Market Analysis and Insights: Global Countertops Market
Growing employment rate that will lead to the rising disposable income of the people, increasing number of residential constructions along with rising preferences of home enhancements, prevalence of funds from banks are some of the factors that will likely to enhance the growth of the countertops market in the forecast period of 2020-2027. On the other hand, rising demand of high-priced material and preferences towards granite counterparts will further boost various opportunities that will lead to the growth of the countertops market in the above-mentioned forecast period.
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Global Countertops Market Scope and Market Size
On the basis of material type, countertops market is segmented into granite, solid surfaces, laminates, engineered quartz, marble, and others.
Based on end-use industry, countertops market is segmented into residential, and commercial. Commercial has been further segmented into research laboratories, retails, hotels/restaurants, and others.
Countertops market is segmented in terms of market value, volume, market opportunities, and niches into multiple applications. The application segment for countertops market includes new construction, and renovation.
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Countertops Market Country Level Analysis
Countertops market is analysed and market size, volume information is provided by country material type, end-use industry and application as referenced above.
The countries covered in the countertops market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the countertops market due to the increasing adoption of advanced engineering material along with rising preferences towards plastic laminates. Asia-Pacific region is expected to hold the largest growth rate due to the rapid urbanization as well as commercialisation in the region along with rising residential and commercial construction.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Countertops Market Share Analysis
Countertops market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to countertops market.
The major players covered in the countertops market report are
· Pokarna Ltd
· Cosentino S.A.
· COSENTINO, S.A.
· AKG Group
· Aro Granite Industries Ltd.
· Asian Granito India Limited
· STRASSER Steine GmbH
· Wilsonart LLC.
· ARISTECH SURFACES LLC
among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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