[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
Market Size Value in US$ 92.93 Billion in 2017 Market Size Value by US$ 135.47 Billion by 2025 Growth rate CAGR of 4.9% from 2018-2025 Forecast Period 2018-2025 Base Year 2018
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Kitchen Countertop Market: Strategic Insights
| Market Size Value in | US$ 92.93 Billion in 2017 |
| Market Size Value by | US$ 135.47 Billion by 2025 |
| Growth rate | CAGR of 4.9% from 2018-2025 |
| Forecast Period | 2018-2025 |
| Base Year | 2018 |
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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
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Type ; Application
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
US, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, Argentina
TABLE OF CONTENTS
1. INTRODUCTION 15
1.1 SCOPE OF THE STUDY 15
1.2 THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE 15
2. KEY TAKEAWAYS 16
3. KITCHEN COUNTERTOP MARKET LANDSCAPE 19
3.1 MARKET OVERVIEW 19
3.2 MARKET SEGMENTATION 20
3.2.1 Global Kitchen Countertop Market - By Type 21
3.2.2 Global Kitchen Countertop Market - By Application 22
3.2.3 Global Kitchen Countertop Market - By Geography 22
3.3 PEST ANALYSIS 23
3.3.1 North America - PEST Analysis 23
3.3.2 Europe - PEST Analysis 25
3.3.3 Asia Pacific - PEST Analysis 27
3.3.4 Middle East and Africa - PEST Analysis 29
3.3.5 South America - PEST Analysis 31
4. KITCHEN COUNTERTOP MARKET - KEY INDUSTRY DYNAMICS 33
4.1 KEY MARKET DRIVERS 33
4.1.1 Rising Commercial and Residential Construction 33
4.1.2 Consumer Preference is Increasingly Shifting Towards Quartz based Kitchen Countertops 34
4.2 KEY MARKET RESTRAINTS 34
4.2.1 Gradual Fall in Adoption of Granite based Kitchen Countertop to Hamper Market 34
4.3 KEY MARKET OPPORTUNITIES 35
4.3.1 Increasing Investments in Residential & Commercial Sectors in Developing Countries to Stimulate the Demand 35
4.4 FUTURE TRENDS 35
4.4.1 Adoption of Ceramic Slabs as Kitchen Countertop to Accentuate the Demand 35
4.5 IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS 36
5. KITCHEN COUNTERTOP MARKET - GLOBAL ANALYSIS 37
5.1 GLOBAL KITCHEN COUNTERTOP MARKET OVERVIEW 37
5.2 GLOBAL KITCHEN COUNTERTOP MARKET FORECAST AND ANALYSIS (US$ BN) 39
6. KITCHEN COUNTERTOP MARKET REVENUE AND FORECASTS TO 2025 - TYPE 40
6.1 OVERVIEW 40
6.2 GLOBAL KITCHEN COUNTERTOP MARKET BREAKDOWN, BY TYPE, 2017 & 2025 40
6.3 GRANITE MARKET 41
6.3.1 Overview 41
6.3.2 Granite Market Forecasts and Analysis 42
6.4 SOLID SURFACE MARKET 43
6.4.1 Overview 43
6.4.2 Solid Surface Market Forecasts and Analysis 43
6.5 QUARTZ MARKET 44
6.5.1 Overview 44
6.5.2 Quartz Market Forecasts and Analysis 44
6.6 MARBLE MARKET 45
6.6.1 Overview 45
6.6.2 Marble Market Forecasts and Analysis 45
6.7 LAMINATES MARKET 46
6.7.1 Overview 46
6.7.2 Laminates Market Forecasts and Analysis 46
