Press release
Global Countertops Market: Projected Growth, Key Drivers, and Trends for 2024-2029
Countertops Market Size
What Is The Projected Market Size Of The Global Countertops Market And Its Growth Rate?
• Countertops market size was $96.89 billion in 2024
• Projected to grow to $100.29 billion in 2025 (CAGR of 3.5%)
• CAGR of 3.9% is expected from 2025, reaching $116.85 billion in 2029
The steady growth of the countertops market can be attributed to sustainable materials demand, customization preferences, urbanization and modern living, health and hygiene concerns, premium and luxury trends, residential and commercial construction and expanding online sales channels.
What Is Driving The Growth In The Countertops Market?
The countertops market is seeing a steady surge due to the increasing number of residential constructions. These constructions rely on countertops for preparation and storage space in kitchens. As per the data from the U.S. Department of Housing and Urban Development and the U.S. Census Bureau, the number of privately owned housing completions increased by 3.5% and privately owned housing units authorized by building permits increased by 1.1% from 2021 to 2022. This significant increase in residential constructions has propelled the growth of the countertops market.
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Who Are the Key Players Driving Countertops Market Growth?
• Strasser Steine GmbH
• Wilsonart International Holdings LLC
• Aro Granite Industries Limited
• Masco Corporation
• Grupo Cosentino S.A.
• Century Plyboards & Industries Limited
• Greenply Industries Limited
• Georgia-Pacific LLC
• Eksons Corporation Berhad
• Linyi Junli Wood Products Co Ltd.
• And many more...
What Are The Key Trends In The Countertops Market?
• Innovation in edge profiles
• Application of recycled and upcycled materials
• Integration of digital printing technology
• Preference for low-maintenance materials
• Expansion of online sales channels
What Are The Segments Of The Global Countertops Market?
1) By Type: Natural Stone, Engineered Stone, Concrete, Solid Surfaces, Plastic Laminate, Wood
2) By Application: Kitchen, Bathroom, Other Applications
3) By End-User: Residential, Commercial, Industrial
Which Region Leads The Countertops Market?
North America held the largest share of the countertops market in 2024. However, the Asia-Pacific region is expected to experience the fastest growth in the forecast period. Other regions covered in the report include Western Europe, Eastern Europe, South America, Middle East, and Africa.
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What Is Covered In The Countertops Market Global Market Report?
- Market Size Analysis: Analyze the Countertops Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Countertops Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Countertops Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Countertops Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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