increased number of residential sectors as well as commercial spaces, thereby, catalyzing the demand for kitchen countertop. The increased demand from the builders and interior decorators in these countries is propelling the production lines of kitchen countertop year on year, thereby, substantially driving the kitchen countertop market in the European region.

The global kitchen countertop market is categorized on basis of different types of countertops for kitchen and their application areas. The several of types of kitchen countertops considered in this research are granite, solid surface, quartz, marble, laminates, ceramic slabs and others. The others segment consists of concrete, stainless steel and wood. Granite holds the maximum share of kitchen countertop market since several years and the same is expected to hold in the coming couple of years. However, the quartz segment is estimated to be the fastest growing segment in the kitchen countertop market during the forecast period from 2018 - 2025.

In terms of application areas of kitchen countertop, the market is bifurcated into commercial areas and residential areas. The commercial sector includes hotels, restaurant, and hospitals. The growth of commercial infrastructure across the globe is pacing up rapidly, which is enabling the market players in kitchen countertop market to sell their commercial kitchen countertops easily at a competitive price. On the other hand, residential sector in kitchen countertop market dominate the market heavily worldwide. This is attributed to the exponential upsurge in residential construction and renovation in the developed as well as developing regions across the globe. The geographic segmentation in the report consists of five strategic regions namely; North America, Europe, Asia Pacific, Middle East and Africa, and South America.

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The leading companies functioning in the field of kitchen countertop Quarella, Cosentino S.A., Caeserstone Ltd., Laminam SpA, Pokarna Limited, Vicostone, Cambria Co., Aro Granite Industries Ltd., Asian Granito India Ltd., LG Hausys, Ltd., Neolith, Sapienstone, Florim Stone, Tile & Stone Works, and Strasser Stein among others. Various other companies are also operating in the market and are coming up with new designs and offerings which is enabling the market for the kitchen countertop to expand over the years in terms of revenue.

The report segments the global kitchen countertop market as follows:

Global Kitchen Countertop Market - By Type
• Granite
• Solid Surface
• Quartz
• Marble
• Laminate
• Ceramic Slab
• Others

Global Kitchen Countertop Market - By Application
• Commercial
• Residential

Global Kitchen Countertop Market - By Geography
• North America
o U.S.
o Canada
o Mexico

• Europe
o France
o Germany
o Italy
o Spain
o U.K.
o Turkey
o Rest of Europe

• Asia Pacific (APAC)
o Australia
o China
o India
o Japan
o Indonesia
o Rest of APAC

• Middle East and Africa (MEA)
o Saudi Arabia
o South Africa
o UAE
o Rest of MEA

• South America (SAM)
o Brazil
o Rest of SAM

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This release was published on openPR.