6.8 CERAMIC SLAB MARKET 47
6.8.1 Overview 47
6.8.2 Ceramic Slab Market Forecasts and Analysis 47
6.9 OTHERS MARKET 48
6.9.1 Overview 48
6.9.2 Others Market Forecasts and Analysis 48
7. KITCHEN COUNTERTOP MARKET REVENUE AND FORECASTS TO 2025 - BY APPLICATION 49
7.1 OVERVIEW 49
7.2 GLOBAL KITCHEN COUNTERTOP MARKET BREAKDOWN, BY APPLICATION, 2017 & 2025 49
7.3 COMMERCIAL MARKET 50
7.3.1 Overview 50
7.3.2 Commercial Market Forecasts and Analysis 50
7.4 RESIDENTIAL MARKET 51
7.4.1 Overview 51
7.4.2 Residential Market Forecasts and Analysis 51
8. KITCHEN COUNTERTOP MARKET - GEOGRAPHICAL ANALYSIS 52
8.1 OVERVIEW 52
8.2 NORTH AMERICA KITCHEN COUNTERTOP MARKET REVENUE AND FORECASTS TO 2025 53
8.2.1 Overview 53
8.2.2 North America Kitchen Countertop Market Breakdown, by Key Countries 55
8.2.2.1 U.S. Kitchen Countertop Market Revenue and Forecasts to 2025 (US$ Mn) 56
8.2.2.2 Canada Kitchen Countertop Market Revenue and Forecast to 2025 (US$ Mn) 57
8.2.2.3 Mexico Kitchen Countertop Market Revenue and Forecasts to 2025 (US$ Mn) 58
8.2.3 North America Kitchen Countertop Market Breakdown, by Type 58
8.2.4 North America Kitchen Countertop Market Breakdown, by Application 59
8.3 EUROPE KITCHEN COUNTERTOP MARKET REVENUE AND FORECASTS TO 2025 61
8.3.1 Overview 61
8.3.2 Europe Kitchen Countertop Market Breakdown, by Key Countries 62
8.3.2.1 France Kitchen Countertop Market Revenue and Forecasts to 2025 (US$ Mn) 63
8.3.2.2 Germany Kitchen Countertop Market Revenue and Forecast to 2025 (US$ Mn) 64
8.3.2.3 Italy Kitchen Countertop Market Revenue and Forecasts to 2025 (US$ Mn) 65
8.3.2.4 Spain Kitchen Countertop Market Revenue and Forecasts to 2025 (US$ Mn) 66
8.3.2.5 U.K. Kitchen Countertop Market Revenue and Forecasts to 2025 (US$ Mn) 67
8.3.2.6 Turkey Kitchen Countertop Market Revenue and Forecasts to 2025 (US$ Mn) 68
8.3.2.7 Rest of Europe Kitchen Countertop Market Revenue and Forecasts to 2025 (US$ Mn) 69
8.3.3 Europe Kitchen Countertop Market Breakdown, by Types 69
8.3.4 Europe Kitchen Countertop Market Breakdown, by Application 70
8.4 ASIA PACIFIC KITCHEN COUNTERTOP MARKET REVENUE AND FORECASTS TO 2025 71
8.4.1 Overview 71
8.4.2 Asia Pacific Kitchen Countertop Market Breakdown, by Key Countries 73
8.4.2.1 Australia Kitchen Countertop Market Revenue and Forecasts to 2025 (US$ Mn) 74
8.4.2.2 China Kitchen Countertop Market Revenue and Forecast to 2025 (US$ Mn) 75
8.4.2.3 India Kitchen Countertop Market Revenue and Forecasts to 2025 (US$ Mn) 76
8.4.2.4 Japan Kitchen Countertop Market Revenue and Forecasts to 2025 (US$ Mn) 77
8.4.2.5 Indonesia Kitchen Countertop Market Revenue and Forecasts to 2025 (US$ Mn) 78
8.4.2.6 Rest of APAC Kitchen Countertop Market Revenue and Forecast to 2025 (US$ Mn) 79
8.4.3 Asia Pacific Kitchen Countertop Market Breakdown, by Type 79
8.4.4 Asia Pacific Kitchen Countertop Market Breakdown, by Application 80
8.5 MIDDLE EAST & AFRICA (MEA) KITCHEN COUNTERTOP MARKET REVENUE AND FORECASTS TO 2025 81
