Kitchen Benchtop Market Size, Industry Analysis Report By type (press moulding, casting moulding), By application (household, commercial) & Region – Forecasts
- PUBLISHED ON
- 15/09/2022
- NO OF PAGES
- 263
- CATEGORY
- Construction & Manufacturing
Either a polished natural stone slab or a quartz composite manufactured from engineering are used for kitchen countertops. Because pure, natural slabs are so pricey, they are rarely used as countertops. The engineered variety contains resins, binders, and colours in addition to 93 to 97 percent powdered quartz. This mixture is poured into moulds, given time to set, and then finished into the desired shape and style. Compared to a natural slab, this style of counter is significantly more inexpensive and widespread.
Global Kitchen Benchtop Market- Overview
The Global Kitchen Benchtop Market is expected to grow at a considerable rate by 2030, with a growing CAGR (Compound annual growth rate) over 2022-2030.
The market is divided geographically into the following five areas: North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. In terms of generating demand, the North America area dominates the global market for kitchen countertops.
In the Asia Pacific area, the market for kitchen countertops is anticipated to expand at a very rapid rate. The regional market is further split and thoroughly examined across important nations.
Global Kitchen Benchtop Market- Key trends
The expanding use of electronic devices across a range will drive of market expansion
Benchtop are increasingly being used in both business and residential settings to diagnose electrical issues, which will help the industry. The market for the gadget will benefit from rising demand in measurement applications. Its availability in a wide range of forms and sizes is also anticipated to support the growth of its market. The device's cost sensitivity, however, might limit its application. This is a significant barrier to the market expansion for benchtop multimeters.
More use of press moulding drives the market expansion
Press moulding, which made up of the global market for kitchen countertops in 2021, is anticipated to reach mil by 2028, increasing at a revised CAGR from 2022 to 2028. While the residential category will hold a share around in 2028 and change to a CAGR during this projected period.
Global Kitchen Benchtop Market- Segmental assessment
By type
1) Press moulding
2) Casting moulding
3) Others
By application
1) Residential
2) Commercial
3) Others
Global Kitchen Benchtop Market- Geographical landscape
The major regions constituting the geographical ambit of this business sphere are North America, Middle East & Africa, Europe, Asia Pacific, and South America. Among these, North America is projected to capture a substantial revenue share over 2022-2030.
Global Kitchen Benchtop Market- Competitive landscape
The prominent companies defining the competitive terrain of this marketplace are Cosentino Group, Caesarstone, Hanwha L&C, Compac, Vicostone, DowDupont, LG Hausys, Cambria, Santa Margherita, Quartz Master, Cosentino Group, Quarella, Samsung Radianz, Technistone, QuartzForm, CR Lawrence, POLYSTONE (Zhuhai) Co., Ltd, Stone Italiana, Granitifiandre, Equs, Diresco, Belenco, QuantumQuartz, Pental, Sage Surfaces (Allen+Roth), Zhongxun, Sinostone, Bitto(Dongguan), Overland Ceramics Co., Ltd, Foshan Uviistone Quartz Building Material, and others.
Report scope
Global Kitchen Benchtop Market: Historical Years- 2018-2021
Global Kitchen Benchtop Market: Forecast Years- 2022-2030
Key segments covered-
1) By type (press moulding, casting moulding, and others).
2) By application (household, commercial, and others).
Major regions and countries reported-
1) North America (U.S., Canada, and Mexico)
2) South America (Brazil, Argentina, and Colombia)
3) Europe (Germany, U.K., France, Italy, Spain, and Russia)
4) Middle East & Africa (UAE, Saudi Arabia, Egypt, and South Africa)
5) Asia Pacific (China, Japan, India, Australia, South Korea, and ASEAN)
Top players profiled- Cosentino Group, Caesarstone, Hanwha L&C, Compac, Vicostone, DowDupont, LG Hausys, Cambria, Santa Margherita, Quartz Master, Cosentino Group, Quarella, Samsung Radianz, Technistone, QuartzForm, CR Lawrence, POLYSTONE (Zhuhai) Co., Ltd, Stone Italiana, Granitifiandre, Equs, Diresco, Belenco, QuantumQuartz, Pental, Sage Surfaces (Allen+Roth), Zhongxun, Sinostone, Bitto(Dongguan), Overland Ceramics
Quality Assurance Process
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We Market Research senior executive is assigned to each consulting engagement and works closely with the project team to deliver as per the clients expectations.
Market Research Process
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To mitigate risks that can impact project success, we deploy the follow project delivery best practices:
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- Assign a senior SR executive as QA Executive
- Conduct internal editorial & quality reviews of project deliverables
- Certify project staff in SR methodologies & standards
- Monitor client satisfaction
- Monitor realized value post-project
Case Study- Automotive Sector
One of the key manufacturers of automotive had plans to invest in electric utility vehicles. The electric cars and associated markets being a of evolving nature, the automotive client approached We Market Research for a detailed insight on the market forecasts. The client specifically asked for competitive analysis, regulatory framework, regional prospects studied under the influence of drivers, challenges, opportunities, and pricing in terms of revenue and sales (million units).
Solution
The overall study was executed in three stages, intending to help the client meet its objective of precisely understanding the entire market before deciding on an investment. At first, secondary research was conducted considering political, economic, social, and technological parameters to get a gist of the various aspects of the market. This stage of the study concluded with the derivation of drivers, opportunities, and challenges. It also laid substantial emphasis on understanding and collecting data not only on a global scale but also on the regional and country levels. Data Extraction through Primary Research
The second stage involved primary research in which several market players and automotive parts suppliers were contacted to study their viewpoint concerning the development of their market and production capacity, clientele, and product line. This stage concluded in a brief understanding of the competitive ecosystem and also glanced through the strategies and pricing of the companies profiled.
Market Estimates and Forecast
In the final stage of the study, market forecasts for the electric utility were derived using multiple market engineering approaches. This data helped the client to get an overview of the market and accelerate the process of investment.
Case Study- ICT Sector
Business process outsourcing, being one of the lucrative markets from both supply- and demand- side, has appealed to various companies. One of the prominent corporations based out of Japan approached us with their requirements regarding the scope of the procurement outsourcing market for around 50 countries. Additionally, the client also sought key players operating in the market and their revenue breakdown in terms of region and application.
Business Solution
An exhaustive market study was conducted based on primary and secondary research that involved factors such as labor costs in various countries, skilled and technical labors, manufacturing scenario, and their respective contributions in the global GDP. A comparative study of the market was conducted from both supply- and demand side, with the supply-side comprising of notable companies, such as GEP, Accenture, and others, that provide these services. On the other hand, large manufacturing companies from them demand-side were considered that opt for these services.
Conclusion
The report aided the client in understanding the market trends, including country-level business scenarios, consumer behavior, and trends in 50 countries. The report also provided financial insights of crucial players and detailed market estimations and forecasts till 2033.
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