Countertop Manufacturing - Industry Market Research Report

Countertop Manufacturing - Industry Market Research Report

  • October 2020 •
  • 44 pages •
  • Report ID: 5104035 •
  • Format: PDF
Rock solid: A rise in construction and spending on home improvements are expected to drive growth

Abstract

Countertop Manufacturing
The Countertop Manufacturing industry makes horizontal surfaces used in kitchens, food preparation areas, bathrooms and workrooms. Countertops produced by this industry are made primarily from wood and plastic laminates, and the industry has endured heightened substitute competition from materials such as marble, granite and quartz over the five years to 2019. However, since countertops are typically installed in the final stages of new construction, the industry’s rebound from the housing crisis lingered into 2015. As a result, despite stagnation in the years since then, industry revenue is expected to rise over the five years to 2019. Moving forward, industry sales will be supported by a steady rise in residential construction and private spending on home improvements. However, revenue growth will slow relative to the prior period, as demand falls in line with historic norms after benefiting from pent-up demand over the five years to 2019. Additionally, as import and substitute competition are expected to continue intensifying, industry sales will likely lag behind growth in overall demand for countertops.

This industry primarily cuts, shapes and finishes countertops for kitchens and bathrooms. These countertops are primarily made out of wood and plastic laminates. The industry does not include countertops constructed on-site by building contractors.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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