8.5.1 Overview 81
8.5.2 Middle East and Africa Kitchen Countertop Market Breakdown, by Key Countries 83
8.5.2.1 Africa Kitchen Countertop Market Revenue and Forecast to 2025 (US$ Mn) 84
8.5.2.2 Saudi Arabia Kitchen Countertop Market Revenue and Forecasts to 2025 (US$ Mn) 85
8.5.2.3 UAE Kitchen Countertop Market Revenue and Forecasts to 2025 (US$ Mn) 86
8.5.2.4 Rest of MEA Kitchen Countertop Market Revenue and Forecasts to 2025 (US$ Mn) 87
8.5.3 Middle East and Africa Kitchen Countertop Market Breakdown, by Type 87
8.5.4 Middle East and Africa Kitchen Countertop Market Breakdown, by Application 88
8.6 SOUTH AMERICA (SAM) KITCHEN COUNTERTOP MARKET REVENUE AND FORECASTS TO 2025 90
8.6.1 Overview 90
8.6.2 South America Kitchen Countertop Market Breakdown, by Key Countries 91
8.6.2.1 Brazil Kitchen Countertop Market Revenue and Forecasts to 2025 (US$ Mn) 92
8.6.2.2 Rest of SAM Kitchen Countertop Market Revenue and Forecasts to 2025 (US$ Mn) 93
8.6.3 South America Kitchen Countertop Market Breakdown, by Type 93
8.6.4 South America Kitchen Countertop Market Breakdown, by Application 94
9. INDUSTRY LANDSCAPE 96
9.1 OVERVIEW 96
9.2 MARKET INITIATIVE 97
9.3 NEW PRODUCT DEVELOPMENT 98
10. COMPETITIVE LANDSCAPE 99
10.1 COMPETITIVE PRODUCT MAPPING 99
10.2 MARKET POSITIONING - GLOBAL TOP 5 PLAYERS RANKING 100
11. KITCHEN COUNTERTOP, KEY COMPANY PROFILES 101
11.1 CAESARSTONE LTD. 101
11.1.1 Key Facts 101
11.1.2 Business Description 101
11.1.3 Financial Overview 102
11.1.4 SWOT Analysis 102
11.1.5 Key Developments 104
11.2 ARO GRANITE INDUSTRIES LTD. 105
11.2.1 Key Facts 105
11.2.2 Business Description 105
11.2.3 Financial Overview 105
11.2.4 SWOT Analysis 106
11.2.5 Key Developments 107
11.3 ASIAN GRANITO INDIA LTD. 108
11.3.1 Key Facts 108
11.3.2 Business Description 108
11.3.3 Financial Overview 108
11.3.4 SWOT Analysis 109
11.3.5 Key Developments 110
11.4 CAMBRIA CO. 111
11.4.1 Key Facts 111
11.4.2 Business Description 111
11.4.3 Financial Overview 111
11.4.4 SWOT Analysis 111
11.4.5 Key Developments 113
11.5 COSENTINO S.A. 114
11.5.1 Key Facts 114
11.5.2 Business Description 114
11.5.3 Financial Overview 114
11.5.4 SWOT Analysis 115
11.5.5 Key Developments 116
11.6 FLORIM CERAMICHE S.P.A. 117
11.6.1 Key Facts 117
11.6.2 Business Description 117
11.6.3 Financial Overview 117
11.6.4 SWOT Analysis 118
11.6.5 Key Developments 119
11.7 LAMINAM SPA 120
11.7.1 Key Facts 120
11.7.2 Business Description 120
11.7.3 Financial Overview 120
11.7.4 SWOT Analysis 121
11.7.5 Key Developments 122
11.8 LG HAUSYS, LTD. 123
11.8.1 Key Facts 123
11.8.2 Business Description 123
11.8.3 Financial Overview 123
11.8.4 SWOT Analysis 124
11.8.5 Key Developments 125
11.9 THESIZE SURFACES (NEOLITH) 126
11.9.1 Key Facts 126
11.9.2 Business Description 126
11.9.3 Financial Overview 126
11.9.4 SWOT Analysis 127
11.9.5 Key Developments 128
11.10 POKARNA LIMITED 129
