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United States Countertops Market to 2026 - Increasing Interest in Outdoor Kitchens, Islands and Wet Bars is Driving Growth
Dublin, Sept. 12, 2022 (GLOBE NEWSWIRE) -- The "US Countertops Market 2022-2026" report has been added to ResearchAndMarkets.com's offering.
Through 2026, demand for countertops in the US is forecast to rise 4.4% per year to 1.1 billion square feet valued at $56.8 billion, boosted by:
increasing residential kitchen and bathroom remodeling, as well as consumer willingness to trade up to more expensive materials such as granite and engineered stone to improve home values
trends favoring larger kitchens and multiple bathrooms
increasing interest in outdoor kitchens, islands, and wet bars
elevated housing construction and rising commercial building construction
Engineered Stone Surpasses Laminate as the Most Popular Countertop Material
In 2021, engineered stone surpassed laminate to become the most used countertop material in the US, marking the first time in decades that laminate was not the most popular countertop material.
Going forward, engineered stone will continue to expand its market share to account for 36% of countertop demand in area terms, which growth stemming from trends of the last decade. The rapid increase in low-cost slabs from foreign markets - particularly China, India, Turkey, and Vietnam - made engineered stone countertops more affordable for middle-class homeowners. As prices for engineered stone decreased as color availability expanded, consumers became much more willing to purchase higher-cost countertops and grew to strongly prefer the aesthetics and quality of engineered stone overlaminates.
Demand for Porcelain Slab Countertops to Grow Robustly
Similar to the rapid advances seen for engineered stone during the past decade, porcelain slab has grown robustly since 2016 and is expected to be the fastest-growing countertop material in the US through 2026. Porcelain slab is rapidly rising in popularity as consumers seek alternatives to engineered stone and granite. These consumers want to differentiate their homes but still install countertops with a natural appearance and favourable performance properties, such as:
stain resistance in both indoor and outdoor settings, as well as heat and frost resistance, which makes porcelain a top choice for outdoor kitchens
greater strength and durability when compared to granite
absence of discolouration or colour change issues
wide variety of finishes, patterns, and colours available from manufacturers
easy-to-clean, hygienic surface
Single-Family Kitchen & Bathroom Remodeling Continues To Drive Countertops Market
Single-family kitchen and bathroom remodelling continues to drive market trends, with countertop replacement still one of the most popular home remodelling projects. Homeowners trade up from laminates and solid surfaces to more natural-looking (and expensive) materials such as engineered stone, porcelain slab, and butcher block countertops as an effective way to quickly change the appearance of their homes to align with new trends. The relative ease of countertop replacement - combined with wood shortages - provided a boost to the countertop market even during the COVID pandemic.
Key Topics Covered:
1. Executive Summary
2. COVID-19 Pandemic
Overview
Impact on the Economy
Impact on the Construction Industry
Impact on the Countertops Industry
3. Overview
Study Scope
Industry Flowchart
Historical Trends
Demand Overview (Square Feet & Market Value)
Materials Overview
Square Feet
Value
Markets Overview
Square Feet
Value
Areas of Installation (Rooms) Overview
Square Feet
Value
Pricing Trends
Foreign Trade
Supply & Demand
Tariffs
4. Factors Impacting Countertop Demand
Building Construction Outlook
Installation Costs
Sustainability Trends
Green Building Initiatives
Recycling & Recycled Content
Health Concerns
Product Quality Standards
5. Engineered Stone Countertops
Scope & Product Description
Markets
Areas of Installation
Pricing
Installation Costs
Foreign Trade
Market Share
6. Laminate Countertops
Scope & Product Description
Markets
Areas of Installation
Pricing
Installation Costs
Foreign Trade
Market Share
7. Natural Stone Countertops
Scope & Product Description
Material Types
Demand by Material
Granite
Marble
Other Natural Stone
Markets
Areas of Installation
Pricing
Installation Costs
Foreign Trade
Key Suppliers
8. Cast Polymer/Solid Surface Countertops
Scope & Product Description
Material Types
Demand by Surface Material
Solid Surface
Cultured Materials (Marble, Granite, Alabaster, Onyx)
Markets
Areas of Installation
Pricing
Installation Costs
Foreign Trade
Market Share
9. Tile Countertops
Scope & Product Description
Material Types
Demand by Type
Ceramic Tile
Porcelain Tile
Stone Tile
Metal & Glass Tile
Markets
Areas of Installation
Pricing
Installation Costs
Foreign Trade
Market Share & Key Suppliers
10. Small Volume Countertops
Porcelain Slab Countertops
Scope & Product Description
Markets & Areas of Installation
Key Suppliers
Metal Countertops
Scope & Product Description
Markets & Areas of Installation
Key Suppliers
Wood Countertops
Scope & Product Description
Markets & Areas of Installation
Key Suppliers
Concrete Countertops
Scope & Product Description
Markets & Areas of Installation
Key Suppliers
Recycled Material Countertops
Scope & Product Description
Markets & Areas of Installation
Key Suppliers
Other Countertops (Glass, Bamboo, Cork)
Scope & Product Description
Markets & Areas of Installation
Key Suppliers
11. Residential Countertop Markets
Market Scope
Materials Trends
Project Types
Demand by Project Type
New Construction
Remodeling
Housing Types
Demand by Housing Type
Single-Family Homes
Multifamily Housing
Manufactured Housing
Areas of Installation
Key Suppliers
12. Commercial Countertop Markets
Market Scope
Materials Trends
Project Types
Demand by Project Type
New Construction
Remodeling
Building Types
Demand by Building Type
Education & Healthcare Buildings
Office & Retail Buildings
Hotel & Lodging Buildings
Industrial & Other Commercial Buildings
Areas of Installation
Key Suppliers
13. Vehicle Markets
Market Scope
Materials Trends
Demand by Vehicle Type
Areas of Installation & Project Type
14. Kitchen Countertops
Scope & Product Description
Materials Trends
Markets
Demand by Market
Residential Buildings
Commercial Buildings
Vehicles
15. Bathroom Countertops
Scope & Product Description
Materials Trends
Markets
Demand by Market
Residential Buildings
Commercial Buildings
Vehicles
16. Other Areas of Installation
Scope & Product Description
Materials Trends
Markets
Demand by Market
Residential Buildings
Commercial Buildings
Vehicles
17. Key Suppliers & Competitive Factors
Key Findings & Industry Composition
Market Share
Mergers & Acquisitions
List of Industry Participants
18. Appendix
For more information about this report visit https://www.researchandmarkets.com/r/ry479z
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