CLEVELAND, Might 26, 2022 /PRNewswire/ — Single-family kitchen and loo reworking continues to drive countertop market tendencies, finds a brand new Freedonia Group evaluation:
- Countertop alternative stays some of the in style residence reworking tasks.
- Owners commerce up from laminates and stable floor to extra pure trying (and costly) supplies reminiscent of engineered stone, porcelain slab, and butcher block counter tops as an efficient technique to shortly change the looks of their houses to align with new tendencies.
The relative ease of countertop alternative – mixed with wooden shortages – supplied a lift to the countertop market even in the course of the COVID pandemic, as housing completions considerably accelerated in 2021, and the heightened ranges of residence enchancment exercise from 2020 have continued by 2022.
Kitchens & Loos Accounted for 91% of Countertop Demand in 2021
Growing demand for kitchen counter tops will stem from design tendencies that decision for brand spanking new homes to have bigger kitchens so as to enhance consuming area and facilitate the preparation and cooking of meals, which is able to result in elevated floor space for counter tops, in addition to tops for islands, reducing and preparation stations, and built-in eating areas.
Demand for toilet counter tops shall be supported by:
- model tendencies calling for extra and bigger loos within the residential phase
- rising reworking exercise within the bathroom-intensive industrial market
Need to Be taught Extra?
Now out there from The Freedonia Group, Countertops presents historic information for 2011, 2016, and 2021 and forecasts for 2026 and 2031 in sq. ft and US {dollars} by floor materials, market, and space of set up (i.e., room). Additionally supplied are information on set up prices and pricing. Moreover, company evaluation together with market share is included.
The floor supplies damaged out are:
- engineered stone
- laminates
- pure stone
- stable floor and different forged polymers
- tile
- different small quantity supplies, together with porcelain slab/sintered stone; stainless-steel; wooden/butcher block; concrete; recycled supplies; and different supplies reminiscent of bamboo, cork, and glass
Countertop merchandise by space of set up embody:
- kitchen counter tops
- toilet counter tops
- different counter tops, reminiscent of these used to prime retailer show cupboards; residence workplace, laundry room, mudroom, and pastime/craft room cupboards; moist bars; and storage work benches
The main market segments analyzed are:
- residential buildings, that are segmented into single-family housing, multifamily housing, and manufactured housing
- industrial buildings, that are segmented into workplace and retail buildings; lodging; institutional buildings; industrial buildings; different industrial buildings, together with airport and bus terminals, civic facilities, submit workplaces, prisons, and leisure buildings
- automobiles (e.g., leisure automobiles (RVs), boats, private plane, trains)
Markets are additionally damaged out by new and reworking purposes.
In regards to the Freedonia Group – The Freedonia Group, a division of MarketResearch.com, is the premier worldwide industrial analysis firm, offering our shoppers with product analyses, market forecasts, trade tendencies, and market share data. From one-person consulting corporations to international conglomerates, our analysts present firms with unbiased, dependable trade market analysis and evaluation to assist them make necessary enterprise choices. With over 100 research revealed yearly, we assist over 90% of the commercial Fortune 500 firms. Discover off-the-shelf research at https://www.freedoniagroup.com/ or contact us for customized analysis: +1 440.842.2400.
Press Contact:
Corinne Gangloff
+1 440.842.2400
[email protected]
SOURCE The Freedonia Group