11.10.1 Key Facts 129
11.10.2 Business Description 129
11.10.3 Financial Overview 130
11.10.4 SWOT Analysis 130
11.10.5 Key Developments 131
11.11 QUARELLA 132
11.11.1 Key Facts 132
11.11.2 Business Description 132
11.11.3 Financial Overview 132
11.11.4 SWOT Analysis 132
11.11.5 Key Developments 134
11.12 SAPIENSTONE (IRIS CERAMICA GROUP S.P.A.) 135
11.12.1 Key Facts 135
11.12.2 Business Description 135
11.12.3 Financial Overview 135
11.12.4 SWOT Analysis 136
11.12.5 Key Developments 137
11.13 STRASSER STEINE GMBH 138
11.13.1 Key Facts 138
11.13.2 Business Description 138
11.13.3 Financial Overview 138
11.13.4 SWOT Analysis 138
11.13.5 Key Developments 140
11.14 TILE & STONE WORKS 141
11.14.1 Key Facts 141
11.14.2 Business Description 141
11.14.3 Financial Overview 141
11.14.4 SWOT Analysis 141
11.15 VICOSTONE 144
11.15.1 Key Facts 144
11.15.2 Business Description 144
11.15.3 Financial Overview 144
11.15.4 SWOT Analysis 144
11.15.5 Key Developments 146
12. APPENDIX 147
12.1 ABOUT THE INSIGHT PARTNERS 147
12.2 GLOSSARY OF TERMS 147
12.3 METHODOLOGY 148
12.3.1 Coverage 148
12.3.2 Secondary Research 149
12.3.3 Primary Research 149
LIST OF TABLES
TABLE 1. GLOBAL KITCHEN COUNTERTOP MARKET REVENUE AND FORECASTS TO 2025 (US$ BN) 39
TABLE 2. NORTH AMERICA KITCHEN COUNTERTOP MARKET REVENUE AND FORECASTS TO 2025 - BY TYPE (US$ MN) 59
TABLE 3. NORTH AMERICA KITCHEN COUNTERTOP MARKET REVENUE AND FORECASTS TO 2025 - BY APPLICATION (US$ MN) 60
TABLE 4. EUROPE KITCHEN COUNTERTOP MARKET REVENUE AND FORECASTS TO 2025 - BY TYPE (US$ MN) 70
TABLE 5. EUROPE KITCHEN COUNTERTOP MARKET REVENUE AND FORECASTS TO 2025 - BY APPLICATION (US$ MN) 71
TABLE 6. ASIA PACIFIC KITCHEN COUNTERTOP MARKET REVENUE AND FORECASTS TO 2025 - BY TYPE (US$ MN) 80
TABLE 7. ASIA PACIFIC KITCHEN COUNTERTOP MARKET REVENUE AND FORECASTS TO 2025 - BY APPLICATION (US$ MN) 81
TABLE 8. MIDDLE EAST AND AFRICA KITCHEN COUNTERTOP MARKET REVENUE AND FORECASTS TO 2025 - BY TYPE (US$ MN) 88
TABLE 9. MIDDLE EAST AND AFRICA KITCHEN COUNTERTOP MARKET REVENUE AND FORECASTS TO 2025 - BY APPLICATION (US$ MN) 89
TABLE 10. SOUTH AMERICA KITCHEN COUNTERTOP MARKET REVENUE AND FORECASTS TO 2025 - BY TYPE (US$ MN) 94
TABLE 11. SOUTH AMERICA KITCHEN COUNTERTOP MARKET REVENUE AND FORECASTS TO 2025 - BY APPLICATION (US$ MN) 95
TABLE 12. GLOSSARY OF TERM: KITCHEN COUNTERTOP MARKET 147
LIST OF FIGURES
FIGURE 1. ASIA PACIFIC KITCHEN COUNTERTOP MARKET REVENUE & FORECAST, 2017 & 2015 (US$ MN) 16
FIGURE 2. GLOBAL GRANITE MARKET REVENUE AND FORECASTS TO 2025 (US$ MN, %) 17
FIGURE 3. GLOBAL KITCHEN COUNTERTOP MARKET, BY RESIDENTIAL, 2017-2025 (US$ MN) 18
FIGURE 4. KITCHEN COUNTERTOP MARKET SEGMENTATION 20
FIGURE 5. KITCHEN COUNTERTOP MARKET SEGMENTATION - GEOGRAPHY 21
FIGURE 6. NORTH AMERICA - PEST ANALYSIS 23
FIGURE 7. EUROPE - PEST ANALYSIS 25
FIGURE 8. ASIA PACIFIC - PEST ANALYSIS 27
FIGURE 9. MIDDLE EAST AND AFRICA - PEST ANALYSIS 29
