The United States countertop industry revenue is projected to total US$ 76,783.0 million in 2023 and US$ 138,218.8 million by 2033. Over the assessment period, demand for countertops in the United States is projected to surge at a CAGR of 6.1%.
The granite-based material segment will dominate the United States countertop industry through 2033. It is expected to hold a volume share of 28.8% by 2023. This is due to the growing demand for granite countertops across the United States.
Sales of countertops in the United States are expected to rise due to rapid population growth, urbanization, and consumers’ increasing willingness to spend more on countertops. Similarly, increasing government initiatives for a robust United States housing sector spur demand for durable, stylish countertops.
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Countertops are witnessing higher demand from diverse sectors, and the trend is expected to continue through 2033. They are used for multiple purposes in different settings. For instance, kitchens use them for food preparation and cooking purposes.
Consumers in the United States are increasingly inclined to invest in countertops, propelling a surge in demand for premium materials like granite, quartz, and quartzite. This shift underscores a broader trend where individuals prioritize quality and durability in their living spaces.
A desire for aesthetic space and long-term value drives the willingness to spend more on countertops. Consumers recognize that higher-priced materials not only enhance the visual appeal of kitchens and bathrooms but also contribute to the overall resale value of their homes.
Key Takeaways from the Report
- The United States countertop business is projected to reach a valuation of US$ 138,218.8 million in 2033.
- By material type, the granite segment is expected to total US$ 39,027.4 million by 2033.
- By end use, the new construction residential segment is set to hold a share of 32.4% in 2023.
- California is expected to account for a significant share of around 13.7% in 2033.
- New York is set to register a CAGR of 7.0% between 2023 and 2033.
“The United States countertop business is set for robust growth, driven by rising demand in the construction sector, expanding industrial activities, and a growing focus on high-quality countertops across applications.” says an Analyst at Future Market Insights, Inc.
Competitive Landscape
In the United States countertop business, around 8% to 12% share is carried by the top key players. DuPont (Corian), LX Hausys, MSI Surfaces, Wilsonart, VT Industries, Cambriaa, IceStone, Tops Solid Surface, and Lamitech are the leading manufacturers and suppliers of countertops listed in the report.
Key players are focusing on expanding domestic production to meet growing end user demand. They are also investing in developing new products and further innovating existing ones to meet end-user demand.
Recent Developments:
- In March 2023, Cambria announced its popular Finance by Cambria program in Ontario.
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More Insights into the Countertop Business Report
In its latest report, Future Market Insights (FMI) offers an unbiased analysis of the United States countertop business, providing historical data from 2018 to 2022 and forecast statistics for 2023 to 2033.
To understand the United States growth potential, growth, and scope, the target business is segmented based on material type (granite, solid surfaces, laminates, engineered quartz, marbles, natural stone, composites and polymers, metals), end use (new construction residential, renovation residential, new construction non-residential, renovation non-residential), and region (West United States, Midwest United States, Northeast United States, South United States).
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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