In the five years to 2016, the Countertop Manufacturing industry benefited from improving employment, rising disposable incomes and historically low interest rates, which spurred a rise in residential construction. Residential construction and private spending on home improvements largely drive industry demand, as countertops are commonly installed in new homes and during kitchen renovations. Additionally, an increase in mortgage refinances and bank lending made more credit available for the remodeling of existing homes, further boosting countertop replacement sales. Going forward, this upward trend will continue as industry sales are expected to continue growing due to a steady rise in residential construction and private spending on home improvements. A shift in consumer preferences to more expensive countertop materials, such as engineered stone and recycled glass, should also enhance industry revenue.
This industry primarily cuts, shapes and finishes countertops for kitchens and bathrooms. These countertops are made out of wood, stone (e.g. granite, marble, and limestone) plastic or metal. The industry does not include countertops constructed onsite by building contractors.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.