CLEVELAND, May possibly 26, 2022 /PRNewswire/ — Single-household kitchen area and lavatory transforming proceeds to generate countertop market traits, finds a new Freedonia Team examination:
- Countertop alternative continues to be just one of the most preferred residence reworking assignments.
- Home owners trade up from laminates and sound surface area to additional natural looking (and high priced) materials such as engineered stone, porcelain slab, and butcher block counter tops as an effective way to speedily modify the overall look of their homes to align with new trends.
The relative ease of countertop alternative – combined with wood shortages – offered a strengthen to the countertop market even all through the COVID pandemic, as housing completions appreciably accelerated in 2021, and the heightened concentrations of property advancement action from 2020 have ongoing via 2022.
Kitchens & Bogs Accounted for 91% of Countertop Demand in 2021
Escalating need for kitchen countertops will stem from design and style trends that simply call for new homes to have greater kitchens in get to raise eating space and facilitate the preparing and cooking of foods, which will lead to amplified surface area place for counter tops, as perfectly as tops for islands, chopping and preparing stations, and designed-in eating areas.
Need for lavatory counter tops will be supported by:
- fashion trends calling for more and bigger bogs in the residential segment
- rising reworking activity in the rest room-intense commercial current market
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Now readily available from The Freedonia Group, Countertops presents historical data for 2011, 2016, and 2021 and forecasts for 2026 and 2031 in square ft and US pounds by surface substance, market place, and area of set up (i.e., room). Also delivered are knowledge on set up prices and pricing. Additionally, company evaluation like sector share is incorporated.
The surface area supplies broken out are:
- engineered stone
- organic stone
- stable floor and other cast polymers
- other modest quantity products, together with porcelain slab/sintered stone stainless steel wooden/butcher block concrete recycled supplies and other products these as bamboo, cork, and glass
Countertop goods by location of installation involve:
- kitchen area countertops
- toilet counter tops
- other counter tops, these as people made use of to leading retail outlet screen cupboards property business office, laundry space, mudroom, and pastime/craft place cabinets soaked bars and garage operate benches
The main current market segments analyzed are:
- household buildings, which are segmented into solitary-household housing, multifamily housing, and made housing
- industrial buildings, which are segmented into office environment and retail buildings lodging institutional buildings industrial buildings other business buildings, like airport and bus terminals, civic centers, post workplaces, prisons, and recreational buildings
- automobiles (e.g., leisure autos (RVs), boats, private plane, trains)
Marketplaces are also damaged out by new and reworking purposes.
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Source The Freedonia Group