Granite Kitchen Counter Top Market Share
Camila Farah
However high cost of granite and labor intensive installation hamper the growth of the global market.
Harmful radiations from the granite and high purchasing cost of natural stone to hamper growth. Granite will continue to enjoy a large share of the market but may see a slide. Countertop manufacturing in the us industry outlook 2019 2024 poll average industry growth 2019 2024. Based on product the market is categorized into granite slabs granite tiles and others.
All slabs are treated with stoneguard sealer that protects against food and beverage stains and are backed by a 15 year warranty. Applications covered in the study include kitchen countertops. Stonemark granite is exclusive to the home depot and is 100 natural granite. X x lock purchase this report or a membership to unlock the average company profit margin for this industry.
Granite a natural rock has for years dominated the countertop scene especially for homeowners who want something strong durable and good. The global kitchen countertop market is anticipated to account for us 135 47 bn by the end of 2025 escalating from us 92 93 bn in 2017 at a growth rate of 4 9 during the forecast period from. Quartz is still king of kitchen countertops. Freedonia group says granite prices declined over the last decade making the material more widely available.
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The market value of countertop market is set to rise due to an increasing preference of higher priced materials rather than the laminates. The global granite market is segmented based on product application and geography. Despite being the dominant countertop surface material in the us for decades laminates are expected to continue to lose market share as other more aesthetically pleasing materials such as granite and engineered stone become more popular. Quartz was introduced as a high end alternative to granite check out our granite vs quartz article.
Hence a stable rise in the countertops sales is due to a rise in the residential construction and increase in the private spending on homes. Houzz reports that 43 percent of their survey participants said they were choosing engineered quartz for their countertops compared to 34 percent who chose granite.
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