FIGURE 10. SOUTH AMERICA - PEST ANALYSIS 31
FIGURE 11. KITCHEN COUNTERTOP MARKET IMPACT ANALYSIS OF DRIVER AND RESTRAINTS 36
FIGURE 12. GLOBAL KITCHEN COUNTERTOP MARKET, US$ BN 37
FIGURE 13. GLOBAL KITCHEN COUNTERTOP MARKET FORECAST AND ANALYSIS, US$ BN 39
FIGURE 14. GLOBAL KITCHEN COUNTERTOP MARKET BREAKDOWN, BY TYPE, 2017 & 2025 (%) 40
FIGURE 15. GLOBAL GRANITE MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 42
FIGURE 16. GLOBAL SOLID SURFACE MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 43
FIGURE 17. GLOBAL QUARTZ MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 44
FIGURE 18. GLOBAL MARBLE MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 45
FIGURE 19. GLOBAL LAMINATES MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 46
FIGURE 20. GLOBAL CERAMIC SLAB MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 47
FIGURE 21. GLOBAL OTHERS MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 48
FIGURE 22. GLOBAL KITCHEN COUNTERTOP MARKET BREAKDOWN, BY APPLICATION, 2017 & 2025 (%) 49
FIGURE 23. GLOBAL COMMERCIAL MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 50
FIGURE 24. GLOBAL RESIDENTIAL MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 51
FIGURE 25. KITCHEN COUNTERTOP MARKET, GLOBAL BREAKDOWN BY GEOGRAPHY, 2017 & 2025 (%) 52
FIGURE 26. NORTH AMERICA KITCHEN COUNTERTOP MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 54
FIGURE 27. NORTH AMERICA KITCHEN COUNTERTOP MARKET BREAKDOWN, BY KEY COUNTRIES, 2017 & 2025(%) 55
FIGURE 28. U.S. KITCHEN COUNTERTOP MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 56
FIGURE 29. CANADA KITCHEN COUNTERTOP MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 57
FIGURE 30. MEXICO KITCHEN COUNTERTOP MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 58
FIGURE 31. NORTH AMERICA KITCHEN COUNTERTOP MARKET BREAKDOWN, BY TYPE, 2017 & 2025 (%) 58
FIGURE 32. NORTH AMERICA KITCHEN COUNTERTOP MARKET BREAKDOWN, BY APPLICATION, 2017 & 2025 (%) 59
FIGURE 33. EUROPE KITCHEN COUNTERTOP MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 62
FIGURE 34. EUROPE KITCHEN COUNTERTOP MARKET BREAKDOWN, BY KEY COUNTRIES, 2017 & 2025 (%) 62
FIGURE 35. FRANCE KITCHEN COUNTERTOP MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 63
FIGURE 36. GERMANY KITCHEN COUNTERTOP MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 64
FIGURE 37. ITALY KITCHEN COUNTERTOP MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 65
FIGURE 38. SPAIN KITCHEN COUNTERTOP MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 66
FIGURE 39. U.K. KITCHEN COUNTERTOP MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 67
FIGURE 40. TURKEY KITCHEN COUNTERTOP MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 68
FIGURE 41. REST OF EUROPE KITCHEN COUNTERTOP MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 69
FIGURE 42. EUROPE KITCHEN COUNTERTOP MARKET BREAKDOWN, BY TYPES, 2017 & 2025 (%) 69
