Kitchen Countertop Market Size Share, Growth Statistics to 2025

Kitchen Countertop Market to 2025 - Global Analysis and Forecasts by Type (Granite, Solid Surface, Quartz, Marble, Laminates, and Ceramic Slab); Application (Commercial and Residential)

Publication Month : Dec 2018

  • Report Code : TIPMC00002591
  • Category : Manufacturing and Construction
  • Status : Published
  • No. of Pages : 150
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[Research Report] the global kitchen countertop market is expected to grow from US$ 92.93 Bn in 2017 to US$ 135.47 Bn by 2025 at a CAGR of 4.9% between 2018 and 2025.


The kitchen countertop available in the global market has grown considerably over the years. The manufacturers of kitchen countertop across the globe have witnessed consistently growing demand for the same, especially granite, marble, and stainless steel based kitchen countertops among others. Growth in the recent five years is primarily driven by two major factors, i.e. increase in commercial and residential constructions, and rising demand for quartz based kitchen countertop.

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Kitchen Countertop Market: Strategic Insights

kitchen-countertop-market
Market Size Value inUS$ 92.93 Billion in 2017
Market Size Value byUS$ 135.47 Billion by 2025
Growth rateCAGR of 4.9% from 2018-2025
Forecast Period2018-2025
Base Year2018
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The study intends to deliver an overview of global kitchen countertop market with detailed market segmentation. Also, it evaluates the present market state of kitchen countertop market and forecasts the market till 2025. The report covers market dynamics affecting the kitchen countertop market during the forecast period. Furthermore, the report analyzes the competitive scenario, geographic trends, and opportunities in the kitchen countertop market with respect to all geographic regions. The report also includes the detailed company profiles of the key players in the kitchen countertop market along with their market strategies. The report also provides value chain along with the SWOT analysis for all company profiled in the report.

The report focuses on an in-depth segmentation of kitchen countertop market based on type and application. Geographical segmentation of the study covers five strategic regions comprising of North Americas, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America (SAM). The regional market has been further branched by respective countries. By type segment, granite accounted for maximum share in the kitchen countertop market in 2017 and whereas quartz-based countertop is anticipated to surge at the prime growth rate during the forecast period.

Asia Pacific is the dominant region worldwide in terms of kitchen countertop consumption. The region is continuing to dominate the market year on year and the same trend is foreseen to help the region to lead the market in the coming years. This is due to significantly large consumption of kitchen countertop in China and Singapore among others for years, and recently the production volume in India and Indonesia has expanded significantly. Apart from the rising population in China, India, and Singapore, these countries have become the business hub in Asia Pacific and attributing to this fact, several international hotel chains are establishing their business units in these countries, thereby propelling the infrastructure sector. Another factor bolstering kitchen countertop market in Asia Pacific region is the availability of raw materials such as granite, marble, and quartz among others in large quantity. The easy availability is one of the prime advantages for the manufacturers operating in kitchen countertop market in the Asia Pacific to increase their production lines year on year. Increasing mining of natural stones coupled with the soaring demand facilitates the manufacturers to meet the demand easily. This factor is a catalyzer for kitchen countertop market in Asia Pacific.

The major companies operating in the kitchen countertop market includes Caeserstone Ltd., Agro Granite Industries Ltd., Asian Granito India Ltd., Cambria Co., Cosentino S.A., Florim Ceramiche S.p.A., Laminam S.p.A., LG Hausys Ltd. Thesize Surfaces (Neolith), Pokarna Limited, Quarella, Sapienstone (Iris Ceramica Group S.p.A.), Strasser Steine GmbH, Tile & Stone Works, and Vicostone among others.

Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

Type ; Application

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

US, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, Argentina

The List of Companies

1. Caeserstone Ltd.
2. Aro Granite Industries Ltd.
3. Asian Granito India Ltd.
4. Cambria Co.
5. Cosentino S.A.
6. Florim Ceramiche S.p.A
7. Laminam S.p.A
8. LG Hausys, Ltd.
9. Thesize Surface (Neolith)
10. Pokarna Limtied
11. Quarella
12. Sapienstone (Iris Ceramica Group S.p.A)
13. Strasser Steine GmbH
14. Tile & Stone Works
15. Vicostone

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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