The global countertop market is driven by the rising construction on new housing units coupled with surging prevalence of investments across various commercial sectors.

Date: 13 June 2016

According to recently published Azoth Analytics report “Global Countertops Market (By Type, By End Sector, By Region): Opportunities and Forecasts (2016-2021) – (By Type–Granite, Solid Surfaces, Engineered Stone/Quartz, Laminates; By End-Sectors- Residential, Commercial; By Region-North America, Europe, APAC, ROW; Key Players – Strategy, Financial Performance)”, Global Countertops Market grew at a CAGR of approximately 4.39% during 2011-2015, on the heels of rising construction of new housing units led by the APAC region, rebound of Europe as well as North America from the decline in the construction of the housing units, budding investments towards the construction of hotels and offices and increasing demand from the remodelling sector

In terms of segmentation, market is categorized on basis of Type – Granite, Solid Surfaces, Engineered Stone/Quartz, Laminates and Others. Granites lead the market with over 27% contribution in the year 2015 while residential sector contribute the maximum share in the same period.

Region Wise APAC region accounted for a staggering market value in 2015 and is anticipated to maintain the leadership in the future. High construction activities coupled with increasing preference for multiple kitchen and bathrooms is backing the countertops market in the region.

With the industry witnessing moderate growth rate, it is anticipated that the Countertops market will exhibit higher CAGR in the forecast period. Rising installation across various commercial sectors, increasing construction of sky scrappers coupled with increasing expansion of various hotel chains, burgeoning construction activities in the developing regions, is anticipated to propel the growth of countertops market in the forecast period.

The report titled “Global Countertops Market (By Type, By End Sector, By Region): Opportunities and Forecasts (2016-2021) – (By Type–Granite, Solid Surfaces, Engineered Stone/Quartz, Laminates; By End-Sectors- Residential, Commercial; By Region-North America, Europe, APAC, ROW; Key Players – Strategy, Financial Performance)” has analysed the potential of Countertops market worldwide and provides statistics and information on market size, growth, shares and trends. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment evaluation. Besides, the report also identifies and analyses the emerging trends along with major drivers, challenges and opportunities in the Global Countertops market.
...