FIGURE 43. EUROPE KITCHEN COUNTERTOP MARKET BREAKDOWN, BY APPLICATION, 2017 & 2025 (%) 70
FIGURE 44. ASIA PACIFIC KITCHEN COUNTERTOP MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 72
FIGURE 45. ASIA PACIFIC KITCHEN COUNTERTOP MARKET BREAKDOWN, BY KEY COUNTRIES, 2017 & 2025(%) 73
FIGURE 46. AUSTRALIA KITCHEN COUNTERTOP MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 74
FIGURE 47. CHINA KITCHEN COUNTERTOP MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 75
FIGURE 48. INDIA KITCHEN COUNTERTOP MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 76
FIGURE 49. JAPAN KITCHEN COUNTERTOP MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 77
FIGURE 50. INDONESIA KITCHEN COUNTERTOP MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 78
FIGURE 51. REST OF APAC KITCHEN COUNTERTOP MARKET REVENUE AND FORECAST TO 2025 (US$ MN) 79
FIGURE 52. ASIA PACIFIC KITCHEN COUNTERTOP MARKET BREAKDOWN, BY TYPE, 2017 & 2025 (%) 79
FIGURE 53. ASIA PACIFIC KITCHEN COUNTERTOP MARKET BREAKDOWN, BY APPLICATION, 2017 & 2025 (%) 80
FIGURE 54. MIDDLE EAST AND AFRICA KITCHEN COUNTERTOP MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 82
FIGURE 55. MIDDLE EAST AND AFRICA KITCHEN COUNTERTOP MARKET BREAKDOWN, BY KEY COUNTRIES, 2017 & 2025(%) 83
FIGURE 56. AFRICA KITCHEN COUNTERTOP MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 84
FIGURE 57. SAUDIA ARABIA KITCHEN COUNTERTOP MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 85
FIGURE 58. UAE KITCHEN COUNTERTOP MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 86
FIGURE 59. REST OF MEA KITCHEN COUNTER MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 87
FIGURE 60. MIDDLE EAST AND AFRICA KTICHEN COUNTERTOP MARKET BREAKDOWN, BY TYPE, 2017 & 2025 (%) 87
FIGURE 61. MIDDLE EAST AND AFRICA KITCHEN COUNTERTOP MARKET BREAKDOWN, BY APPLICATION, 2017 & 2025 (%) 88
FIGURE 62. SOUTH AMERICA KITCHEN COUNTERTOP MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 90
FIGURE 63. SOUTH AMERICA KITCHEN COUNTERTOP MARKET BREAKDOWN, BY KEY COUNTRIES, 2017 & 2025(%) 91
FIGURE 64. BRAZIL KITCHEN COUNTERTOP MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 92
FIGURE 65. REST OF SAM KITCHEN COUNTERTOP MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 93
FIGURE 66. SOUTH AMERICA KITCHEN COUNTERTOP MARKET BREAKDOWN, BY TYPE, 2017 & 2025 (%) 93
FIGURE 67. SOUTH AMERICA KITCHEN COUNTERTOP MARKET BREAKDOWN, BY APPLICATION, 2017 & 2025 (%) 94
FIGURE 68. KITCHEN COUNTERTOPS MARKET, INDUSTRY LANDSCAPE (2015-2018) % 96
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.
- 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.
- 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:
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.
- 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.
- 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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